Document:

Exhibit 10.2
                       THIRD AMENDMENT TO CREDIT AGREEMENT

         THAT THIRD AMENDMENT TO CREDIT AGREEMENT (this "Amendment") is entered
into as of April __, 2001, by and among ONKYO AMERICA, INC., an Indiana
corporation, as successor by merger to Onkyo Acquisition Corporation, an Indiana
corporation (the "Company"), the financial institutions that are or may from
time to time become parties to the Credit Agreement (as defined below) (together
with their respective successors and assigns, the "Lenders"), and GMAC BUSINESS
CREDIT, LLC, a Delaware limited liability company, as agent ("Agent") for the
Lenders.

                                   BACKGROUND

         A. Company, Agent and Lenders entered into a Credit Agreement dated as
of August 31, 2000 (as amended from time to time, including as amended by this
Amendment, the "Agreement").

         B.       The parties wish to amend the Agreement as set forth herein.

         THEREFORE, in consideration of the mutual promises and agreements of
the parties hereinafter set forth and for other good and valuable consideration,
the receipt and sufficiency of which is acknowledged, the parties agree as
follows:

                              TERMS AND CONDITIONS

1. Incorporation of the Agreement. All capitalized terms which are not defined
hereunder shall have the same meanings as set forth in the Agreement, and the
Agreement, to the extent not inconsistent with this Amendment, is incorporated
into this Amendment by this reference as though the same were set forth in its
entirety. To the extent any terms and provisions of the Agreement are
inconsistent with this Amendment, such terms and provisions in the Agreement
shall be deemed superseded hereby. Except as specifically set forth in this
Amendment, the Agreement shall remain in full force and effect and its
provisions shall be binding on the parties hereto.

2.       Amended  Definitions.  The definitions of Borrowing Base and Borrowing
Base  Certificate in Section 1.1 of the Agreement are amended in their entirety
to read as follows:

                  Borrowing Base means an amount equal to the total of (a) 85%
         of the unpaid amount, net of such reserves and allowances as the Agent
         deems necessary in its reasonable discretion, of all Eligible Accounts
         Receivable plus (b) the lesser of (i) 60% of all Eligible Inventory
         other than Eligible Delphi Finished Goods Inventory plus the applicable
         Delphi Finished Goods Allowance, and (ii) $7,500,000, in any case net
         of such reserves and allowances as the Agent deems necessary in its
         reasonable discretion.

                  Borrowing Base Certificate means a certificate substantially
         in the form of Exhibit A to that certain Third Amendment to Credit
         Agreement between GMACBC and the Company dated April ___, 2001.

3.       New Definitions.  The following definitions are added to Section 1.1
of the Agreement:

                  Delphi  means Delphi Automotive Systems, Inc.

                  Delphi Finished Goods Allowance means for the applicable
         period, the lesser of (a) the amount determined by applying the
         applicable advance rate to the Delphi Finished Goods Inventory, and (b)
         the applicable cap as set forth below:
<TABLE>
<S>                     <C>                             <C>                      <C>

                           ----------------------------- ------------------------ --------------------
                                      Period                   Applicable                 Cap
                                                              Advance Rate
                           ----------------------------- ------------------------ --------------------
                           ----------------------------- ------------------------ --------------------
                                     Through - 10/31/01            85%            $    1,700,000
                           ----------------------------- ------------------------ --------------------
                           ----------------------------- ------------------------ --------------------
                                     11/1/01 - 11/15/01            80%            $    1,600,000
                           ----------------------------- ------------------------ --------------------
                           ----------------------------- ------------------------ --------------------
                                    11/16/01 - 11/30/01            75%                     $1,500,000
                           ----------------------------- ------------------------ --------------------
                           ----------------------------- ------------------------ --------------------
                                     12/1/01 - 12/15/01            70%            $    1,400,000
                           ----------------------------- ------------------------ --------------------
                           ----------------------------- ------------------------ --------------------
                                    12/16/01 - 12/30/01            65%            $    1,300,000
                           ----------------------------- ------------------------ --------------------
                           ----------------------------- ------------------------ --------------------
                                         After 12/30/01            60%                    N/A
                           ----------------------------- ------------------------ --------------------

</TABLE>

                  Delphi Inventory Agreement means that certain Inventory
         Purchase Agreement between GMACBC and Delphi dated March 29, 2001

                  Eligible Delphi Finished Goods Inventory means any otherwise
         Eligible Inventory that is (a) finished goods, and (b) "useable" in
         production for Delphi and "merchantable" as those terms are defined in
         the Delphi Inventory Agreement.

4.       Representations  Regarding  Delphi  Finished  Goods  Inventory.
 The following is added as Section 9.25 to the Agreement:

                         9.25 Delphi Finished Goods Inventory. All Delphi
                         Finished Goods Inventory listed on a Borrowing Base
                         Certificate delivered to Agent shall be "useable" and
                         "merchantable" as those terms are defined in the
                         Delphi Inventory Agreement.

5. Representations, Covenants and Warranties; No Default. Except for the
representations and warranties of Company made as of a particular date, the
representations, covenants and warranties set forth in Section 9 of the
Agreement shall be deemed remade as of the date hereof by Company; provided,
however, that any and all references to the Agreement in such representations
and warranties shall be deemed to include this Amendment. No Event of Default
has occurred and is continuing and no event has occurred and is continuing
which, with the lapse of time, the giving of notice, or both, would constitute
such an Event of Default under the Agreement.

6. Fees and Expenses. The Company agrees to pay on demand all costs and expenses
of or incurred by Agent and Lenders in connection with the evaluation,
negotiation, preparation, execution and deliver of this Amendment and the other
instruments and documents executed and delivered in connection with the
transactions described herein (including the filing or recording thereof),
including, but not limited to, the fees and expenses of counsel for the Agent
and any future amendments to the Agreement.

7.       Effectuation.  The amendments to the Agreement  contemplated by this
Amendment  shall be deemed  effective immediately  upon the full  execution of
this  Amendment  and without any further  action  required by the parties
hereto.  There are no conditions precedent or subsequent to the effectiveness
of this Amendment.

8.       Continuing  Effect.  Except as otherwise specifically set forth herein,
the provision of the Agreement shall remain in full force and effect.

9.       Counterparts.  This Amendment may be executed in two or more counter-
parts, each of which shall be deemed an original, and all of which together
shall constitute one and the same instrument.

ONKYO AMERICA, INC. f/k/a
Onkyo Acquisition Corporation

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

GMAC BUSINESS CREDIT, LLC
as Agent

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

[Signatures continued on next page]

<PAGE>

[Signatures continued from previous page]

GMAC BUSINESS CREDIT, LLC
as Lender

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

NATIONAL CITY BANK OF INDIANA
as Lender

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

<PAGE>

                              OFFICERS' CERTIFICATE

The  undersigned,  a duly  authorized  officer of ONKYO AMERICA,  INC. f/k/a
Onkyo  Acquisition  Corporation,  INC. ("Company"), certifies to GMAC Business
Credit, LLC ("Agent") as follows:

         1. Company has requested that Agent and Lenders amend the Credit
Agreement dated August 31, 2000 (as amended, the " Agreement") as provided in
the Third Amendment to Credit Agreement dated as of April __, 2001 (the
"Amendment").

         2. No further approvals or authorizations are necessary for Company to
execute the Amendment or any notes, agreements or documents executed or
delivered in connection with the Amendment.

_______________________________

Title: _________________________

Dated:  April ___, 2001

<PAGE>

                 REAFFIRMATION OF GUARANTIES AND LOAN DOCUMENTS

         The undersigned (the "Guarantors") hereby acknowledge and consent to
the amendment of the Agreement contained in the foregoing Second Amendment to
Credit Agreement, acknowledge and reaffirm their obligations owing to Agent and
Lenders under those certain Guaranties dated August 31, 2000 (the "Guaranties)
and any other Loan Documents to which they are a party, and agree that such
Guaranties and Loan Documents are and shall remain in full force and effect.
Although Guarantors have been informed of the matters set forth herein and have
acknowledged and agreed to the same, Guarantors understand that Lenders have no
obligation to inform Guarantors of such matters in the future or to seek the
Guarantors' acknowledgment or agreement to future amendments or waivers, and
nothing herein shall create such a duty.

GLOBAL TECHNOVATIONS, INC.

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

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

ONKYO AMERICA SPECIALTY PRODUCTS, INC.

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

Title:--------------------Exhibit 10.3

                          INVENTORY PURCHASE AGREEMENT

         GMAC Business Credit, LLC ("GMAC/BC" or "Lender") and Delphi Automotive
Systems, Inc. ("Customer") enter into this Agreement on March 29, 2001.

                                    RECITALS

         A. Onkyo Acquisition Corporation ("Supplier") produces component parts
for Customer pursuant to purchase orders and releases issued thereunder by
Customer (the "Components"). From time to time Supplier will be in possession of
raw materials and work in process related to Components, together with finished
Components (collectively, "Inventory").

         B.       Lender  provides  working capital  financing to Supplier
secured by, among other  collateral,  a first priority lien and security
interest in all of Supplier's inventory and accounts receivable.

         C.       Customer  is  entering  into this  Agreement  to induce
GMAC/BC  to modify its  agreements  with Supplier to provide additional
financing as requested by Supplier.

         Based on the foregoing recitals and other good and valuable
consideration, the receipt and adequacy of which is acknowledged, the parties
agree as follows:
                              TERMS AND CONDITIONS
         1. During the term of this Agreement, upon the occurrence of a "Trigger
Event" (defined below), Customer will purchase all of Supplier's "useable" and
"merchantable" Inventory related to Components from (a) Lender (if Lender
obtains possession of and the right to sell such inventory by way of
repossession, voluntary surrender, judicial intervention or otherwise), (b) an
assignee for the benefit of Supplier's creditors (an "Assignee"), a debtor in
possession or trustee in bankruptcy, for Lender's benefit (a "Trustee"), or (c)
Supplier, if Lender so elects and all applicable conditions of this Agreement
can otherwise be satisfied. For purposes of this Agreement, the term "usable"
means finished goods, raw materials and work in process Inventory (as the case
may be) which are reasonably usable by Customer (or Customer's alternative
supplier(s) of Components) in connection with manufacturing Components for which
Customer has or will have unsatisfied requirements; for purposes of this
Agreement, the quantity of Inventory that is "useable" at any time will not be
less than the quantities necessary to satisfy any outstanding releases issued by
Customer to Supplier. The term "merchantable" as used in this Agreement means
merchantable as that term is defined in U.C.C. ss.2-314 and reasonably in
conformance with all applicable Customer purchase order specifications. If, at
the time of a Trigger Event, the aggregate quantity of a particular Component
for which Customer has or will have unsatisfied requirements is less than (a)
the number of the particular finished Components in Supplier's possession plus
(b) the quantity of Components that could be manufactured from work in process
and raw materials in Supplier's possession, then Customer will purchase such
Inventory in the following order of precedence: first, finished Components;
second, work in process; and, third, raw materials. For example, if Customer's
existing and prospective unsatisfied requirements for a particular Component as
of the date of a Trigger Event are 150 units, and Lender takes possession of 75
units of the Component in the finished good state, 50 units of the Component in
the work in process state, and raw materials sufficient to manufacture an
additional 100 units of the particular Component, assuming the referenced items
are otherwise merchantable and usable by Customer (and the terms of the
Agreement are otherwise satisfied), Customer will purchase on account of the
particular Component, 75 units of finished goods, 50 units of work in process
and 25 units of raw materials.
         2.       The  purchase  price for the  Inventory  to be  purchased
under this  Agreement  (the  "Purchase Price") will be calculated as follows:

                  (a)      for  raw  materials  - the  cost of the  raw
                           materials,  with  cost  based  on Supplier's actual
                           cost.

                  (b)      for work in process - the cost, with cost calculated
                           on a percentage of completion basis applied to
                           Supplier's standard cost for the respective items of
                           Inventory.

                  (c)      for finished Components - the otherwise applicable
                           selling price to Customer.

All prices are F.O.B. Supplier. For purposes of subparagraph (b) above,
percentage of completion shall be based on the mutual agreement of Customer and
Lender, or if such agreement cannot be reached within fifteen (15) days after a
Trigger Event, Customer and Lender shall each select an independent accountant
(whose fees and costs shall be paid by the respective party) who shall determine
the appropriate percentages of completion for work in process Inventory; if the
two independent accountants cannot agree, disputes will be referred to binding
arbitration with all costs and expenses shared equally. Should either Lender or
Customer fail to appoint an accountant within ten (10) days after the fifteen
(15) day deadline referred to above, the applicable percentages of completion
shall be determined by the independent accountant selected by Customer or
Lender, as the case may be, acting alone. Customer agrees to pay the Purchase
Price for the Inventory purchased pursuant to this Agreement without setoff or
deduction for any claims or rights Customer may have against Supplier, which
rights and claims Customer otherwise reserves and does not waive.
         3. Customer will only be required to purchase Inventory pursuant to
this Agreement if prior to the expiration of this Agreement Lender notifies
Customer in writing of its intent to invoke this Agreement after the occurrence
of any one of the following events (a "Trigger Event"):

                  (a)      Supplier is in default of its obligations  to Lender
                           and Lender has  demanded  payment, accelerated
                           Supplier's  indebtedness  or otherwise  started to
                           enforce its rights in or to Supplier's assets; or

                  (b)      Supplier files (or has filed  against it) a petition
                           for relief  under the  Bankruptcy Code, 11 U.S.C.
                           ss.101, et seq.; or

                  (c)      Lender's credit facility expires or is terminated in
                           accordance with its terms, and Lender has not been
                           paid in full at the time of the expiration or
                           termination.

Lender will use its best efforts, in good faith, to notify Customer of its
intent to invoke this Agreement within 5 business days of the occurrence of a
Trigger Event. Customer will only be obligated to purchase Inventory under this
Agreement if Lender (or Supplier or a Trustee acting for Lender's benefit) can
satisfy all of the requirements of this Agreement and Customer is allowed to
take possession of the involved Inventory no later than ninety (90) days after
Customer's receipt of written notice of a Trigger Event.
         4. This Agreement shall be in effect until December 31, 2001 (the
"Term"). If a notice of a Trigger Event is delivered prior to the expiration of
this Agreement, Customer will be obligated to purchase Inventory under this
Agreement even if this Agreement subsequently expires by its terms if the terms
of this Agreement are otherwise satisfied.
         5. Customer will only be obligated to purchase Inventory under this
Agreement if Lender (or Supplier, an Assignee, a debtor-in-possession, or a
Trustee acting for the benefit of Lender) can sell and deliver the Inventory to
Customer free and clear of all liens and security interests including any liens
senior to Lender's lien and security interest. Any sale of Inventory by Lender
will be a private sale pursuant to U.C.C. ss.9-504 and Lender will represent and
warrant in connection with such sale, that (a) Lender has a first priority
security interest in the Inventory, and (b) Lender has the right to sell
Supplier's interest in the Inventory. If a debtor-in-possession, or a Trustee
sells Inventory for the benefit of Lender, such sale shall be pursuant to a
final order under 11 U.S.C. ss.363 (or any successor statute) entered after
appropriate notice and a hearing, with all Inventory sold free and clear of all
liens and security interests. If Inventory is sold to Customer by Supplier or an
Assignee, Lender must represent and warrant in writing that it has a first
priority lien and security interest in the Inventory, such sale is free and
clear of its lien and security interest and that Lender consents to the sale.
         6. Subject to Inventory meeting the definition of "useable" and
"merchantable" as set forth above, all Inventory (and related supplier
warranties) sold to Customer hereunder shall be sold AS IS WITH NO WARRANTIES,
EXPRESSED OR IMPLIED, WHATSOEVER INCLUDING, WITHOUT LIMITATION, WARRANTIES OF
MERCHANTABILITY OR FITNESS FOR A PARTICULAR PURPOSE. However, any warranties
related to the Inventory which are given to Supplier by its suppliers shall be
deemed to pass to Customer upon purchasing the particular Inventory, to the
fullest extent permitted under applicable law.

         7. This Agreement is intended for the benefit of Customer, and Lender,
its successors and assigns (and, an Assignee, a Trustee or a
debtor-in-possession as provided in paragraph 6) only and no third parties,
including Supplier (other than as expressly set forth in paragraph 6), shall
have any rights hereunder.

         8.       Notices given  pursuant to this  Agreement  shall be given in
writing at the following  addresses (by overnight courier or registered mail):

                  If to Lender:             Ms. Diane Guzzo, Vice President
                                            GMAC Business Credit, LLC
                                            500 West Madison
                                            Chicago, IL  60661

                  If to Customer:           _________________

<PAGE>

         9. This Agreement constitutes the entire understanding of the parties
and may only be modified or amended by a writing signed by the party to be
charged. This Agreement is governed by Illinois law and may be executed in
counterparts, and facsimile copies of signatures shall be treated as original
signatures for all purposes.

         10. Waiver of Jury Trial. THE PARTIES HERETO ACKNOWLEDGE THAT THE RIGHT
TO TRIAL BY JURY IS A CONSTITUTIONAL RIGHT, BUT THAT THIS RIGHT MAY BE WAIVED.
THE PARTIES EACH HEREBY KNOWINGLY, VOLUNTARILY AND WITHOUT COERCION, WAIVE ALL
RIGHTS TO A TRIAL BY JURY OF ALL DISPUTES ARISING OUT OF OR IN RELATION TO THIS
AGREEMENT OR ANY OTHER AGREEMENTS BETWEEN THE PARTIES. NO PARTY SHALL BE DEEMED
TO HAVE RELINQUISHED THE BENEFIT OF THIS WAIVER OF JURY TRIAL UNLESS SUCH
RELINQUISHMENT IS IN A WRITTEN INSTRUMENT SIGNED BY THE PARTY TO WHICH SUCH
RELINQUISHMENT WILL BE CHARGED.

GMAC BUSINESS CREDIT, LLC

By: ________________________________
Its: _______________________________

DELPHI AUTOMOTIVE SYSTEMS, INC.

By:__________________________________

Its: ________________________________

                              *********************

                           CONSENT AND ACKNOWLEDGMENT

         While not a party to the foregoing Agreement, Onkyo America,
Inc.("Supplier") consents to and agrees to be bound by all terms and conditions
of the Agreement. Further, Supplier acknowledges that if Lender sells Inventory
to Customer under the Agreement, the sale pursuant to the Agreement and the
Purchase Price paid by Customer shall constitute a commercially reasonable sale
in all respects (including method, time, place and terms) and a commercially
reasonable price.

ONKYO AMERICA, INC.

By:  _____________________________

Its:______________________________

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