1 EXHIBIT 10.31.1 GUINNESS MAHON & CO. LIMITED FAX TRANSMISSION To: Dove Audio, Inc. Attn: Neil Topham, Chief Financial Officer Fax Number: 001 310 247 2923 From: Michael Shyjka Telephone Number: 0171 772 7813 Fax Number: 0171 982 9248/648 4711 Date: 8th April 1997 No of Pages Including Front Sheet: 1 Dear Neil, "WILDE" Further to our telephone conversation of yesterday, I refer to your fax of 21/04/97. The terms therein are acceptable to us and interest will be calculated on the principal amount of L.133,333 from the date of the expected payment on 1 April 1997 until the date of receipt at a rate of 2% p.a. plus COLA above L.Sterling LIBOR. Kind regards Yours sincerely /s/ MICHAEL SHYJKA - ------------------------------ Michael Shyjka