Recital B. Effective as of the Execution Date of the Eleventh Amendment, Recital B of the Eleventh Amendment is hereby deleted in its entirety and replaced with the following:
Recital B. The parties hereto hereby acknowledge and agree that the minimum number of shares of the Common Stock to be purchased and sold pursuant to the Securities Purchase Agreement, as amended hereby, shall be the quotient of (i) the aggregate of the dollar amounts appearing on the Schedule of Investors attached as Exhibit A to this Agreement, divided by (ii) $0.10 and, in any event, shall be less than the minimum number referenced in Recital B of the Securities Purchase Agreement.
Recital B. The definition of "Exchange Party Stations" as set forth in Recital B shall only include the following stations: WYHT-FM, WSWR-FM and WMAN-AM, licensed to Mansfield/Shelby, Ohio, and KATJ-FM, KZXY-FM, KIXA-FM, KROY-AM and KIXW-AM, licensed to Victorville, California.
Recital B. The words “an undivided fifty percent (50%)” in Recital B of the Purchase Agreement are hereby amended to read “an undivided 61.5892655%.”
Recital B. Company............................................................Intro.
Recital B. (a) and B.(b) of the Agreement is hereby amended to read in its entirety as follows:
(a) The Company will establish Interim Bank (as defined below) as a wholly-owned subsidiary;
(b) Bank and Interim Bank will enter into an Agreement of Merger (as defined below) providing for the merger of Interim Bank and Bank under the state charter of the Interim Bank;"
Recital B. Recital B of the Pledge Agreement is amended in its entirety to read as follows:
Recital B. Recital E shall be deleted in its entirety and substituted with the following language:
Recital B of the Pledge Agreement shall be deleted and shall be replaced in its entirety with the following:
Recital B. The words “two (2) months” are hereby deleted from Recital B to the Agreement and are replaced by the words “five (5) months”.