By Telecopy and Certified Mail
Exhibit 10.12
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Xxxx x’Xxxxxxxxx President
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EXECUTIVE OFFICES |
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Xxx Xxxxx Xxxxx Xxxxxx Xxxxx |
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Largo, Maryland 20774 |
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February 7, 0000 |
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000-000-0000 - fax 000-000-0000 |
By Telecopy and Certified Mail
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Ticketmaster Corporation |
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0000 Xxxxxxxx Xxxxxxxxx, 0xx Floor |
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Los Angeles, California 90010 |
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Attention: |
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Xxxxx Xxxxxx, Chairman, and Xxxxxx X. Xxxxxxx, Executive |
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Vice-President and General Counsel |
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Re: |
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License Agreement dated May 23,1991 between Ticketmaster |
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Corporation and Ticketmaster Group Limited Partnership, as amended |
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(the “License Agreement”) |
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Gentlemen:
The purpose of this letter is to notify you, pursuant to Section 2 of the License Agreement, that Ticketmaster Group Limited Partnership elects to renew the License Agreement for an additional five (5)-year term. We believe the “Operational Date” under the License Agreement is July 1, 1991 and that July 1, 2001 will be the tenth anniversary of such “Operational Date”. Therefore, the five (5)-year renewal term will commence as of July 1, 2001 and will end on June 30, 2006.
We believe that this notice is effective to renew the term of the License Agreement for an additional five (5)-year term. However, we would be pleased to have our counsel prepare an amendment to the License Agreement to evidence the renewal if you would prefer.
Please sign and return this letter to Xxxx x’Xxxxxxxxx by telecopy to acknowledge your receipt of this letter and to signify your agreement that the term of the License Agreement has been renewed by this notice. Thank you.
Very truly yours,
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Ticketmaster Group Limited Partnership |
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By: |
AP Tickets, Inc., Sole General Partner |
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By |
/s/ Xxxx x’Xxxxxxxxx |
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Xxxx x’Xxxxxxxxx, President |
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cc: |
Xxxxxx X. Xxxxx, Esq. |
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Ticketmaster Corporation
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Attention: |
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Xxxxx Xxxxxx, Chairman, and Xxxxxx X. Xxxxxxx, Executive |
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Vice-President and General Counsel |
CONCERTS · SPORTS · PERFORMING ARTS · MUSEUMS · GALLERIES · TOURIST ATTRACTIONS · FAMILY & SPECIAL EVENTS · CLUBS
Receipt
of Notice and Renewal of Term Of License Agreement Acknowledged and
Agreed to:
Ticketmaster Corporation
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/s/ Xxxxxx Xxxxxxx |
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Dated: February 26, 2001 |
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