CLEAR CHANNEL BROADCASTING, INC.,
Exhibit 10.24
CLEAR CHANNEL BROADCASTING, INC.,
000 Xxxx Xxxxx Xxxx, Xxx Xxxxxxx, Xxxxx 00000
January 13, 2014
FalconAgain Inc.
c/o TAG Associates, LLC
00 Xxxxxxxxxxx Xxxxx, 0xx Xxxxx
Xxx Xxxx, XX 00000-0000
Attn: Xxxx Xxxxxxxxx
Re: Aircraft Refurbishments
Dear Xx. Xxxxxxxxx:
Reference is made to Aircraft Lease Agreement, dated December 23, 2013 by and among FalconAgain Inc. (the “Lessor”) and Clear Channel Broadcasting, Inc. (the “Lessee”) (the “Agreement”). Capitalized terms used herein but not otherwise defined herein shall have the meanings ascribed thereto in the Agreement. During the Term, the parties agree in accordance with Section 6(e) of the Agreement that the Lessee shall pay 50% of the reasonable costs to refurbish the Aircraft up to a maximum reimbursement of $375,000.
Sincerely,
Clear Channel Broadcasting, Inc.
By:/s/ Xxxxxxx X. Xxxxxxxx
Name: Xxxxxxx X. Xxxxxxxx
Title: Chief Financial Officer
Agreed to and accepted:
FalconAgain Inc.
By:
/s/ Xxxxxx X. Xxxxxxx
Name: Xxxxxx X. Xxxxxxx
Date: 1/13/14