SECOND SUPPLEMENTAL INDENTURE Dated as of August 4, 2011 Among LIVE NATION ENTERTAINMENT, INC., VECTOR MANAGEMENT LLC, VECTOR WEST, LLC, The Existing Guarantors Party Hereto And THE BANK OF NEW YORK MELLON TRUST COMPANY, N.A., as Trustee
Exhibit 10.1
EXECUTION VERSION
Dated as of August 4, 2011
Among
LIVE NATION ENTERTAINMENT, INC.,
VECTOR MANAGEMENT LLC,
VECTOR WEST, LLC,
The Existing Guarantors Party Hereto
And
THE BANK OF NEW YORK MELLON TRUST COMPANY, N.A.,
as Trustee
THIS SECOND SUPPLEMENTAL INDENTURE (this “Second Supplemental Indenture”), entered into as of August 4, 2011, among LIVE NATION ENTERTAINMENT, INC., a Delaware corporation (the “Issuer”), the guarantors listed in Appendix I attached hereto (the “Existing Guarantors”), VECTOR MANAGEMENT LLC , a Delaware limited liability company, and VECTOR WEST, LLC , a Delaware limited liability company (each, a “New Guarantor,” collectively, the “New Guarantors,” and together with the Existing Guarantors, the “Guarantors”), and THE BANK OF NEW YORK MELLON TRUST COMPANY, N.A., as trustee (the “Trustee”).
RECITALS
WHEREAS, the Issuer, the Existing Guarantors and the Trustee are parties to an Indenture, dated as of May 6, 2010, as supplemented by the First Supplemental Indenture, dated as of February 14, 2011 (as so supplemented, the “Indenture”), relating to the Issuer’s 8.125% Senior Notes due 2018 (the “Notes”);
WHEREAS, Section 4.13 of the Indenture requires the Issuer to cause each Domestic Subsidiary that is not a Guarantor under the Notes but becomes a guarantor under a Credit Facility to execute and deliver to the Trustee a supplemental indenture pursuant to which such Domestic Subsidiary shall unconditionally guarantee all of the Issuer’s obligations under the Indenture and the Notes;
WHEREAS, the Issuer desires to amend the Notes pursuant to Section 9.01 of the Indenture to reflect the addition of the New Guarantors;
WHEREAS, pursuant to Section 9.01 of the Indenture, the Issuer, the Guarantors and the Trustee can execute this Second Supplemental Indenture without the consent of holders;
WHEREAS, all things necessary have been done to make this Second Supplemental Indenture, when executed and delivered by the Issuer and the Guarantors, the legal, valid and binding agreement of the Issuer and the Guarantors, in accordance with its terms; and
NOW, THEREFORE, in consideration of the premises and mutual covenants herein contained and intending to be legally bound, the parties to this Second Supplemental Indenture hereby agree as follows:
ARTICLE I
Section 1.1 Capitalized Terms. Capitalized terms used herein and not otherwise defined herein are used as defined in the Indenture.
Section 1.2 Agreement to Guarantee. Each New Guarantor hereby agrees to guarantee the Issuer’s obligations under the Notes on the terms and subject to the conditions set forth in Article 10 of the Indenture. From and after the date hereof, each New Guarantor shall be a Guarantor for all purposes under the Indenture and the Notes.
Section 1.3 Incorporation of Terms of Indenture. The obligations of each New Guarantor under the Guarantee shall be governed in all respects by the terms of the Indenture and shall constitute a Guarantee thereunder. Each New Guarantor shall be bound by the terms of the Indenture as they relate to the Guarantee.
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ARTICLE II
Section 2.1 Amendment of the Notes. Any corresponding provisions reflected in the Notes shall also be deemed amended in conformity herewith.
Section 2.2 Effectiveness of Amendments. This Second Supplemental Indenture shall be effective upon execution hereof by the Issuer, the Guarantors and the Trustee.
Section 2.3 Interpretation; Severability. The Indenture shall be modified and amended in accordance with this Second Supplemental Indenture, and all the terms and conditions of both shall be read together as though they constitute one instrument, except that, in case of conflict, the provisions of this Second Supplemental Indenture will control. The Indenture, as modified and amended by this Second Supplemental Indenture, is hereby ratified and confirmed in all respects and shall bind every holder of Notes. In case of conflict between the terms and conditions contained in the Notes and those contained in the Indenture, as modified and amended by this Second Supplemental Indenture, the provisions of the Indenture, as modified by this Second Supplemental Indenture, shall control. In case any provision in this Second Supplemental Indenture shall be invalid, illegal or unenforceable, the validity, legality and enforceability of the remaining provisions shall not in any way be affected or impaired thereby.
Section 2.4 Governing Law. This Second Supplemental Indenture shall be governed by and construed in accordance with the laws of the State of New York.
Section 2.5 Counterparts. This Second Supplemental Indenture may be signed in various counterparts which together will constitute one and the same instrument.
Section 2.6 Effect of Headings. The Section headings herein are for convenience only and shall not effect the construction hereof.
Section 2.7 Trustee. The recitals contained herein are made by the Issuer and the Guarantors, and not by the Trustee, and the Trustee assumes no responsibility for the correctness thereof. The Trustee makes no representation as to the validity or sufficiency of this Second Supplemental Indenture. All rights, protections, privileges, indemnities and benefits granted or afforded to the Trustee under the Indenture shall be deemed incorporated herein by this reference and shall be deemed applicable to all actions taken, suffered or omitted by the Trustee under this Second Supplemental Indenture.
[Signature Pages Follow]
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IN WITNESS WHEREOF, the parties hereto have caused this Second Supplemental Indenture to be duly executed as of the date first above written.
| LIVE NATION ENTERTAINMENT, INC., | ||
| as Issuer | ||
| By: | /s/ Xxxxxxx X. Xxxxxx | |
| Name: | Xxxxxxx Xxxxxx | |
| Title: | Executive Vice President, | |
| General Counsel and Secretary | ||
| VECTOR MANAGEMENT LLC, as New Guarantor | ||
| By: | /s/ Xxxxxxx X. Xxxxxx | |
| Name: | Xxxxxxx Xxxxxx | |
| Title: | Vice President and Assistant Secretary | |
| VECTOR WEST, LLC, as New Guarantor | ||
| By: | /s/ Xxxxxxx X. Xxxxxx | |
| Name: | Xxxxxxx Xxxxxx | |
| Title: | Vice President and Assistant Secretary | |
Signature Page to Second Supplemental Indenture
| LN ACQUISITION HOLDCO LLC | ||
| By: | LIVE NATION ENTERTAINMENT, INC., | |
| its sole member | ||
| By: | /s/ Xxxxxxx X. Xxxxxx | |
| Name: | Xxxxxxx Xxxxxx | |
| Title: | Executive Vice President, General Counsel | |
| and Secretary | ||
| CONNECTICUT PERFORMING ARTS PARTNERS | ||
| By: | NOC, INC., a general partner | |
| By: | /s/ Xxxxx Xxxxxxx | |
| Name: | Xxxxx Xxxxxxx | |
| Title: | Executive Vice President | |
| By: | CONNECTICUT AMPHITHEATER DEVELOPMENT CORPORATION, a general partner | |
| By: | /s/ Xxxxx Xxxxxxx | |
| Name: | Xxxxx Xxxxxxx | |
| Title: | Executive Vice President | |
| NEW YORK THEATER, LLC | ||
| By: | LIVE NATION ENTERTAINMENT, INC., | |
| its sole member | ||
| By: | /s/ Xxxxxxx X. Xxxxxx | |
| Name: | Xxxxxxx Xxxxxx | |
| Title: | Executive Vice President, General Counsel | |
| and Secretary | ||
Signature Page to Second Supplemental Indenture
| XXXX XXXXXX ENTERPRISES, INC. | ||
| CELLAR DOOR VENUES, INC. | ||
| XXXX’X COMEDY INC. | ||
| CONNECTICUT AMPHITHEATER DEVELOPMENT CORPORATION | ||
| CONNECTICUT PERFORMING ARTS, INC. | ||
| EVENING STAR PRODUCTIONS, INC. | ||
| XXXXXXXXXXXXXX.XXX, INC. | ||
| EVENT MERCHANDISING INC. | ||
| FILLMORE THEATRICAL SERVICES | ||
| FLMG HOLDINGS CORP. | ||
| HOB MARINA CITY, INC. | ||
| HOUSE OF BLUES SAN DIEGO, LLC | ||
| IAC PARTNER MARKETING, INC. | ||
| LIVE NATION MARKETING, INC. | ||
| LIVE NATION MTOURS (USA), INC. | ||
| LIVE NATION TOURING (USA), INC. | ||
| LIVE NATION UTOURS (USA), INC. | ||
| LIVE NATION WORLDWIDE, INC. | ||
| MICROFLEX 2001 LLC | ||
| XXXXXXXXXX.XXX, INC. | ||
| NOC, INC. | ||
| OPENSEATS, INC. | ||
| PREMIUM INVENTORY, INC. | ||
| SHORELINE AMPHITHEATRE, LTD. | ||
| SHOW ME TICKETS, LLC | ||
| THE V.I.P. TOUR COMPANY | ||
| TICKETMASTER ADVANCE TICKETS, L.L.C. | ||
| TICKETMASTER CALIFORNIA GIFT | ||
| CERTIFICATES L.L.C. | ||
| TICKETMASTER CHINA VENTURES, L.L.C. | ||
| TICKETMASTER EDCS LLC | ||
| TICKETMASTER FLORIDA GIFT CERTIFICATES L.L.C. | ||
| TICKETMASTER GEORGIA GIFT CERTIFICATES L.L.C. | ||
| TICKETMASTER-INDIANA, L.L.C. | ||
| TICKETMASTER L.L.C. | ||
| TICKETMASTER MULTIMEDIA HOLDINGS LLC | ||
| TICKETMASTER NEW VENTURES HOLDINGS, INC. | ||
| TICKETMASTER WEST VIRGINIA GIFT | ||
| CERTIFICATES L.L.C. | ||
| XXXXXXXXXX.XXX, INC. | ||
| TICKETWEB, LLC | ||
| TM VISTA INC. | ||
| TNA TOUR II (USA) INC. | ||
| TNOW ENTERTAINMENT GROUP, INC. | ||
| By: | /s/ Xxxxx Xxxxxxx | |
| Name: | Xxxxx Xxxxxxx | |
| Title: | Executive Vice President | |
Signature Page to Second Supplemental Indenture
| HOB BOARDWALK, INC. | ||
| HOB CHICAGO, INC. | ||
| HOB ENTERTAINMENT, LLC | ||
| HOUSE OF BLUES ANAHEIM RESTAURANT CORP. | ||
| HOUSE OF BLUES CLEVELAND, LLC | ||
| HOUSE OF BLUES CONCERTS, INC. | ||
| HOUSE OF BLUES DALLAS RESTAURANT CORP. | ||
| HOUSE OF BLUES HOUSTON RESTAURANT CORP. | ||
| HOUSE OF BLUES LAS VEGAS RESTAURANT CORP. | ||
| HOUSE OF BLUES LOS ANGELES RESTAURANT CORP. | ||
| HOUSE OF BLUES MYRTLE BEACH | ||
| RESTAURANT CORP. | ||
| HOUSE OF BLUES NEW ORLEANS RESTAURANT CORP. | ||
| HOUSE OF BLUES ORLANDO RESTAURANT CORP. | ||
| HOUSE OF BLUES RESTAURANT HOLDING CORP. | ||
| HOUSE OF BLUES SAN DIEGO RESTAURANT CORP. | ||
| LIVE NATION CHICAGO, INC. | ||
| LIVE NATION CONCERTS, INC. | ||
| LIVE NATION MID-ATLANTIC, INC. | ||
| By: | /s/ Xxxxxxx X. Xxxxxx | |
| Name: | Xxxxxxx Xxxxxx | |
| Title: | President | |
| LIVE NATION MERCHANDISE, INC. | ||
| LIVE NATION TICKETING, LLC | ||
| LIVE NATION VENTURES, INC. | ||
| By: | /s/ Xxxxxxx X. Xxxxxx | |
| Name: | Xxxxxxx Xxxxxx | |
| Title: | Executive Vice President, General Counsel and Secretary | |
| LIVE NATION XXXXXX, LLC | ||
| LIVE NATION – XXXXXX VENTURES, LLC | ||
| LIVE NATION STUDIOS, LLC | ||
| MICHIGAN LICENSES, LLC | ||
| MUSICTODAY, LLC | ||
| WILTERN RENAISSANCE LLC | ||
| By: | LIVE NATION WORLDWIDE, INC., | |
| its sole member | ||
| By: | /s/ Xxxxx Xxxxxxx | |
| Name: | Xxxxx Xxxxxxx | |
| Title: | Executive Vice President | |
Signature Page to Second Supplemental Indenture
| AZOFF PROMOTIONS LLC | ||
| CAREER ARTIST MANAGEMENT LLC | ||
| ENTERTAINERS ART GALLERY LLC | ||
| FRONT LINE BCC LLC | ||
| FRONT LINE MANAGEMENT GROUP, INC. | ||
| XXX MANAGEMENT, INC. | ||
| XXXXXX ARTISTS MANAGEMENT LLC | ||
| VIP NATION, INC. | ||
| By: | /s/ Xxxxxxx X. Xxxxxx | |
| Name: | Xxxxxxx Xxxxxx | |
| Title: | Vice President and Assistant Secretary | |
| FEA MERCHANDISE INC. | ||
| SPALDING ENTERTAINMENT, LLC | ||
| By: | /s/ Xxxxxxx X. Xxxxxx | |
| Name: | Xxxxxxx Xxxxxx | |
| Title: | Vice President and Assistant Secretary | |
Signature Page to Second Supplemental Indenture
| THE BANK OF NEW YORK MELLON TRUST COMPANY, N.A., | ||||||
| as Trustee | ||||||
| By: |
| |||||
| Name: | Xxxx X. (Xxxx) Xxxxxxxx | |||||
| Title: | Authorized Signatory | |||||
Signature Page to Second Supplemental Indenture
APPENDIX I
Existing Guarantors
| FLMG HOLDINGS CORP., | ||
| IAC PARTNER MARKETING, INC., | ||
| MICROFLEX 2001 LLC, | ||
| TICKETMASTER ADVANCE TICKETS, L.L.C., | ||
| TICKETMASTER CALIFORNIA GIFT CERTIFICATES L.L.C., | ||
| TICKETMASTER CHINA VENTURES, L.L.C., | ||
| TICKETMASTER EDCS LLC, | ||
| TICKETMASTER FLORIDA GIFT CERTIFICATES L.L.C., | ||
| TICKETMASTER GEORGIA GIFT CERTIFICATES L.L.C., | ||
| TICKETMASTER L.L.C., | ||
| TICKETMASTER MULTIMEDIA HOLDINGS LLC, | ||
| TICKETMASTER NEW VENTURES HOLDINGS, INC., | ||
| TICKETMASTER WEST VIRGINIA GIFT CERTIFICATES L.L.C., | ||
| TICKETMASTER-INDIANA, L.L.C., | ||
| TM VISTA INC., | ||
| XXXXXXXXXXXXXX.XXX, INC., | ||
| XXXXXXXXXX.XXX, INC., | ||
| OPENSEATS, INC., | ||
| PREMIUM INVENTORY, INC., | ||
| SHOW ME TICKETS, LLC, | ||
| THE V.I.P. TOUR COMPANY, | ||
Appendix I
| XXXXXXXXXX.XXX, INC., |
| TNOW ENTERTAINMENT GROUP, INC., |
| TICKETWEB, LLC, |
| FRONT LINE MANAGEMENT GROUP, INC., |
| AZOFF PROMOTIONS LLC, |
| CAREER ARTIST MANAGEMENT LLC, |
| FRONT LINE BCC LLC, |
| XXX MANAGEMENT, INC., |
| ENTERTAINERS ART GALLERY LLC, |
| FEA MERCHANDISE INC., |
| XXXXXX ARTISTS MANAGEMENT LLC, |
| SPALDING ENTERTAINMENT, LLC, |
| VIP NATION, INC., |
| XXXX XXXXXX ENTERPRISES, INC., |
| CELLAR DOOR VENUES, INC., |
| XXXX’X COMEDY INC., |
| CONNECTICUT AMPHITHEATER DEVELOPMENT CORPORATION, |
| CONNECTICUT PERFORMING ARTS, INC., |
| CONNECTICUT PERFORMING ARTS PARTNERS, |
| EVENING STAR PRODUCTIONS, INC., |
| EVENT MERCHANDISING INC., |
| FILLMORE THEATRICAL SERVICES, |
| HOB BOARDWALK, INC., |
| HOB CHICAGO, INC., |
| HOB ENTERTAINMENT, LLC, |
| HOB MARINA CITY, INC., |
Appendix I
| HOUSE OF BLUES ANAHEIM RESTAURANT CORP., |
| HOUSE OF BLUES CLEVELAND, LLC, |
| HOUSE OF BLUES CONCERTS, INC., |
| HOUSE OF BLUES DALLAS RESTAURANT CORP., |
| HOUSE OF BLUES HOUSTON RESTAURANT CORP., |
| HOUSE OF BLUES LAS VEGAS RESTAURANT CORP., |
| HOUSE OF BLUES LOS ANGELES RESTAURANT CORP., |
| HOUSE OF BLUES MYRTLE BEACH RESTAURANT CORP., |
| HOUSE OF BLUES NEW ORLEANS RESTAURANT CORP., |
| HOUSE OF BLUES ORLANDO RESTAURANT CORP., |
| HOUSE OF BLUES RESTAURANT HOLDING CORP., |
| HOUSE OF BLUES SAN DIEGO, LLC, |
| HOUSE OF BLUES SAN DIEGO RESTAURANT CORP., |
| LIVE NATION XXXXXX, LLC |
| LIVE NATION CHICAGO, INC. |
| LIVE NATION CONCERTS, INC. |
| LIVE NATION – XXXXXX VENTURES, LLC |
| LIVE NATION MARKETING, INC., |
| LIVE NATION MERCHANDISE, INC., |
| LIVE NATION MID_ATLANTIC, INC., |
| LIVE NATION MTOURS (USA), INC., |
| LIVE NATION STUDIOS, LLC, |
Appendix I
| LIVE NATION TICKETING, LLC, |
| LIVE NATION TOURING (USA), INC., |
| LIVE NATION UTOURS (USA), INC., |
| LIVE NATION VENTURES, INC., |
| LIVE NATION WORLDWIDE, INC., |
| LN ACQUISITION HOLDCO LLC, |
| MICHIGAN LICENSES, LLC, |
| MUSICTODAY, LLC, |
| NEW YORK THEATER, LLC, |
| NOC, INC., |
| SHORELINE AMPHITHEATRE, LTD., |
| TNA TOUR II (USA) INC., |
| WILTERN RENAISSANCE LLC |
Appendix I
