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EXHIBIT 2.9
AMENDMENT
THIS AMENDMENT (this "Amendment") is made as of January 12, 2001 among the
companies designated as Clear Channel on the signature page hereto (collectively
"Clear Channel") and the companies designated as Exchange Party on the signature
page hereto (collectively, "Exchange Party").
Recital
Capstar Radio Operating Company, Capstar TX Limited Partnership and Exchange
Party are parties to an Asset Exchange Agreement (the "Agreement") dated October
2, 2000, the Cash Amount portion of which has been assigned to Clear Channel
Broadcasting, Inc. and Clear Channel Broadcasting Licenses, Inc. pursuant to an
Assignment and Assumption of Transaction Documents made as of November 30, 2000,
a copy of which is attached hereto as Exhibit A. Capitalized terms used herein
and not defined shall have the meanings set forth in the Agreement.
Agreement
NOW, THEREFORE, for good and valuable consideration, the receipt and
sufficiency of which is hereby acknowledged and confirmed, the parties agree as
follows:
1. Amendments. The Agreement is hereby amended to:
(i) modify Section 4.1(b) of the Agreement to provide that Clear
Channel may elect to consummate the exchange and replacement property purchase
of the Exchange Party Station Assets relating to WMHG-AM, Muskegon, Michigan
(the "WMHG-AM Assets") in a Closing separate from the Closing of the other
Muskegon Stations, and such separate closing shall constitute a Partial Closing;
and
(ii) modify Section 4.1(b) of the Agreement to allocate a value of
$437,780.00 to the WMHG-AM Assets, and to provide that this amount shall be paid
to Exchange Party at the time of the Partial Closing of the WMHG-AM Assets.
(iii) remove the WTPA(FM) Ground Lease from Schedule 1.2(h), Excluded
Assets, as set forth on Exhibit B hereto;
(iv) add the WTPA(FM) Ground Lease to the Real Estate Contracts section
of Schedule 1.1(f), Real Property, as set forth on Exhibit C hereto;
2. Miscellaneous. Except as expressly set forth herein, the Agreement has
not been amended or modified and remains in full force and effect. Any
termination of the Agreement shall terminate this Amendment. This Amendment may
be executed in separate counterparts, each of which shall be deemed an original
and all of which shall constitute one and the same instrument.
[SIGNATURE PAGE FOLLOWS]
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SIGNATURE PAGE TO AMENDMENT
IN WITNESS WHEREOF, the parties have executed this Amendment as of the date
first set forth above.
CAPSTAR RADIO OPERATING COMPANY
CLEAR CHANNEL: CAPSTAR TX LIMITED PARTNERSHIP
By:
---------------------------------------
Name:
Title:
CLEAR CHANNEL BROADCASTING, INC.
CLEAR CHANNEL BROADCASTING LICENSES, INC.
By:
---------------------------------------
Name:
Title:
EXCHANGE PARTY: CUMULUS BROADCASTING, INC.
By:
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Name:
Title:
CUMULUS LICENSING CORP.
By:
---------------------------------------
Name:
Title:
CUMULUS WIRELESS SERVICES, INC.
By:
---------------------------------------
Name:
Title:
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Exhibit A
Assignment and Assumption of Transaction Documents
(see attached)
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Exhibit B
SCHEDULE 1.1(f)
REAL PROPERTY
OWNED REAL ESTATE
WNNK-FM/WTCY(AM) STUDIO
1. Studio building located at 0000 Xxxxx Xxxxx Xxxxxx in Harrisburg,
Pennsylvania
WNNK-FM TOWER
1. WNNK-FM Tower/Transmitter Site located at Darlington Trail and Tower
Road, Rye Township, Pennsylvania
WTCY(AM) TOWER
1. WTCY(AM) Tower/Transmitter Site located at 0xx xxx Xxxxxxxx, Xxxxxxxxxx,
Xxxxxxxxxxxx
REAL ESTATE CONTRACTS
WNCE-FM/WTPA(FM) STUDIO
* 1. Lease Agreement with Xxxxxx and Xxxxx Xxxxxx for studio located at 000
Xxxx Xxxxxxx Xxxx, Xxxxxxxxxxxxx, Xxxxxxxxxxxx
WNCE-FM TOWER
1. Ground Lease with Xxxx Xxxxxxx for tower site located at 000 Xxxxxx Xxxx
Xxxx, Xxxxxxx, Xxxxxxxxxxxx
WTPA(FM) TOWER
1. WTPA(FM) Ground Lease.
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Exhibit C
SCHEDULE 1.2(h)
EXCLUDED ASSETS
Any assets or categories of assets identified as Excluded Assets on Schedule
1.1(b).
TOWER AND STUDIO SITES
The tower site and studio site Excluded Assets shall include without
limitation all right and title and interest of Seller in and to all
real property comprising such site (whether owned or leased) and all
towers, generators, buildings, fences, and other buildings,
improvements and fixtures on such site.
