[D&F LETTERHEAD]
March 28, 1996
Xxxxx Xxxxxxxxx
On Ice, Inc.
000 Xxxxx Xxxxxxxxx Xxxxxxxxx
Xxxxx #000
Xxx Xxxxxxx, Xxxxxxxxxx 00000
Dear Xxxxx:
In accordance with Paragraph 17 of the Agreement dated March 28, 1995, I
just wanted to confirm in writing that D&F has exercised its option to renew the
Agreement within ninety (90) days after the completion of the Tour and that moth
parties. D&F and On Ice, have agreed that all terms and conditions of said
Agreement remain the same except as provided below:
1. Under Paragraph 1.b. of the Agreement and Paragraph A.2. of Exhibit A,
both parties agree that the following skaters are acceptable if
Producer is able to secure them for the show: Xxxxxxxx Xxxxxxxx, Xxxxx
Xxxxxxxx, Xxxxx Xxxxx, and Xxxxxx Xxxxxxxx.
2. Under Paragraph A.3. of Exhibit A, the Tour dates for the A Company
shall be from December 1 through December 30, 1996.
3. Under Paragraph A.5. of Exhibit A, the television broadcast shall be on
NBC on New Year's Day, Wednesday, January 1, 1997. In addition, both
parties have consented to the two (2) year agreement reached with ESPN
to rebroadcast the 1995 Show in 1996 and the 1996 Show in 1997 for a
gross fee of $85,000 and $95,000, respectively, before deduction for
production costs and commissions.
4. Under Paragraph B.2., all arena tickets allocated to Sponsors shall be
delivered to Sponsors no later than November 1, 1996.
5. Under Paragraph D.5., in addition to the one (1) title sponsor, it is
anticipated that there may be up to fourteen (14) support sponsors, of
which four (4) may be Tour-only Sponsors without any commercial units.
6. Add a new Paragraph 4. to Exhibit B, stating as per our discussion and
agreement, Producer shall have the right to secure up to two (2) Tour
Sponsors at a full sponsorship level that includes four (4) commercial
units on the NBC Telecast. If Producer is successful in securing the
commitment from Xxxxx'x Food and/or another company not competitive
with any existing corporate sponsor, prior to June 1, then On Ice will
be entitled to retain the incremental sponsorship revenue receive per
Sponsor over and above $75,000 each, with D&F receiving a minimum of
$75,000 per Sponsor. Producer shall continue to have the right to
secure such Tour Sponsors after June 1, 1996, but only on an "as
available basis."
