ASSIGNMENT AND ASSUMPTION OF AGREEMENT
For Ten and No/100 Dollars ($10.00) and other good and valuable consideration, the receipt and
sufficiency of which are hereby acknowledged, SPANISH BROADCASTING SYSTEM, INC., a Delaware
corporation (“Assignor”), does hereby assign, transfer and convey unto SBS MIAMI BROADCAST CENTER,
INC., a Delaware corporation (“Assignee”), all right, title and interest of Assignor in and to that
certain Agreement for Purchase and Sale dated August 24, 2006 (the “Agreement”) by and between 7007
PALMETTO INVESTMENTS, LLC, a Florida limited liability company (“Seller”), and Assignor, as
amended, including all deposits paid thereunder.
Assignee joins in this Assignment for the purpose of assuming any and all of the obligations
of Assignor under the Agreement.
IN WITNESS WHEREOF, this Assignment has been duly executed by Assignor and Assignee as of this
25th day of October, 2006.
| Assignor: | |||||||||||
| Signed, sealed and delivered in the presence of: |
SPANISH BROADCASTING SYSTEM, INC., a Delaware corporation |
||||||||||
/s/ Xxxx Xxxxxx
|
By: /s/ Xxxx Xxxxxxx | ||||||||||
Print Name:
|
Name: Xxxx Xxxxxxx | ||||||||||
| Title: President & CEO | |||||||||||
/s/ Xxxxxx Xxxxxxxx |
|||||||||||
Print Name:
|
[SEAL] | ||||||||||
| Assignee: | |||||||||||
| SBS MIAMI BROADCAST CENTER, INC., a Delaware corporation |
|||||||||||
/s/ Xxxx Xxxxxx
|
By: | /s/ Ral Xxxxxxx | |||||||||
Print Name:
|
Name: Xxxx Xxxxxxx | ||||||||||
| Title: President & CEO | |||||||||||
/s/ Xxxxxx Xxxxxxxx |
|||||||||||
Print Name:
|
[SEAL] | ||||||||||
