June 1, 2013 Mr. Dennis Thatcher Mission Broadcasting, Inc. 30400 Detroit Road Suite 304 Westlake, OH 44145 Re: Shared Services Agreement and Agreement for the Sale of Commercial Time for KRBC-TV, Abilene, Texas Dear Dennis: Nexstar Broadcasting, Inc....
Exhibit 10.7
June 1, 2013
Xx. Xxxxxx Xxxxxxxx
Mission Broadcasting, Inc.
00000 Xxxxxxx Xxxx
Xxxxx 000
Xxxxxxxx, XX 00000
Re: Shared Services Agreement and Agreement for the Sale of Commercial Time for KRBC-TV, Abilene, Texas
Dear Xxxxxx:
Nexstar Broadcasting, Inc. (“Nexstar”) and Mission Broadcasting, Inc. (“Mission”) are parties to (1) a Shared Services Agreement (the “SSA”) for broadcast station KRBC-TV, Abilene, Texas (“KRBC”), dated as of June 13, 2003 (as amended), the initial term of which expires as of June 12, 2013, and (2) an Agreement for the Sale of Commercial Time with respect to KRBC (the “JSA” and, collectively with the SSA, the “Agreements”), also dated as of June 13, 2003, the initial term of which also expires as of June 12, 2013. Pursuant to Section 7 of the SSA and Section 1(b) of the JSA, the term of each Agreement shall be extended for an additional ten (10) year term, unless either party provides at least six months notice of its intent to terminate such Agreement.
This letter is to confirm that neither Nexstar nor Mission has provided the requisite notice of termination for either Agreement; and it is the parties’ intent that the SSA and JSA continue in effect pursuant to the terms thereof (as amended from time to time). Accordingly, Nexstar and Mission hereby agree to extend the terms of the SSA and JSA for a period of ten years. Please confirm Mission’s agreement by signing the enclosed duplicate copy of this letter and returning it to my attention.
Thank you.
/s/ Xxxxxxxxx Xxxxx
Xxxxxxxxx Xxxxx
Vice President & General Counsel
Acknowledged and Agreed:
Mission Broadcasting, Inc.
By: /s/ Xxxxxx X. Xxxxxxxx
Title: President