Exhibit 9.1(l)
AMENDMENT NO. 11
DATED AS OF JUNE 30, 2001
TO
VOTING TRUST AGREEMENT
Amendment No. 11 dated as of June 30, 2001 (the "Amendment"), by and
between Xxxxxxx Xxxxx, Xxxxxx Xxxxxx, Xxxxxx X. Xxxxx, Xxxxxx XxXxxxxx, and
Xxxxxxx Xxxxx, as Trustee under the Agreement of Trust dated December 31, 1990
(the "Shareholders") and Xxxxxxx Xxxxx and Xxxxxxx Xxxxx, as trustees (the
"Trustees").
WHEREAS, Shareholders are registered owners of trust certificates
issued to them pursuant to that certain Voting Trust Agreement dated as of July
1, 1991, by and between the Shareholders and Trustees, as amended ("Voting Trust
Agreement");
WHEREAS, the Shareholders are owners and holders of Class B voting
common stock of Young Broadcasting Inc., a Delaware corporation (the
"Corporation");
WHEREAS, the Shareholders entered into the Voting Trust Agreement to
ensure continuity and stability of management of the Corporation and to protect
their collective interests in the Corporation;
WHEREAS, the term of the Voting Trust Agreement expires on July 1,
2001;
WHEREAS, the Shareholders deem it advisable and in their best interests
to extend the term of the Voting Trust Agreement pursuant to, and in accordance
with, Section 5.01 of the Voting Trust Agreement;
NOW, THEREFORE, for good and valuable consideration, the receipt and
sufficiency of which is acknowledged, the parties hereto agree as follows:
FIRST: All capitalized terms not otherwise defined herein shall have
the same meanings as set forth in the Voting Trust Agreement.
SECOND: Exhibit A hereto lists the shares subject to the Voting Trust
Agreement.
THIRD: The term of the Voting Trust Agreement is hereby extended for a
period of ten (10) years from the date hereof, and Section 5.01 of the Voting
Trust Agreement shall be deemed to be amended to reflect the extension of the
duration of the Voting Trust Agreement agreed to herein.
FOURTH: This Amendment shall not affect the rights or obligations of
the registered owners of trust certificates issued pursuant to the Voting Trust
Agreement that are not parties hereto.
FIFTH: Except as amended and modified hereby, the Voting Trust
Agreement shall remain in full force and effect.
SIXTH: This Amendment may be executed in counterparts by the
Shareholders and the Trustees.
SEVENTH: This Amendment shall be binding upon the parties hereto and
their respective heirs, executors, administrators, successors, and assigns.
IN WITNESS WHEREOF, the Shareholders and Trustees have executed this
Amendment as of the day and year first above written.
SHAREHOLDERS:
------------------------------
Xxxxxxx Xxxxx, as Trustee under
the Agreement of Trust dated
December 31, 1990 F/B/O Xxxxxxxxx
Xxxxx, Xxxxx Xxxxx, Xxxxxxxx
Xxxxx, and Xxxxx Xxxxx
------------------------------
Xxxxxxx Xxxxx
-------------------------------
Xxxxxx Xxxxxx
-------------------------------
Xxxxxx X. Xxxxx
-------------------------------
Xxxxxx XxXxxxxx
TRUSTEES:
-------------------------------
Xxxxxxx Xxxxx
-------------------------------
Xxxxxxx Xxxxx
Exhibit A
---------
Name of Stockholder Number of Shares
------------------- ----------------
Xxxxxx Xxxxxx 16,070
Xxxxxxx Xxxxx 6,042
Xxxxxx XxXxxxxx 4,522
Xxxxxx X. Xxxxx 4,522
Xxxxxxx Xxxxx, as Trustee under 4,522
the Agreement of Trust dated
December 31, 1990 F/B/O Xxxxxxxxx Xxxxx
Xxxxxxx Xxxxx, as Trustee under 4,522
the Agreement of Trust dated
December 31, 1990 F/B/O Xxxxx Xxxxx
Xxxxxxx Xxxxx, as Trustee under 7,100
the Agreement of Trust dated
December 31, 1990 F/B/O Xxxxxxxx Xxxxx
Xxxxxxx Xxxxx, as Trustee under 7,100
the Agreement of Trust dated
December 31, 1990 F/B/O Xxxxx Xxxxx
54,400
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