September 6, 2017
Exhibit 10.27
September 6, 2017
Xxxx Xxxxxx
CEO/President
WPT Enterprises, Inc.
0000 Xxxx Xxxxxx, Xxxxx 0000
Xxxxxx, Xxxxxxxxxx 00000
| Re: | World Poker Tour Season Fifteen etc. – Exception to Exclusive Rights |
Dear Xxxx:
We refer to the agreements, dated as of May 10, 2013 (as amended) and May 24, 2016 (collectively the “Agreements”), between WPT Enterprises, Inc. (“WPTE”) and National Sports Programming (“Fox”), pursuant to which Fox will distribute episodes of the World Poker Tour television series. Any defined terms used but not defined herein shall have the meaning set forth in the applicable Agreement.
WPTE and Fox hereby agree that Section 8 of Exhibit A of each Agreement shall be amended by inserting the following paragraph (i) after the fourth full paragraph of Section 8 of Exhibit A of the May 10, 2013 Agreement, and (ii) after subparagraph 8(g) as a new subparagraph (8(h)) in Section 8 of Exhibit A of the May 24, 2016 Agreement:
“Notwithstanding the foregoing exclusive Telecast rights, WPTE shall have the right to offer for Telecast all Episodes of each season of the (Tour) Series on an advertising video-on-demand (AVOD) basis powered by Tubi TV delivered to XXX enabled devices (e.g., Roku, Apple TV) beginning one week after Fox premieres the final Episode of such season. Once initially available pursuant to the preceding sentence, WPTE shall not be required to restrict the availability of Episodes on such applications on dates that Fox premieres the then current season of the (Tour) Series (i.e., currently Sunday nights). WPTE agrees and acknowledges that Fox shall have the right to revoke such AVOD rights with written notice to WPTE.”
Except as set forth herein, the Agreement will not otherwise be changed, altered or amended and remains in full force and effect. This letter agreement, together with the Agreements, constitutes the entire understanding and agreement between the parties with respect to the subject matter of the Agreements. If the above confirms your understanding, please signify your acceptance by signing below.
Sincerely,
NATIONAL SPORTS PROGRAMMING
By: _________________________
Name: _______________________
Title: ________________________
Agreed and Accepted by:
WPT ENTERPRISES, INC.
By: _________________________
Name: _______________________
Title: ________________________
