AMENDMENT OF AGREEMENT OF MERGER
AMENDMENT OF AGREEMENT OF MERGER, dated February 14, 1997, by and
among SFX Broadcasting, Inc., NOC Acquisition Corp., CADCO Acquisition Corp.,
QN Acquisition Corp., Nederlander of Connecticut, Inc., Connecticut Amphitheater
Development Corporation, QN Corp., Connecticut Performing Arts, Inc.,
Connecticut Performing Arts Partners and the Stockholders of Nederlander of
Connecticut, Inc., Connecticut Amphitheater Development Corporation and QN Corp.
listed on the signature pages annexed hereto.
WITNESSETH:
WHEREAS, the parties hereto have entered into that certain Agreement
of Merger, dated February 12, 1997 by and among the parties signature hereto
(the "Merger Agreement"); and
WHEREAS, the parties have agreed to amend the Merger Agreement on
the terms and conditions set forth herein.
NOW THEREFORE, in consideration of the mutual promises and covenants
contained herein, the parties hereto for themselves and their respective
successors and assigns, agree that the Merger Agreement shall be amended as
follows:
1. The date "February 14, 1997" set forth in Section 8.1(a) of the
Merger Agreement shall be deemed deleted and the date "March 4, 1997" shall be
substituted therefor.
2. The date "February 14, 1997" set forth in the first sentence of
Section 9.3 shall be deemed deleted and the date "March 4, 1997" shall be
substituted therefor.
3. This Agreement contains the entire understanding of the parties
with respect to the subject matter hereof and shall supersede any and all other
agreements between the parties with respect to the subject matter hereof. This
Agreement may not be changed or modified orally but only by written instrument
signed by the parties hereto. This Agreement may be executed in any number of
counterparts, each of which shall constitute one and the same instrument.
4. This Agreement shall be binding on the parties hereto, their
respective successors and assigns.
5. This Agreement shall be governed by and construed in accordance
with the laws of the State of New York.
6. Except as expressly modified by this Agreement, the Merger
Agreement is and shall remain in full force and effect.
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IN WITNESS WHEREOF, the parties have executed and delivered this
Amendment of Merger Agreement on the day and year first above written.
SFX BROADCASTING, INC. NEDERLANDER OF CONNECTICUT, INC.
By: /s/ Xxxxxx X. Xxxxx By: /s/ Xxxxxx X. Xxxxxxxxxxx
-------------------------------- ----------------------------------
Name: Xxxxxx X. Xxxxx Name: Xxxxxx X. Xxxxxxxxxxx
Title: Executive Vice President Title: President
NOC-ACQUISITION CORP. CONNECTICUT AMPHITHEATER
DEVELOPMENT CORPORATION
By: /s/ Xxxxxx X. Xxxxx By: /s/ Xxxxx Xxxxxx
-------------------------------- ----------------------------------
Name: Xxxxxx X. Xxxxx Name: Xxxxx Xxxxxx
Title: Executive Vice President Title: President
CADCO ACQUISITION CORP.
QN CORP.
By: /s/ Xxxxxx X. Xxxxx By: /s/ Xxxxxx X. Xxxxxxxxxxx
-------------------------------- ----------------------------------
Name: Xxxxxx X. Xxxxx Name: Xxxxxx X. Xxxxxxxxxxx
Title: Executive Vice President Title: President
QN-ACQUISITION CORP.
CONNECTICUT PERFORMING ARTS, INC.
By: /s/ Xxxxxx X. Xxxxx By: /s/ Xxxxxx X. Xxxxxxxxxxx
-------------------------------- ----------------------------------
Name: Xxxxxx X. Xxxxx Name: Xxxxxx X. Xxxxxxxxxxx
Title: Executive Vice President Title: President
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CONNECTICUT PERFORMING ARTS PARTNERS
By: Nederlander of Connecticut, Inc.
By: /s/ Xxxxxx X. Xxxxxxxxxxx
----------------------------------
Name: Xxxxxx X. Xxxxxxxxxxx
Title: President
By: Connecticut Amphitheater
Development Corporation
By: /s/ Xxxxx X. Xxxxxx
----------------------------------
Name: Xxxxx Xxxxxx
Title: President
STOCKHOLDERS OF NOC: STOCKHOLDERS OF CADCO:
/s/ Xxxxxx X. Xxxxxxxxxxx /s/ Xxxxx X. Xxxxxx
-------------------------------------- --------------------------------------
Xxxxxx X. Xxxxxxxxxxx Xxxxx X. Xxxxxx
/s/ Xxxxxx X. Xxxxxxxxxxx /s/ Xxxxxx Xxxxxx
-------------------------------------- --------------------------------------
Xxxxxx X. Xxxxxxxxxxx, Xx. Xxxxxx Xxxxxx
/s/ Xxxx Xxxxxxxxxxx STOCKHOLDERS OF QN CORP.:
--------------------------------------
Xxxx X. Xxxxxxxxxxx RER Corp.
/s/ Xxxxx X. Xxxxxx By: /s/ Xxxxxx X. Xxxxxxxxxxx
-------------------------------------- ----------------------------------
Xxxxx X. Xxxxxx Name: Xxxxxx X. Xxxxxxxxxxx
Title: President
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