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EXHIBIT 10(g)
ASSIGNMENT
This Assignment is made as of December 3, 1997, by and among
Xxxxx Broadcast Group Limited Partnership, a Delaware limited partnership
("Xxxxx"), and WBG License Co., L.L.C., a Delaware limited liability company
(together with Wicks, "Assignors"), and Regent Communications, Inc., a Delaware
corporation ("Assignee").
WHEREAS, Assignors and Assignee and certain others are parties
to a certain Agreement, dated as of August 13, 1997 (the "August Agreement"),
pursuant to which, inter alia, Assignors propose to assign their rights and
obligations under that certain Option Agreement, dated as of June 3, 1997, among
Southwind Broadcasting, Inc., a South Carolina corporation ("Southwind"),
Xxxxxxx X. Xxxxxx, III ("Xxxxxx"), a principal shareholder of Southwind, and
Assignors (the "Option Agreement"), and under than certain Loan commitment
Agreement, dated as of June 3, 1997, among Wicks and Southwind and Xxxxxx (the
"Loan Commitment Agreement");
NOW THEREFORE, in consideration of the mutual premises
contained herein and other good and valuable consideration, the receipt and
sufficiency of which are hereby acknowledged, the parties agree as follows:
1. Assignors hereby assign and transfer over to Assignee, and
Assignee hereby accepts such assignment and transfer to it, of, and assumes,
Assignors' rights and obligations under the Option Agreement and the Loan
Commitment Agreement.
2. This Assignment may be executed in duplicate counterparts,
but all such counterparts shall constitute one and the same instrument.
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IN WITNESS WHEREOF, the parties hereto have executed this
Assignment and Assumption as of the date first above written.
XXXXX BROADCAST GROUP LIMITED
PARTNERSHIP
By: WBG Management, Inc.,
general partner
By: ______________________________
Name:
Title:
WBG LICENSE CO., L.L.C.
By: WBG Management, Inc.,
managing member
By: ______________________________
Name:
Title:
REGENT COMMUNICATIONS, INC.
By: ______________________________
Name:
Title:
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The undersigned, Jacor Broadcasting of South Carolina , Inc.,
a Delaware corporation (formerly named Regent Broadcasting of Charleston, Inc.),
and Regent Licensee of Charleston, Inc., hereby consent to the above assignment
to and assumption by Regent Communications, Inc., and hereby relinquish and
surrender any and all rights in or to the Option Agreement and the Loan
Commitment Agreement and/or the assignment thereof contemplated by the August
Agreement.
JACOR BROADCASTING OF SOUTH CAROLINA,
INC.
By: ______________________________
Name:
Title:
REGENT LICENSEE OF CHARLESTON, INC.
By: ______________________________
Name:
Title:
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The undersigned hereby acknowledge the above assignment and
assumption.
SOUTHWIND BROADCASTING, INC.
By: _______________________________
Xxxxxxx X. Xxxxxx, III
President
________________________________
XXXXXXX X. XXXXXX, III
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