EXHIBIT 10.1.3
FIRST AMENDMENT
TO
FIRST AMENDED XXXXXX XXXX INVESTMENTS, INC.
CONSULTING AGREEMENT
THIS FIRST AMENDMENT ("Amendment") is made and entered into as of this
the 31st day of July, 2001, by and between Small Town Radio, Inc., a Georgia
corporation (hereinafter referred to as the "Company"), its principals and
affiliates and Xxxxxx Xxxx Investments, Inc., a Georgia corporation, its
principals and affiliates (hereinafter referred to as "Consultant"), and amends
the First Amended Consulting Agreement dated the 16th day of April, 2001.
WHEREAS, Company has requested that Consultant consider termination of
the above noted Consulting Agreement as of this date; and
WHEREAS, Consultant is agreeable to such request under the terms herein
noted;
THEREFORE, for and in consideration of the mutual covenants and
agreements herein contained, and other good and valuable consideration, the
receipt and sufficiency of which are hereby acknowledged, the parties here to
agree as follows:
1. Engagement Term: The term of the Agreement shall terminate as of July 31,
2001.
2. Termination Fee: Company agrees to pay a one time Termination Fee equal to
one month's fee under the original agreement, which Termination Fee shall equal
Sixteen Thousand Dollars ($16,000).
3. Payment of Monies Due: Company agrees to pay the Termination Fee and all
unpaid fees, said unpaid fees approximating Two Hundred and Sixty Four Thousand
Dollars ($264,000), due to Consultant not later than the 15th Day of August,
2001.
4. Other: All conditions contained in the prior Consulting Agreement, as
amended, between Company and Consultant, such as Confidentiality and
Indemnification and Notices, remain in force and effect.
IN WITNESS WHEREOF the Company and Consultant have caused this
Amendment to be executed as the date first written above.
THE COMPANY: CONSULTANT:
By: /s/ Xxxxxx X. Xxxx By: /s/ Xxxxxx Xxxxxxxx
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Its: CFO Its: President
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