EXHIBIT 10.68
AMENDMENT TO WAIVER AND CONSENT AGREEMENT
This Amendment to Waiver and Consent Agreement, dated June 23, 1993 (the
"Agreement") is made and entered into effective the 28th day of May, 1996 by and
between HOB Entertainment, Inc., a Delaware corporation (the "Company"), Xxxxxx
Xxxxxxx Xxxxxx ("Xxxxxx"), Xxxxxx X. Xxxxxxx and Xxxxx X. Tigreet.
RECITALS
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The parties hereto have agreed to certain amendments to that certain Blues
Brothers Licensing Agreement. As partial consideration for Xxxxxx'x agreement to
such amendments, the Company has agreed to extend the exercise period of an
option to acquire 212,963 shares of Class A Convertible Preferred Stock granted
to Xxxxxx under the Agreement.
NOW, THEREFORE, for good and valuable consideration, the parties hereto
agree as follows;
l. Section 3 of the Agreement is hereby amended in its entirely to
hereafter read as follows:
"3. Xxxxxx Option. HOB hereby grants Xxxxxx the right to purchase
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up to 212,963 shares of its Class & Convertible Preferred Stock, at the
same purchase price offered to other investors in the Private Placement.
Such right may be exercised by Pisano at any time, in whole or in part,
until June 30, 1999."
2. The Agreement, as amended by this Amendment, is ratified and affirmed.
IN WITNESS WHEREOF the parties hereto have caused this Amendment to be
executed effective as of the date first above written.
HOB ENTERTAINMENT, INC.
/s/ X. Xxxxxxx Xxxxxx BY: /s/ Xxxxxxxxx X. Xxxxxx
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Xxxxxx Xxxxxxx Xxxxxx ITS:
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/s/ Xxxxxxx X. Xxxxxxx
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Xxxxxxx X. Xxxxxxx
/s/ Xxxxx X. Xxxxxxx
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Xxxxx X. Xxxxxxx
