May 2, 2006
Exhibit 10.6
May 2, 2006
Bay Television, Inc.
00000 Xxxxxx Xxx Xxxx
Xxxxxxxxxxxx, Xxxxxxxx 00000
Gentlemen:
This letter confirms that in consideration of and upon the execution by Bay Television, Inc. (“Bay”) of the Release and Settlement Agreement, of even date herewith (“the Release”), between, Xxxxxxxx Broadcast Group, Inc. (“Xxxxxxxx”), Bay, The WB Television Network (“The WB”) and UPN, Xxxxxxxx Broadcast will pay to Bay Seven Hundred Fifty Thousand Dollars ($750,000), such payment to be made by reducing from Five Million Dollars ($5,000,000) to Four Million Two Hundred Fifty Thousand Dollars ($4,250,000) the obligation of Bay to make a payment to The WB, which obligation is being assigned by The WB to Xxxxxxxx pursuant to the Release.
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Sincerely yours, |
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Xxxxxxxx Broadcast Group, Inc. |
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By: |
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/s/ Xxxxx X. Xxx |
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Name: |
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Title: |
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