Discovery Communications Letterhead] One Discovery Place Silver Spring, MD 20910 240.662.0000
EXHIBIT 10.3
[Discovery Communications Letterhead]
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World Poker Tour 0000 Xxxxxxxx Xxxx., Xxxxx 000 Xxx Xxxxxxx, XX 00000 Attn: Xxxxx Xxxxxxxx |
As of March 16, 2006 |
Re: “World Poker Tour” — Option Exercise Letter — Season 5
Dear Xxxxx:
Reference is made to (i) that certain master agreement (the “Master Agreement”) dated as of
August 22, 2003 between WORLD POKER TOUR L.L.C. (“Producer”) and THE TRAVEL CHANNEL, L.L.C.
(“TRV”); and (ii) that certain agreement attached to the Master Agreement (the “Attachment”), dated
as of August 22, 2003 between Producer and TRV in connection with the second season of the
television production currently known as the “World Poker Tour” (the “Program”), as amended through
the date hereof. The Master Agreement and the Attachment are collectively hereinafter referred to
as the “Agreement.”
Except as otherwise defined herein, capitalized terms used but not defined herein shall have
the meanings as set forth in the Agreement.
In accordance with and subject to Paragraph 4 of the Attachment, TRV hereby exercises its
Option for an Additional Series Order in connection with the fifth Season pursuant to the terms of
the Agreement, with the understanding that the Additional Series Order will be comprised of
seventeen (17) Additional Series Episodes plus three (3) Specials.
Very truly yours, TRAVEL CHANNEL, LLC. |
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By: | /s/ Xxxxxxx Xxxxxx | |||
Its: | EVP/GM Travel Channel | |||