PURCHASE AND SALE AGREEMENT BY AND AMONG TELEVISION STATION GROUP HOLDINGS, LLC TELEVISION STATION GROUP, LLC TELEVISION STATION GROUP LICENSE SUBSIDIARY, LLC, WBNG, INC. AND WBNG LICENSE, INC. DATED AS OF JANUARY 13, 2006Purchase and Sale Agreement • January 17th, 2006 • Granite Broadcasting Corp • Television broadcasting stations • New York
THIS PURCHASE AND SALE AGREEMENT (this “Agreement”) is made and entered into as of January 13, 2006, by and among Television Station Group Holdings, LLC, a Delaware limited liability company (“Holdings”), Television Station Group LLC, a Delaware limited liability company (the “Company”) and Television Station Group License Subsidiary, LLC, a Delaware limited liability company (“TSG License Subsidiary;” each of TSG License Subsidiary, Holdings and the Company, individually a “Seller” and, collectively, the “Sellers”), and WBNG, Inc., a Delaware corporation (“Main Purchaser”), WBNG License, Inc., a Delaware corporation (“License Purchaser” and together with Main Purchaser, the “Purchaser”), and for purposes of Section 2.5 and Section 10.2(b)(v), Granite Broadcasting Corporation, a Delaware corporation (“GBC”).
