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EXHIBIT 10.2
AMENDMENT TO ASSET PURCHASE AGREEMENT
THIS AMENDMENT TO ASSET PURCHASE AGREEMENT (this "Amendment") is made
as of March 14, 2000 among the companies designated as Seller on the signature
page hereto (collectively, "Seller") and the company designated as Buyer on the
signature page hereto ("Buyer").
Recitals
Seller and Buyer are parties to an Asset Purchase Agreement (the
"Purchase Agreement") dated March 3, 2000 with respect to certain radio
broadcast stations, and desire to amend the Purchase Agreement as set forth
herein.
Agreement
NOW, THEREFORE, for good and valuable consideration, the receipt and
sufficiency of which is hereby acknowledged and confirmed, the parties agree as
follows:
1. Amendments. Seller and Buyer hereby amend the Purchase Agreement to
delete one station and change the Purchase Price as follows:
(a) Recital A of the Purchase Agreement is hereby amended to
delete radio station WTRY(AM), Troy, New York ("WTRY").
(b) Section 3.1(a) of the Purchase Agreement is hereby amended
to delete "One Hundred Nine Million Dollars ($109,000,000)" and insert in lieu
thereof "One Hundred Seven Million Four Hundred Six Thousand Dollars
($107,406,000)."
(c) The WTRY Purchase Agreement Schedules are hereby deleted
in their entirety.
2. Miscellaneous. Capitalized terms used herein and not defined shall
have the respective meanings set forth in the Purchase Agreement. Except as
expressly set forth herein, the Purchase Agreement has not been amended or
modified and remains in full force and effect. This Amendment may be executed in
separate counterparts each of which shall be deemed an original but which
together shall constitute one instrument.
[SIGNATURE PAGE FOLLOWS]
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SIGNATURE PAGE TO AMENDMENT TO ASSET PURCHASE AGREEMENT
IN WITNESS WHEREOF, the parties have duly executed this Amendment as of
the date first set forth above.
BUYER: CHASE RADIO PROPERTIES, LLC
By:
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Name:
Title:
SELLER:
CLEAR CHANNEL BROADCASTING, INC. CAPSTAR TX LIMITED PARTNERSHIP
CLEAR CHANNEL BROADCASTING
LICENSES, INC.
By: By:
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Name: Name:
Title: Title:
CITICASTERS CO. AMFM OHIO, INC.
By: By:
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Name: Name:
Title: Title:
CAPSTAR RADIO OPERATING COMPANY AMFM RADIO LICENSES LLC
By: By:
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Name: Name:
Title: Title:
