EXHIBIT 1
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MILLENNIUM SPORTS MANAGEMENT, INC.
(f/k/a Skylands Park Management, Inc.)
Xxxx' Corner
U.S. Highway 206 & Country Xxxxx 000
X.X. Xxx 000
Xxxxxxx, Xxx Xxxxxx 00000-0000
April 28, 1998
VIA FACSIMILE AND FIRST CLASS MAIL
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Continental Stock Transfer & Trust Company
0 Xxxxxxxx
Xxx Xxxx, Xxx Xxxx 00000
Dear Sirs:
Reference is made to the Warrant Agreement between us dated as of September
24, 1993 (the "Warrant Agreement"). All capitalized terms used herein without
definition have the respective meanings ascribed to them in the Warrant
Agreement.
Pursuant to the Warrant Agreement, the Company hereby certifies that, pursuant
to due authorization of the Board of Directors of the Company, the Company has
elected to extend the Warrant Expiration Date through and including 5:00 p.m.
(New York time) on September 30, 1998, subject to the Company's right, prior to
such Warrant Expiration Date, in its sole discretion, to extend such Warrant
Expiration Date on five business days' prior written notice to the Registered
Holders; and Section 1(m) of the Warrant Agreement is hereby correspondingly
amended. No other term of the Warrants has been amended.
In accordance with Section 8(d) of the Warrant Agreement, the existing Warrant
Certificates will continue to represent the Warrants, notwithstanding the
extension described herein.
In accordance with Section 8(e) of the Warrant Agreement, the Company hereby
directs you, as Warrant Agent, to send a copy of this letter by ordinary first
class mail to each Registered Holder of Warrants at his, her or its last address
as it appears on your registry books as Warrant Agent.
Very truly yours,
MILLENNIUM SPORTS MANAGEMENT, INC.
By:_____________________________________
Xxxxx X. Xxxxxx, President
cc: A. S. Goldmen & Co., Inc.
