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EXHIBIT 10.29.3
Reference is made to the Asset Purchase Agreement (the "Purchase
Agreement") between Ameron Broadcasting, Inc. ("Ameron") and Capstar
Acquisition Company, Inc. ("Capstar") dated as of April 24, 1997, including
without limitation Section 12.3 of the Purchase Agreement, and to the Agreement
to Assign Construction Permit (the "Permit Agreement") between Sharepoint
Management, Inc. ("Sharepoint") and Capstar dated as of May 5, 1997. Since
Sharepoint is controlled personally by the President of Ameron who will receive
all of the Construction Permit proceeds personally, Ameron and Capstar hereby
agree that the Purchase Price (as defined in the Purchase Agreement) to be paid
under the Purchase Agreement shall be reduced on a dollar-for-dollar basis by
the amount of the purchase price to be paid under the Permit Agreement. This
letter is intended to comply with the terms of Section 12.3 of the Purchase
Agreement.
IN WITNESS WHEREOF, Ameron and Capstar have caused this letter to be
signed as of this 9th day of May, 1997.
AMERON BROADCASTING, INC.
By: /s/ Xxxxxx X. Xxxxxx
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Name: Xxxxxx X. Xxxxxx
Title: Secretary
CAPSTAR ACQUISITION COMPANY, INC.
By: /s/ Xxxxxxx X. Xxxxxxxx, Xx.
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Xxxxxxx X. Xxxxxxxx, Xx.
Vice President