between PAUL G. ALLEN - and - HSN, INC. MAY 20, 1997 STOCK EXCHANGE AGREEMENTStock Exchange Agreement • July 29th, 1997 • HSN Inc • Television broadcasting stations
HSN, Inc. 2501 118th Avenue North St. Petersburg, Florida 33716HSN Inc • July 29th, 1997 • Television broadcasting stations
This letter will confirm the agreement by HSN, Inc. ("HSNi") that in connection with the Stock Exchange Agreement entered into between HSNi and Paul G. Allen, dated as of today (the "Exchange Agreement"), HSNi will extend the period during which you may exercise your "Tag-Along Rights" in respect of the 306,208 shares of Ticketmaster Group, Inc. common stock covered by the Shareholders Agreement, dated as of December 15, 1993, by and among Mr. Allen, you, HG, Inc., Wells Fargo & Com- pany, Inc., Richard L. Schultz, Harold Handelsman, and Rockwood & Co. (the "Shareholders Agreement"). Regardless of when any of the transactions contemplated by the Exchange Agreement are consummated, you may exercise, and HSNi will honor, your Tag- Along Rights under the Shareholders Agreement, provided that you deliver a Tag Along Notice (as such term is defined in the Shareholders Agreement) to HSNi (Attention: Jamie Gallagher) no later than 5:00 pm, New York City time, on January 6, 1998.
