EX-10.2 3 d80033ex10-2.txt AMENDMENT TO ASSET PURCHASE AGREEMENT 1 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] 2 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: ---------------------------------- Name: Title: SELLER: CLEAR CHANNEL BROADCASTING, INC. CAPSTAR TX LIMITED PARTNERSHIP CLEAR CHANNEL BROADCASTING LICENSES, INC. By: By: ------------------------------------- --------------------------------- Name: Name: Title: Title: CITICASTERS CO. AMFM OHIO, INC. By: By: ------------------------------------- --------------------------------- Name: Name: Title: Title: CAPSTAR RADIO OPERATING COMPANY AMFM RADIO LICENSES LLC By: By: ------------------------------------- --------------------------------- Name: Name: Title: Title: