Reduction Certificate for Credit Suisse First Boston Letter of Credit No. TS-07001786 (Crown Media Holdings, Inc. and JPMorgan Chase Bank)

Summary

Crown Media Holdings, Inc., as the beneficiary, agrees to reduce the amount of an irrevocable standby letter of credit issued by Credit Suisse First Boston from $150 million to $75 million. The reduction is confirmed by a signed certificate dated December 21, 2001, and is also consented to by JPMorgan Chase Bank, acting as agent. This document formalizes the agreement to lower the available credit under the letter of credit.

EX-10.52 18 d95104ex10-52.txt EX-10.52 REDUCTION CERTIFICATE RE LETTER OF CREDIT EXHIBIT 10.52 ANNEX C to CREDIT SUISSE FIRST BOSTON LETTER OF CREDIT No. TS-07001786 REDUCTION CERTIFICATE Credit Suisse First Boston Eleven Madison Avenue New York, New York 10010 Attention: Trade Services Department, 10th Floor Re: Irrevocable Letter of Credit No. TS-07001786 Ladies and Gentlemen: The undersigned, a duly authorized officer of Crown Media Holdings, Inc., the Beneficiary under that Irrevocable Standby Letter of Credit No. TS-07001786 dated October 3, 2001 (the "Letter of Credit"), issued by Credit Suisse First Boston, in favor of the Beneficiary, hereby consents to the reduction of the amount of that Letter of Credit by $75,000,000 from $150,000,000 to $75,000,000. IN WITNESS WHEREOF, this Certificate has been executed this 21st day of December 2001. CROWN MEDIA HOLDINGS, INC. By: /s/ William Aliber ---------------------------------- Name: William Aliber Title: Chief Financial Officer Consented to this 21st day of December by JPMORGAN CHASE BANK (formerly known as THE CHASE MANHATTAN BANK), As Agent By: /s/ Garrett J. Verdone ---------------------------------- Name: Garrett J. Verdone -------------------------------- Title: Senior Vice President ------------------------------- 3