Option Exercise Letter for Season 4 of 'World Poker Tour' between Travel Channel, LLC and World Poker Tour, LLC

Summary

This letter from Travel Channel, LLC to World Poker Tour, LLC formally exercises the option to order a fourth season of the 'World Poker Tour' television program. Under the terms of their existing agreement, Travel Channel is requesting seventeen new episodes and three specials for the upcoming season. The letter references the original master agreement and its attachments, confirming that all terms and conditions from those documents will apply to this new season order.

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EX-10.1 2 exhibit1.htm EX-10.1 EX-10.1
         
Discovery Communications
   One Discovery Place
 
   Silver Spring, MD 20910
 
   240 ###-###-####

As of March 17, 2005

     
World Poker Tour
 
 
    
1041 North Formosa Avenue
 
    
Suite 99
West Hollywood, CA 90046
Attn: Steve Lipscomb
Re:
 


“World Poker Tour” — Option Exercise Letter — Season 4

Dear Steve:

Reference is made to (i) that certain master agreement (the “Master Agreement”) dated as of August 22, 2003 between WORLD POKER TOUR L.L.C. (“Producer”) and THE TRAVEL CHANNEL, L.L.C. (“TRV”); and (ii) that certain agreement attached to the Master Agreement (the’ “Attachment”), dated as of August 22, 2003 between Producer and TRV in connection with the second season of the television production currently known as the “World Poker Tour” (the “Program”), as amended through the date hereof. The Master Agreement and the Attachment are collectively hereinafter referred to as the “Agreement.”

Except as otherwise defined herein, capitalized terms used but not defined herein shall have the meanings as set forth in the Agreement.

In accordance with and subject to Paragraph 4 of the Attachment, TRV hereby exercises its Option for an Additional Series Order in connection with the fourth Season pursuant to the terms of the Agreement, with the understanding that the Additional Series Order will be comprised of seventeen (17) Additional Series Episodes plus three (3) Specials.

Very truly yours,

TRAVEL CHANNEL, LLC.

By: /s/ Daniel W. Russell

      V.P. Programming

Travel Channel

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