SECOND SUPPLEMENTAL INDENTURE Dated as of April 30, 2009 among TICKETMASTER ENTERTAINMENT, INC. The Guarantors Party Hereto and THE BANK OF NEW YORK MELLON, as Trustee
Exhibit 10.2
SECOND SUPPLEMENTAL INDENTURE
Dated as of April 30, 2009
among
TICKETMASTER ENTERTAINMENT, INC.
The Guarantors Party Hereto
and
THE BANK OF NEW YORK MELLON,
as Trustee
THIS SECOND SUPPLEMENTAL INDENTURE (this Supplemental Indenture), entered into as of April 30, 2009, among TICKETMASTER ENTERTAINMENT, INC., a Delaware corporation formerly known as Ticketmaster (the Issuer), the guarantors party hereto (the Guarantors), and THE BANK OF NEW YORK MELLON, as trustee (the Trustee).
RECITALS
WHEREAS, the Issuer, the Guarantors other than (i) FLMG Holdings Corp., a Delaware corporation (FLMG), and (ii) the entities set forth on Exhibit A (the Additional Guarantors), and the Trustee entered into the Indenture, dated as of July 28, 2008 (the Indenture), relating to the Issuers 10.75% Senior Notes due 2016 (the Notes);
WHEREAS, the Issuer, the Guarantors other than the Additional Guarantors, and the Trustee entered into the First Supplemental Indenture, dated as of August 20, 2008 (the First Supplemental Indenture), pursuant to which FLMG unconditionally guaranteed all of the Issuers obligations under the Notes and the Indenture on the terms set forth in the Indenture;
WHEREAS, the Additional Guarantors other than TicketWeb, LLC, a Delaware limited liability company (TicketWeb), became Domestic Restricted Subsidiaries of the Issuer as a result of the acquisition by FLMG of 75% of the common stock, par value $0.01 per share, of Front Line Management Group, Inc. (the Acquisition), and Sections 4.13 and 9.01 of the Indenture require the Additional Guarantors other than TicketWeb to execute and deliver to the Trustee this Supplemental Indenture pursuant to which the Additional Guarantors other than TicketWeb shall unconditionally guarantee all of the Issuers obligations under the Notes and the Indenture on the terms set forth in the Indenture;
WHEREAS, in connection with the Acquisition, the Issuer formed TicketWeb and merged TicketWeb Inc., a Delaware corporation and current guarantor under the Indenture, with and into TicketWeb; and
WHEREAS, Sections 9.01, 10.03 and 10.04 of the Indenture require TicketWeb to execute and deliver to the Trustee this Supplemental Indenture pursuant to which TicketWeb shall unconditionally guarantee all of the Issuers obligations under the Notes and the Indenture on the terms set forth in the Indenture and shall succeed to and be substituted for TicketWeb Inc. under the Indenture, and TicketWeb Inc. shall be released from all of its obligations under the Indenture;
WHEREAS, the Guarantors, Additional Guarantors and the Issuer have requested that the Trustee execute and deliver this Supplemental Indenture; and
WHEREAS, all things necessary have been done to make this Supplemental Indenture, when executed and delivered by the Guarantors, the Additional Guarantors and the Issuer, the legal, valid and binding agreement of the Guarantors, the Additional Guarantors and the Issuer, in accordance with its terms.
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AGREEMENT
NOW, THEREFORE, in consideration of the premises and mutual covenants herein contained and intending to be legally bound, the parties to this Supplemental Indenture hereby agree as follows:
Section 1. Capitalized terms used herein and not otherwise defined herein are used as defined in the Indenture.
Section 2. The Additional Guarantors, by their execution of this Supplemental Indenture, agree to be Guarantors under the Indenture and to be bound by the terms of the Indenture applicable to Guarantors, including, but not limited to, Article 10 thereof.
Section 3. TicketWeb Inc., upon execution of this Supplemental Indenture, shall be released from its obligations as a Guarantor under the Indenture.
Section 4. This Supplemental Indenture shall be governed by and construed in accordance with the laws of the State of New York.
Section 5. This Supplemental Indenture may be signed in various counterparts which together will constitute one and the same instrument.
Section 6. This Supplemental Indenture is an amendment supplemental to the Indenture and the Indenture, the First Supplemental Indenture and this Supplemental Indenture will henceforth be read together.
Section 7. The recitals contained herein are made by the Issuer, the Guarantors and Additional Guarantors and not by the Trustee, and the Trustee assumes no responsibility for the correctness thereof. The Trustee makes no representation as to the validity or sufficiency of this Supplemental Indenture. All rights, protections, privileges, indemnities and benefits granted or afforded to the Trustee under the Indenture shall be deemed incorporated herein by this reference and shall be deemed applicable to all actions taken, suffered or omitted by the Trustee under this Supplemental Indenture.
[Signature Pages Follow]
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IN WITNESS WHEREOF, the parties hereto have caused this Supplemental Indenture to be duly executed as of the date first above written.
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| TICKETMASTER ENTERTAINMENT, INC., as Issuer | |
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| By: | /s/ Brian Regan | |
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| Name: | Brian Regan |
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| Title: | Executive Vice President |
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| and Chief Financial Officer |
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| FLMG HOLDINGS CORP., | |
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| IAC PARTNER MARKETING, INC., | |
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| MICROFLEX 2001 LLC, | |
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| TICKETMASTER ADVANCE TICKETS, LLC, | |
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| TICKETMASTER CALIFORNIA GIFT CERTIFICATES L.L.C., | |
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| TICKETMASTER CHINA VENTURES, L.L.C., | |
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| TICKETMASTER EDCS LLC, | |
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| TICKETMASTER FLORIDA GIFT CERTIFICATES L.L.C., | |
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| TICKETMASTER GEORGIA GIFT CERTIFICATES L.L.C., | |
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| TICKETMASTER INDIANA HOLDINGS CORP., | |
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| TICKETMASTER L.L.C., | |
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| TICKETMASTER MULTIMEDIA HOLDINGS LLC, | |
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| TICKETMASTER NEW VENTURES HOLDINGS, INC., | |
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| TICKETMASTER WEST VIRGINIA GIFT CERTIFICATES L.L.C., | |
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| TICKETMASTER-INDIANA, L.L.C., | |
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| TM VISTA INC., | |
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| as Guarantors | |
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| By: | /s/ Brian Regan | |
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| Name: | Brian Regan |
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| Title: | Executive Vice President |
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| and Chief Financial Officer |
Signature Page to Second Supplemental Indenture
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| ECHOMUSIC, LLC, | |
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| EVENTINVENTORY.COM, INC., | |
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| NETTICKETS.COM, INC., | |
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| OPENSEATS, INC., | |
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| PACIOLAN, INC., | |
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| PREMIUM INVENTORY, INC., | |
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| SHOW ME TICKETS, LLC, | |
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| THE V.I.P. TOUR COMPANY, | |
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| TICKETSNOW.COM, INC., | |
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| TNOW ENTERTAINMENT GROUP, INC., | |
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| as Guarantors | |
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| By: | /s/ Brian Regan | |
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| Name: | Brian Regan |
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| Title: | Vice President |
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| FRONT LINE MANAGEMENT GROUP, INC., | |
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| AZOFF PROMOTIONS LLC, | |
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| FEA MERCHANDISE INC., | |
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| FRONT LINE BCC LLC, | |
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| ILAA, INC., | |
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| ILA MANAGEMENT, INC., | |
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| SPALDING ENTERTAINMENT, LLC, | |
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| ENTERTAINERS ART GALLERY LLC, | |
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| as Guarantors | |
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| By: | /s/ Colin Hodgson | |
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| Name: | Colin Hodgson |
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| Title: | Authorized Person |
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| TICKETWEB, LLC, | |
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| as Guarantor | |
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| By: | /s/ Chris Riley | |
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| Name: | Chris Riley |
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| Title: | Senior Vice President, Deputy General Counsel and Secretary |
Signature Page to Second Supplemental Indenture
| THE BANK OF NEW YORK MELLON, | ||
| as Trustee | ||
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| By: | /s/ Sherma Thomas | |
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| Name: | Sherma Thomas |
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| Title: | Assistant Treasurer |
Signature Page to Second Supplemental Indenture
EXHIBIT A
FRONT LINE MANAGEMENT GROUP, INC.
AZOFF PROMOTIONS LLC
FEA MERCHANDISE INC.
FRONT LINE BCC LLC
ILAA, INC.
ILA MANAGEMENT, INC.
SPALDING ENTERTAINMENT, LLC
TICKETWEB, LLC