Exhibit 10.3

 

 

 

 

THIRD SUPPLEMENTAL INDENTURE

 

Dated as of July 23, 2009

 

among

 

TICKETMASTER ENTERTAINMENT, INC.

 

The Guarantors Party Hereto

 

and

 

THE BANK OF NEW YORK MELLON,

 

as Trustee

 

 

 

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THIS THIRD SUPPLEMENTAL INDENTURE (this “Supplemental Indenture”), entered into
as of July 23, 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 named therein and the Trustee entered into
the Indenture, dated as of July 28, 2008 (the “Indenture”), relating to the
Issuer’s 10.75% Senior Notes due 2016 (the “Notes”);

 

WHEREAS, the Issuer, the guarantors named therein and the Trustee entered into
the First Supplemental Indenture, dated as of August 20, 2008 (the “First
Supplemental Indenture”), pursuant to which FLMG Holdings Corp., a Delaware
corporation, unconditionally guaranteed all of the Issuer’s obligations under
the Notes and the Indenture on the terms set forth in the Indenture;

 

WHEREAS, the Issuer, the guarantors named therein and the Trustee entered into
the Second Supplemental Indenture, dated as of April 30, 2009 (the “Second
Supplemental Indenture”), pursuant to which certain Domestic Restricted
Subsidiaries unconditionally guaranteed all of the Issuer’s obligations under
the Notes and the Indenture on the terms set forth in the Indenture;

 

WHEREAS, Front Line Management Group, Inc., a Guarantor and subsidiary of the
Issuer, has formed Morris Artists Management LLC, a Delaware limited liability
company (the “New Guarantor”), and the New Guarantor became a Domestic
Restricted Subsidiary of the Issuer;

 

WHEREAS, as a result of the formation of the New Guarantor and its subsequent
acquisition of certain assets from third parties, Sections 4.13 and 9.01 of the
Indenture require the New Guarantor to execute and deliver to the Trustee this
Supplemental Indenture pursuant to which the New Guarantor shall unconditionally
guarantee all of the Issuer’s obligations under the Notes and the Indenture on
the terms set forth in the Indenture;

 

WHEREAS, the Issuer changed its name from Ticketmaster to Ticketmaster
Entertainment, Inc. on October 29, 2008;

 

WHEREAS, the Issuer desires to amend the Notes pursuant to Section 9.01 of the
Indenture to reflect the change in the Issuer’s name and for the Trustee to
place an appropriate notation on the Notes pursuant to Section 9.05 of the
Indenture to reflect the change in the Issuer’s name;

 

WHEREAS, the Guarantors, including the New Guarantor, and the Issuer have
requested that the Trustee execute and deliver this Supplemental Indenture; and

 

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WHEREAS, all things necessary have been done to make this Supplemental
Indenture, when executed and delivered by the Guarantors, including the New
Guarantor, and the Issuer, the legal, valid and binding agreement of the
Guarantors, including the New Guarantor, and the Issuer, in accordance with its
terms.

 

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 amended or defined
herein are used as defined in the Indenture.

 

Section 2.  The Indenture shall be amended such that the defined term “Issuer”
is amended to mean Ticketmaster Entertainment, Inc.

 

Section 3.  The Trustee shall place an appropriate notation on the Notes to
reflect the change in the name of the Issuer from Ticketmaster to Ticketmaster
Entertainment, Inc.

 

Section 4.  The New Guarantor, by its execution of this Supplemental Indenture,
agrees to be a Guarantor 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 5.  This Supplemental Indenture shall be governed by and construed in
accordance with the laws of the State of New York.

 

Section 6.  This Supplemental Indenture may be signed in various counterparts
which together will constitute one and the same instrument.

 

Section 7.  This Supplemental Indenture is an amendment supplemental to the
Indenture and the Indenture, the First Supplemental Indenture, the Second
Supplemental Indenture and this Supplemental Indenture will henceforth be read
together.

 

Section 8.  The recitals contained herein are made by the Issuer and the
Guarantors, including the New Guarantor, 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.

 

 

 

 

TICKETMASTER ENTERTAINMENT, INC., as Issuer

 

 

 

 

 

 

 

By:

/s/ Brian Regan

 

 

Name:

Brian Regan

 

 

Title:

Executive Vice President

 

 

 

and Chief Financial Officer

 

 

 

 

 

 

 

 

FLMG HOLDINGS CORP.,

 

 

IAC PARTNER MARKETING, INC.,

 

 

MICROFLEX 2001 LLC,

 

 

TICKETMASTER ADVANCE TICKETS, LLC,

 

 

TICKETMASTER CALIFORNIA GIFT CERTIFICATES L.L.C.,

 

 

TICKETMASTER CHINA VENTURES, L.L.C.,

 

 

TICKETMASTER EDCS LLC,

 

 

TICKETMASTER FLORIDA GIFT CERTIFICATES L.L.C.,

 

 

TICKETMASTER GEORGIA GIFT CERTIFICATES L.L.C.,

 

 

TICKETMASTER INDIANA HOLDINGS CORP.,

 

 

TICKETMASTER L.L.C.,

 

 

TICKETMASTER MULTIMEDIA HOLDINGS LLC,

 

 

TICKETMASTER NEW VENTURES HOLDINGS, INC.,

 

 

TICKETMASTER WEST VIRGINIA GIFT CERTIFICATES L.L.C.,

 

 

TICKETMASTER-INDIANA, L.L.C.,

 

 

TM VISTA INC.,

 

 

as Guarantors

 

 

 

 

 

 

 

By:

/s/ Brian Regan

 

 

Name:

Brian Regan

 

 

Title:

Executive Vice President

 

 

 

and Chief Financial Officer

 

Signature Page to Third Supplemental Indenture

 

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ECHOMUSIC, LLC,

 

 

EVENTINVENTORY.COM, INC.,

 

 

NETTICKETS.COM, INC.,

 

 

OPENSEATS, INC.,

 

 

PACIOLAN, INC.,

 

 

PREMIUM INVENTORY, INC.,

 

 

SHOW ME TICKETS, LLC,

 

 

THE V.I.P. TOUR COMPANY,

 

 

TICKETSNOW.COM, INC.,

 

 

TNOW ENTERTAINMENT GROUP, INC.,

 

 

as Guarantors

 

 

 

 

 

 

 

By:

/s/ Brian Regan

 

 

Name:

Brian Regan

 

 

Title:

Vice President

 

 

 

 

 

 

 

 

FRONT LINE MANAGEMENT GROUP, INC.,

 

 

AZOFF PROMOTIONS LLC,

 

 

FRONT LINE BCC LLC,

 

 

ILAA, INC.,

 

 

ILA MANAGEMENT, INC.,

 

 

ENTERTAINERS ART GALLERY LLC,

 

 

MORRIS ARTISTS MANAGEMENT LLC,

 

 

as Guarantors

 

 

 

 

 

 

 

By:

/s/ Colin Hodgson

 

 

Name:

Colin Hodgson

 

 

Title:

Chief Financial Officer

 

 

 

 

 

 

 

 

FEA MERCHANDISE INC.,

 

 

SPALDING ENTERTAINMENT, LLC,

 

 

as Guarantors

 

 

 

 

 

 

 

By:

/s/ Colin Hodgson

 

 

Name:

Colin Hodgson

 

 

Title:

Treasurer

 

Signature Page to Third Supplemental Indenture

 

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TICKETWEB, LLC,

 

 

as Guarantor

 

 

 

 

 

 

 

By:

/s/ Chris Riley

 

 

Name:

Chris Riley

 

 

Title:

Senior Vice President, Deputy General Counsel and Secretary

 

Signature Page to Third Supplemental Indenture

 

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 THE BANK OF NEW YORK MELLON,

 

 

 as Trustee

 

 

 

 

By:

/s/ Sherma Thomas

 

 

Name:

Sherma Thomas

 

 

Title:

Assistant Treasurer

 

Signature Page to Third Supplemental Indenture

 

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