Exhibit 10.2

EXECUTION COPY

 

 

SIXTH SUPPLEMENTAL INDENTURE

Dated as of May 6, 2010

Among

LIVE NATION ENTERTAINMENT, INC.,

The Guarantors Party Hereto

And

THE BANK OF NEW YORK MELLON TRUST COMPANY, N.A.,

as Trustee

 

 

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THIS SIXTH SUPPLEMENTAL INDENTURE (this “Sixth Supplemental Indenture”), entered
into as of May 6, 2010, among LIVE NATION ENTERTAINMENT, INC., a Delaware
corporation (the “New Issuer”), the guarantors listed in Appendix I attached
hereto (the “Existing Guarantors”), and the guarantors listed in Appendix II
hereto (each, a “New Guarantor,” and together with the Existing Guarantors, the
“Guarantors”), and THE BANK OF NEW YORK MELLON TRUST COMPANY, N.A., as trustee
(the “Trustee”).

RECITALS

WHEREAS, Ticketmaster Entertainment LLC, a Delaware limited liability company
(“Ticketmaster”), and Ticketmaster Noteco, Inc., a Delaware corporation
(“Noteco” and, together with Ticketmaster, the “Previous Issuers”), the Existing
Guarantors and the Trustee are parties to an Indenture, dated as of July 28,
2008, as supplemented by the First Supplemental Indenture, dated as of
August 20, 2008, the Second Supplemental Indenture, dated as of April 30, 2009,
the Third Supplemental Indenture, dated as of July 23, 2009, the Fourth
Supplemental Indenture, dated as of January 25, 2010, and the Fifth Supplemental
Indenture, dated as of April 30, 2010 (as so supplemented, the “Indenture”),
relating to the Previous Issuers’ 10.75% Senior Notes due 2016 (the “Notes”);

WHEREAS, pursuant to that certain Agreement and Plan of Merger, dated as of
May 4, 2010 between Ticketmaster and the New Issuer, Ticketmaster was merged
with and into the New Issuer on the date hereof, with the New Issuer continuing
as the surviving corporation of such merger (the “Ticketmaster Merger”);

WHEREAS, pursuant to resolutions duly adopted by the board of directors of the
New Issuer on May 4, 2010 and after giving effect to the consummation of the
Ticketmaster Merger, Noteco was merged with and into the New Issuer on the date
hereof, with the New Issuer continuing as the surviving corporation of such
merger (the “Noteco Merger” and, together with the Ticketmaster Merger, the
“Mergers”);

WHEREAS, as a result of the consummation of the Mergers, Article 5 of the
Indenture requires the New Issuer to execute and deliver to the Trustee a
supplemental indenture pursuant to which the New Issuer assumes the obligations
of the Previous Issuers under the Indenture and the Notes;

WHEREAS, Section 4.13 of the Indenture requires the New Issuer to cause each
Domestic Subsidiary that is not a Guarantor under the Notes but becomes a
guarantor under a Credit Facility to execute and deliver to the Trustee a
supplemental indenture pursuant to which such Domestic Subsidiary shall
unconditionally guarantee all of the New Issuer’s obligations under the
Indenture and the Notes;

WHEREAS, the New Issuer desires to amend the Notes pursuant to Section 9.01 of
the Indenture to reflect the assumption of the Previous Issuers’ obligations
under the Notes by the New Issuer and the addition of the New Guarantors;

WHEREAS, pursuant to Section 9.01 of the Indenture, the New Issuer, the
Guarantors and the Trustee can execute this Sixth Supplemental Indenture without
the consent of holders;

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

 

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NOW, THEREFORE, in consideration of the premises and mutual covenants herein
contained and intending to be legally bound, the parties to this Sixth
Supplemental Indenture hereby agree as follows:

ARTICLE I

Section 1.1 Capitalized Terms. Capitalized terms used herein and not otherwise
amended or defined herein are used as defined in the Indenture.

Section 1.2 Agreement of New Issuer. Pursuant to Article 5 of the Indenture, the
New Issuer, hereby expressly assumes and agrees to perform all the obligations
of the Previous Issuers under the Notes and the Indenture, including the due and
punctual payment of the principal of (and premium, if any) and interest on the
Notes and the performance of every covenant of the Indenture on the part of the
Previous Issuers to be performed or observed.

Section 1.3 Amendment of term “Issuer.” From and after the date hereof, the
Indenture shall be amended such that the defined term “Issuer” is amended to
mean Live Nation Entertainment, Inc.

Section 1.4 Notation on the Notes. Pursuant to Section 9.05 of the Indenture,
the Trustee shall place the following notation on the Notes:

“On May 6, 2010, Ticketmaster Entertainment LLC, a Delaware limited liability
(“Ticketmaster”) and Ticketmaster Noteco, Inc., a Delaware corporation (“Noteco”
and, together with Ticketmaster, the “Previous Issuers”), were separately merged
with and into Live Nation Entertainment, Inc., with the surviving corporation of
such mergers being Live Nation Entertainment, Inc. (the “New Issuer”). The New
Issuer assumed and agreed to perform on the part of the Previous Issuers the due
and punctual payment of the principal of (and premium, if any) and interest on
the Notes and the performance of every covenant of the Indenture on the part of
the Previous Issuers to be performed or observed.”

Anything herein or in the Indenture to the contrary notwithstanding, the failure
to affix the notation herein provided to any Note or to exchange any Note for a
new Note modified as herein provided shall not affect any of the rights of the
Holder of such Note.

Section 1.5 Agreement to Guarantee. Each New Guarantor hereby agrees to
guarantee the New Issuer’s obligations under the Notes on the terms and subject
to the conditions set forth in Article 10 of the Indenture. From and after the
date hereof, each New Guarantor shall be a Guarantor for all purposes under the
Indenture and the Notes.

Section 1.6 Incorporation of Terms of Indenture. The obligations of each New
Guarantor under the Guarantee shall be governed in all respects by the terms of
the Indenture and shall constitute a Guarantee thereunder. Each New Guarantor
shall be bound by the terms of the Indenture as they relate to the Guarantee.

 

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ARTICLE II

Section 2.1 Amendment of the Notes. Any corresponding provisions reflected in
the Notes shall also be deemed amended in conformity herewith.

Section 2.2 Effectiveness of Amendments. This Sixth Supplemental Indenture shall
be effective upon execution hereof by the New Issuer, the Guarantors and the
Trustee.

Section 2.3 Interpretation; Severability. The Indenture shall be modified and
amended in accordance with this Sixth Supplemental Indenture, and all the terms
and conditions of both shall be read together as though they constitute one
instrument, except that, in case of conflict, the provisions of this Sixth
Supplemental Indenture will control. The Indenture, as modified and amended by
this Sixth Supplemental Indenture, is hereby ratified and confirmed in all
respects and shall bind every holder of Notes. In case of conflict between the
terms and conditions contained in the Notes and those contained in the
Indenture, as modified and amended by this Sixth Supplemental Indenture, the
provisions of the Indenture, as modified by this Sixth Supplemental Indenture,
shall control. In case any provision in this Sixth Supplemental Indenture shall
be invalid, illegal or unenforceable, the validity, legality and enforceability
of the remaining provisions shall not in any way be affected or impaired
thereby.

Section 2.4 Governing Law. This Sixth Supplemental Indenture shall be governed
by and construed in accordance with the laws of the State of New York.

Section 2.5 Counterparts. This Sixth Supplemental Indenture may be signed in
various counterparts which together will constitute one and the same instrument.

Section 2.6 Effect of Headings. The Section headings herein are for convenience
only and shall not effect the construction hereof.

Section 2.7 Trustee. The recitals contained herein are made by the New Issuer
and the 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 Sixth 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 Sixth Supplemental Indenture.

[Signature Pages Follow]

 

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IN WITNESS WHEREOF, the parties hereto have caused this Sixth Supplemental
Indenture to be duly executed as of the date first above written.

 

LIVE NATION ENTERTAINMENT, INC., as Issuer By:  

/s/ Michael G. Rowles

Name:   Michael Rowles Title:   Executive Vice President,   General Counsel and
Secretary

 

Signature Page to Sixth Supplemental Indenture

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LN ACQUISITION HOLDCO LLC By:   LIVE NATION ENTERTAINMENT, INC.,   its sole
member By:  

/s/ Michael G. Rowles

Name:   Michael Rowles Title:   Executive Vice President, General Counsel   and
Secretary CONNECTICUT PERFORMING ARTS PARTNERS By:   NOC, INC., a general
partner By:  

/s/ Kathy Willard

Name:   Kathy Willard Title:   Executive Vice President By:   CONNECTICUT
AMPHITHEATER DEVELOPMENT CORPORATION, a general partner By:  

/s/ Kathy Willard

Name:   Kathy Willard Title:   Executive Vice President

 

Signature Page to Sixth Supplemental Indenture

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BILL GRAHAM ENTERPRISES, INC. CELLAR DOOR VENUES, INC. COBB’S COMEDY INC.

CONNECTICUT AMPHITHEATER DEVELOPMENT CORPORATION

CONNECTICUT PERFORMING ARTS, INC. EVENING STAR PRODUCTIONS, INC.
EVENTINVENTORY.COM, INC. EVENT MERCHANDISING INC. FILLMORE THEATRICAL SERVICES
FLMG HOLDINGS CORP. HOB MARINA CITY, INC. HOUSE OF BLUES SAN DIEGO, LLC IAC
PARTNER MARKETING, INC. LIVE NATION HOLDCO #1, INC. LIVE NATION HOLDCO #2, INC.
LIVE NATION MARKETING, INC. LIVE NATION MTOURS (USA), INC. LIVE NATION TOURING
(USA), INC. LIVE NATION UTOURS (USA), INC. LIVE NATION WORLDWIDE, INC. MICROFLEX
2001 LLC NETTICKETS.COM, INC. NOC, INC. OPENSEATS, INC. PREMIUM INVENTORY, INC.
SHORELINE AMPHITHEATRE, LTD. SHOW ME TICKETS, LLC THE V.I.P. TOUR COMPANY
TICKETMASTER ADVANCE TICKETS, L.L.C.

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, 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.

TICKETSNOW.COM, INC. TICKETWEB, LLC TM VISTA INC. TNA TOUR II (USA) INC. TNOW
ENTERTAINMENT GROUP, INC. By:  

/s/ Kathy Willard

Name:   Kathy Willard Title:   Executive Vice President

 

Signature Page to Sixth Supplemental Indenture

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ELECTRIC FACTORY CONCERTS, INC. HOB BOARDWALK, INC. HOB CHICAGO, INC. HOB
ENTERTAINMENT, INC.

HOUSE OF BLUES ANAHEIM RESTAURANT CORP.

HOUSE OF BLUES CLEVELAND, LLC HOUSE OF BLUES CONCERTS, INC.

HOUSE OF BLUES DALLAS RESTAURANT CORP.

HOUSE OF BLUES HOUSTON RESTAURANT CORP.

HOUSE OF BLUES LAS VEGAS RESTAURANT CORP.

HOUSE OF BLUES LOS ANGELES RESTAURANT CORP.

HOUSE OF BLUES MYRTLE BEACH RESTAURANT CORP.

HOUSE OF BLUES NEW ORLEANS RESTAURANT CORP.

HOUSE OF BLUES ORLANDO RESTAURANT CORP.

HOUSE OF BLUES RESTAURANT HOLDING CORP.

HOUSE OF BLUES SAN DIEGO RESTAURANT CORP.

LIVE NATION CHICAGO, INC. LIVE NATION CONCERTS, INC. By:  

/s/ Michael G. Rowles

Name:   Michael Rowles Title:   President LIVE NATION MERCHANDISE, INC. LIVE
NATION TICKETING, LLC LIVE NATION VENTURES, INC. By:  

/s/ Michael G. Rowles

Name:   Michael Rowles Title:   Executive Vice President, General Counsel and
Secretary LIVE NATION BOGART, LLC LIVE NATION – HAYMON VENTURES, LLC LIVE NATION
STUDIOS, LLC MICHIGAN LICENSES, LLC MUSICTODAY, LLC WILTERN RENAISSANCE LLC By:
  LIVE NATION WORLDWIDE, INC.,   its sole member By:  

/s/ Kathy Willard

Name:   Kathy Willard Title:   Executive Vice President

 

Signature Page to Sixth Supplemental Indenture

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AZOFF PROMOTIONS LLC ENTERTAINERS ART GALLERY LLC FRONT LINE BCC LLC FRONT LINE
MANAGEMENT GROUP, INC. ILAA, INC. ILA MANAGEMENT, INC. MORRIS ARTISTS MANAGEMENT
LLC By:  

/s/ Colin Hodgson

Name:   Colin Hodgson Title:   Chief Financial Officer FEA MERCHANDISE INC.
SPALDING ENTERTAINMENT, LLC By:  

/s/ Colin Hodgson

Name:   Colin Hodgson Title:   Vice President, Secretary and Treasurer

 

Signature Page to Sixth Supplemental Indenture

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THE BANK OF NEW YORK MELLON TRUST COMPANY, N.A., as Trustee By:  

/s/ Alex Briffett

  Name:   John A. (Alex) Briffett   Title:   Authorized Signatory

 

Signature Page to Sixth Supplemental Indenture

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APPENDIX I

Existing Guarantors

 

FLMG HOLDINGS CORP., IAC PARTNER MARKETING, INC., MICROFLEX 2001 LLC,
TICKETMASTER ADVANCE TICKETS, L.L.C., 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., EVENTINVENTORY.COM, INC., NETTICKETS.COM, INC., OPENSEATS, INC., PREMIUM
INVENTORY, INC., SHOW ME TICKETS, LLC, THE V.I.P. TOUR COMPANY,

 

Appendix I

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TICKETSNOW.COM, INC., TNOW ENTERTAINMENT GROUP, INC., TICKETWEB, LLC, 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, FEA MERCHANDISE INC., SPALDING ENTERTAINMENT, LLC,

 

Appendix I

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APPENDIX II

New Guarantors

 

BILL GRAHAM ENTERPRISES, INC., CELLAR DOOR VENUES, INC., COBB’S COMEDY INC.,
CONNECTICUT AMPHITHEATER DEVELOPMENT CORPORATION, CONNECTICUT PERFORMING ARTS,
INC., CONNECTICUT PERFORMING ARTS PARTNERS, ELECTRIC FACTORY CONCERTS, INC.,
EVENING STAR PRODUCTIONS, INC., EVENT MERCHANDISING INC., FILLMORE THEATRICAL
SERVICES, HOB BOARDWALK, INC., HOB CHICAGO, INC., HOB ENTERTAINMENT, INC., HOB
MARINA CITY, INC., HOUSE OF BLUES ANAHEIM RESTAURANT CORP., HOUSE OF BLUES
CLEVELAND, LLC, HOUSE OF BLUES CONCERTS, INC., HOUSE OF BLUES DALLAS RESTAURANT
CORP., HOUSE OF BLUES HOUSTON RESTAURANT CORP., HOUSE OF BLUES LAS VEGAS
RESTAURANT CORP., HOUSE OF BLUES LOS ANGELES RESTAURANT CORP.,

 

Appendix II

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HOUSE OF BLUES MYRTLE BEACH RESTAURANT CORP., HOUSE OF BLUES NEW ORLEANS
RESTAURANT CORP., HOUSE OF BLUES ORLANDO RESTAURANT CORP., HOUSE OF BLUES
RESTAURANT HOLDING CORP., HOUSE OF BLUES SAN DIEGO, LLC, HOUSE OF BLUES SAN
DIEGO RESTAURANT CORP., LIVE NATION BOGART, LLC LIVE NATION CHICAGO, INC. LIVE
NATION CONCERTS, INC. LIVE NATION – HAYMON VENTURES, LLC LIVE NATION HOLDCO #1,
INC., LIVE NATION HOLDCO #2, INC., LIVE NATION MARKETING, INC., LIVE NATION
MERCHANDISE, INC., LIVE NATION MTOURS (USA), INC., LIVE NATION STUDIOS, LLC,
LIVE NATION TICKETING, LLC, LIVE NATION TOURING (USA), INC., LIVE NATION UTOURS
(USA), INC., LIVE NATION VENTURES, INC., LIVE NATION WORLDWIDE, INC., LN
ACQUISITION HOLDCO LLC, MICHIGAN LICENSES, LLC, MUSICTODAY, LLC

 

Appendix II

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NOC, INC. SHORELINE AMPHITHEATRE, LTD., TNA TOUR II (USA) INC., WILTERN
RENAISSANCE LLC

 

Appendix II