Document:

Employment Agreement

 EXHIBIT 10.1 
 EMPLOYMENT AGREEMENT 
 This Employment Agreement (this
“Agreement”) is entered into and effective March 18, 2011 (the “Effective Date”) by and between Live Nation Worldwide, Inc., a Delaware corporation (together with its parent, subsidiary and other affiliated entities,
“Live Nation”), and Joe Berchtold (the “Employee”). 
 WHEREAS, Live Nation and the Employee desire to enter
into an employment relationship under the terms and conditions set forth in this Agreement. 
 NOW, THEREFORE, in consideration
of the mutual covenants and agreements included in this Agreement and other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties, intending to be legally bound, agree as follows: 

 

	1.	TERM OF EMPLOYMENT. 

 The
Employee’s term of employment starts on April 18 (or such later date the parties agreed to) (the “Commencement Date”) and ends on the close of business on December 31, 2013 (the “Term”), unless terminated earlier
pursuant to the terms set forth in Section 5 below. If this Agreement is not terminated prior to the conclusion of the Term and the Agreement is not renewed in writing by Live Nation and the Employee, the Employee’s employment will no
longer be subject to the terms of this Agreement and the Employee’s employment will remain at-will, meaning either Live Nation or the Employee will have the right to terminate the Employee’s employment at any time, with or without advance
notice and with or without cause; provided, however, that any continuing obligations owed to Live Nation by the Employee in accordance with Live Nation’s Employee Handbook, Code of Business Conduct and Ethics or other policies will remain in
full force and effect. 
  

	2.	TITLE AND DUTIES; EXCLUSIVE SERVICES. 

 (a) Title and Duties. The Employee agrees to be employed by Live Nation as its Chief Operating Officer, North America, as such title may change during the Term upon mutual agreement of the parties.
The Employee will perform such job duties as are usual and customary for this position and will perform such additional services and duties as Live Nation may from time to time designate and which are consistent with this position (collectively, the
“Services”). The Employee will report to Live Nation’s Chief Executive Officer, currently Michael Rapino. The Employee agrees to abide by Live Nation’s rules, regulations and practices as adopted or modified from time to time by
Live Nation, including, without limitation, those set forth in Live Nation’s Employee Handbook and its Code of Business Conduct and Ethics. 
 (b) Exclusive Services. The Employee will devote the Employee’s full working time and efforts to the business and affairs of Live Nation. During employment with Live Nation, the Employee shall
not (i) accept any other employment or consultancy, (ii) serve on the board of directors or similar body of any other entity without the prior written consent of Live Nation’s Chief Executive Officer or (iii) engage, directly or
indirectly, in any other business activity (whether or not pursued for pecuniary advantage) that is or may be competitive with, or that might place the Employee in a competing position to, that of Live Nation. 

	3.	COMPENSATION AND BENEFITS. 

(a) Base Salary. During the Term, Live Nation will pay the Employee an annual gross base salary of $650,000 (the “Base
Salary”), less appropriate payroll deductions and all required withholdings. All payments of Base Salary are payable in regular installments in accordance with Live Nation’s normal payroll practices, as in effect from time to time and
prorated monthly or weekly or for any partial pay period of employment. The Employee will be eligible to receive annual increases in such base salary commensurate with Live Nation policy 

(b) Annual Bonus. During the Term, in addition to the Base Salary, the Employee will be eligible to receive an
annual bonus (“Bonus”) targeted at 100% of the Employee’s Base Salary, based on the achievement of performance targets to be set and determined annually by Live Nation. Live Nation reserves the right to modify any Bonus performance
target in its sole discretion due to business circumstances such as business acquisitions, business sales, accounting or non-operational circumstances. Such Bonus will be payable in a lump sum amount in the year immediately following the year in
which it was earned but no later than March 15th of
such year. The Employee’s Bonus for 2011 shall not be prorated due to the Commence Date occurring after the commencement of the year. 
 (c) Sign-On Bonus. Live Nation shall pay the Employee a one-time signing bonus in the amount of $250,000 less appropriate payroll deductions and all required withholdings, which shall be payable
within 30 days of the Commencement Date. 
 (d) Employee Benefits. During the Term, the Employee will be eligible to
participate in such group health, hospitalization, retirement, leave, vacation, disability and other insurance plans, programs and policies as are maintained or sponsored by Live Nation from time to time and in which other similarly-situated
employees of Live Nation may participate, subject to the terms and conditions of the applicable plans, programs or policies, as may be amended from time to time in Live Nation’s sole and absolute discretion. 

(e) Vacation. During the Term, the Employee will be eligible for paid vacation, subject to the applicable policies, restrictions
and conditions set forth in Live Nation’s vacation policy as it may be amended from time to time. 
 (f) Expenses.
Upon submission of proper documentation in accordance with Live Nation’s applicable expense reimbursement policies, as in effect from time to time, Live Nation will pay or reimburse the Employee for all normal and reasonable business expenses
actually incurred by the Employee in connection with the Employee’s provision of the Services. To the extent that any reimbursements paid under this paragraph are deemed to constitute taxable compensation to which Treasury Regulation
Section 1.409A-3(i)(1)(iv) would apply, such amounts, shall be paid promptly or reimbursed to the Employee promptly following the Employee’s submission of a request for such reimbursement, which request must be timely submitted, but in
each case in no event later than December 31 of the year following the year in which the expense is incurred. The amount of any such payments eligible for reimbursement in one year shall not affect the payments or expenses that are eligible for
payment or reimbursement in any other taxable year, and the Employee’s right to such payments or reimbursement shall not be subject to liquidation or exchange for any other benefit. 

  
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 (g) Equity Grant. The Employee shall be eligible to receive an equity grant in the
sole and absolute discretion of Live Nation. In the event Live Nation recommends to the Compensation Committee of the Board of Directors of Live Nation Entertainment, Inc. (the “Committee”) that the Employee be granted stock options
to purchase shares of Live Nation Entertainment, Inc. common stock, restricted stock or any other equity grant, such equity grant shall: (i) be made in the sole and absolute discretion of the Committee; (ii) be made under the terms and
conditions set forth in the applicable equity incentive plan and stock option agreement, restricted stock agreement or other agreement under which they may be issued; and (iii) in the case of stock options, have a strike price equal to the
closing price of Live Nation Entertainment, Inc.’s common stock listed on the New York Stock Exchange on the date of the grant (or such other principal stock exchange on which such shares may be traded on the date of grant or, if Live Nation
Entertainment, Inc.’s common stock is not so traded, at the fair market value of a share of the stock on the date of grant, as determined by the Committee). 
  

	4.	COVENANTS. 

 (a) Live
Nation Confidential Information. During the course of the Employee’s employment with Live Nation, Live Nation will provide the Employee with access to certain confidential information, trade secrets and other matters which are of a
confidential or proprietary nature, including, without limitation, Live Nation’s customer lists, pricing information, production and cost data, compensation and fee information, strategic business plans, budgets, financial statements,
employment pay information and data and other information Live Nation treats as confidential or proprietary (collectively, the “Confidential Information”). Live Nation provides on an ongoing basis such Confidential Information as Live
Nation deems necessary or desirable to aid the Employee in the performance of the Employee’s duties. The Employee understands and acknowledges that such Confidential Information is confidential and proprietary, and agrees not to disclose such
Confidential Information to anyone outside Live Nation except to the extent that: (i) the Employee deems such disclosure or use reasonably necessary or appropriate in connection with performing the Employee’s duties on behalf of Live
Nation; (ii) the Employee is required by order of a court of competent jurisdiction (by subpoena or similar process) to disclose or discuss any Confidential Information, provided that in such case, to the extent permitted by law, the Employee
will promptly inform Live Nation of such event, will cooperate with Live Nation in attempting to obtain a protective order or to otherwise restrict such disclosure and will only disclose Confidential Information to the minimum extent necessary to
comply with any such court order; or (iii) such Confidential Information becomes generally known to and available for use in the industries in which Live Nation does business, other than as a result of any breach by the Employee of this
Section 4(a). Except to the extent necessary to enforce the terms of this Agreement, the Employee further agrees that the Employee will not during employment and/or at any time thereafter use such Confidential Information for any purpose other
than legitimate purposes in the performance of the Employee’s duties, including, without limitation, competing, directly or indirectly, with Live Nation. At such time as the Employee ceases to be employed by Live Nation or earlier upon Live
Nation’s request, the Employee will immediately turn over to Live Nation all Confidential Information, including papers, documents, writings, electronically stored information, other property and all copies of them, provided to or created by
the Employee during the course of the Employee’s employment with Live Nation. 

  
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 (b) Third-Party Confidential Information. The Employee agrees that any confidential
or proprietary information and materials that the Employee receives from third parties in connection with or relating to the Employee’s employment with Live Nation shall also be deemed “Confidential Information” for all purposes of
this Agreement and will be subject to all limitations on use and disclosure set forth in this Agreement. The Employee will not use or disclose any such information and materials in any manner inconsistent with any of Live Nation’s obligations
towards such third party. Additionally, the Employee acknowledges the Employee’s obligation to preserve the trade secrets and confidential and proprietary information of the Employee’s prior employers. As such, the Employee must not
retain copies of any trade secret or confidential and proprietary information of any prior employer, and may not bring such materials to Live Nation or otherwise utilize or disclose the contents of such materials as part of the Employee’s work
at Live Nation.
 (c) Non-Solicitation. To further preserve the rights of Live Nation pursuant to the non-disclosure
covenant above and to protect Live Nation’s legitimate interest in the integrity of its workforce, the members of which would be unknown to the Employee absent the Employee’s employment hereunder, during the Employee’s employment with
Live Nation and for a period of twelve (12) months following the termination of the Employee’s employment with Live Nation for any reason, the Employee will not, directly or indirectly: (i) solicit or encourage any current employee to
terminate his or her employment with Live Nation; (ii) solicit or encourage any current Live Nation employee or any former Live Nation employee whose employment terminated within six months of the termination of the Employee’s employment
with Live Nation (each, a “Current or Former Employee”) to accept employment with any business, person or entity with which the Employee may be associated; or (iii) encourage or assist in any way any such business, person or entity
from taking any action which the Employee could not take individually under this Section 4(c), including, without limitation, identifying any Current or Former Employee as a potential candidate for employment therewith. 

(d) Non-Competition. To further preserve the rights of Live Nation pursuant to the covenants in this Section 4, and for the
consideration promised by Live Nation under this Agreement, during the Employee’s employment with Live Nation, the Employee will not, directly or indirectly, including, without limitation, as an owner, director, principal, agent, officer,
employee, partner, consultant or otherwise, carry on, operate, manage, control or become involved in any manner with any business, operation, corporation, partnership, association, agency or other person or entity which is in the same business as
Live Nation in any location in which Live Nation operates or has projected to operate during the Employee’s employment with Live Nation, including any area within a 50-mile radius of any such location. The foregoing shall not prohibit the
Employee from owning up to 5% of the outstanding capital stock of any publicly-held company. 
 (e) Non-Disparagement.
During the Employee’s employment with Live Nation and for a period of twelve (12) months following termination of the Employee’s employment with Live Nation for any reason, except as required by law or in the proper performance of his
duties to Live Nation, the Employee agrees that the Employee shall not publicly or privately disparage, defame or criticize Live Nation or its officers, directors, employees or representatives. If the Employee breaches the provisions of this
Section 4(e), Live Nation may appropriately respond to such disparagement, defamement or criticism without its being in violation of this Section 4(e). 

  
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 During the Employee’s employment with Live Nation and for a period of twelve
(12) months following termination of Employee’s employment for any reason, except as required by law or in the proper performance of his, her or its duties to Live Nation, Live Nation, its executive officers and directors shall not
publicly or privately disparage, defame or criticize the Employee. If Live Nation or one of its executive officers or directors breaches the provisions of this Section 4(e), the Employee may appropriately respond to such disparagement,
defamement or criticism without his being in violation of this Section 4(e). 
 (f) Written, Printed or Electronic
Material. All written, printed and electronic material, notebooks and records including, without limitation, computer disks or other data storage devices used by the Employee in performing duties for Live Nation, including any Confidential
Information and all copies thereof in any medium contained, are and shall remain the sole property of Live Nation. Upon termination of the Employee’s employment or any earlier request by Live Nation, the Employee shall promptly return all such
materials (including all copies, extracts and summaries thereof) to Live Nation. 
 (g) Reasonableness of Covenants. Live
Nation and the Employee agree that the restrictions contained in this Section 4 are reasonable in scope and duration and are necessary to protect Live Nation’s legitimate business interests and Confidential Information. If any provision of
this Section 4 as applied to any party or to any circumstance is judged by a court or arbitrator to be invalid or unenforceable, the same will in no way affect the validity or enforceability of the remainder of this Agreement. If any such
provision of this Section 4, or any part thereof, is held to be unenforceable because of the scope, duration or geographic area covered thereby, the parties agree that the court or arbitrator making such determination will have the power to
reduce the scope and/or duration and/or geographic area of such provision, and/or to delete specific words or phrases, and in its reduced form, such provision shall then be enforceable and shall be enforced. 

(h) Breach of Covenants. The parties acknowledge and agree that any breach of this Section 4 by the Employee will cause
irreparable damage to Live Nation, and upon any such breach of any provision of these covenants, Live Nation shall be entitled to injunctive relief, specific performance or other equitable relief without the need to post bond or other security
therefor; provided, however, that this Section 4(h) shall in no way limit any other remedies which Live Nation may have (including, without limitation, the right to seek monetary damages). Should the Employee violate any provision of this
Section 4, then, in addition to all other rights and remedies available to Live Nation at law or in equity, the duration of this covenant shall automatically be extended for the period of time from which the Employee began such violation until
the Employee permanently ceases such violation. 
  

	5.	TERMINATION. 

 The
Employee’s employment with Live Nation may be terminated at any time under the following circumstances: 
 (a)
Termination Without Cause or for Good Reason. Live Nation may terminate the Employee’s employment without Cause (as defined below) or the Employee may terminate the Employee’s employment for Good Reason (as defined below) at any
time during the Term. If 

  
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the Employee experiences a “separation from service” (within the meaning of Section 409A(a)(2)(A)(i) of the Internal Revenue Code of 1986, as amended (the “Code”), and
Treasury Regulation Section 1.409A-1(h)) (a “Separation from Service”) due to the termination of the Employee’s employment by Live Nation without Cause or the Employee’s termination of the Employee’s employment for Good
Reason, Live Nation shall promptly or, in the case of obligations described in clause (iv) below, as such obligations become due, pay or provide to the Employee, (i) the Employee’s earned but unpaid Base Salary accrued through the
date of such Separation from Service (the “Termination Date”), (ii) accrued but unpaid vacation time through the Termination Date, (iii) reimbursement of any business expenses incurred by the Employee prior to the Termination
Date that are reimbursable under Section 3 (f) above, (iv) any vested benefits and other amounts due to the Employee under any plan, program or policy of Live Nation, (v) a pro-rated Bonus for the calendar year in which the
Termination Date occurs and (vi) any Bonus required to be paid to the Employee pursuant to this Agreement for any calendar year ending prior to the Termination Date, to the extent payable, but not previously paid (together, the “Accrued
Obligations”). 
 In addition, subject to Section 5(f) and 7(b) below and the Employee’s execution and
non-revocation of a binding release in accordance with Section 5(g) below, in the event of the Employee’s Separation from Service with Live Nation by reason of a termination without Cause or a termination by the Employee for Good Reason,
Live Nation shall pay to the Employee in a lump-sum cash payment (less appropriate payroll deductions) within 70 days of the Employee’s Termination Date, but in no event later than March 15 of the next calendar year, provided the Employee
has executed the binding release prior to that date, an amount equal to the Employee’s then-current Base Salary times the greater of (a) the number of full months remaining in the Term as of the Termination Date, divided by 12, or
(b) one (in either case, the “Severance”). 
 (b) Resignation. The Employee may terminate his employment
by resigning at any time upon thirty (30) days’ written notice provided to Live Nation in accordance with Section 6 below; provided, however, that Live Nation may, in its sole discretion, waive such notice period without payment in
lieu thereof. Upon such a resignation, the Employee shall be entitled to receive the Accrued Obligations promptly or, in the case of benefits described in Section 5(a)(iv) above, as such obligations become due. 

(c) Death; Disability. If the Employee dies during the Term or the Employee’s employment is terminated due to his total and
permanent disability (as determined by Live Nation), the Employee or the Employee’s estate, as applicable, shall be entitled to receive the Accrued Obligations promptly or, in the case of benefits described in Section 5(a)(iv) above, as
such obligations become due. 
 (d) Cause. Live Nation may terminate the Employee’s employment immediately for Cause
by providing notice to the Employee in accordance with Section 6 below. If Live Nation terminates the Employee’s employment for Cause, the Employee shall be entitled to receive the Accrued Obligations promptly or, in the case of benefits
described in Section 5(a)(iv) above, as such obligations become due. 
 (e) Termination by Live Nation or the Employee
Upon Expiration of the Term. If the Employee’s employment with Live Nation is terminated by Live Nation or the Employee upon 

  
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expiration of the Term (including any Extension Term), the Employee shall be entitled to receive the Accrued Obligations promptly or, in the case of benefits described in Section 5(a)(iv)
above, as such obligations become due. 
 (f) Potential Six-Month Payment Delay. Notwithstanding anything to the contrary
in this Agreement, if on the Employee’s Termination Date, the Employee is a “specified employee” within the meaning of Section 409A(a)(2)(B), as determined by Live Nation in accordance with the requirements of Treasury Regulation
Section 1.409A-1(i), compensation and benefits that become payable in connection with a Separation from Service (if any), including, without limitation, any Severance payments, shall be paid to the Employee during the 6-month period following
the Employee’s Termination Date only to the extent that Live Nation reasonably determines that paying such amounts at the time or times indicated in this Agreement will not cause the Employee to incur additional taxes under Section 409A.
If the payment of any such amounts is delayed as a result of the previous sentence, then, within 30 days following the end of such 6-month period (or such earlier date upon which such amount can be paid under Section 409A without being subject
to such additional taxes, including as a result of the Employee’s death), Live Nation shall pay to the Employee (or the Employee’s beneficiary in the event of the Employee’s death) a lump-sum amount equal to the cumulative amount that
would have otherwise been payable to the Employee during such 6-month period, without interest thereon. 
 (g) Release.
The Employee’s right to receive the Severance set forth in this Section 5 is conditioned on and subject to, within 60 days of the Employee’s Termination Date, the Employee executing a general release and waiver of claims against Live
Nation, in a form prescribed by Live Nation. If the Employee does not execute such release within 60 days following the Termination Date, no Severance shall be payable under this Section 5. Such release (i) shall not contain any covenants
other than those set forth in Section 4 (confidential information, non-solicitation, non-competition, non-disparagement and written, printed or electronic material) and Section 10 (litigation and regulatory matters) of this Agreement and
such covenants shall not be modified to place additional restrictions or requirements on the Employee; and (ii) will not cause the Employee to waive any right he may have after the termination of his employment that is contemplated under this
Agreement, including, but not limited to, those rights under Sections 4(e) (non-disparagement) and 11 (indemnification and insurance; legal expenses). 
 (h) Exclusivity of Benefits. Except as expressly provided in this Section 5, the Employee acknowledges that Live Nation shall have no further obligations to the Employee following the
Termination Date, whether under this Agreement, in connection with the Employee’s employment, the termination thereof or otherwise. 
 (i) Definitions. For purposes of this Agreement: 
 “Good Reason”
shall mean: (i) a repeated failure of Live Nation to comply with a material term of this Agreement; (ii) a material reduction or diminution in Employee’s title, duties, responsibilities, authority, reporting lines or compensation;
(iii) a material geographic relocation of the Employee’s principal work location outside the greater Los Angeles, California metropolitan area; or (iv) a failure, before the first anniversary of the Commencement Date, to name the
Employee the CEO of a major division of Live Nation or provide the Employee with 

  
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another major position of Live Nation mutually agreed to by the Employee and Live Nation. Notwithstanding the foregoing, a termination of employment shall not be deemed to be for Good Reason
unless (A) the Employee gives Live Nation written notice describing the event or events which are the basis for such termination within 90 days after the event or events initially occur, (B) such grounds for termination (if susceptible to
correction) are not corrected by Live Nation within 30 days of Live Nation’s receipt of such notice and (C) the Employee terminates employment no later than 30 days after Live Nation has failed to timely correct the circumstances
constituting Good Reason in accordance with Clause (B) of this paragraph. 
 “Cause” shall mean:
(i) continued, willful and deliberate non-performance by the Employee of a material duty hereunder (other than by reason of the Employee’s physical or mental illness, incapacity or disability); (ii) the Employee’s refusal or
failure to follow lawful directives from the person to whom he reports consistent with his title and position and the terms of this Agreement; (iii) criminal conviction of the Employee, a plea of nolo contendere by the Employee or other conduct
by the Employee that, as determined in the reasonable discretion of the Board, has resulted in, or would result in, if he were retained in his position with Live Nation, material injury to the reputation or financial condition of Live Nation,
including, without limitation, commission of a theft, fraud or embezzlement or a crime of moral turpitude; (iv) a repeated breach by the Employee of any material provision of this Agreement; (v) an act or omission by the Employee
constituting a material act of willful misconduct in connection with the performance of the Employee’s duties hereunder, including, without limitation, any violation of Live Nation’s policy on sexual harassment or discrimination, or any
misappropriation of funds or property of Live Nation other than the occasional, customary and de minimis use of Live Nation property for personal purposes; or (vi) a material violation by the Employee of Live Nation’s employment policies,
including, without limitation, those set forth in Live Nation’s Employee Handbook or Live Nation’s Code of Business Conduct and Ethics. The Employee will be given 30 days after his receipt of written notice from Live Nation to cure any
Cause provisions set forth in the written notice that are susceptible to cure. 
  

	6.	NOTICES. 

 Any notice or
other communication required or permitted under this Agreement shall be effective only if it is in writing and delivered personally or sent by facsimile, e-mail or registered or certified mail, postage prepaid, addressed as follows (or if it is sent
through any other method, as agreed upon by the parties): 
 If to Live Nation: 

9348 Civic Center Drive 
 Beverly Hills, California 90210 
 Telephone: (310) 975-6875 

Attention: Lori S. Lilly 
 If to the Employee: 
 to the Employee’s most current home address on file
with Live Nation’s Human Resources Department, or to such other address as any party hereto may designate by notice to 

  
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the other in accordance with this Section 6 (with a copy to: Paul M. Ritter, Kramer Levin Naftalis & Frankel, LLP, 1177 Avenue of the Americas, New York, NY 10036), and any such
notice shall be deemed to have been given upon receipt. 
  

	7.	CERTAIN TAX CONSIDERATIONS. 

 (a) Section 409A. To the fullest extent applicable, the compensation and benefits payable under this Agreement are intended to be exempt from the definition of “nonqualified deferred
compensation” under Section 409A in accordance with one or more of the exemptions available under the final Treasury Regulations promulgated under Section 409A (the “Treasury Regulations”). To the extent that any such
compensation or benefit under this Agreement is or becomes subject to Section 409A due to a failure to qualify for an exemption from the definition of nonqualified deferred compensation in accordance with the Treasury Regulations, this
Agreement is intended to comply with the applicable requirements of Section 409A with respect to the payment of such compensation or benefits. This Agreement shall be interpreted and administered to the extent possible in a manner consistent
with the foregoing statement of intent. Notwithstanding anything herein to the contrary, the Employee expressly agrees and acknowledges that in the event that any taxes are imposed under Section 409A in respect of any compensation or
benefits payable to the Employee, whether in connection with a Separation from Service under this Agreement or otherwise, then (i) the payment of such taxes shall be solely the Employee’s responsibility, (ii) neither Live Nation, its
affiliated entities nor any of their respective past or present directors, officers, employees or agents shall have any liability for any such taxes and (iii) the Employee shall indemnify and hold harmless, to the greatest extent
permitted under law, each of the foregoing from and against any claims or liabilities that may arise in respect of any such taxes. 
 (b) Section 280G. 
 (1) Excess Parachute Payment Limitation.
Notwithstanding anything contained herein to the contrary, any payment or benefit received or to be received by the Employee in connection with a “change in control event” that would constitute a “parachute payment” (each within
the meaning of Code Section 280G), whether payable pursuant to the terms of this Agreement or any other plan, arrangements or agreement with Live Nation (collectively, the “Total Payments”), shall be reduced to the least extent
necessary, if any, so that no portion of the Total Payments shall be subject to the excise tax imposed by Code Section 4999, but only if, by reason of such reduction, the Net After-Tax Benefit (as defined below) received by the Employee as a
result of such reduction will exceed the Net After-Tax Benefit that would have been received by the Employee if no such reduction was made. If excise taxes may apply to the Total Payments, the foregoing determination will be made by a nationally
recognized accounting firm (the “Accounting Firm”) selected by the Employee and reasonably acceptable to Live Nation. The Employee will direct the Accounting Firm to submit any such determinations and detailed supporting calculations to
both the Employee and Live Nation at least 15 days prior to the payment of any amount that would, absent the reduction contemplated by this Section 7(b), constitute an “excess parachute payment” (within the meaning of Code
Section 280G). 

  
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 (2) Order of Reduction. If the Accounting Firm determines that a reduction in payments is
required by this Section 7(b), first non-cash benefits that are not equity-related shall be reduced, then equity vesting acceleration and next new equity grants shall be reduced, followed by a reduction of cash payments, including, without
limitation, the Severance, beginning with payments that would be made last in time, in all cases, (i) if and to the extent not already provided, accelerated, granted or paid, as applicable, prior to the date of such reduction, (ii) only to
the least extent necessary so that no portion thereof shall be subject to the excise tax imposed by Code Section 4999, (iii) in a manner that results in the best economic benefit to the Employee and (iv) to the extent economically
equivalent, in a pro rata manner, and Live Nation shall pay or provide such reduced amounts to the Employee in accordance with the applicable terms of the controlling agreement. 

(3) Cooperation; Expenses. If applicable, Live Nation and the Employee will each provide the Accounting Firm, as reasonably requested by
the Accounting Firm, access to and copies of any books, records and documents in their respective possessions, and otherwise cooperate with the Accounting Firm in connection with the preparation and issuance of the determinations and calculations
contemplated by this Section 7(b). The fees and expenses of the Accounting Firm for its services in connection with the determinations and calculations contemplated by this Section 7(b) will be borne by Live Nation. 

(4) Net After-Tax Benefit. “Net After-Tax Benefit” means (i) the Total Payments that the Employee becomes entitled to
receive from Live Nation which would constitute “parachute payments” within the meaning of Code Section 280G, less (ii) the amount of all federal, state and local income and employment taxes payable with respect to the Total
Payments, calculated at the maximum applicable marginal income tax rate, less (iii) the amount of excise taxes imposed with respect to the Total Payments under Code Section 4999. 

 

	8.	PARTIES BENEFITTED; ASSIGNMENT. 

 This
Agreement shall be binding upon the Employee, the Employee’s heirs and the Employee’s personal representative or representatives, and upon Live Nation and its respective successors and assigns. Neither this Agreement nor any rights or
obligations hereunder may be assigned by the Employee, other than by will or by the laws of descent and distribution. 
  

	9.	GOVERNING LAW; VENUE. 

This Agreement shall be governed by and construed in accordance with the laws of the State of California without giving effect to any
choice of law or conflict provisions or rule (whether of the State of California or any other jurisdiction) that would cause the application of the laws of any jurisdiction other than the State of California. Subject to Section 12 below,
the Employee hereby expressly consents to the personal jurisdiction of the state and federal courts located in Los Angeles, CA for any lawsuit arising from or relating to this Agreement. 

 

	10.	LITIGATION AND REGULATORY MATTERS. 

 During and after the Term, the Employee will reasonably cooperate with Live Nation in the defense or prosecution of any claims or actions now in existence or which may be brought in

  
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the future against or on behalf of Live Nation which relate to events or occurrences that transpired while the Employee was employed by Live Nation. The Employee’s cooperation in connection
with such claims or actions shall include, without limitation, being available to meet with counsel to prepare for discovery or trial and to act as a witness on behalf of Live Nation at mutually convenient times. During and after the Employee’s
employment, the Employee also shall reasonably cooperate with Live Nation in connection with any investigation or review of any federal, state or local regulatory authority as any such investigation or review relates to events or occurrences that
transpired while the Employee was employed by Live Nation. If any such cooperation occurs after the Employee’s termination of employment with Live Nation, then Live Nation take into account the Employee’s personal and other business
commitments and shall reimburse the Employee for all reasonable costs and expenses incurred in connection with the Employee’s performance under this Section 10. 

 

	11.	INDEMNIFICATION AND INSURANCE; LEGAL EXPENSES. 

 Live Nation shall indemnify the Employee to the fullest extend permitted by law, in effect at the time of the subject act or omission, and shall advance to the Employee reasonable attorneys’ fees and
expenses as such fees and expenses are incurred (subject to an undertaking from the Employee to repay such advances if it shall be finally determined by a judicial decision which is not subject to further appeal that the Employee was not entitled to
the reimbursement of such fees and expenses), and the Employee will be entitled to the protection of any insurance policies that Live Nation may elect to maintain generally for the benefit of its directors and officers against all costs, charges and
expenses incurred or sustained by him in connection with any action, suit or proceeding to which he may be made a party by reason of his being or having been a director, officer or employee of Live Nation or any of its subsidiaries, or his serving
or having served any other enterprise as director, officer or employee at the request of Live Nation (other than any dispute, claim or controversy arising under or relating to this Agreement). Live Nation covenants to maintain during the
Employee’s employment for the benefit of the Employee (it his capacity as an officer and/or director of Live Nation) directors’ and officers’ insurance providing benefits to the Employee no less favorable, taken as a whole, than the
benefits provided to the other similarly-situation employees of Live Nation by the directors’ and officers’ insurance maintained by Live Nation on the date hereof; provided, however, that he Board may elect to terminate directors’ and
officers’ insurance for all officers and directors, including the Employee, if the Board determines in good faith that such insurance is not available or is available only at unreasonable expense. 

 

	12.	ARBITRATION. 

 The parties
agree that any dispute, controversy or claim, whether based on contract, tort, statute, discrimination, retaliation or otherwise, relating to, arising from or connected in any manner to this Agreement, or to any alleged breach of this Agreement, or
arising out of or relating to the Employee’s employment or termination of employment, shall, upon the timely written request of either party be submitted to and resolved by binding arbitration. The arbitration shall be conducted in Los Angeles,
California. The arbitration shall proceed in accordance with the National Rules for Resolution of Employment Disputes of the American Arbitration Association (the “AAA”) in effect at the time the claim or dispute arose, unless other rules
are agreed upon by the parties. Unless otherwise agreed to by the parties in writing, the 

  
 -11-

 
arbitration shall be conducted by one arbitrator who is a member of the AAA and who is selected pursuant to the methods set out in the National Rules for Resolution of Employment Disputes of the
AAA. Any claims received after the applicable/relevant statute of limitations period has passed shall be deemed null and void. The award of the arbitrator shall be a reasoned award with findings of fact and conclusions of law. Either party may bring
an action in any court of competent jurisdiction to compel arbitration under this Agreement, to enforce an arbitration award and to vacate an arbitration award. However, in actions seeking to vacate an award, the standard of review to be applied by
said court to the arbitrator’s findings of fact and conclusions of law will be the same as that applied by an appellate court reviewing a decision of a trial court sitting without a jury. Live Nation will pay the actual costs of arbitration
excluding attorneys’ fees, to the extent required by law. Each party will pay its own attorneys’ fees and other costs incurred by their respective attorneys. 
  

	13.	REPRESENTATIONS AND WARRANTIES OF THE EMPLOYEE. 

 The Employee represents and warrants to Live Nation that: (i) the Employee is under no contractual or other restriction which is inconsistent with the execution of this Agreement, the performance of
the Employee’s duties hereunder or the other rights of Live Nation hereunder; (ii) the Employee is under no physical or mental disability that would hinder the performance of the Employee’s duties under this Agreement; and
(iii) the Employee’s execution of this Agreement and performance of the Services under this Agreement will not violate any obligations that the Employee may have to any other or former employer, person or entity, including any obligations
to keep in confidence proprietary information, knowledge or data acquired by the Employee in confidence or in trust prior to becoming an employee of Live Nation. The Employee further represents, warrants and covenants that the Employee will not
disclose to Live Nation, or use in connection with the Employee’s activities as an employee of Live Nation, or induce Live Nation to use, any proprietary or confidential information or trade secrets of the Employee or any third party at any
time, including, without limitation, any proprietary, confidential information or trade secrets of any former employer. 
  

	14.	MISCELLANEOUS. 

 (a)
Amendment. The terms of this Agreement may not be amended or modified other than by a written instrument executed by the parties hereto or their respective successors. 
 (b) Withholding. Live Nation shall withhold from any amounts payable under this Agreement all federal, state, local and/or foreign taxes, as Live Nation determines to be legally required pursuant
to any applicable laws or regulations. 
 (c) No Waiver. Failure by either party hereto to insist upon strict compliance
with any provision of this Agreement or to assert any right such party may have hereunder shall not be deemed to be a waiver of such provision or right or any other provision or right of this Agreement. A waiver of the breach of any term or
condition of this Agreement shall not be deemed to constitute a waiver of any subsequent breach of the same or any other term or condition. 

  
 -12-

 (d) Severability. The invalidity or unenforceability of any provision of this
Agreement shall not affect the validity or enforceability of any other provision of this Agreement. If any provision of this Agreement, or the application thereof to any person or circumstance, shall, for any reason and to any extent, be held
invalid or unenforceable, such invalidity and unenforceability shall not affect the remaining provisions hereof or the application of such provisions to other persons or circumstances, all of which shall be enforced to the greatest extent permitted
by law. 
 (e) Construction. The parties hereto acknowledge and agree that each party has reviewed and negotiated the
terms and provisions of this Agreement and has had the opportunity to contribute to its revision. Accordingly, any rule of construction to the effect that ambiguities are resolved against the drafting party shall not be employed in the
interpretation of this Agreement. Rather, the terms of this Agreement shall be construed fairly as to all parties hereto and not in favor or against any party by the rule of construction abovementioned. 

(f) Assignment. This Agreement is binding on and for the benefit of the parties hereto and their respective successors, heirs,
executors, administrators and other legal representatives. Neither this Agreement nor any right or obligation hereunder may be assigned by the Employee. 
 (g) Entire Agreement. As of the Effective Date, this Agreement constitutes the final, complete and exclusive agreement and understanding between Live Nation and the Employee with respect to the
subject matter hereof and replaces and supersedes any and all other agreements, offers or promises, whether oral or written, made to the Employee by Live Nation or any representative thereof. 

(h) Counterparts. This Agreement may be executed in several counterparts, each of which shall be deemed an original, but all of
which shall constitute one and the same instrument. 
 (i) Captions. The captions of this Agreement are not part of the
provisions hereof, rather they are included for convenience only and shall have no force or effect. 
 [Remainder of Page
Intentionally Left Blank] 

  
 -13-

 THE EMPLOYEE ACKNOWLEDGES THAT THE EMPLOYEE (I) HAS BEEN ADVISED BY LIVE NATION TO
CONSULT WITH LEGAL COUNSEL CONCERNING THIS AGREEMENT AND HAS HAD THE OPPORTUNITY TO DO SO, (II) HAS READ AND UNDERSTANDS THIS AGREEMENT, (III) IS FULLY AWARE OF THE LEGAL EFFECT OF THIS AGREEMENT AND (IV) HAS ENTERED INTO IT FREELY BASED ON THE
EMPLOYEE’S OWN JUDGMENT AND NOT ON ANY REPRESENTATIONS OR PROMISES OTHER THAN THOSE CONTAINED IN THIS AGREEMENT. 
 IN
WITNESS WHEREOF, the parties have duly executed and delivered this Agreement effective as of the date first written above. 
  

									
		 		 		 	THE EMPLOYEE
				
	Date:	 	 18 March 2011
	 		 	 /s/ Joe Berchtold

		 		 		 	Joe Berchtold
				
		 		 		 	LIVE NATION WORLDWIDE, INC.
					
	Date:	 	  
	 		 	By:	 	 /s/ Michael Rapino

		 		 		 	Name:	 	Michael Rapino
		 		 		 	Title:	 	President and Chief Executive Officer

  
 -14-Amendment No.1

 EXHIBIT 10.2 
 AMENDMENT NO. 1 
 THIS AMENDMENT NO. 1, dated as of
June 29, 2012 (this “Amendment No. 1”), is entered into by and among LIVE NATION ENTERTAINMENT, INC., a Delaware corporation (the “Parent Borrower”), the relevant Credit Parties identified herein,
the lenders party hereto (collectively, the “Lenders”; and each individually, a “Lender”), and JPMorgan Chase Bank, N.A., as administrative agent for the Lenders (in such capacity, the “Administrative
Agent”). 
 W I T N E S S E T H 

WHEREAS, the Borrowers and the Guarantors (each as identified therein), the Administrative Agent, and certain other agents and
lenders named therein entered into that certain Credit Agreement, dated as of May 6, 2010 (as amended, supplemented or otherwise modified from time to time pursuant to the terms thereof, the “Credit Agreement”) pursuant to
which the Lenders made certain loans and certain other extensions of credit to the Borrowers; and 
 WHEREAS, the parties
hereto intend to amend the Credit Agreement as set forth herein; 
 NOW, THEREFORE, in consideration of the agreements
hereinafter set forth, and for other good and valuable consideration, the receipt and adequacy of which are hereby acknowledged, the parties hereto agree as follows: 
 SECTION 1 
 DEFINITIONS 

1.1 Certain Definitions. The following terms (whether or not underscored) when used in this Amendment No. 1 shall have
the following meanings (such meanings to be equally applicable to the singular and plural form thereof): 
 (a) “Credit
Agreement” shall have the meaning assigned to such term in the recitals hereto. 
 (b) “Amendment Date”
shall mean the first date on which all conditions set forth in Section 3 of this Amendment No. 1 are satisfied, which date was June 29, 2012. 
 1.2 Other Definitions. Unless otherwise defined or the context otherwise requires, capitalized terms for which meanings are not provided herein shall have the meanings ascribed such terms in
the Credit Agreement. 

 SECTION 2 
 AMENDMENTS 
 2.1 Amendment to Credit Agreement.
Subject to the satisfaction of the closing conditions set forth in Section 3 below, from and after the Amendment Date, the Credit Agreement is amended as follows: 
 (i) The definitions “Amendment No. 1” and “Amendment No. 1 Effective Date” shall be added in appropriate alphabetical order to read as follows: 

“‘Amendment No. 1’ means Amendment No. 1 to this Credit Agreement, dated as of June 29, 2012, among
the Borrower, the other Credit Parties identified therein, the Lenders party thereto and the Administrative Agent. 

‘Amendment No. 1 Effective Date’ means June 29, 2012.”; 

(ii) The definition of the term “Applicable Percentage” in Section 1.01 of the Credit Agreement is hereby replaced in its
entirety with the following: 
 “Applicable Percentage” means (i) with respect to Revolving Loans,
Swingline Loans, B/A Drawings, Letter of Credit Fees and Term A Loans, the percentages per annum in the first table below and (ii) with respect to Term B Loans, the following percentages per annum in the second table below: 

APPLICABLE PERCENTAGES FOR REVOLVING LOANS, SWINGLINE LOANS, 

B/A DRAWINGS, LETTER OF CREDIT FEES AND TERM A LOANS 

 

							
	 Pricing Level
	  	 Consolidated Total Leverage Ratio
	  	 Eurodollar Rate Loans, B/A Drawings
and
 Letter of Credit Fees
	  	 Base Rate Loans

	 I
	  	< 1.50:1.00	  	2.00%	  	1.00%
	 II
	  	3 1.50 but < 2.00:1.00	  	2.25%	  	1.25%
	 III
	  	3 2.00 but < 2.50:1.00	  	2.50%	  	1.50%
	 IV
	  	3 2.50 but < 3.00:1.00	  	2.75%	  	1.75%
	 V
	  	3 3.00:1.00 but < 4.00:1.00	  	3.00%	  	2.00%
	 VI
	  	3 4.00:1.00	  	3.25%	  	2.25%

  

  
 [Amendment No.
1] 

 APPLICABLE PERCENTAGES FOR TERM B LOANS 

 

							
	 Pricing Level
	  	 Consolidated Total
Leverage Ratio
	  	 Eurodollar Rate Loans
	  	 Base Rate Loans

	 I
	  	< 2.75:1.00	  	2.75%	  	1.75%
	 II
	  	3 2.75:1.00 but <4.00:1.00	  	3.00%	  	2.00%
	 III
	  	3 4.00:1.00	  	3.25%	  	2.25%

 Applicable Percentages for Revolving Loans, Swingline Loans, B/A Drawings, Letter of Credit Fees, Term A
Loans and Term B Loans will be based on the Consolidated Total Leverage Ratio as set forth in the most recent Compliance Certificate received by the Administrative Agent pursuant to Section 7.02(b). Any increase or decrease in such
Applicable Percentage resulting from a change in the Consolidated Total Leverage Ratio shall become effective on the first Business Day immediately following the date a Compliance Certificate is delivered pursuant to Section 7.02(b);
provided, however, that if (i) a Compliance Certificate is not delivered when due in accordance therewith or (ii) an Event of Default pursuant to Section 9.01(a), (f) or (h) has occurred
and is continuing, then, (x) with respect to Revolving Loans, Swingline Loans, B/A Drawings, Letter of Credit Fees and Term A Loans, in the case of clause (i), pricing level VI shall apply as of the first Business Day after the date on
which such Compliance Certificate was required to have been delivered until the first Business Day immediately following delivery thereof, and in the case of clause (ii) pricing level VI shall apply as of the first Business Day after the
occurrence of such Event of Default until the first Business Day immediately following the cure or waiver of such Event of Default and (y) with respect to Term B Loans, in the case of clause (i), pricing level III shall apply as of the
first Business Day after the date on which such Compliance Certificate was required to have been delivered until the first Business Day immediately following delivery thereof, and in the case of clause (ii) pricing level III shall apply
as of the first Business Day after the occurrence of such Event of Default until the first Business Day immediately following the cure or waiver of such Event of Default. 
 Determinations by the Applicable Agent of the appropriate pricing level shall be conclusive absent manifest error. 
 In the event that any financial statement or Compliance Certificate delivered pursuant to Section 7.01 or 7.02 is shown to be inaccurate (regardless of whether this Credit Agreement or
the Commitments are in effect or any Loans are outstanding when such inaccuracy is discovered), and such inaccuracy, if corrected, would have led to the application of a higher Applicable Percentage for any period (an “Applicable
Period”) than the Applicable Percentage applied for such Applicable Period, and only in such case, then the Parent Borrower shall immediately (i) deliver to the Administrative Agent a corrected Compliance Certificate for such
Applicable Period, (ii) determine the Applicable Percentage for such Applicable Period based upon the corrected Compliance Certificate, and (iii) immediately pay to the Applicable Agent the accrued additional interest owing as a result of
such increased Applicable Percentage for such Applicable Period, which payment shall be promptly applied by the Applicable Agent in accordance with Section 2.11. The rights of the Applicable Agent and Lenders pursuant to this paragraph
are in addition to rights of the Applicable Agent and Lenders with respect to Sections 2.08(b) and 9.02 and other of their respective rights under the Credit Documents. 

 

  
 [Amendment No.
1] 

 (iii) The definition of “Change in Law” in Section 1.01 of the Credit
Agreement is hereby amended by adding at the end of such definition “; provided, that (x) the Dodd-Frank Wall Street Reform and Consumer Protection Act and all requests, rules, guidelines or directives thereunder or issued in
connection therewith and (y) all requests, rules, guidelines or directives promulgated by the Bank for International Settlements, the Basel Committee on Banking Supervision (or any successor or similar authority) or the United States regulatory
authorities, in each case pursuant to Basel III, shall in each case, be deemed to have been introduced or adopted after the date hereof, regardless of the date enacted or adopted”; 

(iv) The definition of “Consolidated EBITDA” in Section 1.01 of the Credit Agreement is hereby amended by inserting in
clause (k) thereof the words “15% of Consolidated EBITDA (calculated before giving effect to any adjustments pursuant to this clause (k)) in any four quarter period ending thereafter; provided further that the aggregate amount to be added
to Consolidated EBITDA pursuant to this clause (k) after the Amendment No. 1 Effective Date shall not exceed $100 million” in place of the words “$10.0 million in any four quarter period ending thereafter”. 

(v) Section 8.10(a) of the Credit Agreement is hereby amended by replacing the table in such Section in its entirety with the
following: 
  

			
	 Fiscal Quarter Ending
	  	Consolidated Total Leverage Ratio
	 June 30, 2012
	  	4.50:1.00
	 September 30, 2012
	  	4.50:1.00
	 December 31, 2012
	  	4.50:1.00
	 March 31, 2013
	  	4.50:1.00
	 June 30, 2013
	  	4.50:1.00
	 September 30, 2013
	  	4.50:1.00
	 December 31, 2013
	  	4.50:1.00
	 March 31, 2014
	  	4.25:1.00
	 June 30, 2014
	  	4.25:1.00
	 September 30, 2014
	  	4.25:1.00
	 December 31, 2014
	  	4.25:1.00
	 March 31, 2015
	  	4.00:1.00
	 June 30, 2015
	  	4.00:1.00
	 September 30, 2015
	  	4.00:1.00
	 December 31, 2015
	  	4.00:1.00
	 March 31, 2016 and each fiscal quarter end thereafter
	  	3.75:1.00

 (vi) The definition of “Credit Documents” is amended and restated in its entirety to read as
follows: 
  

  
 [Amendment No.
1] 

 “‘Credit Documents’ means this Credit Agreement, Amendment No. 1,
the Notes, the Collateral Documents, the Engagement Letter, the Administrative Agent Fee Letter, the Issuer Documents, the Joinder Agreements, any Foreign Borrower Agreements, any Foreign Borrower Terminations, any Revolving Lender Joinder
Agreement, any Guarantee and any Incremental Term Loan Joinder Agreement.” 
 2.2 Effect of Amendment. Except
as modified hereby, all of the terms and provisions of the other Loan Documents remain in full force and effect. To the extent that any conflict may exist between the provisions of this Amendment No. 1 and the provisions of the Credit
Agreement, then this Amendment No. 1 shall control. 
 SECTION 3 

CLOSING CONDITIONS 
 3.1 Conditions Precedent. This Amendment No. 1 shall become effective as of the Amendment Date upon: 
 (a) receipt by the Administrative Agent of counterparts of this Amendment No. 1, duly executed by the Parent Borrower and each other Credit Party, the Administrative Agent and the Required Lenders;

 (b) all Lenders who have executed this Amendment prior to 5:00 P.M. New York City time on June 27, 2012 shall have
received a fee equal to 0.25% of their outstanding Revolving Commitments and Term Loans; 
 (c) all reasonable out-of-pocket fees
and expenses incurred by the Administrative Agent, including all reasonable invoiced fees and expenses of counsel to the Administrative Agent, to the extent invoiced at least 1 Business Day prior to the date hereof, shall have been paid or
reimbursed, on or prior to the date hereof; 
 (d) both immediately before and after giving effect to this Amendment No. 1,
the representations and warranties of the Credit Parties contained in Article VI of the Credit Agreement shall be true and correct in all material respects on and as of the Amendment No. 1 Effective Date (except to the extent that such
representations and warranties specifically refer to an earlier date, in which case they shall be true and correct in all material respects as of such earlier date); and 
 (e) no Default or Event of Default shall exist on the date hereof both before and after giving effect to this Amendment No. 1. 
 SECTION 4 
 MISCELLANEOUS 

4.1 Amended Terms. The term “Credit Agreement” as used in each of the Credit Documents shall hereafter mean the
Credit Agreement as amended by this Amendment No. 1. Except as specifically amended hereby or otherwise agreed, each of the Credit Documents are hereby ratified and confirmed and shall remain in full force and effect according to their
respective terms. 
  

  
 [Amendment No.
1] 

 4.2 Credit Document. This Amendment No. 1 shall constitute a Credit
Document under the terms of the Credit Agreement and shall be subject to the terms and conditions thereof (including, without limitation, Sections 11.14 and 11.15 of the Credit Agreement). 

4.3 Entirety. This Amendment No. 1 and the other Credit Documents embody the entire agreement between the parties
hereto and supersede all prior agreements and understandings, oral or written, if any, relating to the subject matter hereof. 

4.4 Counterparts. This Amendment No. 1 may be executed in any number of counterparts, each of which when so executed
and delivered shall be an original, but all of which shall constitute one and the same instrument. Delivery of executed counterparts of this Amendment No. 1 by facsimile or electronic mail shall be effective as an original and shall constitute
a representation that an original shall be delivered. 
 [Signature pages follow] 

 

  
 [Amendment No.
1] 

 IN WITNESS WHEREOF, each of the parties hereto has caused a counterpart of this
Amendment No. 1 to be duly executed and delivered as of the date first above written. 
  

					
	 PARENT BORROWER:
  

LIVE NATION ENTERTAINMENT, INC.
  

		
	By:	 	/s/ Michael Rowles
	Name:	 	 Michael Rowles

	Title:	 	Executive Vice President, General Counsel and Secretary
	
	 DOMESTIC GUARANTORS:
  

LN ACQUISITION HOLDCO LLC
  

		
		 	 By:   LIVE NATION ENTERTAINMENT, INC.,

its sole member

			
		 	By:	 	/s/ Michael 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

  

  
 [Amendment No.
1] 

 
			
	 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 LGTOURS (USA), LLC
 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.
 NEW YORK THEATER,
LLC
 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 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

  

  
 [Amendment No.
1] 

 
			
	 HOB BOARDWALK, INC.

HOB CHICAGO, INC.
 HOB ENTERTAINMENT, LLC
 HOB PUNCH LINE S.F. CORP.

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.
 LIVE NATION MID-ATLANTIC, INC.

		
	By:	 	/s/ Michael Rowles
	Name:	 	Michael Rowles
	Title:	 	President

  

			
	 LIVE NATION MERCHANDISE, INC.
 LIVE NATION STUDIOS, LLC
 LIVE NATION TICKETING, LLC

LIVE NATION VENTURES, INC.

		
	By:	 	/s/ Michael Rowles
	Name:	 	Michael Rowles
	Title:	 	Executive Vice President

  
  

 

  
 [Amendment No.
1] 

 
					
	 LIVE NATION BOGART, LLC
 LIVE NATION – HAYMON VENTURES, 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

  
  

					
	 AZOFF PROMOTIONS LLC

CAREER ARTIST MANAGEMENT LLC
 ENTERTAINERS ART
GALLERY LLC
 FEA MERCHANDISE INC.

FRONT LINE BCC LLC
 FRONT LINE MANAGEMENT GROUP,
INC.
 ILA MANAGEMENT, INC.
 MORRIS
ARTISTS MANAGEMENT LLC
 SPALDING ENTERTAINMENT, LLC
 VECTOR MANAGEMENT LLC
 VECTOR WEST, LLC
 VIP NATION, INC.
  

		
	By:	 	/s/ Michael Rowles
	Name:	 	 Michael Rowles

	Title:	 	Assistant Secretary

  
  

					
	 JPMORGAN CHASE BANK, N.A.,
 as Administrative Agent
  

		
	By:	 	/s/ Tina Ruyter
		 	Name: Tina Ruyter
		 	Title: Executive Director

  

  
 [Amendment No.
1]

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