Document:

Exhibit 10.3

 

OWENS BROKERAGE, LTD.

Commercial &
Investment Properties

Property
Management

 

LEASE
EXTENSION — ANNEX SPACE

 

This Rider Amends that
original Lease dated June 1, 2003 between Kenilworth Systems Inc. [Tenant]
and Nassau County P.B.A. [Landlord] for tenancy at 185 Willis Avenue — Mineola,
N.Y...[second floor].

 

This Rider is effective August 1, 2003 until May 31, 2006
and applies directly to the annexed space adjacent to the original Lease
premises.

 

All terms and
requirements of the aforementioned Lease prevail throughout this additional
period.  Consolidated rental for both suites will be $2,500.00 per
month.  This includes four percent
annual rental increase as well as proportionate taxes over the
base year.

 

Security
will increase to a total of $4,255.00.  Two months for the original space
and one month for the additional space.

 

	
  ACCEPTED:

  	
   

  	
  /s/ Herbert Lindo,
  President

  	
   

  	
  DATED:

  	
   

  	
  August 12, 2003

  
	
   

  	
   

  	
  KENILWORTH SYSTEMS INC
  {TENANT}

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  ACCEPTED:

  	
   

  	
  /s/ Pete Owens, Agent
  for Landlord

  	
   

  	
  DATED:

  	
   

  	
  August 12, 2003

  
	
   

  	
   

  	
  NASSAU COUNTY
  P>B>A> {LANDLORD}

  	
   

  	
   

  	
   

  	
   

  

 

499 Jericho Tpke.
* Mineola, New York 11501

Tel: 516-294-0010
* 1-888-303-3847 * Fax: 516-294-1278

www.owensbrokerage.com

 

OWENS BROKERAGE, LTD.

Commercial &
Investment Properties

Property
Management

 

LEASE EXTENSION

 

THIS RIDER AMENDS THAT
ORIGINAL LEASE DATED 6/1/03 AND SUBSEQUENT EXTENSIONS/AMENDMENTS [IF ANY] BETWEEN KENILWORTH SYSTEMS INC. —
[TENANT] and

 

THE NASSAU COUNTY P. B.A. — MINEOLA, N.Y. {LANDLORD} AS FOLLOWS;

 

LEASE TERM EXTENDED FOR
THE PRESENT LOCATION OCCUPIED BY TENANT AT — 185 Willis Avenue — Mineola, NY.

 

	
  FROM

  	
  JUNE
  1, 2006

  	
   

  	
  TO:

  	
  MAY 31, 2009 — [three year term]

  	
   

  

 

 

 

 

 

TENANT WILL PROVIDE
UPDATED CERTIFICATE OF INSURANCE.

 

ALL OTHER TERMS AND CONDITIONS INCLUDING INCREASES, TAX
ADJUSTMENTS AND UTILITY CHARGES PREVAIL AS HERETOFORE OR/UNLESS AMENDED.

 

	
  AGREED

  	
  Herbert Lindo

  	
  CHAIRMAN
  AND CEO

  
	
  [Tenant]

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  AGREED

  	
   

  	
   

  
	
  [Landlord]

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  Dated.

  	
  September 7,
  2006

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  

 

499 Jericho Tpke.
* Mineola, New York 11501

Tel: 516-294-0010
* 1-888-303-3847 * 516-294-1278

www.owensbrokerage.com

 

Remainder of page intentionally left blankExhibit 4.1

 

SUPPLEMENTAL INDENTURE

 

SUPPLEMENTAL
INDENTURE, dated as of March 19, 2008 (the “Supplemental Indenture”),
by and among Barrington Broadcasting Group LLC, a Delaware limited liability
company (the “Issuer”), Barrington Broadcasting Capital Corporation, a Delaware
corporation (the “Co-Issuer” and, together with the Issuer, the “Issuers”), the
guarantors party hereto (the “Guarantors”) and U.S. Bank National Association,
as trustee (the “Trustee”), to the Indenture, dated as of August 11, 2006
(the “Indenture”), among the Issuers, the Guarantors and the Trustee.  Capitalized terms used in this Supplemental
Indenture and not otherwise defined herein shall have the meanings assigned to
such terms in the Indenture.

 

WITNESSETH:

 

WHEREAS,
the Issuers, the Guarantors and the Trustee have heretofore executed and
delivered the Indenture providing for the issuance of 101⁄2% Senior Subordinated
Notes due 2014 (the “Notes”);

 

WHEREAS,
Section 9.2 of the Indenture provides that the Issuers, the Guarantors, if
any, and the Trustee may, with the consent of the Holders of not less than a
majority in aggregate principal amount of the outstanding Notes, enter into an
indenture or indentures supplemental to the Indenture;

 

WHEREAS,
the Issuers have solicited consents from the Holders of the Notes, upon the
terms and subject to the conditions set forth in the Consent Solicitation
Statement, dated March 10, 2008 (the “Consent Solicitation”), to amend and
modify Section 4.3 of the Indenture (the “Proposed Amendments”);

 

WHEREAS,
the Consent Solicitation is conditioned upon, among other things, the Proposed
Amendments to the Indenture set forth herein having been approved by Holders of
not less than a majority in aggregate principal amount of the outstanding Notes
(the “Requisite Consents”);

 

WHEREAS,
the Issuers have received and delivered to the Trustee the Requisite Consents
to effect the Proposed Amendments under the Indenture; and

 

WHEREAS,
the Issuers and the Guarantors have been authorized by a resolution of their respective
Board of Directors, managing members or members, as applicable, to enter into
this Supplemental Indenture.

 

NOW
THEREFORE, in consideration of the premises and the covenants and agreements
contained herein, and for other good and valuable consideration the receipt of
which is hereby acknowledged, and for the equal and proportionate benefit of
the Holders of the Notes, the Issuers, the Guarantors and the Trustee hereby
agree as follows:

 

 

Article I.

 

Amendments to the Indenture

 

1.1        Defined Terms. As used in this Supplemental Indenture,
terms defined in the Indenture or in the preamble or recital hereto are used
herein as therein defined.  The words “herein,”
“hereof” and “hereby” and other words of similar import used in this
Supplemental Indenture refer to this Supplemental Indenture as a whole and not
to any particular section hereof.

 

1.2        Amendment of Section 4.3.  Section 4.3 of the Indenture is hereby
deleted in its entirety and is replaced with the following:

 

“Section 4.3  Provision of Financial Information.

 

So long as any Notes are outstanding, the Issuer
shall:

 

(a)        Provide
to the Trustee for delivery to the Holders of the Notes, and make available via
the internet, within 45 days after the end of each of the first three quarters
of each fiscal year of the Issuer and within 90 days after the end of each
fiscal year of the Issuer, (i) financial statements prepared in accordance
with GAAP and (ii) such other information that would be required to be
contained in quarterly reports on Form 10-Q and annual reports on Form 10-K,
respectively, if the Issuer was required to file such reports, except
information with respect to Section 404 of the Sarbanes-Oxley Act of 2002,
as amended, and the rules and regulations of the Commission promulgated as
a result thereof (including, but not limited to, Rules 13a-15 and 15d-15
of the Exchange Act and Items 307 and 308 of Regulation S-K and the
certifications required thereby);

 

(b)        Provide
to the Trustee for delivery to the Holders of the Notes, and make available via
the internet, such information that would be required to be contained in a
current report on Form 8-K if the Issuer was required to file such current
reports within the time periods specified in the Commission’s rules and
regulations, except, if applicable, information with respect to Section 404
of the Sarbanes-Oxley Act of 2002, as amended, and the rules and
regulations of the Commission promulgated as a result thereof;

 

(c)        Provide
the information described in clauses (a) and (b) above to the Trustee
for delivery to (i) beneficial owners of the Notes who certify that they
are beneficial owners of the Notes; (ii) prospective investors who certify
that they are prospective investors of the Issuer and (iii) securities
analysts who certify that they are securities analysts, in each case upon the
written request of such individuals to receive such information;

 

2

 

(d)        Furnish
to the Holders of Notes and  prospective
investors, in each case upon their request, the information required to be
delivered pursuant to Rule 144A(d)(4) under the Securities Act; and

 

(e)        Conduct
a quarterly conference call for the Holders of the Notes and securities
analysts to discuss the information contained in the Issuer’s quarterly and
annual reports following the delivery of each such quarterly and annual report
pursuant to clause (a) above.”

 

Article II.

 

Miscellaneous

 

2.1        Continuing Effect of the Indenture.  Except as expressly provided herein, all of
the terms, provisions and conditions of the Indenture and the Notes outstanding
thereunder shall remain in full force and effect.

 

2.2        Reference and Effect on the Indenture.  Each reference in the Indenture to “the
Indenture,” “this Indenture,” “hereunder,” “hereof” or “herein” shall mean and
be a reference to the Indenture as supplemented by this Supplemental Indenture,
unless the context otherwise requires.

 

2.3        Trust
Indenture Act Controls.  If any
provision of this Supplemental Indenture limits, qualifies or conflicts with the
duties imposed by TIA § 318(c), the imposed duties shall control.

 

2.4        Governing Law.  THE
INTERNAL LAW OF THE STATE OF NEW YORK SHALL GOVERN AND BE USED TO CONSTRUE THIS
SUPPLEMENTAL INDENTURE WITHOUT GIVING EFFECT TO APPLICABLE PRINCIPLES OF
CONFLICTS OF LAW TO THE EXTENT THAT THE APPLICATION OF THE LAWS OF ANOTHER
JURISDICTION WOULD BE REQUIRED THEREBY. 
The parties to this Supplemental Indenture each hereby irrevocably
submits to the non-exclusive jurisdiction of any New York State or federal
court sitting in the Borough of Manhattan in the City of New York in any action
or proceeding arising out of or relating to this Supplemental Indenture, and
all such parties hereby irrevocably agree that all claims in respect of such
action or proceeding may be heard and determined in such New York State or
federal court and hereby irrevocably waive, to the fullest extent that they may
legally do so, the defense of an inconvenient forum to the maintenance of such
action or proceeding.  EACH OF THE
PARTIES HERETO HEREBY IRREVOCABLY WAIVES, TO THE FULLEST EXTENT PERMITTED BY
APPLICABLE LAW, ANY AND ALL RIGHT TO TRIAL BY JURY IN ANY ACTION OR PROCEEDING
ARISING OUT OF OR RELATING TO THIS 

 

3

 

SUPPLEMENTAL INDENTURE OR THE
TRANSACTIONS CONTEMPLATED HEREBY.

 

2.5        Successors.  All
agreements of the Issuers and the Guarantors in this Supplemental Indenture, as
applicable, shall bind their respective successors and assigns.  All agreements of the Trustee in this
Supplemental Indenture shall bind its successors and assigns.

 

2.6        Severability.  In
case any provision of this 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.

 

2.7        Headings.  The
headings of the Articles and Sections of this Supplemental Indenture have been
inserted for convenience of reference only, and are not to be considered a part
of this Supplemental Indenture and shall in no way modify or restrict any of
the terms or provisions hereof.

 

2.8        Counterpart Originals.  The parties may sign any number of copies of
this Supplemental Indenture.  Each signed
copy shall be an original, but all of them together represent the same agreement.

 

4

 

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

 

	
   

  	
  BARRINGTON BROADCASTING GROUP LLC,

  
	
   

  	
  as Issuer

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
    /s/
  Warren Spector

  
	
   

  	
  Name:

  	
  Warren
  Spector

  
	
   

  	
  Title:

  	
  Chief
  Financial Officer

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  BARRINGTON BROADCASTING CAPITAL

  CORPORATION,

  
	
   

  	
  as Co-Issuer

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
    /s/
  Warren Spector

  
	
   

  	
  Name:

  	
  Warren
  Spector

  
	
   

  	
  Title:

  	
  Chief
  Financial Officer

  
					

 

 

BARRINGTON QUINCY LLC

BARRINGTON JEFFERSON CITY
LLC

BARRINGTON AMARILLO LLC

BARRINGTON FLINT LLC

BARRINGTON PEORIA LLC

BARRINGTON MYRTLE BEACH
LLC

BARRINGTON HARLINGEN LLC

BARRINGTON KIRKSVILLE LLC

BARRINGTON COLORADO
SPRINGS LLC

BARRINGTON COLUMBIA LLC

BARRINGTON ALBANY LLC

BARRINGTON MARQUETTE LLC

BARRINGTON TOLEDO LLC

BARRINGTON TRAVERSE CITY
LLC

BARRINGTON SYRACUSE LLC

BARRINGTON BAY CITY LLC

BARRINGTON PEORIA LICENSE
LLC

BARRINGTON FLINT LICENSE
LLC

BARRINGTON BAY CITY
LICENSE LLC

BARRINGTON MYRTLE BEACH
LICENSE LLC

BARRINGTON SYRACUSE
LICENSE LLC

BARRINGTON HARLINGEN
LICENSE LLC

BARRINGTON TRAVERSE CITY
LICENSE LLC

BARRINGTON MARQUETTE
LICENSE LLC

BARRINGTON QUINCY LICENSE
LLC

BARRINGTON AMARILLO
LICENSE LLC

BARRINGTON COLUMBIA
LICENSE LLC

BARRINGTON COLORADO
SPRINGS LICENSE LLC

BARRINGTON ALBANY LICENSE
LLC

BARRINGTON KIRKSVILLE
LICENSE LLC

BARRINGTON JEFFERSON CITY
LICENSE LLC

BARRINGTON TOLEDO LICENSE
LLC

 

 

	
   

  	
  By:

  	
    /s/
  Warren Spector

  
	
   

  	
  Name:

  	
  Warren
  Spector

  
	
   

  	
  Title:

  	
  Chief
  Financial Officer

  

 

 

	
   

  	
  U.S. BANK NATIONAL
  ASSOCIATION,

  
	
   

  	
  as Trustee

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
    /s/ Richard Prokosch

  
	
   

  	
  Name:

  	
  Richard
  Prokosch

  
	
   

  	
  Title:

  	
  Vice
  President

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