Document:

Second Supplemental Indenture, dated as of December 18, 2006

 Exhibit 4.1 
 SECOND SUPPLEMENTAL INDENTURE 
 TO THE INDENTURE 
 JACUZZI BRANDS, INC., 
 THE
GUARANTORS SIGNATORY HERETO 
 AND 
 WILMINGTON TRUST COMPANY 
 as Trustee 
  

 Dated as of December 18, 2006

 to 
 Indenture 
 Dated as of July 15, 2003 
 9 5/8% Senior Secured Notes due 2010 
  

 1 

 THIS SECOND SUPPLEMENTAL INDENTURE, dated as of December 18, 2006 (this “Supplemental
Indenture”), is by and among Jacuzzi Brands, Inc., a Delaware corporation (the “Issuer”), the Guarantors party hereto and Wilmington Trust Company, as trustee (the “Trustee”).
Capitalized terms used but not defined herein shall have the respective meanings given to such terms in the Indenture. 
 WHEREAS, the
Issuer, the Guarantors and the Trustee are party to that certain Indenture dated as of July 15, 2003, providing for the issuance of 9 5/8% Senior Secured Notes due 2010 (the “Notes”), and a First Supplemental Indenture thereto, dated as of October 16, 2003 (together, the “Indenture”);

 WHEREAS, the Issuer has issued $380.0 million in aggregate principal amount of the Notes; 
 WHEREAS, Section 9.02 of the Indenture provides that the Indenture may be amended with the consent of the Holders of at least a majority in
principal amount of the Notes then outstanding (including consents obtained in connection with a tender offer or exchange for Notes) (subject to certain exceptions); 
 WHEREAS, the Issuer desires and has requested the Trustee to join with it and the Guarantors in entering into this Supplemental Indenture for the purpose of amending the Indenture in certain respects as permitted by
Section 9.02 of the Indenture; 
 WHEREAS, the execution and delivery of this Supplemental Indenture has been authorized by the Board of
Directors of the Issuer and of each Guarantor; and 
 WHEREAS, (1) the Issuer has received the consent of the Holders of a majority in
principal amount of the outstanding Notes and has satisfied all other conditions precedent, if any, provided under the Indenture to enable the Issuer and the Trustee to enter into this Supplemental Indenture, all as certified by an Officers’
Certificate delivered to the Trustee simultaneously with the execution and delivery of this Supplemental Indenture as contemplated by Section 9.06 of the Indenture, and (2) the Issuer has delivered to the Trustee simultaneously with the
execution and delivery of this Supplemental Indenture an Opinion of Counsel relating to this Supplemental Indenture as contemplated by Section 9.06 of the Indenture. 
 NOW, THEREFORE, in consideration of the above premises, each party hereby agrees, for the benefit of the others and for the equal and ratable benefit of the Holders of the Notes, as follows: 
 ARTICLE I 
 DEFINITIONS

 Section 1.1 Deletion of Definitions and Related References. Section 1.01 of the Indenture is
hereby amended to delete in its entirety all terms and their respective definitions for which all references are eliminated in the Indenture as a result of the amendments set forth in Article II of this Supplemental Indenture. 
  

 2 

 ARTICLE II 
 AMENDMENTS TO INDENTURE 
 Section 2.1 Amendments to the Indenture. The
Indenture is hereby amended by: 
 (i) deleting the following sections of the Indenture and all references thereto in the
Indenture in their entirety: 
 Section 4.02 (SEC Reports) 
 Section 4.03 (Limitation on Indebtedness) 
 Section 4.04 (Limitation on Restricted Payments)

 Section 4.05 (Limitation on Restrictions on Distributions from Restricted Subsidiaries) 
 Section 4.07 (Limitation on Affiliate Transactions) 
 Section 4.08 (Limitation on Line of Business) 
 Section 4.10 (Change of Control) 
 Section 4.11 (Limitation on Liens) 
 Section 4.13 (Future Guarantors) 
 Sections 6.01(3), 6.01(6), 6.01(7), 6.01(8), 6.01(9) and 6.01(10); 
 (ii) amending the following sections of the Indenture to delete any and all provisions thereof to the extent the deletion of such
provisions does not have the effect of (A) releasing Collateral from the lien of the Indenture and the Security Documents, (B) changing the provisions applicable to the application of the proceeds from the sale of Collateral or
(C) changing or altering the priority of the security interest in the Collateral: 
 Section 4.06 (Limitation on Sales of Assets and
Subsidiary Stock) 
 Section 4.09 (Limitation on the Sale or Issuance of Capital Stock of Restricted Subsidiaries) 
 Section 4.12 (Limitation on Sale/Leaseback Transactions) 
 Section 4.14 (Impairment of Security Interest) 
 Section 4.15 (Amendment to Security Documents)

 Section 4.16 (Material After-Acquired Property) 
 Section 4.18 (Further Instruments and Acts) 
 Section 6.01(11); 
 (iii) amending the definition of “Unrestricted Subsidiary” in Section 1.01 of the Indenture to delete the two provisos to
such definition; 
 (iv) amending and restating Section 4.17 of the Indenture in its entirety to read as follows,
together with all necessary conforming changes to the Indenture: 
 “Section 4.17. TIA Compliance. The Company
shall comply with TIA Section 314(a)(4).”; 
  

 3 

 (v) amending and restating Section 5.01 of the Indenture in its entirety to read as
follows, together with all necessary conforming changes to the Indenture: 
 “Section 5.01. Successor Corporation
Substituted. Upon any consolidation, combination or merger or any transfer of all or substantially all of the assets of the Company in which the Company is not the surviving or continuing corporation, the successor Person formed by such
consolidation or into which the Company is merged or to which such conveyance, lease or transfer is made shall succeed to, and be substituted for, and may exercise every right and power of, the Company hereunder and the Notes with the same effect as
if such surviving entity had been named as such. Notwithstanding anything to the contrary herein, upon the merger of the Company of its Bath Products business on the date of the merger of Jupiter Merger Sub, Inc., a Delaware corporation, with and
into the Company shall not constitute a sale, conveyance, transfer or lease of all or substantially all of its assets.”; and 
 (vi) amending and restating Section 6.01(4) to read in its entirety as follows, together with all necessary conforming changes to the Indenture: 
 “(4) the Company fails to comply with Section 4.06, 4.09, 4.12, 4.14, 4.15, 4.16 or 4.18 (to the extent of the provisions, if
any, of such Sections as remain following the effectiveness of the Second Supplemental Indenture, dated as of December 18, to this Indenture), other than a failure to purchase Securities when required under Section 4.06, and such failure
continues for 30 days after the notice specified below;” 
 ARTICLE III 
 MISCELLANEOUS PROVISIONS 
 Section 3.1
Indenture. Except as amended hereby, the Indenture is in all respects ratified and confirmed and all the terms, conditions and provisions thereof shall remain in full force and effect. This Supplemental Indenture shall form
a part of the Indenture for all purposes, and every Holder of Notes heretofore or hereafter authenticated and delivered under the Indenture shall be bound by the Indenture as amended hereby. Subject to Section 13.01 of the Indenture, in the
case of conflict between the Indenture and this Supplemental Indenture, the provisions of this Supplemental Indenture shall control. 
 Section 3.2 Severability. In case any provision in 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. 
 Section 3.3 Capitalized Terms. Capitalized terms used herein but
not defined shall have the meanings assigned to them in the Indenture. 
 Section 3.4 Effect of Headings.
The Article and Section headings used herein are for convenience only and shall not affect the construction of this Supplemental Indenture. 
 Section 3.5 Trustee Makes No Representations. The Trustee makes no representation as to the validity or sufficiency of this Supplemental Indenture. 
 Section 3.6 Certain Duties and Responsibilities of the Trustee. In entering into this Supplemental Indenture, the
Trustee shall be entitled to the benefit of every provision of the Indenture relating to the conduct or affecting the liability or affording protection to the Trustee, whether or not elsewhere herein so provided. 
  

 4 

 Section 3.7 Governing Law. THIS SUPPLEMENTAL INDENTURE AND THE NOTES
SHALL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH, THE LAWS OF THE STATE OF NEW YORK BUT 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. 
 Section 3.8 Counterparts. 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 one and the same agreement. 
 Section 3.9
Successors. All agreements of the Issuer, the Guarantors and the Trustee in this Supplemental Indenture and the Notes shall bind their respective successors. 
 Section 3.10 Effectiveness. The provisions of Articles I and II of this Supplemental Indenture shall be effective at the
time the Issuer accepts for purchase a majority in principal amount of the outstanding Notes issued under the Indenture. 
 Section 3.11 Endorsement and Change of Form of Notes. Any Notes authenticated and delivered after the close of business on the date that this Supplemental Indenture becomes effective may be affixed to,
stamped, imprinted or otherwise legended by the Trustee, with a notation as follows: 
 “Effective as of January
[    ], 2007, the majority of the restrictive covenants of the Indenture and certain of the Events of Default have been eliminated, as provided in the Second Supplemental Indenture, dated as of December 18, 2006. Reference
is hereby made to said Second Supplemental Indenture, copies of which are on file with the Trustee, for a description of the amendments made therein.” 
 [THE REMAINDER OF THIS PAGE IS INTENTIONALLY LEFT BLANK] 
  

 5 

 IN WITNESS WHEREOF, the parties hereto have caused this Second Supplemental Indenture to be duly
executed as of the day and year written above. 
  

			
	JACUZZI BRANDS, INC.
		
	By:	 	  
		 	 Name:
 Title:

	
	WILMINGTON TRUST COMPANY, as Trustee
		
	By:	 	  
		 	 Name:
 Title:

	
	EACH OF THE SUBSIDIARY GUARANTORS LISTED ON SCHEDULE A ATTACHED HERETO:
		
	By:	 	  
		 	 Name:
 Title:

  

 6 

 Schedule A 
 Asteria Company, a California corporation 
 Astracast USA, Inc. (f/k/a Luxor Industries, Inc.), a Delaware corporation 
 Bathcraft, Inc., a Georgia corporation 
 Bruckner Manufacturing Corp., a
Delaware corporation 
 Carlsbad Corp., a California corporation 
 Compax Corp., a New York corporation 
 Environmental Energy Company, a California corporation 
 Gary Concrete Products, Inc., a Georgia corporation 
 Gatsby Spas, Inc., a
Florida corporation 
 HL Capital Corp., a California corporation 
 Jacuzzi Inc., a Delaware corporation 
 Jacuzzi Whirlpool Bath, Inc., a California corporation 
 JUSI Holdings, Inc., a Delaware corporation 
 KLI, Inc., a Delaware
corporation 
 Krikles, Inc., a Delaware corporation 
 Krikles
Canada U.S.A., Inc., a Delaware corporation 
 Krikles Europe U.S.A., Inc., a Delaware corporation 
 Lokelani Development Corporation, a Delaware corporation 
 Maili Kai Land
Development Corporation, a Delaware corporation 
 Mobilite, Inc., a New York corporation 
 Nissen Universal Holdings Inc., a Delaware corporation 
 OEI, Inc. (f/k/a Eljer Industries, Inc.), a Delaware corporation

 OEP, Inc. (f/k/a Eljer Plumbingware, Inc.), a Delaware corporation 
 Outdoor Products, LLC, a Delaware limited liability company 
 PH Property Development Company, a Delaware corporation 
 PLC Realty Inc., a Texas corporation 
 Redmont, Inc., a Mississippi
corporation 
 Sanitary-Dash Manufacturing, Co., a Connecticut corporation 
 SH1 Inc., a Delaware corporation 
 Strategic Capital Management, Inc., a Delaware corporation 
 Strategic Membership Company, a Delaware corporation 
 Streamwood Corporation,
a Delaware corporation 
 Sundance Spas, Inc., a California corporation 
 TA Liquidation Corp., a Delaware corporation 
 Trimfoot Co., a Delaware corporation 
 TT Liquidation Corp., a New York corporation 
 UGE Liquidation Inc., a Delaware corporation 
 USI American Holdings, Inc., a Delaware corporation 
 USI Atlantic Corp., a
Delaware corporation 
 USI Capital, Inc., a Delaware corporation 
 USI Funding, Inc., a Delaware corporation 
 USI Properties, Inc., a Delaware corporation 
 USI Realty Corp., a Delaware corporation 
 Zurco, Inc., a Delaware corporation

 Zurn (Cayman Islands), Inc., a Delaware corporation 
 Zurn
Constructors, Inc., a California corporation 
 Zurn EPC Services, Inc., a Washington corporation 
 Zurn Industries, Inc., a Pennsylvania corporation 
 Zurn PEX, Inc. (f/k/a
United States Brass Corporation), a Delaware corporation 
 Zurnacq of California Inc., a California corporation 
  

 7Lease Management Agreement ("Agreement") dated as of September 15, 2006

    
      

    

    EXHIBIT
      10.1

    LEASE
      MANAGEMENT AGREEMENT AND PURCHASE OPTION

    

    Lease
      Management Agreement (“Agreement”) dated as of September 15, 2006, by and
      between Mako Communications, LLC. Texas limited liability company (“Lessor”),
      the holder of Federal Communications Commission License, (the “Permit”) for LPTV
      station KVPX-LP, Las Vegas Nevada, facility I.D. 8887 (the “Station”) and Fuego
      Entertainment Media Group, LLC, a Florida Limited Liability Company
      (“Lessee”).

    

    WHEREAS,
      Lessor holds the Permit for the operation of the Station; and 

    

    WHEREAS,
      Lessor has determined that the public interest, convenience and necessity would
      be served by its broadcast over the Station of programming provided by Lessee;
      and

    

    WHEREAS,
      Lessee desires to avail itself of the Station’s broadcast time for the
      presentation of its programming service, including the sale of advertising
      time;
      and

    

    NOW,
      THEREFORE, for and in consideration of the mutual covenants herein contained,
      the parties hereto have agreed and do agree as follows:

    

    1. Facilities.
      Lessor
      agrees to make its broadcasting facilities available to Lessee and to allow
      Lessee to broadcast on the Station, or cause to be broadcast, Lessee’s programs
      (“Lessee’s Programming Service”). 

    

    2. Term.
      This
      Agreement shall be for an initial term of two (2) years commencing on the
      commencement date (the “Commencement Date”) which shall be November 1, 2007.
      This Agreement shall continue until 11:50 pm on the last day of the second
      year
      of this Agreement. 

    

    3. Lease
      Payments. 

    

    (a) Payment
      Amounts: Lessee
      hereby agrees to pay Lessor the following “Monthly LMA Fee”, which payments
      shall commence upon the Commencement Date:

    

    (1) $25,000
      per month for months 1-12; and

    (2) $26,250
      per month for months 13-24 

    

    (b) Due
      Dates for Payments: The
      Monthly LMA Fee is due and payable in full on the fifth day of each month.
      If
      Lessor does not receive the Monthly LMA Fee by the fifth day of each month,
      Lessor shall send by facsimile or email written notice of non-payment to Lessee.
      

    

    (c) Lessor’s
      Remedies:
      If
      within
      ten (10) days from the date on which Lessor’s facsimile or email is received by
      Lessee the Lessor does not receive payment of the overdue Monthly LMA Fee,
      Lessor may declare this Agreement to be in default. In the event Lessee is
      declared by the Lessor to be in default of this Agreement, Lessor may declare
      Lessee’s option to purchase the Station (the “Option”) terminated and the Option
      Payment forfeited, should such payment have been made, Lessor may declare the
      Deposit forfeited, and Lessor may declare this Agreement terminated and cease
      broadcasting Lessee’s Programming.

    

    (d)
       Lessee’s
      Remedies: The
      occurrence and continuation of any of the following will be deemed an Event
      of
      Default by Lessor under this Agreement: (i) Lessor fails to perform any of
      its
      covenants, warranties, or agreements contained in this Agreement in any material
      respect; or (ii) Lessor breaches any representation or warranty made by it
      under
      this Agreement in any material respect. Lessor shall have ten (10) days from
      the
      date on which it receives written notice specifying the Event of Default to
      cure
      such Event of Default. If the Event of Default cannot be cured by Lessor within
      such time period, Lessee my terminate this Agreement, effective immediately
      upon
      written notice to Lessor, with no further liability to Lessor, and Lessee may
      pursue all remedies at law or in equity for breach of this Agreement.

    

    
      
        
        

      

      
        1

        
          

        

      

      
        
        

      

    

    
      4. Broadcast
        in Entirety; Lease Payment Abatement.
        Lessor
        agrees to broadcast Lessee’s Programming Service in its entirety without any
        editing, delay, addition, alteration or deletion, including, without limitation,
        all network identifications, all promotional material, all copyright notices,
        all credits and billings, and any  other proprietary material
        of any kind or nature included therein. Lessor shall not be required to accept
        such of Lessee’s Programming Service the content of which it finds objectionable
        or contrary to the public interest or its obligations as an FCC licensee.
        The
        Monthly LMA Fee shall be abated to the extent the condition of the Station
        and/or its equipment prevents Lessee’s use of the Station and to the extent of
        any of Lessee’s programming is preempted, rejected or not transmitted as a
        result of a decision not to broadcast, by Lessor under paragraph 8
        below.

    

    

    5. Deposit.
      Upon
      execution of this Agreement, Lessee shall deliver to Lessor a deposit (the
      “Deposit”) of Twenty-Five Thousand Dollars ($25,000.00), which shall be held by
      Lessor and applied to the last month’s Lease Payment under this Agreement.

    

    6. Programs.
      Lessee
      shall furnish or cause to be furnished the artistic personnel and material
      for
      the programs as provided by this Agreement and it shall make commercially
      reasonable efforts to ensure that all programs shall be in accordance with
      FCC
      requirements, and that all advertising spots and promotional material or
      announcements shall comply with all applicable federal, state, and local
      regulations and policies.

    

    7. Station
      Facilities: Operation of Station.
      Throughout the term of this Agreement, Lessor shall make the Station available
      to Lessee for operation twenty-four hours a day, seven days a week. Lessor
      represents, warrants and guarantees that the Station shall be equipped as set
      forth in the Permit, capable of transmitting Lessee’s Programming at all times;
      that all equipment required for the regular and reliable broadcast operation
      of
      the Station is present, of new quality and design, and is in good working order.
      There is no additional device, item, connection, power source, or equipment
      required in order for the Station to operate at full power and to function
      as
      required hereby. 

    

    8. Responsibility
      for Employees and Expenses.
      Lessee
      shall employ and be responsible for the salaries, taxes, insurance, and related
      costs for all personnel used in the production of its programming (including
      salespeople, traffic personnel, board operators, and programming staff). Lessor
      shall employ Station personnel as required under the rules, regulations and
      policies of the FCC and will be responsible for the salaries, taxes, insurance
      and related costs for all the Lessor Station personnel used in the operation
      of
      the Station. Whenever on the Station’s premises, all of Lessee’s personnel shall
      be subject to the supervision and the direction of Lessor’s personnel to the
      extent required for the operation of the Station in compliance with FCC
      regulations. Lessee shall pay for all fees to ASCAP, BMI, and SESAC, and for
      any
      other copyright fees attributable to its programming broadcast on the Station.
      At its sole cost and expense, Lessor shall retain a broadcast engineer and
      shall
      be solely responsible for the maintenance, repair, and, where reasonably
      required, the replacement of the Station’s transmitter, antenna system,
      electrical system, cables, and satellite receivers, so that the Station
      transmits Lessee’s programming at full power twenty-four hours per day, seven
      days per week without interruption or deterioration of signal. Lessee shall
      be
      responsible for acquiring and maintaining studios, should Lessee desire to
      have
      studios, and Lessee shall be responsible for acquiring and maintaining a station
      to transmitter link from such studios, should such a link be desired by Lessee.
      Lessor shall be responsible for maintaining a receive satellite dish at the
      transmitter site but should physical obstruction or terrestrial interference
      make receipt of Lessee’s signal impossible or impractical, then Lessor shall be
      relieved from this obligation. Lessor shall pay the tower rent and the Station
      electric bill, including electricity consumed in operating the transmitter
      and
      all other equipment.

    

    9. Advertising
      and Programming Revenues.
      Lessee
      shall retain all revenues for the sale of advertising time on the programs
      it
      delivers to the Station and may sell such advertising in combination with the
      sale of advertising on any other broadcasting station of its
      choosing.

    

    10. Operation
      of Station.
      Notwithstanding anything to the contrary in this Agreement, Lessor shall have
      full authority and power over the operation of the Station during the term
      of
      this Agreement. Lessor shall retain control, to be reasonably exercised, over
      the policies, programming and operations of the Station, including, without
      limitation, the right to decide whether to accept or reject any programming
      or
      advertisements; the right to preempt any programs in order to broadcast a
      program deemed to be by Lessor of greater national, regional, or local interest;
      and the right to take any other actions necessary for compliance with the laws
      of the United States, the State of Nevada, the rules, regulations, and policies
      of the FCC (including the prohibition on unauthorized transfers of control)
      and
      rules, regulations and policies of other federal governmental authorities,
      including the Federal Trade Commission and the Department of Justice. Lessor
      shall at all times be solely responsible for meeting all of the FCC’s
      requirements for maintaining the political inspection files. Lessee shall,
      upon
      request, provide information to enable Lessor to prepare records, reports,
      and
      logs required by the FCC or other local, state, or federal government agencies.
      Nothing in the Agreement is intended, nor shall be deemed to, constitute a
      transfer of control of the Station to the Lessee. 

    
      
        
        

      

      
        2

        
          

        

      

      
        
        

      

    

     

    

    11. Force
      Majeure.
      Any
      failure or impairment of the Station facilities or any delay or interruption
      in
      broadcasting programs, or the failure at any time to furnish facilities, in
      whole or in part, for broadcasting, due to acts of God, strikes, or threats
      thereof, force majeure, or to causes beyond the control of Lessor, shall not
      constitute a breach of this Agreement, and Lessor will not be liable to Lessee
      except that the Monthly LMA Fee shall be abated during the term of any such
      failure, impairment, or interruption. In the event that the FCC revokes or
      terminates the license for the Station for any reason, this Agreement shall
      terminate and neither party shall have any claim against or any liability to
      the
      other party as a result of the termination or revocation of the Station license
      except that the Deposit shall be promptly returned to Lessee. 

    

    12. Right
      to Use the Programs.
      The
      right to use the programs produced or broadcast by Lessee and to authorize
      their
      use in any manner and in any media whatsoever shall be, and remain, vested
      in
      Lessee.

    

    13. Payola.
      Lessee
      agrees that it will not accept any compensation of any kind of gift or gratuity
      of any kind whatsoever, regardless of its value or form, including, but not
      limited to, a commission, discount, bonus, materials, supplies, or other
      merchandise, services, or labor, whether or not pursuant to written contracts
      or
      agreements between Lessee and merchants or advertisers, unless the payer is
      identified in the program as having paid for or furnished such consideration
      in
      accordance with FCC requirements.

    

    14. Option
      to Acquire.
        

     

    15.1
      Option.
      

    

    (a) Two
      Year Option.
      On or
      before February 1, 2007, Lessee may purchase an option to acquire the Station
      (the “First Purchase Option”) by paying to Lessor the sum of Eighty Thousand
      Dollars ($80,000.00) (the “Option Payment”) to acquire all of the permits,
      licenses, leases, equipment, and other assets of the Station for the purchase
      price (the “Purchase Price”) of Three Million Two Hundred Thousand Dollars
      ($3,200,000.00) (the “Option Purchase Price”), inclusive of the Option Payment.
      Provided Lessee is not in breach of this Agreement, Lessee may exercise the
      Purchase Option at any time prior August 1, 2008, on which date at midnight
      the
      Purchase Option shall expire (the “Option Expiration Date”), if notice of the
      exercise has not been received by Lessor.

     

    15.2 Exercise
      of Option.
      Lessee
      shall exercise its Option to purchase the Station by providing written notice
      of
      its election to exercise its Option no later than the Option Expiration Date.
      In
      the event that Lessee does not exercise its Option, then the Option Payment
      shall be retained by Lessor. In the event that Lessee exercises its Option,
      but
      the Commission refuses to consent to assignment of the Station to Lessee,
      Lessee’s Option Payment shall be refunded. 

    

    15.3 Assets
      to be Transferred.
      In the
      event Lessee exercises the Purchase Option, at Closing, Lessor shall assign,
      or
      cause to be assigned, to Lessee, all of the following assets of Lessor on the
      Closing Date:

    

    (a)Station
      License.
      All
      licenses, permits and authorizations issued or granted by the Commission for
      the
      operation of or used in connection with the operation of the Station
      (collectively, “Commission Authorizations”):

    

    (b) Leased
      Real Property.
      The
      leasehold estate comprising Lessor’s tower site and transmitter storage location
      for the Station located on the American Tower bearing tower registration number
      1009986 (“Tower Lease”).

    

    (c) Tangible
      Personal Property.
      All of
      Lessor’s rights in and to the fixed and tangible personal property owned by
      Lessor and used in the operation of the Station, including the physical assets,
      together with replacements thereof, and additions and alterations thereto,
      made
      between the date hereof and the Closing Date.

     

    
      
        
        

      

      
        3

        
          

        

      

      
        
        

      

    

    (d) Liabilities
      Assumed by Lessee.
      As
      further consideration for the transfer of the Assets to Lessee, Lessee agrees,
      upon the terms and subject to the conditions set forth herein, to assume, at
      the
      Closing, and thereafter to pay, perform and discharge the Tower Lease. Lessee
      shall assume no other liabilities.

    

    All
      the
      assets and properties being transferred to Lessee pursuant to this Agreement
      are
      collectively referred to herein as the “Assets”.

    

    15.4 Closing;
      Closing Date.
      The
      closing of the transactions contemplated hereby (the “Closing”) shall take place
      (i) at 518 Peoples Street, Corpus Christi, Texas on the first Tuesday after
      final approval by the Commission of assignment of the Station license to Lessee;
      or (ii) at such other time or place or on such other date as the parties hereto
      shall agree. The date on which the Closing is required to take place is herein
      referred to as the “Closing Date”. At the Closing, subject to the satisfaction
      or waiver of the conditions to its obligations set forth in this Agreement,
      each
      of the parties hereto shall make the following deliveries or such deliveries
      in
      substitution therefor as are satisfactory to the indicated
      recipient:

    

    (a) Deliveries
      by Lessor.

    

    (1)Lessor
      shall deliver to Lessee a Bill of Sale substantially in the form of Exhibit
      2
      (the “Bill of Sale”).

    

    (2)Lessor
      shall deliver possession of the Assets to Lessee.

    

    (b) Deliveries
      by Lessee.
      Lessee
      shall deliver to Lessor the Option Purchase Price.

    

    15.5Warranties
      of Lessor.
      Lessor
      represents and warrants to Lessee that:

    

    (a) Corporate
      Organization.
      Lessor
      is a limited liability company duly organized, validly existing and in good
      standing under the laws of the State of Texas.

    

    (b) Authority
      Relative to this Agreement.
      Lessor
      has full power and authority to execute, deliver and perform this Agreement
      and
      to consummate the transactions contemplated hereby.

    

    (c) Exclusive
      Operation of Station.
      Lessor
      holds an authorized license for the Station, which license was issued by the
      Commission. 

    

    (d) Title
      to Assets.
      Lessor
      is the owner of, and has good and indefeasible title to, all the Assets, free
      and clear of all encumbrances. Upon Lessor’s transfer of the Assets to Lessee,
      pursuant to this Agreement, Lessee will have good and indefeasible title to
      all
      the Assets, free and clear of all encumbrances.

    

    (e) Sufficiency
      and Condition of Assets.
      All the
      Assets will be on the Closing Date, in the case of tangible assets and
      properties, in the same operating condition and repair (ordinary wear and tear
      excepted) as they are on the date of this Agreement and have been maintained
      in
      accordance with sound engineering practice. All tangible assets and properties
      included in the Assets are in Lessor’s possession or under its
      control.

    

    (f) Brokerage
      Fees.
      Neither
      Lessor nor any of its affiliates has retained any financial advisor, broker,
      agent, or finder or paid or agreed to pay any financial advisor, broker, agent,
      or finder on account of this Agreement or any transaction contemplated hereby.
      Lessor shall indemnify and hold harmless Lessee from and against any and all
      losses, claims, damages and liabilities (including legal and other expenses
      reasonably incurred in connection with investigating or defending any claims
      or
      actions) with respect to any finder’s fee, brokerage commission or similar
      payment in connection with any transaction contemplated hereby asserted by
      any
      person on the basis of any act or statement made or alleged to have been made
      by
      Lessor or any of its affiliates.

    

    15.6 Warranties
      of Lessee.
      Lessee
      represents and warrants to Lessor.

    

    (a) Corporate
      Organization.
      Lessee
      is a corporation duly organized, validly existing and in good standing under
      the
      laws of the State of Florida.

    
      
        
        

      

      
        4

        
          

        

      

      
        
        

      

    

    

    (b) Authority
      Relative to This Agreement.
      Lessee
      has full power and authority to execute, deliver and perform this Agreement
      and
      to consummate the transactions contemplated hereby.

    

    (c) Brokerage
      Fees.
      Neither
      Lessee nor any of its affiliates has retained any financial advisor, broker,
      agent, or finder or paid or agreed to pay any financial advisor, broker, agent,
      or finder on account of this Agreement or any transaction contemplated hereby.
      Lessee shall indemnify and hold harmless Lessor from and against any and all
      losses, claims, damages and liabilities (including legal and other expenses
      reasonably incurred in connection with investigating or defending any claims
      or
      actions) with respect to any finder-‘s fee, brokerage commission or similar
      payment in connection with any transaction contemplated hereby asserted by
      any
      person on the basis of any act or statement made or alleged to have been made
      by
      Lessee or any of its affiliates.

    

    15.7 Additional
      Agreements.

    

    (a) Third
      Party Consents.
      Lessor
      and Lessee shall use their best efforts to obtain all consents, approvals,
      orders, authorizations, and waivers of, and to effect all declarations, filings,
      and registrations with, all third parties (including Governmental Entities)
      that
      are necessary, required, or deemed by Lessee to be desirable to enable Lessor
      to
      transfer the Assets to Lessee as contemplated by this Agreement and to otherwise
      consummate the transactions contemplated hereby. 

    

    (b) Best
      Efforts.
      Each
      party hereto agrees that it will not voluntarily undertake any course of action
      inconsistent with the provisions or intent of this Agreement and will use its
      best efforts to take, or cause to be taken, all action and to do, or cause
      to be
      done, all things reasonably necessary, proper or advisable under applicable
      laws
      to consummate the transactions contemplated by this Agreement.

    

    16. Indemnification;
      Warranty.
      Lessee
      will indemnify and hold Lessor harmless against all liability, including all
      legal fees, for libel, slander, illegal competition or trade practice,
      infringement of trade marks, trade names, or program titles, violation of rights
      of privacy, infringement of copyrights and proprietary rights and monetary
      sanctions imposed by the FCC pertaining to violations of FCC rules, regulations
      and policies resulting from the broadcast of programming furnished by Lessee.
      Lessor reserves the right to refuse to broadcast any program containing matter
      which is, or in the reasonable opinion of the Lessor may be, or which a third
      party claims to be, violative of any right of theirs or which may constitute
      a
      personal attack as the term is defined by the FCC. Lessee’s obligation to hold
      Lessor harmless against the liabilities specified above shall survive any
      termination of this Agreement. Lessor shall indemnify, defend, and hold Lessee
      harmless against all liability, including all legal fees, including but not
      limited to those relating to copyright infringement, libel, slander, defamation or invasion
      of privacy, arising out of: (i) Lessor’s broadcast or programs other than those
      provided by Lessee on the Station; or (ii) any misrepresentation or breach
      of
      any covenant, warranty, or agreement of Lessor in this Agreement.

    

    17.
       Events
      of Default: Cure Periods and Remedies. The
      following shall, after the expiration of the applicable cure periods, constitute
      Events of Default under the Agreement and shall result in the termination of
      this Agreement:

    

    (a) Non-Payment.
      Lessee’s failure to timely pay the Monthly LMA Fee provided for in Paragraph 2
      hereof;

    

    (b) Default
      in Covenants or Adverse Legal Action.
      The
      default by either party hereto in the material observance or performance of
      any
      material covenant, condition or agreement contained herein, or if either party
      shall (a) make a general assignment for the benefit of creditors, or (b) files
      or has filed against it a petition for bankruptcy, for reorganization or an
      arrangement, or for the appointment of a receiver.

    

    (c) Cure
      Periods.
      An
      Event of Default shall not be deemed to have occurred until ten (10) business
      days after the nondefaulting party has provided the defaulting party with
      written notice specifying the event or events that if not cured would constitute
      an Event of Default and specifying the actions necessary to cure within such
      period.

    
      
        
        

      

      
        5

        
          

        

      

      
        
        

      

    

    18. Notice. 
      All
      notices, requests, demands, and other communications required or permitted
      to be
      given or made hereunder by any party hereto shall be in writing and shall be
      deemed to have been duly given or made if (i) delivered personally, (ii)
      transmitted by first class registered or certified mail, postage prepaid, return
      receipt requested, (iii) sent by prepaid overnight courier service, (iv) sent
      by
      telecopy or facsimile transmission, (v) sent by electronic mail, with
      confirmation of receipt, to the parties at the following addresses (or at such
      other addresses as shall be specified by the parties by like
      notice):

    

    If
      to
      Lessee: Fuego
      Entertainment Media Group, LLC

    19250
      NW
      89th. Court

    Miami,
      Florida,
      33018

    Office:
      305 829-3337

    Fax:
      305
      829- 3347

    

    If
      to
      Lessor: Mako
      Communications, LLC

    Attn:
      Howard Mintz

    518
      Peoples Street 

    Corpus
      Christi, Texas 78401

    Fax:
      361-883-3160

    Email:
      minick@swbell.net 

    

    19. Assignment.
      This
      Agreement shall be binding upon and inure to the benefit of the parties hereto,
      their successors and permitted assigns. Notwithstanding the foregoing, neither
      Lessor nor Lessee may assign this Agreement without the prior written consent
      of
      the other party.

    

    20. Applicable
      Law.
      This
      Agreement shall be construed and enforced in accordance with the laws of the
      state of Texas applicable to contracts entered into and performed in said state
      and without regard to choice of law principles. 

    

    21. Subject
      to Laws; Invalidity.
      The
      obligations of the parties under this Agreement are subject to FCC requirements,
      the Act, and other applicable laws. The parties acknowledge that this Agreement
      is intended to comply with FCC requirements. However, in the event that the
      FCC
      determines that the continued performance of this Agreement is in violation
      of
      FCC requirements, each party will use its commercially reasonable efforts to
      comply with FCC requirements or will in good faith contest or seek to reverse
      any such action or agree on the terms of a revision to this Agreement, in each
      case, on a time schedule sufficient to meet FCC requirements and so long as
      the
      fundamental nature of the business arrangement between the parties evidenced
      by
      this Agreement is maintained. If any provision of this Agreement is otherwise
      held to be illegal, invalid, or unenforceable under present or future laws,
      then
      such provision shall be fully severable, this Agreement shall be construed
      and
      enforced as if such provision had never comprised a part thereof, and the
      remaining provisions shall remain in full force and effect, in each case so
      long
      as the fundamental nature of the business relationship of the parties has been
      maintained.

    

    22. Entire
      Agreement. This
      Agreement embodies the entire understanding among the parties with respect
      to
      the subject matter hereof, and supersedes any prior of contemporaneous written
      or oral agreements between the parties regarding such subject
      matter.

    

    23. Relationship
      of Parties.
      Lessor
      and Lessee are not, and shall not be deemed to be, agents, partners, or
      representatives of each other.

    

    [Signature
      page follows.]

    

    
      
        
        

      

      
        6

        
          

        

      

      
        
        

      

    

    

    

    

    IN
      WITNESS WHEREOF, the parties have executed this Agreement as of the date first
      above written.

    

    Lessor:
          MAKO
      COMMUNICATIONS, LLC

    A
      Texas
      Limited Liability Company

    

    

    

    By:
      /s/ Amanda Mintz

    Amanda
      Mintz

    Title:Managing
      Member

    

    

    Lessee:
          FUGO
      ENTERTAINMENT MEDIA GROUP, LLC 

    

    

    

    By:
      /s/ Hugo
      M. Cancio

    
      Hugo
        M.
        Cancio

    

    Title:
      President & CEO

     

     
7

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