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SBCrtRITY INTBRBST NODIFICAT~0~1 A6RB~tBNT
THI3 AGRIISMBNT ~ad~ this dar of June, 1979, br
aad bttr~e~ MBDIA IHVBS'PORS, LTD., a Nissouri Li~ited Partnsrship
(h~rainafter call~d Msdia) utd QULBS?RSl1M DROJID~IIS?IHG C0. , IHC. ,
a P~orida Corporation, (l~ereinafter calied Gulfstreaa).
NHBRBAS;`b~?..3ecuritr ll~reea~ent dated Deceaber 2Z, 1978.
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liedia, in comnectfoa ~?ith.a certain purchase transaction exscnt~d
aad deif~ered a Pro~issor~r Note to Gnlfstreu in the principal .
aaount of Fi~e Hundred Sixtr Trro Thousand Fi~e Hundred aad No/100
Doliars (=562,500.00) secured by a purchase ~oner first securitr
intsrest on certain personal property described in Bshibit A attached
hersto; and
MNBRBAS, the consideration. in part, for the execution .
snd deli~er~? of said Proaissorp Note and Securitr Agree~ent Mas
the fee si~pie transfer of the assets set forth in Exhibi~t A attached
~ heieto,.free and clear of anr clai~s, liens or encu~brances
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rhatsoev~r, ezcept taxes for the current rear, ~+hich transfer Mas
a part of an o~esaii wgreeaent betMeen the parties hereto for
the sale snd purchsse of Radio Station MFTP-/IM, with propertr,
equip~ent and license pertaining thereto; and
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~ NNBRBAS, the Agresaent for such sale snd purchase of
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~ said Radio Station has baen ~ntuallr iodified br the psrties
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~ so as to pro~ide that Media assunae the outstanding obligstian,
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oxin~ to Sun Bank of St. Lncie County, the original pr.incipal uount
~ of ~~4,000.00 secured br a portion of the propertr set forth in
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~ attached Exhibit "A" valued at s109,000.00, therebr ¦alciag the
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~ seucirty interest gi~en by Media to Gulfstrea~ a Purchase Moner
~ Second security interest, ar~d further ~odifring the Agree~ent betMeen
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- the parties, therebr reaulting in the execution and de2i~es~r~of
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~ ' a Pro~issorp Note in the principal aaount of =50,000.00 fra~ Media %
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~ to Guifstrea~ as ~ore particular2r set forth in Exhibit B attached
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~ hereto and the exscution and delinery of a Pro~issory Note ia the ~
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~ aaount of 'tLree Hundred Hi~netr Thousand One Hundred 1'wenty and 61/100
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~ a 390~,120.61) as wore particularlr set forth in Ezhibit C attsched
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