TIME BROKERAGE AGREEMENT
This Time Brokerage Agreement ("Agreement") is made and entered into as
of April 27, 1998, by and between The Freedom Network, Inc., a Delaware corpora
tion ("Freedom"), and Radio Unica Corp., a Delaware corporation ("Programmer").
W I T N E S S E T H
WHEREAS, an application is pending before the Federal Communications
Commission ("FCC") to assign the license for commercial AM broadcast station
KDFT , licensed to broadcast on frequency 540 kHz at Ferris, Texas (the
"Station"), to Freedom;
WHEREAS, Freedom has entered a Local Marketing Agreement ("LMA") with
the licensee of Station to broker broadcast time on the Station in accordance
with the FCC rules;
WHEREAS, Freedom has such broadcast time available and desires that
Programmer provide radio programming during that time, subject to the terms of
this Agreement and consistent with the LMA;
WHEREAS, Programmer desires to purchase time on the Station to present
its programming and to sell advertising time for inclusion in said programming,
and is willing to purchase that broadcast time, subject to the terms of this
NOW, THEREFORE, for and in consideration of the mutual covenants herein
contained, the parties hereto have agreed and do agree as follows:
1. Agreement Subject To LMA. The parties hereby acknowledge that
Freedom is not yet the FCC licensee of the Station, and as such does not
exercise control over the operations of the station or ultimate authority over
the programming on the Station. Moreover, until the consummation of the
assignment of the FCC licenses for the Station to Freedom, this Agreement is
subject to, and shall be interpreted in accordance with, the LMA between Freedom
and the FCC Licensee, a copy of which has been provided to Programmer. Prior to
the consummation of the assignment, "FCC Licensee" shall refer to Richard E.
Witkovski. Subsequent to the consummation of the assignment, "FCC Licensee"
shall refer to Freedom.
2. Term. The term of this Agreement shall commence on a date not
earlier than May 11, 1998 or later than May 18, 1998 (the "Commencement Date").
The Commencement Date shall be selected by Freedom by giving not less than ten
(10) days prior notice to Programmer. Starting on the Commencement Date, Freedom
agrees to make broadcast time available to Programmer in accordance with the
schedule described below and to cause to be broadcast on the Station the Pro
grammer's radio programs. This Agreement shall terminate on the second anniver
sary of the Commencement Date, unless extended by mutual agreement of the
parties hereto or terminated sooner pursuant to the terms of this Agreement.
3.1 Monthly Payments. As consideration for the air time made
available hereunder, Programmer shall make monthly payments to Freedom as set
forth in Attachment I hereto.