AMENDED AND RESTATED
STOCK PURCHASE AGREEMENT
BY AND AMONG
PAXSON COMMUNICATIONS CORPORATION
AND
D P MEDIA, INC., ROSLYCK PAXSON, DEVON PAXSON,
THE TODD LOWELL PAXSON SUPPORT TRUST, THE JULIE
LOUISE PAXSON SUPPORT TRUST, THE DEVON PAXSON
IRREVOCABLE CHILDREN'S TRUST, AND THE ROSLYCK
PAXSON IRREVOCABLE CHILDREN'S TRUST
NOVEMBER 21, 1999
TABLE OF CONTENTS
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SECTION 1. DEFINITIONS............................................................................
SECTION 2. PURCHASE AND SALE OF STOCK.............................................................
2.1 Agreement to Sell and Buy..............................................................
2.2 Assets at Closing......................................................................
2.3 Excluded Assets........................................................................
2.4 Liabilities at Closing.................................................................
2.5 Purchase Price.........................................................................
SECTION 3. REPRESENTATIONS AND WARRANTIES OF SELLERS..............................................
3.1 Organization, Standing, and Authority..................................................
3.2 Authorization and Binding Obligation...................................................
3.3 Absence of Conflicting Agreements......................................................
3.4 Licenses...............................................................................
3.5 Contracts..............................................................................
3.6 Consents...............................................................................
3.7 Reports...............