CLEAR CHANNEL OUTDOOR HOLDINGS, INC. AMENDED AND RESTATED STOCK OPTION AGREEMENTStock Option Agreement • August 12th, 2011 • Clear Channel Outdoor Holdings, Inc. • Services-advertising • Delaware
THIS AMENDED AND RESTATED STOCK OPTION AGREEMENT (the “Agreement”), made as of this 11th day of August, 2011 by and between Clear Channel Outdoor Holdings, Inc., a Delaware corporation (the “Company”), and William Eccleshare (the “Optionee”), evidences the grant by the Company of Options to purchase a certain number of shares of the Company’s Class A common stock, $.01 par value (the “Common Stock”) to the Optionee on such dates set out below and the Optionee’s acceptance of these Options (as defined below) in accordance with the provisions of the Clear Channel Outdoor Holdings, Inc. 2005 Stock Incentive Plan, as amended and restated (the “Plan”). This Agreement amends and restates that certain Stock Option Agreement made as of the 17th day of September, 2009 by and between the Company and the Optionee (the “Original Agreement”), and the Optionee hereby acknowledges that the Optionee shall have no further rights to any Options under the Original Agreement which have not been granted as
