OPTION AGREEMENTOption Agreement • August 14th, 2009 • Westwood One Inc /De/ • Services-amusement & recreation services • New York
This OPTION AGREEMENT, dated as of December 22, 2008 (this “Agreement”), is by and among WESTWOOD ONE, INC., a Delaware corporation (“Parent”), TLAC, Inc., a Delaware corporation and wholly owned subsidiary of Parent (“Merger Sub”), TRAFFICLAND, INC., a Delaware corporation (the “Company”), and P. Richard Zitelman, in his capacity as Stockholder Representative (the “Stockholder Representative”). Parent, Merger Sub, the Company and the Stockholder Representative are sometimes collectively referred to herein as the “Parties,” and each, a “Party”).
