TERMINATION AGREEMENT AND RELEASETermination Agreement and Release • May 12th, 2008 • Cumulus Media Inc • Radio broadcasting stations • Delaware
This TERMINATION AGREEMENT AND RELEASE, dated as of May 11, 2008 (this “Agreement”), is entered into by and among Cloud Acquisition Corporation, a Delaware corporation (“Parent”), Cloud Merger Corporation, a Delaware corporation and a wholly-owned subsidiary of Parent (“Merger Sub”), Cumulus Media Inc., a Delaware corporation (the “Company”) and, for purposes of Section 3(b) only, ML IBK Positions, Inc. (the “Guarantor”). Each of the foregoing are collectively referred to herein as the “Parties” and each individually as a “Party”. Capitalized terms used but not defined in this Agreement shall have the respective meanings given to them in the Merger Agreement (as defined below).
