0000950144-09-002269 Sample Contracts

Cumulus Media Inc. 2008 Equity Incentive Plan Stock Option Award Agreement Award No. _______
Stock Option Award Agreement • March 16th, 2009 • Cumulus Media Inc • Radio broadcasting stations • Georgia

You are hereby awarded the following stock option (the “Option”) to purchase Class A Common Stock, $.01 par value, of Cumulus Media Inc. (the “Company”), subject to the terms and conditions set forth in this Stock Option Award Agreement (this “Award”) and in the Cumulus Media Inc. 2008 Equity Incentive Plan (the “Plan”), a summary plan description of which is attached hereto as Exhibit A. You should carefully review these documents, and consult with your personal financial advisor, in order to fully understand the implications of this Award, including your tax alternatives and their consequences.

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