0001193125-07-186008 Sample Contracts

EMPLOYMENT AGREEMENT
Employment Agreement • August 20th, 2007 • Equity Media Holdings CORP • Television broadcasting stations • Florida

This Employment Agreement (the “Agreement”) is entered into as of May 7, 2007 (“Effective Date”), by and between Mark Dvornik, residing at 2641 Round Table Boulevard, Lewisville, Texas 75056 (“Employee”), and Equity Media Holdings Corporation, a Delaware corporation (“Company”).

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OPTION AGREEMENT PURSUANT TO THE EQUITY MEDIA HOLDINGS CORPORATION
Option Agreement • August 20th, 2007 • Equity Media Holdings CORP • Television broadcasting stations • Florida

AGREEMENT (this “Agreement”), dated as of May 9, 2007, by and between Equity Media Holdings Corporation, a Delaware Corporation, whose principal place of business is Palm Beach County Florida (the “Company”) and Thomas M. Arnost (the “Participant”).

EMPLOYMENT AGREEMENT
Employment Agreement • August 20th, 2007 • Equity Media Holdings CORP • Television broadcasting stations • Florida

This Employment Agreement (the “Agreement”) is entered into as of May 9, 2007, (“Effective Date”), by and between Thomas M. Arnost, residing at 5226 Shoshone Avenue, Encino, California 91316, (“Employee”), and Equity Media Holdings Corporation, a Delaware corporation (“Company”).

OPTION AGREEMENT PURSUANT TO THE EQUITY MEDIA HOLDINGS CORPORATION
Option Agreement • August 20th, 2007 • Equity Media Holdings CORP • Television broadcasting stations

AGREEMENT (this “Agreement”), dated as of May 7, 2007, by and between Equity Media Holdings Corporation, a Delaware Corporation, (the “Company”) and Mark Dvornik (the “Participant”).

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