MEMORANDUM OF UNDERSTANDINGMemorandum of Understanding • April 30th, 2009 • Cox Radio Inc • Radio broadcasting stations • Delaware
Contract Type FiledApril 30th, 2009 Company Industry JurisdictionWHEREAS, the parties to the action in the Court of Chancery of the State of Delaware (the “Delaware Court”) styled In re Cox Radio, Inc. Shareholders Litigation, Consol. C.A. No. 4461-VCP (the “Delaware Action”) have reached an agreement-in-principle providing for the settlement of the Delaware Action on the terms and subject to the conditions set forth below;