0001193125-12-069208 Sample Contracts

CLEAR CHANNEL OUTDOOR HOLDINGS, INC. STOCK OPTION AGREEMENT
Stock Option Agreement • February 21st, 2012 • CC Media Holdings Inc • Radio broadcasting stations • Delaware

THIS STOCK OPTION AGREEMENT (the “Agreement”), made as of this day of , 20 (the “Grant Date”) by and between Clear Channel Outdoor Holdings, Inc., a Delaware corporation (the “Company”), and (the “Optionee”), evidences the grant by the Company of an Option to purchase a certain number of shares of the Company’s Class A common stock, $.01 par value (the “Common Stock”) to the Optionee on such date and the Optionee’s acceptance of this Option (as defined below) in accordance with the provisions of the Clear Channel Outdoor Holdings, Inc. 2005 Stock Incentive Plan, as amended and restated (the “Plan”). All capitalized terms not defined herein shall have the meaning ascribed to them as set forth in the Plan. The Company and the Optionee agree as follows:

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EXECUTIVE OPTION AGREEMENT Optionee: Scott Hamilton
Executive Option Agreement • February 21st, 2012 • CC Media Holdings Inc • Radio broadcasting stations

This Option and any securities issued upon exercise of this Option are subject to restrictions on transfer and requirements of sale and other provisions as set forth below.

AIRCRAFT LEASE AGREEMENT
Aircraft Lease Agreement • February 21st, 2012 • CC Media Holdings Inc • Radio broadcasting stations • New York

THIS AIRCRAFT LEASE AGREEMENT (“Agreement”) is entered into as of the 16th day of November, 2011 (“Effective Date”), by and between Yet Again Inc., a corporation organized and existing under the laws of Delaware (“Lessor”) and Clear Channel Broadcasting, Inc., a corporation organized and existing under the laws of Nevada (“Lessee”).

SEVERANCE AGREEMENT AND GENERAL RELEASE
Severance Agreement and General Release • February 21st, 2012 • CC Media Holdings Inc • Radio broadcasting stations • Texas

This Severance Agreement and General Release (“Agreement”) is made and entered into by Ronald Cooper, Employee ID No.: 1095601 (hereinafter referred to as “Employee”), and Clear Channel Outdoor Holdings, Inc., (hereinafter referred to as “CCOH”) in full and final settlement of any and all claims Employee may have or hereafter claim to have against CCOH and all of its past, present and future parents, subsidiaries and affiliates and their employees, officers, directors, agents, insurers and legal counsel (hereinafter referred to as “Company”).

CLEAR CHANNEL 2008 EXECUTIVE INCENTIVE PLAN AMENDMENT TO SENIOR EXECUTIVE OPTION AGREEMENT
Senior Executive Option Agreement • February 21st, 2012 • CC Media Holdings Inc • Radio broadcasting stations

The Senior Executive Option Agreement dated July 30, 2008 by and between the Optionee and CC Media Holdings, Inc. (the “Company”) pursuant to Section 9 of the Clear Channel 2008 Executive Incentive Plan is hereby amended as follows, effective as of the date set forth below. All terms not defined herein shall have the same meaning as in the Senior Executive Option Agreement.

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