0001193125-21-069290 Sample Contracts

EMPLOYMENT AGREEMENT
Employment Agreement • March 4th, 2021 • Salem Media Group, Inc. /De/ • Radio broadcasting stations • California

This Employment Agreement (the “Agreement”) is entered into effective as of January 3, 2021, by and between Stuart W. Epperson, an individual (“Executive”), and Salem Communications Holding Corporation, a Delaware corporation (the “Company”).

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AMENDMENT NUMBER FOUR TO CREDIT AGREEMENT AND WAIVER
Credit Agreement and Waiver • March 4th, 2021 • Salem Media Group, Inc. /De/ • Radio broadcasting stations

This AMENDMENT NUMBER FOUR TO CREDIT AGREEMENT AND WAIVER (this “Amendment”), dated as of October 20, 2020 is entered into by and among the lenders signatory hereto (such lenders, together with their respective successors and permitted assigns, are referred to hereinafter each individually as a “Lender” and collectively, the “Lenders”), WELLS FARGO BANK, NATIONAL ASSOCIATION, a national banking association, as administrative agent for each member of the Lender Group and the Bank Product Providers (in such capacity, together with its successors and assigns in such capacity, “Agent”), SALEM MEDIA GROUP, INC., a Delaware corporation (“Parent”), the Subsidiaries of Parent identified on the signature pages hereof as “Borrowers”, and those additional entities that hereafter become parties to the Credit Agreement (as defined below) as Borrowers in accordance with the terms thereof by executing the form of Joinder attached thereto as Exhibit J-1 (together with Parent, each, a “Borrower” and in

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