SALEM MEDIA GROUP, INC. Issuer AND U.S. BANK TRUST COMPANY, NATIONAL ASSOCIATION, as Trustee INDENTURE Dated as of , 20 Debt SecuritiesIndenture • December 9th, 2022 • Inspiration Media Inc • Radio broadcasting stations • New York
INDENTURE, dated as of , 20 , among SALEM MEDIA GROUP, INC., a Delaware corporation (the “Company”), and U.S. BANK TRUST COMPANY, NATIONAL ASSOCIATION, a national banking association organized under the laws of the United States, as trustee (the “Trustee”):
