0001495608-12-000009 Sample Contracts

CLEAR CHANNEL OUTDOOR HOLDINGS, INC. RESTRICTED STOCK UNIT AWARD AGREEMENT
Restricted Stock Unit Award Agreement • July 27th, 2012 • Clear Channel Outdoor Holdings, Inc. • Services-advertising • Delaware

THIS RESTRICTED STOCK UNIT AWARD AGREEMENT (the “Agreement”), made as of this 26th day of July, 2012 (the “Grant Date”) by and between Clear Channel Outdoor Holdings, Inc., a Delaware corporation (the “Company”), and Christopher William Eccleshare (the “Grantee”), evidences the grant by the Company of an award of restricted stock units (the “Award”) to the Grantee on such date and the Grantee's acceptance of the Award in accordance with the provisions of the Clear Channel Outdoor Holdings, Inc. 2012 Stock Incentive Plan, (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 Grantee agree as follows:

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EMPLOYMENT AGREEMENT
Employment Agreement • July 27th, 2012 • Clear Channel Outdoor Holdings, Inc. • Services-advertising • New York

This Employment Agreement (“Agreement”) is between Clear Channel Outdoor Holdings, Inc. (the “Company”) and Christopher William Eccleshare (“Employee”).

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