Dear Mr. Ludwig:Collateral Letter • August 28th, 2008 • Debut Broadcasting Corporation, Inc. • Radio broadcasting stations
This Sun Trust Collateral Letter dated August 22, 2008 is entered into by and between SunTrust and Debut Broadcasting Mississippi, Inc. ("Borrower"). Sun Trust and Borrower simultaneous herewith have entered into a Commercial Note and Loan Facility in the amount of $500,000 ("the Loan") secured by certain Collateral owned by Borrower. SunTrust hereby agrees that the Collateral subject to the Loan is confined only to the radio station assets currently or hereafter owned by Borrower that relate to Borrower's ownership, control or operation of certain radio stations located in and around Greenville, MS and known as WIQQ-FM, WBAQ-FM, WNIX-AM, WNLA-AM and WNLA-FM (the "Greenville Stations"). The Collateral does not include any radio station assets not used in connection with the ownership, control or operation of the Greenville Stations that Borrower presently or in the future owns, controls or operates pursuant to a Time Brokerage Agreement including but not limited to WBBV-F M and KLSM-FM
