Exchange, Purchase and Sale Agreement Sample Contracts

EXCHANGE, PURCHASE AND SALE AGREEMENT by and among SALEM MEDIA GROUP, INC., THE GUARANTORS PARTY HERETO and THE NOTEHOLDER PARTIES PARTY HERETO September 10, 2021

Exchange, Purchase and Sale Agreement • September 16th, 2021 • Salem Media Group, Inc. /De/ • Radio broadcasting stations • New York

• Contract Type
  Exchange, Purchase and Sale Agreement
• Filed
  September 16th, 2021
• Company
  Salem Media Group, Inc. /De/
• Industry
  Radio broadcasting stations
• Jurisdiction
  New York

THIS EXCHANGE, PURCHASE AND SALE AGREEMENT (this “Agreement”) is dated as of September 10, 2021, by and among Salem Media Group, Inc., a Delaware corporation (the “Company”), the guarantors listed on Schedule I hereto (the “Guarantors”), each of the persons listed on Schedule II hereto (the “Sellers”), each of the persons listed on Schedule III hereto (the “Purchasers”), and each of the persons listed on Schedule IV hereto (the “Exchanging Holders” and, together with the Sellers, the “Consenting Holders”; together with the Purchasers, the “Noteholder Parties”). Terms used but not defined herein shall have the meanings ascribed to such terms in the Indenture (as defined below).