$97,000,000
 CREDIT AGREEMENT
 Dated as of April 27, 2010
 among
 REGENT BROADCASTING, LLC, as Borrower
 REGENT COMMUNICATIONS, INC., AS ONE OF THE GUARANTORS
 THE LENDERS PARTY HERETO
 and
 GENERAL ELECTRIC CAPITAL CORPORATION,
AS ADMINISTRATIVE AGENT AND COLLATERAL AGENT
   
 GE CAPITAL MARKETS, INC.,
AS SOLE LEAD ARRANGER AND BOOKRUNNER




---



##### 



ARTICLE 1 DEFINITIONS, INTERPRETATION AND ACCOUNTING TERMS
    
    
    1Section 1.1 Defined Terms
    
    
    1Section 1.2 UCC Terms
    
    
    27Section 1.3 Accounting Terms and Principles
    
    
    28Section 1.4 Payments
    
    
    28Section 1.5 Interpretation
    
    
    28ARTICLE 2 THE FACILITIES
    
    
    29Section 2.1 The Revolving Credit Commitments and Loans
    
    
    29Section 2.2 Borrowing Procedures
    
    
    29Section 2.3 Reduction and Termination of the Revolving Credit Commitments
    
    
    30Section 2.4 Repayment of Loans
    
    
    31Section 2.5 Optional Prepayments
    
    
    31Section 2.6 Mandatory Prepayments
    
    
    31Section 2.7 Interest
    
    
    32Section 2.8 Conversion and Continuation Options
    
    
    33Section 2.9 Fees
    
    
    33Section 2.10 Application of Payments
    
    
    33Section 2.11 Payments and Computations
    
    
    34Section 2.12 Evidence of Debt
    
    
    35Section 2.13 Suspension of Eurodollar Rate Option
    
    
    36Section 2.14 Breakage Costs; Increased Costs; Capital Requirements
    
    
    37Section 2.15 Taxes
    
    
    38Section 2.16 Substitution of Lenders
    
    
    40ARTICLE 3 CONDITIONS TO LOANS AND LETTERS OF CREDIT
    
    
    41Section 3.1 Conditions Precedent to Effectiveness
    
    
    41Section 3.2 Conditions Precedent to Each Revolving Loan
    
    
    43Section 3.3 Determinations of Satisfaction of Conditions Precedent
    
    
    43ARTICLE 4 REPRESENTATIONS AND WARRANTIES
    
    
    44Section 4.1 Corporate Existence; Compliance with Law
    
    
    44Section 4.2 Loan and Related Documents
    
    
    44Section 4.3 Ownership of Group Members
    
    
    45Section 4.4 Financial Statements
    
    
    45Section 4.5 Material Adverse Effect
    
    
    45Section 4.6 Solvency
    
    
    45Section 4.7 Litigation
    
    
    46
 
  (i)




---



##### 



Section 4.8 Taxes
    
    
    46Section 4.9 Margin Regulations
    
    
    46Section 4.10 No Burdensome Obligations; No Defaults
    
    
    46Section 4.11 Investment Company Act; Public Utility Holding Company Act
    
    
    46Section 4.12 Labor Matters
    
    
    47Section 4.13 ERISA
    
    
    47Section 4.14 Environmental Matters
    
    
    47Section 4.15 Intellectual Property
    
    
    48Section 4.16 Title; Real Property
    
    
    48Section 4.17 Full Disclosure
    
    
    48Section 4.18 Patriot Act
    
    
    49Section 4.19 Mortgages
    
    
    49Section 4.20 Network Affiliation Agreements/Cable Franchise
    
    
    49Section 4.21 Radio Station Licenses and FCC Licenses
    
    
    50Section 4.22 FCC Rules and Regulations
    
    
    50ARTICLE 5 FINANCIAL COVENANTS
    
    
    52Section 5.1 Maximum Consolidated Leverage Ratio
    
    
    52Section 5.2 Minimum Consolidated Fixed Charge Coverage Ratio
    
    
    52ARTICLE 6 REPORTING COVENANTS
    
    
    53Section 6.1 Financial Statements
    
    
    53Section 6.2 Other Events
    
    
    55Section 6.3 Copies of Notices and Reports
    
    
    55Section 6.4 Taxes
    
    
    56Section 6.5 Labor Matters
    
    
    56Section 6.6 ERISA Matters
    
    
    56Section 6.7 Environmental Matters
    
    
    56Section 6.8 Other Information
    
    
    57ARTICLE 7 AFFIRMATIVE COVENANTS
    
    
    57Section 7.1 Maintenance of Corporate Existence
    
    
    57Section 7.2 Compliance with Laws, Etc
    
    
    57Section 7.3 Payment of Obligations
    
    
    57Section 7.4 Maintenance of Property
    
    
    57Section 7.5 Maintenance of Insurance
    
    
    57Section 7.6 Keeping of Books
    
    
    58Section 7.7 Access to Books and Property
    
    
    58
 
  (ii)




---



##### 



Section 7.8 Environmental
    
    
    58Section 7.9 Local Service
    
    
    59Section 7.10 Additional Collateral and Guaranties
    
    
    59Section 7.11 Deposit Accounts; Securities Accounts and Cash Collateral Accounts
    
    
    60Section 7.12 License Subsidiaries
    
    
    60Section 7.13 Radio Station Licenses and FCC Licenses
    
    
    60Section 7.14 Use of Proceeds
    
    
    60ARTICLE 8 NEGATIVE COVENANTS
    
    
    60Section 8.1 Indebtedness
    
    
    60Section 8.2 Liens
    
    
    62Section 8.3 Investments
    
    
    62Section 8.4 Asset Sales
    
    
    63Section 8.5 Restricted Payments
    
    
    64Section 8.6 Prepayment of Indebtedness
    
    
    65Section 8.7 Fundamental Changes
    
    
    65Section 8.8 Change in Nature of Business
    
    
    65Section 8.9 Transactions with Affiliates
    
    
    66Section 8.10 Third-Party Restrictions on Indebtedness, Liens, Investments or
Restricted Payments
    
    
    66Section 8.11 Modification of Certain Documents
    
    
    66Section 8.12 Accounting Changes
    
    
    66Section 8.13 ; Fiscal Year
    
    
    66Section 8.14 Margin Regulations
    
    
    66Section 8.15 Compliance with ERISA
    
    
    66Section 8.16 Hazardous Materials
    
    
    67Section 8.17 Local Marketing Agreements
    
    
    67Section 8.18 License Subsidiaries
    
    
    67Section 8.19 Communication Authorizations
    
    
    67ARTICLE 9 EVENTS OF DEFAULT
    
    
    67Section 9.1 Definition
    
    
    67Section 9.2 Remedies
    
    
    69Section 9.3 Governmental Approvals
    
    
    69ARTICLE 10 THE ADMINISTRATIVE AGENT
    
    
    70Section 10.1 Appointment and Duties
    
    
    70Section 10.2 Binding Effect
    
    
    71
 
  (iii)




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##### 



Section 10.3 Use of Discretion
    
    
    71Section 10.4 Delegation of Rights and Duties
    
    
    71Section 10.5 Reliance and Liability
    
    
    71Section 10.6 Administrative Agent Individually
    
    
    73Section 10.7 Lender Credit Decision
    
    
    73Section 10.8 Expenses; Indemnities
    
    
    73Section 10.9 Resignation of Administrative Agent
    
    
    74Section 10.10 Release of Collateral or Guarantors
    
    
    74Section 10.11 Additional Secured Parties
    
    
    75ARTICLE 11 MISCELLANEOUS
    
    
    75Section 11.1 Amendments, Waivers, Etc.
    
    
    75Section 11.2 Assignments and Participations; Binding Effect
    
    
    76Section 11.3 Costs and Expenses
    
    
    79Section 11.4 Indemnities
    
    
    79Section 11.5 Survival
    
    
    80Section 11.6 Limitation of Liability for Certain Damages
    
    
    80Section 11.7 Lender-Creditor Relationship
    
    
    80Section 11.8 Right of Setoff
    
    
    80Section 11.9 Sharing of Payments, Etc
    
    
    81Section 11.10 Marshaling; Payments Set Aside
    
    
    81Section 11.11 Notices
    
    
    81Section 11.12 Electronic Transmissions
    
    
    82Section 11.13 Governing Law
    
    
    83Section 11.14 Jurisdiction
    
    
    83Section 11.15 Waiver of Jury Trial
    
    
    83Section 11.16 Severability
    
    
    83Section 11.17 Execution in Counterparts
    
    
    84Section 11.18 Entire Agreement
    
    
    84Section 11.19 Use of Name
    
    
    84Section 11.20 Non-Public Information; Confidentiality
    
    
    84Section 11.21 Patriot Act Notice
    
    
    85
 
  (iv)




---



##### 



, REGENT
BROADCASTING, LLC BORROWER REGENT
COMMUNICATIONS, INC. HOLDINGS  GENERAL ELECTRIC CAPITAL CORPORATION GE CAPITAL  ADMINISTRATIVE AGENT
  inter alia Existing Credit Agreement
 inter alia, Existing Obligations
 Initial
Cases Bankruptcy Court
 Confirmation
Order Plan
     
 Section 1.1 Defined Terms
 Administrative Agent
 
  1




---



##### 



Affected Lender Section 2.16
 Affiliate provided however control
 Agreement
 Applicable Margin
 Approved Fund
 Assignment Section 11.2 Section 11.2 Exhibit A
 Bankruptcy Court
 Base Rate plus
 Base Rate Loan
 Benefit Plan Section 3(3)
 Borrower
 
  2




---



##### 



Borrowing
 Business provided however
 Business Day
 Cable Act
 Cable Franchise Agreements
 Cable System
 Capital Expenditures
 Capital Lease
 
  3




---



##### 



Capitalized Lease Obligations
 Cash Equivalents A-1 P-1 clause (a) (b) (c) provided however clauses (a) (b) (c) (d)
 CERCLA
 Change of Control
 Closing Date Section 3.1
 Code
 
  4




---



##### 



Code of Federal Regulations
 Collateral
 Communications Laws Section 4.22
 Compliance Certificate Exhibit D
 Confirmation Order
 Consolidated
 Consolidated Cash Interest Expense less
 Consolidated Current Assets
 Consolidated Current Liabilities provided however Consolidated Current Liabilities
 Consolidated EBITDA plus
 
  5




---



##### 



Section 8.1(e) minus clause (b)(vi) clause (b)(vi)
 Consolidated Fixed Charge Coverage Ratio minus Section 8.1(c) minus
 Consolidated Fixed Charges
 Consolidated Interest Expense minus
 
  6




---



##### 



Consolidated Leverage Ratio minus
 Consolidated Net Income provided however
 Consolidated Total Debt clause (a) (b) (c)(i) (f)
 Constituent Documents
 Contractual Obligation
 Control Agreement
 Controlled Deposit Account provided however Schedule 1.1
 
  7




---



##### 



Controlled Securities Account provided however Schedule 1.1
 Copyright Act
 Copyrights
 Corporate Chart Section 7.10
 Customary Permitted Liens
 clauses (i) (ii)
 Section
4-208
  Section 9.1(f)
 
  8




---



##### 



Section 8.4 clauses (i) (ii)
    Default
 Divestiture Trust Agreement
 Dollars $
 Domestic Person United States person Section 770l(a)(30)
 E-Fax
 Electronic Transmission
 Environmental Laws
 
  9




---



##### 



Environmental Liabilities
 ERISA
 ERISA Affiliate Section 414(b) (c) Section 412 Section 414(m) (o)
 ERISA Event Section 4043(b) Section 4043(c) Section
4063 Section 4001(a)(2) Section 4041A Section 4041 Section 401 501
 E-Signature
 E-System ® ®
 Eurodollar Base Rate Eurodollar Base Rate
 
  10




---



##### 



Eurodollar Rate
 Eurodollar Rate Loan
 Eurodollar Reserve Requirements
 Event of Default Section 9.1
 Excess Cash Flow minus clauses (i), (ii),
(iii), (vii) and (viii) Section 2.6 provided however Section 2.6(a)(ii) Section 2.6(a)(i)
 
  11




---



##### 



Section 8.1(e) plus clause (c)(i)
 Existing Credit Agreement
 Existing Obligations
 FAA
 Facilities
 FCC
 FCC License Assets
 FCC Licenses
 FCC Long Form Application
 Federal Flood Insurance
 Federal Funds Rate
 Federal Reserve Board
 Fee Letter
 FEMA
 
  12




---



##### 



Financial Statement Section 4.4 6.1
 FIRREA
 Fiscal Quarter
 Fiscal Year
 Flood Insurance
 GAAP Section 1.3 GAAP Section 4.4(a)
 GE Capital
 Governmental Authority
 Group Members
 Group Members Accountants
 Guarantor Schedule 4.3
 Guaranty and Security Agreement Exhibit E
 
  13




---



##### 



Guaranty Obligation primary obligation primary obligor provided however Guaranty Obligations
 Hazardous Material
 Hedging Agreement
 Holdings
 Indebtedness provided however clauses (a) (i) Indebtedness
 
  14




---



##### 



Indemnified Matter Section 11.4
 Indemnitee Section 11.4
 Independent Trust Agreement
 Initial Cases
 Initial Investors Equity Investment
 Initial Investors Investment Documents
 Initial Projections
 Intellectual Property
 Interest Period provided however
 
  15




---



##### 



Interest Rate Contracts
 Internet Domain Names
 Investment provided however
 IP Ancillary Rights
 IP License
 IRS
 Lender Lender
 Liabilities
 
  16




---



##### 



License Subsidiary
 Lien
 LMA
 Loan
 Loan Documents
 Loan Party
 Local Franchising Authority
 Material Adverse Effect
 Material Environmental Liabilities
 Moodys
 
  17




---



##### 



Mortgage
 Mortgage Supporting Documents
 Multiemployer Plan Section 400l(a)(3)
 National Flood Insurance Program
 Net Cash Proceeds provided however Net Cash Proceeds
 Non-Funding Lender Section 2.2(c)
 Non-U.S. Lender Party
 Note Exhibit B
 Notice of Conversion or Continuation Section 2.8
 
  18




---



##### 



Oaktree
 Obligations
 Other Taxes Section 2.15(c)
 Parent
 Patents
 PBGC
 Permit
 Permitted Acquisition
  
  19




---



##### 



clause (b) Article 4 Article 5
 Section 7.10
 clause (e)(i)
 Permitted Indebtedness Section 8.1
 Permitted Investment Section 8.3
 Permitted Investors
 Permitted Lien Section 8.2
 
  20




---



##### 



Permitted Refinancing plus provided however clauses (e) and (f) provided further however Section 8.11
 Permitted Reinvestment
 Person
 Plan
 Pro Forma Balance Sheet Section 4.4(d)
 Pro Forma Basis pro forma
 Pro Forma Transaction
 Projections Section 6.1(f)
 Property Loss Event
 
  21




---



##### 



Proposed Acquisition
 Proposed Acquisition Target
 Pro Rata Outstandings
 Pro Rata Share provided however Section 2.16
 PUC
 PUC Certificate
 Radio Station Licenses
 Radio Stations
 Radio Swap Transaction
 Register Section 2.12(b)
 
  22




---



##### 



Reinvestment Prepayment Amount less
 Reinvestment Prepayment Date th Section 9.1(e)(ii)
 Related Documents Section 3.1(b)(viii)(C)
 Related Person Article 3 Section 10.4
 Related Transactions
 Release
 Remedial Action
 Required Lenders provided however
 
  23




---



##### 



Required Revolving Credit Lenders
 Requirements of Law
 Responsible Officer Section 6.1(e) Section 7.10
 Restricted Payment
 Revolving Credit Commitment Schedule I Revolving Credit
Commitment
 Revolving Credit Facility
 Revolving Credit Lender
 Revolving Credit Termination Date Section 2.3 9.2 Section 9.2
 
  24




---



##### 



Revolving Loan Section 2.1
 Scheduled Revolving Credit Termination Date
 S&P
 Sale and Leaseback Transaction obligor counterparty
 Secured Parties
 Security
 Sell Sale
 Solvent
 Special Flood Hazard Area
 SPV
 Station Operating Income
 Station Revenue
 
  25




---



##### 



Stock
 Stock Equivalents
 Subordinated Debt
 Subordinated Notes
 Subordinated Notes Agent
 Subordinated Notes Agreement
 Subordinated Notes Documents
 Subordination Agreement
 Subsidiary
 Substitute Lender Section 2.16(a)
 SWDA
 Tax Affiliate
 Tax Return Section 4.8
 Taxes Section 2.15(a)
 Term Loan Section 2.1
 
  26




---



##### 



Term Loan Facility
 Term Loan Maturity Date th
 Title IV Plan
 Trademarks
 Trade Secrets
 Trust
 UCC
 United States
 U.S. Lender Party
 Voting Stock
 Wholly Owned Subsidiary
 Withdrawal Liability Section 4201
 Working Capital minus
 Section 1.2 UCC Terms
 
  27




---



##### 



Section 1.3 Accounting Terms and Principles GAAP Article 5 8 Article 5 Article 8
 Pro Forma Article 5
 Section 1.4 Payments
 Section 1.5 Interpretation Certain Terms property herein hereof from to until through including documents incur
 
  28




---



##### 



Certain References
 
 Section 2.1 The Revolving Credit Commitments and Loans Revolving Credit Commitments Revolving Loan provided however clause (a) Section 2.1
 Term Loans Term Loan
 Section 2.2 Borrowing Procedures Notice From the Borrower Exhibit C-1 Notice of Borrowing Section 2.13
 Notice to Each Lender Section 11.11 Section 3.1 Section 3.2
 
  29




---



##### 



Non-Funding Lenders Article 2 provided however Non-Funding Lender
 Section 2.3 Reduction and Termination of the Revolving Credit Commitments Optional provided however
 Mandatory
 Reductions for Mandatory Prepayments Section 2.4(a) Section 2.6
 
  30




---



##### 



Section 2.4 Repayment of Loans Revolving Loans
 Term Loans
 Section 2.5 Optional Prepayments Section 2.14(a) provided however Section 2.3(a)
 Section 2.6 Mandatory Prepayments Excess Cash Flow Section 6.1(b) Section 6.1(c) provided
 Debt Issuances clause (a) (b) clauses (a) (j) Section 8.1
 Asset Sales and Property Loss Events clauses (a) (h)(i) Section 8.4 provided however
 
  31




---



##### 



Excess Outstandings
 Application of Payments Section 2.6 Section 2.10(b)
 Section 2.7 Interest Rate clause (c)
 Payments
 Default Interest clause (a) Section 9.1(a) or (e)
 Savings Clause Maximum Lawful
Rate provided however
 
  32




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##### 



Section 2.8 Conversion and Continuation Options Option Section 2.14(a) provided however Section 2.13
 Procedure Exhibit C-2 Notice
of Conversion or Continuation
 Section 2.9 Fees Unused Commitment Fee Unused Commitment Fee
 Additional Fees Section 2.14(a)
 Section 2.10 Application of Payments Application of Voluntary
Prepayments Section 2.10 provided provided further
 Application of Mandatory Prepayments clause
(c) Section 2.6 clause (b) first second then
 
  33




---



##### 



Application of Payments During an Event of Default clause (a) Section 9.2 first second third fourth fifth sixth seventh
 Application of Payments Generally first then pro rata Section 2.10 Section 2.10
 Section 2.11 Payments and Computations Procedure
 
 Section 2.10
 
  34




---



##### 



Computations of Interests and Fees clause (a)
 Payment Dates provided however
 Advancing Payments
 Section 2.12 Evidence of Debt Records of Lenders Section 11.11
 Records of Administrative Agent Section 2.12 Section 11.11 Register Section 2.16 Section 11.2
 
  35




---



##### 



Registered Obligations Section 2.12 Section 11.2 registered form Sections 163(f) 871(h)(2) 881(c)(2)
 Prima Facie Evidence clauses (a) (b) provided however
 Notes Exhibit B provided however
 Section 2.13 Suspension of Eurodollar Rate Option Article 2
 Interest Rate Unascertainable, Inadequate or Unfair clause (c)
 Illegality clause (c)
 
  36




---



##### 



Effect of Suspension clause (a)
 Section 2.14 Breakage Costs; Increased Costs; Capital Requirements Breakage Costs Section 2.13 clause (a)
 Increased Costs provided
 Increased Capital Requirements
 
  37




---



##### 



Compensation Certificate Section 2.14
 Section 2.15 Taxes Payments Free and Clear of Taxes Section 2.15 clauses (i) (ii) Taxes clause (f)
 Gross-Up Section 2.15 provided however clause (d) clause (b) Section 2.16 clause
(b)
 Other Taxes Other Taxes Section 11.11
 
  38




---



##### 



Indemnification Section 2.15 clause (d)
 Mitigation Section 2.15
 Tax Forms clause (i) Sections 871(h) 881(c) Section 881(c)(3)(A) Section 881(c)(3)(B) Section 881(c)(3)(C)
 clause (f)
 
  39




---



##### 



clause (f)
 Section 2.16 Substitution of Lenders Substitution Right Affected Lender Section 2.14(b) (c) Section 2.13(b) Section 2.15(b) Substitute Lender
 Procedure Section 2.6(d) Section 11.2(c)
 Effectiveness clause
(b) Lender provided however
 
  40




---



##### 



Section 3.1 Conditions Precedent to Effectiveness
 Approval by Lenders
 Certain Documents
 Section 2.12(e)
 provided clause (b)(ii)(C)
 Schedule 4.19 provided clause
(c)(iii) Section 4.19
  provided
 
  41




---



##### 



clause (vi)
 Sections 3.1(d) (f)
 Section 7.5 Section 7.5
  Fee and Expenses
 Consents
 Confirmation Order and Related Transactions
 
  42




---



##### 



Representations and Warranties; No Defaults
 Additional Matters
 Section 3.2 Conditions Precedent to Each Revolving Loan
 Request Article II
 Representations and Warranties; No Defaults
  Section 3.3 Determinations of Satisfaction of Conditions Precedent Section 3.1
 
  43




---



##### 



clause (b) Sections 4.1 4.2(a) 4.22 provided clause (b) Section 3.2
 Section 4.1 Corporate Existence; Compliance with Law
 Section 4.2 Loan and Related Documents Power and Authority Schedule 4.2
 Due Execution and Delivery
 Related Documents
 
  44




---



##### 



Section 4.3 Ownership of Group Members Schedule 4.3
 Section 4.4 Financial Statements
 Schedule 4.4(b)
  Pro Forma Balance
Sheet
 Section 4.5 Material Adverse Effect
 Section 4.6 Solvency
 
  45




---



##### 



Section 4.7 Litigation Schedule 4.7
 Section 4.8 Taxes Tax Returns Schedule 4.8 Section 1.6011-4(b) Schedule 4.8
 Section 4.9 Margin Regulations
 Section 4.10 No Burdensome Obligations; No Defaults
 Section 4.11 Investment Company Act; Public Utility Holding Company Act
 
  46




---



##### 



Section 4.12 Labor Matters Schedule 4.12
 Section 4.13 ERISA Section 401 501
 Section 4.14 Environmental Matters Schedule 4.14
 
  47




---



##### 



Section 4.15 Intellectual Property
 Section 4.16 Title; Real Property
 Schedule 4.16
 Section 4.17 Full Disclosure provided however
 
  48




---



##### 



Section 4.18 Patriot Act
 Section 4.19 Mortgages Schedule 4.19
 Section 4.20 Network Affiliation Agreements/Cable Franchise Schedule
4.20 Schedule 4.20
 Schedule 4.20
    
  49




---



##### 



Schedule 4.20
 Schedule 4.20
  Section 4.21 Radio Station Licenses and FCC Licenses Schedule 4.21
 Section 4.22 FCC Rules and Regulations Schedule 4.22 Communications Laws
 
  50




---



##### 



Schedule 4.22 Schedule
4.22 Section 1.1305 1.1307(b)
  Schedule 4.22
 MVPDs
  
  51




---



##### 



Section 5.1 Maximum Consolidated Leverage Ratio
 MAXIMUM CONSOLIDATEDFISCAL QUARTER ENDING
    
    LEVERAGE RATIODecember 31, 2010
    
    
    6.40 to 1March 31, 2011
    
    
    5.90 to 1June 30, 2011
    
    
    5.30 to 1September 30, 2011
    
    
    4.90 to 1December 31, 2011
    
    
    4.80 to 1March 31, 2012
    
    
    4.90 to 1June 30, 2012
    
    
    4.80 to 1September 30, 2012
    
    
    4.80 to 1December 31, 2012
    
    
    4.70 to 1March 31, 2013
    
    
    4.60 to 1June 30, 2013 and thereafter
    
    
    4.50 to 1
 Section 5.2 Minimum Consolidated Fixed Charge Coverage Ratio
 FISCAL QUARTER ENDING
    
    MINIMUM CONSOLIDATED FIXED CHARGE COVERAGE RATIODecember 31, 2010
    
    
    1.75 to 1March 31, 2011
and thereafter
    
    
    1.85 to 1
 Sections 5.1 Section 5.2 Section 1.3(b)
 
  52




---



##### 



Section 6.1 Financial Statements
 Monthly Reports
 Quarterly Reports clause (b)
 Annual Reports Article 5
 
  53




---



##### 



Compliance Certificate clause (b) (c) clause (b) clause (c) Article 5
 Corporate Chart and Other Collateral Updates clause (d) clause (e)
 Additional Projections
 Management Discussion and Analysis clause (a) clause
(d)
 Intercompany Loan Balances clause (d)
 Audit Reports, Management Letters, Etc clause (c)
 
  54




---



##### 



Insurance clause (c)
 Section 6.2 Other Events Section 2.6
 Section 6.3 Copies of Notices and Reports
  
  55




---



##### 



Section 6.4 Taxes Section 481(a)
 Section 6.5 Labor Matters clause (b)
 Section 6.6 ERISA Matters Section 412
 Section 6.7 Environmental Matters clauses (A) (B) (C) clause (C)
  
  56




---



##### 



Section 6.8 Other Information
 
  Section 7.1 Maintenance of Corporate Existence Sections 8.4 8.7 clause (b)
 Section 7.2 Compliance with Laws, Etc
 Section 7.3 Payment of Obligations
 Section 7.4 Maintenance of Property clauses (a) (b)
 Section 7.5 Maintenance of Insurance clause (a)
 
  57




---



##### 



Section 7.6 Keeping of Books
 Section 7.7 Access to Books and Property provided however
 Section 7.8 Environmental
 
  58




---



##### 



Section 7.9 Local Service
 Section 7.10 Additional Collateral and Guaranties
   clause (i)
 provided however
 clause
(a)
 Section 7.5
  
  59




---



##### 



Section 7.10
 Section 7.11 Deposit Accounts; Securities Accounts and Cash Collateral
Accounts provided however
 Section 7.12 License Subsidiaries
 Section 7.13 Radio Station Licenses and FCC Licenses
 Section 7.14 Use of Proceeds
 
  Section 8.1 Indebtedness
  Schedule 8.1 clause (b)
 
  60




---



##### 



clause
(c) provided however
   clause
(b) (c)
 provided however provided further
 provided provided, further Section 8.1(h)
  provided however
 
  61




---



##### 



Section 8.2 Liens
   Schedule 8.2
 Section 8.1(c) provided however
 clause (c) (d) clause (e)
 Section 8.3 Investments
 Schedule 8.3
    clause (ii)
 provided however clause
(f)
 
  62




---



##### 



;
  provided however
 Section 8.4 Asset Sales
   Section 8.5 Section 8.5
 provided however
 Section 7.12
   
  63




---



##### 



provided however clause (ii)
 Section 8.5 Restricted Payments
     provided however
 provided however provided however clause (B)
 provided however clause (c)(iii)
 
  64




---



##### 



Section 8.6 Prepayment of Indebtedness provided however
    Section 8.7 Fundamental Changes provided however
 Section 8.8 Change in Nature of Business
 Section 8.5 Schedule 4.4(b) clauses (i)-(vii)
 
  65




---



##### 



Section 8.9 Transactions with Affiliates Section 8.5 Section 8.3(g) (i) Section
8.4(e) (f) (g)
 Section 8.10 Third-Party Restrictions on Indebtedness, Liens, Investments or
Restricted Payments clauses
(a) (b) Section 8.1(b) (c)
 Section 8.11 Modification of Certain Documents
  .
 Section 8.12 Accounting Changes
 Section 8.13 ; Fiscal Year
 Section 8.14 Margin Regulations
 Section 8.15 Compliance with ERISA clauses (a) (b)
 
  66




---



##### 



Section 8.16 Hazardous Materials
 Section 8.17 Local Marketing Agreements Section 8.9
 Section 8.18 License Subsidiaries
 Section 8.19 Communication Authorizations
 
 Section 9.1 Definition
 clause (i) clause
(ii)
 
  67




---



##### 



Article 5 Section 6.1 6.2(a)(i) 7.1 7.14 Article 8 clause (ii)
  clause (i) (ii)
  
  68




---



##### 



clause (i) (ii) (iii)
  Final Order
 Section 9.2 Remedies provided however Section 9.1(e)(ii)
 Section 9.3 Governmental Approvals
 
  69




---



##### 



Section 10.1 Appointment and Duties Appointment of
Administrative Agent Section 10.9
 Duties as Collateral and Disbursing Agent clause (a) Section 9.1(e)(ii) Section 9.1(e)(ii) provided however
 
  70




---



##### 



Limited Duties Section 2.12(b) Section 10.11 clauses (i) (iii)
 Section 10.2 Binding Effect
 Section 10.3 Use of Discretion No Action without
Instructions
 Right Not to Follow Certain Instructions clause (a)
 Section 10.4 Delegation of Rights and Duties Article 10
 Section 10.5 Reliance and Liability Section 11.2(e) Section 2.12
 
  71




---



##### 



clauses (i) (iv)
 
  72




---



##### 



Section 10.6 Administrative Agent Individually
 Section 10.7 Lender Credit Decision
 Section 10.8 Expenses; Indemnities
 provided however
 
  73




---



##### 



Section 10.9 Resignation of Administrative Agent clause
(a)
 Section 10.3
 Section 10.10 Release of Collateral or Guarantors clause (b)(ii)
 Section 7.10
 Section 7.10 Section 8.2(d) (e)
 Section 10.10
 
  74




---



##### 



Section 10.11 Additional Secured Parties Article 10 Section 11.8 Section 11.9 Section 11.20 provided however Section 10.8
 
 Section 11.1 Amendments, Waivers, Etc provided however clause (2) (4)
   provided however clause (iii) Article 5
 
  75




---



##### 



provided however clause (iv) Section 2.6 Section 2.6
 Section 10.10
  Section 2.10(c)(B Section 10.10 Section 11.9 Section 11.1
 provided further Section 2.10(a) Section 2.10(b) Article 10 Section 11.2(f) Section 2.10
  Section 11.2 Assignments and Participations; Binding Effect Binding Effect Article 10 Section 10.11 Section 10.9
 
  76




---



##### 



Right to Assign provided however
 Procedure clause (b) clause (e) (f) Section 2.15(f) provided Section 11.2(b)(iii)
 Effectiveness Section 2.12(b) Article 10 Section 11.8 Section 11.9 Section 10.11
 
  77




---



##### 



Grant of Security Interests Section 11.2 provided however clause (b)
 Participants and SPVs Section 11.2 provided however Sections 2.14 2.15 Section 2.15(f) provided however clauses (x) (y) clauses (iii) (iv) Section 11.1(a) Section 11.1(a)(v) Section 10.10 clause (f) provided however
 
  78




---



##### 



Section 11.3 Costs and Expenses ® provided provided
 Section 11.4 Indemnities Indemnitee Indemnified Matters provided however Section 11.4
 
  79




---



##### 



Indemnified Matters .
 Section 11.5 Survival Section 2.14 Section 2.15 Article 10 Section 11.3 Section 11.4 Section 11.5
 Section 11.6 Limitation of Liability for Certain Damages
 Section 11.7 Lender-Creditor Relationship
 Section 11.8 Right of Setoff provided however Section 11.8
 
  80




---



##### 



Section 11.9 Sharing of Payments, Etc proceeds Sections 2.14 2.15 2.16) provided however
 Section 11.10 Marshaling; Payments Set Aside
 Section 11.11 Notices Addresses Schedule II ® ® clause (i) clause (a)
 
  81




---



##### 



Effectiveness clause (a) clause (a)(ii) (a)(iii) provided however Article 2 Article 10
 Section 11.12 Electronic Transmissions Authorization Section 11.11(a)
 Signatures Section 11.11(a) provided however
 Separate Agreements Section 11.11 Section 11.12
 Limitation of Liability
 
  82




---



##### 



Section 11.13 Governing Law
 Section 11.14 Jurisdiction Submission to Jurisdiction provided
 Service of Process Section 11.11
 Non-Exclusive Jurisdiction Section 11.14
 Section 11.15 Waiver of Jury Trial Section 11.15
 Section 11.16 Severability
 
  83




---



##### 



Section 11.17 Execution in Counterparts
 Section 11.18 Entire Agreement
 Section 11.19 Use of Name
 Section 11.20 Non-Public Information; Confidentiality
 
  84




---



##### 



Section 11.2(f) Section 11.20 Section 11.20 Section 11.20
 Section 11.21 Patriot Act Notice Section 326
  
  85




---



##### 



REGENT BROADCASTING, LLC
AS BORROWERBy:Name:Title:REGENT COMMUNICATIONS, INC.
AS HOLDINGSBy:Name:Title:GENERAL ELECTRIC CAPITAL CORPORATIONAS ADMINISTRATIVE AGENT,
COLLATERAL AGENT AND LENDERBy:Name:Title: Duly Authorized Signatory




---



##### 



OTHER LENDERS:




---



##### 



Exhibit A
to
Credit Agreement
 Form of Assignment
   Borrower:
    
    Regent Broadcasting, LLC, a Delaware limited
liability company (the Borrower)Administrative Agent:
    
    General Electric Capital Corporation, as
administrative agent and collateral agent for the
Lenders (in such capacity and together with its
successors and permitted assigns, the
Administrative Agent)Credit Agreement:
    
    Credit Agreement, dated as of April 27, 2010 among
the Borrower, Regent Communications, Inc., as one of
the Guarantors, the Lenders party thereto and the
Administrative Agent (as the same may be amended,
restated, supplemented or otherwise modified from
time to time, the Credit Agreement; capitalized
terms used herein without definition are used as
defined in the Credit Agreement)[Trade Date:
    
    ,]1Effective Date:
    
    , 2
 
 1
    
    Insert for informational purposes only if needed to determine other arrangements between the assignor and the assignee.2
    
    To be filled out by Administrative Agent upon entry in the Register. 
  A-1




---



##### 



Aggregate principal amount of
    
    
    Aggregate principal amount ofFacility Assigned3
    
    Loans for all Lenders
    
    
    Loans Assigned4
    
    
    Percentage Assigned5$
    
    
    
    $
    
    
    
    
    .
    %$
    
    
    
    $
    
    
    
    
    .
    %$
    
    
    
    $
    
    
    
    
    .
    %
 Assignment Assigned Interest
 Representations, Warranties and Covenants of Assignors ® Section 2.12(e)
 
 3
    
    Fill in the appropriate defined term for the type of facilities under the Credit
Agreement that are being assigned under this Assignment. (e.g., Revolving Credit
Facility, Term Loan Facility, etc.)4
    
    Amount to be adjusted by the counterparties to take into account
any payments or prepayments made between the Trade Date and the Effective Date. The aggregate amounts
are inserted for informational purposes only to help in calculating the percentages assigned which, themselves, are for informational purposes only.5
    
    Set forth, to at least 9 decimals, the Assigned Interest as a percentage of the aggregate
Loans in the Facility. This percentage is set forth for informational purposes only and is not intended to be
binding. The assignments are based on the amounts assigned not on the percentages listed in this column. 
  A-2




---



##### 



Representations, Warranties and Covenants of Assignees ® Section
11.20 Section 11.2(c) Section 2.15(f)
 Determination of Effective Date; Register Section
11.2(b) Effective Date
 Effect
 Distribution of Payments
 
  A-3




---



##### 



Miscellaneous Sections 1.5 Interpretation 11.14(a) Submission to Jurisdiction 11.15 Waiver of Jury Trial
  
  A-4




---



##### 



[GE  REGENT CREDIT AGREEMENT
  [NAME OF ASSIGNOR]as AssignorBy:Name:Title:[NAME OF ASSIGNEE]as AssigneeBy:Name:Title:Lending Office for Eurodollar Rate Loans:6[Insert Address (including contact name, faxnumber and e-mail address)]Lending Office (and address for notices)for any other purpose:[Insert Address (including contact name, faxnumber and e-mail address)]
 
 6
    
    Insert for each Assignee.




---



##### 



ACCEPTED and AGREED
this  day of  :GENERAL ELECTRIC CAPITAL CORPORATION
as Administrative AgentBy:Name:Title:REGENT BROADCASTING, LLC7By:Name:Title:
 
 7
    
    Include only if required pursuant to Section 11.2(b) of the Credit Agreement.




---



##### 



Exhibit B
to
Credit Agreement
 Form of [Revolving Loan] [Term Loan] Note
 Lender: [NAME OF LENDER]
    
    New York, New YorkPrincipal Amount: $
    
    [] [], 2010
 Borrower Lender
  [   ]
 Credit Agreement
  Sections 1.5 Interpretation 11.14(a) Submission to Jurisdiction 11.15 Waiver of Jury Trial
   
  B-1




---



##### 



REGENT BROADCASTING, LLCBy:Name:Title:
    Duly Authorized Signatory




---



##### 



Exhibit C-1 to
Credit Agreement
Form of Notice of Borrowing
 
 
  Regent Broadcasting LLC (the Borrower)
 Credit Agreement
 Section 2.2 Proposed Borrowing
 Funding
Date
 
  Article IV 8 9
  By:Name:Title:
 
 8
    
    Insert for any Proposed Borrowing after the Closing Date.9
    
    Delete for Borrowings on the Closing Date.  C-1




---



##### 



Exhibit C-2
to
Credit Agreement
 Form of Notice of Conversion or Continuation
 GENERAL ELECTRIC CAPITAL CORPORATION
as Administrative Agent under the
Credit Agreement referred to below
 
 Regent Broadcasting, LLC (the Borrower)
 Credit Agreement
 Section 2.8
 
 
 
  REGENT BROADCASTING, LLCBy:Name:Title:  C-2




---



##### 



Exhibit D
 to
Credit Agreement
Form of Compliance Certificate    10
 Section 6.1(d) Credit Agreement Borrower Administrative Agent
 Section 6.1
 Section 6.1[(a)/(b)/(c)] Annex A   Section 6.1[(a)/(b)/(c)] 11 Section 6.1(c) 12
 Section 6.1(d) Annex B Article 5 13 14
 Section 6.1(d) Annex C Annex C
 
 10
    
    Insert date of delivery of certificate.11
    
    Insert language in brackets only for monthly and
quarterly reports.12
    
    Insert language in brackets only for annual
certifications.13
    
    Insert bracketed language only for quarterly
certifications.14
    
    Insert if Consolidated Financial Statements are
delivered with Certificate. 
  D-1




---



##### 



Section 6.1(e) Annex D[-1] Annex D[-2]
 Section 6.1(g) Annex E
 Section 6.1(h) Annex F Annex A 15
 Sections 6.1(i) (j) Annexes F G 16 17
 Section 5.7(a) Section 5.11 Annexes H I Schedule 6 Schedule 7
  
 15
    
    Insert bracketed language only for quarterly reports.16
    
    Insert other information reasonably required by the
Administrative Agent.17
    
    Insert bracketed language only for annual reports. 
  D-2




---



##### 



In Witness Whereof
 Name:Title:




---



##### 



ANNEX A
to
COMPLIANCE CERTIFICATE OF    DATED  ,
 FINANCIAL STATEMENTS
  Annex A-1




---



##### 



ANNEX B
to
COMPLIANCE CERTIFICATE OF    DATED  ,
 FINANCIAL CALCULATIONS
  Annex B-1




---



##### 



[ANNEX C
to
COMPLIANCE CERTIFICATE OF    DATED  ,
 CONTINUING DEFAULTS] 18
 
 18
    
    Delete if not used in the text of the certificate.  Annex C-1




---



##### 



ANNEX D[-1]
to
COMPLIANCE CERTIFICATE OF    DATED  ,
 CORPORATE CHART
  Annex D-1-1




---



##### 



ANNEX D[-2]
to
COMPLIANCE CERTIFICATE OF    DATED  ,
 MODIFICATIONS TO CONSTITUENT DOCUMENTS
  Annex D-2-1




---



##### 



ANNEX E
to
COMPLIANCE CERTIFICATE OF    DATED  ,
 MANAGEMENT DISCUSSION AND ANALYSIS
  Annex E-1




---



##### 



ANNEX F
to
COMPLIANCE CERTIFICATE OF    DATED  ,
 [INTERCOMPANY INDEBTEDNESS][MANAGEMENT LETTERS]
  Annex F-1




---



##### 



ANNEX G
to
COMPLIANCE CERTIFICATE OF    DATED  ,
 SUMMARY OF MATERIAL INSURANCE COVERAGES
  Annex G-1