EX-10.F.14



 Exhibit 10(f)(14) 

JOINDER AGREEMENT 

JOINDER AGREEMENT dated as of December 5, 2013 by the undersigned, Lamar Investments, LLC, a Delaware limited liability company (the
“Additional Subsidiary Guarantor”), in favor of JPMorgan Chase Bank, N.A., as administrative agent for the Lenders party to the Credit Agreement referred to below (in such capacity, together with its successors in such capacity, the
“Administrative Agent”). 
 Lamar Media Corp., a Delaware corporation (the “Company”), the Subsidiary
Borrower that may be or may become a party thereto (the “Subsidiary Borrower” and together with the Company, the “Borrowers”) and certain of its subsidiaries (collectively, the “Existing Subsidiary
Guarantors” and, together with the Borrowers, the “Securing Parties”) are parties to a Credit Agreement dated April 28, 2010 (as amended and restated as of February 9, 2012, as further amended prior to the date
hereof and as the same may be further amended, supplemented or otherwise modified from time to time, the “Credit Agreement”), providing, subject to the terms and conditions thereof, for extensions of credit (by means of loans and
letters of credit) to be made by the Lenders therein (collectively, together with any entity that becomes a “Lender” party to the Credit Agreement after the date hereof as provided therein, the “Lenders” and, together with
Administrative Agent and any successors or assigns of any of the foregoing, the “Secured Parties”) to the Company in an aggregate principal or face amount not exceeding $1,225,000,000 (which, in the circumstances contemplated by
Section 2.01(c) thereof, may be increased to $1,725,000,000 and made available to the Company and the Subsidiary Borrower). In addition, the Borrowers may from time to time be obligated to one or more of the Lenders under the Credit Agreement
in respect of Swap Agreements under and as defined in the Credit Agreement (collectively, the “Swap Agreements”). 
 In
connection with the Credit Agreement, the Borrowers, the Existing Subsidiary Guarantors and the Administrative Agent are parties to the Pledge Agreement dated April 28, 2010 (the “Pledge Agreement”) pursuant to which the
Securing Parties have, inter alia, granted a security interest in the Collateral (as defined in the Pledge Agreement) as collateral security for the Secured Obligations (as so defined). Terms defined in the Pledge Agreement are used herein as
defined therein. 
 To induce the Secured Parties to enter into the Credit Agreement, and to extend credit thereunder and to extend credit
to the Borrower under Swap Agreements, and for other good and valuable consideration the receipt and sufficiency of which are hereby acknowledged, the Additional Subsidiary Guarantor has agreed to become a party to the Credit Agreement and the
Pledge Agreement as a “Subsidiary Guarantor” thereunder, and to pledge and grant a security interest in the Collateral (as defined in the Pledge Agreement). 

  
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 Accordingly, the parties hereto agree as follows: 

Section 1. Definitions. Terms defined in the Credit Agreement are used herein as defined therein. 

Section 2. Joinder to Agreements. Effective upon the execution and delivery hereof, the Additional Subsidiary Guarantor hereby
agrees that it shall become a “Subsidiary Guarantor” under and for all purposes of the Credit Agreement and the Pledge Agreement with all the rights and obligations of a Subsidiary Guarantor thereunder. Without limiting the generality of
the foregoing, the Additional Subsidiary Guarantor hereby: 
 (i) jointly and severally with the other Subsidiary Guarantors party to the
Credit Agreement guarantees to each Secured Party and their respective successors and assigns the prompt payment in full when due (whether at stated maturity, by acceleration or otherwise) of all Guaranteed Obligations in the same manner and to the
same extent as is provided in Article III of the Credit Agreement; 
 (ii) pledges and grants the security interests in all right, title and
interest of the Additional Subsidiary Guarantor in all Collateral (as defined in the Pledge Agreement) that it now owns or hereafter acquires and whether now existing or hereafter coming into existence provided for by Article III of the Pledge
Agreement as collateral security for the Secured Obligations and agrees that Annex 1 thereof shall be supplemented as provided in Appendix A hereto; 

(iii) makes the representations and warranties set forth in Article IV of the Credit Agreement and in Article II of the Pledge Agreement, to
the extent relating to the Additional Subsidiary Guarantor or to the Pledged Equity evidenced by the certificates, if any, identified in Appendix A hereto; and 

(iv) submits to the jurisdiction of the courts, and waives jury trial, as provided in Sections 10.09 and 10.10 of the Credit Agreement. 

The Additional Subsidiary Guarantor hereby instructs its counsel to deliver the opinions referred to in Section 6.10(c) of the Credit
Agreement to the Secured Parties. 

  
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 IN WITNESS WHEREOF, the Additional Subsidiary Guarantor has caused this Joinder Agreement to be
duly executed and delivered as of the day and year first above written. 
  

							
	LAMAR Investments, LLC, a Delaware
	limited liability company
		
	By:	 	Lamar TRS Holdings, LLC, its sole Managing
		 	Member
			
		 	By:	 	Lamar Media Corp., its sole Managing
		 		 	Member
				
		 		 	By:	 	 /s/ Keith A. Istre

		 		 		 	Keith A. Istre, Executive Vice-
		 		 		 	President/ Chief Financial
		 		 		 	Officer


  

			
	Attest:
		
	By:	 	 /s/ James R. McIlwain

		 	James R. McIlwain, Secretary
	
	Accepted and agreed:
	
	 JPMORGAN CHASE BANK, N.A.
 as
Administrative Agent

		
	By:	 	 /s/ Goh Siew Tan

	Title:	 	Vice President


  
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 The undersigned hereby respectively pledges and grants a security interest in the Pledged Equity that it owns
evidenced by the certificates listed in Appendix A hereto and agrees that Annex 1 of the Pledge Agreement is hereby supplemented by adding thereto the information listed on Appendix A. 

 

					
	Lamar TRS Holdings, LLC, Issuee
		
	By:	 	Lamar Media Corp., its sole Managing
		 	Member
			
		 	By:	 	 /s/ Keith A. Istre

		 		 	Keith A. Istre, Executive Vice-President/
		 		 	Chief Financial Officer

  

  
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 Supplement to Annex 1 

Appendix A to Joinder Agreement 
  

															
	 Pledgor

Ownership
	  	Issuer	  	No. of Units	 	  	Cert. No.	 	  	%	 
	 Lamar TRS Holdings, LLC
	  	Lamar Investments, LLC	  	 	1,000	  	  	 	1	  	  	 	100	  


  
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