Document:

Form of Global Security

 Exhibit 4.2 

(Face of Security) 
 THIS
SECURITY IS A GLOBAL SECURITY WITHIN THE MEANING OF THE INDENTURE HEREINAFTER REFERRED TO AND IS REGISTERED IN THE NAME OF A DEPOSITARY OR A NOMINEE THEREOF. THIS SECURITY MAY NOT BE EXCHANGED IN WHOLE OR IN PART FOR A SECURITY REGISTERED, AND NO
TRANSFER OF THIS SECURITY IN WHOLE OR IN PART MAY BE REGISTERED, IN THE NAME OF ANY PERSON OTHER THAN SUCH DEPOSITARY OR A NOMINEE THEREOF, EXCEPT IN THE LIMITED CIRCUMSTANCES DESCRIBED IN THE INDENTURE. 

UNLESS THIS CERTIFICATE IS PRESENTED BY AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITORY TRUST COMPANY, A NEW YORK CORPORATION (“DTC”),
TO BARCLAYS BANK PLC, OR ITS AGENT FOR REGISTRATION OF TRANSFER, EXCHANGE OR PAYMENT, AND ANY CERTIFICATE ISSUED IS REGISTERED IN THE NAME OF CEDE & CO. OR IN SUCH OTHER NAME AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC (AND ANY
PAYMENT IS MADE TO CEDE & CO. OR TO SUCH OTHER ENTITY AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC), ANY TRANSFER, PLEDGE OR OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR TO ANY PERSON IS WRONGFUL INASMUCH AS THE REGISTERED OWNER
HEREOF, CEDE & CO., HAS AN INTEREST HEREIN. 
 BY PURCHASING THIS SECURITY, THE HOLDER AGREES TO CHARACTERIZE THIS SECURITY FOR
ALL U.S. FEDERAL INCOME TAX PURPOSES AS PROVIDED IN SECTION 10 ON THE FACE OF THIS SECURITY. 

									
	CUSIP No. 06740L493	 		 		 		  	ISIN: US06740L4932
		 		 		 		  	Common Code: [            ]

BARCLAYS BANK PLC 

GLOBAL MEDIUM-TERM NOTES, SERIES A 
  

 

iPath®
 US Treasury 10-year Bull ETN 
 due August 13, 2020 

The following terms apply to this Security. Capitalized terms that are not defined the first time they are used in this Security shall
have the meanings indicated elsewhere in this Security. 
 Face Amount:
$[            ] equal to [            ] Securities at $50 per Security 

Index: The Barclays Capital 10Y US Treasury Futures Targeted Exposure IndexTM (the “Index”). 

Inception Date: August 9, 2010 

Original Issue Date: August 12, 2010 

Interest Rate: The principal of this Security shall not bear interest. 

Denomination: $50 
 Payment at
Maturity: On the Maturity Date, unless such Securities were previously redeemed on a Redemption Date as provided under “Early Redemption”, the Company shall redeem this Security by paying to the Holder a cash payment per Security equal
to the Closing Indicative Note Value on the Final Valuation Date. 
 Closing Indicative Note Value: The Closing Indicative Note Value for
each Security on the Inception Date will equal $50. On each subsequent calendar day until the Maturity Date or an Early Redemption Date with respect to such Security, the Closing Indicative Note Value for such Security will equal (1) the
Closing Indicative Note Value on the immediately preceding calendar day plus (2) the Daily Index Performance Amount plus (3) the Daily Interest minus (4) the Daily Investor Fee; provided that if such
calculation results in a negative value, the Closing Indicative Note Value will be $0. If the Securities undergo a split or reverse split, the Closing Indicative Note Value will be adjusted accordingly. 

Daily Index Performance Amount: The Daily Index Performance Amount for each Security on the Inception Date and on any calendar day that is not an
Index Business Day will equal $0. On any other Index Business Day, the Daily Index Performance Amount for each Security will equal (1) the product of (a) the Index Multiplier times (b) the difference of (i) the closing
level of the Index on such Index Business Day minus (ii) the closing level of the Index on the immediately preceding Index Business Day 

minus (2) the Index Rolling Cost on such Index Business Day. 
  

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 Index Multiplier: $0.10 

Index Rolling Cost: On any calendar day that is not a Roll Day, the Index Rolling Cost for each Security will equal $0. On any Roll Day, the Index
Rolling Cost for each Security will equal $0.005. 
 Daily Interest: The Daily Interest for each Security on the Inception Date will
equal $0. On each subsequent calendar day until the Maturity Date or an Early Redemption Date with respect to such Security, the Daily Interest for such Security will equal (1) the Closing Indicative Note Value on the immediately preceding
calendar day times (2) the T-Bill rate divided by (3) 360. 
 T-Bill Rate: The T-Bill Rate will equal the most
recent weekly investment rate for 28-day U.S. Treasury bills effective on the preceding Business Day in New York City as published on Bloomberg under the ticker symbol “USB4WIR”. 

Daily Investor Fee: The Daily Investor Fee for each Security on the Inception Date will equal $0. On each subsequent calendar day until the
Maturity Date or an Early Redemption Date with respect to such Security, the Daily Investor Fee for such Security will equal (1) the Closing Indicative Note Value on the immediately preceding calendar day times (2) the Fee Rate
divided by (3) 365. 
 Fee Rate: 0.75%. 

Early Redemption: The Holder may, subject to the notification requirements provided under Section 5(a) hereof, require the Company to redeem
the Holder’s Securities in whole or in part on any Early Redemption Date during the term of the Securities (“Holder Redemption”). If the Holder requires the Company to redeem the Holder’s Securities on any Early Redemption Date,
the Holder will receive a cash payment per Security equal to the applicable Closing Indicative Note Value on the applicable Valuation Date. The Company shall not be required to redeem fewer than 50,000 Securities at one time, provided that
the Company may from time to time in its sole discretion reduce, in part or in whole, this minimum redemption amount on a consistent basis for all Holders who hold Securities at the time the reduction becomes effective. 

Calculation Agent: Barclays Bank PLC 

Defeasance: Neither full defeasance nor covenant defeasance applies to this Security. 

Listing: NYSE Arca stock exchange 
  

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 The Barclays Capital 10Y US Treasury Futures Targeted Exposure IndexTM is a
trademark of Barclays Bank PLC. (the “index sponsor”). 
 The index sponsor does not guarantee the accuracy and/or completeness of the
Index, any data included therein, or any data from which it is based, and the index sponsor shall have no liability for any errors, omissions, or interruptions therein. 

The index sponsor makes no warranty, express or implied, as to the results to be obtained from the use of the Index. The index sponsor makes no express
or implied warranties, and expressly disclaims all warranties of merchantability or fitness for a particular purpose or use with respect to the Index or any data included therein. Without limiting any of the foregoing, in no event shall the index
sponsor have liability for any special, punitive, indirect or consequential damages, lost profits, loss of opportunity or other financial loss, even if notified of the possibility of such damages. 

Neither the index sponsor nor any of its affiliates or subsidiaries or any of their respective directors, officers, employees, representatives, delegates
or agents shall have any responsibility to any person (whether as a result of negligence or otherwise) for any determination made or anything done (or omitted to be determined or done) in respect of the Index or publication of the level of the Index
(or failure to publish such value) and any use to which any person may put the Index or the level of the Index. In addition, although the index sponsor reserves the right to make adjustments to correct previously incorrectly published information,
including but not limited to the level of the Index, the index sponsor is under no obligation to do so and shall have no liability in respect of any errors or omissions. 

Nothing in this disclaimer shall exclude or limit liability to the extent such exclusion or limitation is not permitted by law. 

OTHER TERMS: 
 All terms
used in this Security that are not defined in this Security but are defined in the Indenture referred to on the reverse of this Security shall have the meanings assigned to them in the Indenture. Section headings on the face of this Security are for
convenience only and shall not affect the construction of this Security. 
 “Business Day” means a Monday,
Tuesday, Wednesday, Thursday or Friday that is not a day on which banking institutions in New York City or London generally are authorized or obligated by law, regulation or executive order to close. 

“Default Amount” means, on any day, an amount in U.S. dollars, as determined by the Calculation Agent in its sole
discretion, equal to the cost of having a Qualified Financial Institution (selected as provided below) expressly assume the due and punctual payment of the principal of this Security, and the performance or observance of every covenant hereof and of
the Indenture on the part of the Company to be performed or observed with respect to this Security (or to undertake other obligations providing substantially equivalent economic value to the Holder of this Security as the Company’s obligations
hereunder). Such cost will equal (i) the lowest amount that a Qualified Financial Institution would charge to effect such assumption (or 
  

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undertaking) plus (ii) the reasonable expenses (including reasonable attorneys’ fees) incurred by the Holder of this Security in preparing any documentation necessary for such
assumption (or undertaking). During the Default Quotation Period, each Holder of this Security and the Company may request a Qualified Financial Institution to provide a quotation of the amount it would charge to effect such assumption (or
undertaking). If either party obtains a quotation, it must notify the other party in writing of the quotation. The amount referred to in clause (i) of this paragraph will equal the lowest (or, if there is only one, the only) quotation so
obtained, and as to which notice is so given, during the Default Quotation Period; provided that, with respect to any quotation, the party not obtaining the quotation may object, on reasonable and significant grounds, to the effectuation of
such assumption (or undertaking) by the Qualified Financial Institution providing such quotation and notify the other party in writing of such grounds within two Business Days after the last day of the Default Quotation Period, in which case that
quotation will be disregarded in determining the Default Amount. The “Default Quotation Period” shall be the period beginning on the day the Default Amount first becomes due and ending on the third Business Day after such due date,
unless no such quotation is obtained, or unless every such quotation so obtained is objected to within five Business Days after such due date as provided above, in which case the Default Quotation Period will continue until the third Business Day
after the first Business Day on which prompt notice of a quotation is given as provided above, unless such quotation is objected to as provided above within five Business Days after such first Business Day, in which case, the Default Quotation
Period will continue as provided in this sentence. Notwithstanding the foregoing, if the Default Quotation Period (and the subsequent two Business Day objection period) has not ended prior to the Final Valuation Date, then the Default Amount will
equal the Face Amount. 
 “Early Redemption Date” means the third Business Day following each Valuation Date,
other than the Final Valuation Date. The final Early Redemption Date will be the third Business Day following the Valuation Date that is immediately prior to the Final Valuation Date. 

“Final Valuation Date” means August 10, 2020, or if such date is not a Trading Day, the next succeeding Trading
Day; provided, however, that if the Calculation Agent determines that a Market Disruption Event occurs or is continuing on such date, the Final Valuation Date will be the first following Trading Day on which the Calculation Agent
determines that a Market Disruption Event does not occur and is not continuing, provided that in no event will the Final Valuation Date be postponed by more than five Trading Days. 

“Index Business Day” means a day on which the Chicago Board of Trade (“CBOT”) is open for business.

 “Index Component” means, with respect to the Securities, the 10-year Treasury futures contracts underlying
the Index, as traded on CBOT, as described in the Prospectus. 
 “Index Sponsor” means Barclays Capital, a
division of Barclays Bank PLC. 
 “Market Disruption Event” means, with respect to the Securities, in the
opinion of the Calculation Agent and determined in its sole discretion: (i) a material limitation, suspension or disruption in the trading of any Index Component which results in a failure by the trading facility on which the relevant contract
is traded to report a daily contract reference price (the 
  

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price of the relevant contract that is used as a reference or benchmark by market participants); (ii) the daily contract reference price for any Index Component has increased or decreased
from the previous day’s daily contract reference price by the maximum amount permitted under the applicable rules or procedures of the relevant trading facility; (iii) failure by the Index Sponsor to publish the closing value of the Index
or of the applicable trading facility or other price source to announce or publish the daily contract reference price for one of more Index Components; (iv) any other event, if the Calculation Agent determines in its sole discretion that the
event materially interferes with the ability of Barclays Bank PLC or the ability of any affiliates of Barclays Bank PLC to unwind all or a material portion of a hedge with respect to the Securities that Barclays Bank PLC or any of its affiliates
have effected or may effect. The following events will not be Market Disruption Events: (a) a limitation on the hours or numbers of days of trading on a trading facility on which any Index Component is traded, but only if the limitation results
from an announced change in the regular business hours of the relevant market; or (b) a decision by a trading facility to permanently discontinue trading in any Index Component. 

“Maturity Date” means August 13, 2020, provided that if such date is not a Business Day, the Maturity Date
will be the next succeeding Business Day; provided, however, that if the fifth Business Day preceding August 13, 2020 does not qualify as the Final Valuation Date referred to above, then the Maturity Date will be the fifth Business Day
following the Final Valuation Date. 
 “Qualified Financial Institution” means, at any time, a financial
institution organized under the laws of any jurisdiction in the United States of America or Europe that at such time has outstanding debt obligations with a stated maturity of one year or less from the date of issue and rated A-1 or higher by
Standard & Poor’s, a division of The McGraw Hill Companies, Inc., Ratings Group (or any successor) or P-1 or higher by Moody’s Investors Service, Inc. (or any successor) or, in either case, such other comparable rating, if any,
then used by such rating agency. 
 “Roll Day” means each of the three Index business Days before the last
Index Business Day in each of the months of February, May, August and November in any given year. 
 “Successor
Index” means any substitute index approved by the Calculation Agent as a Successor Index pursuant to Section 3 hereof. 

“Trading Day” means a trading day for the Securities on which (i) it is an Index Business Day, (ii) trading is
generally conducted on NYSE Arca and (iii) it is a Business Day in New York City, in each case as determined by the Calculation Agent in its sole discretion. 

“Valuation Date” means each Business Day from August 9, 2010 to August 10, 2020, inclusive (subject to the
occurrence of a Market Disruption Event), or if such date is not a Trading Day, the next succeeding Trading Day, not to exceed five Business Days. 
  

 
  

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 1. Promise to Pay at Maturity or Upon Early Redemption 

Barclays Bank PLC, a public limited company duly organized and existing under the laws of England and Wales (herein called the
“Company,” which term includes any successor Person under the Indenture hereinafter referred to), for value received, hereby promises to pay (or cause to be paid) to Cede & Co., as nominee for The Depository Trust Company,
or registered assigns, the amount as calculated and provided under (i) “Early Redemption” and elsewhere on the face this Security on the applicable Early Redemption Date, in the case of any Securities in respect of the which the
Holder exercises such Holder’s right to require the Company to redeem such Holder’s Securities prior to the Early Maturity Date, or in the case the Company exercises its right to redeem the Securities under “Issuer Redemption”,
or (ii) “Payment at Maturity” and elsewhere on the face of this Security on the Maturity Date, in the case of all other Securities. 

2. Payment of Interest 

The principal of this Security shall not bear interest. 

3. Discontinuance or Modification of the Index; Market Disruption Event 

If the Index Sponsor discontinues publication of the Index and it or any other person or entity publishes an index that the Calculation
Agent determines is comparable to the discontinued Index and approves as a Successor Index, then the Calculation Agent will determine the value of the Index on the applicable Valuation Date and the amount payable on the Maturity Date or any
Redemption Date by reference to such Successor Index. 
 If the Calculation Agent determines that the publication of the Index
is discontinued and that there is no Successor Index, or that the closing value of the Index is not available because of a Market Disruption Event or for any other reason, on any Valuation Date, or if for any other reason the Index is not available
to the Company or the Calculation Agent on any Valuation Date, the Calculation Agent will determine the amount payable by a computation methodology that the Calculation Agent determines will as closely as reasonably possible replicate the Index.

 If the Calculation Agent determines that the Index, the Index Components or the method of calculating the Index has been
changed at any time in any respect, including, without limitation, any addition, deletion or substitution and any reweighting or rebalancing of the Index Components, and whether the change is made by the Index Sponsor under its existing policies or
following a modification of those policies, is due to the publication of a Successor Index, is due to events affecting one or more of the Index Components, or is due to any other reason, then the Calculation Agent will be permitted (but shall not be
required) to make such adjustments to the Index or method of calculating the Index as it believes are appropriate to ensure that the value of the Index used to determine the amount payable on the Maturity Date or on an Early Redemption Date is
equitable. 
 The Calculation Agent shall have the right to postpone a Valuation Date, and thus the determination of the value
of the Index, if the Calculation Agent determines that, on such 
  

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Valuation Date, a Market Disruption Event occurs or is continuing in respect of any Index Component. If such a postponement occurs, the Index Components unaffected by the Market Disruption Event
shall be determined on the scheduled Valuation Date and the Calculation Agent shall determine the value of the affected Index Component by using the closing value of the Index Component on the first Trading Day after that day on which no Market
Disruption Event occurs or is continuing with respect to the Index Component. In no event, however, may the Calculation Agent postpone a Valuation Date by more than five Trading Days. 

In the event that a Valuation Date is postponed until the fifth Trading Day following the scheduled Valuation Date, but a Market
Disruption Event occurs and is continuing on such day, that day shall nevertheless be a Valuation Date, and the Calculation Agent shall determine the value of the Index on such day by a good faith estimate of the value of the Index that would have
prevailed in the absence of a Market Disruption Event. 
 The Calculation Agent shall have the right to make all determinations
and adjustments with respect to the Index in its sole discretion. 
 4. Payment at Maturity or Upon Early Redemption

 The payment of this Security that becomes due and payable on the Maturity Date or on an Early Redemption Date, as the case may
be, shall be the cash amount that must be paid to redeem this Security as provided above under “Payment at Maturity” and “Early Redemption”, respectively. The payment of this Security that becomes due and payable upon
acceleration of the Maturity Date hereof after an Event of Default has occurred pursuant to the Indenture shall be the Default Amount. When the principal referred to in either of the two preceding sentences has been paid as provided herein (or such
payment has been made available), the principal of this Security shall be deemed to have been paid in full, whether or not this Security shall have been surrendered for payment or cancellation. References to the payment at maturity or upon early
redemption of this Security on any day shall be deemed to mean the payment of cash that is payable on such day as provided in this Security. Notwithstanding the foregoing, solely for the purpose of determining whether any consent, waiver, notice or
other action to be given or taken by Holders of Securities pursuant to the Indenture has been given or taken by Holders of Outstanding Securities in the requisite aggregate principal amount, the principal amount of this Security will be deemed to
equal the Face Amount. This Security shall cease to be Outstanding as provided in the definition of such term in the Indenture when the principal of this Security shall be deemed to have been paid in full as provided above. 

In the event that payment at maturity is deferred beyond August 13, 2020, penalty interest will not accrue or be payable with
respect to that deferred payment. 
 5. Redemption Mechanics 

Subject to the minimum redemption amount provided under “Early Redemption”, the Holder may require the Company to redeem the
Holder’s Securities on any Early Redemption Date during the term of the Securities provided that such Holder (i) delivers a notice of holder redemption to the Company via electronic mail by no later than 4:00 p.m. New York

  

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time on the Business Day prior to the applicable Valuation Date; (ii) delivers a signed confirmation of holder redemption to the Company via facsimile by no later than 5:00 p.m. New York
time on the same day; (iii) instructs the Holder’s DTC custodian to book a delivery versus payment trade with respect to the Holder’s Securities on the applicable Valuation Date at a price per Security equal to the applicable Closing
Indicative Note Value, facing Barclays Capital DTC 5101; and (iv) causes the Holder’s DTC custodian to deliver the trade as booked for settlement via DTC at or prior to 10:00 a.m. New York time on the applicable Early Redemption Date,
which shall be the third Business Day following the applicable Valuation Date (other than the Final Valuation Date). The final Early Redemption Date shall be the third Business Day following the Valuation Date that is immediately prior to the Final
Valuation Date. 
 6. Role of Calculation Agent 

The Calculation Agent will be solely responsible for all determinations and calculations regarding the value of the Securities, including
at maturity or upon early redemption; Market Disruption Events; Business Days; Trading Days; the Daily Index Performance Amount, the Investor Fee; the Default Amount; the Closing Indicative Note Value of the Securities on any Valuation Date, the
closing value of the Index on the Inception Date and on any Valuation Date; the Maturity Date; Early Redemption Dates; the amount payable on the Securities and all such other matters as may be specified elsewhere herein as matters to be determined
by the Calculation Agent. The Calculation Agent shall make all such determinations and calculations in its sole discretion, and absent manifest error, all determinations of the Calculation Agent shall be final and binding on the Company, the Holder
and all other Persons having an interest in this Security, without liability on the part of the Calculation Agent. 
 The
Company shall take such action as shall be necessary to ensure that there is, at all relevant times, a financial institution serving as the Calculation Agent hereunder. The Company may, in its sole discretion at any time and from time to time, upon
written notice to the Trustee, but without notice to the Holder of this Security, terminate the appointment of any Person serving as the Calculation Agent and appoint another Person (including any Affiliate of the Company) to serve as the
Calculation Agent. Insofar as this Security provides for the Calculation Agent to determine the value of the Index on any date or other information from any institution or other source, the Calculation Agent may do so from any source or sources of
the kind contemplated or otherwise permitted hereby notwithstanding that any one or more of such sources are the Calculation Agent, Affiliates of the Calculation Agent or Affiliates of the Company. 

7. Payment 

Payment of any amount payable on this Security will be made in such coin or currency of the United States of America as at the time of
payment is legal tender for payment of public and private debts. Payment will be made to an account designated by the Holder (in writing to the Company and the Trustee on or before the applicable Valuation Date) and acceptable to the Company or, if
no such account is designated and acceptable as aforesaid, at the office or agency of the Company maintained for that purpose in The City of New York, provided, however, that payment on the Maturity Date or any Early Redemption
Date shall be made only upon surrender of this Security at such office or agency (unless the Company waives 
  

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surrender). Notwithstanding the foregoing, if this Security is a Global Security, any payment may be made pursuant to the Applicable Procedures of the Depositary as permitted in said Indenture.

 8. Reverse of this Security 

Reference is hereby made to the further provisions of this Security set forth on the reverse hereof, which further provisions shall for
all purposes have the same effect as if set forth at this place. 
 9. Certificate of Authentication 

Unless the certificate of authentication hereon has been executed by the Trustee referred to on the reverse hereof by manual signature,
this Security shall not be entitled to any benefit under the Indenture or be valid or obligatory for any purpose. 
 10.
Prospectus 
 Reference is made to (i) the Prospectus related to the Securities, dated February 10, 2009,
(ii) the Prospectus Supplement, dated March 1, 2010 and (iii) the Pricing Supplement, dated [            ], 2010, (together, the “Prospectus”). The
terms and conditions of this Security as fully set forth in the Prospectus are hereby incorporated by reference in their entirety into this Security and binding upon the parties hereto. In the event of a conflict between the terms of the Prospectus
and the terms of this Security, the Prospectus will control and if the Prospectus provides for a specific United States tax characterization, by purchasing a Security, you agree (in the absence of a change in law, an administrative determination or
a judicial ruling to the contrary) to be bound for United States federal income tax purposes to such tax characterization. Copies of the Prospectus are available from the Company or any underwriter or any dealer participating in the offering by
calling toll free, 1-888-227-2275 (extension 2-3430). 
  

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 IN WITNESS WHEREOF, the Company has caused this instrument to be duly executed. 

 

			
	BARCLAYS BANK PLC
		
	By:	 	  

		 	Name:
		 	Title:
		
	By:	 	  

		 	Name:
		 	Title:

 This is one of the Securities of the series
designated herein and referred to in the Indenture. 
 Dated: 

 

			
	THE BANK OF NEW YORK MELLON
		
	By:	 	  

		 	Name:
		 	Title:

  

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 (Reverse of Security) 

This Security is one of a duly authorized issue of securities of the Company (herein called the “Securities”) issued and to be issued in
one or more series under an Indenture, dated as of September 16, 2004 (herein called the “Indenture,” which term shall have the meaning assigned to it in such instrument), between the Company and The Bank of New York Mellon, as
Trustee (herein called the “Trustee,” which term includes any successor trustee under the Indenture), and reference is hereby made to the Indenture for a statement of the respective rights, limitations of rights, duties and
immunities thereunder of the Company, the Trustee, the Holders of the Securities and of the terms upon which the Securities are, and are to be, authenticated and delivered. Insofar as the provisions of the Indenture may conflict with the provisions
set forth on the face of this Security, the latter shall control for purposes of this Security. 
 This Security is one of the series designated
on the face hereof, initially limited to an aggregate initial offering price not to exceed $10,000,000,000 (or the equivalent thereof in any other currency or currencies or currency units), which amount was increased to $21,000,000,000 on
September 4, 2007 and may be further increased at the option of the Company if in the future it determines that it may wish to sell additional Securities of this series. References herein to “this series” mean the series
designated on the face hereof. 
 Payments under the Securities will be made without deduction or withholding for, or on account of, any and all
present or future income, stamp and other taxes, levies, imposts, duties, charges, fees, deductions or withholdings (“Taxes”) now or hereafter imposed, levied, collected, withheld or assessed by or on behalf of the United Kingdom or
any political subdivision or authority thereof or therein having the power to tax (each a “Taxing Jurisdiction”), unless such deduction or withholding is required by law. If any such Taxes are at any time required by a Taxing
Jurisdiction to be deducted or withheld, the Company will, subject to the exceptions and limitations set forth in Section 10.04 of the Indenture, pay such additional amounts of the principal of such Security and any other amounts payable on
such Security (“Additional Amounts”) as may be necessary in order that the net amounts paid to the Holder of any Security, after such deduction or withholding, shall equal the amounts of the principal of such Security and any other
amounts payable on such Security which would have been payable in respect of such Security had no such deduction or withholding been required. 

If at any time the Company determines that as a result of a change in or amendment to the laws or regulations of a Taxing Jurisdiction (including any
treaty to which such Taxing Jurisdiction is a party), or a change in an official application or interpretation of such laws or regulations (including a decision of any court or tribunal), either generally or in relation to any particular Securities,
which change, amendment, application or interpretation becomes effective on or after the Original Issue Date in making any payment of, or in respect of, the principal amount of the Securities, the Company would 

 

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be required to pay any Additional Amounts with respect thereto, then the Securities will be redeemable upon not less than 35 nor more than 60 days’ notice by mail, at any time thereafter, in
whole but not in part, at the election of the Company as provided in the Indenture at a redemption price equal to the principal amount thereof. 

The Indenture permits, with certain exceptions as therein provided, the amendment thereof and the modification of the rights and obligations of the
Company and the rights of the Holders of the Securities of each series to be affected under the Indenture at any time by the Company and the Trustee with the consent of the Holders of a majority in principal amount of the Securities at the time
Outstanding of all series to be affected (considered together as one class for this purpose). The Indenture also contains provisions (i) permitting the Holders of a majority in aggregate principal amount of the Securities at the time
Outstanding of all series to be affected under the Indenture (considered together as one class for this purpose), on behalf of the Holders of all Securities of such series, to waive compliance by the Company with certain provisions of the Indenture
and (ii) permitting the Holders of a majority in aggregate principal amount of the Securities at the time Outstanding of any series to be affected under the Indenture (with each such series considered separately for this purpose), on behalf of
the Holders of all Securities of such series, to waive certain past defaults under the Indenture and their consequences. Any such consent or waiver by the Holder of this Security shall be conclusive and binding upon such Holder and upon all future
Holders of this Security and of any Security issued upon the registration of transfer hereof or in exchange herefor or in lieu hereof, whether or not notation of such consent or waiver is made upon this Security. 

As provided in and subject to the provisions of the Indenture, the Holder of this Security shall not have any right to institute any proceeding, judicial
or otherwise, with respect to the Indenture or for the appointment of a receiver or trustee or for any other remedy thereunder, unless such Holder shall have previously given the Trustee written notice of a continuing Event of Default with respect
to the Securities of this series, the Holders of not less than 25% in aggregate principal amount of the Securities of this series at the time Outstanding shall have made written request to the Trustee to institute proceedings in respect of such
Event of Default as Trustee and offered the Trustee reasonable indemnity against the costs, expenses and liabilities to be incurred in compliance with such request, and the Trustee shall not have received from the Holders of a majority in principal
amount of Securities of this series at the time Outstanding a direction inconsistent with such request, and shall have failed to institute any such proceeding, for 60 days after receipt of such notice, request and offer of indemnity. The foregoing
shall not apply to any suit instituted by the Holder of this Security for the enforcement of any payment of principal hereof on or after the respective due dates expressed herein. 

 

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 No reference herein to the Indenture and no provision of this Security or of the Indenture shall alter or
impair the obligation of the Company, which is absolute and unconditional, to pay the principal of this Security as herein provided. 
 As
provided in the Indenture and subject to certain limitations therein set forth, the transfer of this Security is registrable in the Senior Debt Security Register, upon surrender of this Security for registration of transfer at the office or agency
of the Company in any place where the principal of this Security is payable, duly endorsed by, or accompanied by a written instrument of transfer in form satisfactory to the Company and the Senior Debt Security Registrar duly executed by, the Holder
hereof or his attorney duly authorized in writing. Thereupon one or more new Securities of this series and of like tenor, of authorized denominations and for the same aggregate principal amount, will be issued to the designated transferee or
transferees. 
 This Security, and any other Securities of this series and of like tenor, are issuable only in registered form without coupons
in denominations of any multiple of $50. As provided in the Indenture and subject to certain limitations therein set forth, Securities of this series are exchangeable for a like aggregate principal amount of Securities of this series and of like
tenor of a different authorized denomination, as requested by the Holder surrendering the same. 
 No service charge shall be made for any such
registration of transfer or exchange, but the Company may require payment of a sum sufficient to cover any tax or other governmental charge payable in connection therewith. 

Prior to due presentment of this Security for registration of transfer, the Company, the Trustee and any agent of the Company or the Trustee may treat
the Person in whose name this Security is registered as the owner hereof for all purposes, whether or not this Security be overdue, and neither the Company, the Trustee nor any such agent shall be affected by notice to the contrary. 

This Security and the Indenture shall be governed by and construed in accordance with the laws of the State of New York. 

 

 –14–Purchase Agreement

 Exhibit 10.1 

ENTRAVISION COMMUNICATIONS CORPORATION 

$400,000,000 

8.750% Senior Secured First Lien Notes due 2017 

Purchase Agreement 

July 22, 2010 
 Citigroup
Global Markets Inc. 
 as Representative of the several Initial Purchasers 

c/o Citigroup Global Markets Inc. 
 388
Greenwich Street 
 New York, New York 10013 

Ladies and Gentlemen: 

Entravision Communications Corporation, a corporation organized under the laws of Delaware (the “Company”), proposes to issue
and sell to the several parties named in Schedule I hereto (the “Initial Purchasers”), for whom you (the “Representative”) are acting as representative, $400,000,000 aggregate principal amount of its 8.750% Senior Secured
First Lien Notes due 2017 (the “Notes”). The Notes will have the benefit of a registration rights agreement (the “Registration Rights Agreement”) to be dated as of the Closing Date (as defined below), among the Company, the
entities listed on Schedule III hereto (each a “Guarantor,” and collectively, together with any subsidiary of the Company formed or acquired after the Closing Date that executes an additional Guarantee in accordance with the terms of the
Indenture (as defined below), and their respective successors and assigns, the “Guarantors”), and the Representative, pursuant to which the Company will agree to register the Securities (as defined below) under the Securities Act of 1933,
as amended, and the rules and regulations promulgated by the Commission thereunder (the “Act”) subject to the terms and conditions therein specified. The Notes are to be issued under an indenture (the “Indenture”), to be dated as
of the Closing Date, among the Company, the Guarantors and Wells Fargo Bank, National Association, as trustee (the “Trustee”). The payment of Notes will be fully and unconditionally guaranteed on a senior secured basis (the
“Guarantees,” and together with the Notes, the “Securities”), jointly and severally, by each of the Guarantors. The Guarantees will be set forth in the Indenture. The use of the neuter in this Agreement shall include the feminine
and masculine wherever appropriate. Certain terms used herein are defined in Section 21 hereof. 
 Pursuant to the Security
Documents (as defined in the Indenture) to be entered into among the Company, the Guarantors and the Trustee on the Closing Date, the obligations of the Company under the Securities and of each Guarantor under its Guarantee will be secured by
Priority Liens (as defined in the Indenture), on a first priority basis, over substantially all assets of the Company and the Guarantors, subject to certain exceptions (all assets subject to the Priority Liens, hereinafter collectively referred to
as the “Collateral”). The Collateral will also be pledged to General Electric Capital Corporation, as agent (the “Collateral Trustee”), for the 

 
benefit of the lenders under the New Credit Facility, to be dated as of the Closing Date (the “New Credit Facility”), among the Collateral Trustee and the Company and certain of its
subsidiaries as borrowers, as holders of the senior priority liens, and will be granted to the Trustee for the benefit of the holders of the Securities as holders of Priority Liens. On the Closing Date, the Trustee will enter into a collateral trust
and intercreditor agreement (the “Intercreditor Agreement”) with the Company, the guarantors from time to time party thereto, General Electric Capital Corporation, as administrative agent, the other senior representatives from time to time
party thereto and the Collateral Trustee with respect to the Collateral. 
 The sale of the Securities to the Initial Purchasers
will be made without registration of the Securities under the Act in reliance upon exemptions from the registration requirements of the Act. 

In connection with the sale of the Securities, the Company has prepared a preliminary offering memorandum, dated July 19, 2010 (as
amended or supplemented at the date thereof, including any and all exhibits thereto and any information incorporated by reference therein, the “Preliminary Memorandum”), and a final offering memorandum, dated July 22, 2010 (as amended
or supplemented at the Execution Time, including any and all exhibits thereto and any information incorporated by reference therein, the “Final Memorandum”). Each of the Preliminary Memorandum and the Final Memorandum sets forth certain
information concerning the Company and the Securities. The Company hereby confirms that it has authorized the use of the Disclosure Package, the Preliminary Memorandum and the Final Memorandum, and any amendment or supplement thereto, in connection
with the offer and sale of the Securities by the Initial Purchasers. Unless stated to the contrary, any references herein to the terms “amend”, “amendment” or “supplement” with respect to the Disclosure Package, the
Preliminary Memorandum and the Final Memorandum shall be deemed to refer to and include any information filed under the Exchange Act subsequent to the Execution Time that is incorporated by reference therein. 

1. Representations and Warranties. Each of the Company and the Guarantors, jointly and severally, represents and warrants to, and
agrees with, each Initial Purchaser as set forth below in this Section 1: 
 (a) The Disclosure Package, as of the
Execution Time, did not contain any untrue statement of a material fact or omit to state any material fact necessary to make the statements therein, in the light of the circumstances under which they were made, not misleading. The Final Memorandum,
at the date thereof, on the Closing Date and on any settlement date did not and will not (and any amendment or supplement thereto, at the date thereof, at the Closing Date and on any settlement date will not) contain any untrue statement of a
material fact or omit to state any material fact necessary to make the statements therein, in the light of the circumstances under which they were made, not misleading; provided, however, that neither the Company nor the Guarantors
make any representation or warranty as to the information contained in or omitted from the Disclosure Package or the Final Memorandum, or any amendment or supplement thereto, in reliance upon and in conformity with information furnished in writing
to the Company by or on behalf of the Initial Purchasers through the Representative expressly for inclusion therein, it being understood and agreed that the only such information furnished by or on behalf of any Initial Purchaser consists of the
information 
  

 2 

 
described as such in Section 8(b) hereof. The Disclosure Package contains, and the Final Memorandum will contain, all the information specified in, and meeting the requirements of, Rule
144A. The Company has not distributed and will not distribute, prior to the Closing Date and the completion of the Initial Purchasers’ distribution of the Securities, any offering material in connection with the offering and sale of the
Securities other than the Disclosure Package and the Final Memorandum. No order preventing the use of the Preliminary Memorandum or the Final Memorandum, or any order asserting that any of the transactions contemplated by this Agreement are subject
to the registration requirements of the Act, has been issued or, to the knowledge of the Company, has been threatened by the Commission or any other regulatory authority. 

(b) Neither the Company nor any Guarantor has prepared, made, used, authorized, approved or distributed or will prepare, make, use,
authorize, approve or distribute any written communication (as defined in Rule 405 under the Act) that constitutes an offer to sell or solicitation of an offer to buy the Securities other than (i) the Disclosure Package, (ii) the Final
Memorandum, (iii) any electronic road show or other written communications, and (iv) any other written communication approved in writing in advance by the Representative, in each case used in accordance with Section 5(c). Each such
communication by the Company, the Guarantors or their agents and representatives pursuant to clauses (iii) and (iv) of the preceding sentence (each, an “Issuer Additional Written Communication”), when taken together with the
Disclosure Package, did not at the Execution Time, and at the Closing Date will not, contain any untrue statement of a material fact or omit to state a material fact necessary in order to make the statements therein, in the light of the
circumstances under which they were made, not misleading; provided that this representation, warranty and agreement shall not apply to statements in or omissions from each such Issuer Additional Written Communication made in reliance upon and
in conformity with information furnished to the Company in writing by any Initial Purchaser through the Representative expressly for use in any Issuer Additional Written Communication, it being understood and agreed that the only such information
furnished by or on behalf of any Initial Purchaser consists of the information described as such in Section 8(b) hereof. 

(c) Each of the documents incorporated by reference into the Preliminary Memorandum and Final Memorandum, at the time it was or hereafter
is filed with the Commission, complied or will comply, as applicable, in all material respects with the requirements of the Exchange Act. Each such document, when taken together with the Disclosure Package, did not at the Execution Time, and on the
Closing Date will not, contain any untrue statement of a material fact or omit to state any material fact necessary to make the statements therein, in light of the circumstances under which they were made, not misleading. 

(d) On the Closing Date, the Securities will not be of the same class as securities listed on a national securities exchange registered
under Section 6 of the Exchange Act or quoted in a U.S. automated interdealer quotation system. 
 (e) None of the Company,
its Affiliates (as defined in Rule 144 under the Act), or any person acting on its or their behalf has, directly or indirectly, made offers or sales of any security, or solicited offers to buy, any security under circumstances that would
require the registration of the Securities under the Act, it being understood that the Company and the Guarantors make no representation, warranty or agreement in this paragraph (e) regarding the conduct of the Initial Purchasers. 

 

 3 

 (f) None of the Company, its Affiliates, or any person (other than any Initial Purchaser)
acting on its or their behalf has: (i) engaged in any form of general solicitation or general advertising (within the meaning of Regulation D) in connection with any offer or sale of the Securities or (ii) engaged in any directed
selling efforts (within the meaning of Regulation S) with respect to the Securities; and each of the Company, its Affiliates and each person acting on its or their behalf has complied with the offering restrictions requirement of Regulation S, it
being understood that the Company and the Guarantors make no representation, warranty or agreement in this paragraph (f) regarding the conduct of the Initial Purchasers. 

(g) The Securities satisfy the eligibility requirements of Rule 144A(d)(3) under the Act. 

(h) No registration under the Act of the Securities is required for the offer and sale of the Securities to or by the Initial Purchasers
in the manner contemplated herein, including in Section 4 of this Agreement, the Disclosure Package and the Final Memorandum. 

(i) Except as will be set forth in the Registration Rights Agreement or as otherwise described in the Disclosure Package and the Final
Memorandum, there are no contracts, agreements or understandings between the Company and any person granting such person the right to require the Company to file a registration statement under the Act with respect to any securities of the Company.

 (j) The Company is subject to and in full compliance with the reporting requirements of Section 13 or Section 15(d)
of the Exchange Act. 
 (k) Neither the Company nor any Guarantor is, and after giving effect to the offering and sale of the
Securities and the application of the proceeds thereof as described in the Disclosure Package and the Final Memorandum will be, an “investment company” as defined in the Investment Company Act. 

(l) The Company has not taken, directly or indirectly, any action designed to or that has constituted or that might reasonably be
expected to cause or result, under the Exchange Act or otherwise, in stabilization or manipulation of the price of any security of the Company to facilitate the sale or resale of the Securities. 

(m) Each of the Company and its subsidiaries has been duly incorporated or formed, as applicable, and is validly existing as a
corporation, limited partnership or limited liability company, as applicable, in good standing under the laws of the jurisdiction in which it is chartered or organized with full corporate, partnership or limited liability company, as applicable,
power and authority to own or lease, as the case may be, and to operate its properties and conduct its business as described in the Disclosure Package and the Final Memorandum, and is duly qualified to do business as a foreign corporation and is in
good standing under the laws of each jurisdiction that requires such qualification, except to the extent the failure to so qualify or be in good standing would not reasonably be expected to have a Material Adverse Effect. 

 

 4 

 (n) All the outstanding shares of capital stock of the Company and each subsidiary have been
duly authorized and validly issued and are fully paid and nonassessable, and, except as otherwise set forth in the Disclosure Package and the Final Memorandum, all outstanding shares of capital stock of the subsidiaries are owned by the Company,
directly or through wholly owned subsidiaries, free and clear of any security interest, mortgage, pledge, claim, lien or encumbrance. 

(o) The statements in the Preliminary Memorandum and the Final Memorandum under the headings “Certain U.S. Federal Income Tax
Considerations” and “Description of the Notes” fairly summarize the matters therein described. 
 (p) This
Agreement has been duly authorized, executed and delivered by the Company and the Guarantors; on the Closing Date, the Registration Rights Agreement will have been duly authorized, executed and delivered by the Company and, assuming due
authorization, execution and delivery thereof by the Representative, will constitute a valid and legally binding instrument enforceable against the Company and each of the Guarantors in accordance with its terms (subject, as to the enforcement of
remedies, to applicable bankruptcy, reorganization, insolvency, fraudulent transfer, moratorium or other laws relating to or affecting creditors’ rights generally from time to time in effect and to general principles of equity (regardless of
whether enforcement is considered in a proceeding in equity or at law)); on the Closing Date, the Indenture will have been duly authorized by the Company and each Guarantor and, assuming due authorization, execution and delivery thereof by the
Trustee, will constitute a legal, valid, binding instrument enforceable against the Company and each Guarantor in accordance with its terms (subject, as to the enforcement of remedies, to applicable bankruptcy, reorganization, insolvency, fraudulent
transfer, moratorium or other laws affecting creditors’ rights generally from time to time in effect and to general principles of equity (regardless of whether enforcement is considered in a proceeding in equity or at law)); and the Notes have
been duly authorized, and, when executed and authenticated in accordance with the provisions of the Indenture and delivered to and paid for by the Initial Purchasers, will have been duly executed and delivered by the Company and will constitute the
legal, valid and binding obligations of the Company entitled to the benefits of the Indenture (subject, as to the enforcement of remedies, to applicable bankruptcy, reorganization, insolvency, fraudulent transfer, moratorium or other laws affecting
creditors’ rights generally from time to time in effect and to general principles of equity (regardless of whether enforcement is considered in a proceeding in equity or at law)). 

(q) On the Closing Date, the notes to be offered in exchange for the Notes pursuant to the Registration Rights Agreement (the
“Exchange Notes” and, collectively with the Guarantees attached thereto, the “Exchange Securities”) will have been duly and validly authorized for issuance by the Company, and when issued and authenticated in accordance with the
terms of the Indenture and the Registration Rights Agreement, will constitute valid and binding obligations of the Company, enforceable against the Company in accordance with their terms (subject, as to the enforcement of remedies, to applicable
bankruptcy, reorganization, insolvency, fraudulent transfer, moratorium or other laws affecting creditors’ rights generally from time to time in effect and to general principles of equity (regardless of whether enforcement is considered in a
proceeding in equity or at law)); and the Exchange Securities will conform to the descriptions thereof in the Disclosure Package and the Final Memorandum. 
  

 5 

 (r) The Guarantees of the Notes on the Closing Date and the Guarantees of the Exchange Notes
when issued will be in the respective forms contemplated by the Indenture and have been duly authorized for issuance pursuant to this Agreement and the Indenture; the Guarantees of the Notes, at the Closing Date, will have been duly executed by each
of the Guarantors and, when the Notes have been authenticated in the manner provided for in the Indenture and issued and delivered against payment of the purchase price therefor, the Guarantees of the Notes will constitute valid and binding
agreements of the Guarantors; and, when the Exchange Notes have been authenticated in the manner provided for in the Indenture and issued and delivered in accordance with the Registration Rights Agreement, the Guarantees of the Exchange Notes will
constitute valid and binding agreements of the Guarantors, in each case, enforceable in accordance with their terms (subject, as to the enforcement of remedies, to applicable bankruptcy, reorganization, insolvency, fraudulent transfer, moratorium or
other laws affecting creditors’ rights generally from time to time in effect and to general principles of equity (regardless of whether enforcement is considered in a proceeding in equity or at law)). 

(s) The New Credit Facility has been duly and validly authorized by the Company and the Guarantors and, when duly executed and delivered
by the Company (assuming the due authorization, execution and delivery thereof by the lenders thereto) and the Guarantors, will constitute a valid and legally binding obligation of the Company and the Guarantors, enforceable against them in
accordance with its terms (subject, as to the enforcement of remedies, to applicable bankruptcy, reorganization, insolvency, fraudulent transfer, moratorium or other laws affecting creditors’ rights generally from time to time in effect and to
general principles of equity (regardless of whether enforcement is considered in a proceeding in equity or at law)). 
 (t) On
the Closing Date, the Security Documents will have been duly authorized, executed and delivered by the Company and the Guarantors (to the extent each is a party thereto), will conform to the descriptions thereof contained in the Disclosure Package
and the Final Memorandum and will constitute legal, valid and binding instruments enforceable against the Company and the Guarantors (to the extent each is a party thereto) in accordance with their terms (assuming due authorization, execution and
delivery by the Collateral Trustee and the Trustee and subject, as to the enforcement of remedies, to applicable bankruptcy, reorganization, insolvency, fraudulent transfer, moratorium or other laws affecting creditors’ rights generally from
time to time in effect and to general principles of equity (regardless of whether enforcement is considered in a proceeding in equity or at law)); provided that deposit account control agreements and other Security Documents might be executed and
delivered after the Closing Date if the Collateral Trustee so agrees, and upon the execution and delivery of such other Security Documents, such Security Documents will constitute legal, valid and binding instruments enforceable against the Company
and the Guarantors (to the extent each is a party thereto) in accordance with their terms (assuming due authorization, execution and delivery by the Collateral Trustee and the Trustee and subject, as to the enforcement of remedies, to applicable
bankruptcy, reorganization, insolvency, fraudulent transfer, moratorium or other laws affecting creditors’ rights generally from time to time in effect and to general principles of equity (regardless of whether enforcement is considered in a
proceeding in equity or at law)). 
 (u) The Security Documents, upon their execution and delivery by the Company and the
Guarantors (to the extent each is a party thereto), will create a legally valid, 
  

 6 

 
enforceable and, together with the filings and other actions described in Section 1(w), continuing first priority security interest in all right, title and interest of the Company and the
Guarantors in and to the Collateral under each jurisdiction of organization in favor of the Collateral Trustee for the benefit of the Trustee and the holders of the Securities, among others, in each case subject to the provisions of the
Intercreditor Agreement, certain Permitted Liens (as defined in the Final Memorandum) and other exceptions set forth in the Security Documents; it being understood that the Company and the Guarantors make no representation, warranty or agreement in
this paragraph (u) regarding the compliance by the Trustee, Collateral Trustee or Initial Purchasers with the laws of the jurisdiction in which such Collateral is held as to the perfection and maintenance of valid security interests therein

 (v) At the Closing Date, the applicable pledging entity under each Security Document will own the relevant Collateral covered
by such Security Document, free and clear of any security interest, mortgage, pledge, lien, encumbrance, equities or claim (collectively, “Liens”), except (i) for any Liens securing the Collateral for the benefit of the holders of the
Securities, (ii) where such Lien would be a Permitted Lien under the terms of the Indenture, or (iii) any Liens that will be discharged at or prior to the Closing Date. 

(w) The Company and each Guarantor have used their reasonable best efforts to complete all filings, registrations with any governmental
or judicial office in the relevant jurisdiction of organization necessary to ensure the validity, legality and enforceability of the Security Documents and other actions necessary to perfect and protect the security interest in the Collateral to be
created under the Security Documents on the Closing Date, but to the extent any such security interest cannot be perfected by such date, the Company and each Guarantors will use reasonable best efforts to have all security interests perfected to the
extent required by the Security Documents promptly following the Closing Date, but in any event shall perfect such security interest no later than 120 days thereafter, and when (i) financing statements and other filings in appropriate form
describing the Collateral with respect to which a security interest may be perfected by filing or recordation are filed or recorded with the appropriate governmental authority and (ii) upon the taking of possession or control by the Collateral
Trustee holding such Collateral as gratuitous bailee and/or gratuitous agent on behalf of the Trustee and the holders of the Securities, of the Collateral with respect to which a security interest may be perfected only by possession or control, and
the acknowledgement by the Collateral Trustee that they are holding such Collateral for the Trustee and the holders of the Securities, the Liens created by the Security Documents shall constitute fully perfected Liens on, and security interests in
the Collateral to the extent such security interests can be perfected by such filing, recordation, possession or control and to the extent such matter is governed by the laws of the United States or a jurisdiction thereof, superior to and prior to
the liens of all third persons other than Permitted Liens (as such term is defined in the Disclosure Package and the Final Memorandum), and except as otherwise provided for in the Security Documents. 

(x) All of the capital stock or other equity interests of any corporation or other entity which is to be pledged under the Security
Documents in certificated form, exists as of the date hereof and will be delivered to the Collateral Trustee on the Closing Date. 

(y) No consent, approval, authorization, filing with or order of any court or governmental agency or body (including, without limitation,
the FCC (as hereinafter defined)) is 
  

 7 

 
required in connection with the transactions contemplated herein, in the Registration Rights Agreement or in the Indenture, except such as may be required under the blue sky laws of any
jurisdiction in which the Securities are offered and sold and, in the case of the Registration Rights Agreement, such as will be obtained under the Act and the Trust Indenture Act, and except such as would not affect the validity of the Securities
and the ability of the Company to perform its obligations hereunder. 
 (z) None of the execution and delivery of this
Agreement, the Indenture, the Registration Rights Agreement or the New Credit Facility, the issuance and sale of the Securities and the Exchange Securities, or the consummation of any other of the transactions contemplated herein or therein, or in
the Disclosure Package and the Final Memorandum, or the fulfillment of the terms hereof or thereof will (A) conflict with, result in a breach or violation or imposition of any lien, charge or encumbrance upon any property or assets of the
Company or any of its subsidiaries pursuant to (i) the charter or by-laws or comparable constituting documents of the Company or any of its subsidiaries, (ii) the terms of any indenture, contract, lease, mortgage, deed of trust, note
agreement, loan agreement or other agreement, obligation, condition, covenant or instrument to which the Company or any of its subsidiaries is a party or bound or to which its or their property is subject or (iii) any statute, law, rule,
regulation (including, without limitation, the Communications Act of 1934, as amended (the “Communications Act”) and the rules and regulations of the Federal Communications Commission (the “FCC”) (all such statutes, laws, rules
and regulations, including the Communications Act, the “Communications Laws”)), judgment, order or decree of any court, regulatory body, administrative agency (including, without limitation, the FCC), governmental body, arbitrator or other
governmental or private authority having jurisdiction over the Company or any of its subsidiaries or any of its or their properties, except in the case of (iii), for such breaches, violations or defaults as would not reasonably be expected to have a
Material Adverse Effect and that would not affect the validity of the Securities; or (B) result in the suspension, termination or revocation of any permits, licenses, consents, exemptions, franchises, authorizations and other approvals,
including, without limitation, under any applicable Communications Laws or Environmental Laws (as defined below) (each, an “Authorization”), of the Company or its subsidiaries, or any other impairment of the rights of the holder of any
such Authorization with, any governmental agency or body (including without limitation, the FCC) or any court, except that a copy of any security agreements entered into by the Company or its subsidiaries under the terms of this Agreement are to be
filed with the FCC within 30 days of their full execution. 
 (aa) The consolidated historical financial statements and
schedules of the Company and its consolidated subsidiaries included or incorporated by reference in the Disclosure Package and the Final Memorandum present fairly the financial condition, results of operations and cash flows of the Company as of the
dates and for the periods indicated comply as to form with the applicable accounting requirements of Regulation S-X and have been prepared in conformity with generally accepted accounting principles applied on a consistent basis throughout the
periods involved (except as otherwise noted therein); the selected financial data set forth under the caption “Summary Historical and Pro Forma Condensed Consolidated Financial Data” in the Preliminary Memorandum and the Final Memorandum
fairly present, on the basis stated in the Preliminary Memorandum and the Final Memorandum, the information included or incorporated by reference therein; the pro forma financial statements included in the Disclosure Package and the Final Memorandum
include assumptions that provide a reasonable 
  

 8 

 
basis for presenting the significant effects directly attributable to the transactions and events described therein, the related pro forma adjustments give appropriate effect to those
assumptions, and the pro forma adjustments reflect the proper application of those adjustments to the historical financial statement amounts in the pro forma financial statements included in the Disclosure Package and the Final Memorandum; the pro
forma financial statements included in the Disclosure Package and the Final Memorandum comply as to form with the applicable accounting requirements of Regulation S-X; and the pro forma adjustments have been properly applied to the historical
amounts in the compilation of those statements. 
 (bb) No action, suit or proceeding by or before any court or governmental
agency (including, without limitation, the FCC), authority or body or any arbitrator involving the Company or any of its subsidiaries or its or their property is pending or, to the best knowledge of the Company, threatened that, if determined
adversely to the Company or any of its subsidiaries, (i) would reasonably be expected to have a material adverse effect on the performance of this Agreement, the Indenture, the Registration Rights Agreement, the New Credit Facility or the
consummation of any of the transactions contemplated hereby or thereby or (ii) would reasonably be expected to have a Material Adverse Effect, except as set forth in or contemplated in the Disclosure Package and the Final Memorandum (exclusive
of any amendment or supplement thereto). 
 (cc) FCC Licenses. 

1. All FCC licenses, permits and authorizations that are necessary for the Company and its subsidiaries to operate their
respective television and radio stations (collectively, the “Stations”) as they are currently operated (individually an “FCC License” and collectively, the “FCC Licenses”) are held by the Company or its subsidiaries
(the “license-holding subsidiaries”), and each of the FCC Licenses is validly issued and in full force and effect. The Stations and such FCC Licenses of the Company and its license-holding subsidiaries are listed on Schedule IV-A
hereto, and each of such FCC Licenses has the expiration date indicated on Schedule IV-A. 
 2. The Company
and the Guarantors have no knowledge of any condition imposed by the FCC as part of any FCC License, which condition is neither set forth on the face thereof as issued by the FCC, contained in an FCC order or other FCC action directed to the holder
of the applicable FCC License nor contained in the Communications Laws as applicable generally to stations of the type, nature, class or location of the Station in question. Each Station has been and is being operated, except where permitted by the
FCC to operate at variance, in all material respects in accordance with the terms and conditions of the FCC Licenses applicable to it and the Communications Laws. 

3. Except as set forth on Schedule IV-B hereto, no proceedings are pending or to the knowledge of the Company or the
Guarantors are threatened that would reasonably be expected to result in the revocation, modification, non-renewal or suspension of any of the FCC Licenses, the denial of any pending applications, the issuance of any cease and desist order or the
imposition of any 
  

 9 

 
fines, forfeitures or other administrative actions by the FCC with respect to any Station or its operations, other than any matters that, individually or in the aggregate, would not reasonably be
expected to result in a Material Adverse Effect and proceedings affecting the television and radio broadcasting industries. 

4. Except as set forth on Schedule IV-B hereto, all reports, applications and other documents required to be filed by the
Company and its subsidiaries with the FCC with respect to the Stations (including, without limitation, with respect to the issuance and the sale of the Securities contemplated hereby) have heretofore been timely filed, and all such reports,
applications and documents are true, correct and complete in all respects, except where the failure to make such timely filing or any inaccuracy therein would not, individually or in the aggregate, reasonably be expected to result in a Material
Adverse Effect, and neither the Company nor any Guarantor has knowledge of any matters that would reasonably be expected to result in the suspension or revocation of or the refusal to renew any of the FCC Licenses or the imposition on the Company,
the Guarantors or any of their respective subsidiaries of any material fines or forfeitures by the FCC, or that would reasonably be expected to result in the suspension, revocation, rescission, reversal or modification of any Station’s
authorization to operate as currently authorized under the Communications Laws. 
 5. The Company and its
license-holding subsidiaries have complied with all FCC orders and directives applicable to the Stations and operations, except as any such non-compliance would not have a Material Adverse Effect. 

(dd) The agreements set forth in Schedule V include all of the network affiliation agreements between the Stations owned or operated by
the Company, the Guarantors or any of their respective subsidiaries, on the one hand, and the entities listed on Schedule V, on the other hand; and such agreements have been duly authorized, executed and delivered by the Company, the respective
Guarantor or the respective subsidiary and constitute valid and legally binding agreements (assuming due authorization, execution and delivery by the counterparties thereto) of the respective parties thereto (subject, as to the enforcement of
remedies, to applicable bankruptcy, reorganization, insolvency, fraudulent transfer, moratorium or other laws affecting creditors’ rights generally from time to time in effect and to general principles of equity (regardless of whether
enforcement is considered in a proceeding in equity or at law)). 
 (ee) All of the material properties, equipment and systems
of the Company and its subsidiaries are, and the Stations owned and/or operated by them are, and all material properties, equipment and systems to be added in connection with any contemplated Station expansion or construction will be, in a condition
sufficient for the operation thereof in accordance with the past practice of the Station in question, and are and will be in compliance with all applicable standards, rules or requirements imposed by (a) any governmental agency or authority,
including, without limitation, the FCC and (b) any FCC License, in each case except where such noncompliance or condition would not reasonably be expected to result in a Material Adverse Effect. 

 

 10 

 (ff) Each of the Company and its subsidiaries has good and marketable (i) fee title to
all of the real properties and (ii) title to all of the other properties and assets reflected as owned in the financial statements referred to in Section 1(aa) hereof, in each case free and clear of any Liens and other defects, except for
Permitted Liens (as such term is defined in the Disclosure Package and the Final Memorandum) except for such as do not materially and adversely affect the value of such property and do not materially interfere with the use made or proposed to be
made of such property by the Company, the Guarantors or any of their respective subsidiaries and other than those currently granted pursuant to the Company and the Guarantors’ existing credit facilities. The real property, improvements,
equipment and personal property held under lease by the Company, the Guarantors and any of their respective subsidiaries are held under valid and enforceable leases, with such exceptions as would not, individually or in the aggregate, have a
material adverse effect on the use or proposed use of such real property, improvements, equipment or personal property by the Company, the Guarantors or any of their respective subsidiaries. 

(gg) Each of the Company and its subsidiaries owns or leases all such properties as are necessary to the conduct of its operations as
presently conducted. 
 (hh) Neither the Company nor any of its subsidiaries is in violation or default of (i) any
provision of its charter or bylaws or comparable constituting documents; (ii) with only such exceptions as would have no Material Adverse Effect, the terms of any indenture, contract, lease, mortgage, deed of trust, note agreement, loan
agreement or other agreement, obligation, condition, covenant or instrument to which it is a party or bound or to which its property is subject, or (iii) any statute, law, rule, regulation, (including, without limitation, the Communications
Laws), judgment, order or decree applicable to the Company or any of its subsidiaries of any court, regulatory body, administrative agency (including, without limitation, the FCC), governmental body, arbitrator or other authority having jurisdiction
over the Company or such subsidiary or any of its properties, as applicable. There exists no condition that, with notice, the passage of time or otherwise, would constitute a default by the Company or any of its subsidiaries under any such document
or instrument or result in the imposition of any penalty or the acceleration of any indebtedness, with only such exceptions as would have no Material Adverse Effect. 

(ii) As of the date hereof and as of the Closing Date, immediately prior to and immediately following the consummation of the
transactions contemplated by this Agreement, each of the Company and the Guarantors is and will be Solvent. None of the Company or the Guarantors is contemplating the filing of a petition by it under any bankruptcy or insolvency laws or the
liquidating of all or a substantial portion of its property, and neither the Company nor any Guarantor has any knowledge of any person contemplating the filing of any such petition against it. As used herein, “Solvent” shall mean, for any
person on a particular date, that on such date (A) the fair value of the property of such person is greater than the total amount of liabilities, including, without limitation, contingent liabilities, of such person, (B) the present fair
salable value of the assets of such person is not less than the amount that will be required to pay the probable liability of such person on its debts as they become absolute and matured, (C) such person does not intend to, and does not believe
that it will, incur debts and liabilities beyond such person’s ability to pay as such debts and liabilities mature, (D) such person is not engaged in a business or a transaction, and is not about to engage in a business or a transaction,
for which such person’s property would be found to constitute unreasonably small capital and (E) such person is able to pay its debts as they become due and payable. 

 

 11 

 (jj) Except as described in the section entitled “Plan of Distribution” in the
Preliminary Memorandum and Final Memorandum, there are no contracts, agreements or understandings between the Company or any of its subsidiary and any other person other than the Initial Purchasers pursuant to this Agreement that would give rise to
a valid claim against the Company, any such subsidiary or Initial Purchaser for a brokerage commission, finder’s fee or like payment in connection with the issuance, purchase and sale of the Securities. 

(kk) The statistical and market-related data included in the Disclosure Package and the Final Memorandum are based on or derived from
sources that the Company believes to be reliable and accurate in all material respects. 
 (ll) There are no transactions
between the Company and its Affiliates and concerning material contracts, agreements, covenants, indentures, loans, mortgages, leases or other agreements or instruments material to the Company and its Affiliates that would be required to be
described in a prospectus included in a registration statement filed under the Act that have not been described in the Disclosure Package and the Final Memorandum or incorporated by reference therein, and any such descriptions thereof are accurate
and complete in all material respects. 
 (mm) Each of McGladrey & Pullen, LLP and PricewaterhouseCoopers LLP, who have
certified certain financial statements of the Company and its consolidated subsidiaries and delivered their report with respect to the audited consolidated financial statements and schedules included or incorporated by reference in the Disclosure
Package and the Final Memorandum, is an independent registered public accounting firm within the meaning of the Act, the Exchange Act and the rules of the Public Company Accounting Oversight Board, and any non-audit services provided by either firm
to the Company or any of the Guarantors have been approved by the Audit Committee of the Board of Directors of the Company. 

(nn) There are no stamp or other issuance or transfer taxes or duties or other similar fees or charges required to be paid in connection
with the execution and delivery of this Agreement or the issuance or sale of the Securities. 
 (oo) The Company has filed all
applicable tax returns that are required to be filed or has requested extensions thereof (except in any case in which the failure so to file would not have a Material Adverse Effect and except as set forth in or contemplated in the Disclosure
Package and the Final Memorandum (exclusive of any amendment or supplement thereto)) and has paid all taxes required to be paid by it and any other assessment, fine or penalty levied against it, to the extent that any of the foregoing is due and
payable, except for any such assessment, fine or penalty that is currently being contested in good faith, that has been validly extended or as would not have a Material Adverse Effect and except as set forth in or contemplated in the Disclosure
Package and the Final Memorandum (exclusive of any amendment or supplement thereto). 
  

 12 

 (pp) No labor problem or dispute with the employees of the Company or any of its
subsidiaries exists or, to the knowledge of the Company or any of its subsidiaries, is threatened or imminent, and the Company is not aware of any existing or imminent labor disturbance by the employees of any of its or its subsidiaries’
principal suppliers, contractors or customers, except as would not have a Material Adverse Effect and except as set forth in or contemplated in the Disclosure Package and the Final Memorandum (exclusive of any amendment or supplement thereto).

 (qq) No subsidiary of the Company is currently prohibited, directly or indirectly, from paying any dividends to the Company,
from making any other distribution on such subsidiary’s capital stock, from repaying to the Company any loans or advances to such subsidiary from the Company or from transferring any of such subsidiary’s property or assets to the Company
or any other subsidiary of the Company, except as described in or contemplated in the Disclosure Package or the Final Memorandum (in each case, exclusive of any amendment or supplement thereto). 

(rr) The Company and each of its subsidiaries are insured by insurers of recognized financial responsibility against such losses and
risks and in such amounts as are prudent and customary in the businesses in which they are engaged; all material policies of insurance and fidelity or surety bonds insuring the Company or any of its subsidiaries or their respective businesses,
assets, employees, officers and directors are in full force and effect; the Company and its subsidiaries are in compliance with the terms of such policies and instruments; there are no material claims by the Company or any of its subsidiaries under
any such policy or instrument as to which any insurance company is denying liability or defending under a reservation of rights clause; neither the Company nor any of its subsidiaries has been refused any material insurance coverage sought or
applied for; and neither the Company nor any of its subsidiaries has any reason to believe that it will not be able to renew its existing insurance coverage as and when such coverage expires or to obtain similar coverage from similar insurers as may
be necessary to continue its business at a cost that would not have a Material Adverse Effect except as set forth in or contemplated in the Disclosure Package and the Final Memorandum (exclusive of any amendment or supplement thereto). 

(ss) The Company and each of its subsidiaries maintain a system of internal accounting controls sufficient to provide reasonable
assurance that (i) transactions are executed in accordance with management’s general or specific authorizations, (ii) transactions are recorded as necessary to permit preparation of financial statements in conformity with generally
accepted accounting principles and to maintain asset accountability, (iii) access to assets is permitted only in accordance with management’s general or specific authorization, and (iv) the recorded accountability for assets is
compared with the existing assets at reasonable intervals and appropriate action is taken with respect to any differences. The Company and its subsidiaries’ internal controls over financial reporting are effective and the Company and its
subsidiaries are not aware of any material weakness in their internal control over financial reporting, except as may be disclosed in the Disclosure Package, the Final Memorandum and the Company’s Annual Report on Form 10-K for the fiscal year
ended December 31, 2009. The Company and its subsidiaries maintain “disclosure controls and procedures” (as such term is defined in Rule 13a-15(e) under the Exchange Act) and such disclosure controls and procedures are effective.

  

 13 

 (tt) The Company and its subsidiaries: (i) are in compliance with the Communications
Laws and all applicable laws and regulations relating to the protection of human health and safety, the environment or hazardous or toxic substances or wastes, pollutants or contaminants (“Environmental Laws”), (ii) have received and
are in compliance with all permits, licenses or other approvals required of them under applicable Environmental Laws and Communications Laws and have made all required filings with and submitted required notices to, all governmental or regulatory
authorities (including, without limitation, the FCC) and self-regulatory organizations and all courts and other tribunals as are necessary to own, lease, license and operate their respective properties and to conduct their respective businesses, and
(iii) have not received notice of any actual or potential liability under any Environmental Law or Communications Law, or, if the Company or its subsidiaries have received notice of any actual or potential liability under any Environmental Law
or Communications Law, the Company and its license-holding subsidiaries have materially complied with the terms thereof, except, in each of the clauses above, where such non-compliance with Environmental Laws or Communications Laws, or failure to
obtain required permits, licenses or other approvals or to submit required filings or notices would not, individually or in the aggregate, have a Material Adverse Effect, and except as set forth in or contemplated in the Disclosure Package and the
Final Memorandum (exclusive of any amendment or supplement thereto). Except as set forth in the Disclosure Package and the Final Memorandum, neither the Company nor any of its subsidiaries has been named as a “potentially responsible
party” under the Comprehensive Environmental Response, Compensation, and Liability Act of 1980, as amended. 
 (uu) Except
as disclosed in the Disclosure Package and the Final Memorandum, (i) each material Authorization is valid and in full force and effect, with no conditions, restrictions or qualifications (other than those applicable generally to holders of
broadcast television and radio station licenses from the FCC) and the Company and its license-holding subsidiaries are in compliance in all material respects with all the respective terms and conditions thereof and with the rules and regulations of
the authorities and governing bodies having jurisdiction with respect thereto; and (ii) no event has occurred (including, without limitation, the receipt of any notice of proceedings or other notice from any authority or governing body) that
allows or, after notice or lapse of time or both, would allow or, if determined adversely to the Company or any of its subsidiaries, would result in, revocation, suspension or termination of any such Authorization or results or, after notice or
lapse of time or both, would result in any other impairment of the rights of the holder of any such Authorization. The Company and/or its subsidiaries are the holders of the Authorizations issued by the FCC for each of the domestic television
stations and radio stations identified as being owned by the Company and/or its subsidiaries in the Disclosure Package and the Final Memorandum and such stations represent all of the Stations owned by the Company and/or its subsidiaries. 

(vv) The minimum funding standard under Section 302 of the Employee Retirement Income Security Act of 1974, as amended, and the
regulations and published interpretations thereunder (“ERISA”), has been satisfied by each “pension plan” (as defined in Section 3(2) of ERISA) that has been established or maintained by the Company and/or one or more of its
subsidiaries, and the trust forming part of each such plan which is intended to be qualified under Section 401 of the Code is so qualified; each of the Company and its subsidiaries has fulfilled its obligations, if any, under Section 515
of ERISA; neither the Company nor any of its subsidiaries maintains or is required to contribute to a “welfare plan” (as defined in Section 3(1) 

 

 14 

 
of ERISA) that provides retiree or other post-employment welfare benefits or insurance coverage (other than “continuation coverage” (as defined in Section 602 of ERISA)); each
pension plan and welfare plan established or maintained by the Company and/or one or more of its subsidiaries is in compliance in all material respects with the currently applicable provisions of ERISA; and neither the Company nor any of its
subsidiaries has incurred or could reasonably be expected to incur any withdrawal liability under Section 4201 of ERISA, any liability under Section 4062, 4063 or 4064 of ERISA, or any other liability under Title IV of ERISA. 

(ww) The subsidiaries listed on Schedule VI attached hereto are the only “significant subsidiaries” of the Company (as defined
in Rule 1-02 of Regulation S-X). 
 (xx) The operations of the Company and its subsidiaries are and have been
conducted at all times in compliance with applicable financial recordkeeping and reporting requirements and the money laundering statutes and the rules and regulations thereunder and any related or similar rules, regulations or guidelines, issued,
administered or enforced by any governmental agency (collectively, the “Money Laundering Laws”) and no action, suit or proceeding by or before any court or governmental agency, authority or body or any arbitrator involving the Company or
any of its subsidiaries with respect to the Money Laundering Laws is pending or, to the best knowledge of the Company, threatened. 

(yy) None of the Company, any of its subsidiaries or, to the knowledge of the Company, any director, Named Executive Officer or Affiliate
of the Company or any of its subsidiaries is currently subject to any sanctions administered by the Office of Foreign Assets Control of the U.S. Department of the Treasury (“OFAC”); and the Company will not directly or indirectly use the
proceeds of the offering of the Securities hereunder, or lend, contribute or otherwise make available such proceeds to any subsidiary, joint venture partner or other person or entity, for the purpose of financing the activities of any person
currently subject to any U.S. sanctions administered by OFAC. 
 (zz) Neither the Company nor any of its subsidiaries (or any
agent thereof acting on their behalf) has taken, and none of them will take, any action that might cause this Agreement or the issuance or sale of the Securities to violate Regulation T, U or X of the Board of Governors of the Federal Reserve
System, as in effect, or as the same may hereafter be in effect, on the Closing Date. 
 (aaa) There is and has been no failure
on the part of the Company and any of the Company’s directors or officers, in their capacities as such, to comply with any provision of the Sarbanes-Oxley Act of 2002 and the rules and regulations promulgated in connection therewith (the
“Sarbanes-Oxley Act”), including Section 402 relating to loans and Sections 302 and 906 relating to certifications. 

(bbb) Neither the Company nor any of its subsidiaries nor, to the knowledge of the Company, any director, Named Executive Officer or
Affiliate of the Company or any of its subsidiaries is aware of or has taken any action, directly or indirectly, that would result in a violation by such persons of the Foreign Corrupt Practices Act of 1977, as amended, and the rules and regulations
thereunder (the “FCPA”), including, without limitation, making use of the mails or any means or instrumentality of interstate commerce corruptly in furtherance of an 

 

 15 

 
offer, payment, promise to pay or authorization of the payment of any money, or other property, gift, promise to give, or authorization of the giving of anything of value to any “foreign
official” (as such term is defined in the FCPA) or any foreign political party or official thereof or any candidate for foreign political office, in contravention of the FCPA; and the Company, its subsidiaries and, to the knowledge of the
Company, its Affiliates have conducted their businesses in compliance with the FCPA. 
 (ccc) Any certificate signed by any
officer of the Company or the Guarantors and delivered to the Representative or counsel for the Initial Purchasers in connection with the offering of the Securities shall be deemed a representation and warranty by the Company or the Guarantors, as
applicable, as to matters covered thereby, to each Initial Purchaser. 
 The Company and each Guarantor acknowledges that the
Initial Purchasers and, for purposes of the opinions to be delivered to the Initial Purchasers pursuant to Section 6 of this Agreement, counsel to the Company and the Guarantors and counsel to the Initial Purchasers will rely upon the accuracy
and truth of the foregoing representations, warranties and agreements and the Company and each Guarantor hereby consents to such reliance. 

2. Purchase and Sale. Subject to the terms and conditions and in reliance upon the representations and warranties herein set
forth, the Company agrees to sell to each Initial Purchaser, and each Initial Purchaser agrees, severally and not jointly, to purchase from the Company, at a purchase price of 97.003% of the principal amount thereof, plus accrued interest, if any,
from July 22, 2010 to the Closing Date, the principal amount of Securities set forth opposite such Initial Purchaser’s name in Schedule I hereto. 

3. Delivery and Payment. Delivery of and payment for the Securities shall be made at 10:00 A.M., New York City time, on
July 27, 2010, or at such time on such later date not more than three Business Days after the foregoing date as the Representative shall designate, which date and time may be postponed by agreement between the Representative and the Company or
as provided in Section 9 hereof (such date and time of delivery and payment for the Securities being herein called the “Closing Date”). Delivery of the Securities shall be made to the Representative for the respective accounts of the
several Initial Purchasers against payment by the several Initial Purchasers through the Representative of the purchase price thereof to or upon the order of the Company by wire transfer payable in same-day funds to the account specified by the
Company. Delivery of the Securities shall be made through the facilities of The Depository Trust Company unless the Representative shall otherwise instruct not less than three (3) Business Days before the Closing Date. 

4. Offering by Initial Purchasers. 

(a) Each Initial Purchaser acknowledges that the Securities have not been and will not be registered under the Act and may not be offered
or sold within the United States or to, or for the account or benefit of, U.S. persons as defined in Regulation S (“U.S. persons”), except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of
the Act. 
  

 16 

 (b) Each Initial Purchaser, severally and not jointly, represents and warrants to and agrees
with the Company that: 
 (i) it has not offered or sold, and will not offer or sell, any Securities within the
United States or to, or for the account or benefit of, U.S. persons (x) as part of their distribution at any time or (y) otherwise until 40 days after the later of the commencement of the offering and the Closing Date except: 

 

	 	(A)	to those it reasonably believes to be “qualified institutional buyers” (as defined in Rule 144A under the Act) or 

 

	 	(B)	in accordance with Rule 903 of Regulation S; 

(ii) neither it nor any person acting on its behalf has made or will make offers or sales of the Securities in the United
States by means of any form of general solicitation or general advertising (within the meaning of Regulation D) in the United States; 

(iii) in connection with each sale pursuant to Section 4(b)(i)(A), it has taken or will take reasonable steps to
ensure that the purchaser of such Securities is aware that such sale may be made in reliance on Rule 144A; 

(iv) neither it, nor any of its Affiliates nor any person acting on its or their behalf has engaged or will engage in any
directed selling efforts (within the meaning of Regulation S) with respect to the Securities; 
 (v) it is
an “accredited investor” (as defined in Rule 501(a) of Regulation D); 
 (vi) it has complied and will
comply with the offering restrictions requirement of Regulation S; 
 (vii) at or prior to the confirmation
of sale of Securities (other than a sale of Securities pursuant to Section 4(b)(i)(A) of this Agreement), it shall have sent to each distributor, dealer or person receiving a selling concession, fee or other remuneration that purchases
Securities from it during the distribution compliance period (within the meaning of Regulation S) a confirmation or notice to substantially the following effect: 

“The Securities covered hereby have not been registered under the U.S. Securities Act of 1933 (the “Act”) and may not be
offered or sold within the United States or to, or for the account or benefit of, U.S. persons (i) as part of their distribution at any time or (ii) otherwise until 40 days after the later of the commencement of the offering and the date
of closing of the offering, except in either case in accordance with Regulation S or Rule 144A under the Act. Terms used in this paragraph have the meanings given to them by Regulation S.” 

 

 17 

 5. Agreements. The Company agrees with each Initial Purchaser that: 

(a) The Company will furnish to each Initial Purchaser and to counsel for the Initial Purchasers, without charge, during the period
referred to in Section 5(c) below, as many copies of the materials contained in the Disclosure Package and the Final Memorandum and any amendments and supplements thereto as they may reasonably request. 

(b) The Company will prepare a final term sheet, containing solely a description of final terms of the Securities and the offering
thereof, in the form approved by you and attached as Schedule II hereto. 
 (c) The Company will not amend or supplement the
Disclosure Package or the Final Memorandum other than by filing documents under the Exchange Act that are incorporated by reference therein, without the prior written consent of the Representative (which consent shall not be unreasonably withheld,
delayed or conditional); provided, however, that prior to the completion of the distribution of the Securities by the Initial Purchasers (as defined by the Initial Purchasers), the Company will not file any document under the Exchange
Act that is incorporated by reference in the Disclosure Package or the Final Memorandum unless, prior to such proposed filing, the Company has furnished the Representative with a copy of such document for their review and has consulted with the
Representative and with counsel for the Initial Purchasers regarding the content of such document. The Company will promptly advise the Representative when any document filed under the Exchange Act that is incorporated by reference in the Disclosure
Package or the Final Memorandum shall have been filed with the Commission. 
 (d) If at any time prior to the completion of the
sale of the Securities by the Initial Purchasers (as determined by the Representative), any event occurs as a result of which the Disclosure Package or the Final Memorandum, as then amended or supplemented, would include any untrue statement of a
material fact or omit to state any material fact necessary to make the statements therein, in the light of the circumstances under which they were made or the circumstances then prevailing, not misleading, or if it should be necessary to amend or
supplement the Disclosure Package or the Final Memorandum to comply with applicable law, the Company will promptly (i) notify the Representative of any such event; (ii) subject to the requirements of Section 5(c), prepare an amendment
or supplement that will correct such statement or omission or effect such compliance; and (iii) supply any supplemented or amended Disclosure Package or Final Memorandum to the several Initial Purchasers and counsel for the Initial Purchasers
without charge in such quantities as they may reasonably request. 
 (e) Without the prior written consent of the
Representative, the Company has not given and will not give to any prospective purchaser of the Securities any written information concerning the offering of the Securities other than materials contained in the Disclosure Package, the Final
Memorandum or any other offering materials prepared by or with the prior written consent of the Representative. 
 (f) The
Company will arrange, if necessary, for the qualification of the Securities for sale by the Initial Purchasers under the laws of such jurisdictions as the Representative may designate (including Japan and certain provinces of Canada) and will

  

 18 

 
maintain such qualifications in effect so long as required for the sale of the Securities; provided that in no event shall the Company be obligated to qualify to do business in any
jurisdiction where it is not now so qualified or to take any action that would subject it to service of process in suits, other than those arising out of the offering or sale of the Securities, in any jurisdiction where it is not now so subject. The
Company will promptly advise the Representative of the receipt by the Company of any notification with respect to the suspension of the qualification of the Securities for sale in any jurisdiction or the initiation or threatening of any proceeding
for such purpose. 
 (g) The Company will not, and will not permit any of its Affiliates to, resell any Securities that have
been acquired by any of them. 
 (h) None of the Company, its Affiliates, or any person acting on its or their behalf will,
directly or indirectly, make offers or sales of any security, or solicit offers to buy any security, under circumstances that would require the registration of the Securities under the Act, it being understood that the Company makes no agreement in
this paragraph (h) regarding the conduct of the Initial Purchasers. 
 (i) None of the Company, its Affiliates, or any
person acting on its or their behalf will engage in any directed selling efforts (within the meaning of Regulation S) with respect to the Securities; and each of them will comply with the offering restrictions requirement of Regulation S (it being
understood that the Company makes no agreement in this paragraph (i) regarding the conduct of the Initial Purchasers). 

(j) None of the Company, its Affiliates, or any person acting on its or their behalf will engage in any form of general solicitation or
general advertising (within the meaning of Regulation D) in connection with any offer or sale of the Securities in the United States, it being understood that the Company makes no agreement in this paragraph (j) regarding the conduct of
the Initial Purchasers. 
 (k) For so long as any of the Securities are outstanding and are “restricted securities”
within the meaning of Rule 144(a)(3) under the Act, the Company, during any period in which it is not subject to and in compliance with Section 13 or 15(d) of the Exchange Act or it is not exempt from such reporting requirements pursuant to and
in compliance with Rule 12g3-2(b) under the Exchange Act, will provide to each holder of such restricted securities and to each prospective purchaser (as designated by such holder) of such restricted securities, upon the request of such holder or
prospective purchaser, any information required to be provided by Rule 144A(d)(4) under the Act. This covenant is intended to be for the benefit of the holders, and the prospective purchasers designated by such holders, from time to time of such
restricted securities. 
 (l) The Company will cooperate with the Representative and use its reasonable best efforts to permit
the Securities to be eligible for clearance and settlement through The Depository Trust Company. 
  

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 (m) Each of the Securities will bear, to the extent applicable, the legend contained in
“Notice to Investors” in the Preliminary Memorandum and the Final Memorandum for the time period and upon the other terms stated therein. 

(n) The Company will not for a period of 90 days following the Execution Time, without the prior written consent of the Representative
offer, sell, contract to sell, pledge, otherwise dispose of, or enter into any transaction which is designed to, or might reasonably be expected to, result in the disposition (whether by actual disposition or effective economic disposition due to
cash settlement or otherwise) by the Company or any Affiliate of the Company or any person in privity with the Company or any Affiliate of the Company), directly or indirectly, or announce the offering, of any debt securities issued or guaranteed by
the Company (other than the Securities). 
 (o) The Company will not take, directly or indirectly, any action designed to, or
that has constituted or that might reasonably be expected to, cause or result, under the Exchange Act or otherwise, in stabilization or manipulation of the price of any security of the Company to facilitate the sale or resale of the Securities.

 (p) The Company will, for a period of twelve months following the Execution Time, furnish to the Representative (i) all
reports or other communications (financial or other) generally made available to its shareholders, and deliver such reports and communications to the Representative as soon as they are available, unless such documents are furnished to or filed with
the Commission or any securities exchange on which any class of securities of the Company is listed and generally made available to the public and (ii) such additional information concerning the business and financial condition of the Company
as the Representative may from time to time reasonably request (such statements to be on a consolidated basis to the extent the accounts of the Company and its subsidiaries are consolidated in reports furnished to its shareholders). 

(q) The Company will comply with all applicable securities and other laws, rules and regulations, including, without limitation, the
Sarbanes-Oxley Act, and use its best efforts to cause the Company’s directors and officers, in their capacities as such, to comply with such laws, rules and regulations. 

(r) The Company agrees to pay the costs and expenses relating to the following matters: (i) the preparation of the Indenture, and
the Registration Rights Agreement and the issuance of the Securities and the Exchange Securities and the fees of the Trustee; (ii) the preparation, printing or reproduction of the materials contained in the Disclosure Package and the Final
Memorandum and each amendment or supplement to either of them; (iii) the printing (or reproduction) and delivery (including postage, air freight charges and charges for counting and packaging) of such copies of the materials contained in the
Disclosure Package and the Final Memorandum, and all amendments or supplements to either of them, as may, in each case, be reasonably requested for use in connection with the offering and sale of the Securities and the Exchange Securities;
(iv) the preparation, printing, authentication, issuance and delivery of the Securities and the Exchange Securities; (v) any stamp or transfer taxes in connection with the original issuance and sale of the Securities and the Exchange
Securities; (vi) the printing (or reproduction) and delivery of this Agreement, any blue sky memorandum and all other agreements or documents printed (or reproduced) and delivered in connection with the offering

  

 20 

 
of the Securities and the Exchange Securities; (vii) any registration or qualification of the Securities and the Exchange Securities for offer and sale under the securities or blue sky laws
of the several states, Japan, the provinces of Canada and any other jurisdictions specified pursuant to Section 5(f) (including filing fees and the reasonable fees and expenses of counsel for the Initial Purchasers relating to such registration
and qualification); (viii) the transportation and other expenses incurred by or on behalf of Company representatives and the Initial Purchasers in connection with presentations to prospective purchasers of the Securities and the Exchange
Securities; (ix) any fees charged by securities rating services for rating the Securities and the Exchange Securities; (x) the fees and expenses of the Company’s accountants and the fees and expenses of counsel (including local and
special counsel) for the Company and the Guarantors; (xi) the fees and expenses of the Trustee, the Collateral Trustee and the Escrow Agent, including the fees and disbursements of counsel for each in connection with the Indenture, the
Securities, the Exchange Securities, the Security Documents, the Pledge Agreement and the Intercreditor Agreement; (xii) all fees, costs and expenses (including reasonable fees and expenses of counsel) incurred by the Company, the Guarantors or
the Initial Purchasers in connection with the preparation of any intercreditor agreement and any security documents relating to the Collateral and any other documentation related to the foregoing, the perfection of the security interests in such
Collateral and any and all title insurance premiums, recording costs and taxes, filing fees and local counsel’s fees incurred in connection with such Collateral; (xiii) any filing fees incident to, and any reasonable fees and disbursements
of counsel to the Initial Purchasers in connection with the review by the Financial Industry Regulatory Authority, Inc., if any, of the terms of the sale of the Securities or the Exchange Securities and (xiv) all other costs and expenses
incident to the performance by the Company of its obligations hereunder. 
 6. Conditions to the Obligations of the Initial
Purchasers. The obligations of the Initial Purchasers to purchase the Securities shall be subject to the accuracy of the representations and warranties of the Company and the Guarantors contained herein at the Execution Time and the Closing
Date, to the accuracy of the statements of the Company and the Guarantors made in any certificates pursuant to the provisions hereof, to the performance by the Company and the Guarantors of their obligations hereunder and to the following additional
conditions: 
 (a) The Company shall have requested and caused (i) Foley & Lardner LLP, counsel for the Company
and the Guarantors, to furnish to the Initial Purchasers its opinion, dated the Closing Date and addressed to the Initial Purchasers, substantially in the form of Exhibit A hereto, subject to customary qualifications, assumptions and exceptions; and
(ii) Thompson Hine LLP, FCC counsel for the Company, to furnish to the Initial Purchasers its opinion, dated the Closing Date and addressed to the Initial Purchasers, substantially in the form of Exhibit B hereto, subject to customary
qualifications, assumptions and exceptions. 
 In rendering such opinions, such counsels may rely (A) as to matters
involving the application of laws of any jurisdiction other than the jurisdiction of incorporation of the Company, the State of New York, the State of California or the federal laws of the United States, to the extent they deem proper and specified
in such opinion, upon the opinion of other counsel of good standing whom they believe to be reliable and who are satisfactory to counsel for the Initial Purchasers and (B) as to matters of fact, to the extent they deem proper, on certificates
of responsible officers of the Company and the Guarantors and public officials. References to the Disclosure Package, the Preliminary Memorandum and the Final Memorandum in this Section 6(a) include any amendment or supplement thereto at the
Closing Date. 
  

 21 

 (b) The Initial Purchasers shall have received from Shearman & Sterling LLP,
counsel for the Initial Purchasers, such opinion or opinions, dated the Closing Date and addressed to the Initial Purchasers, with respect to the issuance and sale of the Securities, the Indenture, the Registration Rights Agreement, the Disclosure
Package, the Final Memorandum (as amended or supplemented at the Closing Date) and other related matters as the Initial Purchasers may reasonably require, and the Company and the Guarantors shall have furnished to such counsel such documents as they
request for the purpose of enabling them to pass upon such matters. 
 (c) The Company and each Guarantor shall have furnished
to the Initial Purchasers a certificate of the Company and each Guarantor satisfactory to the Initial Purchasers, signed by (x) the Chairman of the Board or the Chief Executive Officer and (y) the Chief Financial Officer of the Company and
each Guarantor, dated the Closing Date, to the effect that the signers of such certificate have carefully examined the Disclosure Package and the Final Memorandum, any supplements or amendments thereto, and this Agreement and that: 

(i) the representations and warranties of the Company and each of the Guarantors in this Agreement are true and correct on
and as of the Closing Date with the same effect as if made on the Closing Date, and the Company and each of the Guarantors have complied with all the agreements and satisfied all the conditions on their part to be performed or satisfied hereunder at
or prior to the Closing Date; and 
 (ii) since the date of the most recent financial statements included or
incorporated by reference in the Disclosure Package and the Final Memorandum (exclusive of any amendment or supplement thereto), there has been no Material Adverse Effect, except as set forth in or contemplated in the Disclosure Package and the
Final Memorandum (exclusive of any amendment or supplement thereto). 
 (d) At the Execution Time and on the Closing Date,
McGladrey & Pullen, LLP and PricewaterhouseCoopers LLP shall have furnished to the Initial Purchasers, at the request of the Company, letters, dated respectively as of the Execution Time and as of the Closing Date and addressed to the
Initial Purchasers, in form and substance reasonably satisfactory to the Representative, containing statements and information of the type customarily included in accountants’ “comfort letters” to underwriters with respect to the
financial statements and certain financial information of the Company and its consolidated subsidiaries contained or incorporated by reference in the Disclosure Package and the Final Memorandum, provided that the letter delivered on the
Closing Date shall use a “cut-off” date no more than three Business Days prior to such Closing Date. 
 (e) Subsequent
to the Execution Time or, if earlier, the dates as of which information is given in the Disclosure Package (exclusive of any amendment or supplement thereto) and the Final Memorandum (exclusive of any amendment or supplement thereto), there shall
not have been (i) any material change or decrease specified in the letter or letters referred to 
  

 22 

 
in paragraph (d) of this Section 6; or (ii) any Material Adverse Effect relating to the Company and its subsidiaries, except as set forth in or contemplated in the Disclosure
Package and the Final Memorandum (exclusive of any amendment or supplement thereto), the effect of which, in any case referred to in clause (i) or (ii) above, is, in the sole judgment of the Representative, so material and adverse as to
make it impractical or inadvisable to proceed with the offering or delivery of the Securities as contemplated in the Disclosure Package and the Final Memorandum (exclusive of any amendment or supplement thereto). 

(f) The Securities shall be eligible for clearance and settlement through The Depository Trust Company. 

(g) Subsequent to the Execution Time, there shall not have been any decrease in the rating of any of the Company’s debt securities
by any “nationally recognized statistical rating organization” (as defined for purposes of Rule 436(g) under the Act) or any notice given of any intended or potential decrease in any such rating or of a possible change in any such
rating that does not indicate the direction of the possible change. 
 (h) Prior to the Closing Date, the Company and the
Guarantors shall have furnished to the Representatives such further information, certificates and documents as the Representative may reasonably request. 

(i) On or before the Closing Date, the New Credit Facility shall have been executed and delivered by the parties thereto, the closing
conditions to each agreement thereunder shall have been satisfied and each such agreement shall have been consummated. To the extent reasonably requested, the Initial Purchasers shall have received copies of all material documents and agreements
entered into and received in connection with the entering into of the New Credit Facility and the application of proceeds therefrom together with the proceeds of the offering of the Securities to repay in full all outstanding amounts under the
Company’s existing senior credit facility, including documents evidencing termination of any liens or security interests in favor of the lenders under the Company’s existing senior credit facility. 

(j) At the Closing date, the Security Documents, in the form and substance reasonably satisfactory to the Initial Purchasers,
shall have been duly executed and delivered by the Company and the Guarantors (to the extent each is a party thereto), will conform to the descriptions thereof contained in the Disclosure Package and the Final Memorandum and are effective to
create in favor of the Collateral Trustee a legal, valid and enforceable first priority security interest in all right, title and interest of the Company and the Guarantors in the Collateral, subject to Permitted Liens (as such term is defined in
the Disclosure Package and the Final Memorandum); provided that deposit account control agreements and other Security Documents might be executed and delivered after the Closing Date, if the Collateral Trustee so agrees. 

(k) The Company and the Guarantors shall have executed and delivered the Registration Rights Agreement, in form and substance reasonably
satisfactory to the Initial Purchasers, and the Initial Purchasers shall have received executed counterparts thereof. 
  

 23 

 (l) The Company, the Guarantors and the Trustee shall have executed and delivered the
Indenture, in form and substance reasonably satisfactory to the Initial Purchasers, and the Initial Purchasers shall have received an executed copy thereof. 

(m) The Representative shall have obtained evidence and assurance satisfactory to it that, except as otherwise permitted under the
Security Documents or the Indenture, concurrently with the issuance of the Securities and the application of the proceeds thereof, the Collateral Trustee shall have a valid and perfected first-priority security interest in all right, title and
interest of the Company and the Guarantors in and to the Collateral described in the Security Documents to the extent liens on such Collateral can be perfected by the filing of financing statements, possession or filings with the United States
Patent and Trademark Office or the United States Copyright Office. 
 If any of the conditions specified in this Section 6
shall not have been fulfilled when and as provided in this Agreement, or if any of the opinions and certificates mentioned above or elsewhere in this Agreement shall not be reasonably satisfactory in form and substance to the Representative and
counsel for the Initial Purchasers, this Agreement and all obligations of the Initial Purchasers hereunder may be cancelled at, or at any time prior to, the Closing Date by the Representative. Notice of such cancellation shall be given to the
Company in writing or by telephone or facsimile confirmed in writing. 
 The documents required to be delivered by this
Section 6 will be delivered at the office of counsel for the Initial Purchasers, at 599 Lexington Avenue, New York, NY 10022, on the Closing Date. 

7. Reimbursement of Expenses. If the sale of the Securities provided for herein is not consummated because any condition to the
obligations of the Initial Purchasers set forth in Section 6 hereof is not satisfied, because of any termination pursuant to Section 10 hereof or because of any refusal, inability or failure on the part of the Company or any Guarantor to
perform any agreement herein or comply with any provision hereof other than by reason of a default by any of the Initial Purchasers, the Company will reimburse the Initial Purchasers severally through the Representative on demand for all expenses
(including reasonable fees and disbursements of counsel) that shall have been incurred by them in connection with the proposed purchase and sale of the Securities. 

8. Indemnification and Contribution. 

(a) Each of the Company and each Guarantor, jointly and severally, agrees to indemnify and hold harmless each Initial Purchaser, the
directors, officers, employees, Affiliates and agents of each Initial Purchaser and each person who controls any Initial Purchaser within the meaning of either the Act or the Exchange Act against any and all losses, claims, damages or liabilities,
joint or several, to which they or any of them may become subject under the Act, the Exchange Act or other U.S. federal or state statutory law or regulation, at common law or otherwise, insofar as such losses, claims, damages or liabilities or
actions in respect thereof arise out of or are based upon any untrue statement or alleged untrue statement of a material fact contained in the Preliminary Memorandum, the Final Memorandum, any Issuer Written Information or any other written
information used by or on behalf of the Company or any 
  

 24 

 
Guarantor in connection with the offer or sale of the Securities, or in any amendment or supplement thereto, or arise out of or are based upon the omission or alleged omission to state therein a
material fact required to be stated therein or necessary to make the statements therein, in the light of the circumstances under which they were made, not misleading, and agrees to reimburse each such indemnified party, as incurred, for any legal or
other expenses reasonably incurred by it in connection with investigating or defending any such loss, claim, damage, liability or action; provided, however, that neither the Company nor any Guarantor will be liable in any such case to
the extent that any such loss, claim, damage or liability arises out of or is based upon any such untrue statement or alleged untrue statement or omission or alleged omission made in the Preliminary Memorandum or the Final Memorandum, Issuer Written
Information or any other written information referred to above, or in any amendment thereof or supplement thereto, in reliance upon and in conformity with written information furnished to the Company or any Guarantor by or on behalf of any Initial
Purchaser through the Representative specifically for inclusion therein. This indemnity agreement will be in addition to any liability that the Company or any Guarantor may otherwise have. 

(b) Each Initial Purchaser severally, and not jointly, agrees to indemnify and hold harmless the Company, each Guarantor, each of its
directors, each of its officers, and each person who controls the Company or any Guarantor within the meaning of either the Act or the Exchange Act, to the same extent as the foregoing indemnity to each Initial Purchaser, but only with reference to
written information relating to such Initial Purchaser furnished to the Company or any Guarantor by or on behalf of such Initial Purchaser through the Representative specifically for inclusion in the Preliminary Memorandum or the Final Memorandum
(or in any amendment or supplement thereto), Issuer Written Information or any other written information referred to in Section 8(a). This indemnity agreement will be in addition to any liability that any Initial Purchaser may otherwise have.
The Company and each Guarantor acknowledge that (i) the statements set forth in the last paragraph of the cover page (regarding delivery of the Securities) and (ii) under the heading “Plan of Distribution,” the 8th paragraph
(related to stabilization, syndicate covering transactions and penalty bids) in the Preliminary Memorandum and the Final Memorandum constitute the only information furnished in writing by or on behalf of the Initial Purchasers for inclusion in the
Preliminary Memorandum or the Final Memorandum or in any amendment or supplement thereto. 
 (c) Promptly after receipt by an
indemnified party under this Section 8 of notice of the commencement of any action, such indemnified party will, if a claim in respect thereof is to be made against the indemnifying party under this Section 8, notify the indemnifying party
in writing of the commencement thereof; but the failure so to notify the indemnifying party (i) will not relieve it from liability under paragraph (a) or (b) above unless and to the extent it did not otherwise learn of such action and
such failure results in the material prejudice to the indemnifying party and (ii) will not, in any event, relieve the indemnifying party from any obligations to any indemnified party other than the indemnification obligation provided in
paragraph (a) or (b) above. The indemnifying party shall be entitled to appoint counsel (including local counsel) of the indemnifying party’s choice at the indemnifying party’s expense to represent the indemnified party in any
action for which indemnification is sought (in which case the indemnifying party shall not thereafter be responsible for the fees and expenses of any separate counsel, other than local counsel if not appointed by the indemnifying party, retained by
the indemnified party or parties except as set forth below); provided, however, that such counsel 
  

 25 

 
shall be reasonably satisfactory to the indemnified party. Notwithstanding the indemnifying party’s election to appoint counsel (including local counsel) to represent the indemnified party
in an action, the indemnified party shall have the right to employ separate counsel (including local counsel), and the indemnifying party shall bear the reasonable fees, costs and expenses of such separate counsel if (i) the use of counsel
chosen by the indemnifying party to represent the indemnified party would present such counsel with a conflict of interest; (ii) the actual or potential defendants in, or targets of, any such action include both the indemnified party and the
indemnifying party and the indemnified party shall have reasonably concluded that there may be legal defenses available to it and/or other indemnified parties that are different from or additional to those available to the indemnifying party;
(iii) the indemnifying party shall not have employed counsel satisfactory to the indemnified party to represent the indemnified party within a reasonable time after notice of the institution of such action; or (iv) the indemnifying party
shall authorize the indemnified party to employ separate counsel at the expense of the indemnifying party. An indemnifying party will not, without the prior written consent of the indemnified parties, settle or compromise or consent to the entry of
any judgment with respect to any pending or threatened claim, action, suit or proceeding in respect of which indemnification or contribution may be sought hereunder (whether or not the indemnified parties are actual or potential parties to such
claim or action) unless such settlement, compromise or consent includes an unconditional release of each indemnified party from all liability arising out of such claim, action, suit or proceeding. 

(d) In the event that the indemnity provided in paragraph (a) or (b) of this Section 8 is unavailable to or insufficient
to hold harmless an indemnified party for any reason, the Company and the Guarantors, on the one hand, and the Initial Purchasers, on the other, severally agree to contribute to the aggregate losses, claims, damages and liabilities (including legal
or other expenses reasonably incurred in connection with investigating or defending any loss, claim, damage, liability or action) (collectively “Losses”) to which the Company and the Guarantors, on the one hand, and one or more of the
Initial Purchasers, on the other, severally, may be subject in such proportion as is appropriate to reflect the relative benefits received by the Company and the Guarantors, on the one hand, and by the Initial Purchasers, on the other, from the
offering of the Securities; provided, however, that in no case shall any Initial Purchaser be responsible for any amount in excess of the purchase discount or commission applicable to the Securities purchased by such Initial Purchaser
hereunder. If the allocation provided by the immediately preceding sentence is unavailable for any reason, the Company and the Guarantors, on the one hand, and the Initial Purchasers, on the other, severally shall contribute in such proportion as is
appropriate to reflect not only such relative benefits but also the relative fault of the Company and the Guarantors, on the one hand, and the Initial Purchasers, on the other, in connection with the statements or omissions that resulted in such
Losses, as well as any other relevant equitable considerations. Benefits received by the Company and the Guarantors shall be deemed to be equal to the total net proceeds from the offering (before deducting expenses) received by it, and benefits
received by the Initial Purchasers shall be deemed to be equal to the total purchase discounts and commissions. Relative fault shall be determined by reference to, among other things, whether any untrue or alleged untrue statement of a material fact
or the omission or alleged omission to state a material fact relates to information provided by the Company or the Guarantors, on the one hand, or the Initial Purchasers, on the other, the intent of the parties and their relative knowledge, access
to information and opportunity to correct or prevent such untrue statement or omission. The Company, the Guarantors and the Initial 

 

 26 

 
Purchasers agree that it would not be just and equitable if contribution were determined by pro rata allocation or any other method of allocation that does not take account of the equitable
considerations referred to above. Notwithstanding the provisions of this paragraph (d), no person guilty of fraudulent misrepresentation (within the meaning of Section 11(f) of the Act) shall be entitled to contribution from any person who
was not guilty of such fraudulent misrepresentation. For purposes of this Section 8, each person who controls an Initial Purchaser within the meaning of either the Act or the Exchange Act and each director, officer, employee, Affiliate and
agent of an Initial Purchaser shall have the same rights to contribution as such Initial Purchaser, and each person who controls the Company or any Guarantor within the meaning of either the Act or the Exchange Act and each officer and director of
the Company or any Guarantors shall have the same rights to contribution as the Company and such Guarantor, subject in each case to the applicable terms and conditions of this paragraph (d). The Initial Purchasers’ respective obligations
to contribute pursuant to this Section 8 are several in proportion to the respective principal amounts of Securities they have purchased hereunder, and not joint. 

9. Default by an Initial Purchaser. If any one or more Initial Purchasers shall fail to purchase and pay for any of the Securities
agreed to be purchased by such Initial Purchaser hereunder and such failure to purchase shall constitute a default in the performance of its or their obligations under this Agreement, the remaining Initial Purchasers shall be obligated severally to
take up and pay for (in the respective proportions which the principal amount of Securities set forth opposite their names in Schedule I hereto bears to the aggregate principal amount of Securities set forth opposite the names of all the
remaining Initial Purchasers) the Securities that the defaulting Initial Purchaser or Initial Purchasers agreed but failed to purchase; provided, however, that in the event that the aggregate principal amount of Securities that the
defaulting Initial Purchaser or Initial Purchasers agreed but failed to purchase shall exceed 10% of the aggregate principal amount of Securities set forth in Schedule I hereto, the remaining Initial Purchasers shall have the right to purchase
all, but shall not be under any obligation to purchase any, of the Securities, and if such nondefaulting Initial Purchasers do not purchase all the Securities, then this Agreement will terminate without liability to any nondefaulting Initial
Purchaser or the Company. In the event of a default by any Initial Purchaser as set forth in this Section 9, the Closing Date shall be postponed for such period, not exceeding five Business Days, as the Representative shall determine in order
that the required changes in the Final Memorandum or in any other documents or arrangements may be effected. Nothing contained in this Agreement shall relieve any defaulting Initial Purchaser of its liability, if any, to the Company or any
nondefaulting Initial Purchaser for damages occasioned by its default hereunder. 
 10. Termination. This Agreement shall
be subject to termination in the absolute discretion of the Representative, by notice given to the Company prior to delivery of and payment for the Securities, if at any time prior to payment (i) trading in securities generally on the New York
Stock Exchange shall have been suspended or limited or minimum prices shall have been established on such exchange; (ii) a banking moratorium shall have been declared either by U.S. federal or New York State authorities; or (iii) there
shall have occurred any outbreak or escalation of hostilities, declaration by the United States of a national emergency or war or other calamity or crisis the effect of which on financial markets is such as to make it, in the reasonable judgment of
the Representative, impractical or inadvisable to proceed with the offering or delivery of the Securities as contemplated in the Disclosure Package and the Final Memorandum (exclusive of any amendment or supplement thereto). 

 

 27 

 11. Representations and Indemnities to Survive. The respective agreements,
representations, warranties, indemnities and other statements of the Company and the Guarantors or their respective officers and of the Initial Purchasers set forth in or made pursuant to this Agreement will remain in full force and effect,
regardless of any investigation made by or on behalf of the Initial Purchasers or the Company or any Guarantor or their respective officers or any of the indemnified persons referred to in Section 8 hereof, and will survive delivery of and
payment for the Securities. The provisions of Sections 7 and 8 hereof shall survive the termination or cancellation of this Agreement. 

12. Notices. All communications hereunder will be in writing and effective only on receipt, and, if sent to the Representative,
will be mailed, delivered or telefaxed and confirmed to them, to Citigroup General Counsel (fax no.: (212) 816-7912) and confirmed to Citigroup at 388 Greenwich Street, New York, New York 10013, Attention: General Counsel; or, if sent to the
Company, will be mailed, delivered or telefaxed to Entravision Communications Corporation Chairman and Chief Executive Officer (fax no.: (310) 449-1306) and confirmed to Entravision Communications Corporation at 2425 Olympic Boulevard, Suite
6000 West, Santa Monica, CA 90404, Attention: Chairman and Chief Executive Officer, with a copy to Entravision Communications Corporation at 2425 Olympic Boulevard, Suite 6000 West, Santa Monica, CA 90404, Attention: General Counsel. 

13. Successors. This Agreement will inure to the benefit of and be binding upon the parties hereto and their respective successors
and the indemnified persons referred to in Section 8 hereof and their respective successors, and, except as expressly set forth in Section 5(j) hereof, no other person will have any right or obligation hereunder. 

14. Integration. This Agreement supersedes all prior agreements and understandings (whether written or oral) between the Company,
the Guarantors and the Initial Purchasers, or any of them, with respect to the subject matter hereof. 
 15. Applicable
Law. This Agreement will be governed by and construed in accordance with the laws of the State of New York applicable to contracts made and to be performed within the State of New York. 

16. Waiver of Jury Trial. The Company and each Guarantor hereby irrevocably waives, to the fullest extent permitted by applicable
law, any and all right to trial by jury in any legal proceeding arising out of or relating to this Agreement or the transactions contemplated hereby. 

17. No Fiduciary Duty. Each of the Company and each Guarantor hereby acknowledges that (a) the purchase and sale of the
Securities pursuant to this Agreement is an arm’s-length commercial transaction between the Company and the Guarantors, on the one hand, and the Initial Purchasers and any Affiliate through which it may be acting, on the other, (b) the
Initial Purchasers are acting as principal and not as an agent or fiduciary of the Company or any Guarantor and (c) the Company’s engagement of the Initial Purchasers in connection with the

  

 28 

 
offering and the process leading up to the offering is as independent contractors and not in any other capacity. Furthermore, the Company and each Guarantor agree that they are solely responsible
for making their own judgments in connection with the offering (irrespective of whether any of the Initial Purchasers has advised or is currently advising the Company or any Guarantor on related or other matters). Each of the Company and each
Guarantor agree that they will not claim that the Initial Purchasers have rendered advisory services of any nature or respect, or owe an agency, fiduciary or similar duty to the Company or any Guarantor, in connection with such transaction or the
process leading thereto. 
 18. Waiver of Tax Confidentiality. Notwithstanding anything herein to the contrary,
purchasers of the Securities (and each employee, representative or other agent of a purchaser) may disclose to any and all persons, without limitation of any kind, the U.S. tax treatment and U.S. tax structure of any transaction contemplated herein
and all materials of any kind (including opinions or other tax analyses) that are provided to the purchasers of the Securities relating to such U.S. tax treatment and U.S tax structure, other than any information for which nondisclosure is
reasonably necessary in order to comply with applicable securities laws. 
 19. Counterparts. This Agreement may be
signed in one or more counterparts, each of which shall constitute an original and all of which together shall constitute one and the same agreement. 

20. Headings. The section headings used herein are for convenience only and shall not affect the construction hereof. 

21. Definitions. The terms that follow, when used in this Agreement, shall have the meanings indicated. 

“Affiliate” shall have the meaning specified in Rule 501(b) of Regulation D. 

“Business Day” shall mean any day other than a Saturday, a Sunday or a legal holiday or a day on which banking institutions or
trust companies are authorized or obligated by law to close in The City of New York. 
 “Code” shall mean the Internal
Revenue Code of 1986, as amended. 
 “Commission” shall mean the Securities and Exchange Commission. 

“Disclosure Package” shall mean (i) the Preliminary Memorandum, as amended or supplemented at the Execution Time,
(ii) the final term sheet prepared pursuant to Section 5(b) hereto and in the form attached as Schedule II hereto and (iii) any Issuer Written Information. 

“Exchange Act” shall mean the Securities Exchange Act of 1934, as amended, and the rules and regulations of the Commission
promulgated thereunder. 
 “Execution Time” shall mean the date and time that this Agreement is executed and delivered
by the parties hereto. 
  

 29 

 “Investment Company Act” shall mean the Investment Company Act of 1940, as
amended, and the rules and regulations of the Commission promulgated thereunder. 
 “Issuer Written Information” shall
mean any writings in addition to the Preliminary Memorandum that the parties expressly agree in writing to treat as part of the Disclosure Package. 

“Material Adverse Effect” shall mean a material adverse effect on the condition (financial or otherwise), prospects, earnings,
business or properties of the Company or its subsidiaries, taken as a whole, whether or not arising from transactions in the ordinary course of business. 

“Named Executive Officer” shall mean each of Walter F. Ulloa, Philip C. Wilkinson, Christopher T. Young, Jeffrey A. Liberman
and John F. DeLorenzo. 
 “Regulation D” shall mean Regulation D under the Act. 

“Regulation S” shall mean Regulation S under the Act. 

“Regulation S-X” shall mean Regulation S-X under the Act. 

“Rule 144A” shall mean Rule 144A under the Act. 

“Trust Indenture Act” shall mean the Trust Indenture Act of 1939, as amended, and the rules and regulations of the Commission
promulgated thereunder. 
  

 30 

 If the foregoing is in accordance with your understanding of our agreement, please sign and
return to us the enclosed duplicate hereof, whereupon this letter and your acceptance shall represent a binding agreement among the Company, the Guarantors and the several Initial Purchasers. 

 

					
	Very truly yours,
	
	Entravision Communications Corporation
		
	By:	 	 /s/ Walter F. Ulloa

		 	Name:	 	Walter F. Ulloa
		 	Title:	 	Chairman and CEO
	
	Arizona Radio, Inc.
	
	Aspen FM, Inc.
	
	Channel Fifty-Seven, Inc.
	
	Diamond Radio, Inc.
	
	Entravision San Diego, Inc.
	
	Entravision-Texas L.P., Inc.
	
	Latin Communications Group Inc.
	
	Los Cerezos Television Company
	
	 The Community Broadcasting Company of
San Diego, Incorporated

	
	Vista Television, Inc.
	
	Z-Spanish Media Corporation
	
	in each case,
		
	By:	 	 /s/ Walter F. Ulloa

		 	Name:	 	Walter F. Ulloa
		 	Title:	 	Director
		
	By:	 	 /s/ Philip C. Wilkinson

		 	Name:	 	Philip C. Wilkinson
		 	Title:	 	Director
	
	of each of the Initial Guarantors set forth above

					
	Entravision-Texas Limited Partnership
		
	By:	  	Entravision-Texas G.P., LLC
	Its:	  	General Partner
		  	By:	 	Entravision-Texas L.P., Inc.
		  	Its:	 	Sole Member
		
	By:	  	 /s/ Walter F. Ulloa

		  	Name:	 	Walter F. Ulloa
		  	Title:	 	Chairman and CEO
	
	Entravision-Texas G.P., LLC
		
	By:	  	Entravision-Texas L.P., Inc.
	Its:	  	Sole Member
		
	By:	  	 /s/ Walter F. Ulloa

		  	Name:	 	Walter F. Ulloa
		  	Title:	 	Chairman and CEO
	
	Entravision Communications Company, L.L.C.
		
	By:	  	Entravision Communications Corporation
	Its:	  	Managing Member
		
	    By:	  	 /s/ Walter F. Ulloa

		  	Name:	 	Walter F. Ulloa
		  	Title:	 	Chairman and CEO

							
	Entravision Holdings, LLC
		
	By:	  	Entravision Communications Corporation
	Its:	  	Sole Member
		
	    By:	  	 /s/ Walter F. Ulloa

		  	Name:	  	Walter F. Ulloa
		  	Title:	  	Chairman and CEO
	
	Entravision, L.L.C.
		
	By:	  	Entravision Communications Company, L.L.C.
	Its:	  	Sole Member
		
	    By:	  	 /s/ Walter F. Ulloa

		  	Name:	  	Walter F. Ulloa
		  	Title:	  	Chairman and CEO
	
	Entravision-El Paso, L.L.C.
		
	By:	  	Entravision Communications Company, L.L.C.
	Its:	  	Managing Member
		
	    By:	  	 /s/ Walter F. Ulloa

		  	Name:	  	Walter F. Ulloa
		  	Title:	  	Chairman and CEO

					
	The foregoing Agreement is hereby confirmed and accepted as of the date first above written.
	
	Citigroup Global Markets Inc.
		
	By:	 	 /s/ Matthew S. Burke

		 	Name:	 	Matthew S. Burke
		 	Title:	 	Vice President
	
	For itself and the other several Initial Purchasers named in Schedule I to the foregoing Agreement

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