Document:

Form of Restricted Stock Award Certificate

 Exhibit 10.26 
 [Time-Vesting RSA 2007 Plan, Class B Stock] 
 [dividends payable prior to vesting]

 R E S T R I C T E D S T O C K A W A R D C E R T I F I C A T E 
 Non-transferable 
 G R A N T T O 
  
  
 (“Grantee”) 
 by Journal Communications, Inc. (the
“Company”) of 
              shares of its Class B
common stock, $0.01 par value (the “Shares”) 
 pursuant to and subject to the provisions of the Journal Communications, Inc. 2007
Omnibus Incentive Plan (the “Plan”) and to the terms and conditions set forth on the following page (the “Terms and Conditions”). By accepting the Shares, Grantee shall be deemed to have agreed to the terms and conditions set
forth in this Certificate and the Plan. Capitalized terms used herein and not otherwise defined shall have the meanings assigned to such terms in the Plan. 
 Unless vesting is accelerated in accordance with the Plan or in the discretion of the Committee, the Shares will vest (become non-forfeitable) in accordance with the following schedule:  

  

			
	 Continuous Status as a Participant
 after Grant Date
	  	Percent of Shares Vested
	  	  	 
	  	  	 
	  	  	 
	  	  	 

 IN WITNESS WHEREOF, Journal Communications, Inc., acting by and
through its duly authorized officers, has caused this Certificate to be duly executed. 
  

									
	JOURNAL COMMUNICATIONS, INC.	 		 	
					
	By:	 	 	 		 	Grant Date:	 	 
		 		 		 		 	

 TERMS AND CONDITIONS 
 1. Restrictions. The Shares are subject to each of the following restrictions. “Restricted Shares” mean those Shares that are subject to the restrictions imposed hereunder which
restrictions have not then expired or terminated. Restricted Shares may not be sold, transferred, exchanged, assigned, pledged, hypothecated or otherwise encumbered. If Grantee’s employment with the Company or any Affiliate terminates for any
reason other than as set forth in paragraph (b) or (d) of Section 2 hereof, then Grantee shall forfeit all of Grantee’s right, title and interest in and to the Restricted Shares as of the date of employment termination, and such
Restricted Shares shall revert to the Company immediately following the event of forfeiture. The restrictions imposed under this Section shall apply to all shares of the Company’s Stock or other securities issued with respect to Restricted
Shares hereunder in connection with any merger, reorganization, consolidation, recapitalization, stock dividend or other change in corporate structure affecting the Stock of the Company. 
 2. Expiration and Termination of Restrictions. The restrictions imposed under Section 1 will expire on the earliest to occur of the following (the period prior to such expiration being
referred to herein as the “Restricted Period”): 
 (a) as to the percentages of the Shares specified on the cover page
hereof, on the respective dates specified on the cover page hereof; provided Grantee is then employed by the Company or an Affiliate; or 
 (b) as to all of the Shares, the termination of Grantee’s employment due to death or Disability; or 
 (c) the occurrence of a Change in Control, except with respect to any Restricted Shares assumed by the surviving entity or otherwise equitably converted or substituted in connection with the Change in
Control; or 
 (d) with respect to any Restricted Shares assumed by the surviving entity or otherwise equitably converted or
substituted in connection with a Change in Control, upon the termination of Grantee’s employment without Cause (or Grantee’s resignation for Good Reason as provided in any employment, severance or similar agreement between Grantee and the
Company or an Affiliate) within two years after the effective date of the Change in Control. 
 3. Delivery of Shares. The Shares will be
registered in the name of Grantee as of the Grant Date and shall be held by the Company during the Restricted Period in uncertificated form, with the applicable restrictions noted by the transfer agent. After the expiration of the Restricted Period,
the Shares shall continue to be held in name of Grantee in uncertificated form, but the restrictive notations relating to Section 1 shall be removed. If at any time in the future the Company allows Class B Stock to be issued in certificated
form, Grantee may request a certificate for the Shares for which the restrictions have lapsed, 
 4. Voting and Dividend
Rights. Grantee, as beneficial owner of the Shares, shall have full voting and dividend rights with respect to the Shares during and after the Restricted Period. Each dividend payment, if any, shall be made no later than the end of the calendar
year in which the dividend is paid to the shareholders or, if later, the 15th day of the third month following the date the dividend is paid to shareholders. If Grantee forfeits any rights he may have under this Certificate, Grantee shall no longer have any rights as a stockholder
with respect to the Restricted Shares or any interest therein and Grantee shall no longer be entitled to receive dividends on such stock. In the event that for any reason Grantee shall have received dividends upon such stock after such forfeiture,
Grantee shall repay to the Company any amount equal to such dividends. 
 5. No Right of Continued Employment. Nothing in this
Certificate shall interfere with or limit in any way the right of the Company or any Affiliate to terminate Grantee’s employment at any time, nor confer upon Grantee any right to continue in the employ of the Company or any Affiliate.

 6. Payment of Taxes. Grantee will, no later than the date as of which any amount related to the Shares first becomes includable in
Grantee’s gross income for federal income tax purposes, pay to the Company, or make other arrangements satisfactory to the Committee regarding payment of, any federal, state and local taxes of any kind required by law to be withheld with
respect to such amount, including without limitation the surrender of shares of Stock to the Company. The obligations of the Company under this Certificate will be conditional on such payment or arrangements, and the Company, and, where applicable,
its Affiliates will, to the extent permitted by law, have the right to deduct any such taxes from the award or any payment of any kind otherwise due to Grantee. 
 7. Plan Controls. The terms contained in the Plan are incorporated into and made a part of this Certificate and this Certificate shall be governed by and construed in accordance with the Plan. In
the event of any actual or alleged conflict between the provisions of the Plan and the provisions of this Certificate, the provisions of the Plan shall be controlling and determinative. 
 8. Successors. This Certificate shall be binding upon any successor of the Company, in accordance with the terms of this Certificate and the Plan. 
 9. Severability. If any one or more of the provisions contained in this Certificate is invalid, illegal or unenforceable, the other provisions of
this Certificate will be construed and enforced as if the invalid, illegal or unenforceable provision had never been included. 
 10.
Notice. Notices and communications under this Certificate must be in writing and either personally delivered or sent by registered or certified United States mail, return receipt requested, postage prepaid. Notices to the Company must be
addressed to Journal Communications, Inc., 333 West State Street, Milwaukee, Wisconsin, 83203: Attn: Chief Accounting Officer, or any other address designated by the Company in a written notice to Grantee. Notices to Grantee will be directed to the
address of Grantee then currently on file with the Company, or at any other address given by Grantee in a written notice to the Company. 
  

 - 2 -Reaffirmation Agreement

 Exhibit 10.1 
 REAFFIRMATION AGREEMENT 
 THIS REAFFIRMATION AGREEMENT
(this “Agreement”), dated as of February 26, 2010, is by and among MEDALLION FUNDING LLC (successor by merger to Medallion Funding Corp.), a New York limited liability company (“New Medallion Funding”),
MEDALLION LOAN TRUST II, a Delaware statutory trust (the “Borrower”), CITICORP NORTH AMERICA, INC., in its capacity as Administrative Agent (the “Administrative Agent”) under the “Loan and Security
Agreement” referred to below, and WELLS FARGO BANK, NATIONAL ASSOCIATION (the “Custodian”). 
 W
I T N E S S E T H: 
 WHEREAS, on the date hereof, Medallion
Funding Corp. (“Legacy Medallion Funding”) merged with and into New Medallion Funding with New Medallion Funding as the survivor of such merger (the “Merger”); 
 WHEREAS, upon giving effect to the Merger, New Medallion Funding succeeded to the rights, duties and obligations of Legacy Medallion Funding
under (i) the Servicing Agreement, (ii) the Purchase Agreement, (iii) the Custodial Agreement, (iv) each other loan sale agreement to which Legacy Medallion was a party in connection with the Loan and Security Agreement
referenced below and (v) each of the other Loan Documents to which Legacy Medallion Funding was a party (collectively, the “Medallion Funding Agreements”); and 
 WHEREAS, New Medallion Funding, as successor to Legacy Medallion Funding, wishes to hereby expressly reaffirm its duties and obligations
under the Medallion Funding Agreements; 
 NOW, THEREFORE, in consideration of the premises and of the mutual covenants
contained herein, and other good and valuable consideration the receipt and adequacy of which are hereby acknowledged, the parties hereto hereby agree as follows: 
 1. Defined Terms. Terms capitalized herein and not otherwise defined herein are used with the meanings ascribed to such terms in the Loan and Security Agreement, dated as of December 19, 2006
(as amended, restated, supplemented or otherwise modified, the “Loan and Security Agreement”), among the Borrower, the financial institutions from time to time party thereto, and the Administrative Agent. 
 2. Reaffirmation of Obligations. New Medallion Funding hereby (a) expressly reaffirms all of the duties and obligations of
Legacy Medallion Funding each of the Medallion Funding Agreements, and (b) expressly reconfirms the Liens and security interests granted in favor of the Borrower under the Purchase Agreement. New Medallion Funding hereby reaffirms that, upon
the effectiveness of the Merger, it is and shall hereafter be, entitled to and liable for each and every right, obligation, duty, representation and covenant of Legacy Medallion Funding to the same extent as if New Medallion Funding had been the
original party to the Medallion Funding Agreements. 
 3. Consents Related to the Merger. The parties hereto hereby
consent to the Merger, and waive any non-compliance by Funding under the following provisions of the Medallion Funding Documents resulting directly from the Merger: 
 (a) the following sections of the Purchase Agreement: Section 5.01(b) Preservation of Corporate Existence (obligation to maintain corporate existence), Section 5.03(d) Change in Corporate Name
(prohibition against change of corporate name), and 

 (b) the following sections of the Servicing Agreement: Section 6.01(a) Existence
(obligation to maintain its corporate existence), Section 6.04 Prohibition on Fundamental Change (prohibition against merger), and Section 6.06 Amendment to Organizational Documents (prohibition against modifying organizational documents).

 4. Representations and Warranties. New Medallion Funding hereby represents and warrants to the Borrower, the
Administrative Agent and the Custodian, as follows: 
 (a) New Medallion Funding has the right, power and capacity and has been
duly authorized and empowered by all requisite corporate action to enter into, execute, deliver and perform this Agreement and all agreements, documents and instruments executed and delivered pursuant to this Agreement. 
 (b) This Agreement constitutes New Medallion Funding’s legal, valid and binding obligation, enforceable against it, except as
enforcement thereof may be subject to the effect of any applicable bankruptcy, insolvency, reorganization, moratorium or similar laws affecting creditors’ rights generally and general principles of equity (regardless of whether such enforcement
is sought in a proceeding in equity or at law or otherwise). 
 (c) New Medallion Funding’s execution, delivery and
performance of this Agreement does not and will not violate its certificate of incorporation, by-laws or other organizational documents, any law, rule, regulation, order, writ, judgment, decree or award applicable to it or any contractual provision
to which it is a party or to which it or any of its property is subject. 
 (d) No authorization or approval or other action by,
and no notice to or filing or registration with, any governmental authority or regulatory body (other than those which have been obtained and are in force and effect) is required in connection with the execution, delivery and performance by New
Medallion Funding of this Agreement and all agreements, documents and instruments executed and delivered pursuant to this Agreement. 
 5. Miscellaneous. The parties hereto hereby further agree as follows: 
 (a) Payment of Costs. New
Medallion Funding hereby agrees to pay all reasonable out-of-pocket costs and expenses (evidenced by invoices in reasonable detail) incurred by the Borrower, the Custodian, and the Administrative Agent (including the reasonable fees and expenses of
its counsel) in connection with the preparation, execution and delivery of this Agreement. 
 (b) Counterparts. This
Agreement may be executed in one or more counterparts, each of which, when executed and delivered, shall be deemed to be an original and all of which counterparts, taken together, shall constitute but one and the same document with the same force
and effect as if the signatures of all of the parties were on a single counterpart, and it shall not be necessary in making proof of this Agreement to produce more than one (1) such counterpart. 
 (c) Headings. Headings used in this Agreement are for convenience of reference only and shall not affect the construction of this
Agreement. 
 (d) Governing Law. THIS AGREEMENT SHALL BE DEEMED TO BE A CONTRACT MADE UNDER THE LAWS OF THE STATE OF NEW
YORK, AND FOR ALL PURPOSES SHALL BE CONSTRUED IN ACCORDANCE WITH THE LAWS AND DECISIONS OF SAID STATE, INCLUDING SECTIONS 5-1401 AND 5-1402 OF THE NEW YORK GENERAL OBLIGATIONS LAW BUT EXCLUDING ALL OTHER CHOICE OF LAW AND CONFLICTS OF LAWS RULES.

  

 -2- 

 (e) Binding Effect. This Agreement shall be binding upon and inure to the benefit of
and be enforceable by each of the parties hereto and their respective successors and assigns. 
 (f) Waiver of Required
Notice. Each of the Borrower, the Administrative Agent and the Custodian hereby waives any requirement under any Loan Document that Legacy Medallion Funding provide advance written notice of the Merger. 
 [signature page follows] 
  

 -3- 

 IN WITNESS WHEREOF, the parties hereto have caused this Agreement to be executed by their
respective signatories thereunto duly authorized, as of the date first written above. 
  

			
	MEDALLION FUNDING LLC
		
	By:	 	 /s/ Brian S. O’Leary

	Name:	 	Brian S. O’Leary
	Title:	 	Chief Operating Officer
	
	TAXI MEDALLION LOAN TRUST II, as Borrower
		
	By:	 	 /s/ Brian S. O’Leary

	Name:	 	Brian S. O’Leary
	Title:	 	Vice President
		
	By:	 	 /s/ Michael J. Kowalsky

	Name:	 	Michael J. Kowalsky
	Title:	 	Secretary and Assistant Treasurer

 Reaffirmation Agreement 

			
	CITICORP NORTH AMERICA, INC., as Administrative Agent
		
	By:	 	 /s/ Marc Daly

	Name:	 	Marc Daly
	Title:	 	Director
	
	CHARTA, LLC, as a Conduit Lender
	By: Citicorp North America, Inc., as Attorney-in-Fact
		
	By:	 	 /s/ Marc Daly

	Name:	 	Marc Daly
	Title:	 	Director
	
	CITIBANK, N.A., as a Committed Lender
		
	By:	 	 /s/ Marc Daly

	Name:	 	Marc Daly
	Title:	 	Director

 Reaffirmation Agreement

			
	WELLS FARGO BANK, NATIONAL ASSOCIATION, not in its individual capacity but solely as Custodian
		
	By:	 	 /s/ Sue Dignan

	Name:	 	Sue Dignan
	Title:	 	Vice President

 Reaffirmation
Agreement

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