Document:

EX-4.3 2014.6.30

EXECUTION COPY  

SUPPLEMENTAL INDENTURE 
This supplemental indenture (this “Supplemental Indenture”), dated as of March 3, 2014, by and among Federated Media Publishing LLC, a Delaware limited liability company (the “Guaranteeing Subsidiary”), LIN Television Corporation, a Delaware corporation (the “Company”), and The Bank of New York Mellon Trust Company, N.A., as trustee under the Indenture referred to below (the “Trustee”). 
W I T N E S S E T H 
WHEREAS, the Company has heretofore executed and delivered to the Trustee an indenture (as supplemented and amended from time to time, the “Indenture”), dated as of October 12, 2012, providing for the issuance of an aggregate principal amount of up to $290 million of 6.375% Senior Notes due 2021 (the “Notes”); 
WHEREAS, LIN Digital Media LLC, a Delaware limited liability company and direct subsidiary of the Company (“LIN Digital”), has entered into that certain Stock Purchase Agreement, dated January 27, 2014, with FMPL Holdings, Inc., a Delaware corporation (“Seller”), pursuant to which LIN Digital acquired the Guaranteeing Subsidiary; 
WHEREAS, the Indenture provides that under certain circumstances the Guaranteeing Subsidiary shall execute and deliver to the Trustee a supplemental indenture, pursuant to which the Guaranteeing Subsidiary shall unconditionally guarantee all of the Company’s Obligations under the Notes and the Indenture on the terms and conditions set forth herein (the “Guaranty”); and 
WHEREAS, pursuant to Sections 4.13, 9.01, 9.06 and 10.06 of the Indenture, the Company, the Guaranteeing Subsidiary and the Trustee are authorized to execute and deliver this Supplemental Indenture without notice to, or the consent of, any Holder. 
NOW THEREFORE, in consideration of the foregoing and for other good and valuable consideration, the receipt of which is hereby acknowledged, the Company, the Guaranteeing Subsidiary and the Trustee mutually covenant and agree for the equal and ratable benefit of the Holders of the Notes as follows: 

1. Capitalized Terms. Capitalized terms used herein without definition shall have the meanings assigned to them in the Indenture. 

2. Agreement to Guarantee. The Guaranteeing Subsidiary hereby agrees to jointly and severally guarantee to each Holder of a Note authenticated and delivered by the Trustee and to the Trustee and its successors and assigns, the Notes or the obligations of the Company hereunder or thereunder, on a senior basis pursuant to, and in accordance with, the terms and conditions of Article Ten of the Indenture and to otherwise assume the obligations and rights as a Guarantor under the Indenture. 

3. Releases. Upon receipt by the Trustee of a request by the Company for a release of the Guaranteeing Subsidiary from its obligations under Article Ten of the Indenture, which request shall be accompanied by an Officers’ Certificate certifying as to compliance with Section 10.03 of the Indenture, and, upon receipt of an Opinion of Counsel that the provisions of Section 10.03 of the Indenture have been complied with, the Trustee shall deliver an appropriate instrument, prepared by the Company and satisfactory in form to the Trustee, evidencing such release. 

4. No Recourse Against Others. As provided in Section 11.08 of the Indenture, no past, present or future director, officer, employee, incorporator, stockholder or agent of the Guaranteeing Subsidiary, as such, shall have any liability for (i) (A) any obligations of the Company or the Guaranteeing Subsidiary under the Notes, (B) the Guaranty, (C) the Indenture or (D) this Supplemental Indenture, or (ii) any claim based on, in respect of, or by reason of, such obligations or their creation. Each Holder of the Notes by accepting a Note waives and releases all such liability. The waiver and release are part of the consideration for issuance of the Notes. 

5. Governing Law. THE INTERNAL LAW OF THE STATE OF NEW YORK SHALL GOVERN AND BE USED TO CONSTRUE THIS SUPPLEMENTAL INDENTURE WITHOUT GIVING EFFECT TO APPLICABLE PRINCIPLES OF CONFLICTS OF LAW TO THE EXTENT THAT THE APPLICATION OF THE LAWS OF ANOTHER JURISDICTION WOULD BE REQUIRED THEREBY. 

6. Counterparts. The parties hereto may sign any number of copies of this Supplemental Indenture. Each signed copy shall be an original, but all of them together represent the same agreement. 

7. Effect of Headings. The Section headings herein are for convenience only and shall not affect the construction hereof. 

8. The Trustee. The Trustee shall not be responsible in any manner whatsoever for or in respect of the validity or sufficiency of this Supplemental Indenture or for or in respect of the recitals contained herein, all of which recitals are made solely by the Guaranteeing Subsidiary and the Company. 

[Remainder of Page Intentionally Left Blank] 

  IN WITNESS WHEREOF, the parties hereto have caused this Supplemental Indenture to be duly executed and attested, all as of the date first written above.

	
		
	 
	FEDERATED MEDIA PUBLISHING LLC

	 
	 

	By:
	/s/ Richard J. Schmaeling

	 
	Richard J. Schmaeling

	 
	Senior Vice President, Chief Financial Officer

	 
	 

	 
	LIN TELEVISION CORPORATION

	By:
	/s/ Richard J. Schmaeling

	 
	Richard J. Schmaeling

	 
	Senior Vice President, Chief Financial Officer

	 
	 

	 
	THE BANK OF NEW YORK MELLON TRUST COMPANY, N.A., as Trustee

	By:
	/s/ Melonee Young

	 
	Melonee Young

	 
	Vice PresidentCORR-2014.6.30-10Q EX-10.19.1

Exhibit 10.19.1

Director Compensation Plan
CorEnergy Infrastructure Trust, Inc.

This Plan is adopted by the Board of Directors (the “Board”) of CorEnergy Infrastructure Trust, Inc. (the “Company”), effective as of April 1, 2014 (the “Effective Date”), subject to paragraph 10 below.  The purpose of this Plan is to set forth the compensation policy for directors of the Board who are neither employees or officers of the Company nor any external manager of the Company (“Compensated Directors”).  

		
	1.
	Cash Retainer.  Except as noted in paragraph 10 below, each Compensated Director shall receive an annual cash retainer equal to $15,000 in total for each period from July 1 through June 30 (the “Plan Year”).  Except as noted in paragraph 10 below, such cash retainer shall be paid in two equal installments ($7,500 each) on the first business day of October and January of each Plan Year.    

		
	2.
	Stock Retainer.  Except as noted in paragraph 10 below, each Compensated Director shall receive an annual stock retainer equal to $15,000 in total for each Plan Year.  Except as noted in paragraph 10 below, such stock retainer shall be paid in shares of the Company’s common stock, par value $0.001, on the first business day of July and April of each Plan Year (each a “Date of Grant”), in amount equal to (i) $7,500 divided by (ii) the closing price of one share of common stock as reported on the New York Stock Exchange on the Date of Grant.  

		
	3.
	Chair and Lead Director Fees.  In addition to the retainers set forth in the preceding paragraphs, the Chair of the Corporate Governance Committee shall receive a $1,000 annual cash retainer, the Lead Director shall receive a $1,000 annual cash retainer, and the Chair of the Audit Committee shall receive a $5,000 annual cash retainer.  The chair and lead director fees described in this paragraph shall be paid on the first business day of each Plan Year.  

		
	4.
	Attendance Fees.  In addition to the retainers set forth in the preceding paragraphs, each Compensated Director shall receive $1,000 for each committee meeting or Board meeting in which he or she participates.  Such fees shall be paid within three business days of each meeting.

		
	5.
	Restrictions on Shares.  All shares of common stock issued to a Compensated Director pursuant to this Plan shall be fully vested upon grant, but may not be sold, pledged, or otherwise transferred in any manner during the Compensated Director’s active tenure on the Board.  The expectation of the Company is that each Director will, within two full years after becoming a Director, own shares of Company common stock having a purchase value equal to at least twice the annual retainer.  Upon a Compensated Director ceasing to be a member of the Board, all transfer restrictions concerning such Compensated Director’s shares shall immediately be removed, and such shares shall thereupon be freely transferrable by the Compensated Director or by his or her estate or legal representative, as applicable.  The Board may require that such shares bear an appropriate legend evidencing such transfer restrictions.  

		
	6.
	Aggregate Number of Shares Subject to the Plan. The aggregate number of shares of the Company’s common stock that may be granted to Compensated Directors pursuant to this Plan initially shall be 100,000 shares, subject to appropriate adjustment, as determined by the Board, in the event of any changes in the outstanding shares of the Company’s stock or in the capital structure of the Company by reason of any stock dividends, stock splits, reverse stock splits, recapitalizations, reorganizations, mergers, consolidations, combinations, exchanges, or other relevant changes in the Company’s capitalization occurring after the Effective Date.

		
	7.
	Payments that Violate Federal Securities Laws or Other Applicable Law.  Notwithstanding any provision in this Plan to the contrary, any payment under this Plan may be delayed if the Company reasonably anticipates that the making of the payment will violate Federal or state securities laws or other applicable law; provided that, such payment is made at the earliest date at which the Company reasonably anticipates that the making of the payment will not cause such violation.  

		
	8.
	Award Limitations. Notwithstanding any provision of this Plan to the contrary, in no event shall any shares of the Company’s common stock be issued under this Plan if such issuance would result in a violation of the common stock ownership limits or any other requirements necessary for qualification of the Company as a “real estate investment trust” for Federal income tax purposes, if applicable.  In the event that the number of shares of common stock remaining available for issuance under this Plan is insufficient to pay the full amount of any installment of the stock retainer prescribed by paragraph 2 hereof on the date such installment is due, then all Compensated Directors entitled to a receive such installment on such date shall share ratably in the number of shares remaining available for issuance under the Plan.   

Exhibit 10.19.1

		
	9.
	Shareholder Approval.  Notwithstanding any provision of this Plan to the contrary, no shares of the Company’s common stock shall be issued pursuant to this Plan unless and until the Plan is approved by the Company’s stockholders.  Accordingly, if the Plan is approved by the Company’s stockholders at its May 2014 annual meeting, payment of the April 1, 2014 stock retainer contemplated by paragraph 2 of this Plan shall be delivered to the Compensated Directors as soon as administratively practicable following such approval date. Any other retainer or fee due hereunder prior to stockholder approval of this Plan shall be paid in cash.

		
	10.
	Pro Rated Fees.  If a Compensated Director’s term commences during a Plan Year, that director’s initial quarterly fees shall be pro rated and shall be paid (or delivered in shares) on the first business day following the commencement of his or her term.  If a Compensated Director’s term ends during a Plan Year, that director shall retain any fees attributable to the calendar quarter then in effect and shall not receive fees attributable to any calendar quarters thereafter. 

		
	11.
	Amendment.  The Board reserves the right to amend or terminate this Plan at any time.

		
	12.
	Governing Law.  This Plan and the legal relations between the parties hereto shall be governed by and construed in accordance with the laws of the state of Maryland.

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00234-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00234-of-00352.parquet"}]]