Document:

EX - 4.3 2014.9.30

EXECUTION VERSION

Exhibit 4.3
SUPPLEMENTAL INDENTURE
This supplemental indenture (this “Supplemental Indenture”), dated as of October 2, 2014, by and among Dedicated Media, Inc., a California corporation (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 in 2021 (the “Notes”); 
WHEREAS, the Company has entered into that certain Master Transaction and Stock Purchase Agreement, dated April 9, 2013, by and among the Company, the Guaranteeing Subsidiary and certain sellers identified therein, pursuant to which the Company acquired a majority of the issued and outstanding capital stock of the Guaranteeing Subsidiary on a fully-diluted basis;
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.

	
			
	DEDICATED MEDIA, INC.

	By:   
	/s/ Chris Burman

	 
	Name:
	Chris Burman

	 
	Title:
	Senior Vice President, Chief Financial Officer

	
			
	LIN TELEVISION CORPORATION

	By:   
	/s/ Richard J. Schmaeling

	 
	Name:
	Richard J. Schmaeling

	 
	Title:
	Senior Vice President, Chief Financial Officer

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

	By:   
	/s/ Teresa Petta

	 
	Name:
	Teresa Petta

	 
	Title:
	Vice PresidentEX-10.1

 Exhibit 10.1 

ANADARKO PETROLEUM CORPORATION 1201 LAKE ROBBINS DRIVE, THE WOODLANDS, TEXAS 77380 

P.O. BOX 1330 HOUSTON, TEXAS 77251-1330 U.S.A. PH. (832)636-1000 

 
 

 
 PERSONAL AND CONFIDENTIAL 

[Date]                       
  
 Dear : 
 The Compensation and Benefits Committee (the
“Committee”) of the Board of Directors of Anadarko Petroleum Corporation (the “Company”) has made an Award of Performance Units (“PUs”) to you under the Anadarko Petroleum Corporation 2012 Omnibus Incentive Compensation
Plan, as may be amended from time to time (the “Plan”). This PU Award is subject to all terms and conditions of the Plan, the summary of the Plan and the provisions of this Award Agreement. Unless defined herein, capitalized terms shall
have the meaning assigned to them under the Plan. The Plan is available on the Anadarko intranet website at the following address: [internal website address]. 

You have been awarded PUs as your target (“Target”). The value of these PUs, if any, will be dependent upon the Company’s relative total
shareholder return (“TSR”) over the specified three-year performance period that begins [date] and ends [date] (the “Performance Period”). At the end of the Performance Period, your Target will vest. The maximum number of PUs
that you can earn during the Performance Period will be calculated as follows {PUs x 200%}, with actual payout based on the Company’s TSR ranking as described below. 

Each PU represents the value of one share of the Company’s Common Stock. The payout of PUs is contingent upon the Company’s TSR ranking relative to
a predetermined peer group during the Performance Period. The TSR measure provides an external comparison of the Company’s performance against a peer group of companies and will be calculated as follows: 

Average Closing Stock Price for the last 30 trading days of the Performance Period 

Minus 
 Average Closing
Stock Price for the 30 trading days preceding the beginning of the Performance Period 
 Plus 

Dividends paid per share over the Performance Period (based on ex-dividend date) 

Total Above Divided By 

Average Closing Stock Price for the 30 trading days preceding the beginning of the Performance Period 

The actual number of PUs you will earn for the Performance Period is based upon the Company’s relative TSR ranking as follows: 

					
	 Anadarko
 Relative

Ranking
	  	Percentile
Rank	 	Payout
as % of
Target
	 1st
	  	100%	 	200%
	 2nd
	  	91%	 	182%
	 3rd
	  	82%	 	164%
	 4th
	  	73%	 	146%
	 5th
	  	64%	 	128%
	 6th
	  	55%	 	100%
	 7th
	  	46%	 	80%
	 8th
	  	36%	 	60%
	 9th
	  	27%	 	40%
	 10th
	  	18%	 	0%
	 11th
	  	9%	 	0%
	 12th
	  	0%	 	0%

 For example, if you were awarded 1,000 target PUs and the Company’s relative ranking for the Performance Period is 3rd, you will receive 1,640 PUs (1,000 x 164%) at the end of the Performance Period (subject to the other terms and conditions of this Award Agreement). 

The peer group for the Performance Period includes Apache Corporation, Chevron Corporation, ConocoPhillips, Devon Energy Corporation, EOG Resources, Inc.,
Hess Corporation, Marathon Oil Corporation, Murphy Oil Corporation, Noble Energy, Inc., Occidental Petroleum Corporation and Pioneer Natural Resources Company. If, during the Performance Period, any peer company undergoes a change in corporate
capitalization or a corporate transaction (including, but not limited to, a going private transaction, bankruptcy, liquidation, merger, consolidation, etc.), then the Committee shall undertake an evaluation to determine whether such peer company
will be replaced with a different peer company (any such replacement company shall be identified pursuant to the rules established by the Committee within the first 90 days of a Performance Period). The Committee has designated Chesapeake Energy
Corporation and Talisman Energy as replacement companies, in the order just specified. 
 After the end of the Performance Period, the value attributed to
the PUs that are earned on such date shall be calculated by multiplying the number of PUs earned by the Fair Market Value1 of the Company’s Common Stock on the day the Committee certifies the
performance results and approves the payouts. This value shall be reduced by the applicable payroll taxes as a result of the vesting of the PUs earned, and the resulting amount shall then be paid to you in cash within 60 days after the end of the
Performance Period (unless subject to a properly executed deferral election). Dividend equivalents (as described in Section 9.5 of the Plan) shall not be paid with respect to the PUs (subject to the provisions below regarding payouts following
the occurrence of a Change of 
  

	1 	As of any given date, the closing sales price at which Common Stock is sold on such date as reported in the NYSE-Composite Transactions by The Wall Street Journal or any other comparable service the Plan
Administrator may determine is reliable for such date, or if no Common Stock was traded on such date, on the next preceding day on which Common Stock was so traded. If the Fair Market Value of the Common Stock cannot be determined pursuant to the
preceding provisions, the “Fair Market Value” of the Common Stock shall be determined by the Plan Administrator in such a manner as it deems appropriate, consistent with the requirements of Section 409A. 

  
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Control). The PUs do not have voting rights and the PUs do not count toward any applicable stock ownership guidelines. 

You may be allowed to make an election to defer your entire PU Award on a separate form provided by Human Resources. All deferral elections and distributions
must be made in compliance with Section 409A. 
 If (i) you incur a “separation from service” (within the meaning of such term set forth
in Section 409A under such definitions and procedures as established by the Company in accordance with Section 409A) due to your voluntary termination of employment other than for Good Reason during the Applicable Period following a Change
of Control or by reason of retirement (as defined below), or (ii) you incur a separation from service due to a termination for Cause, then, in either case, all unvested PUs will be immediately forfeited as of the date of your separation from
service. 
 Upon your death prior to a separation from service and prior to the end of the Performance Period, all of your unvested PUs will become
immediately vested and paid within 60 days after the date of your death in an amount equal to your Target multiplied by the Fair Market Value of the Company’s Common Stock as of the date of your death; provided, however, that if your death
occurs on or after the date upon which a Change of Control occurs, then the amount payable upon your death shall be determined as provided below with respect to PUs that are outstanding on the date upon which a Change of Control occurs. 

If you incur a separation from service prior to the end of the Performance Period due to (i) disability (as defined in the Company’s disability
plan), (ii) retirement (as defined by the Anadarko Petroleum Corporation Retiree Health Benefits Plan), (iii) involuntary termination without Cause or (iv) termination of employment for Good Reason during the Applicable Period
following a Change of Control, then you will receive a payout within 60 days after the end of the Performance Period. The amount of such payout shall be based on actual performance at the end of the Performance Period; provided, however, that if a
Change of Control occurs prior to the end of the Performance Period, then such payout shall be determined as provided below with respect to PUs that are outstanding on the date upon which a Change of Control occurs. In addition, solely in the case
of retirement (but not in the case of a separation from service described in clause (i), (iii) or (iv) of the first sentence of this paragraph), such payout shall be prorated based on the number of months you worked during the Performance
Period. 
 Notwithstanding the preceding provisions of this Award Agreement, the following provisions shall apply in the event a Change of Control occurs
prior to the end of the Performance Period and while your PUs remain outstanding: 
  

	 	(i)	 The Company’s TSR ranking relative to the peer group shall be determined as if the date upon which the Change of Control occurs (the “Change
of Control Date”) is the last day of the Performance Period, and a preliminary calculation of the value of the earned PUs for the Performance Period will be made as of such date (the “Preliminary PU Amount”), which amount will be
(A) equal to your Target multiplied by the applicable percentage under the “Payout as % of Target” column of the table above based on the Company’s relative TSR ranking for the Performance Period multiplied by the
Fair Market Value of the Company’s Common Stock as of the first trading day immediately preceding the Change of Control Date and (B) 

  
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solely in the event of your retirement on or before the Change of Control Date, prorated based on the number of months you worked during the Performance Period (determined without regard to the
Change of Control); 

  

	 	(ii)	On the Change of Control Date, your PUs that are outstanding on such date shall be converted into restricted equity units in respect of the common equity security of the Surviving Company (as hereinafter defined), the
number of which shall be determined by dividing the Preliminary PU Amount by the fair market value of one such common equity security as of the first business day immediately prior to the Change of Control Date (as determined in good faith by the
Committee which, in the case of a publicly-traded security, shall be based on the closing price of such security on the principal exchange upon which it is traded as of the applicable date); 

 

	 	(iii)	Each such restricted equity unit shall, from and after the Change of Control Date, be subject to equitable adjustment by the board of directors (or an authorized committee thereof) of the Surviving Company as if such
unit had been granted under the Plan, and such restricted equity units shall be credited with dividend equivalents (in a manner similar to that provided in Section 11.4 of the Plan), which dividend equivalents shall be accrued and deemed
reinvested in additional common equity securities of the Surviving Company and paid, less applicable taxes, at such time as the restricted equity units to which they relate vest and settle; 

 

	 	(iv)	Subject to the provisions of clause (v) below, (A) each such restricted equity unit shall vest and be earned on the last day of the Performance Period (determined without regard to the occurrence of the Change
of Control) and the payment amount with respect thereto shall be based on the fair market value of the common equity security of the Surviving Company as of the last day of the Performance Period (determined without regard to the occurrence of the
Change of Control) and (B) the payment amount, less applicable withholding taxes, shall be paid to you in cash within 10 days after the end of the Performance Period (determined without regard to the occurrence of the Change of Control); and

  

	 	(v)	 Each such restricted equity unit (and the related dividend equivalents) shall be subject to the same forfeiture, time of payment and, in the event of
your retirement after the Change of Control Date, proration provisions as are provided in the three paragraphs preceding this paragraph and shall be paid, less applicable withholding taxes, in cash; provided, however, that (A) a payment due
upon your death on or after the Change of Control Date shall be based on the fair market value of the common equity security of the Surviving Company as of the date of your death and shall be paid within 10 days after the date of your death without
regard to any longer period that may be provided pursuant to the preceding paragraphs of this Award Agreement, (B) a payment due after the end of the Performance Period (determined without regard to the occurrence of the Change of Control)
shall be based on the fair market value of the common equity security of the Surviving Company as of the last day of the Performance Period (determined without regard to the occurrence of the Change of Control) and shall be paid within 10 days after
the last day of the Performance Period without regard to any longer period that may be provided pursuant to the preceding paragraphs of this Award Agreement, and (C) if the 

  
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Change of Control constitutes a Section 409A Change of Control (as hereinafter defined) and if you incur a separation from service during the two-year period beginning on the Change of
Control Date due to (I) disability (as defined in the Company’s disability plan), (II) retirement (as defined by the Anadarko Petroleum Corporation Retiree Health Benefits Plan), (III) involuntary termination without Cause or (IV)
termination of employment for Good Reason during the Applicable Period following the Change of Control, then (x) you will receive a payout with respect to your restricted equity units on the first business day that is at least six months and
one day following the applicable separation from service (or, if earlier, within 10 days after the earlier of the date of your death or the last day of the Performance Period (determined without regard to the occurrence of the Change of Control)),
(y) such payout will be based on the fair market value of the common equity security of the Surviving Company as of the fifth business day immediately preceding the date of such payment (or, if the payment is to be made within 10 days after the
last day of the Performance Period (determined without regard to the occurrence of the Change of Control), then such payout amount will be based on the fair market value of the common equity security of the Surviving Company as of the last day of
the Performance Period (determined without regard to the occurrence of the Change of Control)), and (z) solely in the case of retirement (but not in the case of a separation from service described in subclause (I), (III) or (IV) of this clause
(C)), such payout shall be prorated based on the number of months you worked during the Performance Period (determined without regard to the occurrence of the Change of Control). 

Any determination of fair market value required pursuant to clause (iv) or (v) of the preceding paragraph shall be made in good faith by the board
of directors (or an authorized committee thereof) of the Surviving Company (which, in the case of a publicly-traded security, shall be based on the closing price of such security on the principal exchange upon which it is traded as of the applicable
date). 
 As used herein, the term “Surviving Company” means the entity designated by the Committee on or before the Change of Control Date as
resulting from the Change of Control. For the avoidance of doubt, the Company may be the Surviving Company depending on the facts and circumstances relating to the Change of Control. As used herein, the term “Section 409A Change of
Control” means a Change of Control (as defined in Section 2.8 of the Plan without regard to the last sentence of such section) that also constitutes a change in control event (as defined in Treasury regulation section 1.409A-3(i)(5)). 

Your PUs are subject to several restrictions, including that such PUs may not be transferred, sold, assigned, pledged, exchanged, hypothecated or otherwise
transferred, or disposed of to the extent then subject to restrictions. 
 If the Company is required to prepare an accounting restatement due to the
material noncompliance of the Company, as a result of misconduct, with any financial reporting requirement under the securities laws, and if you knowingly engaged in the misconduct, were grossly negligent with respect to such misconduct, or
knowingly or grossly negligently failed to prevent the misconduct (whether or not you are one of the individuals subject to automatic forfeiture under Section 304 of the Sarbanes-Oxley Act of 2002), the Plan Administrator may determine that you
shall reimburse 

  
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the Company the amount of any payment in settlement of an Award earned or accrued during the twelve-month period following the first public issuance or filing with the United States Securities
and Exchange Commission (whichever first occurred) of the financial document embodying such financial reporting requirement. 
 Notwithstanding anything in
this Award Agreement or any other agreement between you and the Company to the contrary, including, without limitation, any provisions that prevent the Company from unilaterally amending this Award Agreement, you agree by accepting this Award that
the Dodd-Frank Wall Street Reform and Consumer Protection Act (the “Act”) has the effect of requiring certain officers of the Company to repay the Company, and for the Company to recoup from such officers, erroneously awarded amounts of
incentive-based compensation. If the Act, any rules or regulations promulgated thereunder by the Securities and Exchange Commission or any similar federal or state law requires the Company to recoup any erroneously awarded incentive-based
compensation (including stock options and any other equity-based awards) that the Company has paid or granted to you, you hereby agree, even if you have terminated your employment with the Company, to promptly repay such erroneously awarded
incentive compensation to the Company upon its written request. This obligation shall survive the termination of this Award Agreement. 
 Please establish a
Beneficiary Designation for your Long-Term Incentive Equity Awards online at [internal website address] or by contacting the Anadarko Benefits Center at 1-866-472-xxxx, option 1 and then option 1 again. You may update your designation anytime. 

If you have any questions about this Award Agreement, please call me at 832-636-xxxx. 

Sincerely, 

  
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