Document:

<PAGE>   1
                                                                   EXHIBIT 10.80

                          EXECUTIVE RETENTION AGREEMENT

     This Executive Retention Agreement (the "Agreement") is made and entered
into as of November 19, 1999 (the "Effective Date"), by and between Maxtor
Corporation, a Delaware corporation (the "Company") and ________________________
("Executive").

                                 R E C I T A L S

A.   Executive is ________________________ of the Company and possesses
     valuable knowledge of the Company, its business and operations, and the
     markets in which the Company competes.

B.   The Company draws upon the knowledge, experience and advice of Executive in
     order to manage its business for the benefit of the Company's stockholders.

C.   Executive and the Company have entered into a Retention Agreement dated May
     29, 1998 setting forth certain incentives for Executive to remain employed
     with the Company (the "May 1998 Agreement").

D.   The Compensation Committee of the Board of Directors desires to supplement
     Executive's retention arrangements so as to provide additional compensation
     and benefits to the Executive to encourage Executive to continue to devote
     his full attention and dedication to the Company and to create additional
     incentives to continue his employment with the Company.

     1.   Loan.

          (a) As of the Effective Date of this Agreement, the Company will loan
Executive the sum of Three Hundred Fifty Thousand Dollars ($350,000.00) (the
"Loan"). Except as otherwise provided in this Agreement, the Loan shall be
subject to the terms and conditions of the promissory note, attached hereto as
Exhibit 1 (the "Promissory Note").

          (b) Notwithstanding any other provisions in the Promissory Note to the
contrary:

               (i) In consideration of Executive's future services, on November
18, 2002, Executive's obligation to pay the then outstanding balance of the Loan
(including unpaid principal and accrued interest thereon) shall be forgiven and
the Promissory Note shall be canceled, provided Executive remains continuously
employed through such date;

               (ii) Upon the occurrence of a termination of Executive's
employment by the Company for other than Cause, as that term is defined in the
May 1998 Agreement, Executive's obligation to pay the then outstanding balance
of the Loan (including unpaid principal and accrued interest thereon) shall be
forgiven and the Promissory Note shall be canceled;

                                       1
<PAGE>   2

               (iii) Upon the occurrence of a Termination Upon a Change of
Control, as that term is defined in the May 1998 Agreement, Executive's
obligation to pay the then outstanding balance of the Loan (including unpaid
principal and accrued interest thereon) shall be forgiven and the Promissory
Note shall be canceled;

               (iv) In the event Executive becomes Permanently Disabled, as that
term is defined in the May 1998 Agreement, or dies, Executive's obligation to
pay the then outstanding balance of the loan (including unpaid principal and
accrued interest thereon) shall be forgiven and the Promissory Note shall be
canceled.

     2. Payment of Taxes. All payments made to Executive under this Agreement
shall be subject to all applicable federal and state income, employment and
payroll taxes. At the time the Promissory Note is canceled or any payment
thereunder is forgiven, in whole or in part, or at any time thereafter as
requested by the Company, Executive hereby authorizes withholding from payroll
and any other amounts payable to him, and otherwise agrees to make adequate
provision for any sums required to satisfy the federal, state, local and foreign
tax withholding obligations of the Company, which may arise in connection with
such forgiveness or cancellation. Executive acknowledges that, notwithstanding
any other provision of the Agreement, no obligations under the Promissory Note
shall be forgiven or canceled unless the tax withholding obligations of the
Company are satisfied.

     3. Parachute Payment. If due to the benefits provided under this Agreement,
Executive is subject to any excise tax due to characterization of any amounts
payable hereunder as excess parachute payments pursuant to Section 4999 of the
Internal Revenue Code of 1986, as amended (the "Code"), the Company agrees to
offer the Executive the option of (i) receiving the full parachute payment
subject to the excise tax, or (ii) receiving a reduced parachute payment that
would not be subject to the excise tax (which in some circumstances may maximize
the net benefit to Executive). Unless the Company and Executive otherwise agree
in writing, any calculation required under this Section 3 shall be made in
writing by independent public accountants agreed to by the Company and Executive
(the "Accountants"), whose calculation shall be conclusive and binding upon
Executive and the Company for all purposes. For purposes of calculating the
Executive's options under this Section 3 the Accountants may rely on reasonable,
good faith interpretations concerning the application of Sections 280G and 4999
of the Code. The Company and Executive shall furnish to the Accountants such
information and documents as the Accountants may reasonably request in order to
make a determination under this Section 3. The Company shall bear all costs the
Accountants may reasonably incur in connection with any calculations
contemplated by this Section 3.

     4. Arbitration. Any claim, dispute or controversy arising out of this
Agreement, the interpretation, validity or enforceability of this Agreement or
the alleged breach thereof shall be submitted by the parties to binding
arbitration by the American Arbitration Association in Santa Clara County,
California or elsewhere by mutual agreement. The selection of the arbitrator and
the arbitration procedure shall be governed by the Commercial Arbitration Rules
of the American Arbitration Association. All costs and expenses of arbitration
or litigation, including but not limited to attorneys fees and other costs
reasonably incurred by the Executive, shall be paid by the Company. Judgment may
be entered on the award of the arbitration in any court having jurisdiction.

                                        2
<PAGE>   3

     5. Interpretation. Executive and the Company agree that this Agreement
shall be interpreted in accordance with and governed by the laws of the State of
California, without regard to such state's conflict of laws rules.

     6. Conflict in Benefits. This Agreement and the Promissory Note shall
supersede all prior arrangements, whether written or oral, and understandings
regarding the Loan. This Agreement is not intended to and shall not affect,
limit or terminate the May 1998 Retention Agreement which is supplemented hereby
and which shall remain in full force and effect as supplemented hereby.
Notwithstanding any other provision in the May 1998 Agreement to the contrary,
the benefits payable under the May 1998 Agreement upon a Termination Upon Change
of Control shall NOT be reduced by any amount of the Loan which may be forgiven
upon a Termination Upon Change of Control. Moreover, this Agreement is not
intended to and shall not limit (i) any plans, programs, or arrangements of the
Company that are regularly made available to a significant number of employees
of the Company, (ii) the Company's 1998 Restricted Stock Plan, (iii) any
agreement or arrangement with the Executive that has been reduced to writing and
which does not relate to the subject matter hereof, (iv) any agreements or
arrangements hereafter entered into by the parties in writing, all of which
shall remain in full force and effect in accordance with the terms thereof. With
respect to the Loan, this Agreement and the Note are the entire agreement and no
other documents, understanding or discussion has been relied upon in entering
this Agreement or the Note or contain any term or condition of this Agreement or
Note.

     7. Successors and Assigns.

          (a) Successors of the Company. The Company will require any successor
or assign (whether direct or indirect, by purchase, merger, consolidation or
otherwise) to all or substantially all of the business and/or assets of the
Company, expressly, absolutely and unconditionally to assume and agree to
perform this Agreement in the same manner and to the same extent that the
Company would be required to perform it if no such succession or assignment had
taken place. Failure of the Company to obtain such agreement prior to the
effectiveness of any such succession transaction constitutes a material breach
of this Agreement by the Company. As used in this Agreement, "Company" shall
mean the Company as defined above and any successor or assign to its business
and/or assets as aforesaid which executes and delivers the agreement provided
for in this Section 7 or which otherwise becomes bound by all the terms and
provisions of this Agreement by operation of law.

          (b) Heirs of Executive. This Agreement shall inure to the benefit of
and be enforceable by the Executive's personal and legal representatives,
executors, administrators, successors, heirs, distributees, devisees and
legatees.

     8. Notices. For purposes of this Agreement, notices and all other
communications provided for in the Agreement shall be in writing and shall be
deemed to have been duly given when delivered or mailed by United States
registered mail, return receipt requested, postage prepaid, as follows:

                                       3
<PAGE>   4

        if to the Company:                 Maxtor Corporation
                                           2190 Miller Drive
                                           Longmont, Colorado 80501
                                           Attn: General Counsel

and if to the Executive at the address specified at the end of this Agreement.
Notice may also be given at such other address as either party may have
furnished to the other in writing in accordance herewith, except that notices of
change of address shall be effective only upon receipt.

     9. Validity. If any one or more of the provisions (or any part thereof) of
this Agreement shall be held invalid, illegal or unenforceable in any respect,
the validity, legality and enforceability of the remaining provisions (or any
part thereof) shall not in any way be affected or impaired thereby.

     10. Modification. This Agreement may only be modified or amended by a
supplemental written agreement signed by Executive and the Company. Executive
has had the opportunity to consult counsel of Executive's own choosing prior to
entering into this Agreement and Note.

     11. Ratification. The parties hereto ratify and reaffirm the May 1998
Agreement and the Promissory Note dated November 19, 1999, both of which are
incorporated herein by reference.

     IN WITNESS WHEREOF, the parties have executed this Agreement as of the date
and year written below.

                                       MAXTOR CORPORATION

Date:                                  By:
      ---------------------------         --------------------------------------
                                       Title:
                                             -----------------------------------

                                       EXECUTIVE:

Date:
      ---------------------------      -----------------------------------------

Address for Notice:

                                       -----------------------------------------

                                       -----------------------------------------

                                       4
<PAGE>   5

                                 PROMISSORY NOTE

$350,000.00                                                 Milpitas, California
                                                               November 19, 1999

The undersigned, ___________________ ("Borrower"), hereby unconditionally
promises to pay to the order of Maxtor Corporation, a Delaware corporation (the
"Lender"), the sum of Three Hundred Fifty Thousand Dollars ($350,000.00) plus
interest, in accordance with the terms of the Executive Retention Agreement by
and between Lender and Borrower effective November 19, 1999 (the "November 1999
Agreement").

The outstanding principal balance of this Note, together with all accrued and
unpaid interest hereon, shall be due and payable on November 18, 2002, or upon
termination for "Cause" or voluntary termination of employment for reasons other
than "Good Reason" as those terms are defined in the November 1999 Agreement.
Interest shall accrue on unpaid principal from the date hereof until maturity at
a rate of 5.57% compounded annually.

This Note may be prepaid, in whole or in part, at any time or from time to time,
without penalty or premium. Any prepayment of principal must be accompanied by
then accrued but unpaid interest. Interest shall cease to accrue on amounts of
principal so prepaid. Any prepayment of interest shall include all interest
accrued to the date of payment, but need not include any payment of principal.

All payments of principal or interest shall be made in lawful money of the
United States of America to the Lender at the offices of the Lender, or at such
other address as the Lender shall specify to Borrower in writing. Any payment
shall be deemed made upon receipt by Lender.

Upon payment in full of all principal and interest payable hereunder, this Note
shall be surrendered to Borrower for cancellation.

Borrower waives its rights to impose any defense (other than payment), set-off,
counterclaim or cross-claim in any action brought on this Note. Borrower waives
presentment, demand for performance, notice of performance, protest, notice of
protest, and notice of dishonor.

If the indebtedness represented by this Note or any part hereof is collected at
law or in equity or in bankruptcy, receivership or other judicial proceedings,
or if this Note is placed in the hands of attorneys for collection after
default, Borrower agrees to pay, in addition to the principal and interest
payable hereon, reasonable attorneys' and collection fees and costs.

                                       5
<PAGE>   6
This Note is being delivered in and shall be construed in accordance with the
laws of the State of California.

IN WITNESS WHEREOF, Borrower has executed this Note as of the day and year first
above written.

                                  ----------------------------------------------

                                       6<PAGE>   1

                                                                EXHIBIT 4.10.02

 SALEM COMMUNICATIONS HOLDING CORPORATION, a Delaware corporation, as Successor
                                     Issuer

                                ATEP RADIO, INC.,
                               BISON MEDIA, INC.,
                            CARON BROADCASTING, INC.,
                            CCM COMMUNICATIONS, INC.,
                        COMMON GROUND BROADCASTING, INC.,
                     GOLDEN GATE BROADCASTING COMPANY, INC.,
                               INLAND RADIO, INC.,
                            INSPIRATION MEDIA, INC.,
                     INSPIRATION MEDIA OF PENNSYLVANIA, LP,
                        INSPIRATION MEDIA OF TEXAS, LLC,
                              KINGDOM DIRECT, INC.,
                      NEW ENGLAND CONTINENTAL MEDIA, INC.,
                   NEW INSPIRATION BROADCASTING COMPANY, INC.,
                               OASIS RADIO, INC.,
                                 ONEPLACE, LLC,
                      PENNSYLVANIA MEDIA ASSOCIATES, INC.,
                                RADIO 1210, INC.,
                          REACH SATELLITE NETWORK, INC.
                            SALEM MEDIA CORPORATION,
                         SALEM MEDIA OF COLORADO, INC.,
                          SALEM MEDIA OF GEORGIA, INC.,
                          SALEM MEDIA OF HAWAII, INC.,
                          SALEM MEDIA OF ILLINOIS, LLC,
                         SALEM MEDIA OF KENTUCKY, INC.,
                          SALEM MEDIA OF NEW YORK, LLC,
                           SALEM MEDIA OF OHIO, INC.,
                          SALEM MEDIA OF OREGON, INC.,
                       SALEM MEDIA OF PENNSYLVANIA, INC.,
                           SALEM MEDIA OF TEXAS, INC.,
                         SALEM MEDIA OF VIRGINIA, INC.,
                           SALEM MUSIC NETWORK, INC.,
                        SALEM RADIO NETWORK INCORPORATED,
                          SALEM RADIO OPERATIONS, LLC,
                   SALEM RADIO OPERATIONS-PENNSYLVANIA, INC.,
                          SALEM RADIO PROPERTIES, INC.,
                       SALEM RADIO REPRESENTATIVES, INC.,
                         SOUTH TEXAS BROADCASTING, INC.,
                           SRN NEWS NETWORK, INC. and
                            VISTA BROADCASTING, INC.,
                                  as Guarantors
                                       and

                        THE BANK OF NEW YORK, as Trustee

                                   -----------

                          SUPPLEMENTAL INDENTURE NO. 3
                            Dated as of March 9, 2001

                                       to

                                    INDENTURE

                         Dated as of September 25, 1997

<PAGE>   2

        THIS SUPPLEMENTAL INDENTURE NO. 3, dated as of March 9, 2001 (this
"Supplemental Indenture No. 3"), is hereby entered into by and between SALEM
COMMUNICATIONS HOLDING CORPORATION, a Delaware corporation, (the "Successor
Issuer") as successor to Salem Communications Corporation, a Delaware
corporation (the "First Successor Issuer") and Salem Communications Corporation,
a California corporation (the "Initial Issuer"), the guarantors listed on the
signature pages hereto (collectively, the "Guarantors") and THE BANK OF NEW
YORK, a New York banking corporation, as indenture trustee (the "Trustee").

                                    RECITALS

        WHEREAS, the Initial Issuer, the guarantors named therein and the
Trustee have previously executed and delivered an Indenture, dated as of
September 25, 1997, providing for the issuance of 9.5% Senior Subordinated Notes
due 2007 in the aggregate principal amount of $150,000,000 (the "Indenture" and
together with the Supplemental Indenture No. 1, Supplemental Indenture No. 2 and
this Supplemental Indenture No. 3, the "Supplemented Indenture");

        WHEREAS, pursuant to an Agreement and Plan of Merger dated as of March
31, 1999, between the Initial Issuer and the First Successor Issuer, First
Successor Issuer was merged with and into the Initial Issuer (the "Merger"), the
First Successor Issuer being the surviving corporation;

        WHEREAS, the First Successor Issuer, the guarantors named therein and
the Trustee have executed and delivered a Supplemental Indenture No. 1, dated as
of March 31, 1999 (the "Supplemental Indenture No. 1"), providing for assumption
by the First Successor Issuer of the obligations of the Initial Issuer under the
Indenture and affirming the guarantors' obligations to guarantee the obligations
of the First Successor Issuer;

        WHEREAS, pursuant to an Assignment and Assumption Agreement dated as of
August 24, 2000 between the First Successor Issuer and the Successor Issuer,
First Successor Issuer assigned all of its assets (other than the common stock
of Successor Issuer and the common stock of Salem Communications Acquisition
Corporation, an Unrestricted Subsidiary) and liabilities to Successor Issuer and
Successor Issuer agreed to assume such assets and liabilities (the
"Assignment");

        WHEREAS, the Successor Issuer, the guarantors named therein and the
Trustee have executed and delivered a Supplemental Indenture No. 2, dated as of
August 24, 2000 (the "Supplemental Indenture No. 2"), providing for assumption
by the Successor Issuer of the obligations of the First Successor Issuer under
the Supplemental Indenture No. 1 and affirming the guarantors' obligations to
guarantee the obligations of the Successor Issuer;

        WHEREAS, Section 901 of the Supplemented Indenture provides, among other
things, that without the consent of any Holders, the Successor Issuer and the
guarantors, when authorized by a Board Resolution, and the Trustee, at any time
and from time to time, may enter into one or more supplemental indentures to
evidence the addition of a guarantor pursuant to the requirements of Section
1014 of the Supplemented Indenture.

<PAGE>   3

        WHEREAS, Salem Radio Operations, LLC is a newly formed Delaware limited
liability company and a wholly-owned subsidiary of Salem Media Corporation, a
Guarantor; Salem Media of Illinois, LLC and Salem Media of New York, LLC are
each a newly-formed Delaware limited liability company and each a subsidiary of
Salem Media Corporation, a Guarantor (99% interest), and Salem Radio Operations,
LLC (1% interest); and Salem Radio Operations-Pennsylvania, Inc. is a
newly-formed Delaware corporation and Inspiration Media of Pennsylvania, LP is a
newly-formed Delaware limited partnership and each is a direct or indirect
wholly-owned subsidiary of Salem Media of Pennsylvania, Inc., a Guarantor; and
it is desired that each of Salem Radio Operations, LLC; Salem Media of Illinois,
LLC; Salem Media of New York, LLC; Salem Radio Operations-Pennsylvania, Inc.;
and Inspiration Media of Pennsylvania, LP become a Guarantor under the
Supplemental Indenture (the "Guarantor Addition");

        WHEREAS, in accordance with Section 903 of the Supplemented Indenture,
the Successor Issuer has delivered to the Trustee an Officers' Certificate and
an Opinion of Counsel, each stating that the Guarantor Addition and this
Supplemental Indenture No. 3 comply with and are permitted by the Supplemented
Indenture and that all conditions precedent provided in the Supplemented
Indenture relating to Guarantor Addition and this Supplemental Indenture No. 3
to the Assignment have been complied with; and

        WHEREAS, the Board Resolution condition has been satisfied, as evidenced
by the unanimous written consents attached hereto as Exhibit A-1, Exhibit A-2,
Exhibit A-3 and Exhibit A-4;

        NOW, THEREFORE, each party hereto agrees as follows for the benefit of
the other party:

                                    ARTICLE I

                 RELATION TO SUPPLEMENTED INDENTURE; DEFINITIONS

        SECTION 1.01. This Supplemental Indenture No. 3 constitutes an integral
part of the Supplemented Indenture.

        SECTION 1.02. For all purposes of this Supplemental Indenture No. 3,
capitalized terms used herein without definition shall have the meanings
specified in the Supplemented Indenture.

                                   ARTICLE II

                            ASSUMPTION OF OBLIGATIONS

        SECTION 2.01. Each Guarantor named herein hereby expressly assumes all
of the obligations, covenants and duties of a Guarantor under the Guarantee and
the Supplemented Indenture, and, as hereby amended and supplemented, the
Supplemented Indenture shall remain in full force and effect.

        SECTION 2.02. Inspiration Media of Texas, Inc. and OnePlace, Ltd., each
guarantors under Supplemental Indenture No. 2, have been converted,
respectively, into Inspiration Media of Texas, LLC, a Texas limited

                                       2
<PAGE>   4

liability company, and OnePlace, LLC, a Delaware limited liability company.
Subsequent to their respective conversions, each of Inspiration Media of Texas,
LLC and OnePlace, LLC remain Guarantors.

                                   ARTICLE III

                                  MISCELLANEOUS

        SECTION 3.01. This Supplemental Indenture No. 3 shall be construed in
connection with and as a part of the Supplemented Indenture.

        SECTION 3.02. The headings herein are for convenience only and shall not
affect the construction thereof.

        SECTION 3.03. All covenants and agreements in this Supplemental
Indenture No. 3 by the Guarantors shall bind their respective successors and
assigns, whether so expressed or not. All agreements of the Trustee in this
Supplemental Indenture No. 3 shall bind its successors, co-indenture trustees,
if any, and agents.

        SECTION 3.04. In case any provision in this Supplemental Indenture No. 3
shall be invalid, illegal or unenforceable, the validity, legality and
enforceability of the remaining provisions shall not in any way be affected or
impaired thereby.

        SECTION 3.05. THIS SUPPLEMENTAL INDENTURE NO. 3 SHALL BE CONSTRUED IN
ACCORDANCE WITH THE LAWS OF THE STATE OF NEW YORK, WITHOUT REFERENCE TO ITS
CONFLICTS OF LAW PROVISIONS, AND THE OBLIGATIONS, RIGHTS AND REMEDIES OF THE
PARTIES HEREUNDER SHALL BE DETERMINED IN ACCORDANCE WITH SUCH LAWS.

        SECTION 3.06. This Supplemental Indenture No. 3 may be executed in any
number of counterparts, each of which so executed shall be deemed to be an
original, but all such counterparts shall together constitute but one and the
same instrument.

        SECTION 3.07. The Trustee makes no representation as to the validity or
sufficiency of this Supplemental Indenture No. 3.

                                       3
<PAGE>   5

        IN WITNESS WHEREOF, the parties hereto have caused this Supplemental
Indenture No. 3 to be duly executed by their respective officers hereunto duly
authorized, as of the day and year first above written.

                                     SALEM COMMUNICATIONS HOLDING CORPORATION,
                                     a Delaware corporation,
                                     as Successor Issuer

Attest: /s/ Jonathan L. Block        By: /s/ Edward G. Atsinger III
       -------------------------         --------------------------------------
        Jonathan L. Block                Edward G. Atsinger III
        Secretary                        President and Chief Executive Officer

                                    THE BANK OF NEW YORK,
                                    a New York banking corporation, as Trustee

                                    By: /s/ Stacey Poindexter
                                         --------------------------------------
                                        Name:  Stacey Poindexter
                                        Title:  Assistant Treasurer

                                       4
<PAGE>   6

                               ATEP RADIO, INC.
                               BISON MEDIA, INC.
                               CARON BROADCASTING, INC.
                               CCM COMMUNICATIONS, INC.
                               COMMON GROUND BROADCASTING, INC.
                               GOLDEN GATE BROADCASTING COMPANY, INC.
                               INLAND RADIO, INC.
                               INSPIRATION MEDIA, INC.
                               INSPIRATION MEDIA OF PENNSYLVANIA, LP
                               INSPIRATION MEDIA OF TEXAS, LLC
                               KINGDOM DIRECT, INC.
                               NEW ENGLAND CONTINENTAL MEDIA, INC.
                               NEW INSPIRATION BROADCASTING COMPANY, INC.
                               OASIS RADIO, INC.
                               ONEPLACE, LLC,
                               PENNSYLVANIA MEDIA ASSOCIATES, INC.
                               RADIO 1210, INC.
                               REACH SATELLITE NETWORK, INC.
                               SALEM MEDIA CORPORATION
                               SALEM MEDIA OF COLORADO, INC.
                               SALEM MEDIA OF GEORGIA, INC.
                               SALEM MEDIA OF HAWAII, INC.
                               SALEM MEDIA OF ILLINOIS, LLC,
                               SALEM MEDIA OF KENTUCKY, INC.
                               SALEM MEDIA OF NEW YORK, LLC
                               SALEM MEDIA OF OHIO, INC.
                               SALEM MEDIA OF OREGON, INC.
                               SALEM MEDIA OF PENNSYLVANIA, INC.
                               SALEM MEDIA OF TEXAS, INC.
                               SALEM MEDIA OF VIRGINIA, INC.
                               SALEM MUSIC NETWORK, INC.
                               SALEM RADIO NETWORK INCORPORATED
                               SALEM RADIO OPERATIONS, LLC
                               SALEM RADIO OPERATIONS-PENNSYLVANIA, INC.
                               SALEM RADIO PROPERTIES, INC.
                               SALEM RADIO REPRESENTATIVES, INC.
                               SOUTH TEXAS BROADCASTING, INC.
                               SRN NEWS NETWORK, INC.
                               VISTA BROADCASTING, INC.
                                 as Guarantors

Attest: /s/ Jonathan L. Block          By: /s/ Edward G. Atsinger III
        ------------------------           -------------------------------------
           Jonathan L. Block               Edward G. Atsinger III
           Secretary                       President and Chief Executive Officer

                                       5
<PAGE>   7

STATE OF CALIFORNIA  )
COUNTY OF VENTURA    )
CITY OF CAMARILLO    )

        On the 12th day of March, 2001, before me, Sharon B. Marshall, Notary
Public, personally came Edward G. Atsinger III and Jonathan L. Block, personally
known to me, to be the persons whose names are subscribed to the within
instrument as President and Chief Executive Officer and Secretary, respectively,
of Salem Communications Holding Corporation (DE), ATEP Radio, Inc., Bison Media,
Inc., Caron Broadcasting, Inc., CCM Communications, Inc., Common Ground
Broadcasting, Inc., Golden Gate Broadcasting Company, Inc., Inland Radio, Inc.,
Inspiration Media, Inc., Inspiration Media of Pennsylvania, LP, Inspiration
Media of Texas, LLC, Kingdom Direct, Inc., New England Continental Media, Inc.,
New Inspiration Broadcasting Company, Inc., Oasis Radio, Inc., OnePlace, LLC,
Pennsylvania Media Associates, Inc., Radio 1210, Inc., Reach Satellite Network,
Inc., Salem Media Corporation, Salem Media of Colorado, Inc., Salem Media of
Georgia, Inc., Salem Media of Hawaii, Inc., Salem Media of Illinois, LLC, Salem
Media of Kentucky, Inc., Salem Media of New York, LLC, Salem Media of Ohio,
Inc., Salem Media of Oregon, Inc., Salem Media of Pennsylvania, Inc., Salem
Media of Texas, Inc., Salem Media of Virginia, Inc., Salem Music Network, Inc.,
Salem Radio Network, Incorporated, Salem Radio Operations, LLC, Salem Radio
Operations-Pennsylvania, Inc., Salem Radio Properties, Inc., Salem Radio
Representatives, Inc., South Texas Broadcasting, Inc., SRN News Network, Inc.,
and Vista Broadcasting, Inc., the entities described in and which executed the
foregoing instrument; and that they signed their names thereto pursuant to
authority of the boards of directors of such corporations.

        WITNESS my hand and official seal.

[SEAL]                                            /s/ Sharon B. Marshall
                                         --------------------------------------
                                                       Notary Public

                                       6
<PAGE>   8

                                   EXHIBIT A-1

                            BOARD RESOLUTIONS OF SCHC

<PAGE>   9

                     ACTION BY UNANIMOUS WRITTEN CONSENT OF
                             THE BOARD OF DIRECTORS
                   OF SALEM COMMUNICATIONS HOLDING CORPORATION

        The undersigned, constituting all of the members of the Board of
Directors of Salem Communications Holding Corporation, a Delaware corporation
(the "Corporation"), pursuant to Section 141(f) of the Delaware General
Corporation Law, hereby consent to the adoption of the following resolutions, in
lieu of holding a special meeting of the Board of Directors of the Corporation,
effective as of March 9, 2001.

                    APPROVAL OF SUPPLEMENTAL INDENTURE NO. 3

        WHEREAS, by separate resolutions of even date herewith, the Board of
Directors of the Corporation (the "Board"), the Board of Directors of Salem
Media Corporation, a New York corporation ("SMC") and the Board of Directors of
Salem Media of Pennsylvania, Inc. ("SMP") have carefully considered and approved
the terms of certain written contribution agreements dated as of March 9, 2001
(the "Contribution Agreements") for the partial reorganization of the
Corporation's subsidiaries;

        WHEREAS, pursuant to the Contribution Agreements, (a) the Corporation
will contribute to SMC all of the capital stock of the Corporation's
subsidiaries Inspiration Media of Texas, Inc., a Texas corporation ("IMT"), and
OnePlace, Ltd., a Delaware corporation ("OP"); (b) SMC will contribute its
assets and liabilities to three newly-formed subsidiaries of SMC, Salem Media of
Illinois, LLC, a Delaware limited liability company ("SMI LLC"), Salem Media of
New York, LLC, a Delaware limited liability company ("SMNY LLC"), and Salem
Radio Operations, LLC, a Delaware limited liability company ("SRO LLC"); (c) SMP
will contribute its assets and liabilities to two newly-formed subsidiaries of
SMP, Salem Radio Operations-Pennsylvania, Inc., a Delaware corporation
("SRO-P"), and Inspiration Media of Pennsylvania, LP, a Delaware limited
partnership ("IMP"); (d) Inspiration Media of Texas, Inc. will be converted by
operation of law into Inspiration Media of Texas, LLC ("IMT LLC"), a Texas
limited liability company; and (e) OnePlace, Ltd. will be converted by operation
of law into OnePlace, LLC, a Delaware limited liability company ("OP LLC");

        WHEREAS, the consummation of the transactions contemplated by the
Contribution Agreements, requires the consent of the parties to the Credit
Agreement, dated September 25, 1997, by and among the Corporation's predecessor
corporation, Salem Communications Corporation, a California corporation, The
Bank of New York as Administrative Agent, Bank of America NT&SA as Documentation
Agent and other Lenders party thereto with BNY Capital Markets, Inc. as
Arranger, as amended and restated (the "Credit Agreement") and the guaranty of
the Corporation's obligations under the Credit Agreement by newly-formed
indirect subsidiaries of the Corporation, SMI LLC, SMNY LLC, SRO-P, IMP and SRO
LLC (the "Subsidiary Guarantys"), which guarantys of the Credit Agreement have
been approved by the Board by separate resolutions of even date herewith;

        WHEREAS, the consummation of the Subsidiary Guarantys requires a
Supplemental Indenture No. 3 (the "Supplemental Indenture No. 3"), as required
by the terms of the Indenture,

                                       8
<PAGE>   10

dated as of September 25, 1997, by and among Salem Communications Corporation, a
California corporation, as issuer, the guarantors named therein as guarantors,
and The Bank of New York, as Trustee (the "Trustee"), as supplemented by
Supplemental Indenture No. 1, dated as of March 31, 1999, by and among Salem
Communications Corporation, a Delaware corporation as successor issuer, the
guarantors named therein as guarantors, and the Trustee, as supplemented by
Supplemental Indenture No. 2, dated as of August 24, 2000, by and among the
Corporation as successor issuer, the guarantors named therein as guarantors, and
the Trustee (the "Indenture"), it is desired that Supplemental Indenture No. 3
be authorized to provide for the assumption of the obligations, covenants and
duties of a guarantor under the Indenture by each of SMI LLC, SMNY LLC, SRO LLC,
SRO-P and IMP and the confirmation of the remaining guarantors' guarantee under
the Indenture (the "Guarantor Addition");

        WHEREAS, the conversion of IMT into IMT LLC and the conversion of OP
into OP LLC results in a change of name of those guarantors of the Indenture,
such renamed converted entities IMT LLC and OP LLC remain guarantors under the
Indenture; and

        WHEREAS, the Board has determined that it is in the best interests of
the Corporation to proceed with execution and implementation of the Supplemental
Indenture No. 3;

        NOW THEREFORE, BE IT RESOLVED, that the form, terms and provisions of
the Supplemental Indenture No. 3, in substantially the form presented to and
reviewed by the Board and attached as Exhibit A, and each of the transactions
contemplated thereby, and the performance by the Corporation of all of its
obligations pursuant thereto, be, and they hereby are, in all respects,
authorized and approved;

        FURTHER RESOLVED that Edward G. Atsinger III in his capacity as
President, Eileen E. Hill in her capacity as Vice President, and Jonathan L.
Block in his capacity as Secretary of the Corporation be, and each of them
acting alone hereby is, authorized and empowered to execute and deliver or cause
to be executed and delivered, in the name and on behalf of the Corporation, the
Supplemental Indenture No. 3 on the terms and conditions presented to the Board,
with such changes and modifications thereto as may be approved by the officer or
officers executing the same, such approval to be conclusively evidenced by his
or their execution and delivery thereof; and

        FURTHER RESOLVED, that the foregoing officers of the Corporation be, and
each of them acting alone hereby is authorized, empowered and directed to pay or
cause to be paid all fees and expenses, to do or cause to be done all such acts
or things and to make, file, execute, seal or deliver, or caused to be made,
filed, executed, sealed or delivered, all such agreements, documents,
instruments, payments, applications and certificates in the name of and on
behalf of the Corporation and under its corporation seal or otherwise as such,
in his discretion, may deem necessary or advisable to carry out and perform the
Supplemental Indenture No. 3 and to consummate any and all of the transactions
contemplated by such documents.

                                       9
<PAGE>   11

                     GENERAL RATIFICATION AND AUTHORIZATION

        RESOLVED, that the officers of the Corporation be, and each of them
hereby is, authorized to take any other action and execute and deliver any other
agreements, documents and instruments, including powers of attorney, as any of
the officers deem necessary or appropriate to carry out the purpose and intent
of the foregoing resolutions; and

        RESOLVED FURTHER, that any action of the Board, the officers of the
Corporation in furtherance of the purposes of the foregoing resolutions, whether
taken before or after the adoption or effectiveness of these resolutions, are
hereby approved, confirmed, ratified and adopted.

                                       10
<PAGE>   12

        IN WITNESS WHEREOF, this unanimous written consent has been executed by
each of the Directors of the Corporation as of the date first written above.

                                               /s/ Edward G. Atsinger III
                                         --------------------------------------
                                         Edward G. Atsinger III

                                                  /s/ Jonathan L. Block
                                         --------------------------------------
                                         Jonathan L. Block

                                     A-1-1

<PAGE>   13

                                   EXHIBIT A-2

                    BOARD RESOLUTIONS OF CORPORATE GUARANTORS

                                     A-2-1

<PAGE>   14

                     ACTION BY UNANIMOUS WRITTEN CONSENT OF
                             THE BOARD OF DIRECTORS

        The undersigned, constituting all of the members of the Board of
Directors (the "Board") of the following corporations ("Corporation"), hereby
take the following actions by written consent:

<TABLE>
<S>                                                       <C>
ATEP Radio, Inc.                                           Salem Media of Georgia, Inc.

Bison Media, Inc.                                          Salem Media of Hawaii, Inc.

Caron Broadcasting, Inc.                                   Salem Media of Kentucky, Inc.

CCM Communications, Inc.                                   Salem Media of Ohio, Inc.

Common Ground Broadcasting, Inc.                           Salem Media of Oregon, Inc.

Golden Gate Broadcasting Co., Inc.                         Salem Media of Pennsylvania, Inc.

Inland Radio, Inc.                                         Salem Media of Texas, Inc.

Inspiration Media, Inc.                                    Salem Media of Virginia, Inc.

Kingdom Direct, Inc.                                       Salem Music Network, Inc.

New England Continental Media, Inc.                        Salem Radio Network Incorporated

New Inspiration Broadcasting Co., Inc.                     Salem Radio Operations-Pennsylvania, Inc.

Oasis Radio, Inc.                                          Salem Radio Properties, Inc.

Pennsylvania Media Associates, Inc.                        Salem Radio Representatives, Inc.

Radio 1210, Inc.                                           South Texas Broadcasting, Inc.

Reach Satellite Network, Inc.                              SRN News Network, Inc.

Salem Media Corporation                                    Vista Broadcasting, Inc.

Salem Media of Colorado, Inc.
</TABLE>

        WHEREAS, by separate resolutions of even date herewith, the Board of
Directors of Salem Communications Holding Corporation, a Delaware corporation
("SCHC") has carefully considered and approved the terms of the Supplemental
Indenture No. 3 (the "Supplemental Indenture No. 3"), the form of which is
attached hereto as Exhibit A, as required by the terms of the Indenture, dated
as of September 25, 1997, by and among Salem Communications Corporation, a
California corporation, as issuer, the guarantors named therein as guarantors,
and The Bank of New York, as Trustee (the "Trustee"), as supplemented by
Supplemental Indenture No. 1, dated as of March 31, 1999, by and among Salem
Communications Holding Corporation, a Delaware corporation, as successor issuer,
the guarantors named therein as guarantors, and the Trustee, as supplemented by
Supplemental Indenture No. 2 dated as of August 24, 2000, among SCHC, as
successor issuer, the guarantors named therein as guarantors and the Trustee
(the "Indenture"), to provide, inter alia, for the assumption of the
obligations, covenants and duties of a guarantor under the Indenture by each of
Salem Media of Illinois, LLC, a Delaware limited liability company, Salem Media
of New York, LLC, a Delaware limited liability company, Salem Radio Operations,
LLC, a Delaware limited liability company, Salem Radio Operations-

                                     A-2-2
<PAGE>   15

Pennsylvania, Inc., a Delaware corporation, and Inspiration Media of
Pennsylvania, LP, a Delaware limited partnership; and the confirmation of the
remaining guarantors' guarantee under the Indenture; and

        WHEREAS, the Board has determined that it is in the best interests of
the Corporation to proceed with execution and implementation of the Supplemental
Indenture No. 3 whereby Salem Media of Illinois, LLC, Salem Media of New York,
LLC, Salem Radio Operations, LLC, Salem Radio Operations-Pennsylvania, Inc. and
Inspiration Media of Pennsylvania, LP will become guarantors under the
Indenture;

        NOW THEREFORE, BE IT RESOLVED, that the form, terms and provisions of
the Supplemental Indenture No. 3, in substantially the form presented to and
reviewed by the Board and attached as Exhibit A, and each of the transactions
contemplated thereby, and the performance by the Corporation of all of its
obligations pursuant thereto, be, and they hereby are, in all respects,
authorized and approved;

        FURTHER RESOLVED that Edward G. Atsinger III in his capacity as
President, Eileen E. Hill in her capacity as Vice President, and Jonathan L.
Block in his capacity as Secretary of the Corporation be, and each of them
acting alone hereby is, authorized and empowered to execute and deliver or cause
to be executed and delivered, in the name and on behalf of the Corporation, the
Supplemental Indenture No. 3 on the terms and conditions presented to the Board,
with such changes and modifications thereto as may be approved by the officer or
officers executing the same, such approval to be conclusively evidenced by his
or their execution and delivery thereof; and

        FURTHER RESOLVED, that the foregoing officers of the Corporation be, and
each of them acting alone hereby is authorized, empowered and directed to pay or
cause to be paid all fees and expenses, to do or cause to be done all such acts
or things and to make, file, execute, seal or deliver, or caused to be made,
filed, executed, sealed or delivered, all such agreements, documents,
instruments, payments, applications and certificates in the name of and on
behalf of the Corporation and under its corporation seal or otherwise as such,
in his discretion, may deem necessary or advisable to carry out and perform the
Supplemental Indenture No. 3 and to consummate any and all of the transactions
contemplated by such documents.

                     GENERAL RATIFICATION AND AUTHORIZATION

        RESOLVED, that the officers of the Corporation be, and each of them
hereby is, authorized to take any other action and execute and deliver any other
agreements, documents and instruments, including powers of attorney, as any of
the officers deem necessary or appropriate to carry out the purpose and intent
of the foregoing resolutions; and

        RESOLVED FURTHER, that any action of the Board, the officers of the
Corporation in furtherance of the purposes of the foregoing resolutions, whether
taken before or after the adoption or effectiveness of these resolutions, are
hereby approved, confirmed, ratified and adopted.

                                     A-2-3
<PAGE>   16

        IN WITNESS WHEREOF, this unanimous written consent has been executed by
each of the Directors of the Corporation as of the 9th day of March, 2001.

                                               /s/ Edward G. Atsinger III
                                         --------------------------------------
                                         Edward G. Atsinger III

                                                  /s/ Jonathan L. Block
                                         --------------------------------------
                                         Jonathan L. Block

                                     A-2-4
<PAGE>   17

                                   EXHIBIT A-3

                    MANAGEMENT RESOLUTIONS OF LLC GUARANTORS

                                     A-3-1
<PAGE>   18

                          ACTION BY WRITTEN CONSENT OF
                                 THE MANAGER OF
                                 ONEPLACE, LLC,
                        INSPIRATION MEDIA OF TEXAS, LLC,
                          SALEM MEDIA OF NEW YORK, LLC,
                        SALEM MEDIA OF ILLINOIS, LLC, AND
                           SALEM RADIO OPERATIONS, LLC

        The undersigned, as Manager of OnePlace, LLC, a Delaware limited
liability company ("OP LLC"), Inspiration Media of Texas, LLC, a Texas limited
liability company ("IMT LLC"), Salem Media of New York, LLC, a Delaware limited
liability company ("SMNY LLC"), Salem Media of Illinois, LLC, a Delaware limited
liability company ("SMI LLC") and Salem Radio Operations, LLC, a Delaware
limited liability company ("SRO LLC" and together, the "New LLCs"), hereby takes
the following actions by written consent:

        WHEREAS, by separate resolutions of even date herewith, the Board of
Directors of Salem Communications Holding Corporation, a Delaware corporation
("SCHC") has carefully considered and approved the terms of the Supplemental
Indenture No. 3 (the "Supplemental Indenture No. 3"), the form of which is
attached hereto as Exhibit A, as required by the terms of the Indenture, dated
as of September 25, 1997, by and among Salem Communications Corporation, a
California corporation, as issuer, the guarantors named therein as guarantors,
and The Bank of New York, as Trustee (the "Trustee"), as supplemented by
Supplemental Indenture No. 1, dated as of March 31, 1999, by and among Salem
Communications Holding Corporation, a Delaware corporation, as successor issuer,
the guarantors named therein as guarantors, and the Trustee, as supplemented by
Supplemental Indenture No. 2 dated as of August 24, 2000, among SCHC, as
successor issuer, the guarantors named therein as guarantors and the Trustee
(the "Indenture"), to provide, inter alia, for the assumption of the
obligations, covenants and duties of a guarantor under the Indenture by each of
SMI LLC, SMNY LLC, SRO LLC, Salem Radio Operations-Pennsylvania, Inc., a
Delaware corporation, and Inspiration Media of Pennsylvania, LP, a Delaware
limited partnership;

        WHEREAS, Inspiration Media of Texas, Inc., a Texas corporation, and
OnePlace, Ltd., a Delaware corporation, each guarantors under Supplemental
Indenture No. 2, have been converted, respectively, into IMT LLC and OP LLC;
subsequent to their respective conversions, IMT LLC and OP LLC remain guarantors
under Supplemental Indenture No. 3;

        WHEREAS, the Manager has determined that it is in the best interests of
the New LLCs to proceed with execution and implementation of the Supplemental
Indenture No. 3 whereby SMI LLC, SMNY LLC and SRO LLC will become guarantors and
IMT LLC and OP LLC will remain guarantors under the Indenture;

        NOW THEREFORE, BE IT RESOLVED, that pursuant to the Delaware Limited
Liability Company Act as to OP LLC, SMNY LLC, SMI LLC and SRO LLC and the Texas
Limited Liability Company Act as to IMT LLC, and pursuant to the operating
agreements of each of the New LLCs, the undersigned, as Manager of the New LLCs,
hereby consents to, approves and adopts the following:

                                     A-3-2
<PAGE>   19

        RESOLVED that the form, terms and provisions of the Supplemental
Indenture No. 3, in substantially the form presented to and reviewed by the
undersigned, in his capacity as Manager of the New LLCs, and attached as Exhibit
A, and each of the transactions contemplated thereby, and the performance by the
New LLCs of all of their obligations pursuant thereto, be, and they hereby are,
in all respects, authorized and approved by the undersigned, in his capacity as
Manager of the New LLCs;

        RESOLVED that the Manager is authorized and empowered to execute and
deliver or cause to be executed and delivered, in the name and on behalf of the
New LLCs, the Supplemental Indenture No. 3 on the terms and conditions presented
to the Manager, with such changes and modifications thereto as may be approved
by the Manager, such approval to be conclusively evidenced by his execution and
delivery thereof; and

        RESOLVED, that the Manager is authorized, empowered and directed to pay
or cause to be paid all fees and expenses, to do or cause to be done all such
acts or things and to make, file, execute, seal or deliver, or caused to be
made, filed, executed, sealed or delivered, all such agreements, documents,
instruments, payments, applications and certificates in the name of and on
behalf of the New LLCs or otherwise as such, in his discretion, may deem
necessary or advisable to carry out and perform the Supplemental Indenture No. 3
and to consummate any and all of the transactions contemplated by such
documents.

                     GENERAL RATIFICATION AND AUTHORIZATION

        RESOLVED, that the Manager is, authorized to take any other action and
execute and deliver any other agreements, documents and instruments, including
powers of attorney, as he deems necessary or appropriate to carry out the
purpose and intent of the foregoing resolutions; and

        RESOLVED FURTHER, that any action of the Manager, in furtherance of the
purposes of the foregoing resolutions, whether taken before or after the
adoption or effectiveness of these resolutions, are hereby approved, confirmed,
ratified and adopted.

                                     A-3-3
<PAGE>   20

        IN WITNESS WHEREOF, this written consent has been executed by the
undersigned, as Manager of the New LLCs, as of the 9th day of March, 2001.

                                     MANAGER

                                     SALEM MEDIA CORPORATION,
                                     a New York corporation

                                     By:    /s/ Jonathan L. Block
                                         --------------------------------------
                                           Jonathan L. Block
                                           Vice President

                                     A-3-4
<PAGE>   21

                                   EXHIBIT A-4

                   GENERAL PARTNER RESOLUTIONS OF LP GUARANTOR

                                     A-4-1
<PAGE>   22

                     ACTION BY UNANIMOUS WRITTEN CONSENT OF
                            THE BOARD OF DIRECTORS OF
                    SALEM RADIO OPERATIONS-PENNSYLVANIA, INC.

        The undersigned, constituting all of the members of the Board of
Directors (the "Board") of Salem Radio Operations-Pennsylvania, Inc., a Delaware
corporation (the "Corporation"), hereby takes the following actions by written
consent in accordance with the authority contained in Section 141(f) of the
General Corporation Law of the State of Delaware:

        WHEREAS, the Corporation is the sole general partner of Inspiration
Media of Pennsylvania, LP, a Delaware limited partnership ("IMP LP");

        WHEREAS, by separate resolutions of even date herewith, the Board of
Directors of Salem Communications Holding Corporation, a Delaware corporation
("SCHC") has carefully considered and approved the terms of the Supplemental
Indenture No. 3 (the "Supplemental Indenture No. 3"), the form of which is
attached hereto as Exhibit A, as required by the terms of the Indenture, dated
as of September 25, 1997, by and among Salem Communications Corporation, a
California corporation, as issuer, the guarantors named therein as guarantors,
and The Bank of New York, as Trustee (the "Trustee"), as supplemented by
Supplemental Indenture No. 1, dated as of March 31, 1999, by and among Salem
Communications Holding Corporation, a Delaware corporation, as successor issuer,
the guarantors named therein as guarantors, and the Trustee, as supplemented by
Supplemental Indenture No. 2 dated as of August 24, 2000, among SCHC, as
successor issuer, the guarantors named therein as guarantors and the Trustee
(the "Indenture"), to provide, inter alia, for the assumption of the
obligations, covenants and duties of a guarantor under the Indenture by each of
Salem Media of Illinois, LLC, a Delaware limited liability company, Salem Media
of New York, LLC, a Delaware limited liability company, Salem Radio Operations,
LLC, a Delaware limited liability company, Salem Radio Operations-Pennsylvania,
Inc., a Delaware corporation, and IMP LP; and the confirmation of the remaining
guarantors' guarantee under the Indenture; and

        WHEREAS, the Board has determined that it is in the best interests of
the Corporation, in its capacity as sole general partner of IMP LP, to proceed
with the execution and implementation of the Supplemental Indenture No. 3
whereby IMP LP will become a guarantor under the Indenture;

        NOW THEREFORE, BE IT RESOLVED, that pursuant to the IMP LP partnership
agreement and Delaware Revised Uniform Limited Partnership Act, the Board of the
Corporation, in its capacity as sole general partner of IMP LP, hereby consents
to, approves and adopts the following:

        RESOLVED that the form, terms and provisions of the Supplemental
Indenture No. 3, in substantially the form presented to and reviewed by the
Board, in its capacity as sole general partner of IMP LP, and attached as
Exhibit A, and each of the transactions contemplated thereby, and the
performance by IMP LP of all of its obligations pursuant thereto, be, and they
hereby are, in all respects, authorized and approved by the Board, in its
capacity as sole general partner of IMP LP;

                                     A-4-2
<PAGE>   23

        RESOLVED that Edward G. Atsinger III in his capacity as President and
Jonathan L. Block in his capacity as Secretary of the Corporation, in its
capacity as sole general partner of IMP LP, be, and each of them acting alone
hereby is, authorized and empowered to execute and deliver or cause to be
executed and delivered, in the name and on behalf of IMP LP, the Supplemental
Indenture No. 3 on the terms and conditions presented to the Board, as the
general partner of IMP LP, with such changes and modifications thereto as may be
approved by the officer or officers, acting in the capacity as sole general
partner of IMP LP, executing the same, such approval to be conclusively
evidenced by his or their execution and delivery thereof; and

        FURTHER RESOLVED, that the foregoing officers of the Corporation, acting
in the capacity as sole general partner of IMP LP, be, and each of them acting
alone hereby is authorized, empowered and directed to pay or cause to be paid
all fees and expenses, to do or cause to be done all such acts or things and to
make, file, execute, seal or deliver, or caused to be made, filed, executed,
sealed or delivered, all such agreements, documents, instruments, payments,
applications and certificates in the name of and on behalf of IMP LP or
otherwise as such, in his discretion, may deem necessary or advisable to carry
out and perform the Supplemental Indenture No. 3 and to consummate any and all
of the transactions contemplated by such documents.

                     GENERAL RATIFICATION AND AUTHORIZATION

        RESOLVED, that the officers of the Corporation, acting in its capacity
as sole general partner of IMP LP, be, and each of them hereby is, authorized to
take any other action and execute and deliver any other agreements, documents
and instruments, including powers of attorney, as any of the officers deem
necessary or appropriate to carry out the purpose and intent of the foregoing
resolutions; and

        RESOLVED FURTHER, that any action of the Board or officers of the
Corporation, acting in its capacity as sole general partner of IMP LP, in
furtherance of the purposes of the foregoing resolutions, whether taken before
or after the adoption or effectiveness of these resolutions, are hereby
approved, confirmed, ratified and adopted.

                                     A-4-3
<PAGE>   24

        IN WITNESS WHEREOF, this unanimous written consent has been executed by
each of the Directors of the Corporation as of the 9th day of March, 2001.

                                               /s/ Edward G. Atsinger III
                                         --------------------------------------
                                         Edward G. Atsinger III

                                                  /s/ Jonathan L. Block
                                         --------------------------------------
                                         Jonathan L. Block

                                      A-4-4

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00025-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00025-of-00352.parquet"}]]