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                                                                    Exhibit 10.1

                                    EXHIBIT D
                         STOCK TRANSFER RESTRICTION AND
                          REGISTRATION RIGHTS AGREEMENT

                                ________ __, 2006

     THIS STOCK TRANSFER RESTRICTION AND REGISTRATION RIGHTS AGREEMENT (this
"Agreement"), dated as of ________ __, 2006, is by and among (1) Clear Channel
Outdoor Holdings, Inc., a Delaware corporation (the "Company"), (2) Mark T.
Lieberman, Deborah S. Lieberman, The Trust (Living) of Marianne Lieberman and
The Trust (Living) of Carolyn M. Grant (collectively, the "Principal
Stockholders"), and (3) Molly A. Lieberman, Karen Lieberman-Daly, Richard Frick
and the Lieberman Business Trust (collectively, and together with the Principal
Stockholders, the "Stockholders"). Reference is made to that certain Stock
Purchase Agreement, dated as of May 20, 2006 (the "Stock Purchase Agreement"),
by and among the Company, Clear Channel Outdoor, Inc., a Delaware corporation
and wholly-owned subsidiary of the Company (the "Buyer"), In-ter-space Services
Inc., a Pennsylvania corporation ("ISI"), and the Stockholders (in their
capacity as the holders of all of the capital stock of ISI). All capitalized
terms used but not defined in this Agreement will have the respective meanings
ascribed thereto in the Stock Purchase Agreement.

                                   WITNESSETH

     WHEREAS, this is the Stock Transfer Restriction and Registration Rights
Agreement referred to in the Stock Purchase Agreement; and

     WHEREAS, pursuant to the Stock Purchase Agreement, the Buyer will acquire
all of the outstanding shares of ISI from the Stockholders; and

     WHEREAS, the purchase price Buyer shall pay to the Stockholders for their
shares of ISI shall consist of cash and shares of CCO Common; and

     WHEREAS, the Stockholders' agreement to certain restrictions on their
subsequent transfer of shares of CCO Common, and the grant by the Company to the
Stockholders of certain registration rights, all as more fully set forth in this
Agreement, are material inducements to the Company and the Stockholders to enter
into the Stock Purchase Agreement and consummate the transactions contemplated
thereby;

     WHEREAS, the execution and delivery of this Agreement is a condition
precedent to the Company's and the Stockholders' obligations, respectively, to
consummate the Stock Purchase Agreement and transactions contemplated thereby;

     NOW, THEREFORE, in consideration of the foregoing and mutual covenants and
agreements hereinafter set forth, and for other consideration, the receipt and
sufficiency of which are hereby acknowledged, the parties to this Agreement
hereby agree as follows:

      STOCK TRANSFER RESTRICTION AND REGISTRATION RIGHTS AGREEMENT - PAGE 1

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                                   ARTICLE I.
               RESTRICTIONS ON TRANSFER OF RESTRICTED SECURITIES.

     1.1. Certain Definitions. For purposes of this Agreement,

          (a) "Affiliate" means, with respect to a specified person or entity,
     any other person or entity that, directly or indirectly, through one or
     more intermediaries, controls, or is controlled by or is under common
     control with, the specified person or entity. For the purposes of this
     definition, "control" (including with correlative meanings, the terms
     "controlling," "controlled by" and "under common control with"), as used
     with respect to any entity, means the possession, directly or indirectly,
     of the power to direct or cause the direction of the management or policies
     of such entity, whether through the ownership of voting securities, by
     agreement or otherwise.

          (b) "Permitted Transfer" means any of the following Transfers in which
     the transferee executes and delivers to the Company a counterpart signature
     page to this Agreement, agreeing that such transferee and the Restricted
     Securities Transferred to such transferee will be bound by all of the terms
     and conditions of this Agreement: (i) a Transfer by a Stockholder that is a
     natural person, without consideration and for bona fide estate planning
     purposes, to the spouse of such Stockholder, to a natural or adoptive child
     of such Stockholder or to a trust established for the benefit of such
     spouse and/or children, or (ii) a Transfer by a Stockholder that is not a
     natural person to any Affiliate of such Stockholder or to any beneficiary,
     officer, director, partner, member or retired partner or member of such
     Stockholder or its Affiliates (collectively, "Related Parties").

          (c) "Restricted Securities" means (i) all shares of CCO Common issued,
     or to be issued in the future, to the Stockholders pursuant to the Stock
     Purchase Agreement, including without limitation, any shares of CCO Common
     that are or were Holdback Shares and any shares of CCO Common that
     constitute a portion of any Earnout Amount payable thereunder and (ii) any
     equity securities of the Company (and any other securities of the Company
     that are, or may be with the passage of time or the occurrence of one or
     more events, convertible into equity securities of the Company), issued in
     respect of the shares described in clause (i), including without
     limitation, pursuant to any stock dividend, stock split or recapitalization
     of the Company.

          (d) "Transfer" means any sale, assignment, grant of option to purchase
     (but only to the extent an optionee's exercise of such option on the first
     date on which it becomes exercisable would otherwise be a Transfer
     hereunder), pledge, hypothecation, transfer or other disposition or
     encumbrance of any Restricted Security, or any beneficial interest therein,
     or the entry into any binding contract, agreement or arrangement providing
     for any of the foregoing.

     1.2. Restrictions on Transfer.

          (a) Restrictions Applicable to All Stockholders. No Stockholder may
     voluntarily Transfer any Restricted Security unless (i) the requirements of
     Article II have been satisfied in full and (ii) the Transfer is either (A)
     a Permitted Transfer or (B) a bona

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     fide Transfer, in which the consideration is payable solely in cash or cash
     equivalents, to a third party following full compliance with the
     requirements of Section 1.3.

          (b) Restrictions Applicable to Only Principal Stockholders.

               (i) One Year Restriction. No Principal Stockholder may
          voluntarily Transfer any Restricted Security (other than pursuant to a
          Permitted Transfer) prior to the one-year anniversary of this
          Agreement.

               (ii) Two Year Restriction. No Principal Stockholder may
          voluntarily Transfer any Restricted Security (other than pursuant to a
          Permitted Transfer) prior to the two-year anniversary of this
          Agreement, other than the Transfer after the one-year anniversary of
          this Agreement of a number of shares of CCO Common that, together with
          all other such Transfers by such Principal Stockholder, does not
          exceed 50% of the aggregate number of shares of CCO Common issued to
          such Stockholder on or before the date of such Transfer pursuant to
          the Stock Purchase Agreement, including without limitation, any shares
          of CCO Common that are or were Holdback Shares and any shares of CCO
          Common that constitute a portion of any Earnout Amount payable
          thereunder.

          (c) Non-Compliant Transfers Void. Any voluntary Transfer of Restricted
     Securities that is not made in full compliance with the requirements of
     this Section 1.2 will be null and void, and the Company (and any transfer
     agent for the securities of the Company) will refuse to recognize such
     attempted Transfer and to reflect on its records any change in record
     ownership of Restricted Securities pursuant to such attempted Transfer.

          (d) Hedging Permitted. Notwithstanding anything to the contrary
     herein, the Stockholders shall be permitted to engage, directly or
     indirectly, in any zero cost collar or similar type of collar hedging
     transactions, in accordance with applicable securities laws. Stockholders
     shall not be permitted to engage in any "short sales" (as defined in Rule
     200 of Regulation SHO promulgated under the Securities Exchange Act of
     1934, as amended (the "Exchange Act")); provided, however, that any "short
     sales" engaged in by a brokerage firm solely in connection with
     establishing the above referenced collars shall be permitted.

     1.3. Rights of First Refusal.

          (a) Sale Notice. Whenever and as often as any Stockholder desires to
     sell any Restricted Securities in reliance on Section 1.2(a)(ii)(B), such
     Stockholder (the "Selling Holder") must give the Company a notice to such
     effect (the "Sale Notice"), setting forth (i) the number of Restricted
     Securities that the Selling Holder desires to sell (the "Offered
     Securities"), (ii) the name of the person to whom the Selling Holder
     desires to make such sale (the "Transferee") or that the Selling Holder
     desires to effect an open market sale of the Offered Securities and (iii)
     the other material terms and conditions of such sale, if any.

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          (b) Company's Right to Purchase.

               (i) Right to Purchase. Upon receipt of a Sale Notice, the Company
          will have the right and option (but not the obligation) to purchase
          all or any portion of the Offered Securities at the Market Price (as
          defined in Section 1.3(b)(iii)). The Company will be entitled to
          exercise this right at any time before 5:00 pm Central Time on the
          next Trading Day (as defined hereafter) immediately following the day
          on which the Company receives the Sale Notice (the "Company Exercise
          Period"). A "Trading Day" is any day on which the New York Stock
          Exchange is open for trading for at least four hours (excluding any
          period of time during which trading of CCO Common on the New York
          Stock Exchange is suspended or halted).

               (ii) Manner of Exercise. To exercise such purchase right, the
          Company must give a notice of exercise (a "Company Exercise Notice")
          to the Selling Holder during the Company Exercise Period. The Company
          Exercise Notice must set forth the number of Offered Securities that
          the Company is willing to purchase and must contain the Company's
          irrevocable offer to purchase such Offered Securities in accordance
          with Section 1.3(c). Failure of the Company to deliver a valid Company
          Exercise Notice during the Company Exercise Period will be deemed a
          waiver of the Company's purchase right for the proposed transaction
          described in the Sale Notice.

               (iii) Market Price. The "Market Price" will be the greater of (A)
          the closing price of the CCO Common on the New York Stock Exchange on
          the Trading Day immediately preceding the day on which the Selling
          Holder delivers the Sale Notice to the Company (or, if the Sale Notice
          is delivered later than 4:00 p.m., New York City time, on a Trading
          Day, the closing price of the CCO Common on the New York Stock
          Exchange on the Trading Day on which the Sale Notice is delivered to
          the Company) and (B) the closing price of the CCO Common on the New
          York Stock Exchange on the Trading Day immediately preceding the day
          on which the Company delivers the Company Exercise Notice to the
          Selling Holder (or, if the Company Exercise Notice is delivered later
          than 4:00 p.m., New York City time, on a Trading Day, the closing
          price of the CCO Common on the New York Stock Exchange on the Trading
          Day on which the Company Exercise Notice is delivered to the Selling
          Holder).

          (c) Closing of Rights of First Refusal. If the Company offers to
     purchase any or all of the Offered Securities pursuant to Section
     1.3(b)(ii), the closing of the purchase and sale of such Offered Securities
     will occur on the third Trading Day immediately following the day on which
     the Company delivers the Company Exercise Notice. At least one Trading Day
     prior to such date, the Selling Holder must deliver wire transfer
     instructions (if funds are to be wired) to the Company. The consummation of
     the purchase and sale of such Offered Securities will be effected by the
     Selling Holder's delivery to the Company of the Offered Securities (free
     and clear of any restrictions, liens or claims) and such other instruments
     of transfer as the Company may reasonably request (including delivery of
     the certificate(s) representing the securities being purchased,

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     properly endorsed for transfer), against payment by the Company of the
     purchase price therefor.

          (d) Failure to Purchase All Offered Securities. If the Company does
     not consummate the purchase of all of the Offered Securities pursuant to
     Section 1.3(c), the Selling Holder may sell the Offered Securities not so
     purchased. Any sale pursuant to this Section 1.3(d) must be consummated
     during the 90-day period commencing on the expiration of the Company
     Exercise Period. Any Transfer of such Offered Securities that does not
     comply with the terms of this Section 1.3(d) will constitute a new sale
     that will be subject to the requirements of this Section 1.3 de novo.

     1.4. Indirect Transfers. If a Related Party to which Restricted Securities
have been Transferred in a Permitted Transfer is the subject of any event or
transaction (or series of related events or transactions) by which such Related
Party ceases to be a Related Party of the Stockholder originally holding such
Restricted Securities (an "Indirect Transfer"), then such Indirect Transfer will
be deemed to be a voluntary Transfer of the Restricted Securities held by such
Related Party on the date of such Indirect Transfer and subject to the
requirements and Company purchase rights set forth in Section 1.3.

                                   ARTICLE II.
                           SECURITIES LAWS PROVISIONS.

     2.1. Securities Laws Compliance. No Stockholder may voluntarily Transfer
Restricted Securities unless (a) a registration statement is then in effect
under the Securities Act covering such Transfer and such Transfer is made in
accordance with such registration statement, or (b) (i) the Stockholder notifies
the Company of the proposed Transfer and furnishes the Company with a written
statement of the circumstances surrounding the Transfer, and (ii) if requested
by the Company, the Stockholder furnishes the Company with an opinion of counsel
satisfactory to the Company, at the Stockholder's expense, that such Transfer
will not require registration of the subject Restricted Securities under the
Securities Act or any filing or registration under applicable state securities
and blue sky laws; provided, however, that no opinion of counsel will be
required if the Transfer is pursuant to Rule 144 and the written statement
furnished to the Company pursuant to clause (i) above contains sufficient
information to enable the Company, in consultation with its counsel, to
determine that the transferor has complied with the applicable requirements of
Rule 144.

     2.2. Required Legends. Each certificate representing securities of the
Company will bear a legend substantially in the following form:

     "THESE SECURITIES HAVE NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF
     1933, AS AMENDED, OR QUALIFIED UNDER ANY STATE SECURITIES LAWS. THE
     SECURITIES MAY NOT BE OFFERED, SOLD, TRANSFERRED OR OTHERWISE DISPOSED OF
     WITHOUT SUCH REGISTRATION OR THE DELIVERY TO THE ISSUER OF AN OPINION OF
     COUNSEL, SATISFACTORY TO THE ISSUER, THAT SUCH DISPOSITION WILL NOT REQUIRE
     REGISTRATION OF SUCH SECURITIES UNDER

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     THE SECURITIES ACT OF 1933, AS AMENDED, OR ANY STATE SECURITIES LAWS."

     The Company will reissue, without such legend, any certificate representing
securities of the Company, at the request of the holder thereof, at such time as
all of the securities represented by such certificate become eligible for resale
without compliance with the registration or qualification provisions of
applicable federal and state securities laws.

                                  ARTICLE III.
                               REGISTRATION RIGHTS

     3.1. Registrable Stock. "Registrable Stock" means all of the shares of CCO
Common that constitute Restricted Securities; provided, however, that such
shares will cease to be "Registrable Stock" (a) when they have been sold to or
through a broker or dealer or underwriter in a distribution to the public or
otherwise on or through the facilities of the national securities exchange,
national securities association or automated quotation system on which the CCO
Common is listed, (b) when a registration statement with respect to the sale of
such shares has become effective under the Securities Act, and such shares have
been disposed of in accordance with such registration statement, (c) when such
shares have ceased to be outstanding or (d) when held by a person who may sell
all of his, her or its shares of Registrable Stock under Rule 144 within a
90-day period.

     3.2. Demand Registration Rights.

          (a) Demand Event. For purposes of this Article III, a "Demand Event"
     means the death of any of the Principal Stockholders.

          (b) Demand. By written notice to the Company within ninety (90) days
     following a Demand Event (a "Demand"), the Stockholders holding not less
     than a majority of the Registrable Stock will have the right to demand the
     registration of the sale of all or any part of their Registrable Stock (a
     "Demand Registration") under the Securities Act on Form S-1 (or its
     equivalent) (a "Long Form Registration") or, if available to the Company,
     on Form S-3 (or its equivalent) (a "Short Form Registration"). Each Demand
     must specify the approximate number of shares of Registrable Stock to be
     registered and the Stockholders' intended method of distribution of such
     shares. The Stockholders, collectively, will be entitled to make only one
     Demand pursuant to this Agreement (excluding any Demand that the Company
     elects to not honor pursuant to Section 3.2(c)).

          (c) Company Right to Dishonor Demand. The Company, at its election,
     may decline to honor a Demand at any time prior to the filing of a
     registration statement with respect to the Demand:

               (i) if the aggregate expected offering price of the Registrable
          Stock covered by the Demand (before deduction of underwriting
          discounts and expenses of sale), calculated on the basis of the
          average closing price per share of CCO Common on the New York Stock
          Exchange for the 15 consecutive trading days

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          immediately preceding any day between (and including) the date of the
          Demand and the date on which the registration statement with respect
          to the Demand is filed, is less than $10,000,000 (if a Long Form
          Registration) or $5,000,000 (if a Short Form Registration);

               (ii) that is made within 180 days after the effective date of any
          Company registration with respect to which the Company provided a
          Piggyback Notice to the Stockholders; or

               (iii) if the Company notifies the Stockholders making a Demand
          that it intends to file a registration statement other than pursuant
          to this Section 3.2 (a "Company Registration") and in which the
          Company intends to include the shares of Registrable Stock of such
          Stockholders that are the subject of the Demand within 60 days. In
          such event, no further Demand may be made until the first to occur of
          (A) the date that is 180 days after the effective date of such Company
          Registration, (B) the date on which such Company Registration is
          abandoned or withdrawn and (C) the date on which all securities
          registered pursuant to such Company Registration have been sold in
          accordance with the intended method of distribution thereof. The
          Company will promptly notify the Stockholders of the occurrence of any
          circumstance described in clause (B) or (C) above.

     3.3. Piggyback Registration Rights. If the Company proposes to register the
sale or issuance of any of its equity securities under the Securities Act (other
than (a) a registration solely in connection with an employee benefit or stock
ownership plan, (b) a registration relating to a transaction covered by Form S-4
(or successor form), including a Rule 145 transaction or (c) a registration with
respect to a transaction relating solely to the sale of debt or convertible debt
instruments) and the registration form to be used may be used for the
registration of the sale of Registrable Stock (a "Piggyback Registration"), the
Company will give at least twenty (20) days prior notice to the Stockholders of
its intention to effect such a registration (each, a "Piggyback Notice").
Subject to Section 3.4(c), the Company will include in the Piggyback
Registration all Registrable Stock that the Stockholders designate by notice
given to the Company within fifteen (15) days after the Company's delivery of
the Piggyback Notice. The Stockholders will be entitled to participate in three
Piggyback Registrations pursuant to this Agreement.

     3.4. Underwritten Offerings.

          (a) Selection of Underwriters. The Demand Registration will not be
     underwritten. The lead managing underwriter for any underwritten Piggyback
     Registration will be selected by the Company.

          (b) Underwriting Agreements. The Stockholders agree that in any
     underwritten registration involving Registrable Stock, the Stockholders
     desiring to have their shares of Registrable Stock included in such
     registration will (i) enter into an underwriting agreement in customary
     form with the underwriter or underwriters selected pursuant to Section
     3.4(a), (ii) sell such Registrable Stock on the basis provided in any
     underwriting arrangements relating thereto and (iii) complete and execute
     all questionnaires, powers of attorney, indemnities, underwriting
     agreements and other

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     documents required under the terms of such underwriting arrangements;
     provided, however, that the Stockholders will not be required to make any
     representations or warranties to the Company or the underwriters other than
     representations and warranties regarding the Stockholders and their
     intended method of distribution of Registrable Stock.

          (c) Cut Backs on Piggyback Registrations. If the managing underwriters
     of an underwritten Piggyback Registration advise the Company in writing
     that, in their opinion, the number of securities requested to be included
     in such registration exceeds the number that can be sold in an orderly
     manner in such offering within a price range acceptable to the Company, the
     Company will include in such registration (i) first, the securities
     proposed to be sold by the Company, and (ii) second, the Registrable Stock
     held by the Stockholders and the other securities requested to be included
     in such registration, on a pro rata basis.

     3.5. Withdrawal From and Termination of Registration.

          (a) Withdrawal by the Stockholders. If the Stockholders make a Demand
     pursuant to Section 3.2 or elect to participate in a Piggyback Registration
     pursuant to Section 3.3, and thereafter one of more of such Stockholders
     elect to withdraw from or reduce their participation in such registration
     such that the Stockholders, collectively, will not have covered in the
     registration statement for such registration at least 50% of the
     Registrable Stock specified in the Demand or in the notice of participation
     in the Piggyback Registration (other than, in any such case, as a result of
     (i) the Company's postponement, termination or withdrawal of such
     registration pursuant to Section 3.2(c) or Section 3.5(b), (ii) the
     Company's reduction of the number of Stockholder shares eligible for
     participation in the Piggyback Registration pursuant to Section 3.4(c),
     (iii) any stop order, injunction or other order or requirement of the
     Commission or any other governmental agency or court, or (iv) the breach of
     this Agreement by the Company), such event will constitute a "Stockholder
     Withdrawal." A Demand Registration that is subject to a Stockholder
     Withdrawal will constitute the Stockholders' sole available Demand, and a
     Piggyback Registration that is subject to a Stockholder Withdrawal will
     constitute one of the Stockholders' available Piggyback Registrations, as
     the case may be, unless the Stockholders elect to reimburse the Company for
     all Registration Expenses incurred by the Company and its Affiliates in
     connection with such registration.

          (b) Termination of Piggyback Registration. The Company will have the
     right to terminate or withdraw any Piggyback Registration prior to the
     effectiveness of the registration statement filed in connection therewith;
     provided, however, that the Company must pay all Registration Expenses
     associated with such terminated or withdrawn registration and such
     terminated or withdrawn registration will not be deemed to constitute one
     of the Stockholders' available Piggyback Registrations.

     3.6. Registration Procedures. In connection with the Demand Registration
and each Piggyback Registration, the Company will use commercially-reasonable
efforts to effect the registration and the sale of the securities to be sold
therein in accordance with the intended method of distribution thereof and will:

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          (a) prepare and file with the Commission at the earliest practicable
     time, but, with respect to a Demand Registration in no event later that 75
     days after the Demand, a registration statement with respect to such
     securities, and use commercially-reasonable efforts to cause such
     registration statement to become effective at the earliest practicable
     time;

          (b) permit a representative of the Stockholders, the underwriters, if
     any, and any attorney or accountant retained by such Stockholders or
     underwriter to participate, at each such person's own expense, in the
     preparation of the registration statement, and cause the Company's
     officers, directors and employees to supply all information reasonably
     requested by any such representative, underwriter, attorney or accountant
     in connection with the registration; provided, however, that such
     representatives, underwriters, attorneys or accountants enter into a
     confidentiality agreement, in form and substance reasonably satisfactory to
     the Company, prior to the release or disclosure of any such information;

          (c) prepare and file with the Commission such amendments and
     post-effective amendments to the registration statement and supplements to
     the prospectus used in connection therewith as may be required by the
     rules, regulations or instructions applicable to the registration form used
     by the Company, or by the Securities Act or rules and regulations
     thereunder, as may be necessary to keep such registration statement
     continuously effective for a period of 120 days in the case of a Demand
     Registration and 90 days in the case of a Piggyback Registration or, if
     less in each case, the period in which the Stockholders actually complete
     the distribution described in the registration statement relating thereto
     (it being understood by the Stockholders that the Company will not be
     obligated to register any Registrable Stock on a "shelf" registration
     pursuant to Rule 415 as promulgated pursuant to the Securities Act (or any
     successor or similar rule) or otherwise to register Registrable Stock on a
     continuous or delayed basis);

          (d) at least three (3) days prior to the filing of any registration
     statement or prospectus, any amendment or supplement to such registration
     statement or prospectus or any document that is to be incorporated by
     reference into such registration statement or prospectus, furnish a copy
     thereof to the Stockholders or their counsel;

          (e) deliver to the Stockholders and the underwriters, if any, without
     charge, as many copies of each prospectus (and each preliminary prospectus)
     as they may reasonably request (the Company hereby consenting to the use of
     each such prospectus (or preliminary prospectus) by the Stockholders and
     the underwriters, if any, in connection with the offering and sale of the
     Registrable Stock covered by such prospectus (or preliminary prospectus))
     and a reasonable number of copies of the then-effective registration
     statement and any post-effective amendments thereto and any supplements to
     the prospectus, including financial statements and schedules, all documents
     incorporated therein by reference and all exhibits (including those
     incorporated by reference);

          (f) use commercially-reasonable efforts to register or qualify such
     Registrable Stock under such other securities or blue sky laws of such
     jurisdictions as the

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     Stockholders reasonably request and keep such registration or qualification
     effective during the period set forth in Section 3.6(c), and do any and all
     other acts and things that may be reasonably necessary or advisable to
     enable the Stockholders to consummate the disposition in such jurisdictions
     of the Registrable Stock owned by the Stockholders; provided, however, that
     the Company will not be required (i) to qualify generally to do business in
     any jurisdiction where it would not otherwise be required to qualify but
     for this clause, (ii) to subject itself to taxation to which it is not
     otherwise subject in any such jurisdiction, (iii) to consent to general
     service of process in any such jurisdiction or (iv) to comply with
     requirements under so-called "fair, just and equitable standards" under
     state securities laws;

          (g) notify the Stockholders, at any time that a prospectus covered by
     a registration statement filed pursuant to a Demand Registration or a
     Piggyback Registration in which the Stockholders participate is required to
     be delivered under the Securities Act, of the happening of any event of
     which it has knowledge and as a result of which the prospectus included in
     such registration statement, as then in effect, would include an untrue
     statement of a material fact or omit to state a material fact required to
     be stated therein or necessary to make the statements therein not
     misleading in the light of the circumstances then existing, and, at the
     request of the Stockholders, the Company will prepare a supplement or
     amendment to such prospectus so that, as thereafter delivered to the
     Stockholders, such prospectus will not contain an untrue statement of a
     material fact or omit to state any fact necessary to make the statements
     therein not misleading in the light of the circumstances then existing;

          (h) cause all securities covered by such registration statement to be
     listed on each securities exchange on which similar securities issued by
     the Company are then listed and to be qualified for trading on each system
     on which similar securities issued by the Company are from time to time
     qualified;

          (i) provide a transfer agent and registrar for all securities covered
     by such registration statement not later than the effective date of such
     registration statement and thereafter maintain such a transfer agent and
     registrar;

          (j) enter into such customary agreements (including underwriting
     agreements in customary form) and take all such other actions as may be
     reasonably required to expedite or facilitate the disposition of the
     securities covered by such registration statement;

          (k) otherwise use commercially-reasonable efforts to comply with the
     provisions of the Securities Act and all applicable rules and regulations
     of the Commission, and make available to its security holders, as soon as
     reasonably practicable, an earnings statement, satisfying the provisions of
     Section 11(a) of the Securities Act and Rule 158 promulgated thereunder,
     covering a period of at least twelve (12) months beginning with the first
     day of the Company's first full calendar quarter after the effective date
     of the registration statement; and

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          (l) upon the issuance of any stop order suspending the effectiveness
     of a registration statement, or of any order suspending or preventing the
     use of any related prospectus or suspending the qualification of any
     securities included in such registration statement for sale in any
     jurisdiction, the Company will use commercially-reasonable efforts promptly
     to obtain the withdrawal of such order.

Each Stockholder agrees that upon receipt of any notice from the Company of the
happening of any event described in Section 3.6(g), he, she or it will
discontinue its disposition of securities pursuant to such registration
statement until it receives copies of the supplemented or amended prospectus
contemplated by Section 3.6(g) and, if so directed by the Company, will deliver
to the Company (at the Company's expense) all copies, other than permanent file
copies, then in such Stockholder's possession of the prospectus that was in
effect at the time of receipt of such notice. If the Company gives such notice
under Section 3.6(g), the period specified in Section 3.6(c) for maintaining the
effectiveness of the registration will be extended by the number of days during
the period from and including the date of the giving of such notice to and
including the date when each Stockholder selling securities covered by such
registration statement receives a copy of the supplemented or amended prospectus
contemplated by Section 3.6(g).

     3.7. Registration Expenses. The Company will pay the Registration Expenses
(as defined below) in connection with the Demand Registration and the Piggyback
Registrations in which the Stockholders are entitled to participate pursuant to
this Agreement. All other expenses will be paid by the holders of securities
included in such registrations, pro rata among such holders on the basis of the
number of shares of stock of each such holder included in the registration. The
term "Registration Expenses" means any expenses incident to the Company's
performance of or compliance with this Article III, including without limitation
all registration and filing fees, fees and expenses of compliance with
securities or blue sky laws, printing expenses, messenger and delivery expenses,
and fees and expenses of counsel for the Company and all independent certified
public accountants, expenses of the underwriters (excluding discounts and
commissions, which will be paid by the Stockholders and any other selling
holders out of the proceeds of the offering to the extent that they participate
in an underwritten sale of their securities) and the fees and expenses of any
other persons retained by the Company in connection with the registration.

     3.8. Indemnification.

          (a) Indemnification by the Company. With respect to a registration of
     Registrable Stock pursuant to this Agreement, the Company agrees to
     indemnify, to the extent permitted by law, each Stockholder (and, with
     respect to any Stockholder that is not a natural person, its officers,
     directors and each person who controls (within the meaning of the
     Securities Act) such Stockholder) against all losses, claims, damages,
     liabilities and expenses caused by any untrue or alleged untrue statement
     of material fact contained in any registration statement, prospectus or
     preliminary prospectus in which such Stockholder is participating (or any
     amendment thereof or supplement thereto) or any omission or alleged
     omission of a material fact required to be stated therein or necessary to
     make the statements therein not misleading in the light of the
     circumstances then existing, except insofar as the same are caused by or
     contained in any information furnished in writing to the Company by any one
     or more Stockholders for use therein.

     STOCK TRANSFER RESTRICTION AND REGISTRATION RIGHTS AGREEMENT - PAGE 11

<PAGE>

          (b) Indemnification by the Stockholders. With respect to a
     registration of Registrable Stock pursuant to this Agreement, each
     Stockholder participating in such registration will furnish to the Company
     in writing such information and affidavits as the Company may reasonably
     request for use in connection with any such registration statement or
     prospectus and, to the extent permitted by law, will indemnify the
     underwriters, the Company, and the other selling stockholders and their
     respective directors, officers and controlling persons against all losses,
     claims, damages, liabilities and expenses caused by any untrue or alleged
     untrue statement of material fact contained in the registration statement,
     prospectus or preliminary prospectus (or any amendment thereof or
     supplement thereto) or any omission or alleged omission of a material fact
     required to be stated therein or necessary to make the statements therein
     not misleading in the light of the circumstances then existing, but only to
     the extent that such untrue statement or omission is contained in any
     written information or affidavit so furnished in writing by such
     Stockholder in connection with such registration statement; provided,
     however, that each Stockholder's obligation to indemnify will be individual
     to such Stockholder and will be limited to the net amount of proceeds
     received by such Stockholder from the sale of Registrable Stock pursuant to
     such registration statement.

          (c) Notice; Defense of Claims. Any party entitled to indemnification
     hereunder will (i) give prompt written notice to the indemnifying party of
     any claim with respect to which it seeks indemnification and (ii) unless in
     such indemnified party's reasonable judgment a conflict of interest between
     such indemnified and indemnifying parties may exist with respect to such
     claim, permit such indemnifying party to assume the defense of such claim
     with counsel reasonably satisfactory to the indemnified party. If such
     defense is assumed, the indemnifying party will not be subject to any
     liability for any settlement made by the indemnified party without its
     consent (but such consent will not be unreasonably withheld). An
     indemnifying party who is not entitled to, or elects not to, assume the
     defense of a claim will not be obligated to pay the fees and expenses of
     more than one counsel for all parties indemnified by such indemnifying
     party with respect to such claim, unless in the reasonable judgment of any
     indemnified party a conflict of interest may exist between such indemnified
     party and any other of such indemnified parties with respect to such claim.

          (d) Contribution. If the indemnification provided for herein is held
     by a court of competent jurisdiction to be unavailable to an indemnified
     party with respect to any loss, liability, claim, damage or expense
     referred to herein, then the indemnifying party, in lieu of indemnifying
     such indemnified party hereunder, will contribute to the amount paid or
     payable by such indemnified party as a result of such loss, liability,
     claim, damage or expense in such proportion as is appropriate to reflect
     the relative fault of the indemnifying party, on the one hand, and of the
     indemnified party, on the other, in connection with the statements or
     omissions that resulted in such loss, liability, claim, damage or expense,
     as well as any other relevant equitable considerations. The relative fault
     of the indemnifying party and of the indemnified party will be determined
     by reference to, among other things, whether the untrue or alleged untrue
     statement of a material fact or the omission to state a material fact
     relates to information supplied by the indemnifying party or by the
     indemnified party and the parties' relative intent, knowledge, access to
     information and opportunity to correct or prevent such statement or

     STOCK TRANSFER RESTRICTION AND REGISTRATION RIGHTS AGREEMENT - PAGE 12

<PAGE>

     omission. The obligation of each Stockholder to contribute will be
     individual to such Stockholder and will be limited to the amount by which
     the net amount of proceeds received by such Stockholder from the sale of
     Registrable Stock exceeds the amount of losses, liabilities, damages and
     expenses that the Stockholder has otherwise been required to pay by reason
     of such statements or omissions.

          (e) Survival. The indemnification provided for under this Agreement
     will remain in full force and effect regardless of any investigation made
     by or on behalf of the indemnified party or any officer, director or
     controlling person of such indemnified party and will survive the
     registration and sale of any securities and the expiration or termination
     of this Agreement.

          (f) Underwriting Agreement. To the extent that the provisions on
     indemnification and contribution contained in the underwriting agreement
     entered into in connection with an underwritten public offering are in
     conflict with the indemnification provisions of this Agreement, the
     provisions of the underwriting agreement will control.

     3.9. Controlling Person. If any such registration or comparable statement
refers to any Stockholder by name or otherwise as the holder of any securities
of the Company and if, in the reasonable, good faith judgment of such
Stockholder, such Stockholder is or might be deemed to be a controlling person
of the Company, such Stockholder will have the right to (a) participate in the
preparation of such registration or comparable statement and to require the
insertion therein of material, furnished to the Company in writing, that in the
reasonable judgment of such Stockholder and his, her or its counsel should be
included, (b) require the inclusion in such registration statement of language,
in form and substance reasonably satisfactory to such Stockholder, to the effect
that the holding of such securities by such Stockholder is not to be construed
as a recommendation by such Stockholder of the investment quality of the
Company's securities covered thereby and that such holding does not imply that
such Stockholder will assist in meeting any future financial requirements of the
Company or (c) require, if such reference to such Stockholder by name or
otherwise is not required by the Securities Act or any similar federal statute
then in force, the deletion of the reference to such Stockholder; provided,
however, that with respect to this clause (c), such Stockholder must furnish to
the Company an opinion of counsel to such effect, which opinion of counsel must
be reasonably satisfactory to the Company.

     3.10. Market Stand-Off Agreement. For a period of 180 days following the
effective date of any underwritten public offering of equity securities by the
Company (or for such shorter period as may be allowed by the managing
underwriter or underwriters of such offering), the Stockholders will agree to
such restrictions as such managing underwriter or underwriters may request with
respect to the sale, transfer or other disposition of the Company's equity
securities (or derivatives or any interest therein), provided that all directors
and executive officers of the Company agree to similar restrictions. In order to
enforce the foregoing covenant, the Company may impose stop-transfer
instructions with respect to the CCO Common or other equity securities of the
Stockholders until the end of such period.

     3.11. No Inconsistent Agreements. The Company may not, without the prior
written consent of the Stockholders holding a majority of the Registrable Stock,
hereafter enter into any

     STOCK TRANSFER RESTRICTION AND REGISTRATION RIGHTS AGREEMENT - PAGE 13

<PAGE>

agreement with respect to its securities that grants registration rights to any
holders of equity securities that would violate the rights granted to the
Stockholders in this Agreement.

                                   ARTICLE IV.
                                    RULE 144

With a view to making available to the Stockholders the benefits of Rule 144
promulgated under the Securities Act (or any other similar rule or regulation of
the Commission that may at any time permit the investors to sell securities of
the Company to the public without registration but excluding Rule 144A
promulgated under the Securities Act or any successor or similar rule as may be
enacted by the Commission from time to time) ("Rule 144"), the Company agrees
to:

          (a) make and keep public information available, as those terms are
     understood and defined in Rule 144;

          (b) not terminate its status as an issuer required to file reports
     under the Exchange Act, even if the Exchange Act or the rules and
     regulations thereunder would otherwise permit such termination;

          (c) file with the Commission in a timely manner all reports and other
     documents required of the Company under the Securities Act and the Exchange
     Act and such reports and other documents as is required for the applicable
     provisions of Rule 144; and

          (d) furnish to the Stockholders so long as such Stockholders own any
     Registrable Stock, promptly upon request, such information as may be
     reasonably requested to permit the Stockholders to sell such securities
     pursuant to Rule 144 without registration.

This Article IV will terminate and be of no further force or effect on the first
date that the Stockholders are able to sell all of the shares of Registrable
Stock owned by them under Rule 144(k).

                                   ARTICLE V.
                            MISCELLANEOUS PROVISIONS.

     5.1. Termination. This Agreement will terminate and be of no further force
or effect (except as provided in Section 3.8(e)) upon the earliest to occur of
(a) the written agreement of the Company and each other party to this Agreement
at the time of such agreement, (b) the date on which no securities are
Restricted Securities or Registrable Stock, and (c) the ten-year anniversary of
the date of this Agreement.

     5.2. Legends on Certificates. During the term of this Agreement, each
certificate or other instrument representing shares of Restricted Securities
will bear, in addition to any legend required pursuant to the terms of Section
2.2, a legend in substantially the following form:

     STOCK TRANSFER RESTRICTION AND REGISTRATION RIGHTS AGREEMENT - PAGE 14

<PAGE>

     "THE SECURITIES REPRESENTED BY THIS CERTIFICATE AND THE SALE, ASSIGNMENT,
     TRANSFER, PLEDGE OR OTHER DISPOSITION THEREOF ARE SUBJECT TO CERTAIN
     RESTRICTIONS AND AGREEMENTS CONTAINED IN A STOCK TRANSFER RESTRICTION AND
     REGISTRATION RIGHTS AGREEMENT, DATED AS OF APRIL ___, 2006, BY AND AMONG
     THE COMPANY AND CERTAIN OF ITS STOCKHOLDERS. A COPY OF SUCH AGREEMENT WILL
     BE FURNISHED BY THE COMPANY TO THE RECORD HOLDER OF THIS CERTIFICATE
     WITHOUT CHARGE UPON WRITTEN REQUEST TO THE COMPANY AT ITS PRINCIPAL PLACE
     OF BUSINESS OR REGISTERED OFFICE."

The Company will make a notation on its records and give instructions to any
transfer agent of its equity securities to implement the restrictions on
transfer established in this Agreement. Each Stockholder agrees and consents to
the entry of stop transfer instructions by the Company or any such transfer
agent in order to enforce the restrictions on transfer established in this
Agreement.

     5.3. Notices. All notices and other communications under this Agreement
must be in writing and will be deemed given (a) when delivered personally or by
courier service, (b) on the third business day after being mailed by certified
mail, return receipt requested or (c) upon transmission and confirmation of
receipt by a facsimile operator if sent by facsimile, to the parties at the
following addresses or facsimile numbers (or to such other address or facsimile
number as such party may have specified by notice given to the other party
pursuant to this provision):

     If to the Company:     Clear Channel Outdoor, Inc.
                            2850 E. Camelback Road
                            Phoenix, Arizona 85016
                            Facsimile: (602) 957-8602
                            Attention: President

                            with a copy (which will not constitute notice) to:

                            Fulbright & Jaworski L.L.P.
                            300 Convent Street, Suite 2200
                            San Antonio, Texas 78205-3792
                            Facsimile: (210) 270-7205
                            Attention: Daryl L. Lansdale, Jr.

     If to any Stockholder: To the address for such Stockholder on the books and
                            records of the Company as the same may be changed
                            from time to time by notice from such Stockholder to
                            the Company in accordance with this Section 5.3.

     STOCK TRANSFER RESTRICTION AND REGISTRATION RIGHTS AGREEMENT - PAGE 15

<PAGE>

                            with a copy (which will not constitute notice) to:

                            Morgan, Lewis & Bockius LLP
                            1701 Market Street
                            Philadelphia, PA 19103
                            Facsimile: (215) 963-5001
                            Attention: Richard B. Aldridge

     5.4. No Third Party Beneficiaries. Nothing in this Agreement will create,
confer or be deemed to create or confer any third party beneficiary rights in
any person or other legal entity not party to this Agreement.

     5.5. Assignment. The rights and obligations of the Stockholders pursuant to
this Agreement are not assignable except that such rights and obligations as
they relate to a particular security will be automatically assigned to any
transferee of such security if such security was Transferred in a Permitted
Transfer; provided, however, that the rights under Article III and Article IV
with respect to any securities subject to a subsequent Indirect Transfer will be
null and void and of no further force and effect upon the consummation of such
Indirect Transfer. The Company may assign its rights and obligations under this
Agreement to any Affiliate or, with the prior written consent of the
Stockholders holding a majority of the Restricted Securities then outstanding,
to any other person or other legal entity. Any attempted assignment of such
rights and obligations in violation of this Section 5.5 will be null and void.
The provisions of this Agreement will be binding upon and inure to the benefit
of the parties and their respective successors and permitted assigns.

     5.6. Amendment. No amendment, modification or supplement of or to this
Agreement will be effective unless made in writing and signed by the Company and
the Stockholders holding a majority of the Restricted Securities then
outstanding.

     5.7. Waivers. No waiver of any provision of this Agreement, or consent to
any departure from its terms, will be effective unless made in writing and
signed by the party giving such waiver or consent. No action (other than a
waiver) taken pursuant to this Agreement, including, without limitation, any
investigation by or on behalf of any party, will be deemed to constitute a
waiver, by the party taking such action, of the other party's compliance with
any covenant or agreement contained in this Agreement. No delay or omission on
the part of any party in exercising any right or remedy under this Agreement
will operate as a waiver thereof or of any other right or remedy. No waiver by
any party of any right or remedy under this Agreement on any one occasion will
be deemed a bar to or waiver of the same or any other right or remedy on any
future occasion. No partial exercise of any right or remedy under this Agreement
by any party will preclude any further exercise thereof or the exercise of any
other right or remedy.

     5.8. Further Assurances. Each party to this Agreement hereby covenants and
agrees, without the necessity of any further consideration, to execute and
deliver any and all such further documents and take any and all such other
actions as may be reasonably necessary or appropriate to carry out the intent
and purposes of this Agreement.

     STOCK TRANSFER RESTRICTION AND REGISTRATION RIGHTS AGREEMENT - PAGE 16

<PAGE>

     5.9. Construction of Provisions.

          (a) Fair Meaning. Every term and provision of this Agreement will be
     construed simply according to its fair meaning and not strictly for or
     against any party because such party or its legal counsel drafted this
     Agreement or such provision.

          (b) Time. Time is of the essence with respect to this Agreement.

          (c) Variation of Pronouns. All pronouns and any variations thereof
     will be deemed to refer to masculine, feminine, or neuter, singular or
     plural, as the identity of the person may require.

          (d) Headings. The headings in this Agreement are for reference
     purposes only and are to be given no effect in the construction or
     interpretation of this Agreement.

          (e) References. Except as otherwise specifically provided, any
     reference to any article or section will be deemed to refer to such article
     or section of this Agreement.

          (f) Severability. If any provision of this Agreement, as applied to
     any party or to any circumstance, is held invalid, illegal or unenforceable
     by any court of competent jurisdiction, (i) such provision, as applied to
     such party or such circumstance, is hereby deemed modified to give effect
     to the original written intent of the parties to the greatest extent
     consistent with being valid and enforceable under applicable law, (ii) the
     application of such provision to any other party or to any other
     circumstance will not be affected or impaired thereby and (iii) the
     validity, legality and enforceability of the remaining provisions of this
     Agreement will remain in full force and effect.

     5.10. Business Days. If the last or appointed day for the taking of any
action required under this Agreement, or the expiration of any right granted in
this Agreement, is a Saturday, Sunday or legal holiday in either the State of
Pennsylvania or the State of Texas, then such action may be taken or such right
may be exercised on the next succeeding day that is not a Saturday, Sunday or
legal holiday in either the State of Pennsylvania or the State of Texas.

     5.11. Entire Agreement. This Agreement (together with the Stock Purchase
Agreement) represents, and is intended to be, a complete statement of all of the
terms and the arrangements between the Company and the Stockholders with respect
to the matters provided for herein, supersedes any and all previous oral or
written and all contemporaneous oral agreements, understandings, negotiations
and discussions between the Company and the Stockholders with respect to those
matters.

     5.12. Remedies. All remedies under this Agreement are cumulative and are
not exclusive of any other remedies provided by applicable law. The parties
agree and acknowledge that money damages may not be an adequate remedy for any
breach by a party of the provisions of this Agreement and that the any party may
in its sole discretion apply to a court of law or equity of competent
jurisdiction (without posting any bond or other security) for specific
performance and for other injunctive relief to enforce or prevent violation of
the provisions of this Agreement.

     STOCK TRANSFER RESTRICTION AND REGISTRATION RIGHTS AGREEMENT - PAGE 17

<PAGE>

     5.13. Governing Law. This Agreement will be governed by and construed in
accordance with the laws of the State of Delaware without reference to the
principles of conflict of laws or any other principle that could result in the
application of the laws of any other jurisdiction.

     5.14. Counterparts. This Agreement may be executed in one or more
counterparts, each of which will be deemed to be an original, but all of which
will be one and the same instrument.

             * * * REMAINDER OF PAGE INTENTIONALLY LEFT BLANK * * *

     STOCK TRANSFER RESTRICTION AND REGISTRATION RIGHTS AGREEMENT - PAGE 18

<PAGE>

     IN WITNESS WHEREOF, this Agreement has been executed by the parties hereto
as of the date and year first written above.

                                        COMPANY:

                                        CLEAR CHANNEL OUTDOOR HOLDINGS, INC., A
                                        DELAWARE CORPORATION

                                        By:
                                            ------------------------------------
                                        Name:
                                              ----------------------------------
                                        Title:
                                               ---------------------------------

                                        PRINCIPAL STOCKHOLDERS:

                                        MARK T. LIEBERMAN

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

                                        DEBORAH S. LIEBERMAN

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

                                        THE TRUST (LIVING) OF MARIANNE LIEBERMAN

                                        By:
                                            ------------------------------------
                                        Name:
                                              ----------------------------------
                                        Title:
                                               ---------------------------------

                                        THE TRUST (LIVING) OF CAROLYN M. GRANT

                                        By:
                                            ------------------------------------
                                        Name:
                                              ----------------------------------
                                        Title:
                                               ---------------------------------

 STOCK TRANSFER RESTRICTION AND REGISTRATION RIGHTS AGREEMENT - SIGNATURE PAGE 1

<PAGE>

                                        ADDITIONAL STOCKHOLDERS:

                                        MOLLY A. LIEBERMAN

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

                                        KAREN LIEBERMAN-DALY

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

                                        RICHARD FRICK

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

                                        LIEBERMAN BUSINESS TRUST, A PENNSYLVANIA
                                        BUSINESS TRUST

                                        By:
                                            ------------------------------------
                                        Name:
                                              ----------------------------------
                                        Title:
                                               ---------------------------------

 STOCK TRANSFER RESTRICTION AND REGISTRATION RIGHTS AGREEMENT - SIGNATURE PAGE 2exv10w1

 

EXHIBIT 10.1

INDEMNIFICATION AGREEMENT

     THIS INDEMNIFICATION AGREEMENT (the “Agreement”) is made as of this                      day
of                    , 200___, by and between UCBH Holdings, Inc., a Delaware corporation (the
“Corporation”), and
                                                            , an individual (“Indemnitee”).

RECITALS

     A. The Corporation and Indemnitee recognize that unforeseen litigation may subject directors,
officers and agents to costs and expenses.

     B. The Corporation desires to attract and retain the services of highly qualified individuals,
such as Indemnitee, to serve as directors, officers and agents of the Corporation and to indemnify
its directors, officers and agents so as to provide them with the maximum protection permitted by
law.

     In consideration of the Recitals set forth above and the mutual covenants and agreements set
forth below, the Corporation and Indemnitee do hereby agree as follows:

AGREEMENT

     1. Indemnification and Expense Advancement.

          (a) Proceedings Other than by Right of the Corporation. The Corporation shall
indemnify Indemnitee if Indemnitee was or is a party or is threatened to be made a party to any
proceeding (other than an action by or in the right of the Corporation to procure a judgment in its
favor) by reason of the fact that Indemnitee is or was an Agent (as defined in Section 1(i) below)
of the Corporation, against costs, expenses, judgments, fines, settlements and other amounts
actually and reasonably incurred in connection with such proceeding if Indemnitee acted in good
faith and in a manner Indemnitee reasonably believed to be in or not opposed to the best interests
of the Corporation and, in the case of a criminal proceeding, has no reasonable cause to believe
the conduct of Indemnitee was unlawful. The termination of any proceeding by judgment, order,
settlement, conviction or upon a plea of nolo contendere or its equivalent shall not, of itself,
create a presumption that Indemnitee did not act in good faith and in a manner which Indemnitee
reasonably believed to be in the best interests of the Corporation or that Indemnitee had
reasonable cause to believe that Indemnitee’s conduct was unlawful.

          (b) Proceedings By or in the Right of the Corporation. The Corporation shall
indemnify Indemnitee if Indemnitee was or is a party or is threatened to be made a party to any
threatened, pending or completed action by or in the right of the Corporation to procure a judgment
in its favor by reason of the fact that Indemnitee is or was an Agent of the Corporation, against
expenses actually and reasonably incurred by Indemnitee in connection with the defense

1

 

or settlement of such action if Indemnitee acted in good faith, in a manner Indemnitee believed to
be in or not opposed to the best interests of the Corporation and its stockholders; except that no
indemnification shall be made under this Section 1(b) for any of the following:

               (i) In respect of any claim, issue or matter as to which Indemnitee shall have been adjudged
to be liable to the Corporation in the performance of Indemnitee’s duty to the Corporation and its
stockholders, unless and only to the extent that the court in which such proceeding is or was
pending or the Delaware Court of Chancery shall determine upon application that, in view of all the
circumstances of the case, Indemnitee is fairly and reasonably entitled to indemnity for the
expenses which such court shall determine;

               (ii) Of amounts paid in settling or otherwise disposing of a pending action without court
approval; or

               (iii) Of expenses incurred in defending a pending action which is settled or otherwise
disposed of without court approval.

          (c) Determination of Right of Indemnification. Any indemnification under Sections
1(a) and (b) shall be made by the Corporation only if authorized in the specific case, upon a
determination that indemnification of Indemnitee is proper in the circumstances because Indemnitee
has met the applicable standard of conduct set forth above in Sections 1(a) and (b) by any of the
following:

               (i) A majority vote of a quorum of the Corporation’s board of directors consisting of
directors who are not parties to such proceeding; or

               (ii ) If such a quorum of directors is not obtainable, by independent legal counsel in a
written opinion; or

               (iii) Approval of the stockholders by the affirmative vote of a majority of the shares
entitled to vote represented at a duly held meeting at which a quorum is present or by the written
consent of stockholders as provided in the Bylaws, with the shares owned by the person to be
indemnified not being entitled to vote thereon; or

               (iv) By the court in which such proceeding is or was pending upon application made by the
Corporation or its Agent or attorney or other person rendering services in connection with the
defense, whether or not such application by the Agent, attorney or other person is opposed by the
Corporation.

          (d) Advances of Expenses. Expenses (including reasonable attorneys’ and experts’
fees), costs, and charges incurred in defending any proceeding shall be advanced promptly by the
Corporation prior to the final disposition of such proceeding upon receipt of a written undertaking
by or on behalf of Indemnitee to repay such amount unless it shall be determined ultimately that
Indemnitee is entitled to be indemnified as authorized in this Section 1. The form of such
undertaking shall be substantially similar to Exhibit A hereto.

2

 

          (e) Indemnification Against Expenses of Successful Party. Notwithstanding the other
provisions of this Section 1, to the extent that Indemnitee has been successful on the merits in a
defense of any proceeding, claim, issue or matter referred to in Sections 1(a) and (b), Indemnitee
shall be indemnified against all expenses actually and reasonably incurred by Indemnitee in
connection therewith.

          (f) Right of Indemnitee to Indemnification Upon Application; Procedure Upon
Application. Any indemnification provided for in Sections 1(a), (b) or (e) shall be made no
later than ninety (90) days after the Corporation is given notice of request by Indemnitee,
provided that any indemnification under Sections 1(a) and (b) is authorized pursuant to Section
1(c). Any such request for indemnification must be made within ninety (90) days of the final
adjudication, dismissal, or settlement of the matter for which Indemnitee seeks indemnification,
unless an appeal is filed, in which case the request may be made within ninety (90) days after the
appeal is resolved (hereafter referred to as “Final Disposition”). Upon such notice, if a quorum
of directors who were not parties to the action, suit, or proceeding giving rise to indemnification
is obtainable, the Corporation shall within two (2) weeks call a Board of Directors meeting to be
held within four (4) weeks of such notice, to make a determination as to whether Indemnitee has met
the applicable standard of conduct. Otherwise, if a quorum consisting of directors who were not
parties in the relevant action, suit, or proceeding is not obtainable, the Corporation shall retain
(at the Corporation’s expense) independent legal counsel chosen either jointly by the Corporation
and Indemnitee or else by the Corporation’s counsel within two (2) weeks to make such
determination.

          If notice of a request for payment of a claim under any statute, under this Agreement, or
under the Corporation’s Certificate of Incorporation or Bylaws providing for indemnification or
advance of expenses has been given to the Corporation by Indemnitee, and such claim is not paid in
full by the Corporation within ninety (90) days of the later occurring of the giving of such notice
and Final Disposition in case of indemnification and ten (10) days of the giving of such notice in
case of advance of expenses, Indemnitee may, but need not, at any time thereafter bring an action
against the Corporation to receive the unpaid amount of the claim or the expense advance and, if
successful, Indemnitee shall also be paid for the expenses (including reasonable attorneys’ and
experts’ fees) of bringing such action. It shall be a defense to any such action (other than an
action brought to enforce a claim for expenses incurred in connection with any action, suit, or
proceeding in advance of its Final Disposition) that Indemnitee has not met the standards of
conduct which make it permissible under applicable law for the Corporation to indemnify Indemnitee
for the amount claimed, and Indemnitee shall be entitled to receive interim payment of expenses
pursuant to Section 1(d) unless and until such defense may be finally adjudicated by court order or
judgment from which no further right of appeal exists. Neither the failure of the Corporation
(including its Board of Directors, independent legal counsel, or its stockholders) to have made a
determination that indemnification of Indemnitee is proper in the circumstances because Indemnitee
has met the applicable standard of conduct required by applicable law, nor an actual determination
by the Corporation (including its Board of Directors or independent legal counsel) that Indemnitee
has not met such applicable standard of conduct, shall create a presumption that Indemnitee has or
has not met the applicable standard of conduct.

3

 

          (g) Insurance. The Corporation may purchase and maintain insurance on behalf of any
person who is or was an Agent against any liability asserted against such person and incurred by
him or her in any such capacity, or arising out of his or her status as such, whether or not the
Corporation would have the power to indemnify such person against such liability under the
provisions of this Section 1.

          (h) Optional Means of Assuring Payment. Upon request by an Indemnitee certifying that
Indemnitee has reasonable grounds to believe Indemnitee may be made a party to a proceeding for
which Indemnitee may be entitled to be indemnified under this Section 1, the Corporation may, but
is not required to, create a trust fund, grant a security interest or use other means (including,
without limitation, a letter of credit) to ensure the payment of such sums as may become necessary
to effect indemnification as provided herein.

          (i) Definition of Agent. For the purposes of this Agreement, “Agent” means any person
who is or was a director, officer, employee or other agent of the Corporation, or is or was serving
at the request of the Corporation as a director, officer, employee or agent of another foreign or
domestic corporation, partnership, joint venture, trust or other enterprise, or was a director,
officer, employee or agent of a foreign or domestic corporation which was a predecessor corporation
of the corporation or of another enterprise at the request of such predecessor corporation;
“proceeding” means any threatened, pending or completed action or proceeding, whether civil,
criminal, administrative or investigative; and “expenses” includes without limitation reasonable
attorneys’ and experts’ fees and any expenses of establishing a right to indemnification.

          (j) Indemnification under Section 145 of the Delaware General Corporation Law.
Subject to the provisions of Delaware Corporation Law Section 145 and any other applicable law,
notwithstanding any other provisions of this Section 1, the following shall apply to the
indemnification of Indemnitee:

               (i) There shall be a presumption that Indemnitee met the applicable standard of conduct
required to be met in Section 1(c) for indemnification, rebuttable by clear and convincing evidence
to the contrary;

               (ii) The Corporation shall have the burden of proving that Indemnitee did not meet the
applicable standard of conduct in Section 1(c);

               (iii) In addition to the methods provided for in Section 1(c), a determination that
indemnification is proper in the circumstances because that Indemnitee met the applicable standard
of conduct may also be made by the arbitrator in any arbitration proceeding in which such matter is
or was pending; and

               (iv) Unless otherwise agreed to in writing between an Indemnitee and the Corporation in any
specific case, indemnification may be made under Section 1(b) for amounts paid in settling or
otherwise disposing of a pending action without court approval.

4

 

     2. Changes.

          In the event of any change, after the date of this Agreement, in any applicable law, statute,
or rule which expands the right of a Delaware corporation to indemnify a member of its board of
directors, its officers or its Agents, such changes shall automatically expand, without further
action of the parties, Indemnitee’s rights and the Corporation’s obligations under this Agreement.
In the event of any change in any applicable law, statute or rule which narrows a Delaware
corporation’s right to indemnify a member of its board of directors, its officers or its Agents,
such changes, to the extent not otherwise required by such law, statute or rule to be applied to
this Agreement, shall have no effect on this Agreement or the parties’ rights and obligations
hereunder. In the event of an amendment to the Corporation’s Bylaws which expands the right to
indemnify a member of its board of directors, its officers or its Agents, such change shall
automatically expand, without further action of the parties, Indemnitee’s rights and the
Corporation’s obligations under this Agreement. In the event of any amendment to the Corporation’s
Bylaws which narrows such right of a Delaware corporation to indemnify a member of its board of
directors, its officers or its Agents, such change shall only apply to the indemnification of
Indemnitee for acts committed, or lack of action, by Indemnitee after such amendment. The
Corporation agrees to give Indemnitee prompt written notice of amendments to the Corporation’s
Bylaws which concern indemnification.

     3. Nonexclusivity.

          The indemnification provided by this Agreement shall not be deemed exclusive of any rights to
which Indemnitee may be entitled under the Corporation’s Certificate of Incorporation, its Bylaws,
any agreement, any vote of stockholders or disinterested Directors, the Delaware General
Corporation Law, or otherwise, both as to action in Indemnitee’s official capacity and as to action
in any other capacity while holding such office (an “Indemnified Capacity”). The indemnification
provided under this Agreement shall continue as to Indemnitee for any action taken or not taken
while serving in an Indemnified Capacity even though such Indemnitee may have ceased to serve in an
Indemnified Capacity at the time of any action, suit or other covered proceeding, and shall inure
to the benefit of the heirs, executors, and administrators of Indemnitee.

     4. Partial Indemnification.

          If Indemnitee is entitled under any provision of this Agreement to indemnification by the
Corporation for some or a portion of the expenses, judgment, fines or penalties actually or
reasonably incurred by Indemnitee in the investigation, defense, appeal or settlement of any civil
or criminal action, suit or proceeding, but not, however, for the total amount thereof, the
Corporation shall nevertheless indemnify Indemnitee for the portion of such expenses, judgments,
fines or penalties to which Indemnitee is entitled pursuant to this Agreement.

     5. Potential Limitations.

          Both the Corporation and Indemnitee acknowledge that in certain instances, Delaware state law
and federal banking laws and regulations, federal law or public policy may

5

 

override applicable state law and prohibit the Corporation from indemnifying its directors and
officers under this Agreement or otherwise. For example, the Corporation and Indemnitee
acknowledge that the federal regulators have taken the position that indemnification is not
permissible for liabilities arising under certain federal securities laws, and federal legislation
prohibits indemnification for certain ERISA violations. Indemnitee understands and acknowledges
that the Corporation has undertaken or may be required in the future to undertake with federal
regulators to submit questions of indemnification to a court in certain circumstances for a
determination of the Corporation’s right under public policy to indemnify Indemnitee. Furthermore,
Indemnitee and Corporation acknowledge that the extent of (i) indemnification permissible under
Section 145 of the Delaware General Corporation Law has not been judicially determined; therefore,
the enforceability of Indemnitee’s rights under Section 1(l) is uncertain; and (ii) advancement of
expenses and indemnification of Indemnitee in the event of a proceeding or action described in
Section 7(a) below, is also uncertain and may not be permissible or may be subject to applicable
regulatory restrictions.

     6. Severability.

          Nothing in this Agreement is intended to require or shall be construed as requiring the
Corporation to do or fail to do any act in violation of applicable law. The Corporation’s
inability, pursuant to court order, to perform its obligations under this Agreement shall not
constitute a breach of the Agreement. If the application of any provision or provisions of the
Agreement to any particular facts or circumstances shall be held to be invalid or unenforceable by
any court of competent jurisdiction, then (i) the validity and enforceability of such provision or
provisions as applied to any other particular facts or circumstances and the validity of other
provisions of this Agreement shall not in any way be affected or impaired thereby and (ii) such
provision(s) shall be reformed without further action by the parties to make such provision(s)
valid and enforceable when applied to such facts and circumstances with a view toward requiring the
Corporation to indemnify Indemnitee to the fullest extent permissible by law.

     7. Exceptions.

          Notwithstanding any other provision herein to the contrary, the Corporation shall not be
obligated pursuant to the terms of this Agreement:

          (a) Regulatory Agency Proceedings. To indemnify Indemnitee for expenses, penalties or
other payments incurred in an administrative proceeding or action threatened or instituted by a
bank regulatory agency, which proceeding or action results in a final order imposing, injunctive or
similar relief or assessing civil money penalties or in any other resolution requiring or
preventing action by the Indemnitee; or

          (b) Claims Initiated by Indemnitee. To indemnify or advance expenses to Indemnitee
with respect to proceedings or claims (except counter-claims or cross-claims) initiated or brought
voluntarily by Indemnitee and not by way of defense, except with respect to proceedings brought to
establish or enforce a right to indemnification under this Agreement or any other statute or law or
otherwise as required by the Delaware General Corporation Law, but

6

 

such indemnification or advancement of expenses may be provided by the Corporation in specific
cases if the Board of Directors finds it to be appropriate; or

          (c) Lack of Good Faith. To indemnify Indemnitee for any expenses incurred by
Indemnitee with respect to any proceeding instituted by Indemnitee to enforce or interpret this
Agreement, if a majority of the Corporation’s directors or a court of competent jurisdiction
determines that the material assertions made by Indemnitee in such proceeding were not made in good
faith or was frivolous; or

          (d) Insured Claims. To indemnify Indemnitee for expenses or liabilities of any type
whatsoever (including, but not limited to, judgments, fines, ERISA excise taxes or penalties, and
amounts paid in settlement) which have been paid directly to Indemnitee by an insurance carrier
under a policy of officers’ and directors’ liability or other insurance maintained by the
Corporation; or

          (e) Claims under Section 16(b). To indemnify Indemnitee for expenses or the payment
of profits arising from the purchase and sale by Indemnitee of securities in violation of Section
16(b) of the Securities Exchange Act of 1934, as amended, or any similar successor statute.

     8. Counterparts.

          This Agreement may be executed in one or more counterparts, each of which shall constitute an
original.

     9. Successors and Assigns.

          This Agreement shall be binding upon the Corporation and its successors and assigns, and shall
inure to the benefit of Indemnitee and Indemnitee’s estate, heirs, and legal representatives and
permitted assigns. Indemnitee may not assign this Agreement without the prior written consent of
the Corporation.

     10. Attorneys’ Fees.

          In the event that any action is instituted by Indemnitee under this Agreement to enforce or
interpret any of the terms hereof, Indemnitee shall be entitled to be paid all court costs and
expenses, including reasonable attorneys’ and experts’ fees, incurred by Indemnitee with respect to
such action, unless as a part of such action, the court of competent jurisdiction determines that
each of the material assertions made by Indemnitee as a basis for such action were not made in good
faith or were frivolous. In the event of an action instituted by or in the name of the Corporation
under this Agreement or to enforce or interpret any of the terms of this Agreement, Indemnitee
shall be entitled to be paid all court costs and expenses, including attorneys’ fees, incurred by
Indemnitee in defense of such action (including with respect to Indemnitee’s counterclaims and
cross-claims made in such action), unless as a part of such action the court determines that each
of Indemnitee’s material defenses to such action were made in bad faith or were frivolous.

7

 

     11. Notice.

          All notices, requests, demands and other communications under this Agreement shall be in
writing and shall be deemed duly given (i) if delivered by hand and signed for by the party
addressee, on the date of such receipt, or (ii) if mailed by certified or registered mail with
postage prepaid, on the third business day after the date postmarked. Addresses for notice to
either party are as shown on the signature page of this Agreement, or as subsequently modified by
written notice.

     12. Section Headings.

          The Section headings in this Agreement are solely for convenience and shall not be considered
in its interpretation.

     13. Waiver.

          A waiver by either party of any term or condition of the Agreement or any breach thereof, in
any one instance, shall not be deemed or construed to be a waiver of such term or condition or of
any subsequent breach thereof.

     14. Entire Agreement; Amendment.

          This instrument contains the entire integrated Agreement between the parties hereto and
supersedes all prior negotiations, representations or agreements, whether written or oral except
for the Corporation’s Certificate of Incorporation and Bylaws. It may be amended only by a written
instrument signed by a duly authorized officer of Corporation and by Indemnitee.

     15. Choice of Law.

          Except for that body of law governing choice of law, this Agreement shall be governed by, and
construed in accordance with, substantive laws of the State of Delaware which govern transactions
between Delaware residents.

     16. Mediation/Arbitration.

          (a) All disputes, claims or controversies arising out of or relating to this Agreement
(collectively, “Disputes”) shall be submitted to non-binding mediation by either party to an
impartial mediator, as agreed to by the parties, and appointed through JAMS in San Francisco,
California, for a good faith effort at resolution. The mediator shall review the Dispute within
thirty (30) days of submission or at such other time provided the parties so agree. Any mediation
fee shall be paid equally among the parties. Any Dispute which is not resolved through such
mandatory mediation shall be settled by final and binding arbitration before a single neutral
arbitrator of JAMS in accordance with the then current Commercial Arbitration Rules of the American
Arbitration Association in San Francisco, California. Judgment on the award rendered by the
arbitrator may be entered in any court in California. In the event that any

8

 

Dispute between Indemnitee and the Corporation should result in arbitration, the prevailing
party in the Dispute shall be entitled to recover from the other party all reasonable fees, costs
and expenses of enforcing any right of the prevailing party, including, without limitation,
reasonable attorneys’ fees, experts’ fees, and expenses. Each party agrees that the Dispute as
mediated and/or arbitrated and the final resolution of such Dispute shall be considered to be
confidential information, and shall be kept confidential by each party.

     (b) Indemnitee specifically acknowledges and understands that by agreeing to this provision,
Indemnitee is waiving all rights to have his or her claims brought, investigated, and/or
adjudicated by an administrative agency, or heard before a judge or jury. Indemnitee also
understands that Indemnitee’s rights to discovery may be lesser or narrower in arbitration, that
there may be fees and costs associated with mediation and/or arbitration that Indemnitee may not
otherwise have, and that Indemnitee is waiving substantial time that Indemnitee might otherwise
have to make a claim, prepare his or her case, or investigate his or her claims. The claims
include claims of any kind relating to Indemnitee’s relationship with the Corporation, including
claims relating to compensation, discrimination, any benefits, status as an officer, director or
Agent of the Corporation, conflict of interest, or any other claim or dispute relating to or
arising out of Indemnitee’s relationship with the Corporation. The underlying Disputes shall be
fully and finally resolved through arbitration, including any right to permanent injunctive relief.

     17. Consideration.

          Part of the consideration the Corporation is receiving from Indemnitee to enter into this
Agreement is Indemnitee’s agreement to serve or to continue to serve, as applicable, for the
present as an officer, director or Agent of the Corporation. Nothing in this Agreement shall
preclude Indemnitee from resigning as an officer, director or Agent of the Corporation nor the
Corporation, by action of its stockholders, board of directors, or officers, as the case may be,
from terminating Indemnitee’s services as an officer, director or Agent, as the case may be, with
or without cause.

[Remainder of page intentionally blank]

9

 

          IN WITNESS WHEREOF, the undersigned have executed this Agreement as of the date first above
written.

	 	 	 	 	 	 	 
	INDEMNITEE:	 	 	 	UCBH HOLDINGS, INC.
	 
	 	 	 	 	 	 
	 

	 	 	 	By	 	 
	 

	 	 	 	 	 	 
	Signature
	 	 	 	 	 	 
	 
	 	 	 	 	 	 
	 	 	 	 	 
	 	 	 	 	Printed Name and Title
	 

Printed Name

	 	 	 	 	 	 
	 
	 	 	 	 	 	 
	 
	 	 	 	 	 	 
	 	 	 
	(address)	 	 	 	(address)

10

 

EXHIBIT A

UNDERTAKING TO REPAY ADVANCEMENT

OF EXPENSES

     A. Indemnitee is or has been a director, officer, employee or other agent of UCBH HOLDINGS,
INC., a Delaware corporation (the “Corporation”); and

     B. On account of such fact, Indemnitee was or is or is threatened to be made a party to the
proceeding described and designated hereinafter (the “Proceeding”); and

     C. Indemnitee has requested that the Corporation advance to Indemnitee, prior to final
disposition of the Proceeding, Indemnitee’s costs and expenses incurred in defense of the
Proceeding; and

     D. As a condition to advancement of such expenses, the Corporation has required that the
present undertaking be made by or on behalf of Indemnitee.

The undersigned herein undertakes as follows:

(1) This undertaking is executed in accordance with and is subject to Section 145 of the Delaware
General Corporation Law, and that certain Indemnification Agreement between Indemnitee and the
Corporation dated
                    , and is subject to all provisions, including definitions of terms,
thereof.

(2) Indemnitee was or is or is threatened to be made a party to the following proceeding:

	 	 	 	 	 
	 

	 	Name of Claimant or Title

of Action or Proceeding:	 	 
	 

	 	 	 	 

1

 

	 	 	 	 	 
	 

	 	Court or Agency

(if any):
	 	 
	 

	 	 	 	 

	 	 	 	 	 
	 

	 	Date Filed Or Presented:	 	 
	 

	 	 
	 	 

	 	 	 	 	 
	 

	 	Status:
	 	 
	 

	 	 	 	 
	 
	 	 	 	 
	 

	 	 	 	 
	 
	 	 	 	 
	 

	 	 	 	 

	 	 	 	 	 
	 

	 	Indemnitee’s Counsel:
	 	 
	 

	 	 	 	 

	 	 	 	 	 
	 	 	Nature and Amount
	 

	 	of Claim:
	 	 
	 

	 	 	 	 
	 
	 	 	 	 
	 

	 	 	 	 
	 
	 	 	 	 
	 

	 	 	 	 
	 
	 	 	 	 
	 

	 	 	 	 

(3) In consideration of the advancement by the Corporation of Indemnitee’s expenses incurred or to
be incurred in defense of the Proceeding, the undersigned hereby undertakes to repay all amounts
advanced by the Corporation on account of Indemnitee’s defense of the Proceeding, unless it shall
be determined ultimately that Indemnitee is entitled to be indemnified with respect to the
Proceeding in accordance with Section 145 of the Delaware General Corporation Law.

	 	 	 	 	 	 	 
	Date:
	 	 	 	 	 	 
	 

	 	 
	 	 	 	 
	 

	 	 	 	 	 	(Signature of Indemnitee)
	 
	 	 	 	 	 	 
	 
	 	 	 	 	 	 
	 

	 	 	 	 	 	 
	 

	 	 	 	 	 	(Printed Name of Indemnitee)

2

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