Document:

EXHIBIT 4.9

LAKELAND FINANCIAL CORPORATION

2017 EQUITY INCENTIVE PLAN

NONQUALIFIED STOCK OPTION AWARD AGREEMENT

The Participant specified below is hereby granted a nonqualified stock option (the "Option") by Lakeland Financial Corporation, an Indiana corporation (the "Company"), under the Lakeland Financial Corporation 2017 Equity Incentive Plan (the "Plan"). The Option shall be subject to the terms of the Plan and the terms set forth in this Nonqualified Stock Option Award Agreement ("Award Agreement").

Section 1. Award. The Company hereby grants to the Participant the Option, which represents the right of the Participant to purchase the number of Covered Shares at the Exercise Price set forth in Section 2 below, subject to the terms of this Award Agreement and the Plan.

Section 2. Terms of Option Award. The following words and phrases relating to the Option shall have the following meanings:

(a)              The "Participant" is ______________________________.

(b)              The "Grant Date" is ______________________________.

(c)              The number of "Covered Shares" is ____________________ Shares.

(d)              The "Exercise Price" is $____________________ per Covered Share.

Except for words and phrases otherwise defined in this Award Agreement, any capitalized word or phrase in this Award Agreement shall have the meaning ascribed to it in the Plan.

Section 3. Nonqualified Stock Option. The Option is not intended to satisfy the requirements applicable to an "incentive stock option" described in Code Section 422(b).

Section 4. Vesting.

(a)              Each installment of Covered Shares set forth in the table immediately below (each, an "Installment") shall become vested and exercisable on the "Vesting Date" for such Installment set forth in the table immediately below; provided that the Participant's Termination of Service has not occurred prior thereto:

	
Installment

	
Vesting Date applicable to Installment

	
___% of Covered Shares

	 
	
___% of Covered Shares

	 
	
___% of Covered Shares

	 

(b)              Notwithstanding the foregoing provisions of this Section 4, all the Covered Shares shall become fully vested and immediately exercisable upon the Participant's Termination of Service due to the Participant's Disability or death.

(c)              Upon a Change in Control, the Option shall be treated in accordance with Section 4.1 of the Plan.

(d)              The Option shall not be exercisable on or after the Participant's Termination of Service, except as to that portion of Covered Shares for which it was exercisable immediately prior to such Termination of Service or became exercisable on the date of such Termination of Service.

Section 5. Expiration. Notwithstanding any term of this Award Agreement to the contrary, the Participant shall forfeit the Option in its entirety as of the Company's close of business on the last business day that occurs prior to the Expiration Date. The "Expiration Date" shall be the earliest to occur of the following:

(a)              the three-month anniversary of the Participant's Termination of Service other than due to the Participant's Disability or death or termination for Cause; provided, however, that if the Participant shall die after the date of Termination of Service but before the three-month anniversary of the Participant's Termination of Service, the Expiration Date shall automatically be extended to the one-year anniversary of Participant's Termination of Service;

(b)              the one-year anniversary of the Participant's Termination of Service due to the Participant's Disability or death;

(c)              the date of notice of the Participant's termination for Cause; or

(d)              the 10-year anniversary of the Grant Date.

Section 6. Exercise.

(a)              Method of Exercise. The vested portion of the Option may be exercised by the Participant in whole or in part by providing notice of option exercise to the Corporate Secretary of the Company at its corporate headquarters, in a form prescribed by the Committee or by satisfying such other procedures as shall be set forth by the Committee from time to time. Such notice shall specify the number of Covered Shares that the Participant elects to purchase, and shall be accompanied by payment of the Exercise Price for such Covered Shares as further set forth in Section 6(b) below.

(b)              Payment of Exercise Price. Without limitation of Section 8 below, the payment of the Exercise Price shall be by cash or, subject to limitations imposed by applicable law, by any of the following means unless otherwise determined by the Committee from time to time: (i) by tendering, either actually or by attestation, Shares acceptable to the Committee and valued at Fair Market Value as of the day of exercise; (ii) by irrevocably authorizing a third party, acceptable to the Committee, to sell Shares acquired upon exercise of the Option and to remit to the Company no later than the third business day following exercise of a sufficient portion of the sale proceeds to pay the entire Exercise Price and any tax withholding resulting from such exercise; (iii) by payment through a net exercise such that, without the payment of any funds, the Participant may exercise the Option and receive the net number of Shares equal in value to (A) the number of Shares as to which the Option is being exercised, multiplied by (B) a fraction, the numerator of which is the Fair Market Value (on the date of exercise) less the Exercise Price, and the denominator of which is such Fair Market Value (the number of net Shares to be received shall be rounded down to the nearest whole number of Shares); (iv) by personal, certified or cashiers' check; (v) by other property deemed acceptable by the Committee; or (vi) by any combination thereof.

(c)              Restrictions. The Option shall not be exercisable if and to the extent the Company determines that such exercise would violate any applicable laws or the applicable rules of any 

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securities exchange or similar entity, and shall not be exercisable during any blackout period established by the Company from time to time.

Section 7. Delivery of Shares. Delivery of Shares or other amounts under this Award Agreement and the Plan shall be subject to the following:

(a)              Compliance with Applicable Laws. Notwithstanding any other term of this Award Agreement or the Plan, the Company shall have no obligation to deliver any Shares or make any other distribution of benefits under this Award Agreement or the Plan unless such delivery or distribution complies with all applicable laws and the applicable rules of any securities exchange or similar entity.

(b)              Certificates Not Required. To the extent that this Award Agreement and the Plan provide for the issuance of Shares, such issuance may be effected on a non-certificated basis, to the extent not prohibited by applicable law or the applicable rules of any securities exchange or similar entity.

Section 8. Withholding. The exercise of the Option, and the Company's obligation to issue Shares upon exercise, is subject to withholding of all applicable taxes. Except as otherwise provided by the Committee, such withholding obligations may be satisfied (a) through cash payment by the Participant, (b) through the surrender of Shares that the Participant already owns or (c) through the surrender of Shares to which the Participant is otherwise entitled under the Plan; provided, however, that except as otherwise specifically provided by the Committee, such Shares under clause (c) may not be used to satisfy more than the maximum individual statutory tax rate for each applicable tax jurisdiction.

Section 9. Non-Transferability of Option. The Option, or any portion thereof, is not transferable except as designated by the Participant by will or by the laws of descent and distribution or pursuant to a domestic relations order. Except as provided in the immediately preceding sentence, the Option shall not be assigned, transferred, pledged, hypothecated or otherwise disposed of by the Participant in any way whether by operation of law or otherwise, and shall not be subject to execution, attachment or similar process. Any attempt at assignment, transfer, pledge, hypothecation or other disposition of the Option contrary to the provisions hereof, or the levy of any attachment or similar process upon the Option, shall be null and void and without effect.

Section 10. Heirs and Successors. This Award Agreement shall be binding upon, and inure to the benefit of, the Company and its successors and assigns, and upon any person acquiring all or substantially all of the Company's assets or business. If any rights of the Participant or benefits distributable to the Participant under this Award Agreement have not been settled or distributed at the time of the Participant's death, such rights shall be settled for and such benefits shall be distributed to the Designated Beneficiary in accordance with the provisions of this Award Agreement and the Plan. The "Designated Beneficiary" shall be the beneficiary or beneficiaries designated by the Participant in a writing filed with the Committee in such form as the Committee may require. The Participant's designation of beneficiary may be amended or revoked from time to time by the Participant in accordance with any procedures established by the Committee. If a Participant fails to designate a beneficiary, or if the Designated Beneficiary does not survive the Participant, any benefits that would have been provided to the Participant shall be provided to the legal representative of the estate of the Participant. If a Participant designates a beneficiary and the Designated Beneficiary survives the Participant but dies before the provision of the Designated Beneficiary's benefits under this Award Agreement, then any benefits that would have been provided to the Designated Beneficiary shall be provided to the legal representative of the estate of the Designated Beneficiary.

Section 11. Administration. The authority to manage and control the operation and administration of this Award Agreement and the Plan shall be vested in the Committee, and the 

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Committee shall have all powers with respect to this Award Agreement as it has with respect to the Plan. Any interpretation of this Award Agreement or the Plan by the Committee and any decision made by the Committee with respect to this Award Agreement or the Plan shall be final and binding on all persons.

Section 12. Plan Governs. Notwithstanding anything in this Award Agreement to the contrary, this Award Agreement shall be subject to the terms of the Plan, a copy of which may be obtained by the Participant from the office of the Corporate Secretary of the Company. This Award Agreement shall be subject to all interpretations, amendments, rules and regulations promulgated by the Committee from time to time. Notwithstanding any term of this Award Agreement to the contrary, in the event of any discrepancy between the corporate records of the Company and this Award Agreement, the corporate records of the Company shall control.

Section 13. Not an Employment Contract. Neither the Option nor this Award Agreement shall confer on the Participant any rights with respect to continuance of employment or other service with the Company or a Subsidiary, nor shall they interfere in any way with any right the Company or a Subsidiary may otherwise have to terminate or modify the terms of the Participant's employment or other service at any time.

Section 14. No Rights as Shareholder. The Participant shall not have any rights of a Shareholder with respect to the Covered Shares until a stock certificate or its equivalent has been duly issued following exercise of the Option as provided herein.

Section 15. Amendment. Without limitation of Section 18 and Section 19 below, this Award Agreement may be amended in accordance with the provisions of the Plan, and may otherwise be amended in writing by the Participant and the Company without the consent of any other person.

Section 16. Governing Law. This Award Agreement, the Plan and all actions taken in connection herewith and therewith shall be governed by and construed in accordance with the laws of the State of Indiana without reference to principles of conflict of laws, except as superseded by applicable federal law.

Section 17. Validity. If any provision of this Award Agreement is determined to be illegal or invalid for any reason, said illegality or invalidity shall not affect the remaining parts hereof, but this Award Agreement shall be construed and enforced as if such illegal or invalid provision had never been included herein.

Section 18. Section 409A Amendment. The Option is intended to be exempt from Code Section 409A and this Award Agreement shall be administered and interpreted in accordance with such intent. The Committee reserves the right (including the right to delegate such right) to unilaterally amend this Award Agreement without the consent of the Participant in order to maintain an exclusion from the application of, or to maintain compliance with, Code Section 409A; and the Participant hereby acknowledges and consents to such rights of the Committee.

Section 19. Clawback. The Option and any amount or benefit received under the Plan shall be subject to potential cancellation, recoupment, rescission, payback or other action in accordance with the terms of any applicable Company or Subsidiary clawback policy (the "Policy") or any applicable law, as may be in effect from time to time. The Participant hereby acknowledges and consents to the Company's or a Subsidiary's application, implementation and enforcement of (a) the Policy and any similar policy established by the Company or a Subsidiary that may apply to the Participant, whether adopted prior to or following the date of this Award Agreement and (b) any provision of applicable law relating to cancellation, rescission, payback or recoupment of compensation, and agrees that the Company 

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or a Subsidiary may take such actions as may be necessary to effectuate the Policy, any similar policy and applicable law without further consideration or action.

* * * * *

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IN WITNESS WHEREOF, the Company has caused this Award Agreement to be executed in its name and on its behalf, and the Participant acknowledges understanding and acceptance of, and agrees to, the terms of the Plan and this Award Agreement, all as of the Grant Date.

Lakeland Financial Corporation

By:  

Print Name: 

Title: 

Participant

  

Print Name: 

 

6EX-10.6

 Exhibit 10.6 

VOTING AGREEMENT 
 This
VOTING AGREEMENT (this “Agreement”), is dated as of February 2, 2017 by and between Entercom Communications Corp., a Pennsylvania corporation (the “Company”) and the shareholder of the Company listed on
signature page hereto (the “Shareholder”). Capitalized terms used herein and not otherwise defined herein shall have the meanings ascribed to such terms in the Merger Agreement (as defined below). 

WHEREAS, it is proposed that, concurrently with the execution of this Agreement, CBS Corporation, a Delaware corporation
(“CBS”), and CBS Radio Inc., a Delaware corporation and a wholly owned subsidiary of CBS (“Radio”), the Company and Constitution Merger Sub Corp., a Delaware corporation and a wholly owned subsidiary of the Company
(“Merger Sub”) will enter into an Agreement and Plan of Merger (the “Merger Agreement”), providing for, among other things, the merger (the “Merger”) of Merger Sub with and into Radio, with Radio
surviving as a wholly owned subsidiary of the Company 
 WHEREAS, it is proposed that, concurrently with the execution of this Agreement,
CBS and Radio will enter into a Separation Agreement (the “Separation Agreement”), pursuant to which, among other things, prior to or on the Distribution Date, (a) CBS Broadcasting Inc. will distribute all of the outstanding
equity of Radio to Westinghouse CBS Holding Company, Inc., a Delaware corporation (“Westinghouse”) (the “First Distribution”); (b) Westinghouse will distribute all of the outstanding equity of Radio to CBS (the
“Second Distribution” and, together with the First Distribution, the “Internal Distributions”); and (c) Radio shall effect the Stock Split (as defined in the Separation Agreement) (together with the Internal
Distributions, the “Radio Reorganization”), in each case on the terms and subject to the conditions set forth in this Agreement and the Separation Agreement; 

WHEREAS, pursuant to the Separation Agreement, following the consummation of the Internal Distributions, on the Distribution Date,
(i) CBS will consummate an offer to exchange (the “Exchange Offer”) all of the outstanding shares of Radio Common Stock for shares of CBS Class B Common Stock, par value $0.001 per share (“CBS Class B Common
Stock”) then outstanding and (ii) in the event that holders of CBS Class B Common Stock subscribe for less than all of the shares of Radio Common Stock in the Exchange Offer, CBS will distribute the remaining outstanding shares of
Radio Common Stock on a pro rata basis to holders of CBS Common Stock whose shares of CBS Common Stock remain outstanding after consummation of the Exchange Offer, so that CBS will be treated for U.S. federal income tax purposes as having
distributed all of the Radio Common Stock to its stockholders (the “Clean-Up Spin-Off”), considering, for the purposes of calculating the pro
rata distribution of Radio Common Stock pursuant to any Clean-Up Spin-Off, the CBS Class A Common Stock and CBS Class B Common Stock as a single class
(collectively, the “Final Distribution” and together with the Internal Distributions, the “Distributions”), in each case on the terms and subject to the conditions set forth in this Agreement and the Separation
Agreement 
 WHEREAS, it is proposed that upon the terms and subject to the conditions set forth in the Merger Agreement, following the
consummation of the Final Distribution, Merger Sub will merge with and into Radio in the Merger, with Radio surviving as a wholly owned subsidiary of the Company, and in which Merger all outstanding shares of Radio Common Stock will be

 
converted into shares of the Company’s Class A Common Stock, par value $0.01 per share, (the “Company Class A Common Stock”), on the terms and subject to the
conditions of the Merger Agreement, such that former holders of CBS Class B Common Stock will hold approximately 72% of the Company’s common stock on a fully-diluted basis following the Merger; 

WHEREAS, as of the date hereof, the Shareholder is the record owner of the Company’s Class B Common Stock, par value $0.01 per
share, (the “Company Class B Common Stock”) set forth on Schedule I; 
 WHEREAS, the Merger Agreement requires
(i) the affirmative approval by a majority of the aggregate voting power represented by the Acquiror Common Stock, voting as a single class, to approve the issuance of the Company Class A Common Stock pursuant to the Merger (the
“Issuance Approval”) and (ii) the affirmative approval by a majority of the aggregate voting power represented by the Acquiror Common Stock, voting as a single class, to approve amendments to the Acquiror Charter in order to
provide that the Acquiror Board shall be classified, effective as of the Effective Time (the “Amendment Approval” and, together with the Issuance Approval, the “Company Shareholder Approvals”). 

WHEREAS, as a condition to the Parties entry into and performance of their obligations under the Merger Agreement, the Shareholder has been
requested, and it has agreed, to enter into this Agreement. 
 WHEREAS, the Company Class B Common Stock owned as of the date hereof,
as set forth on Schedule I, and any Company Class B Common Stock that the Shareholder purchases, otherwise acquires or with respect to which the Shareholder otherwise acquires beneficial ownership of after the date hereof, over which it has
power of disposition and/or vote, as applicable (collectively, the “Subject Securities”), will become subject to the terms and conditions of this Agreement. 

NOW, THEREFORE, in consideration of the foregoing and the respective representations, warranties, covenants and agreements set forth below and
for other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties hereto, intending to be legally bound, do hereby agree as follows: 

1. Tendering of Shares. 

1.1. If the Company receives an Acquiror Acquisition Proposal that is structured as a tender or exchange offer, the Shareholder hereby agrees
not to tender, exchange or otherwise Transfer (as defined below) any Subject Securities it then owns into such offer for so long as this Section 1.1 shall remain in effect. 

1.2. Other Transfer Rights. Except as specifically set forth in this Agreement, the Shareholder will be entitled to hold and shall have
the right to exercise all rights related to the Transfer of its Subject Securities. 
 1.3. “Transfer” shall mean
(i) any direct or indirect offer, sale, assignment, encumbrance, pledge, hypothecation, disposition, loan or other transfer (by operation of Law or otherwise), either voluntary or involuntary, or entry into any contract, option or other

  
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arrangement or understanding with respect to any offer, sale, assignment, encumbrance, pledge, hypothecation, disposition, loan or other transfer (by operation of Law or otherwise), of any
Subject Securities (or any security convertible or exchangeable into Subject Securities) or interest in any Subject Securities, excluding, for the avoidance of doubt, entry into this Agreement, or (ii) entering into any swap or any other
agreement, transaction or series of transactions that hedges or transfers, in whole or in part, directly or indirectly, the economic consequence of ownership of such capital stock or interest in capital stock, whether any such swap, agreement,
transaction or series of transactions is to be settled by delivery of securities, in cash or otherwise. 
 2. Agreement to Vote and
Approve. 
 2.1. At every meeting of the shareholders of the Company called with respect to any of the following matters, and at every
adjournment or postponement thereof, and on every action or approval by written consent of the shareholders of the Company with respect to any of the following matters, the Shareholder shall, or shall cause the holder of record on any applicable
record date to (including via proxy), vote the Subject Securities owned by the Shareholder on the record date of the vote or votes to be held at such meeting: (a) in favor of the Merger and in favor of the adoption and approval of the Merger
Agreement, (b) in favor of the Issuance Approval, (c) in favor of the Amendment Approval, and (d) against (i) any proposal that would reasonably be expected to result in any condition to the consummation of (A) the Merger or the
conditions set forth in Article VIII of the Merger Agreement not being fulfilled or (B) any transaction contemplated by any Transaction Agreement not being fulfilled or (ii) any merger or agreement constituting an Acquiror Acquisition
Proposal or Acquiror Acquisition Agreement, other than the Transactions. 
 2.2. Other Voting Rights. Except as specifically set
forth in this Agreement, the Shareholder will be entitled to hold and shall have the right to exercise all rights related to the voting of its Subject Securities. 

3. Representations and Warranties of the Shareholder. The Shareholder hereby represents and warrants to the Company as follows: 

3.1. Due Authority. The Shareholder has the full power and authority to make, enter into and carry out the terms of this Agreement.
This Agreement has been duly and validly executed and delivered by the Shareholder and constitutes a valid and binding agreement of the Shareholder enforceable against it in accordance with its terms, except to the extent enforceability may be
limited by the effect of applicable bankruptcy, reorganization, insolvency, moratorium or other Laws affecting the enforcement of creditors’ rights generally and the effect of general principles of equity, regardless of whether such
enforceability is considered in a proceeding at Law or in equity. 
 3.2. Ownership of the Company Common Stock. As of the date
hereof, the Shareholder (i) is the record owner of the Company Class B Common Stock indicated on Schedule I hereto, free and clear of any and all Liens, other than those created by this Agreement, as disclosed on Schedule I or as would not
prevent the Shareholder from performing its obligations under this Agreement in any material respect, and (ii) has sole voting power over 

  
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all of the Company Class B Common Stock indicated on Schedule I hereto. As of the date hereof, the Shareholder does not own, beneficially or of record, any Company Class B Common Stock
other than the Company Class B Common Stock set forth on Schedule I. As of the date hereof, the Shareholder does not own, beneficially or of record, any rights to purchase or acquire any shares of capital stock of the Company except as set
forth on Schedule I. 
 3.3. No Conflict: Consents. 

(a) The execution and delivery of this Agreement by the Shareholder does not, and the performance by the Shareholder of the obligations under
this Agreement and the compliance by the Shareholder with any provisions hereof do not and will not: (i) conflict with or violate in any material respect any Laws applicable to the Shareholder, or (ii) result in any material breach of or
constitute a material default (or an event that with notice or lapse of time or both would become a material default) under, or give to others any rights of termination, amendment, acceleration or cancellation of, or result in the creation of a Lien
on any of the Company Class B Common Stock owned by the Shareholder and set forth on Schedule I pursuant to, any note, bond, mortgage, indenture, contract, agreement, lease, license, permit, franchise or other instrument or obligation to which
the Shareholder is a party or by which the Shareholder is bound. 
 (b) No material consent, approval, order or authorization of, or
registration, declaration or filing with, any Governmental Authority or any other Person, is required in order for the Shareholder to execute and deliver this Agreement or perform its obligations hereunder, except as amendments to the
Shareholder’s filings on Schedule 13D as required by the rules and regulations of the Exchange Act. 
 3.4. Absence of
Litigation. There is no action, suit, proceeding or, to the Shareholder’s actual knowledge, investigation (whether judicial, arbitral, administrative or other) (each an “Action”) pending against, or, to the knowledge of the
Shareholder, threatened against or affecting, the Shareholder that could reasonably be expected to materially impair or materially adversely affect the ability of the Shareholder to perform the Shareholder’s obligations hereunder. 

4. Notice of Certain Events. The Shareholder shall notify the Company promptly of the receipt by the Shareholder of any notice or other
communication from any Person alleging that the consent of such Person is or may be required in connection with this Agreement; provided that the delivery of any notice pursuant to this Section 4 shall not limit or otherwise affect the
remedies available to any party. 
 5. Termination. 

5.1. This Agreement, and all obligations, terms and conditions contained herein, shall automatically terminate in its entirety
(a) without any further action required by any Person immediately following the Effective Time and (b) by the mutual written consent of the parties hereto, provided that any such termination pursuant to this clause (b) shall
have been approved by a majority of the Independent Directors (other than the Shareholder, any of his family members or any of their affiliates). For purposes of this Agreement, “Independent Director” shall have the meaning set forth in
the Company’s amended and restated articles of incorporation. 

  
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 5.2. This Agreement, and all obligations, terms and conditions contained herein, shall
automatically terminate without any further action required by any Person, upon the termination of the Merger Agreement; provided, that, Sections 1 and 2.1 and 2.2 shall each survive until twelve (12) months after the date of the
termination of the Merger Agreement, unless the Merger Agreement is terminated (a) pursuant to Section 9.1(a) of the Merger Agreement or (b) by CBS or the Company (as applicable) (i) pursuant to Section 9.1(b) of the Merger Agreement,
unless (A) the Company’s failure to perform or observe in any material respect any covenant, obligation or other agreement contained in the Merger Agreement has been the primary cause of, or has resulted in, the failure of the conditions
set forth in Section 8.1(b) or Section 8.1(c) of the Merger Agreement to be satisfied or (B) the Acquiror Shareholder Approvals have not been obtained at the time of such termination and an Acquiror Acquisition Proposal has been publicly
announced or otherwise made publicly known and not withdrawn prior to such termination, (ii) pursuant to Section 9.1(d) of the Merger Agreement, (iii) pursuant to Section 9.1(h) of the Merger Agreement, unless the Company’s failure to
comply with Section 7.9 of the Merger Agreement is the primary cause of the action or inaction permitting termination pursuant to Section 9.1(h) of the Merger Agreement, or (iv) pursuant to Section 9.1(i) of the Merger Agreement, unless
the Company’s failure to comply with Section 7.9 is the primary cause of the action or inaction permitting termination pursuant to Section 9.1(i). 

5.3. Effect of Termination. In the event of termination of this Agreement pursuant to Sections 5.1 or 5.2, this Agreement or any part
hereof (as applicable) shall become void and of no effect with no liability on the part of any party hereto; provided that no such termination shall relieve any party hereto from any liability for any breach of this Agreement occurring prior
to such termination and the provisions of this Section 5 and Section 6 shall survive any such termination. 
 6.
Miscellaneous. 
 6.1. Severability. If any provision (or part thereof) of this Agreement, or the application of any provision
(or part thereof) to any Person or circumstance, shall be declared judicially to be invalid, unenforceable or void, such decision shall not have the effect of invalidating or voiding the remainder of this Agreement, it being the intent and agreement
of the parties hereto that this Agreement shall be deemed amended by modifying such provision (or part thereof) to the extent necessary to render it valid, legal and enforceable while preserving its intent or, if such modification is not possible,
by substituting therefor another provision that is legal and enforceable and that achieves the same objective. 
 6.2. Binding Effect and
Assignment. This Agreement and all of the provisions hereof shall be binding upon and inure to the benefit of the parties hereto and their respective successors and permitted assigns. This Agreement and all of the provisions hereof shall also be
binding upon any Person to whom the Shareholder Transfers the Subject Shares (including by bequest). 
 6.3. Amendments and
Modifications. This Agreement may not be modified, amended, altered or supplemented except upon the execution and delivery of a written agreement executed 

  
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by the parties hereto, provided that any modification, amendment, alteration or supplement (or waiver of any of the terms) of this Agreement must be approved by a majority of the
Independent Directors (other than the Shareholder, any of his family members or any of their affiliates). 
 6.4. Specific
Performance. In the event of any actual or threatened default in, or breach of, any of the terms, conditions and provisions of this Agreement, the party hereto who is thereby aggrieved will have the right to specific performance of the
transactions contemplated by this Agreement and injunctive or other equitable relief in respect of its rights under this Agreement, in addition to any and all other rights and remedies at law or in equity. The parties hereto agree that the remedies
at law for any breach or threatened breach, including monetary damages, are inadequate compensation for any loss and that any defense in any Action for specific performance that a remedy at law would be adequate is waived. Any requirements for the
securing or posting of any bond with such remedy are waived by each of the parties to this Agreement. 
 6.5. Notices. All notices
and other communications to be given to any party hereunder shall be sufficiently given for all purposes hereunder if in writing and delivered by hand, courier or overnight delivery service or three (3) days after being mailed by certified or
registered mail, return receipt requested, with appropriate postage prepaid, or when received in the form of a facsimile and shall be directed to the address set forth below (or at such other address or facsimile number as such party hereto shall
designate by like notice): 
 If to the Shareholder, to the address and facsimile set forth on Exhibit A attached hereto (and to the extent
indicated on Exhibit A, counsel or other designated representative of the Shareholder). 
 If to the Company, to: 

 

			
	Entercom Communications Corp.
	401 E. City Avenue, Suite 809
	Bala Cynwyd, PA 19004
	Fax:	  	(610) 660-5662
	Attention:	  	Andrew P. Sutor, IV,
		  	Senior Vice President and General Counsel

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

 

			
	Latham & Watkins LLP
	330 N. Wabash Ave., Suite 2800
	Chicago, IL 60611
	Fax:	  	(312) 993-9767
	Attention:	  	Zachary A. Judd
		  	Mark D. Gerstein

 Or to such other address as any party may have furnished to the other in writing in accordance herewith, except that notices
of change of address shall be effective upon receipt. 

  
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 6.6. Governing Law; Jurisdiction and Venue; Waiver of Jury Trial. 

(a) All disputes, claims or controversies arising out of or relating to this Agreement, or the interpretation, negotiation, validity,
enforceability or performance of this Agreement, or the transactions contemplated hereby, shall be governed by and construed in accordance with the laws of the Commonwealth of Pennsylvania without regard to its rules of conflict of laws which would
result in the application of the laws of any other jurisdiction. 
 (b) Each party hereto irrevocably submits to the jurisdiction of any
Delaware state or federal court in any Action arising out of or relating to this Agreement, and irrevocably agrees that all claims in respect of such Action may be heard and determined in such Delaware state or federal court. Each party hereto
irrevocably waives, to the fullest extent that it may effectively do so, the defense of an inconvenient forum to the maintenance of such Action. The parties hereto further agree, to the extent permitted by Law, that any final and nonappealable
judgment against any of them in any Action contemplated above shall be conclusive and may be enforced in any other jurisdiction within or outside the United States by suit on the judgment, a certified copy of which shall be conclusive evidence of
the fact and amount of such judgment. 
 6.7. EACH PARTY HERETO WAIVES (SUBJECT TO APPLICABLE LAW) TRIAL BY JURY IN ANY ACTION, PROCEEDING
OR COUNTERCLAIM BROUGHT BY ANY OF THEM AGAINST THE OTHER ARISING OUT OF OR IN ANY WAY CONNECTED WITH THIS AGREEMENT, OR ANY OTHER AGREEMENTS EXECUTED IN CONNECTION HEREWITH OR THE ADMINISTRATION THEREOF OR ANY OF THE TRANSACTIONS CONTEMPLATED HEREIN
OR THEREIN. NO PARTY SHALL SEEK A JURY TRIAL IN ANY LAWSUIT, PROCEEDING, COUNTERCLAIM OR ANY OTHER LITIGATION PROCEDURE BASED UPON, OR ARISING OUT OF, THIS AGREEMENT OR ANY RELATED INSTRUMENTS OR THE RELATIONSHIP BETWEEN THE PARTIES. NO PARTY WILL
SEEK TO CONSOLIDATE ANY SUCH ACTION IN WHICH A JURY TRIAL HAS BEEN WAIVED WITH ANY OTHER ACTION IN WHICH A JURY TRIAL CANNOT BE OR HAS NOT BEEN WAIVED. EACH PARTY CERTIFIES THAT IT HAS BEEN INDUCED TO ENTER INTO THIS AGREEMENT OR INSTRUMENT BY,
AMONG OTHER THINGS, THE MUTUAL WAIVERS AND CERTIFICATIONS SET FORTH ABOVE IN THIS SECTION 6.7. NO PARTY HAS IN ANY WAY AGREED WITH OR REPRESENTED TO ANY OTHER PARTY THAT THE PROVISIONS OF THIS SECTION 6.7 WILL NOT BE FULLY ENFORCED IN ALL INSTANCES.

 6.8. Entire Agreement. This Agreement contains the entire understanding of the parties in respect of the subject matter of the
voting of the Subject Securities, and supersedes all prior negotiations and understandings between the parties with respect to such subject matter. 

6.9. Counterparts. This Agreement may be executed in several counterparts, each of which shall be an original, but all of which
together shall constitute one and the same agreement. 
 6.10. Effect of Headings. The descriptive headings herein are inserted for
convenience of reference only and are not intended to be a substantive part of or to affect the meaning or interpretation of this Agreement. 

  
 -7- 

 6.11. No Agreement Until Executed. Irrespective of negotiations among the parties or the
exchanging of drafts of this Agreement, this Agreement shall not constitute or be deemed to evidence a contract, agreement, arrangement or understanding between the parties hereto unless and until the Merger Agreement is executed and delivered by
all parties thereto. 
 6.12. Expenses. All costs and expenses incurred in connection with this Agreement shall be paid by the party
incurring such cost or expense, whether or not the Merger is consummated. 
 6.13. Documentation and Information. The Shareholder
consents to and authorizes the publication and disclosure by the Company of the Shareholder’s identity and the aggregate holdings of all of the Subject Securities held by the Shareholder, and the nature of the Shareholder’s commitments,
arrangements and understandings under this Agreement, in any press release or any other disclosure document required in connection with the Merger or any other transaction contemplated by the Merger Agreement (in which circumstances, if required by
law, the individual holdings of the Shareholder may be disclosed); provided, that, prior to any such publication or disclosure, the Company shall provide such publication or disclosure to the Shareholder for review and incorporate any
revisions as reasonably requested by the Shareholder. As promptly as reasonably practicable, the Shareholder shall notify the Company of any required corrections with respect to any written information supplied by the Shareholder concerning this
Agreement and specifically for use in any such disclosure document, if and to the extent the Shareholder becomes aware that any have become false or misleading in any material respect. 

[Signature page follows] 

  
 -8- 

 IN WITNESS WHEREOF, the parties have caused this Agreement to be duly executed on the date and
year first above written. 
  

					
	ENTERCOM COMMUNICATIONS CORP.
		
	        By:	 	 /s/ Andrew P. Sutor, IV

		 	Name:	 	Andrew P. Sutor, IV
		 	Title:	 	Senior Vice President, General Counsel

 [Signature Page to Voting Agreement] 

 
			
	SHAREHOLDER:
		
	By:	 	 /s/ Joseph M. Field

	Name:	 	Joseph M. Field

 [Signature Page to Voting Agreement] 

 SCHEDULE I 
  

							
	 Name
	  	Company Class B Common Stock	 	  	 Notice Information

	 Joseph P. Field
	  	 	5,818,282	 	  	 1706 Rittenhouse Square Street
 #2601

Philadelphia, PA 19103

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