Document:

exv10w1

 

EXHIBIT 10.1

[Employee Name]

[Employee Home Address]

     Re: Amendment to 2002 Stock Option Equity Value Targets

Dear [Employee Name]:

     The purpose of this letter is to inform you that, at a meeting held on
September 24, 2004, the Company’s Board of Directors approved an amendment
to the Equity Value Targets for each outstanding Stock Option granted under
the Company’s 2002 Stock Option Plan.

     As you may be aware, the terms of the 2002 Stock Options permit the
Company to amend the Equity Value Targets (which are used for purposes of
determining whether the Stock Options vest) to reflect changes in the Company’s
business, including to reflect acquisitions, divestitures, or for such other
reasons as it deems appropriate. On March 31, 2004, the Company consummated a
refinancing transaction, which altered the Company’ s capital structure from
the structure in place at the time the 2002 Stock Options were granted.
Accordingly, the Board deemed it appropriate to adjust the Equity Value Targets
to give effect to this change in the Company’s capital structure.

     Set forth below is a table that shows the previous Equity Value
Targets and the amended Equity Value Targets for your 2002 Stock Options:

	 	 	 	 	 
	Fiscal Year Ended
	 	Old Equity Value Target
	 	New Equity Value Target

	December 31, 2003

	 	$430 million
	 	$415 million
	December 31, 2004

	 	$555 million
	 	$500 million
	December 31, 2005

	 	$885 million
	 	$670 million
	December 31, 2006

	 	$1,090 million
	 	$795 million

     This letter will serve as an amendment to your existing stock option
agreement(s) with respect to your 2002 Stock Options. Accordingly, we suggest
that you file this letter with your existing Stock Option agreement(s).

     If you have any questions please feel free to contact me at 972-695-1091.

Very truly yours,

Kenneth J. Cichocki

Sr. VP of Finance & CFO

1649 Frankford Rd. West
• Carrollton, TX 75007

 phone 972.695.1000 • www.homeinteriors.com<PAGE>

                                                                  EXHIBIT 10.(q)

SILSBEE TRADING AND TRANSPORTATION CORP.
August 1, 2004

Addendum to the Equipment Lease Agreement dated January 1, 2004

The Equipment lease Agreement shall be modified to include the lease of a JLG
Model 800 AJ Man lift. The lease price shall be $3,250.00 per month for a
period of 60 months.

At the end of the 60 month period, the title to the man lift shall pass to
South Hampton Refining Co. for $1.00 of Consideration.

South Hampton shall ensure that the man lift is properly insured under the Fire
and Extended Coverage policy and that STTC is properly covered as additional
named insured under the South Hampton General Liability Policy.

All other terms and conditions of the Lease shall remain the same.

      IN WITNESS WHEREOF, the parties shall cause this lease to be executed by
      their duly authorized representative this 1st day of August, 2004.

      Silsbee Trading and Transportation Corp.

      by /s/ N. Carter
         ---------------------

      Its President

      South Hampton Refining Co.

      by /s/ Connie Cook
         ---------------------

      Its Asst. Secretary

                                       1exv10w1

 

Exhibit 10.1

AMENDMENT NUMBER 1

TO SECOND AMENDED AND RESTATED LOAN AGREEMENT

     THIS AMENDMENT NUMBER 1, dated as of September 23, 2004 (this “Amendment”)
to the Second Amended and Restated Loan Agreement, dated as of September 23,
2003 (as amended or supplemented from time to time as permitted thereby, the
“Loan Agreement”), each among CRONOS FINANCE (BERMUDA) LIMITED, a company
organized and existing under the laws of the Islands of Bermuda (the “Issuer”),
FORTIS BANK (NEDERLAND) N.V. (f/k/a MeesPierson N.V.) (“Fortis”), a Naamloze
Vennootschap, as agent on behalf of the Noteholders (in such capacity, the
“Agent”), and Fortis, HOLLANDSCHE BANK-UNIE N.V. and NIB CAPITAL BANK N.V.,
each as a Noteholder (a “Noteholder”).

W I T N E S S E T H:

     WHEREAS, the Issuer, the Agent and the Noteholders have previously entered
into the Loan Agreement, dated as of September 23, 2003;

     WHEREAS, the parties hereto desire to amend the Loan Agreement in order
extend the Final Payment Date from September 23, 2004 to September 23, 2005;

     NOW THEREFORE, in consideration of the premises and mutual covenants
herein contained, the parties hereto agree as follows:

     SECTION 1. Defined Terms. Capitalized terms used in this Amendment and not
otherwise defined herein shall have the meanings assigned in the Loan
Agreement.

     SECTION 2. Full Force and Effect. Other than as specifically modified
hereby, the Loan Agreement shall remain in full force and effect in accordance
with the terms and provisions thereof and is hereby ratified and confirmed by
the parties hereto.

     SECTION 3. Amendment to the Loan Agreement. Effective upon the date
hereof, following the execution and delivery hereof,

     (a) The definition of “Final Payment Date” in Section 101 of the Loan
Agreement is hereby amended to read in its entirety as follows:

     “Final Payment Date: September 23, 2005, or if such date is not a
Banking Date, the Banking Day immediately preceding such date.”

E1

 

Exhibit 10.1

     SECTION 4. Representations, Warranties and Covenants.

     The Issuer hereby confirms that each of the representations, warranties
and covenants set forth in Articles V and VI of the Loan Agreement are true and
correct as of September 23, 2004 with the same effect as though each had been
made as of such date, except to the extent that any of such representations and
warranties expressly relate to earlier dates.

     SECTION 5. Effectiveness of Amendment; Terms of this Amendment.

     (a) This Amendment shall become effective on the date that the conditions
precedent set forth below are satisfied, which shall be in no event later than
September 23, 2004:

     (i) Amendment. The Agent shall have received this Amendment,
in form and substance satisfactory to the Noteholders, executed
and delivered by the Issuer and the parties hereto; and

     (ii) Renewal Fee Letter. The Noteholders shall have received
the Renewal Fee Letter, dated as of September 23, 2004, executed
and delivered by the Issuer and all other parties hereto.

     (b) This Amendment shall be binding upon and inure to the benefit of the
parties hereto and their respective successors and assigns.

     (c) On and after the execution and delivery hereof, (i) this Amendment
shall be a part of the Loan Agreement, and (ii) each reference in the Loan
Agreement to “this Agreement” or “hereof”, “hereunder” or words of like import,
and each reference in any other document to the Loan Agreement shall mean and
be a reference to the Loan Agreement as amended or modified hereby.

     SECTION 6. Execution in Counterparts. This Amendment may be executed by
the parties hereto in separate counterparts, each of which shall be deemed to
be an original and all of which shall constitute together but one and the same
agreement.

     SECTION 7. Governing Law. THIS AMENDMENT SHALL BE CONSTRUED IN ACCORDANCE
WITH THE LAWS OF THE STATE OF NEW YORK, WITHOUT REFERENCE TO CONFLICT OF LAW
PRINCIPLES; PROVIDED THAT SECTION 5-1401 AND 5-1402 OF THE NEW YORK GENERAL
OBLIGATIONS LAW SHALL APPLY, AND THE OBLIGATIONS, RIGHTS AND REMEDIES OF THE
PARTIES HEREUNDER SHALL BE DETERMINED IN ACCORDANCE WITH THE LAWS OF THE STATE
OF NEW YORK.

     SECTION 8. No Novation. Notwithstanding that the Loan Agreement is hereby
amended by this Amendment as of the date hereof, nothing contained herein shall
be deemed to cause a novation or discharge of any existing indebtedness of the
Issuer under the original Loan Agreement that was executed on

E2

 

Exhibit 10.1

September 23, 2003, as amended and supplemented to date, or the security
interest in the Collateral created thereby.

[Signature page follows.]

E3

 

Exhibit 10.1

     IN WITNESS WHEREOF, the parties hereto have executed and delivered this
Amendment on the date first above written.

	 	 	 	 	 
	 	CRONOS FINANCE (BERMUDA) LIMITED

 	 
	 	By:  	/s/ PETER J. YOUNGER
 	 
	 	 	Name:  	Peter J. Younger 	 
	 	 	Title:  	Director 	 
	 

E4

 

Exhibit 10.1

	 	 	 	 	 
	 	FORTIS BANK (NEDERLAND) N.V., as Agent

and Noteholder

 	 
	 	By:  	/s/  P.R.G. ZAMAN
 	 
	 	 	Name:  	P.R.G. Zaman 	 
	 	 	Title:  	Deputy Director 	 
	 
	 	 	 
	 	By:  	                                      /s/ M.A.N.  VAN LACUM
 	 
	 	 	Name:  	M.A.N.  van Lacum 	 
	 	 	Title:  	Assistant Vice President 	 
	 

E5

 

Exhibit 10.1

	 	 	 	 	 
	 	NIB CAPITAL BANK N.V., as Noteholder

 	 
	 	By:  	/s/ HANS SCHOLTEN
 	 
	 	 	Name:  	Hans  Scholten 	 
	 	 	Title:  	Associate Director 	 
	 
	 	 	 
	 	By:  	                                      /s/ MAURICE WYMANS
 	 
	 	 	Name:  	Maurice Wymans 	 
	 	 	Title:  	Vice President 	 
	 

E6

 

Exhibit 10.1

	 	 	 	 	 
	 	HOLLANDSCHE BANK-UNIE N.V., as

Noteholder

 	 
	 	By:  	/s/ L.J.M. BLOEMHEUVEL
 	 
	 	 	Name:  	L.J.M. Bloemheuvel 	 
	 	 	Title:  	Proxy 	 
	 
	 	 	 
	 	By:  	                                      /s/  R.A.C. COEMAADTS
 	 
	 	 	Name:  	R.A.C. Coemaadts 	 
	 	 	Title:  	Proxy 	 
	 

E7exv10w1

 

EXHIBIT 10.1

TRANCHE D TERM LOAN AGREEMENT

dated as of

August 12, 2004

LAMAR MEDIA CORP.

JPMORGAN SECURITIES INC.

as Sole Lead Arranger and Sole Bookrunner

JPMORGAN CHASE BANK,

as Administrative Agent

 

 

TRANCHE D TERM LOAN AGREEMENT

          TRANCHE D TERM LOAN AGREEMENT dated as of August 12, 2004 between LAMAR
MEDIA CORP. (the “Borrower”), the SUBSIDIARY GUARANTORS party hereto (the
“Subsidiary Guarantors”), the TRANCHE D TERM LOAN LENDERS party hereto
(including each Tranche D Lender as defined below that becomes a party hereto
pursuant to a Lender Addendum as defined below and JPMORGAN CHASE BANK, as
Administrative Agent for the lenders (in such capacity, together with its
successors in such capacity, the “Administrative Agent”).

          The Borrower, the Subsidiary Guarantors party thereto, the lenders party
thereto and JPMorgan Chase Bank, as the Administrative Agent, are parties to a
Credit Agreement dated as of March 7, 2003 (as heretofore amended, the “Credit
Agreement”).

          Section 2.01(d) of the Credit Agreement (as heretofore amended)
contemplates that at any time and from time to time, the Borrower may request
that one or more persons (which may include the Lenders under and as defined in
the Credit Agreement) offer to enter into commitments to make (or, as provided
herein, to convert Tranche C Term Loans into) Incremental Loans under and as
defined in said Section 2.01(d), subject to the conditions specified in said
Section 2.01(d). The Borrower has now requested that $550,000,000 in aggregate
principal amount of Incremental Loans under said Section 2.01(d) be made
available to it in a single series of term loans. The Tranche D Lenders (as
defined below) are willing to make (or to convert Tranche C Term Loans into)
such loans on the terms and conditions set forth below and in accordance with
the applicable provisions of the Credit Agreement, and accordingly, the parties
hereto hereby agree as follows:

ARTICLE I

DEFINED TERMS

          Terms defined in the Credit Agreement are used herein as defined therein.
In addition, the following terms have the meanings specified below:

     “Lender Addendum” means, with respect to any Tranche D Lender, a
Lender Addendum substantially in form of Annex 1 hereto, dated as of the
date hereof and executed and delivered by such Tranche D Lender as
provided in Section 2.05.

     “Tranche D Term Loan” means a Loan made (or, as provided herein,
converted from Tranche C Term Loans) pursuant to this Agreement which
shall constitute a single Series of Incremental Loans under Section
2.01(d) of the Credit Agreement.

- 2 -

 

     “Tranche D Commitment” means, with respect to each Tranche D Lender,
the commitment of such Lender to make Tranche D Term Loans hereunder (or,
as provided herein, to convert Tranche C Term Loans into Tranche D Terms
Loans hereunder). The amount of each Tranche D Lender’s Tranche D
Commitment is set forth in the Lender Addendum executed and delivered by
such Tranche D Lender. The aggregate original amount of the Tranche D
Commitments is $550,000,000.

     “Tranche D Term Loan Effective Date” means the date on which the
conditions specified in Article IV are satisfied (or waived by the
Required Tranche D Lenders).

     “Tranche D Lender” means (a) on the date hereof, a Lender that has
executed and delivered a Lender Addendum and (b) thereafter, the Lenders
from time to time holding Tranche D Commitments or Tranche D Term Loans
after giving effect to any assignments thereof pursuant to Section 10.04
of the Credit Agreement.

ARTICLE II

TRANCHE D TERM LOANS

          Section 2.01. Commitments. Subject to the terms and conditions set forth
herein and in the Credit Agreement, each Tranche D Lender agrees to make
Tranche D Term Loans to the Borrower (or, as provided below, to convert Tranche
C Term Loans), in an aggregate principal amount equal to such Tranche D
Lender’s Tranche D Commitment. Proceeds of Tranche D Term Loans shall be
available solely for application to the prepayment of the outstanding principal
of and accrued and unpaid interest on the Tranche C Term Loans.

          Notwithstanding the foregoing, it is understood and agreed that any
Tranche D Lender that also holds any Tranche C Term Loans may elect, by notice
to the Administrative Agent, that the Tranche D Term Loans required to be made
by such Lender on the Amendment No. 2 Effective Date shall, to the extent of
the portion of such Tranche D Term Loans not exceeding the aggregate principal
amount of the Tranche C Term Loans of such Lender, be made through such Tranche
C Term Loans being converted into Tranche D Term Loans (and each reference in
this Agreement or the Credit Agreement to the “making” of any Tranche D Term
Loan, or words of similar import, shall in the case of such Lender be deemed to
include such conversion). Without limiting the generality of the foregoing, it
is understood that the Tranche D Term Loans into which the Tranche C Term Loans
are so converted shall be treated identically to the Tranche D Terms Loans
being funded (and not being converted from Tranche C Term Loans) on the Tranche
D Term Loan Effective Date and shall have identical Interest Periods in
identical proportions and durations as all other Tranche D Loans (and, for
these purposes, any Interest Periods for Tranche C Term Loans that are
Eurodollar Loans in effect on the Tranche D Term Loan Effective Date shall be
terminated on the Tranche D Term Loan Effective Date, and any such converting
Lender shall be paid accrued interest on its Tranche C Term Loans being so
converted, together with any amounts payable under Section 2.14 of the Credit
Agreement, as if

- 3 -

 

the Tranche C Term Loans were being prepaid in full on the Tranche D Term Loan
Effective Date).

          Section 2.02. Termination of Commitments. Unless previously terminated,
the Tranche D Commitments shall terminate after the Borrowing of the Tranche D
Term Loans on the Tranche D Term Loan Effective Date.

          Section 2.03. Repayment of Loans. The Borrower hereby unconditionally
promises to pay to the Administrative Agent for the account of the Tranche D
Lenders the principal of the Tranche D Term Loans in twenty-two installments
payable on the Principal Payment Dates as follows:

	 	 	 	 	 
	Principal Payment Date:
	 	Amount of Installment:

	March 31, 2005
	 	$	1,375,000	 
	June 30, 2005
	 	$	1,375,000	 
	September 30, 2005
	 	$	1,375,000	 
	December 31, 2005
	 	$	1,375,000	 
	March 31, 2006
	 	$	1,375,000	 
	June 30, 2006
	 	$	1,375,000	 
	September 30, 2006
	 	$	1,375,000	 
	December 31, 2006
	 	$	1,375,000	 
	March 31, 2007
	 	$	1,375,000	 
	June 30, 2007
	 	$	1,375,000	 
	September 30, 2007
	 	$	1,375,000	 
	December 31, 2007
	 	$	1,375,000	 
	March 31, 2008
	 	$	1,375,000	 
	June 30, 2008
	 	$	1,375,000	 
	September 30, 2008
	 	$	1,375,000	 
	December 31, 2008
	 	$	1,375,000	 
	March 31, 2009
	 	$	1,375,000	 
	June 30, 2009
	 	$	1,375,000	 
	September 30, 2009
	 	$	1,375,000	 
	December 31, 2009
	 	$	1,375,000	 
	March 31, 2010
	 	$	261,250,000	 
	June 30, 2010
	 	$	261,250,000	 

- 4 -

 

          Notwithstanding the foregoing, if on any date (the “Test Date”), the
maturity date for any then-outstanding Senior Subordinated Notes, New Senior
Subordinated Notes or New Senior Notes, or of any other convertible notes or
notes offered and sold publicly or under Rule 144A (other than the Senior
Secured Notes) shall fall within six months of the Test Date then the Tranche D
Term Loans shall be paid in full on the date that is three months after the
Test Date, provided that the foregoing shall not apply if the Required Tranche
D Lenders shall elect otherwise at any time prior to the Test Date.

          Section 2.04. Applicable Rate. The Applicable Rate means, in the case of
Tranche D Term Loans, for any day, 0.75% with respect to any Base Rate Loan and
1.75% with respect to any Eurodollar Loan.

          Section 2.05. Delivery of Lender Addenda. Each Tranche D Lender shall
become a party to this Agreement by delivering to the Administrative Agent a
Lender Addendum duly executed by such Tranche D Lender, the Borrower and the
Administrative Agent.

          Section 2.06. Status of Agreement. Tranche D Commitments of each Tranche
D Lender constitute Incremental Loan Commitments and each Tranche D Lender
constitutes an Incremental Loan Lender, in each case under and for all purposes
of the Credit Agreement. The Tranche D Term Loans constitute a single “Series”
of Incremental Loans under Section 2.01(d) of the Credit Agreement.

ARTICLE III

REPRESENTATION AND WARRANTIES; NO DEFAULTS

          The Borrower and each Subsidiary Guarantor represents and warrants to the
Lenders and the Administrative Agent as to itself and each of its subsidiaries
that, after giving effect to the provisions hereof, (i) each of the
representations and warranties set forth in Article IV of the Credit Agreement
is true and correct on and as of the date hereof as if made on and as of the
date hereof (or, if any such representation or warranty is expressly stated to
have been made as of a specific date, such representation or warranty is true
and correct as of such specific date) and as if each reference therein to the
Credit Agreement or Loan Documents included reference to this Agreement and
(ii) no Default or Event of Default has occurred and is continuing.

- 5 -

 

ARTICLE IV

CONDITIONS

          The obligations of the Tranche D Lenders to make (or, as provided herein,
to convert Tranche C Term Loans into) the Tranche D Term Loans is subject to
the conditions precedent that each of the following conditions shall have been
satisfied (or waived by the Required Tranche D Lenders):

     (a) Counterparts of Agreement. The Administrative Agent (or
Special Counsel) shall have received from each party hereto either (i) a
counterpart of this Agreement signed on behalf of such party or (ii)
written evidence satisfactory to the Administrative Agent (which may
include telecopy transmission of a signed signature page of this
Agreement) that such party has signed a counterpart of this Agreement.

     (b) Opinion of Counsel to Credit Parties. The Administrative Agent
(or Special Counsel) shall have received a favorable written opinion
(addressed to the Administrative Agent and the Tranche D Lenders and
dated the Tranche D Term Loan Effective Date) of Kean, Miller, Hawthorne,
D’Armond, McCowan & Jarman, L.L.P., counsel to the Credit Parties,
substantially in the form of Annex 2 (and each Credit Party hereby
requests such counsel to deliver such opinion).

     (c) Opinion of Special Counsel. The Administrative Agent shall
have received a favorable written legal opinion (addressed to the
Administrative Agent and the Tranche D Lenders and dated the Tranche D
Term Loan Effective Date) of Special Counsel, substantially in the form
of Annex 3 (and the Administrative Agent hereby requests Special Counsel
to deliver such opinion).

     (d) Corporate Matters. The Administrative Agent (or Special
Counsel) shall have received such documents and certificates as the
Administrative Agent or Special Counsel may reasonably request relating
to the organization, existence and good standing of each Credit Party,
the authorization of the Borrowings hereunder and any other legal matters
relating to the Credit Parties, the Credit Agreement or this Agreement,
all in form and substance reasonably satisfactory to the Administrative
Agent.

     (e) Notes. The Administrative Agent (or Special Counsel) shall
have received for each Tranche D Lender that shall have requested a
promissory note at least one Business Day prior to the Tranche D Term
Loan Effective Date, a duly completed and executed promissory note for
such Lender.

     (f) Fees and Expenses. JPMorgan Securities Inc. shall have
received all fees and other amounts due and payable on or prior to the
Tranche D Term Loan Effective Date,

- 6 -

 

including, to the extent invoiced, reimbursement or payment of all
out-of-pocket expenses required to be reimbursed or paid by the Borrower
hereunder.

     (g) Prepayment of Tranche C Term Loans. The principal of and
interest on and all other amounts (including any amounts payable under
Section 2.14 of the Credit Agreement) owing in respect of the Tranche C
Term Loans shall have been (or shall be concurrently) prepaid in full
from funds available to the Borrower and the proceeds of the Tranche D
Term Loans.

     (h) Additional Conditions. Each of the conditions precedent set
forth in Sections 5.02 and 5.03 of the Credit Agreement to the making of
(or, as provided herein, to converting Tranche C Term Loans into) Tranche
D Term Loans on the Tranche D Term Loan Effective Date shall have been
satisfied, and the Administrative Agent (or Special Counsel) shall have
received a certificate to such effect, dated the Tranche D Term Loan
Effective Date and signed by the President, Vice President or a Financial
Officer of the Borrower.

ARTICLE V

MISCELLANEOUS

          SECTION 5.01. Expenses. The Credit Parties jointly and severally agree
to pay, or reimburse JPMorgan Securities Inc. for paying, all reasonable
out-of-pocket expenses incurred by JPMorgan Securities Inc. and its Affiliates,
including the reasonable fees, charges and disbursements of Special Counsel, in
connection with the syndication of the Incremental Loans provided for herein
and the preparation of this Agreement.

          SECTION 5.02. Counterparts; Integration; Effectiveness. This Agreement
may be executed in counterparts (and by different parties hereto on different
counterparts), each of which shall constitute an original, but all of which
when taken together shall constitute a single contract. This Agreement shall
become effective when this Agreement shall have been executed by the
Administrative Agent and when the Administrative Agent shall have received
counterparts hereof which, when taken together, bear the signatures of each of
the other parties hereto, and thereafter shall be binding upon and inure to the
benefit of the parties hereto and their respective successors and assigns.
Delivery of an executed counterpart of a signature page of this Agreement by
telecopy shall be effective as delivery of a manually executed counterpart of
this Agreement.

          SECTION 5.03. Governing Law. This Agreement shall be governed by, and
construed in accordance with, the law of the State of New York.

- 7 -

 

          SECTION 5.04. Headings. Article and Section headings used herein are for
convenience of reference only, are not part of this Agreement and shall not
affect the construction of, or be taken into consideration in interpreting,
this Agreement.

- 8 -

 

          IN WITNESS WHEREOF, the parties hereto have caused this Agreement to be
duly executed by their respective authorized officers as of the day and year
first above written.

	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	LAMAR MEDIA CORP.	 	 
	 
	 	 	 	 	 	 	 	 	 	 
	

	 	 	 	By:
	 	/s/
	 	Keith Istre	 	 
	 	 	 	 	 	 	
 	 	 
	 	 	 	 	 	 	Title:	 	 
	 
	 	 	 	 	 	 	 	 	 	 
	 	 	SUBSIDIARY GUARANTORS
	 
	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	LAMAR ADVERTISING
OF COLORADO SPRINGS, INC.

LAMAR TEXAS
GENERAL PARTNER, INC.

TLC PROPERTIES,
INC.

TLC PROPERTIES
II, INC.

LAMAR PENSACOLA
TRANSIT, INC.

LAMAR ADVERTISING
OF YOUNGSTOWN, INC.

NEBRASKA LOGOS, INC.

OHIO LOGOS, INC.

UTAH LOGOS, INC.

SOUTH CAROLINA
LOGOS, INC.

MINNESOTA LOGOS, INC.

MICHIGAN LOGOS, INC.

FLORIDA LOGOS, INC.

NEVADA LOGOS, INC.

TENNESSEE LOGOS, INC.

KANSAS LOGOS, INC.

COLORADO LOGOS, INC.

NEW MEXICO LOGOS,
INC.

CANADIAN TODS LIMITED

LAMAR ADVERTISING
OF MICHIGAN, INC.

LAMAR ELECTRICAL,
INC.

AMERICAN SIGNS, INC.

LAMAR OCI NORTH
CORPORATION

LAMAR OCI SOUTH
CORPORATION

LAMAR ADVERTISING
OF KENTUCKY, INC.

LAMAR FLORIDA,
INC.

LAMAR ADVAN, INC.

LAMAR ADVERTISING
OF SOUTH DAKOTA, INC.

LAMAR CENTRAL
OUTDOOR, INC.

LAMAR ADVANTAGE
HOLDING COMPANY
	 	 

- 9 -

 

	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	LAMAR OHIO OUTDOOR
HOLDING CORP.

LAMAR BENCHES,
INC.

LAMAR I-40 WEST,
INC.

LAMAR ADVERTISING
OF OKLAHOMA, INC.

LAMAR OKLAHOMA HOLDING COMPANY, INC.

HARDIN DEVELOPMENT CORPORATION

PARSONS DEVELOPMENT COMPANY

REVOLUTION OUTDOOR ADVERTISING, INC.

OUTDOOR MARKETING SYSTEMS, INC.

LAMAR ADVERTISING SOUTHWEST, INC.

LAMAR DOA TENNESSEE HOLDINGS, INC.

LAMAR DOA TENNESSEE, INC.

TRANS WEST OUTDOOR ADVERTISING, INC.

PREMERE OUTDOOR, INC.

HAM DEVELOPMENT CORPORATION

10 OUTDOOR ADVERTISING, INC.

LAMAR CALIFORNIA ACQUISITION CORPORATION

LAMAR CANADIAN OUTDOOR COMPANY
	 	 
	 
	 	 	 	 	 	 	 	 	 	 
	

	 	 	 	By:
	 	/s/
	 	Keith Istre	 	 
	 	 	 	 	 	 	
 	 	 
	

	 	 	 	 	 	 	 	Keith A. Istre

Vice President -Finance and

Chief Financial Officer
	 	 

- 10 -

 

	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	MISSOURI LOGOS, LLC

KENTUCKY LOGOS, LLC

OKLAHOMA LOGOS, L.L.C.

MISSISSIPPI LOGOS, L.LC.

DELAWARE LOGOS, L.L.C.

NEW JERSEY LOGOS, L.L.C.

GEORGIA LOGOS, LLC

VIRGINIA LOGOS, LLC

MAINE LOGOS, L.L.C.

WASHINGTON LOGOS, L.L.C.	 	 
	 
	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	By: Interstate Logos, L.L.C.

Its: Managing Member

By: Lamar Media Corp., Its: Managing Member	 	 
	 
	 	 	 	 	 	 	 	 	 	 
	

	 	 	 	By:
	 	/s/
	 	Keith Istre	 	 
	 	 	 	 	 	 	
 	 	 
	

	 	 	 	 	 	 	 	Keith A. Istre

Vice President - Finance and

Chief Financial Officer
	 	 
	 
	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	INTERSTATE LOGOS, L.L.C.	 	 
	 
	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	By: Lamar Media Corp.,

Its: Managing Member	 	 
	 
	 	 	 	 	 	 	 	 	 	 
	

	 	 	 	By:
	 	/s/
	 	Keith Istre	 	 
	 	 	 	 	 	 	
 	 	 
	

	 	 	 	 	 	 	 	Keith A. Istre

Vice President - Finance and

Chief Financial Officer	 	 

- 11 -

 

	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	LAMAR ADVERTISING OF PENN, LLC

LAMAR ADVERTISING OF LOUISIANA, L.L.C.

LAMAR TENNESSEE, L.L.C.

LAMAR AIR, L.L.C.

LC BILLBOARD, L.L.C.

ADVANTAGE ADVERTISING, LLC	 	 
	 
	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	By: The Lamar Company, L.L.C.

Its: Managing Member

By: Lamar Media Corp.

Its: Managing Member	 	 
	 
	 	 	 	 	 	 	 	 	 	 
	

	 	 	 	By:
	 	/s/
	 	Keith Istre	 	 
	 	 	 	 	 	 	
 	 	 
	

	 	 	 	 	 	 	 	Keith A. Istre

Vice President - Finance and

Chief Financial Officer	 	 
	 
	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	THE LAMAR COMPANY, L.L.C.	 	 
	 
	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	By: Lamar Media Corp.,

Its: Managing Member	 	 
	 
	 	 	 	 	 	 	 	 	 	 
	

	 	 	 	By:
	 	/s/
	 	Keith Istre	 	 
	 	 	 	 	 	 	
 	 	 
	

	 	 	 	 	 	 	 	Keith A. Istre

Vice President - Finance and

Chief Financial Officer	 	 
	 
	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	LAMAR TEXAS LIMITED PARTNERSHIP	 	 
	 
	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	By: Lamar Texas General Partner, Inc.

Its: General Partner	 	 
	 
	 	 	 	 	 	 	 	 	 	 
	

	 	 	 	By:
	 	/s/
	 	Keith Istre	 	 
	 	 	 	 	 	 	
 	 	 
	

	 	 	 	 	 	 	 	Keith A. Istre

Vice President - Finance and

Chief Financial Officer	 	 

- 12 -

 

	 	 	 	 	 	 	 
	 	 	TLC PROPERTIES, L.L.C.

TLC FARMS, L.L.C.
	 
	 	 	 	 	 	 
	 	 	By: TLC Properties, Inc.

Its: Managing Member
	 
	 	 	 	 	 	 
	

	 	By:
	 	/s/
	 	Keith Istre
	 	 	 	 	
 
	

	 	 	 	 	 	Keith A. Istre

Vice President - Finance and

Chief Financial Officer
	 
	 	 	 	 	 	 
	 	 	OUTDOOR PROMOTIONS WEST, LLC

TRANSIT AMERICA LAS VEGAS, L.L.C.

LAMAR TRANSIT ADVERTISING OF NEW ORLEANS, LLC

TRIUMPH OUTDOOR RHODE ISLAND, LLC

By: Triumph Outdoor Holdings, LLC

Its: Managing Member

By: Lamar Central Outdoor, Inc.

Its: Managing Member

	 
	 	 	 	 	 	 
	

	 	By:
	 	/s/
	 	Keith Istre
	 	 	 	 	
 
	

	 	 	 	 	 	Keith A. Istre

Vice President - Finance and

Chief Financial Officer
	 
	 	 	 	 	 	 
	 	 	TRIUMPH OUTDOOR HOLDINGS, LLC

LAMAR ADVANTAGE GP COMPANY, LLC

LAMAR ADVANTAGE LP COMPANY, LLC

By: Lamar Central Outdoor, Inc.

Its: Managing Member
	 
	 	 	 	 	 	 
	

	 	By:
	 	/s/
	 	Keith Istre
	 	 	 	 	
 
	

	 	 	 	 	 	Keith A. Istre

Vice President - Finance and

Chief Financial Officer

- 13 -

 

	 	 	 	 	 	 	 
	 	 	LAMAR ADVANTAGE OUTDOOR COMPANY, L.P.

By: Lamar Advantage GP Company, LLC

Its: General Partner

By: Lamar Central Outdoor, Inc.

Its: Managing Member
	 
	 	 	 	 	 	 
	

	 	By:
	 	/s/
	 	Keith Istre
	 	 	 	 	
 
	

	 	 	 	 	 	Keith A. Istre

Vice President-Finance and

Chief Financial Officer

	 
	 	 	 	 	 	 
	 	 	LAMAR T.T.R., L.L.C.

By: Lamar Advertising of Youngstown, Inc.

Its: Managing Member
	 
	 	 	 	 	 	 
	

	 	By:
	 	/s/
	 	Keith Istre
	 	 	 	 	
 
	

	 	 	 	 	 	Keith A. Istre

Vice President-Finance and

Chief Financial Officer
	 
	 	 	 	 	 	 
	 	 	TEXAS LOGOS, L.P.

By: Oklahoma Logos, L.L.C.

Its: General Partner

By: Interstate Logos, L.L.C.

Its: Managing Member

By: Lamar Media Corp.

Its: Managing Member
	 
	 	 	 	 	 	 
	

	 	By:
	 	/s/
	 	Keith Istre
	 	 	 	 	
 
	

	 	 	 	 	 	Keith A. Istre

Vice President-Finance and

Chief Financial Officer

- 14 -

 

	 	 	 	 	 	 	 
	 	 	OUTDOOR MARKETING SYSTEMS, L.L.C.

By: Outdoor Marketing Systems, Inc.

Its: Managing Member
	 
	 	 	 	 	 	 
	

	 	By:
	 	/s/
	 	Keith Istre
	 	 	 	 	
 
	

	 	 	 	 	 	Keith A. Istre

Vice President-Finance and

Chief Financial Officer
	 
	 	 	 	 	 	 
	 	 	STOKELY AD AGENCY, L.L.C.

By: Lamar Central Outdoor, Inc.

Its: Managing Member
	 
	 	 	 	 	 	 
	

	 	By:
	 	/s/
	 	Keith Istre
	 	 	 	 	
 
	

	 	 	 	 	 	Keith A. Istre

Vice President-Finance and

Chief Financial Officer

- 15 -

 

	 	 	 	 	 
	 	 	JPMORGAN CHASE BANK,

  as Administrative Agent
	 
	 	 	 	 
	

	 	By:
	 	/s/ Joan M. Fitzgibbon
	

	 	 	 	
 
	 	 	  Name: Joan M. Fitzgibbon

  Title: Managing Director

          By its signature below, the undersigned hereby consents to the foregoing
Tranche D Term Loan Agreement and confirms that the Tranche D Term Loans shall
constitute “Guaranteed Obligations” under and as defined in the Holdings
Guaranty and Pledge Agreement and shall be entitled to the benefits of the
Guarantee and security provided under the Holdings Guaranty and Pledge
Agreement.

	 	 	 	 	 
	 	 	LAMAR ADVERTISING COMPANY
	 
	 	 	 	 
	

	 	By:
	 	/s/ Keith Istre
	

	 	 	 	
 
	

	 	 	 	Name:
	

	 	 	 	Title:

- 16 -

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00074-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00074-of-00352.parquet"}], [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00074-of-00352.parquet"}], [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00074-of-00352.parquet"}]]