Document:

CMLS 20131231-EX 4.17

Exhibit 4.17
FOURTH SUPPLEMENTAL INDENTURE
This Fourth Supplemental Indenture, dated as of December 23, 2013 (this “Fourth Supplemental Indenture”), by and among Cumulus Media Holdings Inc., a Delaware corporation (the “Issuer”), as successor in interest to Cumulus Media Inc., a Delaware corporation and the Issuer’s Parent, each of the Subsidiaries of the Issuer identified on the signature pages hereof (each, a “New Guarantor”), and U.S. Bank National Association, a banking corporation organized and existing under the laws of the United States (the “Trustee”), as Trustee, and as transfer agent, registrar, authentication agent and paying agent under the Indenture referred to below.
W I T N E S S E T H:
WHEREAS, the Issuer, the Parent, the other Guarantors named therein and the Trustee have heretofore executed and delivered an Indenture, dated as of May 13, 2011 (as heretofore supplemented by the First Supplemental Indenture, dated as of September 16, 2011, the Second Supplemental Indenture, dated as of October 16, 2011, and the Third Supplemental Indenture, effective as of October 17, 2011, the “Indenture”), providing for the issuance of an aggregate principal amount of $610.0 million of 7.75% Senior Notes due 2019 of the Issuer (the “Notes”);
WHEREAS, Section 3.7 of the Indenture provides that, under specified circumstances, Subsidiaries of the Issuer shall execute and deliver to the Trustee a supplemental indenture pursuant to which such Subsidiaries shall unconditionally guarantee all of the Issuer’s Obligations under the Indenture and the Notes on the terms and conditions set forth herein and under the Indenture (the “Guarantee”); and 
WHEREAS, pursuant to Section 9.1 of the Indenture, the Issuer, each New Guarantor and the Trustee are authorized to execute and deliver this Fourth Supplemental Indenture without consent of the Holders.
NOW, THEREFORE, in consideration of the foregoing and for other good and valuable consideration, the receipt of which is hereby acknowledged, the parties mutually covenant and agree for the equal and ratable benefit of the Holders as follows:
ARTICLE I 
 
DEFINITIONS
SECTION 1.1   Defined Terms.  Terms defined in the Indenture are used in this Fourth Supplemental Indenture as therein defined.  The words “herein,” “hereof” and “hereby” and other words of similar import used in this Fourth Supplemental Indenture refer to this Fourth Supplemental Indenture as a whole and not to any particular section hereof.

ATI-2588855v4 

ARTICLE II 
 
REPRESENTATIONS; AGREEMENT TO BE BOUND; GUARANTEE
SECTION 2.1   Representations.  Each New Guarantor represents and warrants to the Trustee as follows:
(i)    It is duly organized, validly existing and in good standing under the laws of its jurisdiction of organization.
(ii)    The execution, delivery and performance by it of this Fourth Supplemental Indenture have been authorized and approved by all necessary corporate or limited liability company action on its part.
SECTION 2.2   Agreement to be Bound.  Pursuant to Section 3.7 of the Indenture, each New Guarantor hereby becomes a party to the Indenture as a Subsidiary Guarantor and as such shall have all of the rights and be subject to all of the obligations and agreements of a Subsidiary Guarantor under the Indenture.  Each New Guarantor agrees to be bound by all of the provisions of the Indenture applicable to a Subsidiary Guarantor and to perform all of the obligations and agreements of a Subsidiary Guarantor under the Indenture.  
SECTION 2.3   Guarantee.  Pursuant to Section 3.7 of the Indenture, each New Guarantor agrees, on a joint and several basis with all the existing Guarantors, to fully, unconditionally and irrevocably Guarantee to each Holder of the Notes and the Trustee the Guaranteed Obligations pursuant to Article X of the Indenture on a senior unsecured basis. 
ARTICLE III 
 
MISCELLANEOUS
SECTION 3.1   Notices.  All notices and other communications to each New Guarantor shall be given as provided in the Indenture.
SECTION 3.2   Parties.  Nothing expressed or mentioned herein is intended or shall be construed to give any Person, firm or corporation, other than the Holders and the Trustee, any legal or equitable right, remedy or claim under or in respect of this Fourth Supplemental Indenture or the Indenture or any provision herein or therein contained.
SECTION 3.3   Governing Law.  This Fourth Supplemental Indenture shall be governed by, and construed in accordance with, the laws of the State of New York. 
SECTION 3.4   Severability Clause.  In case any provision in this Fourth Supplemental Indenture shall be invalid, illegal or unenforceable, the validity, legality and enforceability of the remaining provisions shall not in any way be affected or impaired thereby and such provision shall be ineffective only to the extent of such invalidity, illegality or unenforceability.

ATI-2588855v4    -2-    

SECTION 3.5   Ratification of Indenture; Supplemental Indentures Part of Indenture.  Except as expressly amended hereby, the Indenture is in all respects ratified and confirmed and all the terms, conditions and provisions thereof shall remain in full force and effect.  This Fourth Supplemental Indenture shall form a part of the Indenture for all purposes, and every Holder of Notes heretofore or hereafter authenticated and delivered shall be bound hereby.
SECTION 3.6   Counterparts.  The parties hereto may sign one or more copies of this Fourth Supplemental Indenture in counterparts, all of which together shall constitute one and the same agreement.
SECTION 3.7   Headings.  The headings of the Articles and the Sections in this Fourth Supplemental Indenture are for convenience of reference only and shall not be deemed to alter or affect the meaning or interpretation of any provisions hereof.
SECTION 3.8   Trustee Makes No Representation. The Trustee makes no representation as to the validity or sufficiency of this Fourth Supplemental Indenture.
[Signature pages follows]

IN WITNESS WHEREOF, the parties hereto have caused this Fourth Supplemental Indenture to be duly executed as of the date first above written.

CUMULUS MEDIA HOLDINGS INC.

By:  /s/ Joseph P. Hannan            
      Name:  Joseph P. Hannan
      Title:   Chief Financial Officer

WESTWOOD ONE RADIO, INC. 
WESTWOOD ONE RADIO NETWORKS, INC.
AMERICAN COMEDY NETWORK, LLC
DG RADIO NETWORKS, LLC
EXCELSIOR MEDIA NETWORKS, LLC
EXCELSIOR NETWORK GROUP, LLC 
EXCELSIOR RADIO HOLDINGS, LLC
EXCELSIOR RADIO NETWORK VENTURES, LLC
JPN, LLC
CONSOLIDATED IP COMPANY LLC
DIAL COMMUNICATIONS GLOBAL MEDIA, LLC
EXBT, LLC
EXCELSIOR RADIO NETWORKS, LLC
EXCELSIORTM, INC. 
GORADIO, LLC
INCENTREV-RADIO HALF OFF LLC
RDG EXCELSIOR HOLDINGS, LLC
SWEETJACK LLC
VERGE MEDIA, INC.
VERGE MEDIA COMPANIES, LLC
VERGE MEDIA GROUP HOLDINGS, INC.
VERGE MEDIA INTERMEDIATE HOLDINGS, INC.
VERGE MEDIA SOLUTIONS, LLC
WESTWOOD NATIONAL RADIO CORPORATION
WESTWOOD ONE, INC
WESTWOOD ONE PROPERTIES, INC.
WESTWOOD ONE STATIONS-NYC, INC.
EXCELSIOR MEDIAAMERICA, INC.

By:  /s/ Joseph P. Hannan            
      Name:  Joseph P. Hannan
      Title:   Chief Financial Officer
U.S. BANK NATIONAL ASSOCIATION, as Trustee, Transfer Agent, Registrar, Authentication Agent and Paying Agent
                        

By: /s/ William B. Echols            
      Name:  William B. Echols
      Title:     Vice President

ATI-2588855v4    -3-Ex 10.42 12.31.13

Exhibit 10.42

October 1, 2013

Dear Rob,

It gives me great pleasure to confirm the terms by which XO Group Inc. will continue your employment. XO Group is referred to in this letter as the Company.

The terms of this letter are effective October 1, 2013 unless otherwise specified. Unless amended by this letter, the terms contained in your letter of employment dated June 19, 2012 remain in effect.

Title and Position
Your title was changed to Chief Product Officer, continuing to report to the Chief Executive Officer, and you were designated an executive officer of the Company, in each case effective March 6, 2013.

Base Salary
Your annual salary rate is $350,000, which will be paid semi-monthly, on the 15th and on the last workday of the month. This amount is referred to in this letter as your Base Salary.

Severance
If your employment is involuntarily terminated without cause by the Company or a successor entity, or if you resign for Good Reason (as defined below), you shall be entitled to receive (conditioned on the execution and effectiveness of a release to be provided by the Company in a form customarily used by the Company for such purposes) a lump-sum payment of an amount equal to your annual salary rate in effect immediately prior to such termination or resignation, and for 12 months after such termination or resignation all benefits (other than vesting of any equity award) that were associated with your employment immediately prior to such termination or resignation (to the extent and at such levels that these benefits remain available to employees of the Company generally during such 12-month period). The Company shall pay the lump-sum payment in connection with such a termination or resignation within 30 days of the effectiveness of the release and subject to your continued compliance with any covenants contained or incorporated by reference therein up to the date of such payment.

An involuntary termination “without cause” shall mean a termination of employment other than for death, disability, termination for Cause or any resignation by you other than a resignation for Good Reason.

“Cause” shall mean (1) your willful failure to perform the principal elements of your duties to the Company or any of its subsidiaries, which failure is not cured within 20 days following written notice to you specifying the conduct to be cured, (2) your conviction of, or plea of nolo contendere to, a felony (regardless of the nature of the felony) or any other crime involving dishonesty, fraud, or moral turpitude, (3) your gross negligence or willful misconduct (including but not limited to acts of fraud, criminal activity or professional misconduct) in connection with the performance of your duties and responsibilities to the Company or any of its subsidiaries, (4) your failure to substantially comply with the rules and policies of the Company or any of its subsidiaries governing employee conduct or with the lawful directives 

of the Board of Directors or the Chief Executive Officer of the Company, or (5) your breach of any non-disclosure, non-solicitation, non-competition or other restrictive covenant obligations to the Company or any of its subsidiaries.

“Good Reason” shall mean (1) any reduction of your salary below the Base Salary amount or a material reduction of your then-current salary rate, (2) the relocation of your principal place of business outside of New York City, (3) the material diminution of your responsibilities or authority, or (4) any diminution of your title or any change in the reporting structure in each case as set forth in this letter, provided, however, that Good Reason shall exist only if (a) you have given written notice to the Company (specifying such circumstances in reasonable detail) within thirty (30) days of the initial existence of the Good Reason circumstances, (b) the Company has failed within thirty (30) days of receipt of such notice to cure such circumstances, and (c) you resign within six (6) months of the initial occurrence of the circumstances constituting Good Reason.

Benefits and Expenses
You will continue to participate in the Company’s benefits program as in effect on the date hereof.  As an executive officer, you will be covered by any supplemental travel and business expense reimbursement policies in effect for executive officers.  A full description of your benefits is contained in official plan documents that will be available to you.  Please be advised that these documents describe policies and benefits currently available and that the Company reserves the right to amend, change and terminate its policies, programs and employee benefit plans at any time during your employment.
Indemnification
The Company will enter into an Indemnification Agreement for Directors and Officers with you, effective as of March 6, 2013. In addition, you shall be covered by the Company’s insurance policy for directors and officers.
At-Will Employment
Please understand that your employment will be “at will,” meaning that either you or the Company may terminate the relationship at any time, with or without cause or notice.  Please also note that the Company reserves the right to revise, supplement, or rescind any of its policies, practices, and procedures (including those described in the Employee Handbook) as it deems appropriate in its sole and absolute discretion.
*    *    *    *    *
Rob, please indicate your acceptance of these terms by responding via electronic signature.

Regards,

David Liu
Chief Executive Officer

By signing, dating and returning this letter, you accept our terms of employment.

/s/ ROB FASSINO                            10/3/2013
Rob Fassino                                Date

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