Assets of Radio Broadcast Station Business

Sale of assets of Premier Radio Stations, LLC, which includes:

• All licenses, permits and other authorizations, including pending applications with respect thereto, relating to the Station issued by the FCC on or prior to the Closing Date, as identified in Schedule 1.1(a) on the attached PDF ("FCC Licenses");
• All furniture, fixtures and equipment including, but not limited to, furniture, fixtures and equipment located at the Station's studio/office and tower sites, together with any additions thereto or replacements thereof made between the Effective Date and the Closing Date, and less any retirements or dispositions of old or obsolete assets made between the Effective Date and the Closing Date, including but not limited to property identified in Schedule 1.1(b) on the attached PDF ("Tangible Personal Property");
• Seller's right, title and interest in and to Seller's contracts, which contracts have been specifically identified in Schedule 1.1(c) on the attached PDF and which Buyer has specifically agreed to assume ("Assumed Contracts");
• All of Seller's right, title and interest in and to the Station's intangible personal property, as described in Schedule 1.1(d) on the attached PDF("Intellectual Property"); and
• All of Seller's business records and client lists.