0001104659-04-040463 Sample Contracts

AGREEMENT OF LEASE
Agreement of Lease • December 20th, 2004 • Sinclair Broadcast Group Inc • Television broadcasting stations • Maryland

If Landlord is not furnishing any particular work or service (the cost of which, if performed by Landlord, would constitute and Operating Expense) to a tenant who has undertaken to perform such work or service in lieu of performance by Landlord, Operating Expenses shall nevertheless be deemed to include the amount Landlord would reasonably have incurred if Landlord has in fact performed the work or service at its expense.

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FIRST AMENDMENT TO OPERATING AGREEMENT AND AGREEMENT TO RETIRE
Operating Agreement • December 20th, 2004 • Sinclair Broadcast Group Inc • Television broadcasting stations • Maryland

THIS FIRST AMENDMENT TO OPERATING AGREEMENT AND AGREEMENT TO RETIRE (this “Amendment”) is made as of the 18th day of April, 1997 (the “Effective Date”), by and among BEAVER DAM LIMITED LIABILITY COMPANY, a Maryland limited liability company (the “Company”), party of the first part, DAVID D. SMITH, FREDERICK G. SMITH, J. DUNCAN SMITH and ROBERT E. SMITH (collectively, the “Remaining Members”), parties of the second part, and SINCLAIR BROADCAST GROUP, INC., a Maryland corporation (“SBG”), party of the third part.

BEAVER DAM LIMITED LIABILITY COMPANY OPERATING AGREEMENT
Operating Agreement • December 20th, 2004 • Sinclair Broadcast Group Inc • Television broadcasting stations • Maryland

This Operating Agreement (this “Agreement”) is entered into as of the 30th day of May, 1996, by and among David D. Smith, Frederick G. Smith, J. Duncan Smith, Robert E. Smith, and Sinclair Broadcast Group, Inc., a Maryland corporation.

SECOND AMENDMENT TO OPERATING AGREEMENT AND AGREEMENT TO REDEEM
Operating Agreement • December 20th, 2004 • Sinclair Broadcast Group Inc • Television broadcasting stations • Maryland

THIS SECOND AMENDMENT TO OPERATING AGREEMENT AND AGREEMENT TO REDEEM MEMBERSHIP RIGHTS (this “Agreement”), is made as of the 6th day of May, 1998 (the “Effective Date”), by and between David D. Smith (“David”), Beaver Dam Limited Liability Company, a Maryland limited liability company, and J. Duncan Smith, Frederick G. Smith and Robert E. Smith (the “Remaining Members”).

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