SETTLEMENT AGREEMENTSettlement Agreement • September 18th, 2007 • Riley Investment Partners Master Fund, L.P. • Radio broadcasting stations • Delaware
THIS SETTLEMENT AGREEMENT is made and entered into as of September 14, 2007 (“Agreement”) by and among Regent Communications, Inc.(“Regent”), Riley Investment Management LLC (“RIM”), Riley Investment Partners Master Fund, L.P.(“RIP”), SMH Capital Inc. (“SMH Capital”), SOF Management, LLC (“SOF Management”), Sanders Opportunity Fund, L.P. (“SOF Fund”), Sanders Opportunity Fund (Institutional) L.P. (“SOF Fund (Institutional) and Don A. Sanders (“Mr. Sanders”), and as to Sections 1.2 and 2.4 only, John Ahn and Joseph Patrick Hannan.
