MEMORANDUM OF UNDERSTANDINGCox Radio Inc • April 30th, 2009 • Radio broadcasting stations • Delaware
Company FiledApril 30th, 2009 Industry JurisdictionWHEREAS, the parties to the action in the Court of Chancery of the State of Delaware (the “Delaware Court”) styled In re Cox Radio, Inc. Shareholders Litigation, Consol. C.A. No. 4461-VCP (the “Delaware Action”) have reached an agreement-in-principle providing for the settlement of the Delaware Action on the terms and subject to the conditions set forth below;