MASTER MUTUAL RELEASE AGREEMENTMaster Mutual Release Agreement • April 27th, 2009 • Westwood One Inc /De/ • Services-amusement & recreation services • New York
This MASTER MUTUAL RELEASE AGREEMENT (this “Agreement”), dated as of April 23, 2009, is by and among: (a) each of (i) Westwood One, Inc., a Delaware corporation (the “Borrower”), (ii) Gores Radio Holdings, LLC, a Delaware limited liability company (“Gores”), and (iii) the Persons listed on Schedule A hereto, each of which is a Subsidiary Guarantor (each, a “Subsidiary Guarantor” and, collectively with the Borrower and Gores, but excluding Gores in its capacity as a Lender under the Existing Credit Agreement referenced below, the “Borrower, Guarantor and Gores Parties”); (b) the Persons listed on Schedule B hereto (the “Existing Credit Agreement Lenders”), each of which is a lender party to the Credit Agreement dated as of March 3, 2004 (as amended prior to the date hereof, the “Existing Credit Agreement”) among the Borrower, the lenders party thereto, JPMorgan Chase Bank, N.A., as administrative agent (the “Existing Administrative Agent”), and the other parties thereto; (c) the Existin
