PMC MANAGEMENT AND PROXY AGREEMENTPMC Management and Proxy Agreement • November 7th, 2005 • Paxson Communications Corp • Radio broadcasting stations • Florida
This PMC MANAGEMENT AND PROXY AGREEMENT (this “Agreement”), is made as of this 7th day of November, 2005, by and among PAXSON COMMUNICATIONS CORPORATION, a Delaware corporation (the “Company”), PAXSON MANAGEMENT CORPORATION, a Nevada corporation (“PMC”), Lowell W. Paxson, including any successor of Lowell W. Paxson appointed pursuant to Section 11 (the “Executive”), and certain direct and indirect wholly-owned subsidiaries of the Company listed on the signature pages hereto (collectively, the “Parties”, and individually, a “Party”).
