<SEC-DOCUMENT>0001193125-17-200846.txt : 20170612
<SEC-HEADER>0001193125-17-200846.hdr.sgml : 20170612
<ACCEPTANCE-DATETIME>20170612092903
ACCESSION NUMBER:		0001193125-17-200846
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		6
CONFORMED PERIOD OF REPORT:	20170608
ITEM INFORMATION:		Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers
ITEM INFORMATION:		Submission of Matters to a Vote of Security Holders
ITEM INFORMATION:		Financial Statements and Exhibits
FILED AS OF DATE:		20170612
DATE AS OF CHANGE:		20170612

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			BEASLEY BROADCAST GROUP INC
		CENTRAL INDEX KEY:			0001099160
		STANDARD INDUSTRIAL CLASSIFICATION:	RADIO BROADCASTING STATIONS [4832]
		IRS NUMBER:				650960915
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		8-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	000-29253
		FILM NUMBER:		17904935

	BUSINESS ADDRESS:	
		STREET 1:		3033 RIVIERA DRIVE
		STREET 2:		SUITE 200
		CITY:			NAPLES
		STATE:			FL
		ZIP:			34103
		BUSINESS PHONE:		9412635000

	MAIL ADDRESS:	
		STREET 1:		3033 RIVIERA DRIVE
		STREET 2:		SUITE 200
		CITY:			NAPLES
		STATE:			FL
		ZIP:			34103
</SEC-HEADER>
<DOCUMENT>
<TYPE>8-K
<SEQUENCE>1
<FILENAME>d408405d8k.htm
<DESCRIPTION>FORM 8-K
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<TITLE>Form 8-K</TITLE>
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<P STYLE="margin-top:4pt; margin-bottom:0pt; font-size:18pt; font-family:Times New Roman" ALIGN="center"><B>UNITED STATES </B></P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:18pt; font-family:Times New Roman" ALIGN="center"><B>SECURITIES
AND EXCHANGE COMMISSION </B></P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:12pt; font-family:Times New Roman" ALIGN="center"><B>WASHINGTON, D.C. 20549 </B></P>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P><center> <P STYLE="line-height:6.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1.00pt solid #000000;width:21%">&nbsp;</P></center>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:18pt; font-family:Times New Roman" ALIGN="center"><B>FORM 8-K</B></P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P><center>
<P STYLE="line-height:6.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1.00pt solid #000000;width:21%">&nbsp;</P></center> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:12pt; font-family:Times New Roman" ALIGN="center"><B>CURRENT
REPORT </B></P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:12pt; font-family:Times New Roman" ALIGN="center"><B>PURSUANT TO SECTION 13 OR 15(d) </B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:12pt; font-family:Times New Roman" ALIGN="center"><B>OF THE SECURITIES EXCHANGE ACT OF 1934 </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:12pt; font-family:Times New Roman" ALIGN="center"><B>Date of report (Date of earliest event reported): June&nbsp;8, 2017</B></P>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P><center> <P STYLE="line-height:6.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1.00pt solid #000000;width:21%">&nbsp;</P></center>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:24pt; font-family:Times New Roman" ALIGN="center"><B>BEASLEY BROADCAST GROUP, INC. </B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>(Exact name of registrant as specified in its charter) </B></P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P><center>
<P STYLE="line-height:6.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1.00pt solid #000000;width:21%">&nbsp;</P></center> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TD VALIGN="top" ALIGN="center"><B>DELAWARE</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top" ALIGN="center"><B>000-29253</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top" ALIGN="center"><B>65-0960915</B></TD></TR>
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<TD VALIGN="top" ALIGN="center"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><B>(State or Other Jurisdiction</B></P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><B>of Incorporation)</B></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top" ALIGN="center"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><B>(Commission</B></P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><B>File Number)</B></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top" ALIGN="center"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><B>(IRS Employer</B></P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><B>Identification No.)</B></P></TD></TR>
</TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>3033 Riviera Drive, Suite 200, Naples, Florida 34103 </B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><B>(Address of Principal Executive Offices) (Zip Code) </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>Registrant&#146;s telephone number, including area code: (239)&nbsp;263-5000 </B></P>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><B>(Former Name or Former Address, if Changed Since Last Report) </B></P>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P><center> <P STYLE="line-height:6.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1.00pt solid #000000;width:21%">&nbsp;</P></center>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the
following provisions: </P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TD WIDTH="4%" VALIGN="top" ALIGN="left">&#9744;</TD>
<TD ALIGN="left" VALIGN="top">Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TD WIDTH="4%" VALIGN="top" ALIGN="left">&#9744;</TD>
<TD ALIGN="left" VALIGN="top">Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TD WIDTH="4%" VALIGN="top" ALIGN="left">&#9744;</TD>
<TD ALIGN="left" VALIGN="top">Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TR style = "page-break-inside:avoid">
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<TD ALIGN="left" VALIGN="top">Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) </TD></TR></TABLE>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Indicate by check mark whether the registrant is an emerging growth company as defined in Rule&nbsp;405 of the Securities Act of 1933 (&#167;&nbsp;230.405 of
this chapter) or Rule&nbsp;12b-2 of the Securities Exchange Act of 1934 <FONT STYLE="white-space:nowrap">(&#167;&nbsp;240.12b-2</FONT> of this chapter). </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Emerging growth company&nbsp;&nbsp;&nbsp;&nbsp;&#9744; </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">If an
emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section&nbsp;13(a) of the Exchange
Act.&nbsp;&nbsp;&nbsp;&nbsp;&#9744;</P> <P STYLE="font-size:10pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P> <P STYLE="line-height:1.0pt;margin-top:0pt;margin-bottom:0pt;border-bottom:1px solid #000000">&nbsp;</P>
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<TD WIDTH="10%" VALIGN="top" ALIGN="left"><B>Item&nbsp;5.02</B></TD>
<TD ALIGN="left" VALIGN="top"><B>Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. </B></TD></TR></TABLE>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">On June&nbsp;8, 2017, Beasley Broadcast Group, Inc. (the &#147;Company&#148;) entered into new employment agreements with George G. Beasley, Caroline Beasley,
Bruce G. Beasley and Brian E. Beasley, and Beasley Mezzanine Holdings, LLC, a wholly owned subsidiary of the Company (&#147;Holdings&#148;), entered into an employment agreement with Marie Tedesco. The following summaries of the employment
agreements do not purport to be complete and are qualified by reference to the full text of the employment agreements, which are filed as Exhibits 10.1, 10.2, 10.3, 10.4 and 10.5 hereto, respectively, and which are incorporated herein by reference.
</P> <P STYLE="margin-top:12pt; margin-bottom:0pt; margin-left:4%; font-size:10pt; font-family:Times New Roman"><B><I>Executive Employment Agreements of George G. Beasley, Caroline Beasley, Bruce G. Beasley and Brian E. Beasley </I></B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">The employment agreements between the Company and each of Mr.&nbsp;George Beasley, Ms.&nbsp;Caroline Beasley, Mr.&nbsp;Bruce Beasley and Mr.&nbsp;Brian
Beasley have initial terms that expire on December&nbsp;31, 2019, subject to renewal for successive one year periods upon mutual agreement of the Company and the applicable executive in writing. Pursuant to the employment agreements, the executives
will serve in the following positions with the Company: Mr.&nbsp;George Beasley as Chairman of the Company&#146;s board of directors (the &#147;Board&#148;), Ms.&nbsp;Caroline Beasley as Chief Executive Officer, Mr.&nbsp;Bruce Beasley as President
and Mr.&nbsp;Brian Beasley as Chief Operating Officer. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">The employment agreements entitle each executive to the following compensation and benefits:
(i)&nbsp;an annual base salary, retroactively effective as of January&nbsp;1, 2017, of $750,000 for each of Mr.&nbsp;George Beasley and Ms.&nbsp;Caroline Beasley and $550,000 for each of Mr.&nbsp;Bruce Beasley and Mr.&nbsp;Brian Beasley, subject to
adjustment as determined by the Board; (ii)&nbsp;payments equal to the amount payable by the executive for coverage under the Company&#146;s employee benefit plans plus an additional amount equal to the taxes payable by the executive as a result of
such payments; (iii)&nbsp;the opportunity to earn an annual bonus award based on performance under the Company&#146;s performance incentive plan; and (iv)&nbsp;a monthly car allowance of $1,000. The employment agreements also provide for restricted
stock unit awards of 45,000 restricted stock units for Mr.&nbsp;George Beasley and 75,000 restricted stock units for each of Ms.&nbsp;Caroline Beasley, Mr.&nbsp;Bruce Beasley and Mr.&nbsp;Brian Beasley. The restricted stock units will vest in
substantially equal installments on each of January&nbsp;1, 2018, 2019 and 2020, subject to the executive&#146;s continued employment on each vesting date. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">If the executive&#146;s employment is terminated due to the executive&#146;s death or disability, by the Company without cause or due to the executive&#146;s
resignation for good reason, then subject to the executive (or the executive&#146;s estate or legal representative) executing a general release of claims, the executive (or the executive&#146;s estate or legal representative) will be entitled to
receive (i)&nbsp;continued payment of the executive&#146;s base salary and the amount payable by the executive for coverage under the Company&#146;s employee benefit plans plus an additional amount equal to the taxes payable by the executive as a
result of such benefit plan payments through December&nbsp;31, 2019 or for one year following termination, whichever is greater; (ii)&nbsp;a lump sum payment equal to $750,000 for each of Mr.&nbsp;George Beasley and Ms.&nbsp;Caroline Beasley and
$550,000 for each of Mr.&nbsp;Bruce Beasley and Mr.&nbsp;Brian Beasley, or the highest annual bonus paid to the executive over the preceding three year period, whichever is greater; (iii)&nbsp;payment (without duplication to the amounts described in
clause (i)) for benefit coverage pursuant to COBRA for the executive and the executive&#146;s eligible dependents for up to 18 months following termination; and (iv)&nbsp;accelerated vesting of any portion of the executive&#146;s unvested
equity-based awards; provided, that, if such termination occurs in connection with or within two years following a change in control, then, if higher than the amounts set forth in clauses (i)&nbsp;and (ii)&nbsp;above, the executive will be entitled
to receive, in lieu of such amounts set forth in clauses (i)&nbsp;and (ii)&nbsp;above, a severance payment equal to two times the sum of the executive&#146;s base salary and the highest annual bonus paid to the executive during the preceding three
year period, which amount shall be paid in a lump sum to the extent a lump sum payment does not result in the imposition of an excise tax under Section&nbsp;409A of the Internal Revenue Code of 1986, as amended. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">For purposes of the employment agreements: </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
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<TD ALIGN="left" VALIGN="top">&#147;cause&#148; means the executive&#146;s (i)&nbsp;fraud, theft, embezzlement or proven gross negligence in connection with performing the executive&#146;s duties and responsibilities; (ii)&nbsp;conviction of a
felony or crime involving moral turpitude; or (iii)&nbsp;breach of any material provision of the employment agreement, including without limitation the restrictive covenants contained therein, subject to an opportunity for notice and cure;
</TD></TR></TABLE> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
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<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">&#147;good reason&#148; means the occurrence of any of the following events without the prior written consent of
the executive, subject, in each case, to an opportunity for notice and cure, (i)&nbsp;the Company&#146;s failure to make payment or provide benefits to the executive under the employment agreement; (ii)&nbsp;a material diminution in the
executive&#146;s base salary, payment for benefit coverage and payment for taxes payable by the executive </P></TD></TR></TABLE>

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as a result of such benefit payments; (iii)&nbsp;a material diminution in the executive&#146;s authority, duties or responsibilities; (iv)&nbsp;a material diminution in the budget over which the
executive retains authority; (v)&nbsp;a material change in the geographic location at which the executive must perform services under the employment agreement; (vi)&nbsp;any other action or inaction that constitutes a material breach by the Company
of the employment agreement; or a &#147;change in control&#148;; and </P></TD></TR></TABLE> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">&#147;change in control&#148; means any transaction or series of related transactions the consummation of which results in executive (or executive&#146;s &#147;immediate family&#148;) holding or having a beneficial
interest in shares of the Company&#146;s capital stock having less than 50% of the voting power of the Company&#146;s outstanding capital stock; provided that any such transaction is a bona fide transaction between the Company and a third party (or
parties) unrelated to the executive, as determined by the Board in good faith. &#147;Immediate family&#148; means any person, trust, or estate who qualifies as a &#147;Permitted Class B Transferee&#148; as set forth in the Company&#146;s Articles of
Incorporation. </TD></TR></TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">The employment agreements also contain confidentiality provisions and non-competition covenants that apply for one year
following termination of employment, except that if an executive is terminated by the Company other than for cause or resigns employment for good reason, then the non-competition period will end on the earliest of one year following termination of
employment, the date the executive waives any right to receive severance payments under the employment agreement or the date of termination if the executive is not entitled to receive any severance payments in connection with the employment
termination. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">The employment agreements supersede and replace the prior employment agreements between the Company and the executives. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; margin-left:4%; font-size:10pt; font-family:Times New Roman"><B><I>Employment Agreement of Marie Tedesco </I></B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">The employment agreement between Holdings and Ms.&nbsp;Tedesco provides that Ms.&nbsp;Tedesco will serve as Chief Financial Officer and has an initial term
that expires on December&nbsp;31, 2019, subject to renewal for successive one year periods upon mutual agreement of Holdings and Ms.&nbsp;Tedesco in writing. The employment agreement entitles Ms.&nbsp;Tedesco to an annual base salary of $300,000 and
the opportunity to earn an annual performance-based bonus award of $120,000. The employment agreement also provides for a restricted stock unit award of 45,000 restricted stock units. The restricted stock units will vest in substantially equal
installments on each of January&nbsp;1, 2018, 2019 and 2020, subject to Ms.&nbsp;Tedesco&#146;s continued employment on each vesting date. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">If
Ms.&nbsp;Tedesco&#146;s employment is terminated by Holdings without cause, then subject to Ms.&nbsp;Tedesco executing a release of claims and continued compliance with certain restrictive covenants, Ms.&nbsp;Tedesco will be entitled to receive base
salary payments for the remainder of the term of the employment agreement or six months following termination, whichever is less, payable in a lump sum or in installments in the discretion of Holdings; provided, that this amount may be reduced by
any compensation earned by Ms.&nbsp;Tedesco during the period in which such payments are made. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">For purposes of Ms.&nbsp;Tedesco&#146;s employment
agreement, &#147;cause&#148; includes, but is not limited to, (i)&nbsp;conduct which reflects adversely upon and detracts from Ms.&nbsp;Tedesco&#146;s value as Chief Financial Officer or Holdings&#146; public image or reputation; (ii)&nbsp;failure
to perform according to or follow the policies and directives of Holdings; (iii)&nbsp;failure to perform the duties set forth in the employment agreement; (iv)&nbsp;fraud, theft or embezzlement; (v)&nbsp;arrest or conviction of any felony or other
crime involving moral turpitude; (vi)&nbsp;gross or willful misconduct or negligence; (vii)&nbsp;breach by Ms.&nbsp;Tedesco of a material term of the employment agreement; (viii)&nbsp;insubordination; (ix)&nbsp;possession or consumption of liquor or
illegal drugs on Holdings&#146; property, or reporting to work under the influence of alcohol or drugs; (x)&nbsp;illegal use or possession of a controlled substance; (xi)&nbsp;any violations of federal, state or local rules and regulations;
(xii)&nbsp;payola or plugola; (xiii)&nbsp;unethical conduct; (xiv)&nbsp;failure to work in a harmonious manner with management or other employees; (xv)&nbsp;failure to comply with any rules or regulations of Holdings or any conduct inconsistent with
the policies, procedures, or best interest of Holdings; (xvi)&nbsp;excessive absenteeism or tardiness; or (xvii)&nbsp;failure or refusal to perform the services required under the employment agreement for a period of two or more days for reasons
other than vacation, illness, accident, injury, incapacity or authorized leave of absence. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">The employment agreement also contains confidentiality
provisions and certain restrictive covenants, including a non-competition covenant covering six months following termination and non-solicitation covenants covering 18 months following termination. </P>

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<TD WIDTH="10%" VALIGN="top" ALIGN="left"><B>Item&nbsp;5.07</B></TD>
<TD ALIGN="left" VALIGN="top"><B>Submission of Matters to a Vote of Security Holders. </B></TD></TR></TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">(a) On June&nbsp;8, 2017, the Company held its
2017 Annual Meeting of Stockholders (the &#147;Annual Meeting&#148;) in Naples, Florida. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">(b) At the Annual Meeting: </P>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">(1)</TD>
<TD ALIGN="left" VALIGN="top">The stockholders voted to elect each of the nine nominees for director. </TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">(2)</TD>
<TD ALIGN="left" VALIGN="top">The stockholders approved, on an advisory basis, the compensation of the Company&#146;s named executive officers. </TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">(3)</TD>
<TD ALIGN="left" VALIGN="top">The stockholders approved the 2007 Equity Incentive Award Plan. </TD></TR></TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Election of Directors </B></P>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="84%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" ALIGN="center">


<TR>
<TD WIDTH="68%"></TD>
<TD VALIGN="bottom" WIDTH="4%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="4%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="4%"></TD>
<TD></TD>
<TD></TD>
<TD></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>For</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>Withheld</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>Broker</B><br><B><FONT STYLE="white-space:nowrap">Non-votes</FONT></B></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>


<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"><U>By Holders of All Classes of Common Stock</U></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">George G. Beasley</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">176,260,190</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">719,085</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Caroline Beasley</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">176,263,867</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">715,408</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Bruce G. Beasley</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">176,259,129</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">720,146</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Brian E. Beasley</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">176,259,129</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">720,146</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Joe B. Cox</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">176,816,842</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">162,433</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Allen B. Shaw</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">176,260,451</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">718,824</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Peter A. Bordes, Jr.</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">176,261,750</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">717,525</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"><U>By Holders of Class&nbsp;A Common Stock</U></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Mark S. Fowler</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">10,083,434</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">268,411</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Herbert W. McCord</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">10,194,253</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">157,592</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
</TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Advisory Vote to Approve Named Executive Officer Compensation </B></P>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="68%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:8pt" ALIGN="center">


<TR>
<TD WIDTH="31%"></TD>
<TD VALIGN="bottom" WIDTH="18%"></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="18%"></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="18%"></TD>
<TD></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom" NOWRAP ALIGN="center"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-bottom:1.00pt solid #000000; width:12.45pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><B>For</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-bottom:1.00pt solid #000000; width:26.20pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><B>Against</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-bottom:1.00pt solid #000000; width:26.65pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><B>Abstain</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><B>Broker</B></P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; border-bottom:1.00pt solid #000000; width:34.20pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><B><FONT STYLE="white-space:nowrap">Non-votes</FONT></B></P></TD></TR>


<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="bottom" ALIGN="center">176,962,359</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">11,774</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">5,142</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center">&#151;&nbsp;&nbsp;</TD></TR>
</TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Approval of the 2007 Equity Incentive Award Plan </B></P>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="68%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:8pt" ALIGN="center">


<TR>
<TD WIDTH="28%"></TD>
<TD VALIGN="bottom" WIDTH="18%"></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="18%"></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="18%"></TD>
<TD></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom" NOWRAP ALIGN="center"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-bottom:1.00pt solid #000000; width:12.45pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><B>For</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-bottom:1.00pt solid #000000; width:26.20pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><B>Against</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-bottom:1.00pt solid #000000; width:26.65pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><B>Abstain</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><B>Broker</B></P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; border-bottom:1.00pt solid #000000; width:34.20pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><B><FONT STYLE="white-space:nowrap">Non-votes</FONT></B></P></TD></TR>


<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="bottom" ALIGN="center">173,627,784</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">3,347,141</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">4,350</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center">&#151;&nbsp;&nbsp;</TD></TR>
</TABLE> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="10%" VALIGN="top" ALIGN="left"><B>Item&nbsp;9.01</B></TD>
<TD ALIGN="left" VALIGN="top"><B>Financial Statements and Exhibits </B></TD></TR></TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">(d) Exhibits </P>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" ALIGN="center">


<TR>
<TD></TD>
<TD VALIGN="bottom" WIDTH="5%"></TD>
<TD WIDTH="92%"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom" NOWRAP ALIGN="center"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><B>Exhibit</B></P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; border-bottom:1.00pt solid #000000; width:28.45pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><B>Number</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-bottom:1.00pt solid #000000; width:39.50pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><B>Description</B></P></TD></TR>


<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" NOWRAP>10.1</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top">Executive employment agreement by and between Beasley Broadcast Group, Inc. and George G. Beasley dated as of June&nbsp;8, 2017</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" NOWRAP>10.2</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top">Executive employment agreement by and between Beasley Broadcast Group, Inc. and Caroline Beasley dated as of June&nbsp;8, 2017</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" NOWRAP>10.3</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top">Executive employment agreement by and between Beasley Broadcast Group, Inc. and Bruce G. Beasley dated as of June&nbsp;8, 2017</TD></TR></TABLE>

<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">


<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" ALIGN="center">


<TR>
<TD></TD>
<TD VALIGN="bottom" WIDTH="5%"></TD>
<TD WIDTH="92%"></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>

<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" NOWRAP>10.4</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top">Executive employment agreement by and between Beasley Broadcast Group, Inc. and Brian E. Beasley dated as of June&nbsp;8, 2017</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" NOWRAP>10.5</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top">Executive employment agreement by and between Beasley Mezzanine Holdings, LLC and Marie Tedesco dated as of June&nbsp;8, 2017</TD></TR>
</TABLE>

<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>SIGNATURE </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned
hereunto duly authorized. </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
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<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">BEASLEY BROADCAST GROUP, INC.</TD></TR>
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<TD VALIGN="top">Date: June&nbsp;12, 2017</TD>
<TD VALIGN="bottom">&nbsp;</TD>
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<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #000000">By: /s/ Marie Tedesco</TD></TR>
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<TD VALIGN="bottom">&nbsp;</TD>
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<TD VALIGN="bottom">&nbsp;</TD>
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<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">Marie Tedesco</TD></TR>
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<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">Chief Financial Officer</TD></TR>
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 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>EXHIBIT INDEX </B></P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TD VALIGN="bottom" NOWRAP ALIGN="center"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><B>Exhibit</B></P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; border-bottom:1.00pt solid #000000; width:28.45pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><B>Number</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-bottom:1.00pt solid #000000; width:39.50pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><B>Description</B></P></TD></TR>


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<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" NOWRAP>10.1</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top">Executive employment agreement by and between Beasley Broadcast Group, Inc. and George G. Beasley dated as of June&nbsp;8, 2017</TD></TR>
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<TD HEIGHT="8" COLSPAN="2"></TD></TR>
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<TD VALIGN="top" NOWRAP>10.2</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top">Executive employment agreement by and between Beasley Broadcast Group, Inc. and Caroline Beasley dated as of June&nbsp;8, 2017</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
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<TD VALIGN="top" NOWRAP>10.3</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top">Executive employment agreement by and between Beasley Broadcast Group, Inc. and Bruce G. Beasley dated as of June&nbsp;8, 2017</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" NOWRAP>10.4</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top">Executive employment agreement by and between Beasley Broadcast Group, Inc. and Brian E. Beasley dated as of June&nbsp;8, 2017</TD></TR>
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<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
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<TD VALIGN="top" NOWRAP>10.5</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top">Executive employment agreement by and between Beasley Mezzanine Holdings, LLC and Marie Tedesco dated as of June&nbsp;8, 2017</TD></TR>
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<DOCUMENT>
<TYPE>EX-10.1
<SEQUENCE>2
<FILENAME>d408405dex101.htm
<DESCRIPTION>EXECUTIVE EMPLOYMENT AGREEMENT - GEORGE G. BEASLEY
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<TITLE>Executive employment agreement - George G. Beasley</TITLE>
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 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="right"><B>Exhibit 10.1 </B></P>
<P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B><U>EXECUTIVE EMPLOYMENT AGREEMENT </U></B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">THIS EXECUTIVE EMPLOYMENT AGREEMENT (&#147;Agreement&#148;) dated as of June&nbsp;8, 2017, is made by and between Beasley Broadcast Group,
Inc., a Delaware limited liability company (together with any successor thereto, the &#147;Company&#148;) and George G. Beasley (the &#147;Executive&#148;). </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">WHEREAS, the Company and the Executive have entered into an Executive Employment Agreement, dated May&nbsp;13, 2005 (as amended, the
&#147;Prior Employment Agreement&#148;) and the Executive has been and is now employed by the Company; </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">WHEREAS, the Company desires to
continue to assure itself of the services of the Executive and to continue to employ the Executive, and the Executive desires to continue to commit herself to serve the Company and to continue to be employed by the Company, on the terms herein
provided; and </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">WHEREAS, the Company and the Executive desire to terminate the Prior Employment Agreement and replace and supersede the
Prior Employment Agreement in its entirety with this Agreement; </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">NOW, THEREFORE, in consideration of the foregoing and of the respective
covenants and agreements set forth below the parties hereto agree as follows: </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TD WIDTH="4%" VALIGN="top" ALIGN="left"><B>1.</B></TD>
<TD ALIGN="left" VALIGN="top"><B><U>Certain Definitions.</U> </B></TD></TR></TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">(a) &#147;<U>Annual Base Salary</U>&#148; shall have the
meaning set forth in Section&nbsp;4. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">(b) &#147;<U>Board</U>&#148; shall mean the Board of Directors of the Company. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">(c) &#147;<U>Cause</U>&#148; for the Company to terminate the Executive&#146;s employment hereunder shall exist upon the Executive&#146;s:
</P> <P STYLE="margin-top:12pt; margin-bottom:0pt; margin-left:4%; text-indent:8%; font-size:10pt; font-family:Times New Roman">(i), fraud, theft, embezzlement, proven gross negligence in connection with Executive performing his duties and
responsibilities hereunder. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; margin-left:4%; text-indent:8%; font-size:10pt; font-family:Times New Roman">(ii) conviction of a felony or a crime involving moral turpitude; or </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; margin-left:4%; text-indent:8%; font-size:10pt; font-family:Times New Roman">(iii) breach of any material provision of this Agreement, including without limitation, Section&nbsp;7 and Section&nbsp;8,
after notice given to Executive within ninety (90)&nbsp;days of Company first having direct knowledge of the occurrence of such material breach by Executive, and, to the extent curable, thirty (30)&nbsp;days opportunity for cure. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">(d) &#147;<U>Change in Control</U>&#148; shall mean any transaction or series of related transactions the consummation of which results in
Executive (or Executive&#146;s Immediate Family) holding or having a beneficial interest in shares of the Company&#146;s capital stock having less than fifty percent (50%)&nbsp;of the voting power of the Company&#146;s outstanding capital stock;
provided that any such transaction is a bona fide transaction between the Company and a third party (or parties) unrelated to the Executive, as determined by the Board in good faith. For purposes of this Agreement, &#147;Immediate Family&#148; shall
mean any person, trust, or estate who qualifies as a &#147;Permitted Class B Transferree&#148; as set forth in the Company&#146;s Articles of Incorporation. </P>

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 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">(e) &#147;<U>Company</U>&#148; shall have the meaning set forth in the preamble hereto. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">(f) &#147;<U>Compensation Committee</U>&#148; means the compensation committee of the Board. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">(g) &#147;<U>Contract Year</U>&#148; shall mean each twelve month period beginning on the Effective Date or an annual anniversary thereof.
</P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">(h) &#147;<U>Date of Termination</U>&#148; shall mean if the Executive&#146;s employment is terminated (i)&nbsp;due to his death, the
date of death as set forth in Section&nbsp;5(a)(i); (ii)&nbsp;due to his Disability as set forth in Section&nbsp;5(a)(ii), 30 days after receipt of the written notice as set forth in Section&nbsp;5(b), (iii)&nbsp;pursuant to Section&nbsp;5(a)(iii),
or Section&nbsp;5(a)(iv), the date of termination set forth in the written notice as set forth in Section&nbsp;5(b), subject to the notice and cure provision set forth in Section&nbsp;1(c)(iii), if applicable, (iv)&nbsp;pursuant to
Section&nbsp;5(a)(v), the date of termination set forth in the written notice as set forth in Section&nbsp;5(b), subject to the applicable notice and cure period set forth in Section&nbsp;1(l) and (v)&nbsp;pursuant to Section&nbsp;5(a)(vi), 90 days
after receipt of the written notice set forth in Section&nbsp;5(b). </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">(i) &#147;<U>Disability</U>&#148; shall mean the absence of the
Executive from the Executive&#146;s duties to the Company on a full-time basis for a period of 180&nbsp;consecutive days as a result of incapacity due to mental or physical illness. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">(j) &#147;<U>Effective Date</U>&#148; of this Agreement shall mean January&nbsp;1, 2017. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">(k) &#147;<U>Executive</U>&#148; shall have the meaning set forth in the preamble hereto. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">(l) &#147;<U>Good Reason</U>&#148; shall mean the occurrence of any of the following events without the prior written consent of the
Executive, provided that the Executive provides written notice to the Company of the occurrence of such event within ninety (90)&nbsp;days after Executive first has direct knowledge of the event, which written notice shall include a description of
the existence of the condition underlying such event, and the Company does not remedy such event within thirty (30)&nbsp;days of receipt of such written notice from the Executive: </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; margin-left:4%; text-indent:8%; font-size:10pt; font-family:Times New Roman">(i) Company fails to make payment or provide benefit(s) to the Executive hereunder; </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; margin-left:4%; text-indent:8%; font-size:10pt; font-family:Times New Roman">(ii) a material diminution in the Executive&#146;s Annual Base Salary; </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; margin-left:4%; text-indent:8%; font-size:10pt; font-family:Times New Roman">(iii) a material diminution in the Executive&#146;s authority, duties or responsibilities; </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; margin-left:4%; text-indent:8%; font-size:10pt; font-family:Times New Roman">(iv) a material diminution in the budget over which the Executive retains authority; </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">2 </P>


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 <P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:4%; text-indent:8%; font-size:10pt; font-family:Times New Roman">(v) a material change in the geographic location at which the Executive must
perform services under this Agreement; or </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; margin-left:4%; text-indent:8%; font-size:10pt; font-family:Times New Roman">(vi) any other action or inaction that constitutes a material breach by the
Company of this Agreement. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; margin-left:4%; text-indent:8%; font-size:10pt; font-family:Times New Roman">(vii) a Change of Control. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">(m) &#147;<U>Notice of Termination</U>&#148; shall have the meaning set forth in Section&nbsp;5(b). </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">(n) &#147;<U>Restricted Stock Unit</U>&#148; shall have the meaning set forth in the Beasley Broadcast Group Inc. 2007 Equity Incentive Award
Plan. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">(o) &#147;<U>Term</U>&#148; shall have the meaning set forth in Section&nbsp;2(b). </P>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TD WIDTH="4%" VALIGN="top" ALIGN="left"><B>2.</B></TD>
<TD ALIGN="left" VALIGN="top"><B><U>Employment.</U> </B></TD></TR></TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><U>(a) Initial Term.</U>&nbsp;The Company shall continue to employ
the Executive and the Executive shall continue in the employ of the Company, for the period set forth in this Section&nbsp;2, in the position set forth in Section&nbsp;3 and upon the other terms and conditions herein provided. The initial term of
employment under this Agreement (the &#147;Initial Term&#148;) shall be for the period beginning on the Effective Date of this Agreement and shall expire on the third anniversary thereof, unless earlier terminated as provided in Section&nbsp;5. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><U>(b) Extension.</U>&nbsp;The employment term hereunder shall be extended for successive one-year periods (&#147;Extension Terms&#148; and,
collectively with the Initial Term, the &#147;Term&#148;) upon the mutual agreement of the parties in writing. </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TD WIDTH="4%" VALIGN="top" ALIGN="left"><B>3.</B></TD>
<TD ALIGN="left" VALIGN="top"><B><U>Position and Duties.</U> </B></TD></TR></TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><U>(a) Generally.</U>&nbsp;The Executive shall serve as
the Chairman of the Board of Directors (&#147;Chairman&#148;) of the Company. Subject to reasonable modification from time to time by the Board, Executive shall report to the Board and shall have all of the powers, authority, duties and
responsibilities usually incident to the position and office of Chairman. Executive will, on a full-time basis, apply all of his skill and experience to the performance of his duties in such employment and will not, without the prior consent of the
Board, devote substantial amounts of time to outside business activities. Notwithstanding the foregoing, Executive may devote a reasonable amount of his time to civic, community, charitable or passive investment activities. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><U>(b) Subsidiaries.</U>&nbsp;If elected or appointed thereto, and only for the duration of such elected term or appointment, the Executive
shall serve as a director of the Company and any of its subsidiaries and/or in one or more executive offices of any of such subsidiaries, provided that the Executive is indemnified for serving in any and all such capacities as provided for in the
Company By-laws or otherwise. </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TD WIDTH="4%" VALIGN="top" ALIGN="left"><B>4.</B></TD>
<TD ALIGN="left" VALIGN="top"><B><U>Compensation and Related Matters.</U> </B></TD></TR></TABLE>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">3 </P>


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 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><U>(a) Annual Base Salary.</U>&nbsp;During the first 12 months of the Initial Term, the Executive
shall receive (i)&nbsp;a base salary (such base salary, as in effect from time to time, the &#147;Base Rate of Pay&#148;) at a rate of $750,000 per annum ; and (ii)&nbsp;an amount equal to the amount payable by the Executive for coverage under the
benefit plans referred to in Section&nbsp;4(d)(ii) (such amount the &#147;Gross Up Amount&#148;), provided that the Gross Up Amount is paid to the Executive no later than March&nbsp;15<SUP STYLE="font-size:85%; vertical-align:top">th</SUP> of the
year following the calendar year in which it is earned; and (iii)&nbsp;an additional amount equal to taxes payable by the Executive as a result of the receipt by the Executive of the Gross Up Amount, provided that such additional amount is paid to
the Executive no later than the end of the calendar year following the calendar year in which such taxes are paid by the Executive (the &#147;Tax Reimbursement&#148;) (such salary, collectively, the &#147;Annual Base Salary&#148;). After the first
12 months of the Initial Term, the Executive&#146;s Annual Base Salary shall be (i)&nbsp;the Base Rate of Pay set forth above or a revised Base Rate of Pay determined by the Board of its authorized committee with a view toward consideration of merit
increases, market rates of pay for similarly situated executives and such other factors that the Board or its authorized committee determines to be appropriate, (ii)&nbsp;the Gross Up Amount and (iii)&nbsp;the Tax Reimbursement. The Annual Base
Salary shall be paid in arrears in substantially equal installments at monthly or more frequent intervals, in accordance with the normal payroll practices of the Company. The Annual Base Salary shall be effective retroactively to the Effective Date
and the amounts that the Executive would have received under this Agreement had it been entered into on the Effective Date that are in excess of amounts received by the Executive since the Effective Date shall be paid to the Executive at the time of
the first salary payment to the Executive after the date hereof. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">(<U>b) Bonus.</U>&nbsp;Executive shall be eligible to receive an annual
performance bonus (the &#147;Annual Bonus&#148;) to be determined by the Compensation Committee of the Board and based on criteria as set forth in the &#147;Performance Incentive Plan&#148; dated January&nbsp;1, 2012, or any successor Performance
Incentive Plan approved by the Compensation Committee, such Annual Bonus to be established by the Compensation Committee in its sole discretion. The Annual Bonus shall be paid in no event later than March&nbsp;15th of the calendar year following the
calendar year in which such bonus is earned. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><U>(c) Restricted Stock Units Grant.</U> As soon as reasonably practicable following the
date hereof, the Compensation Committee shall grant Executive 45,000 Restricted Stock Units. Provided that the Executive remains continuously employed by the Company from the date of grant through the applicable vesting date, one third of the
Restricted Stock Units shall vest on the first anniversary of the Effective Date, one third of the Restricted Stock Units shall vest on the second anniversary of the Effective Date and one third of the Restricted Stock Units shall vest on the third
anniversary of the Effective Date. The restricted stock units shall contain such other terms (consistent with the Company&#146;s customary form of restricted stock unit agreement and not inconsistent with this Agreement) as the Compensation
Committee determines. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><U>(d) Benefits.</U> (i)&nbsp;The Executive shall be eligible to participate in the Beasley Broadcast Group Inc.
2007 Equity Incentive Award Plan, as amended, and such other equity based or incentive compensation plans or programs as may be adopted by the Company from time to time (collectively, the &#147;Equity Plan&#148;) for its senior executives, at such
level and in such amounts as may be determined by the Compensation Committee in its sole discretion, subject to the terms and conditions of the Equity Plan and any applicable award agreements. (ii)&nbsp;The Executive shall
</P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">4 </P>


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be entitled to participate in the other employee benefit plans, programs and arrangements of the Company in effect during the Term (including, without limitation, at the time of execution of this
Agreement, health insurance, dental insurance, vision insurance, long-term disability coverage, short term disability, cellular phone reimbursement, and vacation for Executive and his eligible dependents) now (or, to the extent determined by the
Compensation Committee, hereafter) in effect which are applicable to the senior officers of the Company (the &#147;Eligible Benefit Plans&#148;), subject to and on a basis consistent with the terms, conditions and overall administration thereof. The
Executive agrees that nothing contained in this Agreement shall prevent the Company from terminating or modifying any such Eligible Benefit Plans in whole or in part at any time. In addition, the Executive shall receive a monthly car allowance of
$1,000. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><U>(e) Expenses.</U> The Company shall reimburse the Executive for all reasonable travel and other business expenses incurred by
him in the performance of his duties to the Company, in accordance with the Company&#146;s documentation and other policies with respect thereto. </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><B>5.</B></TD>
<TD ALIGN="left" VALIGN="top"><B><U>Termination. </U> </B></TD></TR></TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">The Executive&#146;s employment hereunder may be terminated by
the Company or the Executive, as applicable, without any breach of this Agreement only under the following circumstances: </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><U>(a)
Circumstances.</U> </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; margin-left:4%; text-indent:8%; font-size:10pt; font-family:Times New Roman">(i) <U>Death.</U>&nbsp;The Executive&#146;s employment hereunder shall terminate upon his death. In
the event of the death of the Executive during the Term of this Agreement, Company shall pay to Executive or Executive&#146;s widow, if surviving, otherwise to his estate or legal representative, the Executive&#146;s prorated Annual Base Salary and
all vested benefits referenced herein through the Date of Termination. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; margin-left:4%; text-indent:8%; font-size:10pt; font-family:Times New Roman">(ii) <U>Disability.</U>&nbsp;If the Company
determines in good faith that the Executive has incurred a Disability, the Company shall give the Executive a minimum of thirty (30)&nbsp;days&#146; written notice of its intention to terminate the Executive&#146;s employment after the 180&nbsp;day
period referenced in Section&nbsp;1(i) (the &#147;Disability Notice&#148;). In such event, the Executive&#146;s employment with the Company shall terminate effective on the 30th&nbsp;day after receipt of the Disability Notice, provided that within
the 30&nbsp;days after such receipt, the Executive either has not returned to full-time performance of his duties or requested a return to performance of his duties with a reasonable accommodation for his disability. The Executive shall receive the
prorated Annual Base Salary and all vested benefits referenced herein through the Date of Termination. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; margin-left:4%; text-indent:8%; font-size:10pt; font-family:Times New Roman">(iii)
<U>Termination for Cause.</U>&nbsp;The Company may terminate the Executive&#146;s employment hereunder for Cause. The Executive shall receive his prorated Annual Base Salary and all vested benefits referenced herein through the Date of Termination.
</P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">5 </P>


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 <P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:4%; text-indent:8%; font-size:10pt; font-family:Times New Roman">(iv) <U>Termination without Cause</U>. The Company may terminate the
Executive&#146;s employment without Cause. The Executive shall receive his prorated Annual Base Salary and all vested benefits referenced herein through the Date of Termination. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; margin-left:4%; text-indent:8%; font-size:10pt; font-family:Times New Roman">(v) <U>Resignation for Good Reason.</U>&nbsp;The Executive may terminate his employment for Good Reason. The Executive shall
receive his prorated Annual Base Salary and all vested benefits referenced herein through the Date of Termination. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; margin-left:4%; text-indent:8%; font-size:10pt; font-family:Times New Roman">(vi)
<U>Resignation without Good Reason.</U>&nbsp;The Executive may resign his employment without Good Reason upon 90 days written notice to the Company. The Executive shall receive his prorated Annual Base Salary and all vested benefits referenced
herein through the Date of Termination. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><U>(b) Notice of Termination.</U> Any termination of the Executive&#146;s employment by the
Company or by the Executive under this Section&nbsp;5 (other than termination pursuant to Section&nbsp;5(a)(i)) shall be communicated by a written notice to the other party hereto indicating the specific termination provision in this Agreement
relied upon, setting forth in reasonable detail the facts and circumstances claimed to provide a basis for termination of the Executive&#146;s employment under the provision so indicated, and specifying a Date of Termination (a &#147;Notice of
Termination&#148;) which, except in the case of termination for Cause or resignation for Good Reason, shall be at least fourteen days following the date of such notice or thirty days if termination is pursuant to Section&nbsp;5(a)(ii) and not more
than forty-five days, except that in the case of a resignation without Good Reason shall be at least ninety (90)&nbsp;days following the date of such notice. </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TR style = "page-break-inside:avoid">
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><B>6.</B></TD>
<TD ALIGN="left" VALIGN="top"><B><U>Severance Payments.</U> </B></TD></TR></TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><U>(a) Entitlement to Severance Payments.</U> Subject to
Section&nbsp;6(b), if the Executive&#146;s employment terminates due to Executive&#146;s death (pursuant to Section&nbsp;5(a)(i)), pursuant to a termination without Cause (pursuant to Section&nbsp;5(a)(iv)), due to Disability (pursuant to
Section&nbsp;5(a)(ii)) or resignation for Good Reason (pursuant to Section&nbsp;5(a)(v)), then provided that the Executive&#146;s termination of employment constitutes a &#147;separation from service&#148; as defined under Treas. Reg.
Section&nbsp;1.409A-1(h): </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TR style = "page-break-inside:avoid">
<TD WIDTH="8%">&nbsp;</TD>
<TD WIDTH="5%" VALIGN="top" ALIGN="left">(i)</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">The Company shall pay/distribute the following severance payment (&#147;Severance Payment&#148;) to the
Executive, or in the event of Executive&#146;s death to Executive&#146;s widow, if surviving, otherwise to his estate or legal representative: (a)&nbsp;an amount equal to his then Annual Base Salary for the remainder of the Initial Term or one year,
whichever is greater (the &#147;Severance Period&#148;), payable over the Severance Period at the same time and in the same manner as such Annual Base Salary would have been paid if the Executive had remained in active employment until the end of
the Severance Period in accordance with the Company&#146;s normal payroll practices as in effect on the date of termination of the Executive&#146;s employment and (b)&nbsp;an amount equal to the highest Annual Bonus paid to Executive during the
preceding three (3)&nbsp;year period, or $750,000.00, whichever is greater, payable in a single installment within sixty (60)&nbsp;days </P></TD></TR></TABLE>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">6 </P>


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<TD WIDTH="13%">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">
of the Date of Termination. Notwithstanding the foregoing, if the Executive&#146;s employment termination occurs (x)&nbsp;during any period when the Company is party to a binding agreement
obligating the Company to enter into a transaction or series of transactions that, when consummated, will constitute a Change in Control or (y)&nbsp;on or within two years following the date of a Change in Control, then the Severance Payment shall
be the greater of the amount of the Severance Payment determined in accordance with the immediately preceding sentence or an amount equal to the sum of (A)&nbsp;two (2)&nbsp;times the Base Rate of Pay as in effect immediately prior to the Date of
Termination (disregarding any decrease in the Base Rate of Pay that provides a basis for Executive&#146;s resignation for Good Reason) and (B)&nbsp;two (2)&nbsp;times the highest Annual Bonus paid to Executive during the preceding three
(3)&nbsp;year period, which amount shall be paid in a single installment on the sixtieth (60th)&nbsp;day following the Date of Termination to the extent such payment does not result in the imposition of an excise tax under Section&nbsp;409A of the
Code and shall otherwise be paid as provided in this first sentence of this Section&nbsp;6(a)(i). </TD></TR></TABLE> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TD WIDTH="8%">&nbsp;</TD>
<TD WIDTH="5%" VALIGN="top" ALIGN="left">(ii)</TD>
<TD ALIGN="left" VALIGN="top">Executive shall be entitled to continue coverage under the Company&#146;s group health plan as required by Section&nbsp;4980B of the Code (&#147;COBRA&#148;) and the Company&#146;s group life plan for the eighteen month
period commencing on the Date of Termination. The Company shall pay Executive&#146;s (and his eligible dependents) premiums under COBRA (except to the extent it results in a duplication of payments made to Executive under Section&nbsp;6(a)(i) of
this Agreement) until the earlier of (A)&nbsp;eighteen months following the Date of Termination or (B)&nbsp;the date the Executive becomes eligible for coverage under another group health plan (the &#147;COBRA Payment Period&#148;). Notwithstanding
the foregoing, if at any time the Company determines that its payment of COBRA premiums on the Executive&#146;s behalf would result in a violation of applicable law (including but not limited to the 2010 Patient Protection and Affordable Care Act,
as amended by the 2010 Health Care and Education Reconciliation Act), then in lieu of paying COBRA premiums pursuant to this Section&nbsp;6(a)(ii), the Company shall pay the Executive on the last day of each remaining month of the COBRA Payment
Period, a fully taxable cash payment equal to the COBRA premium for such month, subject to applicable tax withholding (such amount, the &#147;<U>Special Severance Payment</U>&#148;), such Special Severance Payment to be made without regard to the
Executive&#146;s payment of COBRA premiums. Nothing in this Agreement shall deprive the Executive of his rights under COBRA or ERISA for benefits under plans and policies arising under his employment by the Company. </TD></TR></TABLE>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TR style = "page-break-inside:avoid">
<TD WIDTH="8%">&nbsp;</TD>
<TD WIDTH="5%" VALIGN="top" ALIGN="left">(iii)</TD>
<TD ALIGN="left" VALIGN="top">Notwithstanding the terms or conditions of the Equity Plan or any stock option or other award agreement between the Company and the Executive, all granted and outstanding stock options and other stock-based awards,
including but not limited to the Restricted Stock Units, shall become fully vested and exercisable as of the Date of Termination, and, to the extent exercisable, shall remain exercisable until the earlier to occur of (A)&nbsp;the expiration of such
stock option or other award pursuant to its terms or (B)&nbsp;the expiration of 90 days following the Date of Termination. </TD></TR></TABLE>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">7 </P>


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 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><U>(b) Release.</U> Notwithstanding anything to the contrary in this Section&nbsp;6, the
Executive shall not be entitled to any severance payments or benefits under Section&nbsp;6, unless the Executive, or in the case of Executive&#146;s death, the Executive&#146;s widow, if surviving, otherwise his estate executor or legal
representative (or, alternatively, whomever is entitled to the severance payment set forth in Section&nbsp;6(a)(i)) , executes and does not revoke the release of claims in substantially the form attached hereto as Exhibit B (and such release becomes
effective and irrevocable) within thirty (30)&nbsp;days following the Date of Termination. Notwithstanding anything to the contrary in this Section&nbsp;6, the payments due under Section&nbsp;6(a)(i) shall be payable commencing on the Company&#146;s
first payroll date occurring on or after the 30th day following the Date of Termination (the &#147;First Payroll Date&#148;), and any amounts that would otherwise have been paid pursuant to such Section&nbsp;6(a)(i) prior to the First Payroll Date
shall be paid in a lump-sum on the First Payroll Date. To the extent that, in the event of Executive&#146;s death, Florida law does not allow the Executive&#146;s widow, if surviving, or his estate executor or legal representative (or,
alternatively, whomever is entitled to the severance payment set forth in Section&nbsp;6(a)(i)) to execute the release of claims, then the individual authorized under Florida law to release claims on behalf of a deceased individual, if any, shall
execute the release of claims set forth above. If no person is authorized under Florida law, then this provision shall be waived. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><U>(c)
Survival.</U> The expiration or termination of the Term shall not impair the rights or obligations of any party hereto which shall have accrued hereunder prior to such expiration. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><U>(d) Mitigation of Damages.</U> In no event shall the Executive be obligated to seek other employment or take any other action by way of
mitigation of the amount payable to the Executive under any of the provisions of this Agreement and such amounts shall not be reduced (except as provided in Section&nbsp;6(a)(ii)) whether or not the Executive obtains other employment. Neither the
Executive nor the Company shall be liable to the other party for any damages in addition to the amounts payable under Section&nbsp;6 arising out of the termination of the Executive&#146;s employment prior to the end of the Term (except as provided
in Section&nbsp;9). </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TR style = "page-break-inside:avoid">
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><B>7.</B></TD>
<TD ALIGN="left" VALIGN="top"><B><U>Restrictive Covenants.</U> </B></TD></TR></TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><U>(a) Non-Competition</U>.&nbsp;The Term of
Non-Competition shall be defined as the term beginning on the date hereof and continuing until the first anniversary of the Date of Termination; provided, however, that if the Executive&#146;s employment is terminated by the Company, other than for
Cause, or terminated by Executive for Good Reason as set forth in Section&nbsp;5(a)(v), the term of Non-Competition shall expire upon the earlier of the first anniversary of the Date of Termination or the date that the Executive waives his
entitlement to any further payments under Section&nbsp;6, or the Date of Termination if no payments are to be made under Section&nbsp;6. During the Term of Non-Competition, the Executive shall not, without the prior written consent of the Board,
directly or indirectly engage in, or have any equity interest in, or manage, be employed or engaged by or operate any person, firm, corporation, partnership or business (whether as director, officer, employee, agent, representative, partner,
security holder, consultant or otherwise) that engages in, any business which competes with any business of the </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">8 </P>


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Company or any entity owned by it that is within 75 miles of any transmission site on which the Company or any entity owned by it operates a radio station at the Date of Termination, provided,
however, that the Executive shall be permitted to acquire a stock interest in such a corporation provided such stock is publicly traded and the stock so acquired is not more than five percent (5%)&nbsp;of the outstanding shares of such corporation.
<B><U></U></B> </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><U>(b) Construction of this Section</U>.&nbsp;In the event the terms of this Section&nbsp;7 shall be determined by any
court of competent jurisdiction to be unenforceable by reason of its extending for too great a period of time or over too great a geographical area or by reason of its being too extensive in any other respect, it will be interpreted to extend only
over the maximum period of time for which it may be enforceable, and/or over the maximum geographical area as to which it may be enforceable and/or to the maximum extent in all other respects as to which it may be enforceable, all as determined by
such court in such action. </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TR style = "page-break-inside:avoid">
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><B>8.</B></TD>
<TD ALIGN="left" VALIGN="top"><B><U>Nondisclosure of Proprietary Information.</U> </B></TD></TR></TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><U>(a) Confidentiality.</U> Except as
required in the faithful performance of the Executive&#146;s duties hereunder or pursuant to subsection&nbsp;(c), the Executive shall, in perpetuity, maintain in confidence and shall not directly, indirectly or otherwise, use, disseminate, disclose
or publish, or use for his benefit or the benefit of any person, firm, corporation or other entity any confidential or proprietary information or trade secrets of or relating to the Company, including, without limitation, information with respect to
the Company&#146;s operations, processes, products, inventions, business practices, finances, principals, vendors, suppliers, customers, potential customers, marketing methods, costs, prices, contractual relationships, regulatory status,
compensation paid to employees or other terms of employment, or deliver to any person, firm, corporation or other entity any document, record, notebook, computer program or similar repository of or containing any such confidential or proprietary
information or trade secrets. The parties hereby stipulate and agree that as between them the foregoing matters are important, material and confidential proprietary information and trade secrets and affect the successful conduct of the businesses of
the Company (and any successor or assignee of the Company). </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><U>(b) Return of Materials.</U> Upon termination of the Executive&#146;s
employment with Company for any reason and upon the Company&#146;s request, the Executive will promptly deliver to the Company all correspondence, drawings, manuals, letters, notes, notebooks, reports, programs, plans, proposals, financial
documents, or any other documents concerning the Company&#146;s customers, business plans, marketing strategies, products or processes and/or which contain proprietary information or trade secrets. Executive shall keep his cellular phone and phone
number. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><U>(c) Response to Legal Process.</U> The Executive may respond to a lawful and valid subpoena or other legal process but shall
give the Company the earliest possible notice thereof, and shall, as much in advance of the return date as possible, make available to the Company and its counsel the documents and other information sought and shall assist such counsel in resisting
or otherwise responding to such process. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><U>(d) Certain Exclusions.</U> Notwithstanding anything in this Agreement to the contrary,
nothing in this Agreement shall prohibit the Executive from reporting possible violations of </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">9 </P>


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 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">
Federal law or regulation to any United States governmental agency or entity in accordance with the provisions of and rules promulgated under Section&nbsp;21F of the Securities Exchange Act of
1934 or Section&nbsp;806 of the Sarbanes-Oxley Act of 2002, or any other whistleblower protection provisions of State or Federal law or regulation (including the right to receive an award for information provided to any such government agencies).
Furthermore, in accordance with 18&nbsp;U.S.C. &#167;&nbsp;1833, the Company hereby notifies the Executive that, notwithstanding anything to the contrary herein: (a)&nbsp;the Executive shall not be in breach of this Agreement, and shall not be held
criminally or civilly liable under any Federal or State trade secret law (i)&nbsp;for the disclosure of a trade secret that is made in confidence to a Federal, State, or local government official or to an attorney solely for the purpose of reporting
or investigating a suspected violation of law, or (ii)&nbsp;for the disclosure of a trade secret that is made in a complaint or other document filed in a lawsuit or other proceeding, if such filing is made under seal; and (b)&nbsp;if the Executive
files a lawsuit for retaliation by Company for reporting a suspected violation of law, the Executive may disclose the trade secret to the Executive&#146;s attorney, and may use the trade secret information in the court proceeding, if the Executive
files any document containing the trade secret under seal, and does not disclose the trade secret, except pursuant to court order. </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><B>9.</B></TD>
<TD ALIGN="left" VALIGN="top"><B><U>Injunctive Relief.</U> </B></TD></TR></TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">It is recognized and acknowledged by the Executive that a
breach of the covenants contained in Sections 7 and 8 will cause irreparable damage to Company and its goodwill, the exact amount of which will be difficult or impossible to ascertain, and that the remedies at law for any such breach will be
inadequate. Accordingly, the Executive agrees that in the event of a breach of any of the covenants contained in Sections 7 and 8, in addition to any other remedy which may be available at law or in equity, the Company will be entitled to seek
specific performance and injunctive relief. </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><B>10.</B></TD>
<TD ALIGN="left" VALIGN="top"><B><U>Binding on Successors.</U> </B></TD></TR></TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">This Agreement shall be binding upon and inure to the
benefit of the Company, the Executive and their respective successors, assigns, personnel and legal representatives, executors, administrators, heirs, distributees, devisees, and legatees, as applicable. The Company may assign its rights and
obligations under this Agreement to any successor to all or substantially all of the business or the assets of the Company. The Executive may not assign the Executive&#146;s rights or obligations under this Agreement other than the Executive&#146;s
rights to payments hereunder, which may only be assigned by will or the operation of the laws of descent and distribution. </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><B>11.</B></TD>
<TD ALIGN="left" VALIGN="top"><B><U>Governing Law.</U> </B></TD></TR></TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">This Agreement shall be governed, construed, interpreted and
enforced in accordance with the substantive laws of the State of Florida, without reference to the principles of conflicts of law of the State of Florida or any other jurisdiction, and where applicable, the laws of the United States. Executive
agrees that any claim arising out of or relating to this Agreement shall be brought exclusively in the state or federal courts of competent jurisdiction for Collier County, Florida. Executive consents to the personal jurisdiction of such courts and
thereby waives: (a)&nbsp;any objection to jurisdiction or venue; or (b)&nbsp;any defense claiming lack of jurisdiction or improper venue, in any action brought in such courts. Executive further acknowledges that Employee is executing this Agreement
in the State of Florida. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">10 </P>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">


<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><B>12.</B></TD>
<TD ALIGN="left" VALIGN="top"><B><U>Validity.</U> </B></TD></TR></TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">The invalidity or unenforceability of any provision or provisions of
this Agreement shall not affect the validity or enforceability of any other provision of this Agreement, which shall remain in full force and effect. </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><B>13.</B></TD>
<TD ALIGN="left" VALIGN="top"><B><U>Notices.</U> </B></TD></TR></TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">Any notice, request, claim, demand, document and other communication
hereunder to any party shall be effective upon receipt (or refusal of receipt) and shall be in writing and delivered personally or sent by overnight courier service or certified or registered mail, postage prepaid, as follows: </P>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="92%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" ALIGN="center">


<TR>
<TD WIDTH="12%"></TD>
<TD VALIGN="bottom" WIDTH="3%"></TD>
<TD WIDTH="85%"></TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Beasley Broadcast Group, Inc.</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">3033 Riviera
Drive, Suite 200</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Naples, Florida 34103</P> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:10pt; font-family:Times New Roman">Attn: Chief Executive
Officer</P></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" NOWRAP>With&nbsp;a&nbsp;copy&nbsp;to:</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Beasley Broadcast Group, Inc.</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">3033 Riviera
Drive, Suite 200</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Naples, Florida 34103</P> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:10pt; font-family:Times New Roman">Attn: General
Counsel</P></TD></TR>
</TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">If to the Executive, to his at the address set forth below under his signature; or at any other address as any
party shall have specified by notice in writing to the other parties. </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><B>14.</B></TD>
<TD ALIGN="left" VALIGN="top"><B><U>Counterparts.</U> </B></TD></TR></TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">This Agreement may be executed in several counterparts, each of
which shall be deemed to be an original, but all of which together will constitute one and the same Agreement. </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><B>15.</B></TD>
<TD ALIGN="left" VALIGN="top"><B><U>Entire Agreement.</U> </B></TD></TR></TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">The terms of this Agreement are intended by the parties to be
the final expression of their agreement with respect to the employment of the Executive by the Company and may not be contradicted by evidence of any prior or contemporaneous agreement. The parties further intend that this Agreement shall constitute
the complete and exclusive statement of its terms and that no extrinsic evidence whatsoever may be introduced in any judicial, administrative, or other legal proceeding to vary the terms of this Agreement. The parties agree that the Prior Employment
Agreement is hereby terminated, and this Agreement replaces and supersedes the Prior Employment Agreement in its entirety. </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><B>16.</B></TD>
<TD ALIGN="left" VALIGN="top"><B><U>Amendments; Waivers.</U> </B></TD></TR></TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">This Agreement may not be modified, amended, or terminated
except by an instrument in writing, signed by the Executive and the Chief Operating Officer. By an instrument </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">11 </P>


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<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">
in writing similarly executed, the Executive or the Company may waive compliance by the other party or parties with any provision of this Agreement that such other party was or is obligated to
comply with or perform, provided, however, that such waiver shall not operate as a waiver of, or estoppel with respect to, any other or subsequent failure. No failure to exercise and no delay in exercising any right, remedy, or power hereunder
preclude any other or further exercise of any other right, remedy, or power provided herein or by law or in equity. </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><B>17.</B></TD>
<TD ALIGN="left" VALIGN="top"><B><U>No Inconsistent Actions.</U> </B></TD></TR></TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">The parties hereto shall not voluntarily undertake or
fail to undertake any action or course of action inconsistent with the provisions or essential intent of this Agreement. Furthermore, it is the intent of the parties hereto to act in a fair and reasonable manner with respect to the interpretation
and application of the provisions of this Agreement. </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><B>18.</B></TD>
<TD ALIGN="left" VALIGN="top"><B><U>Arbitration.</U> </B></TD></TR></TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">Any dispute or controversy arising under or in connection with
this Agreement shall be settled exclusively by arbitration, conducted before a panel of three arbitrators in Collier County, Florida in accordance with the rules of the American Arbitration Association then in effect. Judgment may be entered on the
arbitrator&#146;s award in any court having jurisdiction; provided, however, that the Company shall be entitled to seek a restraining order or injunction in any court of competent jurisdiction to prevent any continuation of any violation of the
provisions of Sections 7 or 8 of this Agreement and the Executive hereby consents that such restraining order or injunction may be granted without the necessity of the Company&#146;s posting any bond. The fees and expense of the arbitrator shall be
borne by the Company. The prevailing party in any action or arbitration proceeding hereunder shall be entitled to recover its reasonable attorney&#146;s fees and costs from the other party. </P>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><B>19.</B></TD>
<TD ALIGN="left" VALIGN="top"><B><U>Claw-back</U></B><U>. <B></B></U><B> </B></TD></TR></TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">All compensation received by Executive shall
be subject to the provisions of any claw-back policy implemented by the Company to comply with applicable law, regulation or stock exchange rule, including, without limitation, any claw-back policy adopted to comply with the requirements of the
Dodd-Frank Wall Street Reform and Consumer Protection Act and any rules or regulations promulgated thereunder. </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><B>20.</B></TD>
<TD ALIGN="left" VALIGN="top"><B><U>Section&nbsp;409A.</U> </B></TD></TR></TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">Notwithstanding anything to the contrary in this Agreement,
if at the time of the Executive&#146;s separation from service with the Company, the Executive is a &#147;specified employee&#148; as defined in Section&nbsp;409A of the Internal Revenue Code of 1986, as amended (the &#147;Code&#148;), as determined
by the Company in accordance with Section&nbsp;409A of the Code, and the deferral of the commencement of any payments or benefits otherwise payable hereunder as a result of such separation from service is necessary in order to prevent any
accelerated or additional tax under Section&nbsp;409A of the Code, then the Company will defer the commencement of the payment of any such payments or benefits hereunder (without any reduction in the payments or benefits ultimately paid or provided
to the Executive) until the date that is at least six (6)&nbsp;months following the Executive&#146;s separation from service with the Company (or the earliest date </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">12 </P>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">
permitted under Section&nbsp;409A of the Code), whereupon the Company will pay the Executive a lump-sum amount equal to the cumulative amounts that would have otherwise been previously paid to
the Executive under this Agreement during the period in which such payments or benefits were deferred. Thereafter, payments will resume in accordance with this Agreement. For purposes of Section&nbsp;409A of the Code, the Executive&#146;s right to
receive any installment payments under this Agreement, including each payment made after a &#147;separation from service,&#148; will be considered as a right to receive a series of separate payments. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">This Agreement is intended to be written, administered, interpreted and construed in a manner such that no payment or benefits provided under
the Agreement become subject to (a)&nbsp;the gross income inclusion set forth within Code Section&nbsp;409A(a)(1)(A) or (b)&nbsp;the interest and additional tax set forth within Code Section&nbsp;409A(a)(1)(B) (together, referred to herein as the
&#147;Section 409A Penalties&#148;), including, where appropriate, the construction of defined terms to have meanings that would not cause the imposition of Section&nbsp;409A Penalties. In no event shall the Company be required to provide a tax
gross-up payment to Executive with respect to Section&nbsp;409A Penalties. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">Notwithstanding anything to the contrary in this Agreement,
in-kind benefits and reimbursements provided under this Agreement during any calendar year shall not affect in-kind benefits or reimbursements to be provided in any other calendar year, other than an arrangement providing for the reimbursement of
medical expenses referred to in Section&nbsp;105(b) of the Code, and are not subject to liquidation or exchange for another benefit. Notwithstanding anything to the contrary in this Agreement, reimbursement requests must be timely submitted by the
Executive and, if timely submitted, reimbursement payments shall be promptly made to the Executive following such submission, but in no event later than December&nbsp;31st of the calendar year following the calendar year in which the expense was
incurred. In no event shall the Executive be entitled to any reimbursement payments after December&nbsp;31st of the calendar year following the calendar year in which the expense was incurred. This paragraph shall only apply to in-kind benefits and
reimbursements that would result in taxable compensation income to the Executive. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">Additionally, in the event that following the date
hereof the Company or the Executive reasonably determines that any compensation or benefits payable under this Agreement may be subject to Section&nbsp;409A of the Code, the Company and the Executive shall work together to adopt such amendments to
this Agreement or adopt other policies or procedures (including amendments, policies and procedures with retroactive effect), or take any other commercially reasonable actions necessary or appropriate to (x)&nbsp;exempt the compensation and benefits
payable under this Agreement from Section&nbsp;409A of the Code and/or preserve the intended tax treatment of the compensation and benefits provided with respect to this Agreement or (y)&nbsp;comply with the requirements of Section&nbsp;409A of the
Code and related Department of Treasury guidance. </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><B>21.</B></TD>
<TD ALIGN="left" VALIGN="top"><B><U>Indemnification.</U> </B></TD></TR></TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">Company hereby indemnifies, holds harmless and agrees to
defend Executive from and against any and all losses, claims, demands, damages, costs, expenses and liabilities including without limitation, reasonable attorneys&#146; fees and disbursements incurred in connection therewith&nbsp;as set forth in the
By-laws of the Company. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">13 </P>


<p Style='page-break-before:always'>
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<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><B>22.</B></TD>
<TD ALIGN="left" VALIGN="top"><B><U>Survival.</U> </B></TD></TR></TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">The obligations, covenants, rights and remedies of the Parties under
Sections 6 through 11, 13 and 18 through 22 shall expressly extend beyond and survive termination of this Agreement. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">[<I>Signature Page
Follows</I>] </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">14 </P>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">

 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">IN WITNESS WHEREOF, the parties have executed this Agreement on the date and year first above
written. </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P><DIV ALIGN="right">
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="40%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt">


<TR>
<TD WIDTH="12%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="87%"></TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" COLSPAN="3">Beasley Broadcast Group, Inc.</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">By:</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000">&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #000000">/s/ Herbert W. McCord</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">Name:</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">Herbert W. McCord</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">Title:</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">Chairman of the Compensation Committee</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16" COLSPAN="3"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" COLSPAN="3">THE EXECUTIVE</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16" COLSPAN="3"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" COLSPAN="3" STYLE="BORDER-BOTTOM:1px solid #000000">/s/ George G. Beasley</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">Name:</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">George G. Beasley</TD></TR>
</TABLE></DIV>

<p Style='page-break-before:always'>
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 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><U>Exhibit A </U></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>General Release and Waiver </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">For and in consideration of the payments and other benefits due to George G. Beasley (the &#147;<U>Executive</U>&#148;) pursuant to
Section&nbsp;6 of the Executive Employment Agreement, dated as of [&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;] __, 2017 (the &#147;<U>Employment Agreement</U>&#148;), by and between Beasley Broadcast Group, Inc. (the
&#147;<U>Company</U>&#148;) and the Executive, and for other good and valuable consideration, the Executive hereby, for the Executive, the Executive&#146;s spouse and child or children (if any), the Executive&#146;s heirs, beneficiaries, devisees,
executors, administrators, attorneys, personal representatives, successors and assigns, forever releases and discharges the Company, and any of its divisions, affiliates, subsidiaries, parents, branches, predecessors, successors, assigns, and, with
respect to such entities, their officers, directors, trustees, employees, agents, shareholders, administrators, general or limited partners, representatives, attorneys, insurers and fiduciaries, past, present and future (the &#147;<U>Released
Parties</U>&#148;) from, and covenants not to sue for, any and all claims of any kind arising out of, or related to, Executive&#146;s employment with the Company, its affiliates and subsidiaries (collectively, with the Company, the
&#147;<U>Affiliated Entities</U>&#148;) or the Executive&#146;s separation from employment with the Affiliated Entities, which the Executive now has or may have against the Released Parties, whether known or unknown to the Executive, by reason of
facts which have occurred on or prior to the date that the Executive has signed this Release. Such released claims include, without limitation, any and all claims relating to the foregoing under federal, state or local laws pertaining to employment,
including, without limitation, Florida Civil Rights Act, Fla. Stat. Sec.&nbsp;760.01 et seq, the Age Discrimination in Employment Act, Title&nbsp;VII of the Civil Rights Act of 1964, as amended, 42&nbsp;U.S.C. Section&nbsp;2000e <I>et</I>.
<I>seq</I>., the Fair Labor Standards Act, as amended, 29&nbsp;U.S.C. Section&nbsp;201 <I>et</I>. <I>seq</I>., the Americans with Disabilities Act, as amended, 42 U.S.C. Section&nbsp;12101 <I>et</I>. <I>seq</I>. the Reconstruction Era Civil Rights
Act, as amended, 42&nbsp;U.S.C. Section&nbsp;1981 <I>et</I>. <I>seq</I>., the Rehabilitation Act of 1973 , as amended, 29&nbsp;U.S.C. Section&nbsp;701 <I>et</I>. <I>seq</I>., the Family and Medical Leave Act of 1992, 29&nbsp;U.S.C. Section&nbsp;2601
<I>et</I>. <I>seq</I>., and any and all state or local laws regarding employment discrimination and/or federal, state or local laws of any type or description regarding employment, including but not limited to any claims arising from or derivative
of the Executive&#146;s employment with the Affiliated Entities, as well as any and all such claims under state contract or tort law. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">The
Executive has read this Release carefully, acknowledges that the Executive has been given at least twenty-one (21)&nbsp;days to consider all of its terms and has been advised to consult with an attorney and any other advisors of the Executive&#146;s
choice prior to executing this Release, and the Executive fully understands that by signing below the Executive is voluntarily giving up any right which the Executive may have to sue or bring any other claims against the Released Parties, including
any rights and claims under the Age Discrimination in Employment Act. The Executive understands and acknowledges that the consideration given for this Release is in addition to anything of value to which the Executive was already entitled. The
Executive also understands that the Executive has a period of seven (7)&nbsp;days after signing this Release within which to revoke Executive&#146;s agreement, and that neither the Company nor any other person is obligated to make any payments or
provide any other benefits to the Executive pursuant to the Employment Agreement until the eighth (8th)&nbsp;day after the Executive&#146;s signing of this Release </P>

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without the Executive&#146;s signature having been revoked other than any accrued obligations or other benefits payable pursuant to the terms of the Company&#146;s normal payroll practices or
employee benefit plans. Finally, the Executive has not been forced or pressured in any manner whatsoever to sign this Release, and the Executive agrees to all of its terms voluntarily. The Executive is advised that nothing in this Release prevents
or precludes the Executive from challenging or seeking a determination in good faith of the validity of this waiver under the Age Discrimination in Employment Act, nor does it impose any condition precedent, penalties, or costs for doing so, unless
specifically authorized by Federal law. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Notwithstanding anything else herein to the contrary, this Release shall not affect: (i)&nbsp;the
Company&#146;s obligations under <U>Section&nbsp;6</U> of the Employment Agreement or under any compensation or employee benefit plan, program or arrangement (including, without limitation, obligations to the Executive under any stock option, stock
award or agreements or obligations under any pension, deferred compensation or retention plan) provided by the Affiliated Entities where the Executive&#146;s compensation or benefits are intended to continue or the Executive is to be provided with
compensation or benefits, in accordance with the express written terms of such plan, program or arrangement, beyond the date of the Executive&#146;s termination; (ii)&nbsp;rights to indemnification, contribution or liability insurance coverage the
Executive may have under the by-laws of the Company or applicable law. Furthermore, this Release does not release claims that cannot be released as a matter of law, and nothing in this Release prohibits the Executive from reporting possible
violations of Federal law or regulation to any United States governmental agency or entity in accordance with the provisions of and rules promulgated under Section&nbsp;21F of the Securities Exchange Act of 1934 or Section&nbsp;806 of the
Sarbanes-Oxley Act of 2002, or any other whistleblower protection provisions of State or Federal law or regulation (including the right to receive an award for information provided to any such government agencies). </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><U>Sections&nbsp;11</U>, <U>13</U> and <U>18</U> of the Employment Agreement shall also apply to this Release. This Release is final and
binding and may not be changed or modified except in a writing signed by both parties. In the event that any provision or any portion of any provision hereof becomes or is declared by a court of competent jurisdiction or arbitrator to be illegal,
unenforceable, or void, this Release shall continue in full force and effect without said provision or portion of provision. </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TD VALIGN="top">Date</TD>
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<TD VALIGN="top">GEORGE G. BEASLEY</TD></TR>
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<TYPE>EX-10.2
<SEQUENCE>3
<FILENAME>d408405dex102.htm
<DESCRIPTION>EXECUTIVE EMPLOYMENT AGREEMENT - CAROLINE BEASLEY
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<TITLE>Executive employment agreement - Caroline Beasley</TITLE>
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 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="right"><B>Exhibit 10.2 </B></P>
<P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B><U>EXECUTIVE EMPLOYMENT AGREEMENT </U></B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">THIS EXECUTIVE EMPLOYMENT AGREEMENT (&#147;Agreement&#148;) dated as of June&nbsp;8, 2017, is made by and between Beasley Broadcast Group,
Inc., a Delaware limited liability company (together with any successor thereto, the &#147;Company&#148;) and B. Caroline Beasley (the &#147;Executive&#148;). </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">WHEREAS, the Company and the Executive have entered into an Executive Employment Agreement, dated May&nbsp;13, 2005 (as amended, the
&#147;Prior Employment Agreement&#148;) and the Executive has been and is now employed by the Company; </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">WHEREAS, the Company desires to
continue to assure itself of the services of the Executive and to continue to employ the Executive, and the Executive desires to continue to commit herself to serve the Company and to continue to be employed by the Company, on the terms herein
provided; and </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">WHEREAS, the Company and the Executive desire to terminate the Prior Employment Agreement and replace and supersede the
Prior Employment Agreement in its entirety with this Agreement; </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">NOW, THEREFORE, in consideration of the foregoing and of the respective
covenants and agreements set forth below the parties hereto agree as follows: </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TD WIDTH="4%" VALIGN="top" ALIGN="left"><B>1.</B></TD>
<TD ALIGN="left" VALIGN="top"><B><U>Certain Definitions.</U> </B></TD></TR></TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">(a) &#147;<U>Annual Base Salary</U>&#148; shall have the
meaning set forth in Section&nbsp;4. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">(b) &#147;<U>Board</U>&#148; shall mean the Board of Directors of the Company. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">(c) &#147;<U>Cause</U>&#148; for the Company to terminate the Executive&#146;s employment hereunder shall exist upon the Executive&#146;s:
</P> <P STYLE="margin-top:12pt; margin-bottom:0pt; margin-left:4%; text-indent:8%; font-size:10pt; font-family:Times New Roman">(i), fraud, theft, embezzlement, proven gross negligence in connection with Executive performing her duties and
responsibilities hereunder. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; margin-left:4%; text-indent:8%; font-size:10pt; font-family:Times New Roman">(ii) conviction of a felony or a crime involving moral turpitude; or </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; margin-left:4%; text-indent:8%; font-size:10pt; font-family:Times New Roman">(iii) breach of any material provision of this Agreement, including without limitation, Section&nbsp;7 and Section&nbsp;8,
after notice given to Executive within ninety (90)&nbsp;days of Company first having direct knowledge of the occurrence of such material breach by Executive, and, to the extent curable, thirty (30)&nbsp;days opportunity for cure. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">(d) &#147;<U>Change in Control</U>&#148; shall mean any transaction or series of related transactions the consummation of which results in
Executive (or Executive&#146;s Immediate Family) holding or having a beneficial interest in shares of the Company&#146;s capital stock having less than fifty percent (50%)&nbsp;of the voting power of the Company&#146;s outstanding capital stock;
provided that any such transaction is a bona fide transaction between the Company and a third party (or parties) unrelated to the Executive, as determined by the Board in good faith. For purposes of this Agreement, &#147;Immediate Family&#148; shall
mean any person, trust, or estate who qualifies as a &#147;Permitted Class B Transferee&#148; as set forth in the Company&#146;s Articles of Incorporation. </P>

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 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">(e) &#147;<U>Company</U>&#148; shall have the meaning set forth in the preamble hereto. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">(f) &#147;<U>Compensation Committee</U>&#148; means the compensation committee of the Board. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">(g) &#147;<U>Contract Year</U>&#148; shall mean each twelve month period beginning on the Effective Date or an annual anniversary thereof.
</P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">(h) &#147;<U>Date of Termination</U>&#148; shall mean if the Executive&#146;s employment is terminated (i)&nbsp;due to her death, the
date of death as set forth in Section&nbsp;5(a)(i); (ii)&nbsp;due to her Disability as set forth in Section&nbsp;5(a)(ii), 30 days after receipt of the written notice as set forth in Section&nbsp;5(b), (iii)&nbsp;pursuant to Section&nbsp;5(a)(iii),
or Section&nbsp;5(a)(iv), the date of termination set forth in the written notice as set forth in Section&nbsp;5(b), subject to the notice and cure provision set forth in Section&nbsp;1(c)(iii), if applicable, (iv)&nbsp;pursuant to
Section&nbsp;5(a)(v), the date of termination set forth in the written notice as set forth in Section&nbsp;5(b), subject to the applicable notice and cure period set forth in Section&nbsp;1(l) and (v)&nbsp;pursuant to Section&nbsp;5(a)(vi), 90 days
after receipt of the written notice set forth in Section&nbsp;5(b). </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">(i) &#147;<U>Disability</U>&#148; shall mean the absence of the
Executive from the Executive&#146;s duties to the Company on a full-time basis for a period of 180 consecutive days as a result of incapacity due to mental or physical illness. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">(j) &#147;<U>Effective Date</U>&#148; of this Agreement shall mean January&nbsp;1, 2017. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">(k) &#147;<U>Executive</U>&#148; shall have the meaning set forth in the preamble hereto. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">(l) &#147;<U>Good Reason</U>&#148; shall mean the occurrence of any of the following events without the prior written consent of the
Executive, provided that the Executive provides written notice to the Company of the occurrence of such event within ninety (90)&nbsp;days after Executive first has direct knowledge of the event, which written notice shall include a description of
the existence of the condition underlying such event, and the Company does not remedy such event within thirty (30)&nbsp;days of receipt of such written notice from the Executive: </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; margin-left:4%; text-indent:8%; font-size:10pt; font-family:Times New Roman">(i) Company fails to make payment or provide benefit(s) to the Executive hereunder; </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; margin-left:4%; text-indent:8%; font-size:10pt; font-family:Times New Roman">(ii) a material diminution in the Executive&#146;s Annual Base Salary; </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; margin-left:4%; text-indent:8%; font-size:10pt; font-family:Times New Roman">(iii) a material diminution in the Executive&#146;s authority, duties or responsibilities; </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; margin-left:4%; text-indent:8%; font-size:10pt; font-family:Times New Roman">(iv) a material diminution in the budget over which the Executive retains authority; </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">2 </P>


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 <P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:4%; text-indent:8%; font-size:10pt; font-family:Times New Roman">(v) a material change in the geographic location at which the Executive must
perform services under this Agreement; or </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; margin-left:4%; text-indent:8%; font-size:10pt; font-family:Times New Roman">(vi) any other action or inaction that constitutes a material breach by the
Company of this Agreement. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; margin-left:4%; text-indent:8%; font-size:10pt; font-family:Times New Roman">(vii) a Change of Control. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">(m) &#147;<U>Notice of Termination</U>&#148; shall have the meaning set forth in Section&nbsp;5(b). </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">(n) &#147;<U>Restricted Stock Unit</U>&#148; shall have the meaning set forth in the Beasley Broadcast Group Inc. 2007 Equity Incentive Award
Plan. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">(o) &#147;<U>Term</U>&#148; shall have the meaning set forth in Section&nbsp;2(b). </P>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TD WIDTH="4%" VALIGN="top" ALIGN="left"><B>2.</B></TD>
<TD ALIGN="left" VALIGN="top"><B><U>Employment.</U> </B></TD></TR></TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><U>(a) Initial Term.</U>&nbsp;The Company shall continue to employ
the Executive and the Executive shall continue in the employ of the Company, for the period set forth in this Section&nbsp;2, in the position set forth in Section&nbsp;3 and upon the other terms and conditions herein provided. The initial term of
employment under this Agreement (the &#147;Initial Term&#148;) shall be for the period beginning on the Effective Date of this Agreement and shall expire on the third anniversary thereof, unless earlier terminated as provided in Section&nbsp;5. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><U>(b) Extension.</U>&nbsp;The employment term hereunder shall be extended for successive one-year periods (&#147;Extension Terms&#148; and,
collectively with the Initial Term, the &#147;Term&#148;) upon the mutual agreement of the parties in writing. </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TD WIDTH="4%" VALIGN="top" ALIGN="left"><B>3.</B></TD>
<TD ALIGN="left" VALIGN="top"><B><U>Position and Duties.</U> </B></TD></TR></TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><U>(a) Generally.</U>&nbsp;The Executive shall serve as
the Chief Executive Officer (&#147;CEO&#148;) of the Company. Subject to reasonable modification from time to time by the Board, Executive shall report to the Board and shall serve as CEO of the Company with such customary responsibilities, duties
and authority as are usually incident to the position of CEO. Executive shall be responsible for such duties normally associated with such position and as may be directed by the Board. Executive will, on a full-time basis, apply all of her skill and
experience to the performance of her duties in such employment and will not, without the prior consent of the Board, devote substantial amounts of time to outside business activities. Notwithstanding the foregoing, Executive may devote a reasonable
amount of her time to civic, community, charitable or passive investment activities. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><U>(b) Subsidiaries.</U>&nbsp;If elected or
appointed thereto, and only for the duration of such elected term or appointment, the Executive shall serve as a director of the Company and any of its subsidiaries and/or in one or more executive offices of any of such subsidiaries, provided that
the Executive is indemnified for serving in any and all such capacities as provided for in the Company By-laws or otherwise. </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TD WIDTH="4%" VALIGN="top" ALIGN="left"><B>4.</B></TD>
<TD ALIGN="left" VALIGN="top"><B><U>Compensation and Related Matters.</U> </B></TD></TR></TABLE>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">3 </P>


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 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><U>(a) Annual Base Salary.</U>&nbsp;During the first 12 months of the Initial Term, the Executive
shall receive (i)&nbsp;a base salary (such base salary, as in effect from time to time, the &#147;Base Rate of Pay&#148;) at a rate of $750,000 per annum ; and (ii)&nbsp;an amount equal to the amount payable by the Executive for coverage under the
benefit plans referred to in Section&nbsp;4(d)(ii) (such amount the &#147;Gross Up Amount&#148;), provided that the Gross Up Amount is paid to the Executive no later than March&nbsp;15<SUP STYLE="font-size:85%; vertical-align:top">th</SUP> of the
year following the calendar year in which it is earned; and (iii)&nbsp;an additional amount equal to taxes payable by the Executive as a result of the receipt by the Executive of the Gross Up Amount, provided that such additional amount is paid to
the Executive no later than the end of the calendar year following the calendar year in which such taxes are paid by the Executive (the &#147;Tax Reimbursement&#148;) (such salary, collectively, the &#147;Annual Base Salary&#148;). After the first
12 months of the Initial Term, the Executive&#146;s Annual Base Salary shall be (i)&nbsp;the Base Rate of Pay set forth above or a revised Base Rate of Pay determined by the Board of its authorized committee with a view toward consideration of merit
increases, market rates of pay for similarly situated executives and such other factors that the Board or its authorized committee determines to be appropriate, (ii)&nbsp;the Gross Up Amount and (iii)&nbsp;the Tax Reimbursement. The Annual Base
Salary shall be paid in arrears in substantially equal installments at monthly or more frequent intervals, in accordance with the normal payroll practices of the Company. The Annual Base Salary shall be effective retroactively to the Effective Date
and the amounts that the Executive would have received under this Agreement had it been entered into on the Effective Date that are in excess of amounts received by the Executive since the Effective Date shall be paid to the Executive at the time of
the first salary payment to the Executive after the date hereof. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">(<U>b) Bonus.</U>&nbsp;Executive shall be eligible to receive an annual
performance bonus (the &#147;Annual Bonus&#148;) to be determined by the Compensation Committee of the Board and based on criteria as set forth in the &#147;Performance Incentive Plan&#148; dated January&nbsp;1, 2012, or any successor Performance
Incentive Plan approved by the Compensation Committee, such Annual Bonus to be established by the Compensation Committee in its sole discretion. The Annual Bonus shall be paid in no event later than March&nbsp;15th of the calendar year following the
calendar year in which such bonus is earned. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><U>(c) Restricted Stock Units Grant.</U> As soon as reasonably practicable following the
date hereof, the Compensation Committee shall grant Executive 75,000 Restricted Stock Units. Provided that the Executive remains continuously employed by the Company from the date of grant through the applicable vesting date, one third of the
Restricted Stock Units shall vest on the first anniversary of the Effective Date, one third of the Restricted Stock Units shall vest on the second anniversary of the Effective Date and one third of the Restricted Stock Units shall vest on the third
anniversary of the Effective Date. The restricted stock units shall contain such other terms (consistent with the Company&#146;s customary form of restricted stock unit agreement and not inconsistent with this Agreement) as the Compensation
Committee determines. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><U>(d) Benefits.</U> (i)&nbsp;The Executive shall be eligible to participate in the Beasley Broadcast Group Inc.
2007 Equity Incentive Award Plan, as amended, and such other equity based or incentive compensation plans or programs as may be adopted by the Company from time to time (collectively, the &#147;Equity Plan&#148;) for its senior executives, at such
level and in such amounts as may be determined by the Compensation Committee in its sole discretion, subject to the terms and conditions of the Equity Plan and any applicable award agreements. (ii)&nbsp;The Executive shall
</P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">4 </P>


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be entitled to participate in the other employee benefit plans, programs and arrangements of the Company in effect during the Term (including, without limitation, at the time of execution of this
Agreement, health insurance, dental insurance, vision insurance, long-term disability coverage, short term disability, cellular phone reimbursement, and vacation for Executive and her eligible dependents) now (or, to the extent determined by the
Compensation Committee, hereafter) in effect which are applicable to the senior officers of the Company (the &#147;Eligible Benefit Plans&#148;), subject to and on a basis consistent with the terms, conditions and overall administration thereof. The
Executive agrees that nothing contained in this Agreement shall prevent the Company from terminating or modifying any such Eligible Benefit Plans in whole or in part at any time. In addition, the Executive shall receive a monthly car allowance of
$1,000. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><U>(e) Expenses.</U> The Company shall reimburse the Executive for all reasonable travel and other business expenses incurred by
her in the performance of her duties to the Company, in accordance with the Company&#146;s documentation and other policies with respect thereto. </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TR style = "page-break-inside:avoid">
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><B>5.</B></TD>
<TD ALIGN="left" VALIGN="top"><B><U>Termination. </U> </B></TD></TR></TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">The Executive&#146;s employment hereunder may be terminated by
the Company or the Executive, as applicable, without any breach of this Agreement only under the following circumstances: </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><U>(a)
Circumstances.</U> </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; margin-left:4%; text-indent:8%; font-size:10pt; font-family:Times New Roman">(i) <U>Death.</U>&nbsp;The Executive&#146;s employment hereunder shall terminate upon her death. In
the event of the death of the Executive during the Term of this Agreement, Company shall pay to Executive or Executive&#146;s widower, if surviving, otherwise to her estate or legal representative, the Executive&#146;s prorated Annual Base Salary
and all vested benefits referenced herein through the Date of Termination. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; margin-left:4%; text-indent:8%; font-size:10pt; font-family:Times New Roman">(ii) <U>Disability.</U>&nbsp;If the Company
determines in good faith that the Executive has incurred a Disability, the Company shall give the Executive a minimum of thirty (30)&nbsp;days&#146; written notice of its intention to terminate the Executive&#146;s employment after the 180&nbsp;day
period referenced in Section&nbsp;1(i) (the &#147;Disability Notice&#148;). In such event, the Executive&#146;s employment with the Company shall terminate effective on the 30th&nbsp;day after receipt of the Disability Notice, provided that within
the 30&nbsp;days after such receipt, the Executive either has not returned to full-time performance of her duties or requested a return to performance of her duties with a reasonable accommodation for her disability. The Executive shall receive the
prorated Annual Base Salary and all vested benefits referenced herein through the Date of Termination. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; margin-left:4%; text-indent:8%; font-size:10pt; font-family:Times New Roman">(iii)
<U>Termination for Cause.</U>&nbsp;The Company may terminate the Executive&#146;s employment hereunder for Cause. The Executive shall receive her prorated Annual Base Salary and all vested benefits referenced herein through the Date of Termination.
</P> <P STYLE="margin-top:12pt; margin-bottom:0pt; margin-left:4%; text-indent:8%; font-size:10pt; font-family:Times New Roman">(iv) <U>Termination without Cause</U>. The Company may terminate the Executive&#146;s employment without Cause. The
Executive shall receive her prorated Annual Base Salary and all vested benefits referenced herein through the Date of Termination. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">5 </P>


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 <P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:4%; text-indent:8%; font-size:10pt; font-family:Times New Roman">(v) <U>Resignation for Good Reason.</U>&nbsp;The Executive may terminate her
employment for Good Reason. The Executive shall receive her prorated Annual Base Salary and all vested benefits referenced herein through the Date of Termination. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; margin-left:4%; text-indent:8%; font-size:10pt; font-family:Times New Roman">(vi) <U>Resignation without Good Reason.</U>&nbsp;The Executive may resign her employment without Good Reason upon 90 days
written notice to the Company. The Executive shall receive her prorated Annual Base Salary and all vested benefits referenced herein through the Date of Termination. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><U>(b) Notice of Termination.</U> Any termination of the Executive&#146;s employment by the Company or by the Executive under this
Section&nbsp;5 (other than termination pursuant to Section&nbsp;5(a)(i)) shall be communicated by a written notice to the other party hereto indicating the specific termination provision in this Agreement relied upon, setting forth in reasonable
detail the facts and circumstances claimed to provide a basis for termination of the Executive&#146;s employment under the provision so indicated, and specifying a Date of Termination (a &#147;Notice of Termination&#148;) which, except in the case
of termination for Cause or resignation for Good Reason, shall be at least fourteen days following the date of such notice or thirty days if termination is pursuant to Section&nbsp;5(a)(ii) and not more than forty-five days, except that in the case
of a resignation without Good Reason shall be at least ninety (90)&nbsp;days following the date of such notice. </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TR style = "page-break-inside:avoid">
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><B>6.</B></TD>
<TD ALIGN="left" VALIGN="top"><B><U>Severance Payments.</U> </B></TD></TR></TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><U>(a) Entitlement to Severance Payments.</U> Subject to
Section&nbsp;6(b), if the Executive&#146;s employment terminates due to Executive&#146;s death (pursuant to Section&nbsp;5(a)(i)), pursuant to a termination without Cause (pursuant to Section&nbsp;5(a)(iv)), due to Disability (pursuant to
Section&nbsp;5(a)(ii)) or resignation for Good Reason (pursuant to Section&nbsp;5(a)(v)), then provided that the Executive&#146;s termination of employment constitutes a &#147;separation from service&#148; as defined under Treas. Reg.
Section&nbsp;1.409A-1(h): </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="8%">&nbsp;</TD>
<TD WIDTH="5%" VALIGN="top" ALIGN="left">(i)</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">The Company shall pay/distribute the following severance payment (&#147;Severance Payment&#148;) to the
Executive, or in the event of Executive&#146;s death to Executive&#146;s widower, if surviving, otherwise to her estate or legal representative: (a)&nbsp;an amount equal to her then Annual Base Salary for the remainder of the Initial Term or one
year, whichever is greater (the &#147;Severance Period&#148;), payable over the Severance Period at the same time and in the same manner as such Annual Base Salary would have been paid if the Executive had remained in active employment until the end
of the Severance Period in accordance with the Company&#146;s normal payroll practices as in effect on the date of termination of the Executive&#146;s employment and (b)&nbsp;an amount equal to the highest Annual Bonus paid to Executive during the
preceding three (3)&nbsp;year period, or $750,000.00, whichever is greater, payable in a single installment within sixty (60)&nbsp;days of the Date of Termination. Notwithstanding the foregoing, if the Executive&#146;s employment termination occurs
(x)&nbsp;during any period when the Company is party to a binding agreement obligating the Company to enter into a transaction or series of </P></TD></TR></TABLE>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">6 </P>


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<TD WIDTH="13%">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">
transactions that, when consummated, will constitute a Change in Control or (y)&nbsp;on or within two years following the date of a Change in Control, then the Severance Payment shall be the
greater of the amount of the Severance Payment determined in accordance with the immediately preceding sentence or an amount equal to the sum of (A)&nbsp;two (2)&nbsp;times the Base Rate of Pay as in effect immediately prior to the Date of
Termination (disregarding any decrease in the Base Rate of Pay that provides a basis for Executive&#146;s resignation for Good Reason) and (B)&nbsp;two (2)&nbsp;times the highest Annual Bonus paid to Executive during the preceding three
(3)&nbsp;year period, which amount shall be paid in a single installment on the sixtieth (60th)&nbsp;day following the Date of Termination to the extent such payment does not result in the imposition of an excise tax under Section&nbsp;409A of the
Code and shall otherwise be paid as provided in this first sentence of this Section&nbsp;6(a)(i). </TD></TR></TABLE> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="8%">&nbsp;</TD>
<TD WIDTH="5%" VALIGN="top" ALIGN="left">(ii)</TD>
<TD ALIGN="left" VALIGN="top">Executive shall be entitled to continue coverage under the Company&#146;s group health plan as required by Section&nbsp;4980B of the Code (&#147;COBRA&#148;) and the Company&#146;s group life plan for the eighteen month
period commencing on the Date of Termination. The Company shall pay Executive&#146;s (and her eligible dependents) premiums under COBRA (except to the extent it results in a duplication of payments made to Executive under Section&nbsp;6(a)(i) of
this Agreement) until the earlier of (A)&nbsp;eighteen months following the Date of Termination or (B)&nbsp;the date the Executive becomes eligible for coverage under another group health plan (the &#147;COBRA Payment Period&#148;). Notwithstanding
the foregoing, if at any time the Company determines that its payment of COBRA premiums on the Executive&#146;s behalf would result in a violation of applicable law (including but not limited to the 2010 Patient Protection and Affordable Care Act,
as amended by the 2010 Health Care and Education Reconciliation Act), then in lieu of paying COBRA premiums pursuant to this Section&nbsp;6(a)(ii), the Company shall pay the Executive on the last day of each remaining month of the COBRA Payment
Period, a fully taxable cash payment equal to the COBRA premium for such month, subject to applicable tax withholding (such amount, the &#147;<U>Special Severance Payment</U>&#148;), such Special Severance Payment to be made without regard to the
Executive&#146;s payment of COBRA premiums. Nothing in this Agreement shall deprive the Executive of her rights under COBRA or ERISA for benefits under plans and policies arising under his employment by the Company. </TD></TR></TABLE>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TR style = "page-break-inside:avoid">
<TD WIDTH="8%">&nbsp;</TD>
<TD WIDTH="5%" VALIGN="top" ALIGN="left">(iii)</TD>
<TD ALIGN="left" VALIGN="top">Notwithstanding the terms or conditions of the Equity Plan or any stock option or other award agreement between the Company and the Executive, all granted and outstanding stock options and other stock-based awards,
including but not limited to the Restricted Stock Units, shall become fully vested and exercisable as of the Date of Termination, and, to the extent exercisable, shall remain exercisable until the earlier to occur of (A)&nbsp;the expiration of such
stock option or other award pursuant to its terms or (B)&nbsp;the expiration of 90 days following the Date of Termination. </TD></TR></TABLE>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><U>(b) Release.</U> Notwithstanding anything to the contrary in this Section&nbsp;6, the Executive shall not be entitled to any severance
payments or benefits under Section&nbsp;6, unless the Executive, or in the case of Executive&#146;s death, the Executive&#146;s widower, if surviving, otherwise her estate executor or legal representative (or, alternatively, whomever is entitled to
the severance payment set forth in Section&nbsp;6(a)(i)) , executes and does not revoke the release of claims in substantially </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">7 </P>


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the form attached hereto as Exhibit B (and such release becomes effective and irrevocable) within thirty (30)&nbsp;days following the Date of Termination. Notwithstanding anything to the contrary
in this Section&nbsp;6, the payments due under Section&nbsp;6(a)(i) shall be payable commencing on the Company&#146;s first payroll date occurring on or after the 30th day following the Date of Termination (the &#147;First Payroll Date&#148;), and
any amounts that would otherwise have been paid pursuant to such Section&nbsp;6(a)(i) prior to the First Payroll Date shall be paid in a lump-sum on the First Payroll Date. To the extent that, in the event of Executive&#146;s death, Florida law does
not allow the Executive&#146;s widower, if surviving, or her estate executor or legal representative (or, alternatively, whomever is entitled to the severance payment set forth in Section&nbsp;6(a)(i)) to execute the release of claims, then the
individual authorized under Florida law to release claims on behalf of a deceased individual, if any, shall execute the release of claims set forth above. If no person is authorized under Florida law, then this provision shall be waived. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><U>(c) Survival.</U> The expiration or termination of the Term shall not impair the rights or obligations of any party hereto which shall have
accrued hereunder prior to such expiration. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><U>(d) Mitigation of Damages.</U> In no event shall the Executive be obligated to seek other
employment or take any other action by way of mitigation of the amount payable to the Executive under any of the provisions of this Agreement and such amounts shall not be reduced (except as provided in Section&nbsp;6(a)(ii)) whether or not the
Executive obtains other employment. Neither the Executive nor the Company shall be liable to the other party for any damages in addition to the amounts payable under Section&nbsp;6 arising out of the termination of the Executive&#146;s employment
prior to the end of the Term (except as provided in Section&nbsp;9). </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TR style = "page-break-inside:avoid">
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><B>7.</B></TD>
<TD ALIGN="left" VALIGN="top"><B><U>Restrictive Covenants.</U> </B></TD></TR></TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><U>(a) Non-Competition</U>.&nbsp;The Term of
Non-Competition shall be defined as the term beginning on the date hereof and continuing until the first anniversary of the Date of Termination; provided, however, that if the Executive&#146;s employment is terminated by the Company, other than for
Cause, or terminated by Executive for Good Reason as set forth in Section&nbsp;5(a)(v), the term of Non-Competition shall expire upon the earlier of the first anniversary of the Date of Termination or the date that the Executive waives her
entitlement to any further payments under Section&nbsp;6, or the Date of Termination if no payments are to be made under Section&nbsp;6. During the Term of Non-Competition, the Executive shall not, without the prior written consent of the Board,
directly or indirectly engage in, or have any equity interest in, or manage, be employed or engaged by or operate any person, firm, corporation, partnership or business (whether as director, officer, employee, agent, representative, partner,
security holder, consultant or otherwise) that engages in, any business which competes with any business of the Company or any entity owned by it that is within 75 miles of any transmission site on which the Company or any entity owned by it
operates a radio station at the Date of Termination, provided, however, that the Executive shall be permitted to acquire a stock interest in such a corporation provided such stock is publicly traded and the stock so acquired is not more than five
percent (5%)&nbsp;of the outstanding shares of such corporation. <B><U></U></B> </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><U>(b) Construction of this Section</U>.&nbsp;In the
event the terms of this Section&nbsp;7 shall be determined by any court of competent jurisdiction to be unenforceable by reason of its extending for too great a period of time or over too great a geographical area or by reason of its being too
</P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">8 </P>


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extensive in any other respect, it will be interpreted to extend only over the maximum period of time for which it may be enforceable, and/or over the maximum geographical area as to which it may
be enforceable and/or to the maximum extent in all other respects as to which it may be enforceable, all as determined by such court in such action. </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TR style = "page-break-inside:avoid">
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><B>8.</B></TD>
<TD ALIGN="left" VALIGN="top"><B><U>Nondisclosure of Proprietary Information.</U> </B></TD></TR></TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><U>(a) Confidentiality.</U> Except as
required in the faithful performance of the Executive&#146;s duties hereunder or pursuant to subsection&nbsp;(c), the Executive shall, in perpetuity, maintain in confidence and shall not directly, indirectly or otherwise, use, disseminate, disclose
or publish, or use for her benefit or the benefit of any person, firm, corporation or other entity any confidential or proprietary information or trade secrets of or relating to the Company, including, without limitation, information with respect to
the Company&#146;s operations, processes, products, inventions, business practices, finances, principals, vendors, suppliers, customers, potential customers, marketing methods, costs, prices, contractual relationships, regulatory status,
compensation paid to employees or other terms of employment, or deliver to any person, firm, corporation or other entity any document, record, notebook, computer program or similar repository of or containing any such confidential or proprietary
information or trade secrets. The parties hereby stipulate and agree that as between them the foregoing matters are important, material and confidential proprietary information and trade secrets and affect the successful conduct of the businesses of
the Company (and any successor or assignee of the Company). </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><U>(b) Return of Materials.</U> Upon termination of the Executive&#146;s
employment with Company for any reason and upon the Company&#146;s request, the Executive will promptly deliver to the Company all correspondence, drawings, manuals, letters, notes, notebooks, reports, programs, plans, proposals, financial
documents, or any other documents concerning the Company&#146;s customers, business plans, marketing strategies, products or processes and/or which contain proprietary information or trade secrets. Executive shall keep her cellular phone and phone
number. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><U>(c) Response to Legal Process.</U> The Executive may respond to a lawful and valid subpoena or other legal process but shall
give the Company the earliest possible notice thereof, and shall, as much in advance of the return date as possible, make available to the Company and its counsel the documents and other information sought and shall assist such counsel in resisting
or otherwise responding to such process. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><U>(d) Certain Exclusions.</U> Notwithstanding anything in this Agreement to the contrary,
nothing in this Agreement shall prohibit the Executive from reporting possible violations of Federal law or regulation to any United States governmental agency or entity in accordance with the provisions of and rules promulgated under
Section&nbsp;21F of the Securities Exchange Act of 1934 or Section&nbsp;806 of the Sarbanes-Oxley Act of 2002, or any other whistleblower protection provisions of State or Federal law or regulation (including the right to receive an award for
information provided to any such government agencies). Furthermore, in accordance with 18&nbsp;U.S.C. &#167;&nbsp;1833, the Company hereby notifies the Executive that, notwithstanding anything to the contrary herein: (a)&nbsp;the Executive shall not
be in breach of this Agreement, and shall not be held criminally or civilly liable under any Federal or State trade secret law (i)&nbsp;for the disclosure of a trade secret that is made in confidence to a Federal, State, or local government official
or to an </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">9 </P>


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attorney solely for the purpose of reporting or investigating a suspected violation of law, or (ii)&nbsp;for the disclosure of a trade secret that is made in a complaint or other document filed
in a lawsuit or other proceeding, if such filing is made under seal; and (b)&nbsp;if the Executive files a lawsuit for retaliation by Company for reporting a suspected violation of law, the Executive may disclose the trade secret to the
Executive&#146;s attorney, and may use the trade secret information in the court proceeding, if the Executive files any document containing the trade secret under seal, and does not disclose the trade secret, except pursuant to court order. </P>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><B>9.</B></TD>
<TD ALIGN="left" VALIGN="top"><B><U>Injunctive Relief.</U> </B></TD></TR></TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">It is recognized and acknowledged by the Executive that a
breach of the covenants contained in Sections 7 and 8 will cause irreparable damage to Company and its goodwill, the exact amount of which will be difficult or impossible to ascertain, and that the remedies at law for any such breach will be
inadequate. Accordingly, the Executive agrees that in the event of a breach of any of the covenants contained in Sections&nbsp;7 and 8, in addition to any other remedy which may be available at law or in equity, the Company will be entitled to seek
specific performance and injunctive relief. </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><B>10.</B></TD>
<TD ALIGN="left" VALIGN="top"><B><U>Binding on Successors.</U> </B></TD></TR></TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">This Agreement shall be binding upon and inure to the
benefit of the Company, the Executive and their respective successors, assigns, personnel and legal representatives, executors, administrators, heirs, distributees, devisees, and legatees, as applicable. The Company may assign its rights and
obligations under this Agreement to any successor to all or substantially all of the business or the assets of the Company. The Executive may not assign the Executive&#146;s rights or obligations under this Agreement other than the Executive&#146;s
rights to payments hereunder, which may only be assigned by will or the operation of the laws of descent and distribution. </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><B>11.</B></TD>
<TD ALIGN="left" VALIGN="top"><B><U>Governing Law.</U> </B></TD></TR></TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">This Agreement shall be governed, construed, interpreted and
enforced in accordance with the substantive laws of the State of Florida, without reference to the principles of conflicts of law of the State of Florida or any other jurisdiction, and where applicable, the laws of the United States. Executive
agrees that any claim arising out of or relating to this Agreement shall be brought exclusively in the state or federal courts of competent jurisdiction for Collier County, Florida. Executive consents to the personal jurisdiction of such courts and
thereby waives: (a)&nbsp;any objection to jurisdiction or venue; or (b)&nbsp;any defense claiming lack of jurisdiction or improper venue, in any action brought in such courts. Executive further acknowledges that Employee is executing this Agreement
in the State of Florida. </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><B>12.</B></TD>
<TD ALIGN="left" VALIGN="top"><B><U>Validity.</U> </B></TD></TR></TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">The invalidity or unenforceability of any provision or provisions of
this Agreement shall not affect the validity or enforceability of any other provision of this Agreement, which shall remain in full force and effect. </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><B>13.</B></TD>
<TD ALIGN="left" VALIGN="top"><B><U>Notices.</U> </B></TD></TR></TABLE>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">10 </P>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">

 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">Any notice, request, claim, demand, document and other communication hereunder to any party shall
be effective upon receipt (or refusal of receipt) and shall be in writing and delivered personally or sent by overnight courier service or certified or registered mail, postage prepaid, as follows: </P>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="92%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" ALIGN="center">


<TR>
<TD WIDTH="12%"></TD>
<TD VALIGN="bottom" WIDTH="3%"></TD>
<TD WIDTH="85%"></TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Beasley Broadcast Group, Inc.</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">3033 Riviera
Drive, Suite 200</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Naples, Florida 34103</P> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:10pt; font-family:Times New Roman">Attn: Chairman of the
Board of Directors</P></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" NOWRAP>With&nbsp;a&nbsp;copy&nbsp;to:</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Beasley Broadcast Group, Inc.</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">3033 Riviera
Drive, Suite 200</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Naples, Florida 34103</P> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:10pt; font-family:Times New Roman">Attn: General
Counsel</P></TD></TR>
</TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">If to the Executive, to her at the address set forth below under her signature; or at any other address as any
party shall have specified by notice in writing to the other parties. </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><B>14.</B></TD>
<TD ALIGN="left" VALIGN="top"><B><U>Counterparts.</U> </B></TD></TR></TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">This Agreement may be executed in several counterparts, each of
which shall be deemed to be an original, but all of which together will constitute one and the same Agreement. </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><B>15.</B></TD>
<TD ALIGN="left" VALIGN="top"><B><U>Entire Agreement.</U> </B></TD></TR></TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">The terms of this Agreement are intended by the parties to be
the final expression of their agreement with respect to the employment of the Executive by the Company and may not be contradicted by evidence of any prior or contemporaneous agreement. The parties further intend that this Agreement shall constitute
the complete and exclusive statement of its terms and that no extrinsic evidence whatsoever may be introduced in any judicial, administrative, or other legal proceeding to vary the terms of this Agreement. The parties agree that the Prior Employment
Agreement is hereby terminated, and this Agreement replaces and supersedes the Prior Employment Agreement in its entirety. </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><B>16.</B></TD>
<TD ALIGN="left" VALIGN="top"><B><U>Amendments; Waivers.</U> </B></TD></TR></TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">This Agreement may not be modified, amended, or terminated
except by an instrument in writing, signed by the Executive and the Chief Operating Officer. By an instrument in writing similarly executed, the Executive or the Company may waive compliance by the other party or parties with any provision of this
Agreement that such other party was or is obligated to comply with or perform, provided, however, that such waiver shall not operate as a waiver of, or estoppel with respect to, any other or subsequent failure. No failure to exercise and no delay in
exercising any right, remedy, or power hereunder preclude any other or further exercise of any other right, remedy, or power provided herein or by law or in equity. </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><B>17.</B></TD>
<TD ALIGN="left" VALIGN="top"><B><U>No Inconsistent Actions.</U> </B></TD></TR></TABLE>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">11 </P>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">

 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">The parties hereto shall not voluntarily undertake or fail to undertake any action or course of
action inconsistent with the provisions or essential intent of this Agreement. Furthermore, it is the intent of the parties hereto to act in a fair and reasonable manner with respect to the interpretation and application of the provisions of this
Agreement. </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><B>18.</B></TD>
<TD ALIGN="left" VALIGN="top"><B><U>Arbitration.</U> </B></TD></TR></TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">Any dispute or controversy arising under or in connection with
this Agreement shall be settled exclusively by arbitration, conducted before a panel of three arbitrators in Collier County, Florida in accordance with the rules of the American Arbitration Association then in effect. Judgment may be entered on the
arbitrator&#146;s award in any court having jurisdiction; provided, however, that the Company shall be entitled to seek a restraining order or injunction in any court of competent jurisdiction to prevent any continuation of any violation of the
provisions of Sections 7 or 8 of this Agreement and the Executive hereby consents that such restraining order or injunction may be granted without the necessity of the Company&#146;s posting any bond. The fees and expense of the arbitrator shall be
borne by the Company. The prevailing party in any action or arbitration proceeding hereunder shall be entitled to recover its reasonable attorney&#146;s fees and costs from the other party. </P>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><B>19.</B></TD>
<TD ALIGN="left" VALIGN="top"><B><U>Claw-back</U></B><U>. <B></B></U><B> </B></TD></TR></TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">All compensation received by Executive shall
be subject to the provisions of any claw-back policy implemented by the Company to comply with applicable law, regulation or stock exchange rule, including, without limitation, any claw-back policy adopted to comply with the requirements of the
Dodd-Frank Wall Street Reform and Consumer Protection Act and any rules or regulations promulgated thereunder. </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><B>20.</B></TD>
<TD ALIGN="left" VALIGN="top"><B><U>Section&nbsp;409A.</U> </B></TD></TR></TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">Notwithstanding anything to the contrary in this Agreement,
if at the time of the Executive&#146;s separation from service with the Company, the Executive is a &#147;specified employee&#148; as defined in Section&nbsp;409A of the Internal Revenue Code of 1986, as amended (the &#147;Code&#148;), as determined
by the Company in accordance with Section&nbsp;409A of the Code, and the deferral of the commencement of any payments or benefits otherwise payable hereunder as a result of such separation from service is necessary in order to prevent any
accelerated or additional tax under Section&nbsp;409A of the Code, then the Company will defer the commencement of the payment of any such payments or benefits hereunder (without any reduction in the payments or benefits ultimately paid or provided
to the Executive) until the date that is at least six (6)&nbsp;months following the Executive&#146;s separation from service with the Company (or the earliest date permitted under Section&nbsp;409A of the Code), whereupon the Company will pay the
Executive a lump-sum amount equal to the cumulative amounts that would have otherwise been previously paid to the Executive under this Agreement during the period in which such payments or benefits were deferred. Thereafter, payments will resume in
accordance with this Agreement. For purposes of Section&nbsp;409A of the Code, the Executive&#146;s right to receive any installment payments under this Agreement, including each payment made after a &#147;separation from service,&#148; will be
considered as a right to receive a series of separate payments. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">12 </P>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">

 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">This Agreement is intended to be written, administered, interpreted and construed in a manner
such that no payment or benefits provided under the Agreement become subject to (a)&nbsp;the gross income inclusion set forth within Code Section&nbsp;409A(a)(1)(A) or (b)&nbsp;the interest and additional tax set forth within Code
Section&nbsp;409A(a)(1)(B) (together, referred to herein as the &#147;Section 409A Penalties&#148;), including, where appropriate, the construction of defined terms to have meanings that would not cause the imposition of Section&nbsp;409A Penalties.
In no event shall the Company be required to provide a tax gross-up payment to Executive with respect to Section&nbsp;409A Penalties. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">Notwithstanding anything to the contrary in this Agreement, in-kind benefits and reimbursements provided under this Agreement during any
calendar year shall not affect in-kind benefits or reimbursements to be provided in any other calendar year, other than an arrangement providing for the reimbursement of medical expenses referred to in Section&nbsp;105(b) of the Code, and are not
subject to liquidation or exchange for another benefit. Notwithstanding anything to the contrary in this Agreement, reimbursement requests must be timely submitted by the Executive and, if timely submitted, reimbursement payments shall be promptly
made to the Executive following such submission, but in no event later than December&nbsp;31st of the calendar year following the calendar year in which the expense was incurred. In no event shall the Executive be entitled to any reimbursement
payments after December&nbsp;31st of the calendar year following the calendar year in which the expense was incurred. This paragraph shall only apply to in-kind benefits and reimbursements that would result in taxable compensation income to the
Executive. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">Additionally, in the event that following the date hereof the Company or the Executive reasonably determines that any
compensation or benefits payable under this Agreement may be subject to Section&nbsp;409A of the Code, the Company and the Executive shall work together to adopt such amendments to this Agreement or adopt other policies or procedures (including
amendments, policies and procedures with retroactive effect), or take any other commercially reasonable actions necessary or appropriate to (x)&nbsp;exempt the compensation and benefits payable under this Agreement from Section&nbsp;409A of the Code
and/or preserve the intended tax treatment of the compensation and benefits provided with respect to this Agreement or (y)&nbsp;comply with the requirements of Section&nbsp;409A of the Code and related Department of Treasury guidance. </P>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><B>21.</B></TD>
<TD ALIGN="left" VALIGN="top"><B><U>Indemnification.</U> </B></TD></TR></TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">Company hereby indemnifies, holds harmless and agrees to
defend Executive from and against any and all losses, claims, demands, damages, costs, expenses and liabilities including without limitation, reasonable attorneys&#146; fees and disbursements incurred in connection therewith&nbsp;as set forth in the
By-laws of the Company. </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><B>22.</B></TD>
<TD ALIGN="left" VALIGN="top"><B><U>Survival.</U> </B></TD></TR></TABLE>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">13 </P>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">

 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">The obligations, covenants, rights and remedies of the Parties under Sections 6 through 11, 13
and 18 through 22 shall expressly extend beyond and survive termination of this Agreement. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">[<I>Signature Page Follows</I>] </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">14 </P>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">

 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">IN WITNESS WHEREOF, the parties have executed this Agreement on the date and year first above
written. </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P><DIV ALIGN="right">
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="40%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt">


<TR>
<TD WIDTH="12%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="87%"></TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" COLSPAN="3">Beasley Broadcast Group, Inc.</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">By:</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000">&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #000000">/s/ George G. Beasley</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">Name:</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">George G. Beasley</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">Title:</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">Chairman of the Board of Directors</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16" COLSPAN="3"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" COLSPAN="3">THE EXECUTIVE</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16" COLSPAN="3"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" COLSPAN="3" STYLE="BORDER-BOTTOM:1px solid #000000">/s/ B. Caroline Beasley</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">Name:</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">B. Caroline Beasley</TD></TR>
</TABLE></DIV>

<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><U>Exhibit A </U></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>General Release and Waiver </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">For and in consideration of the payments and other benefits due to B. Caroline Beasley (the &#147;<U>Executive</U>&#148;) pursuant to
Section&nbsp;6 of the Executive Employment Agreement, dated as of [&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;] __, 2017 (the &#147;<U>Employment Agreement</U>&#148;), by and between Beasley Broadcast Group, Inc. (the
&#147;<U>Company</U>&#148;) and the Executive, and for other good and valuable consideration, the Executive hereby, for the Executive, the Executive&#146;s spouse and child or children (if any), the Executive&#146;s heirs, beneficiaries, devisees,
executors, administrators, attorneys, personal representatives, successors and assigns, forever releases and discharges the Company, and any of its divisions, affiliates, subsidiaries, parents, branches, predecessors, successors, assigns, and, with
respect to such entities, their officers, directors, trustees, employees, agents, shareholders, administrators, general or limited partners, representatives, attorneys, insurers and fiduciaries, past, present and future (the &#147;<U>Released
Parties</U>&#148;) from, and covenants not to sue for, any and all claims of any kind arising out of, or related to, Executive&#146;s employment with the Company, its affiliates and subsidiaries (collectively, with the Company, the
&#147;<U>Affiliated Entities</U>&#148;) or the Executive&#146;s separation from employment with the Affiliated Entities, which the Executive now has or may have against the Released Parties, whether known or unknown to the Executive, by reason of
facts which have occurred on or prior to the date that the Executive has signed this Release. Such released claims include, without limitation, any and all claims relating to the foregoing under federal, state or local laws pertaining to employment,
including, without limitation, Florida Civil Rights Act, Fla. Stat. Sec.&nbsp;760.01 et seq, the Age Discrimination in Employment Act, Title&nbsp;VII of the Civil Rights Act of 1964, as amended, 42&nbsp;U.S.C. Section&nbsp;2000e <I>et</I>.
<I>seq</I>., the Fair Labor Standards Act, as amended, 29&nbsp;U.S.C. Section&nbsp;201 <I>et</I>. <I>seq</I>., the Americans with Disabilities Act, as amended, 42&nbsp;U.S.C. Section&nbsp;12101 <I>et</I>. <I>seq</I>. the Reconstruction Era Civil
Rights Act, as amended, 42&nbsp;U.S.C. Section&nbsp;1981 <I>et</I>. <I>seq</I>., the Rehabilitation Act of 1973 , as amended, 29&nbsp;U.S.C. Section&nbsp;701 <I>et</I>. <I>seq</I>., the Family and Medical Leave Act of 1992, 29&nbsp;U.S.C.
Section&nbsp;2601 <I>et</I>. <I>seq</I>., and any and all state or local laws regarding employment discrimination and/or federal, state or local laws of any type or description regarding employment, including but not limited to any claims arising
from or derivative of the Executive&#146;s employment with the Affiliated Entities, as well as any and all such claims under state contract or tort law. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">The Executive has read this Release carefully, acknowledges that the Executive has been given at least twenty-one (21)&nbsp;days to consider
all of its terms and has been advised to consult with an attorney and any other advisors of the Executive&#146;s choice prior to executing this Release, and the Executive fully understands that by signing below the Executive is voluntarily giving up
any right which the Executive may have to sue or bring any other claims against the Released Parties, including any rights and claims under the Age Discrimination in Employment Act. The Executive understands and acknowledges that the consideration
given for this Release is in addition to anything of value to which the Executive was already entitled. The Executive also understands that the Executive has a period of seven (7)&nbsp;days after signing this Release within which to revoke
Executive&#146;s agreement, and that neither the Company nor any other person is obligated to make any payments or provide any other benefits to the Executive pursuant to the Employment Agreement until the eighth (8th)&nbsp;day after the
Executive&#146;s signing of this Release </P>

<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">
without the Executive&#146;s signature having been revoked other than any accrued obligations or other benefits payable pursuant to the terms of the Company&#146;s normal payroll practices or
employee benefit plans. Finally, the Executive has not been forced or pressured in any manner whatsoever to sign this Release, and the Executive agrees to all of its terms voluntarily. The Executive is advised that nothing in this Release prevents
or precludes the Executive from challenging or seeking a determination in good faith of the validity of this waiver under the Age Discrimination in Employment Act, nor does it impose any condition precedent, penalties, or costs for doing so, unless
specifically authorized by Federal law. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Notwithstanding anything else herein to the contrary, this Release shall not affect: (i)&nbsp;the
Company&#146;s obligations under <U>Section&nbsp;6</U> of the Employment Agreement or under any compensation or employee benefit plan, program or arrangement (including, without limitation, obligations to the Executive under any stock option, stock
award or agreements or obligations under any pension, deferred compensation or retention plan) provided by the Affiliated Entities where the Executive&#146;s compensation or benefits are intended to continue or the Executive is to be provided with
compensation or benefits, in accordance with the express written terms of such plan, program or arrangement, beyond the date of the Executive&#146;s termination; (ii)&nbsp;rights to indemnification, contribution or liability insurance coverage the
Executive may have under the by-laws of the Company or applicable law. Furthermore, this Release does not release claims that cannot be released as a matter of law, and nothing in this Release prohibits the Executive from reporting possible
violations of Federal law or regulation to any United States governmental agency or entity in accordance with the provisions of and rules promulgated under Section&nbsp;21F of the Securities Exchange Act of 1934 or Section&nbsp;806 of the
Sarbanes-Oxley Act of 2002, or any other whistleblower protection provisions of State or Federal law or regulation (including the right to receive an award for information provided to any such government agencies). </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><U>Sections&nbsp;11</U>, <U>13</U> and <U>18</U> of the Employment Agreement shall also apply to this Release. This Release is final and
binding and may not be changed or modified except in a writing signed by both parties. In the event that any provision or any portion of any provision hereof becomes or is declared by a court of competent jurisdiction or arbitrator to be illegal,
unenforceable, or void, this Release shall continue in full force and effect without said provision or portion of provision. </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TD VALIGN="top">Date</TD>
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<TD VALIGN="top">B. CAROLINE BEASLEY</TD></TR>
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<TD VALIGN="top">BEASLEY BROADCAST GROUP, INC.</TD></TR>
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<TYPE>EX-10.3
<SEQUENCE>4
<FILENAME>d408405dex103.htm
<DESCRIPTION>EXECUTIVE EMPLOYMENT AGREEMENT - BRUCE G. BEASLEY
<TEXT>
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<TITLE>Executive employment agreement - Bruce G. Beasley</TITLE>
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 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="right"><B>Exhibit 10.3 </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B><U>EXECUTIVE EMPLOYMENT AGREEMENT </U></B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">THIS EXECUTIVE EMPLOYMENT AGREEMENT (&#147;Agreement&#148;) dated as of June&nbsp;8, 2017, is made by and between Beasley Broadcast Group,
Inc., a Delaware limited liability company (together with any successor thereto, the &#147;Company&#148;) and Bruce G. Beasley (the &#147;Executive&#148;). </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">WHEREAS, the Company and the Executive have entered into an Executive Employment Agreement, dated May&nbsp;13, 2005 (as amended, the
&#147;Prior Employment Agreement&#148;) and the Executive has been and is now employed by the Company; </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">WHEREAS, the Company desires to
continue to assure itself of the services of the Executive and to continue to employ the Executive, and the Executive desires to continue to commit herself to serve the Company and to continue to be employed by the Company, on the terms herein
provided; and </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">WHEREAS, the Company and the Executive desire to terminate the Prior Employment Agreement and replace and supersede the
Prior Employment Agreement in its entirety with this Agreement; </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">NOW, THEREFORE, in consideration of the foregoing and of the respective
covenants and agreements set forth below the parties hereto agree as follows: </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TD WIDTH="4%" VALIGN="top" ALIGN="left"><B>1.</B></TD>
<TD ALIGN="left" VALIGN="top"><B><U>Certain Definitions.</U> </B></TD></TR></TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">(a) &#147;<U>Annual Base Salary</U>&#148; shall have the
meaning set forth in Section&nbsp;4. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">(b) &#147;<U>Board</U>&#148; shall mean the Board of Directors of the Company. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">(c) &#147;<U>Cause</U>&#148; for the Company to terminate the Executive&#146;s employment hereunder shall exist upon the Executive&#146;s:
</P> <P STYLE="margin-top:12pt; margin-bottom:0pt; margin-left:4%; text-indent:8%; font-size:10pt; font-family:Times New Roman">(i), fraud, theft, embezzlement, proven gross negligence in connection with Executive performing his duties and
responsibilities hereunder. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; margin-left:4%; text-indent:8%; font-size:10pt; font-family:Times New Roman">(ii) conviction of a felony or a crime involving moral turpitude; or </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; margin-left:4%; text-indent:8%; font-size:10pt; font-family:Times New Roman">(iii) breach of any material provision of this Agreement, including without limitation, Section&nbsp;7 and Section&nbsp;8,
after notice given to Executive within ninety (90)&nbsp;days of Company first having direct knowledge of the occurrence of such material breach by Executive, and, to the extent curable, thirty (30)&nbsp;days opportunity for cure. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">(d) &#147;<U>Change in Control</U>&#148; shall mean any transaction or series of related transactions the consummation of which results in
Executive (or Executive&#146;s Immediate Family) holding or having a beneficial interest in shares of the Company&#146;s capital stock having less than fifty percent (50%)&nbsp;of the voting power of the Company&#146;s outstanding capital stock;
provided that any such transaction is a bona fide transaction between the Company and a third party (or parties) unrelated to the Executive, as determined by the Board in good faith. For purposes of this Agreement, &#147;Immediate Family&#148; shall
mean any person, trust, or estate who qualifies as a &#147;Permitted Class B Transferee&#148; as set forth in the Company&#146;s Articles of Incorporation. </P>

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 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">(e) &#147;<U>Company</U>&#148; shall have the meaning set forth in the preamble hereto. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">(f) &#147;<U>Compensation Committee</U>&#148; means the compensation committee of the Board. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">(g) &#147;<U>Contract Year</U>&#148; shall mean each twelve month period beginning on the Effective Date or an annual anniversary thereof.
</P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">(h) &#147;<U>Date of Termination</U>&#148; shall mean if the Executive&#146;s employment is terminated (i)&nbsp;due to his death, the
date of death as set forth in Section&nbsp;5(a)(i); (ii)&nbsp;due to his Disability as set forth in Section&nbsp;5(a)(ii), 30 days after receipt of the written notice as set forth in Section&nbsp;5(b), (iii)&nbsp;pursuant to Section&nbsp;5(a)(iii),
or Section&nbsp;5(a)(iv), the date of termination set forth in the written notice as set forth in Section&nbsp;5(b), subject to the notice and cure provision set forth in Section&nbsp;1(c)(iii), if applicable, (iv)&nbsp;pursuant to
Section&nbsp;5(a)(v), the date of termination set forth in the written notice as set forth in Section&nbsp;5(b), subject to the applicable notice and cure period set forth in Section&nbsp;1(l) and (v)&nbsp;pursuant to Section&nbsp;5(a)(vi), 90 days
after receipt of the written notice set forth in Section&nbsp;5(b). </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">(i) &#147;<U>Disability</U>&#148; shall mean the absence of the
Executive from the Executive&#146;s duties to the Company on a full-time basis for a period of 180 consecutive days as a result of incapacity due to mental or physical illness. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">(j) &#147;<U>Effective Date</U>&#148; of this Agreement shall mean January&nbsp;1, 2017. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">(k) &#147;<U>Executive</U>&#148; shall have the meaning set forth in the preamble hereto. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">(l) &#147;<U>Good Reason</U>&#148; shall mean the occurrence of any of the following events without the prior written consent of the
Executive, provided that the Executive provides written notice to the Company of the occurrence of such event within ninety (90)&nbsp;days after Executive first has direct knowledge of the event, which written notice shall include a description of
the existence of the condition underlying such event, and the Company does not remedy such event within thirty (30)&nbsp;days of receipt of such written notice from the Executive: </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; margin-left:4%; text-indent:8%; font-size:10pt; font-family:Times New Roman">(i) Company fails to make payment or provide benefit(s) to the Executive hereunder; </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; margin-left:4%; text-indent:8%; font-size:10pt; font-family:Times New Roman">(ii) a material diminution in the Executive&#146;s Annual Base Salary; </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; margin-left:4%; text-indent:8%; font-size:10pt; font-family:Times New Roman">(iii) a material diminution in the Executive&#146;s authority, duties or responsibilities; </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">2 </P>


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 <P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:4%; text-indent:8%; font-size:10pt; font-family:Times New Roman">(iv) a material diminution in the budget over which the Executive retains
authority; </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; margin-left:4%; text-indent:8%; font-size:10pt; font-family:Times New Roman">(v) a material change in the geographic location at which the Executive must perform services under this
Agreement; or </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; margin-left:4%; text-indent:8%; font-size:10pt; font-family:Times New Roman">(vi) any other action or inaction that constitutes a material breach by the Company of this Agreement. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; margin-left:4%; text-indent:8%; font-size:10pt; font-family:Times New Roman">(vii) a Change of Control. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">(m) &#147;<U>Notice of Termination</U>&#148; shall have the meaning set forth in Section&nbsp;5(b). </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">(n) &#147;<U>Restricted Stock Unit</U>&#148; shall have the meaning set forth in the Beasley Broadcast Group Inc. 2007 Equity Incentive Award
Plan. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">(o) &#147;<U>Term</U>&#148; shall have the meaning set forth in Section&nbsp;2(b). </P>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TD WIDTH="4%" VALIGN="top" ALIGN="left"><B>2.</B></TD>
<TD ALIGN="left" VALIGN="top"><B><U>Employment.</U> </B></TD></TR></TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><U>(a) Initial Term.</U>&nbsp;The Company shall continue to employ
the Executive and the Executive shall continue in the employ of the Company, for the period set forth in this Section&nbsp;2, in the position set forth in Section&nbsp;3 and upon the other terms and conditions herein provided. The initial term of
employment under this Agreement (the &#147;Initial Term&#148;) shall be for the period beginning on the Effective Date of this Agreement and shall expire on the third anniversary thereof, unless earlier terminated as provided in Section&nbsp;5. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><U>(b) Extension.</U>&nbsp;The employment term hereunder shall be extended for successive one-year periods (&#147;Extension Terms&#148; and,
collectively with the Initial Term, the &#147;Term&#148;) upon the mutual agreement of the parties in writing. </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TD WIDTH="4%" VALIGN="top" ALIGN="left"><B>3.</B></TD>
<TD ALIGN="left" VALIGN="top"><B><U>Position and Duties.</U> </B></TD></TR></TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><U>(a) Generally.</U>&nbsp;The Executive shall serve as
the President (&#147;President&#148;) of the Company. Subject to reasonable modification from time to time by the Board or by the Chief Executive Officer, Executive shall report to the Chief Executive Officer and Executive shall be responsible for
such duties normally associated with such position. Executive shall supervise, control and have responsibility for the daily operating activities of certain radio stations owned by the Company, as designated by the Chief Executive Officer, including
without limitation supervision of station management, personnel matters, short- and long-term strategic decision making, station budgets, management of third party relationships, and disbursements. Executive will, on a full-time basis, apply all of
his skill and experience to </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">3 </P>


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the performance of his duties in such employment and will not, without the prior consent of the Board, devote substantial amounts of time to outside business activities. Notwithstanding the
foregoing, Executive may devote a reasonable amount of his time to civic, community, charitable or passive investment activities. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><U>(b)
Subsidiaries.</U>&nbsp;If elected or appointed thereto, and only for the duration of such elected term or appointment, the Executive shall serve as a director of the Company and any of its subsidiaries and/or in one or more executive offices of any
of such subsidiaries, provided that the Executive is indemnified for serving in any and all such capacities as provided for in the Company By-laws or otherwise. </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TD WIDTH="4%" VALIGN="top" ALIGN="left"><B>4.</B></TD>
<TD ALIGN="left" VALIGN="top"><B><U>Compensation and Related Matters.</U> </B></TD></TR></TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><U>(a) Annual Base Salary.</U>&nbsp;During
the first 12 months of the Initial Term, the Executive shall receive (i)&nbsp;a base salary (such base salary, as in effect from time to time, the &#147;Base Rate of Pay&#148;) at a rate of $550,000 per annum ; and (ii)&nbsp;an amount equal to the
amount payable by the Executive for coverage under the benefit plans referred to in Section&nbsp;4(d)(ii) (such amount the &#147;Gross Up Amount&#148;), provided that the Gross Up Amount is paid to the Executive no later than March&nbsp;15<SUP
STYLE="font-size:85%; vertical-align:top">th</SUP> of the year following the calendar year in which it is earned; and (iii)&nbsp;an additional amount equal to taxes payable by the Executive as a result of the receipt by the Executive of the Gross Up
Amount, provided that such additional amount is paid to the Executive no later than the end of the calendar year following the calendar year in which such taxes are paid by the Executive (the &#147;Tax Reimbursement&#148;) (such salary,
collectively, the &#147;Annual Base Salary&#148;). After the first 12 months of the Initial Term, the Executive&#146;s Annual Base Salary shall be (i)&nbsp;the Base Rate of Pay set forth above or a revised Base Rate of Pay determined by the Board of
its authorized committee with a view toward consideration of merit increases, market rates of pay for similarly situated executives and such other factors that the Board or its authorized committee determines to be appropriate, (ii)&nbsp;the Gross
Up Amount and (iii)&nbsp;the Tax Reimbursement. The Annual Base Salary shall be paid in arrears in substantially equal installments at monthly or more frequent intervals, in accordance with the normal payroll practices of the Company. The Annual
Base Salary shall be effective retroactively to the Effective Date and the amounts that the Executive would have received under this Agreement had it been entered into on the Effective Date that are in excess of amounts received by the Executive
since the Effective Date shall be paid to the Executive at the time of the first salary payment to the Executive after the date hereof. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">(<U>b) Bonus.</U>&nbsp;Executive shall be eligible to receive an annual performance bonus (the &#147;Annual Bonus&#148;) to be determined by
the Compensation Committee of the Board and based on criteria as set forth in the &#147;Performance Incentive Plan&#148; dated January&nbsp;1, 2012, or any successor Performance Incentive Plan approved by the Compensation Committee, such Annual
Bonus to be established by the Compensation Committee in its sole discretion. The Annual Bonus shall be paid in no event later than March&nbsp;15th of the calendar year following the calendar year in which such bonus is earned. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><U>(c) Restricted Stock Units Grant.</U> As soon as reasonably practicable following the date hereof, the Compensation Committee shall grant
Executive 75,000 Restricted Stock Units. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">4 </P>


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Provided that the Executive remains continuously employed by the Company from the date of grant through the applicable vesting date, one third of the Restricted Stock Units shall vest on the
first anniversary of the Effective Date, one third of the Restricted Stock Units shall vest on the second anniversary of the Effective Date and one third of the Restricted Stock Units shall vest on the third anniversary of the Effective Date. The
restricted stock units shall contain such other terms (consistent with the Company&#146;s customary form of restricted stock unit agreement and not inconsistent with this Agreement) as the Compensation Committee determines. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><U>(d) Benefits.</U> (i)&nbsp;The Executive shall be eligible to participate in the Beasley Broadcast Group Inc. 2007 Equity Incentive Award
Plan, as amended, and such other equity based or incentive compensation plans or programs as may be adopted by the Company from time to time (collectively, the &#147;Equity Plan&#148;) for its senior executives, at such level and in such amounts as
may be determined by the Compensation Committee in its sole discretion, subject to the terms and conditions of the Equity Plan and any applicable award agreements. (ii)&nbsp;The Executive shall be entitled to participate in the other employee
benefit plans, programs and arrangements of the Company in effect during the Term (including, without limitation, at the time of execution of this Agreement, health insurance, dental insurance, vision insurance, long-term disability coverage, short
term disability, cellular phone reimbursement, and vacation for Executive and his eligible dependents) now (or, to the extent determined by the Compensation Committee, hereafter) in effect which are applicable to the senior officers of the Company
(the &#147;Eligible Benefit Plans&#148;), subject to and on a basis consistent with the terms, conditions and overall administration thereof. The Executive agrees that nothing contained in this Agreement shall prevent the Company from terminating or
modifying any such Eligible Benefit Plans in whole or in part at any time. In addition, the Executive shall receive a monthly car allowance of $1,000. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><U>(e) Expenses.</U> The Company shall reimburse the Executive for all reasonable travel and other business expenses incurred by him in the
performance of his duties to the Company, in accordance with the Company&#146;s documentation and other policies with respect thereto. </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><B>5.</B></TD>
<TD ALIGN="left" VALIGN="top"><B><U>Termination. </U> </B></TD></TR></TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">The Executive&#146;s employment hereunder may be terminated by
the Company or the Executive, as applicable, without any breach of this Agreement only under the following circumstances: </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><U>(a)
Circumstances.</U> </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; margin-left:4%; text-indent:8%; font-size:10pt; font-family:Times New Roman">(i) <U>Death.</U>&nbsp;The Executive&#146;s employment hereunder shall terminate upon his death. In
the event of the death of the Executive during the Term of this Agreement, Company shall pay to Executive or Executive&#146;s widow, if surviving, otherwise to his estate or legal representative, the Executive&#146;s prorated Annual Base Salary and
all vested benefits referenced herein through the Date of Termination. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; margin-left:4%; text-indent:8%; font-size:10pt; font-family:Times New Roman">(ii) <U>Disability.</U>&nbsp;If the Company
determines in good faith that the Executive has incurred a Disability, the Company shall give the Executive a minimum of thirty (30)&nbsp;days&#146; written notice of its intention to terminate the Executive&#146;s employment after the 180&nbsp;day
period referenced in Section&nbsp;1(i) (the &#147;Disability Notice&#148;). In such event, </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">5 </P>


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 <P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:4%; font-size:10pt; font-family:Times New Roman">
the Executive&#146;s employment with the Company shall terminate effective on the 30th day after receipt of the Disability Notice, provided that within the 30&nbsp;days after such receipt, the
Executive either has not returned to full-time performance of his duties or requested a return to performance of his duties with a reasonable accommodation for his disability. The Executive shall receive the prorated Annual Base Salary and all
vested benefits referenced herein through the Date of Termination. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; margin-left:4%; text-indent:8%; font-size:10pt; font-family:Times New Roman">(iii) <U>Termination for Cause.</U>&nbsp;The Company
may terminate the Executive&#146;s employment hereunder for Cause. The Executive shall receive his prorated Annual Base Salary and all vested benefits referenced herein through the Date of Termination. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; margin-left:4%; text-indent:8%; font-size:10pt; font-family:Times New Roman">(iv) <U>Termination without Cause</U>. The Company may terminate the Executive&#146;s employment without Cause. The Executive
shall receive his prorated Annual Base Salary and all vested benefits referenced herein through the Date of Termination. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; margin-left:4%; text-indent:8%; font-size:10pt; font-family:Times New Roman">(v) <U>Resignation for Good Reason.</U>&nbsp;The Executive may terminate his employment for Good Reason. The Executive shall
receive his prorated Annual Base Salary and all vested benefits referenced herein through the Date of Termination. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; margin-left:4%; text-indent:8%; font-size:10pt; font-family:Times New Roman">(vi)
<U>Resignation without Good Reason.</U>&nbsp;The Executive may resign his employment without Good Reason upon 90 days written notice to the Company. The Executive shall receive his prorated Annual Base Salary and all vested benefits referenced
herein through the Date of Termination. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><U>(b) Notice of Termination.</U> Any termination of the Executive&#146;s employment by the
Company or by the Executive under this Section&nbsp;5 (other than termination pursuant to Section&nbsp;5(a)(i)) shall be communicated by a written notice to the other party hereto indicating the specific termination provision in this Agreement
relied upon, setting forth in reasonable detail the facts and circumstances claimed to provide a basis for termination of the Executive&#146;s employment under the provision so indicated, and specifying a Date of Termination (a &#147;Notice of
Termination&#148;) which, except in the case of termination for Cause or resignation for Good Reason, shall be at least fourteen days following the date of such notice or thirty days if termination is pursuant to Section&nbsp;5(a)(ii) and not more
than forty-five days, except that in the case of a resignation without Good Reason shall be at least ninety (90)&nbsp;days following the date of such notice. </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><B>6.</B></TD>
<TD ALIGN="left" VALIGN="top"><B><U>Severance Payments.</U> </B></TD></TR></TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><U>(a) Entitlement to Severance Payments.</U> Subject to
Section&nbsp;6(b), if the Executive&#146;s employment terminates due to Executive&#146;s death (pursuant to Section&nbsp;5(a)(i)), pursuant to a termination without Cause (pursuant to Section&nbsp;5(a)(iv)), due to Disability (pursuant to
Section&nbsp;5(a)(ii)) or resignation for Good Reason (pursuant to Section&nbsp;5(a)(v)), then provided that the Executive&#146;s termination of employment constitutes a &#147;separation from service&#148; as defined under Treas. Reg.
Section&nbsp;1.409A-1(h): </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="8%">&nbsp;</TD>
<TD WIDTH="5%" VALIGN="top" ALIGN="left">(i)</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">The Company shall pay/distribute the following severance payment (&#147;Severance Payment&#148;) to the
Executive, or in the event of Executive&#146;s </P></TD></TR></TABLE>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">6 </P>


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<TD WIDTH="13%">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">
death to Executive&#146;s widow, if surviving, otherwise to his estate or legal representative: (a)&nbsp;an amount equal to his then Annual Base Salary for the remainder of the Initial Term or
one year, whichever is greater (the &#147;Severance Period&#148;), payable over the Severance Period at the same time and in the same manner as such Annual Base Salary would have been paid if the Executive had remained in active employment until the
end of the Severance Period in accordance with the Company&#146;s normal payroll practices as in effect on the date of termination of the Executive&#146;s employment and (b)&nbsp;an amount equal to the highest Annual Bonus paid to Executive during
the preceding three (3)&nbsp;year period, or $550,000.00, whichever is greater, payable in a single installment within sixty (60)&nbsp;days of the Date of Termination. Notwithstanding the foregoing, if the Executive&#146;s employment termination
occurs (x)&nbsp;during any period when the Company is party to a binding agreement obligating the Company to enter into a transaction or series of transactions that, when consummated, will constitute a Change in Control or (y)&nbsp;on or within two
years following the date of a Change in Control, then the Severance Payment shall be the greater of the amount of the Severance Payment determined in accordance with the immediately preceding sentence or an amount equal to the sum of (A)&nbsp;two
(2)&nbsp;times the Base Rate of Pay as in effect immediately prior to the Date of Termination (disregarding any decrease in the Base Rate of Pay that provides a basis for Executive&#146;s resignation for Good Reason) and (B)&nbsp;two (2)&nbsp;times
the highest Annual Bonus paid to Executive during the preceding three (3)&nbsp;year period, which amount shall be paid in a single installment on the sixtieth (60th)&nbsp;day following the Date of Termination to the extent such payment does not
result in the imposition of an excise tax under Section&nbsp;409A of the Code and shall otherwise be paid as provided in this first sentence of this Section&nbsp;6(a)(i). </TD></TR></TABLE>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="8%">&nbsp;</TD>
<TD WIDTH="5%" VALIGN="top" ALIGN="left">(ii)</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">Executive shall be entitled to continue coverage under the Company&#146;s group health plan as required by
Section&nbsp;4980B of the Code (&#147;COBRA&#148;) and the Company&#146;s group life plan for the eighteen month period commencing on the Date of Termination. The Company shall pay Executive&#146;s (and his eligible dependents) premiums under COBRA
(except to the extent it results in a duplication of payments made to Executive under Section&nbsp;6(a)(i) of this Agreement) until the earlier of (A)&nbsp;eighteen months following the Date of Termination or (B)&nbsp;the date the Executive becomes
eligible for coverage under another group health plan (the &#147;COBRA Payment Period&#148;). Notwithstanding the foregoing, if at any time the Company determines that its payment of COBRA premiums on the Executive&#146;s behalf would result in a
violation of applicable law (including but not limited to the 2010 Patient Protection and Affordable Care Act, as amended by the 2010 Health Care and Education Reconciliation Act), then in lieu of paying COBRA premiums pursuant to this
Section&nbsp;6(a)(ii), the Company shall pay the Executive on the last day of each remaining month of the COBRA Payment Period, a fully taxable cash payment equal to the COBRA premium for such month, subject to
</P></TD></TR></TABLE>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">7 </P>


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<TD WIDTH="13%">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">
applicable tax withholding (such amount, the &#147;<U>Special Severance Payment</U>&#148;), such Special Severance Payment to be made without regard to the Executive&#146;s payment of COBRA
premiums. Nothing in this Agreement shall deprive the Executive of his rights under COBRA or ERISA for benefits under plans and policies arising under his employment by the Company. </TD></TR></TABLE>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TR style = "page-break-inside:avoid">
<TD WIDTH="8%">&nbsp;</TD>
<TD WIDTH="5%" VALIGN="top" ALIGN="left">(iii)</TD>
<TD ALIGN="left" VALIGN="top">Notwithstanding the terms or conditions of the Equity Plan or any stock option or other award agreement between the Company and the Executive, all granted and outstanding stock options and other stock-based awards,
including but not limited to the Restricted Stock Units, shall become fully vested and exercisable as of the Date of Termination, and, to the extent exercisable, shall remain exercisable until the earlier to occur of (A)&nbsp;the expiration of such
stock option or other award pursuant to its terms or (B)&nbsp;the expiration of 90 days following the Date of Termination. </TD></TR></TABLE>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><U>(b) Release.</U> Notwithstanding anything to the contrary in this Section&nbsp;6, the Executive shall not be entitled to any severance
payments or benefits under Section&nbsp;6, unless the Executive, or in the case of Executive&#146;s death, the Executive&#146;s widow, if surviving, otherwise his estate executor or legal representative (or, alternatively, whomever is entitled to
the severance payment set forth in Section&nbsp;6(a)(i)) , executes and does not revoke the release of claims in substantially the form attached hereto as Exhibit B (and such release becomes effective and irrevocable) within thirty (30)&nbsp;days
following the Date of Termination. Notwithstanding anything to the contrary in this Section&nbsp;6, the payments due under Section&nbsp;6(a)(i) shall be payable commencing on the Company&#146;s first payroll date occurring on or after the 30th day
following the Date of Termination (the &#147;First Payroll Date&#148;), and any amounts that would otherwise have been paid pursuant to such Section&nbsp;6(a)(i) prior to the First Payroll Date shall be paid in a lump-sum on the First Payroll Date.
To the extent that, in the event of Executive&#146;s death, Florida law does not allow the Executive&#146;s widow, if surviving, or his estate executor or legal representative (or, alternatively, whomever is entitled to the severance payment set
forth in Section&nbsp;6(a)(i)) to execute the release of claims, then the individual authorized under Florida law to release claims on behalf of a deceased individual, if any, shall execute the release of claims set forth above. If no person is
authorized under Florida law, then this provision shall be waived. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><U>(c) Survival.</U> The expiration or termination of the Term shall
not impair the rights or obligations of any party hereto which shall have accrued hereunder prior to such expiration. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><U>(d) Mitigation
of Damages.</U> In no event shall the Executive be obligated to seek other employment or take any other action by way of mitigation of the amount payable to the Executive under any of the provisions of this Agreement and such amounts shall not be
reduced (except as provided in Section&nbsp;6(a)(ii)) whether or not the Executive obtains other employment. Neither the Executive nor the Company shall be liable to the other party for any damages in addition to the amounts payable under
Section&nbsp;6 arising out of the termination of the Executive&#146;s employment prior to the end of the Term (except as provided in Section&nbsp;9). </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><B>7.</B></TD>
<TD ALIGN="left" VALIGN="top"><B><U>Restrictive Covenants.</U> </B></TD></TR></TABLE>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">8 </P>


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 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><U>(a) Non-Competition</U>.&nbsp;The Term of Non-Competition shall be defined as the term
beginning on the date hereof and continuing until the first anniversary of the Date of Termination; provided, however, that if the Executive&#146;s employment is terminated by the Company, other than for Cause, or terminated by Executive for Good
Reason as set forth in Section&nbsp;5(a)(v), the term of Non-Competition shall expire upon the earlier of the first anniversary of the Date of Termination or the date that the Executive waives his entitlement to any further payments under
Section&nbsp;6, or the Date of Termination if no payments are to be made under Section&nbsp;6. During the Term of Non-Competition, the Executive shall not, without the prior written consent of the Board, directly or indirectly engage in, or have any
equity interest in, or manage, be employed or engaged by or operate any person, firm, corporation, partnership or business (whether as director, officer, employee, agent, representative, partner, security holder, consultant or otherwise) that
engages in, any business which competes with any business of the Company or any entity owned by it that is within 75 miles of any transmission site on which the Company or any entity owned by it operates a radio station at the Date of Termination,
provided, however, that the Executive shall be permitted to acquire a stock interest in such a corporation provided such stock is publicly traded and the stock so acquired is not more than five percent (5%)&nbsp;of the outstanding shares of such
corporation. <B><U></U></B> </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><U>(b) Construction of this Section</U>.&nbsp;In the event the terms of this Section&nbsp;7 shall be
determined by any court of competent jurisdiction to be unenforceable by reason of its extending for too great a period of time or over too great a geographical area or by reason of its being too extensive in any other respect, it will be
interpreted to extend only over the maximum period of time for which it may be enforceable, and/or over the maximum geographical area as to which it may be enforceable and/or to the maximum extent in all other respects as to which it may be
enforceable, all as determined by such court in such action. </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><B>8.</B></TD>
<TD ALIGN="left" VALIGN="top"><B>Nondisclosure of Proprietary Information. </B></TD></TR></TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><U>(a) Confidentiality.</U> Except as
required in the faithful performance of the Executive&#146;s duties hereunder or pursuant to subsection&nbsp;(c), the Executive shall, in perpetuity, maintain in confidence and shall not directly, indirectly or otherwise, use, disseminate, disclose
or publish, or use for his benefit or the benefit of any person, firm, corporation or other entity any confidential or proprietary information or trade secrets of or relating to the Company, including, without limitation, information with respect to
the Company&#146;s operations, processes, products, inventions, business practices, finances, principals, vendors, suppliers, customers, potential customers, marketing methods, costs, prices, contractual relationships, regulatory status,
compensation paid to employees or other terms of employment, or deliver to any person, firm, corporation or other entity any document, record, notebook, computer program or similar repository of or containing any such confidential or proprietary
information or trade secrets. The parties hereby stipulate and agree that as between them the foregoing matters are important, material and confidential proprietary information and trade secrets and affect the successful conduct of the businesses of
the Company (and any successor or assignee of the Company). </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><U>(b) Return of Materials.</U> Upon termination of the Executive&#146;s
employment with Company for any reason and upon the Company&#146;s request, the Executive will promptly deliver to the Company all correspondence, drawings, manuals, letters, notes, notebooks, reports, programs, plans, proposals, financial
documents, or any other documents concerning the Company&#146;s customers, business plans, marketing strategies, products or processes and/or which contain proprietary information or trade secrets. Executive shall keep his cellular phone and phone
number. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">9 </P>


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 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><U>(c) Response to Legal Process.</U> The Executive may respond to a lawful and valid subpoena or
other legal process but shall give the Company the earliest possible notice thereof, and shall, as much in advance of the return date as possible, make available to the Company and its counsel the documents and other information sought and shall
assist such counsel in resisting or otherwise responding to such process. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><U>(d) Certain Exclusions.</U> Notwithstanding anything in this
Agreement to the contrary, nothing in this Agreement shall prohibit the Executive from reporting possible violations of Federal law or regulation to any United States governmental agency or entity in accordance with the provisions of and rules
promulgated under Section&nbsp;21F of the Securities Exchange Act of 1934 or Section&nbsp;806 of the Sarbanes-Oxley Act of 2002, or any other whistleblower protection provisions of State or Federal law or regulation (including the right to receive
an award for information provided to any such government agencies). Furthermore, in accordance with 18&nbsp;U.S.C. &#167;&nbsp;1833, the Company hereby notifies the Executive that, notwithstanding anything to the contrary herein: (a)&nbsp;the
Executive shall not be in breach of this Agreement, and shall not be held criminally or civilly liable under any Federal or State trade secret law (i)&nbsp;for the disclosure of a trade secret that is made in confidence to a Federal, State, or local
government official or to an attorney solely for the purpose of reporting or investigating a suspected violation of law, or (ii)&nbsp;for the disclosure of a trade secret that is made in a complaint or other document filed in a lawsuit or other
proceeding, if such filing is made under seal; and (b)&nbsp;if the Executive files a lawsuit for retaliation by Company for reporting a suspected violation of law, the Executive may disclose the trade secret to the Executive&#146;s attorney, and may
use the trade secret information in the court proceeding, if the Executive files any document containing the trade secret under seal, and does not disclose the trade secret, except pursuant to court order. </P>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><B>9.</B></TD>
<TD ALIGN="left" VALIGN="top"><B><U>Injunctive Relief.</U> </B></TD></TR></TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">It is recognized and acknowledged by the Executive that a
breach of the covenants contained in Sections 7 and 8 will cause irreparable damage to Company and its goodwill, the exact amount of which will be difficult or impossible to ascertain, and that the remedies at law for any such breach will be
inadequate. Accordingly, the Executive agrees that in the event of a breach of any of the covenants contained in Sections 7 and 8, in addition to any other remedy which may be available at law or in equity, the Company will be entitled to seek
specific performance and injunctive relief. </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><B>10.</B></TD>
<TD ALIGN="left" VALIGN="top"><B><U>Binding on Successors.</U> </B></TD></TR></TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">This Agreement shall be binding upon and inure to the
benefit of the Company, the Executive and their respective successors, assigns, personnel and legal representatives, executors, administrators, heirs, distributees, devisees, and legatees, as applicable. The Company may assign its rights and
obligations under this Agreement to any successor to all or substantially all of the business or the assets of the Company. The Executive may not assign the Executive&#146;s rights or obligations under this Agreement other than the Executive&#146;s
rights to payments hereunder, which may only be assigned by will or the operation of the laws of descent and distribution. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">10 </P>


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<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><B>11.</B></TD>
<TD ALIGN="left" VALIGN="top"><B><U>Governing Law.</U> </B></TD></TR></TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">This Agreement shall be governed, construed, interpreted and
enforced in accordance with the substantive laws of the State of Florida, without reference to the principles of conflicts of law of the State of Florida or any other jurisdiction, and where applicable, the laws of the United States. Executive
agrees that any claim arising out of or relating to this Agreement shall be brought exclusively in the state or federal courts of competent jurisdiction for Collier County, Florida. Executive consents to the personal jurisdiction of such courts and
thereby waives: (a)&nbsp;any objection to jurisdiction or venue; or (b)&nbsp;any defense claiming lack of jurisdiction or improper venue, in any action brought in such courts. Executive further acknowledges that Employee is executing this Agreement
in the State of Florida. </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><B>12.</B></TD>
<TD ALIGN="left" VALIGN="top"><B><U>Validity.</U> </B></TD></TR></TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">The invalidity or unenforceability of any provision or provisions of
this Agreement shall not affect the validity or enforceability of any other provision of this Agreement, which shall remain in full force and effect. </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><B>13.</B></TD>
<TD ALIGN="left" VALIGN="top"><B><U>Notices.</U> </B></TD></TR></TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">Any notice, request, claim, demand, document and other communication
hereunder to any party shall be effective upon receipt (or refusal of receipt) and shall be in writing and delivered personally or sent by overnight courier service or certified or registered mail, postage prepaid, as follows: </P>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="92%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" ALIGN="center">


<TR>
<TD WIDTH="12%"></TD>
<TD VALIGN="bottom" WIDTH="3%"></TD>
<TD WIDTH="85%"></TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Beasley Broadcast Group, Inc.</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">3033 Riviera
Drive, Suite 200</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Naples, Florida 34103</P> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:10pt; font-family:Times New Roman">Attn: Chief Executive
Officer</P></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" NOWRAP>With&nbsp;a&nbsp;copy&nbsp;to:</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Beasley Broadcast Group, Inc.</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">3033 Riviera
Drive, Suite 200</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Naples, Florida 34103</P> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:10pt; font-family:Times New Roman">Attn: General
Counsel</P></TD></TR>
</TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">If to the Executive, to his at the address set forth below under his signature; or at any other address as any
party shall have specified by notice in writing to the other parties. </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><B>14.</B></TD>
<TD ALIGN="left" VALIGN="top"><B><U>Counterparts.</U> </B></TD></TR></TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">This Agreement may be executed in several counterparts, each of
which shall be deemed to be an original, but all of which together will constitute one and the same Agreement. </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><B>15.</B></TD>
<TD ALIGN="left" VALIGN="top"><B><U>Entire Agreement.</U> </B></TD></TR></TABLE>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">11 </P>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">

 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">The terms of this Agreement are intended by the parties to be the final expression of their
agreement with respect to the employment of the Executive by the Company and may not be contradicted by evidence of any prior or contemporaneous agreement. The parties further intend that this Agreement shall constitute the complete and exclusive
statement of its terms and that no extrinsic evidence whatsoever may be introduced in any judicial, administrative, or other legal proceeding to vary the terms of this Agreement. The parties agree that the Prior Employment Agreement is hereby
terminated, and this Agreement replaces and supersedes the Prior Employment Agreement in its entirety. </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><B>16.</B></TD>
<TD ALIGN="left" VALIGN="top"><B><U>Amendments; Waivers.</U> </B></TD></TR></TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">This Agreement may not be modified, amended, or terminated
except by an instrument in writing, signed by the Executive and the Chief Operating Officer. By an instrument in writing similarly executed, the Executive or the Company may waive compliance by the other party or parties with any provision of this
Agreement that such other party was or is obligated to comply with or perform, provided, however, that such waiver shall not operate as a waiver of, or estoppel with respect to, any other or subsequent failure. No failure to exercise and no delay in
exercising any right, remedy, or power hereunder preclude any other or further exercise of any other right, remedy, or power provided herein or by law or in equity. </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><B>17.</B></TD>
<TD ALIGN="left" VALIGN="top"><B><U>No Inconsistent Actions.</U> </B></TD></TR></TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">The parties hereto shall not voluntarily undertake or
fail to undertake any action or course of action inconsistent with the provisions or essential intent of this Agreement. Furthermore, it is the intent of the parties hereto to act in a fair and reasonable manner with respect to the interpretation
and application of the provisions of this Agreement. </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><B>18.</B></TD>
<TD ALIGN="left" VALIGN="top"><B><U>Arbitration.</U> </B></TD></TR></TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">Any dispute or controversy arising under or in connection with
this Agreement shall be settled exclusively by arbitration, conducted before a panel of three arbitrators in Collier County, Florida in accordance with the rules of the American Arbitration Association then in effect. Judgment may be entered on the
arbitrator&#146;s award in any court having jurisdiction; provided, however, that the Company shall be entitled to seek a restraining order or injunction in any court of competent jurisdiction to prevent any continuation of any violation of the
provisions of Sections 7 or 8 of this Agreement and the Executive hereby consents that such restraining order or injunction may be granted without the necessity of the Company&#146;s posting any bond. The fees and expense of the arbitrator shall be
borne by the Company. The prevailing party in any action or arbitration proceeding hereunder shall be entitled to recover its reasonable attorney&#146;s fees and costs from the other party. </P>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><B>19.</B></TD>
<TD ALIGN="left" VALIGN="top"><B><U>Claw-back</U></B><U>. <B></B></U><B> </B></TD></TR></TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">All compensation received by Executive shall
be subject to the provisions of any claw-back policy implemented by the Company to comply with applicable law, regulation or stock exchange rule, including, without limitation, any claw-back policy adopted to comply with the requirements of the
Dodd-Frank Wall Street Reform and Consumer Protection Act and any rules or regulations promulgated thereunder. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">12 </P>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">


<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><B>20.</B></TD>
<TD ALIGN="left" VALIGN="top"><B><U>Section&nbsp;409A.</U> </B></TD></TR></TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">Notwithstanding anything to the contrary in this Agreement,
if at the time of the Executive&#146;s separation from service with the Company, the Executive is a &#147;specified employee&#148; as defined in Section&nbsp;409A of the Internal Revenue Code of 1986, as amended (the &#147;Code&#148;), as determined
by the Company in accordance with Section&nbsp;409A of the Code, and the deferral of the commencement of any payments or benefits otherwise payable hereunder as a result of such separation from service is necessary in order to prevent any
accelerated or additional tax under Section&nbsp;409A of the Code, then the Company will defer the commencement of the payment of any such payments or benefits hereunder (without any reduction in the payments or benefits ultimately paid or provided
to the Executive) until the date that is at least six (6)&nbsp;months following the Executive&#146;s separation from service with the Company (or the earliest date permitted under Section&nbsp;409A of the Code), whereupon the Company will pay the
Executive a lump-sum amount equal to the cumulative amounts that would have otherwise been previously paid to the Executive under this Agreement during the period in which such payments or benefits were deferred. Thereafter, payments will resume in
accordance with this Agreement. For purposes of Section&nbsp;409A of the Code, the Executive&#146;s right to receive any installment payments under this Agreement, including each payment made after a &#147;separation from service,&#148; will be
considered as a right to receive a series of separate payments. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">This Agreement is intended to be written, administered, interpreted and
construed in a manner such that no payment or benefits provided under the Agreement become subject to (a)&nbsp;the gross income inclusion set forth within Code Section&nbsp;409A(a)(1)(A) or (b)&nbsp;the interest and additional tax set forth within
Code Section&nbsp;409A(a)(1)(B) (together, referred to herein as the &#147;Section&nbsp;409A Penalties&#148;), including, where appropriate, the construction of defined terms to have meanings that would not cause the imposition of Section&nbsp;409A
Penalties. In no event shall the Company be required to provide a tax gross-up payment to Executive with respect to Section&nbsp;409A Penalties. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">Notwithstanding anything to the contrary in this Agreement, in-kind benefits and reimbursements provided under this Agreement during any
calendar year shall not affect in-kind benefits or reimbursements to be provided in any other calendar year, other than an arrangement providing for the reimbursement of medical expenses referred to in Section&nbsp;105(b) of the Code, and are not
subject to liquidation or exchange for another benefit. Notwithstanding anything to the contrary in this Agreement, reimbursement requests must be timely submitted by the Executive and, if timely submitted, reimbursement payments shall be promptly
made to the Executive following such submission, but in no event later than December&nbsp;31st of the calendar year following the calendar year in which the expense was incurred. In no event shall the Executive be entitled to any reimbursement
payments after December&nbsp;31st of the calendar year following the calendar year in which the expense was incurred. This paragraph shall only apply to in-kind benefits and reimbursements that would result in taxable compensation income to the
Executive. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">Additionally, in the event that following the date hereof the Company or the Executive reasonably determines that any
compensation or benefits payable under this Agreement may be subject to Section&nbsp;409A of the Code, the Company and the Executive shall work together to adopt such amendments to this Agreement or adopt other policies or procedures
</P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">13 </P>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">
(including amendments, policies and procedures with retroactive effect), or take any other commercially reasonable actions necessary or appropriate to (x)&nbsp;exempt the compensation and
benefits payable under this Agreement from Section&nbsp;409A of the Code and/or preserve the intended tax treatment of the compensation and benefits provided with respect to this Agreement or (y)&nbsp;comply with the requirements of
Section&nbsp;409A of the Code and related Department of Treasury guidance. </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><B>21.</B></TD>
<TD ALIGN="left" VALIGN="top"><B><U>Indemnification.</U> </B></TD></TR></TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">Company hereby indemnifies, holds harmless and agrees to
defend Executive from and against any and all losses, claims, demands, damages, costs, expenses and liabilities including without limitation, reasonable attorneys&#146; fees and disbursements incurred in connection therewith&nbsp;as set forth in the
By-laws of the Company. </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><B>22.</B></TD>
<TD ALIGN="left" VALIGN="top"><B><U>Survival.</U> </B></TD></TR></TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">The obligations, covenants, rights and remedies of the Parties under
Sections 6 through 11, 13 and 18 through 22 shall expressly extend beyond and survive termination of this Agreement. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">[<I>Signature Page
Follows</I>] </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">14 </P>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">

 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">IN WITNESS WHEREOF, the parties have executed this Agreement on the date and year first above
written. </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P><DIV ALIGN="right">
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="40%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt">


<TR>
<TD WIDTH="12%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="87%"></TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" COLSPAN="3">Beasley Broadcast Group, Inc.</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">By:</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000">&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #000000">/s/ Caroline Beasley</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">Name:</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">Caroline Beasley</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">Title:</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">Chief Executive Officer</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16" COLSPAN="3"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" COLSPAN="3">THE EXECUTIVE</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16" COLSPAN="3"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" COLSPAN="3" STYLE="BORDER-BOTTOM:1px solid #000000">/s/ Bruce G. Beasley</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">Name:</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">Bruce G. Beasley</TD></TR>
</TABLE></DIV>

<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><U>Exhibit A </U></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>General Release and Waiver </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">For and in consideration of the payments and other benefits due to Bruce G. Beasley (the &#147;<U>Executive</U>&#148;) pursuant to
Section&nbsp;6 of the Executive Employment Agreement, dated as of [&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;] __, 2017 (the &#147;<U>Employment Agreement</U>&#148;), by and between Beasley Broadcast Group, Inc. (the
&#147;<U>Company</U>&#148;) and the Executive, and for other good and valuable consideration, the Executive hereby, for the Executive, the Executive&#146;s spouse and child or children (if any), the Executive&#146;s heirs, beneficiaries, devisees,
executors, administrators, attorneys, personal representatives, successors and assigns, forever releases and discharges the Company, and any of its divisions, affiliates, subsidiaries, parents, branches, predecessors, successors, assigns, and, with
respect to such entities, their officers, directors, trustees, employees, agents, shareholders, administrators, general or limited partners, representatives, attorneys, insurers and fiduciaries, past, present and future (the &#147;<U>Released
Parties</U>&#148;) from, and covenants not to sue for, any and all claims of any kind arising out of, or related to, Executive&#146;s employment with the Company, its affiliates and subsidiaries (collectively, with the Company, the
&#147;<U>Affiliated Entities</U>&#148;) or the Executive&#146;s separation from employment with the Affiliated Entities, which the Executive now has or may have against the Released Parties, whether known or unknown to the Executive, by reason of
facts which have occurred on or prior to the date that the Executive has signed this Release. Such released claims include, without limitation, any and all claims relating to the foregoing under federal, state or local laws pertaining to employment,
including, without limitation, Florida Civil Rights Act, Fla. Stat. Sec. 760.01 et seq, the Age Discrimination in Employment Act, Title&nbsp;VII of the Civil Rights Act of 1964, as amended, 42&nbsp;U.S.C. Section&nbsp;2000e <I>et</I>. <I>seq</I>.,
the Fair Labor Standards Act, as amended, 29&nbsp;U.S.C. Section&nbsp;201 <I>et</I>. <I>seq</I>., the Americans with Disabilities Act, as amended, 42 U.S.C. Section&nbsp;12101 <I>et</I>. <I>seq</I>. the Reconstruction Era Civil Rights Act, as
amended, 42&nbsp;U.S.C. Section&nbsp;1981 <I>et</I>. <I>seq</I>., the Rehabilitation Act of 1973 , as amended, 29&nbsp;U.S.C. Section&nbsp;701 <I>et</I>. <I>seq</I>., the Family and Medical Leave Act of 1992, 29 U.S.C. Section&nbsp;2601 <I>et</I>.
<I>seq</I>., and any and all state or local laws regarding employment discrimination and/or federal, state or local laws of any type or description regarding employment, including but not limited to any claims arising from or derivative of the
Executive&#146;s employment with the Affiliated Entities, as well as any and all such claims under state contract or tort law. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">The
Executive has read this Release carefully, acknowledges that the Executive has been given at least twenty-one (21)&nbsp;days to consider all of its terms and has been advised to consult with an attorney and any other advisors of the Executive&#146;s
choice prior to executing this Release, and the Executive fully understands that by signing below the Executive is voluntarily giving up any right which the Executive may have to sue or bring any other claims against the Released Parties, including
any rights and claims under the Age Discrimination in Employment Act. The Executive understands and acknowledges that the consideration given for this Release is in addition to anything of value to which the Executive was already entitled. The
Executive also understands that the Executive has a period of seven (7)&nbsp;days after signing this Release within which to revoke Executive&#146;s agreement, and that neither the Company nor any other person is obligated to make any payments or
provide any other benefits to the Executive pursuant to the Employment Agreement until the eighth (8th)&nbsp;day after the Executive&#146;s signing of this Release </P>

<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">
without the Executive&#146;s signature having been revoked other than any accrued obligations or other benefits payable pursuant to the terms of the Company&#146;s normal payroll practices or
employee benefit plans. Finally, the Executive has not been forced or pressured in any manner whatsoever to sign this Release, and the Executive agrees to all of its terms voluntarily. The Executive is advised that nothing in this Release prevents
or precludes the Executive from challenging or seeking a determination in good faith of the validity of this waiver under the Age Discrimination in Employment Act, nor does it impose any condition precedent, penalties, or costs for doing so, unless
specifically authorized by Federal law. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Notwithstanding anything else herein to the contrary, this Release shall not affect: (i)&nbsp;the
Company&#146;s obligations under <U>Section&nbsp;6</U> of the Employment Agreement or under any compensation or employee benefit plan, program or arrangement (including, without limitation, obligations to the Executive under any stock option, stock
award or agreements or obligations under any pension, deferred compensation or retention plan) provided by the Affiliated Entities where the Executive&#146;s compensation or benefits are intended to continue or the Executive is to be provided with
compensation or benefits, in accordance with the express written terms of such plan, program or arrangement, beyond the date of the Executive&#146;s termination; (ii)&nbsp;rights to indemnification, contribution or liability insurance coverage the
Executive may have under the by-laws of the Company or applicable law. Furthermore, this Release does not release claims that cannot be released as a matter of law, and nothing in this Release prohibits the Executive from reporting possible
violations of Federal law or regulation to any United States governmental agency or entity in accordance with the provisions of and rules promulgated under Section&nbsp;21F of the Securities Exchange Act of 1934 or Section&nbsp;806 of the
Sarbanes-Oxley Act of 2002, or any other whistleblower protection provisions of State or Federal law or regulation (including the right to receive an award for information provided to any such government agencies). </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><U>Sections&nbsp;11</U>, <U>13</U> and <U>18</U> of the Employment Agreement shall also apply to this Release. This Release is final and
binding and may not be changed or modified except in a writing signed by both parties. In the event that any provision or any portion of any provision hereof becomes or is declared by a court of competent jurisdiction or arbitrator to be illegal,
unenforceable, or void, this Release shall continue in full force and effect without said provision or portion of provision. </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TD VALIGN="top">BRUCE G. BEASLEY</TD></TR>
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<TYPE>EX-10.4
<SEQUENCE>5
<FILENAME>d408405dex104.htm
<DESCRIPTION>EXECUTIVE EMPLOYMENT AGREEMENT - BRIAN E. BEASLEY
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<TITLE>Executive employment agreement - Brian E. Beasley</TITLE>
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 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="right"><B>Exhibit 10.4 </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B><U>EXECUTIVE EMPLOYMENT AGREEMENT </U></B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">THIS EXECUTIVE EMPLOYMENT AGREEMENT (&#147;Agreement&#148;) dated as of June&nbsp;8, 2017, is made by and between Beasley Broadcast Group,
Inc., a Delaware limited liability company (together with any successor thereto, the &#147;Company&#148;) and Brian E. Beasley (the &#147;Executive&#148;). </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">WHEREAS, the Company and the Executive have entered into an Executive Employment Agreement, dated May&nbsp;13, 2005 (as amended, the
&#147;Prior Employment Agreement&#148;) and the Executive has been and is now employed by the Company; </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">WHEREAS, the Company desires to
continue to assure itself of the services of the Executive and to continue to employ the Executive, and the Executive desires to continue to commit herself to serve the Company and to continue to be employed by the Company, on the terms herein
provided; and </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">WHEREAS, the Company and the Executive desire to terminate the Prior Employment Agreement and replace and supersede the
Prior Employment Agreement in its entirety with this Agreement; </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">NOW, THEREFORE, in consideration of the foregoing and of the respective
covenants and agreements set forth below the parties hereto agree as follows: </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TD WIDTH="4%" VALIGN="top" ALIGN="left"><B>1.</B></TD>
<TD ALIGN="left" VALIGN="top"><B><U>Certain Definitions.</U> </B></TD></TR></TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">(a) &#147;<U>Annual Base Salary</U>&#148; shall have the
meaning set forth in Section&nbsp;4. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">(b) &#147;<U>Board</U>&#148; shall mean the Board of Directors of the Company. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">(c) &#147;<U>Cause</U>&#148; for the Company to terminate the Executive&#146;s employment hereunder shall exist upon the Executive&#146;s:
</P> <P STYLE="margin-top:12pt; margin-bottom:0pt; margin-left:4%; text-indent:8%; font-size:10pt; font-family:Times New Roman">(i), fraud, theft, embezzlement, proven gross negligence in connection with Executive performing his duties and
responsibilities hereunder. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; margin-left:4%; text-indent:8%; font-size:10pt; font-family:Times New Roman">(ii) conviction of a felony or a crime involving moral turpitude; or </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; margin-left:4%; text-indent:8%; font-size:10pt; font-family:Times New Roman">(iii) breach of any material provision of this Agreement, including without limitation, Section&nbsp;7 and Section&nbsp;8,
after notice given to Executive within ninety (90)&nbsp;days of Company first having direct knowledge of the occurrence of such material breach by Executive, and, to the extent curable, thirty (30)&nbsp;days opportunity for cure. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">(d) &#147;<U>Change in Control</U>&#148; shall mean any transaction or series of related transactions the consummation of which results in
Executive (or Executive&#146;s Immediate Family) holding or having a beneficial interest in shares of the Company&#146;s capital stock having less than fifty percent (50%)&nbsp;of the voting power of the Company&#146;s outstanding capital stock;
provided that any such transaction is a bona fide transaction between the Company and a third party (or parties) unrelated to the Executive, as determined by the Board in good faith. For purposes of this Agreement, &#147;Immediate Family&#148; shall
mean any person, trust, or estate who qualifies as a &#147;Permitted Class&nbsp;B Transferee&#148; as set forth in the Company&#146;s Articles of Incorporation. </P>

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 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">(e) &#147;<U>Company</U>&#148; shall have the meaning set forth in the preamble hereto. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">(f) &#147;<U>Compensation Committee</U>&#148; means the compensation committee of the Board. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">(g) &#147;<U>Contract Year</U>&#148; shall mean each twelve month period beginning on the Effective Date or an annual anniversary thereof.
</P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">(h) &#147;<U>Date of Termination</U>&#148; shall mean if the Executive&#146;s employment is terminated (i)&nbsp;due to his death, the
date of death as set forth in Section&nbsp;5(a)(i); (ii)&nbsp;due to his Disability as set forth in Section&nbsp;5(a)(ii), 30 days after receipt of the written notice as set forth in Section&nbsp;5(b), (iii)&nbsp;pursuant to Section&nbsp;5(a)(iii),
or Section&nbsp;5(a)(iv), the date of termination set forth in the written notice as set forth in Section&nbsp;5(b), subject to the notice and cure provision set forth in Section&nbsp;1(c)(iii), if applicable, (iv)&nbsp;pursuant to
Section&nbsp;5(a)(v), the date of termination set forth in the written notice as set forth in Section&nbsp;5(b), subject to the applicable notice and cure period set forth in Section&nbsp;1(l) and (v)&nbsp;pursuant to Section&nbsp;5(a)(vi), 90 days
after receipt of the written notice set forth in Section&nbsp;5(b). </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">(i) &#147;<U>Disability</U>&#148; shall mean the absence of the
Executive from the Executive&#146;s duties to the Company on a full-time basis for a period of 180 consecutive days as a result of incapacity due to mental or physical illness. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">(j) &#147;<U>Effective Date</U>&#148; of this Agreement shall mean January&nbsp;1, 2017. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">(k) &#147;<U>Executive</U>&#148; shall have the meaning set forth in the preamble hereto. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">(l) &#147;<U>Good Reason</U>&#148; shall mean the occurrence of any of the following events without the prior written consent of the
Executive, provided that the Executive provides written notice to the Company of the occurrence of such event within ninety (90)&nbsp;days after Executive first has direct knowledge of the event, which written notice shall include a description of
the existence of the condition underlying such event, and the Company does not remedy such event within thirty (30)&nbsp;days of receipt of such written notice from the Executive: </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; margin-left:4%; text-indent:8%; font-size:10pt; font-family:Times New Roman">(i) Company fails to make payment or provide benefit(s) to the Executive hereunder; </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; margin-left:4%; text-indent:8%; font-size:10pt; font-family:Times New Roman">(ii) a material diminution in the Executive&#146;s Annual Base Salary; </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; margin-left:4%; text-indent:8%; font-size:10pt; font-family:Times New Roman">(iii) a material diminution in the Executive&#146;s authority, duties or responsibilities; </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; margin-left:4%; text-indent:8%; font-size:10pt; font-family:Times New Roman">(iv) a material diminution in the budget over which the Executive retains authority; </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">2 </P>


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 <P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:4%; text-indent:8%; font-size:10pt; font-family:Times New Roman">(v) a material change in the geographic location at which the Executive must
perform services under this Agreement; or </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; margin-left:4%; text-indent:8%; font-size:10pt; font-family:Times New Roman">(vi) any other action or inaction that constitutes a material breach by the
Company of this Agreement. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; margin-left:4%; text-indent:8%; font-size:10pt; font-family:Times New Roman">(vii) a Change of Control. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">(m) &#147;<U>Notice of Termination</U>&#148; shall have the meaning set forth in Section&nbsp;5(b). </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">(n) &#147;<U>Restricted Stock Unit</U>&#148; shall have the meaning set forth in the Beasley Broadcast Group Inc. 2007 Equity Incentive Award
Plan. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">(o) &#147;<U>Term</U>&#148; shall have the meaning set forth in Section&nbsp;2(b). </P>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TD WIDTH="4%" VALIGN="top" ALIGN="left"><B>2.</B></TD>
<TD ALIGN="left" VALIGN="top"><B><U>Employment.</U> </B></TD></TR></TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><U>(a) Initial Term.</U>&nbsp;The Company shall continue to employ
the Executive and the Executive shall continue in the employ of the Company, for the period set forth in this Section&nbsp;2, in the position set forth in Section&nbsp;3 and upon the other terms and conditions herein provided. The initial term of
employment under this Agreement (the &#147;Initial Term&#148;) shall be for the period beginning on the Effective Date of this Agreement and shall expire on the third anniversary thereof, unless earlier terminated as provided in Section&nbsp;5. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><U>(b) Extension.</U>&nbsp;The employment term hereunder shall be extended for successive one-year periods (&#147;Extension Terms&#148; and,
collectively with the Initial Term, the &#147;Term&#148;) upon the mutual agreement of the parties in writing. </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TD WIDTH="4%" VALIGN="top" ALIGN="left"><B>3.</B></TD>
<TD ALIGN="left" VALIGN="top"><B><U>Position and Duties.</U> </B></TD></TR></TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><U>(a) Generally.</U>&nbsp;The Executive shall serve as
the Chief Operating Officer (&#147;COO&#148;) of the Company. Subject to reasonable modification from time to time by the Board or by the Chief Executive Officer, Executive shall report to the Chief Executive Officer and Executive shall be
responsible for such duties normally associated with such position. Executive shall supervise, control and have responsibility for the daily operating activities of certain radio stations owned by the Company, as designated by the Chief Executive
Officer, including without limitation supervision of station management, personnel matters, short- and long-term strategic decision making, station budgets, management of third party relationships, and disbursements. Executive will, on a full-time
basis, apply all of his skill and experience to the performance of his duties in such employment and will not, without the prior consent of the Board, devote substantial amounts of time to outside business activities. Notwithstanding the foregoing,
Executive may devote a reasonable amount of his time to civic, community, charitable or passive investment activities. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><U>(b)
Subsidiaries.</U>&nbsp;If elected or appointed thereto, and only for the duration of such elected term or appointment, the Executive shall serve as a director of the Company and any of its subsidiaries and/or in one or more executive offices of any
of such subsidiaries, provided that the Executive is indemnified for serving in any and all such capacities as provided for in the Company By-laws or otherwise. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">3 </P>


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<TD WIDTH="4%" VALIGN="top" ALIGN="left"><B>4.</B></TD>
<TD ALIGN="left" VALIGN="top"><B><U>Compensation and Related Matters.</U> </B></TD></TR></TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><U>(a) Annual Base Salary.</U>&nbsp;During
the first 12 months of the Initial Term, the Executive shall receive (i)&nbsp;a base salary (such base salary, as in effect from time to time, the &#147;Base Rate of Pay&#148;) at a rate of $550,000 per annum ; and (ii)&nbsp;an amount equal to the
amount payable by the Executive for coverage under the benefit plans referred to in Section&nbsp;4(d)(ii) (such amount the &#147;Gross Up Amount&#148;), provided that the Gross Up Amount is paid to the Executive no later than March&nbsp;15<SUP
STYLE="font-size:85%; vertical-align:top">th</SUP> of the year following the calendar year in which it is earned; and (iii)&nbsp;an additional amount equal to taxes payable by the Executive as a result of the receipt by the Executive of the Gross Up
Amount, provided that such additional amount is paid to the Executive no later than the end of the calendar year following the calendar year in which such taxes are paid by the Executive (the &#147;Tax Reimbursement&#148;) (such salary,
collectively, the &#147;Annual Base Salary&#148;). After the first 12&nbsp;months of the Initial Term, the Executive&#146;s Annual Base Salary shall be (i)&nbsp;the Base Rate of Pay set forth above or a revised Base Rate of Pay determined by the
Board of its authorized committee with a view toward consideration of merit increases, market rates of pay for similarly situated executives and such other factors that the Board or its authorized committee determines to be appropriate,
(ii)&nbsp;the Gross Up Amount and (iii)&nbsp;the Tax Reimbursement. The Annual Base Salary shall be paid in arrears in substantially equal installments at monthly or more frequent intervals, in accordance with the normal payroll practices of the
Company. The Annual Base Salary shall be effective retroactively to the Effective Date and the amounts that the Executive would have received under this Agreement had it been entered into on the Effective Date that are in excess of amounts received
by the Executive since the Effective Date shall be paid to the Executive at the time of the first salary payment to the Executive after the date hereof. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">(<U>b) Bonus.</U>&nbsp;Executive shall be eligible to receive an annual performance bonus (the &#147;Annual Bonus&#148;) to be determined by
the Compensation Committee of the Board and based on criteria as set forth in the &#147;Performance Incentive Plan&#148; dated January&nbsp;1, 2012, or any successor Performance Incentive Plan approved by the Compensation Committee, such Annual
Bonus to be established by the Compensation Committee in its sole discretion. The Annual Bonus shall be paid in no event later than March&nbsp;15th of the calendar year following the calendar year in which such bonus is earned. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><U>(c) Restricted Stock Units Grant.</U> As soon as reasonably practicable following the date hereof, the Compensation Committee shall grant
Executive 75,000 Restricted Stock Units. Provided that the Executive remains continuously employed by the Company from the date of grant through the applicable vesting date, one third of the Restricted Stock Units shall vest on the first anniversary
of the Effective Date, one third of the Restricted Stock Units shall vest on the second anniversary of the Effective Date and one third of the Restricted Stock Units shall vest on the third anniversary of the Effective Date. The restricted stock
units shall contain such other terms (consistent with the Company&#146;s customary form of restricted stock unit agreement and not inconsistent with this Agreement) as the Compensation Committee determines. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><U>(d) Benefits.</U> (i)&nbsp;The Executive shall be eligible to participate in the Beasley Broadcast Group Inc. 2007 Equity Incentive Award
Plan, as amended, and such other equity based or </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">4 </P>


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incentive compensation plans or programs as may be adopted by the Company from time to time (collectively, the &#147;Equity Plan&#148;) for its senior executives, at such level and in such
amounts as may be determined by the Compensation Committee in its sole discretion, subject to the terms and conditions of the Equity Plan and any applicable award agreements. (ii)&nbsp;The Executive shall be entitled to participate in the other
employee benefit plans, programs and arrangements of the Company in effect during the Term (including, without limitation, at the time of execution of this Agreement, health insurance, dental insurance, vision insurance, long-term disability
coverage, short term disability, cellular phone reimbursement, and vacation for Executive and his eligible dependents) now (or, to the extent determined by the Compensation Committee, hereafter) in effect which are applicable to the senior officers
of the Company (the &#147;Eligible Benefit Plans&#148;), subject to and on a basis consistent with the terms, conditions and overall administration thereof. The Executive agrees that nothing contained in this Agreement shall prevent the Company from
terminating or modifying any such Eligible Benefit Plans in whole or in part at any time. In addition, the Executive shall receive a monthly car allowance of $1,000. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><U>(e) Expenses.</U> The Company shall reimburse the Executive for all reasonable travel and other business expenses incurred by him in the
performance of his duties to the Company, in accordance with the Company&#146;s documentation and other policies with respect thereto. </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><B>5.</B></TD>
<TD ALIGN="left" VALIGN="top"><B><U>Termination. </U> </B></TD></TR></TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">The Executive&#146;s employment hereunder may be terminated by
the Company or the Executive, as applicable, without any breach of this Agreement only under the following circumstances: </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><U>(a)
Circumstances.</U> </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; margin-left:4%; text-indent:8%; font-size:10pt; font-family:Times New Roman">(i) <U>Death.</U>&nbsp;The Executive&#146;s employment hereunder shall terminate upon his death. In
the event of the death of the Executive during the Term of this Agreement, Company shall pay to Executive or Executive&#146;s widow, if surviving, otherwise to his estate or legal representative, the Executive&#146;s prorated Annual Base Salary and
all vested benefits referenced herein through the Date of Termination. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; margin-left:4%; text-indent:8%; font-size:10pt; font-family:Times New Roman">(ii) <U>Disability.</U>&nbsp;If the Company
determines in good faith that the Executive has incurred a Disability, the Company shall give the Executive a minimum of thirty (30)&nbsp;days&#146; written notice of its intention to terminate the Executive&#146;s employment after the 180 day
period referenced in Section&nbsp;1(i) (the &#147;Disability Notice&#148;). In such event, the Executive&#146;s employment with the Company shall terminate effective on the 30th day after receipt of the Disability Notice, provided that within the
30&nbsp;days after such receipt, the Executive either has not returned to full-time performance of his duties or requested a return to performance of his duties with a reasonable accommodation for his disability. The Executive shall receive the
prorated Annual Base Salary and all vested benefits referenced herein through the Date of Termination. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; margin-left:4%; text-indent:8%; font-size:10pt; font-family:Times New Roman">(iii)
<U>Termination for Cause.</U>&nbsp;The Company may terminate the Executive&#146;s employment hereunder for Cause. The Executive shall receive his prorated Annual Base Salary and all vested benefits referenced herein through the Date of Termination.
</P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">5 </P>


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 <P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:4%; text-indent:8%; font-size:10pt; font-family:Times New Roman">(iv) <U>Termination without Cause</U>. The Company may terminate the
Executive&#146;s employment without Cause. The Executive shall receive his prorated Annual Base Salary and all vested benefits referenced herein through the Date of Termination. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; margin-left:4%; text-indent:8%; font-size:10pt; font-family:Times New Roman">(v) <U>Resignation for Good Reason.</U>&nbsp;The Executive may terminate his employment for Good Reason. The Executive shall
receive his prorated Annual Base Salary and all vested benefits referenced herein through the Date of Termination. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; margin-left:4%; text-indent:8%; font-size:10pt; font-family:Times New Roman">(vi)
<U>Resignation without Good Reason.</U>&nbsp;The Executive may resign his employment without Good Reason upon 90 days written notice to the Company. The Executive shall receive his prorated Annual Base Salary and all vested benefits referenced
herein through the Date of Termination. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><U>(b) Notice of Termination.</U> Any termination of the Executive&#146;s employment by the
Company or by the Executive under this Section&nbsp;5 (other than termination pursuant to Section&nbsp;5(a)(i)) shall be communicated by a written notice to the other party hereto indicating the specific termination provision in this Agreement
relied upon, setting forth in reasonable detail the facts and circumstances claimed to provide a basis for termination of the Executive&#146;s employment under the provision so indicated, and specifying a Date of Termination (a &#147;Notice of
Termination&#148;) which, except in the case of termination for Cause or resignation for Good Reason, shall be at least fourteen days following the date of such notice or thirty days if termination is pursuant to Section&nbsp;5(a)(ii) and not more
than forty-five days, except that in the case of a resignation without Good Reason shall be at least ninety (90)&nbsp;days following the date of such notice. </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><B>6.</B></TD>
<TD ALIGN="left" VALIGN="top"><B><U>Severance Payments.</U> </B></TD></TR></TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><U>(a) Entitlement to Severance Payments.</U> Subject to
Section&nbsp;6(b), if the Executive&#146;s employment terminates due to Executive&#146;s death (pursuant to Section&nbsp;5(a)(i)), pursuant to a termination without Cause (pursuant to Section&nbsp;5(a)(iv)), due to Disability (pursuant to
Section&nbsp;5(a)(ii)) or resignation for Good Reason (pursuant to Section&nbsp;5(a)(v)), then provided that the Executive&#146;s termination of employment constitutes a &#147;separation from service&#148; as defined under Treas. Reg.
Section&nbsp;1.409A-1(h): </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="8%">&nbsp;</TD>
<TD WIDTH="5%" VALIGN="top" ALIGN="left">(i)</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">The Company shall pay/distribute the following severance payment (&#147;Severance Payment&#148;) to the
Executive, or in the event of Executive&#146;s death to Executive&#146;s widow, if surviving, otherwise to his estate or legal representative: (a)&nbsp;an amount equal to his then Annual Base Salary for the remainder of the Initial Term or one year,
whichever is greater (the &#147;Severance Period&#148;), payable over the Severance Period at the same time and in the same manner as such Annual Base Salary would have been paid if the Executive had remained in active employment until the end of
the Severance Period in accordance with the Company&#146;s normal payroll practices as in effect on the date of termination of the Executive&#146;s </P></TD></TR></TABLE>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">6 </P>


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<TR style = "page-break-inside:avoid">
<TD WIDTH="13%">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">
employment and (b)&nbsp;an amount equal to the highest Annual Bonus paid to Executive during the preceding three (3)&nbsp;year period, or $550,000.00, whichever is greater, payable in a single
installment within sixty (60)&nbsp;days of the Date of Termination. Notwithstanding the foregoing, if the Executive&#146;s employment termination occurs (x)&nbsp;during any period when the Company is party to a binding agreement obligating the
Company to enter into a transaction or series of transactions that, when consummated, will constitute a Change in Control or (y)&nbsp;on or within two years following the date of a Change in Control, then the Severance Payment shall be the greater
of the amount of the Severance Payment determined in accordance with the immediately preceding sentence or an amount equal to the sum of (A)&nbsp;two (2)&nbsp;times the Base Rate of Pay as in effect immediately prior to the Date of Termination
(disregarding any decrease in the Base Rate of Pay that provides a basis for Executive&#146;s resignation for Good Reason) and (B)&nbsp;two (2)&nbsp;times the highest Annual Bonus paid to Executive during the preceding three (3)&nbsp;year period,
which amount shall be paid in a single installment on the sixtieth (60th)&nbsp;day following the Date of Termination to the extent such payment does not result in the imposition of an excise tax under Section&nbsp;409A of the Code and shall
otherwise be paid as provided in this first sentence of this Section&nbsp;6(a)(i). </TD></TR></TABLE> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="8%">&nbsp;</TD>
<TD WIDTH="5%" VALIGN="top" ALIGN="left">(ii)</TD>
<TD ALIGN="left" VALIGN="top">Executive shall be entitled to continue coverage under the Company&#146;s group health plan as required by Section&nbsp;4980B of the Code (&#147;COBRA&#148;) and the Company&#146;s group life plan for the eighteen month
period commencing on the Date of Termination. The Company shall pay Executive&#146;s (and his eligible dependents) premiums under COBRA (except to the extent it results in a duplication of payments made to Executive under Section&nbsp;6(a)(i) of
this Agreement) until the earlier of (A)&nbsp;eighteen months following the Date of Termination or (B)&nbsp;the date the Executive becomes eligible for coverage under another group health plan (the &#147;COBRA Payment Period&#148;). Notwithstanding
the foregoing, if at any time the Company determines that its payment of COBRA premiums on the Executive&#146;s behalf would result in a violation of applicable law (including but not limited to the 2010 Patient Protection and Affordable Care Act,
as amended by the 2010 Health Care and Education Reconciliation Act), then in lieu of paying COBRA premiums pursuant to this Section&nbsp;6(a)(ii), the Company shall pay the Executive on the last day of each remaining month of the COBRA Payment
Period, a fully taxable cash payment equal to the COBRA premium for such month, subject to applicable tax withholding (such amount, the &#147;<U>Special Severance Payment</U>&#148;), such Special Severance Payment to be made without regard to the
Executive&#146;s payment of COBRA premiums. Nothing in this Agreement shall deprive the Executive of his rights under COBRA or ERISA for benefits under plans and policies arising under his employment by the Company. </TD></TR></TABLE>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="8%">&nbsp;</TD>
<TD WIDTH="5%" VALIGN="top" ALIGN="left">(iii)</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">Notwithstanding the terms or conditions of the Equity Plan or any stock option or other award agreement between
the Company and the Executive, </P></TD></TR></TABLE>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">7 </P>


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<TR style = "page-break-inside:avoid">
<TD WIDTH="13%">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">
all granted and outstanding stock options and other stock-based awards, including but not limited to the Restricted Stock Units, shall become fully vested and exercisable as of the Date of
Termination, and, to the extent exercisable, shall remain exercisable until the earlier to occur of (A)&nbsp;the expiration of such stock option or other award pursuant to its terms or (B)&nbsp;the expiration of 90 days following the Date of
Termination. </TD></TR></TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><U>(b) Release.</U> Notwithstanding anything to the contrary in this Section&nbsp;6, the Executive shall not
be entitled to any severance payments or benefits under Section&nbsp;6, unless the Executive, or in the case of Executive&#146;s death, the Executive&#146;s widow, if surviving, otherwise his estate executor or legal representative (or,
alternatively, whomever is entitled to the severance payment set forth in Section&nbsp;6(a)(i)) , executes and does not revoke the release of claims in substantially the form attached hereto as Exhibit B (and such release becomes effective and
irrevocable) within thirty (30)&nbsp;days following the Date of Termination. Notwithstanding anything to the contrary in this Section&nbsp;6, the payments due under Section&nbsp;6(a)(i) shall be payable commencing on the Company&#146;s first payroll
date occurring on or after the 30th day following the Date of Termination (the &#147;First Payroll Date&#148;), and any amounts that would otherwise have been paid pursuant to such Section&nbsp;6(a)(i) prior to the First Payroll Date shall be paid
in a lump-sum on the First Payroll Date. To the extent that, in the event of Executive&#146;s death, Florida law does not allow the Executive&#146;s widow, if surviving, or his estate executor or legal representative (or, alternatively, whomever is
entitled to the severance payment set forth in Section&nbsp;6(a)(i)) to execute the release of claims, then the individual authorized under Florida law to release claims on behalf of a deceased individual, if any, shall execute the release of claims
set forth above. If no person is authorized under Florida law, then this provision shall be waived. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><U>(c) Survival.</U> The expiration
or termination of the Term shall not impair the rights or obligations of any party hereto which shall have accrued hereunder prior to such expiration. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><U>(d) Mitigation of Damages.</U> In no event shall the Executive be obligated to seek other employment or take any other action by way of
mitigation of the amount payable to the Executive under any of the provisions of this Agreement and such amounts shall not be reduced (except as provided in Section&nbsp;6(a)(ii)) whether or not the Executive obtains other employment. Neither the
Executive nor the Company shall be liable to the other party for any damages in addition to the amounts payable under Section&nbsp;6 arising out of the termination of the Executive&#146;s employment prior to the end of the Term (except as provided
in Section&nbsp;9). </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><B>7.</B></TD>
<TD ALIGN="left" VALIGN="top"><B><U>Restrictive Covenants.</U> </B></TD></TR></TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><U>(a) Non-Competition</U>.&nbsp;The Term of
Non-Competition shall be defined as the term beginning on the date hereof and continuing until the first anniversary of the Date of Termination; provided, however, that if the Executive&#146;s employment is terminated by the Company, other than for
Cause, or terminated by Executive for Good Reason as set forth in Section&nbsp;5(a)(v), the term of Non-Competition shall expire upon the earlier of the first anniversary of the Date of Termination or the date that the Executive waives his
entitlement to any further payments under Section&nbsp;6, or the Date of Termination if no payments are to be made under Section&nbsp;6. During the Term of Non-Competition, the Executive shall not, without the prior written consent of the Board,
directly or indirectly engage in, or have any equity interest in, or </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">8 </P>


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 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">
manage, be employed or engaged by or operate any person, firm, corporation, partnership or business (whether as director, officer, employee, agent, representative, partner, security holder,
consultant or otherwise) that engages in, any business which competes with any business of the Company or any entity owned by it that is within 75 miles of any transmission site on which the Company or any entity owned by it operates a radio station
at the Date of Termination, provided, however, that the Executive shall be permitted to acquire a stock interest in such a corporation provided such stock is publicly traded and the stock so acquired is not more than five percent (5%)&nbsp;of the
outstanding shares of such corporation. <B><U></U></B> </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><U>(b) Construction of this Section</U>.&nbsp;In the event the terms of this
Section&nbsp;7 shall be determined by any court of competent jurisdiction to be unenforceable by reason of its extending for too great a period of time or over too great a geographical area or by reason of its being too extensive in any other
respect, it will be interpreted to extend only over the maximum period of time for which it may be enforceable, and/or over the maximum geographical area as to which it may be enforceable and/or to the maximum extent in all other respects as to
which it may be enforceable, all as determined by such court in such action. </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><B>8.</B></TD>
<TD ALIGN="left" VALIGN="top"><B><U>Nondisclosure of Proprietary Information.</U> </B></TD></TR></TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><U>(a) Confidentiality.</U> Except as
required in the faithful performance of the Executive&#146;s duties hereunder or pursuant to subsection&nbsp;(c), the Executive shall, in perpetuity, maintain in confidence and shall not directly, indirectly or otherwise, use, disseminate, disclose
or publish, or use for his benefit or the benefit of any person, firm, corporation or other entity any confidential or proprietary information or trade secrets of or relating to the Company, including, without limitation, information with respect to
the Company&#146;s operations, processes, products, inventions, business practices, finances, principals, vendors, suppliers, customers, potential customers, marketing methods, costs, prices, contractual relationships, regulatory status,
compensation paid to employees or other terms of employment, or deliver to any person, firm, corporation or other entity any document, record, notebook, computer program or similar repository of or containing any such confidential or proprietary
information or trade secrets. The parties hereby stipulate and agree that as between them the foregoing matters are important, material and confidential proprietary information and trade secrets and affect the successful conduct of the businesses of
the Company (and any successor or assignee of the Company). </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><U>(b) Return of Materials.</U> Upon termination of the Executive&#146;s
employment with Company for any reason and upon the Company&#146;s request, the Executive will promptly deliver to the Company all correspondence, drawings, manuals, letters, notes, notebooks, reports, programs, plans, proposals, financial
documents, or any other documents concerning the Company&#146;s customers, business plans, marketing strategies, products or processes and/or which contain proprietary information or trade secrets. Executive shall keep his cellular phone and phone
number. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><U>(c) Response to Legal Process.</U> The Executive may respond to a lawful and valid subpoena or other legal process but shall
give the Company the earliest possible notice thereof, and shall, as much in advance of the return date as possible, make available to the Company and its counsel the documents and other information sought and shall assist such counsel in resisting
or otherwise responding to such process. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">9 </P>


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 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><U>(d) Certain Exclusions.</U> Notwithstanding anything in this Agreement to the contrary,
nothing in this Agreement shall prohibit the Executive from reporting possible violations of Federal law or regulation to any United States governmental agency or entity in accordance with the provisions of and rules promulgated under
Section&nbsp;21F of the Securities Exchange Act of 1934 or Section&nbsp;806 of the Sarbanes-Oxley Act of 2002, or any other whistleblower protection provisions of State or Federal law or regulation (including the right to receive an award for
information provided to any such government agencies). Furthermore, in accordance with 18&nbsp;U.S.C. &#167;&nbsp;1833, the Company hereby notifies the Executive that, notwithstanding anything to the contrary herein: (a)&nbsp;the Executive shall not
be in breach of this Agreement, and shall not be held criminally or civilly liable under any Federal or State trade secret law (i)&nbsp;for the disclosure of a trade secret that is made in confidence to a Federal, State, or local government official
or to an attorney solely for the purpose of reporting or investigating a suspected violation of law, or (ii)&nbsp;for the disclosure of a trade secret that is made in a complaint or other document filed in a lawsuit or other proceeding, if such
filing is made under seal; and (b)&nbsp;if the Executive files a lawsuit for retaliation by Company for reporting a suspected violation of law, the Executive may disclose the trade secret to the Executive&#146;s attorney, and may use the trade
secret information in the court proceeding, if the Executive files any document containing the trade secret under seal, and does not disclose the trade secret, except pursuant to court order. </P>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><B>9.</B></TD>
<TD ALIGN="left" VALIGN="top"><B><U>Injunctive Relief.</U> </B></TD></TR></TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">It is recognized and acknowledged by the Executive that a
breach of the covenants contained in Sections 7 and 8 will cause irreparable damage to Company and its goodwill, the exact amount of which will be difficult or impossible to ascertain, and that the remedies at law for any such breach will be
inadequate. Accordingly, the Executive agrees that in the event of a breach of any of the covenants contained in Sections 7 and 8, in addition to any other remedy which may be available at law or in equity, the Company will be entitled to seek
specific performance and injunctive relief. </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><B>10.</B></TD>
<TD ALIGN="left" VALIGN="top"><B><U>Binding on Successors.</U> </B></TD></TR></TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">This Agreement shall be binding upon and inure to the
benefit of the Company, the Executive and their respective successors, assigns, personnel and legal representatives, executors, administrators, heirs, distributees, devisees, and legatees, as applicable. The Company may assign its rights and
obligations under this Agreement to any successor to all or substantially all of the business or the assets of the Company. The Executive may not assign the Executive&#146;s rights or obligations under this Agreement other than the Executive&#146;s
rights to payments hereunder, which may only be assigned by will or the operation of the laws of descent and distribution. </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><B>11.</B></TD>
<TD ALIGN="left" VALIGN="top"><B><U>Governing Law.</U> </B></TD></TR></TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">This Agreement shall be governed, construed, interpreted and
enforced in accordance with the substantive laws of the State of Florida, without reference to the principles of conflicts of law of the State of Florida or any other jurisdiction, and where applicable, the laws of the United States. Executive
agrees that any claim arising out of or relating to this Agreement shall be brought exclusively in the state or federal courts of competent jurisdiction </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">10 </P>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">
for Collier County, Florida. Executive consents to the personal jurisdiction of such courts and thereby waives: (a)&nbsp;any objection to jurisdiction or venue; or (b)&nbsp;any defense claiming
lack of jurisdiction or improper venue, in any action brought in such courts. Executive further acknowledges that Employee is executing this Agreement in the State of Florida. </P>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><B>12.</B></TD>
<TD ALIGN="left" VALIGN="top"><B><U>Validity.</U> </B></TD></TR></TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">The invalidity or unenforceability of any provision or provisions of
this Agreement shall not affect the validity or enforceability of any other provision of this Agreement, which shall remain in full force and effect. </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><B>13.</B></TD>
<TD ALIGN="left" VALIGN="top"><B><U>Notices.</U> </B></TD></TR></TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">Any notice, request, claim, demand, document and other communication
hereunder to any party shall be effective upon receipt (or refusal of receipt) and shall be in writing and delivered personally or sent by overnight courier service or certified or registered mail, postage prepaid, as follows: </P>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="92%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" ALIGN="center">


<TR>
<TD WIDTH="12%"></TD>
<TD VALIGN="bottom" WIDTH="3%"></TD>
<TD WIDTH="85%"></TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Beasley Broadcast Group, Inc.</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">3033 Riviera
Drive, Suite 200</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Naples, Florida 34103</P> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:10pt; font-family:Times New Roman">Attn: Chief Executive
Officer</P></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" NOWRAP>With&nbsp;a&nbsp;copy&nbsp;to:</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Beasley Broadcast Group, Inc.</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">3033 Riviera
Drive, Suite 200</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Naples, Florida 34103</P> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:10pt; font-family:Times New Roman">Attn: General
Counsel</P></TD></TR>
</TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">If to the Executive, to his at the address set forth below under his signature; or at any other address as any
party shall have specified by notice in writing to the other parties. </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><B>14.</B></TD>
<TD ALIGN="left" VALIGN="top"><B><U>Counterparts.</U> </B></TD></TR></TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">This Agreement may be executed in several counterparts, each of
which shall be deemed to be an original, but all of which together will constitute one and the same Agreement. </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><B>15.</B></TD>
<TD ALIGN="left" VALIGN="top"><B><U>Entire Agreement.</U> </B></TD></TR></TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">The terms of this Agreement are intended by the parties to be
the final expression of their agreement with respect to the employment of the Executive by the Company and may not be contradicted by evidence of any prior or contemporaneous agreement. The parties further intend that this Agreement shall constitute
the complete and exclusive statement of its terms and that no extrinsic evidence whatsoever may be introduced in any judicial, administrative, or other legal proceeding to vary the terms of this Agreement. The parties agree that the Prior Employment
Agreement is hereby terminated, and this Agreement replaces and supersedes the Prior Employment Agreement in its entirety. </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><B>16.</B></TD>
<TD ALIGN="left" VALIGN="top"><B><U>Amendments; Waivers.</U> </B></TD></TR></TABLE>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">11 </P>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">

 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">This Agreement may not be modified, amended, or terminated except by an instrument in writing,
signed by the Executive and the Chief Operating Officer. By an instrument in writing similarly executed, the Executive or the Company may waive compliance by the other party or parties with any provision of this Agreement that such other party was
or is obligated to comply with or perform, provided, however, that such waiver shall not operate as a waiver of, or estoppel with respect to, any other or subsequent failure. No failure to exercise and no delay in exercising any right, remedy, or
power hereunder preclude any other or further exercise of any other right, remedy, or power provided herein or by law or in equity. </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><B>17.</B></TD>
<TD ALIGN="left" VALIGN="top"><B><U>No Inconsistent Actions.</U> </B></TD></TR></TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">The parties hereto shall not voluntarily undertake or
fail to undertake any action or course of action inconsistent with the provisions or essential intent of this Agreement. Furthermore, it is the intent of the parties hereto to act in a fair and reasonable manner with respect to the interpretation
and application of the provisions of this Agreement. </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><B>18.</B></TD>
<TD ALIGN="left" VALIGN="top"><B><U>Arbitration.</U> </B></TD></TR></TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">Any dispute or controversy arising under or in connection with
this Agreement shall be settled exclusively by arbitration, conducted before a panel of three arbitrators in Collier County, Florida in accordance with the rules of the American Arbitration Association then in effect. Judgment may be entered on the
arbitrator&#146;s award in any court having jurisdiction; provided, however, that the Company shall be entitled to seek a restraining order or injunction in any court of competent jurisdiction to prevent any continuation of any violation of the
provisions of Sections 7 or 8 of this Agreement and the Executive hereby consents that such restraining order or injunction may be granted without the necessity of the Company&#146;s posting any bond. The fees and expense of the arbitrator shall be
borne by the Company. The prevailing party in any action or arbitration proceeding hereunder shall be entitled to recover its reasonable attorney&#146;s fees and costs from the other party. </P>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><B>19.</B></TD>
<TD ALIGN="left" VALIGN="top"><B><U>Claw-back</U></B><U>. <B></B></U><B> </B></TD></TR></TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">All compensation received by Executive shall
be subject to the provisions of any claw-back policy implemented by the Company to comply with applicable law, regulation or stock exchange rule, including, without limitation, any claw-back policy adopted to comply with the requirements of the
Dodd-Frank Wall Street Reform and Consumer Protection Act and any rules or regulations promulgated thereunder. </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><B>20.</B></TD>
<TD ALIGN="left" VALIGN="top"><B><U>Section&nbsp;409A.</U> </B></TD></TR></TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">Notwithstanding anything to the contrary in this Agreement,
if at the time of the Executive&#146;s separation from service with the Company, the Executive is a &#147;specified employee&#148; as defined in Section&nbsp;409A of the Internal Revenue Code of 1986, as amended (the &#147;Code&#148;), as determined
by the Company in accordance with Section&nbsp;409A of the Code, and the deferral of the commencement of any payments or benefits otherwise payable hereunder as a result of such separation from service is necessary in order to prevent any
accelerated or additional tax under Section&nbsp;409A of the Code, then the Company will defer the commencement of the payment of any such payments or benefits hereunder (without any reduction in the payments or benefits
</P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">12 </P>


<p Style='page-break-before:always'>
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 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">
ultimately paid or provided to the Executive) until the date that is at least six (6)&nbsp;months following the Executive&#146;s separation from service with the Company (or the earliest date
permitted under Section&nbsp;409A of the Code), whereupon the Company will pay the Executive a lump-sum amount equal to the cumulative amounts that would have otherwise been previously paid to the Executive under this Agreement during the period in
which such payments or benefits were deferred. Thereafter, payments will resume in accordance with this Agreement. For purposes of Section&nbsp;409A of the Code, the Executive&#146;s right to receive any installment payments under this Agreement,
including each payment made after a &#147;separation from service,&#148; will be considered as a right to receive a series of separate payments. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">This Agreement is intended to be written, administered, interpreted and construed in a manner such that no payment or benefits provided under
the Agreement become subject to (a)&nbsp;the gross income inclusion set forth within Code Section&nbsp;409A(a)(1)(A) or (b)&nbsp;the interest and additional tax set forth within Code Section&nbsp;409A(a)(1)(B) (together, referred to herein as the
&#147;Section&nbsp;409A Penalties&#148;), including, where appropriate, the construction of defined terms to have meanings that would not cause the imposition of Section&nbsp;409A Penalties. In no event shall the Company be required to provide a tax
gross-up payment to Executive with respect to Section&nbsp;409A Penalties. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">Notwithstanding anything to the contrary in this Agreement,
in-kind benefits and reimbursements provided under this Agreement during any calendar year shall not affect in-kind benefits or reimbursements to be provided in any other calendar year, other than an arrangement providing for the reimbursement of
medical expenses referred to in Section&nbsp;105(b) of the Code, and are not subject to liquidation or exchange for another benefit. Notwithstanding anything to the contrary in this Agreement, reimbursement requests must be timely submitted by the
Executive and, if timely submitted, reimbursement payments shall be promptly made to the Executive following such submission, but in no event later than December&nbsp;31st of the calendar year following the calendar year in which the expense was
incurred. In no event shall the Executive be entitled to any reimbursement payments after December&nbsp;31st of the calendar year following the calendar year in which the expense was incurred. This paragraph shall only apply to in-kind benefits and
reimbursements that would result in taxable compensation income to the Executive. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">Additionally, in the event that following the date
hereof the Company or the Executive reasonably determines that any compensation or benefits payable under this Agreement may be subject to Section&nbsp;409A of the Code, the Company and the Executive shall work together to adopt such amendments to
this Agreement or adopt other policies or procedures (including amendments, policies and procedures with retroactive effect), or take any other commercially reasonable actions necessary or appropriate to (x)&nbsp;exempt the compensation and benefits
payable under this Agreement from Section&nbsp;409A of the Code and/or preserve the intended tax treatment of the compensation and benefits provided with respect to this Agreement or (y)&nbsp;comply with the requirements of Section&nbsp;409A of the
Code and related Department of Treasury guidance. </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><B>21.</B></TD>
<TD ALIGN="left" VALIGN="top"><B><U>Indemnification.</U> </B></TD></TR></TABLE>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">13 </P>


<p Style='page-break-before:always'>
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 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">Company hereby indemnifies, holds harmless and agrees to defend Executive from and against any
and all losses, claims, demands, damages, costs, expenses and liabilities including without limitation, reasonable attorneys&#146; fees and disbursements incurred in connection therewith&nbsp;as set forth in the By-laws of the Company. </P>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><B>22.</B></TD>
<TD ALIGN="left" VALIGN="top"><B><U>Survival.</U> </B></TD></TR></TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">The obligations, covenants, rights and remedies of the Parties under
Sections 6 through 11, 13 and 18 through 22 shall expressly extend beyond and survive termination of this Agreement. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">[<I>Signature Page
Follows</I>] </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">14 </P>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">

 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">IN WITNESS WHEREOF, the parties have executed this Agreement on the date and year first above
written. </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P><DIV ALIGN="right">
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="40%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt">


<TR>
<TD WIDTH="12%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="87%"></TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" COLSPAN="3">Beasley Broadcast Group, Inc.</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">By:</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000">&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #000000">/s/ Caroline Beasley</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">Name:</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">Caroline Beasley</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">Title:</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">Chief Executive Officer</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16" COLSPAN="3"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" COLSPAN="3">THE EXECUTIVE</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16" COLSPAN="3"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" COLSPAN="3" STYLE="BORDER-BOTTOM:1px solid #000000">/s/ Brian E. Beasley</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">Name:</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">Brian E. Beasley</TD></TR>
</TABLE></DIV>

<p Style='page-break-before:always'>
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 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><U>Exhibit A </U></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>General Release and Waiver </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">For and in consideration of the payments and other benefits due to Brian E. Beasley (the &#147;<U>Executive</U>&#148;) pursuant to
Section&nbsp;6 of the Executive Employment Agreement, dated as of [&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;] __, 2017 (the &#147;<U>Employment Agreement</U>&#148;), by and between Beasley Broadcast Group, Inc. (the
&#147;<U>Company</U>&#148;) and the Executive, and for other good and valuable consideration, the Executive hereby, for the Executive, the Executive&#146;s spouse and child or children (if any), the Executive&#146;s heirs, beneficiaries, devisees,
executors, administrators, attorneys, personal representatives, successors and assigns, forever releases and discharges the Company, and any of its divisions, affiliates, subsidiaries, parents, branches, predecessors, successors, assigns, and, with
respect to such entities, their officers, directors, trustees, employees, agents, shareholders, administrators, general or limited partners, representatives, attorneys, insurers and fiduciaries, past, present and future (the &#147;<U>Released
Parties</U>&#148;) from, and covenants not to sue for, any and all claims of any kind arising out of, or related to, Executive&#146;s employment with the Company, its affiliates and subsidiaries (collectively, with the Company, the
&#147;<U>Affiliated Entities</U>&#148;) or the Executive&#146;s separation from employment with the Affiliated Entities, which the Executive now has or may have against the Released Parties, whether known or unknown to the Executive, by reason of
facts which have occurred on or prior to the date that the Executive has signed this Release. Such released claims include, without limitation, any and all claims relating to the foregoing under federal, state or local laws pertaining to employment,
including, without limitation, Florida Civil Rights Act, Fla. Stat. Sec.&nbsp;760.01 et seq, the Age Discrimination in Employment Act, Title&nbsp;VII of the Civil Rights Act of 1964, as amended, 42&nbsp;U.S.C. Section&nbsp;2000e <I>et</I>.
<I>seq</I>., the Fair Labor Standards Act, as amended, 29 U.S.C. Section&nbsp;201 <I>et</I>. <I>seq</I>., the Americans with Disabilities Act, as amended, 42&nbsp;U.S.C. Section&nbsp;12101 <I>et</I>. <I>seq</I>. the Reconstruction Era Civil Rights
Act, as amended, 42 U.S.C. Section&nbsp;1981 <I>et</I>. <I>seq</I>., the Rehabilitation Act of 1973 , as amended, 29&nbsp;U.S.C. Section&nbsp;701 <I>et</I>. <I>seq</I>., the Family and Medical Leave Act of 1992, 29&nbsp;U.S.C. Section&nbsp;2601
<I>et</I>. <I>seq</I>., and any and all state or local laws regarding employment discrimination and/or federal, state or local laws of any type or description regarding employment, including but not limited to any claims arising from or derivative
of the Executive&#146;s employment with the Affiliated Entities, as well as any and all such claims under state contract or tort law. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">The
Executive has read this Release carefully, acknowledges that the Executive has been given at least twenty-one (21)&nbsp;days to consider all of its terms and has been advised to consult with an attorney and any other advisors of the Executive&#146;s
choice prior to executing this Release, and the Executive fully understands that by signing below the Executive is voluntarily giving up any right which the Executive may have to sue or bring any other claims against the Released Parties, including
any rights and claims under the Age Discrimination in Employment Act. The Executive understands and acknowledges that the consideration given for this Release is in addition to anything of value to which the Executive was already entitled. The
Executive also understands that the Executive has a period of seven (7)&nbsp;days after signing this Release within which to revoke Executive&#146;s agreement, and that neither the Company nor any other person is obligated to make any payments or
provide any other benefits to the Executive pursuant to the Employment Agreement until the eighth (8th)&nbsp;day after the Executive&#146;s signing of this Release </P>

<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">
without the Executive&#146;s signature having been revoked other than any accrued obligations or other benefits payable pursuant to the terms of the Company&#146;s normal payroll practices or
employee benefit plans. Finally, the Executive has not been forced or pressured in any manner whatsoever to sign this Release, and the Executive agrees to all of its terms voluntarily. The Executive is advised that nothing in this Release prevents
or precludes the Executive from challenging or seeking a determination in good faith of the validity of this waiver under the Age Discrimination in Employment Act, nor does it impose any condition precedent, penalties, or costs for doing so, unless
specifically authorized by Federal law. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Notwithstanding anything else herein to the contrary, this Release shall not affect: (i)&nbsp;the
Company&#146;s obligations under <U>Section&nbsp;6</U> of the Employment Agreement or under any compensation or employee benefit plan, program or arrangement (including, without limitation, obligations to the Executive under any stock option, stock
award or agreements or obligations under any pension, deferred compensation or retention plan) provided by the Affiliated Entities where the Executive&#146;s compensation or benefits are intended to continue or the Executive is to be provided with
compensation or benefits, in accordance with the express written terms of such plan, program or arrangement, beyond the date of the Executive&#146;s termination; (ii)&nbsp;rights to indemnification, contribution or liability insurance coverage the
Executive may have under the by-laws of the Company or applicable law. Furthermore, this Release does not release claims that cannot be released as a matter of law, and nothing in this Release prohibits the Executive from reporting possible
violations of Federal law or regulation to any United States governmental agency or entity in accordance with the provisions of and rules promulgated under Section&nbsp;21F of the Securities Exchange Act of 1934 or Section&nbsp;806 of the
Sarbanes-Oxley Act of 2002, or any other whistleblower protection provisions of State or Federal law or regulation (including the right to receive an award for information provided to any such government agencies). </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><U>Sections&nbsp;11</U>, <U>13</U> and <U>18</U> of the Employment Agreement shall also apply to this Release. This Release is final and
binding and may not be changed or modified except in a writing signed by both parties. In the event that any provision or any portion of any provision hereof becomes or is declared by a court of competent jurisdiction or arbitrator to be illegal,
unenforceable, or void, this Release shall continue in full force and effect without said provision or portion of provision. </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TD VALIGN="top">Date</TD>
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<TD VALIGN="top">BRIAN E. BEASLEY</TD></TR>
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<TD VALIGN="top">BEASLEY BROADCAST GROUP, INC.</TD></TR>
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<DOCUMENT>
<TYPE>EX-10.5
<SEQUENCE>6
<FILENAME>d408405dex105.htm
<DESCRIPTION>EXECUTIVE EMPLOYMENT AGREEMENT - MARIE TEDESCO
<TEXT>
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<TITLE>Executive employment agreement - Marie Tedesco</TITLE>
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 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="right"><B>Exhibit 10.5 </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B><U>EMPLOYMENT AGREEMENT</U></B> </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">This
Employment Agreement (&#147;Agreement&#148;) made this 8th day of June 2017, by and between Beasley Mezzanine Holdings, LLC (&#147;Employer&#148;) and Marie Tedesco (&#147;Employee&#148;) (Employer and Employee each &#147;Party&#148;). </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">In consideration of the mutual covenants herein contained, the parties hereto hereby agree as follows: </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><B>1. <U>EMPLOYMENT.</U></B> Employer hereby employs Employee and Employee hereby accepts such employment by Employer upon the terms and
conditions set forth herein as Chief Financial Officer of Employer. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><B>2. <U>TERM OF EMPLOYMENT.</U></B> (a)&nbsp;Initial Term. The
initial term of employment shall begin on January&nbsp;1, 2017 (&#147;Commencement Date&#148;) and expire on December&nbsp;31, 2019 (&#147; Initial Term&#148;), however, Employer may terminate this Agreement at any time &#147;without cause&#148; or
&#147;for cause&#148; (as defined in Section&nbsp;7 hereof). (b)&nbsp;<U>Extension.</U>&nbsp;The term hereunder shall be extended for successive one-year periods (&#147;Extension Terms&#148; and, collectively with the Initial Term, the
&#147;Term&#148;) upon the mutual agreement of the parties in writing. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><B>3. <U>SERVICES.</U></B> Employee&#146;s principal duties shall
be those of performing services as Chief Financial Officer for Employer at times and days determined by Employer in accordance with the terms and conditions set forth herein. Subject to reasonable modification from time to time by the Board of
Directors or by the Chief Executive Officer, Employee shall report to the Chief Executive Officer and shall serve as Chief Financial Officer of the Employer with such customary responsibilities, duties and authority as are usually incident to the
position of Chief Financial Officer. Employee shall be responsible for the financial plans, policies and management of the Employer along with its accounting practices and relationships with lending institutions, shareholders and the financial
community. Employee shall direct the accounting, cash management, tax, budget, credit and treasury functions and activities associated with the security and investment of assets and funds that ensures that financial transactions, policies and plans
meet short- and long-term objectives and regulatory requirements. Employee will, on a full-time basis, apply all of her skill and experience to the performance of her duties in such employment and will not, without the prior consent of the Board of
Directors, devote substantial amounts of time to outside business activities. Notwithstanding the foregoing, Employee may devote a reasonable amount of her time to civic, community, charitable or passive investment activities. Employee agrees and
acknowledges that Employer retains sole discretion to change the scope and extent of Employee&#146;s duties at any time, subject only to the terms of this Agreement, including but not limited to reassigning any of the duties herein to another
employee; relieving Employee of any of the duties herein; and/or eliminating, removing, reassigning or relieving Employee of any of the titles granted to Employee herein. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><B>4. <U>EFFORTS OF EMPLOYEE.</U></B> Employee shall not enter into any agreement or contract on behalf of Employer or commit to any
obligation without the prior approval of Employer. Employee shall faithfully and diligently discharge his/her duties and responsibilities and shall exert his/her best efforts and abilities to maintain and preserve good relationships with suppliers,
advertisers, customers, lessors, governmental agencies, and others having business dealings with Employer. Employee shall not, during the Term, be or become involved or interested, directly or indirectly, in any manner, as a partner, officer.
director, stockholder, advisor, inventor, creditor, employee or in any other capacity in any Business as defined in Attachment A; provided, however, that Employee may, as a passive investor, invest personal funds in the capital stock or other
securities of a corporation or other entity, provided Employee owns less than one percent (1%)&nbsp;of the equity securities of such entity or an investment in such entity represents less than five percent (5%)&nbsp;of the total assets of Employee.
</P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><B>5. <U>COMPENSATION</U>. </B>In consideration of entering into this Agreement, during the Term: </P>

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 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">(a) Employer shall pay to Employee and Employee agrees to accept from Employer for
Employee&#146;s full and faithful performance by Employee of services provided hereunder, an annual salary (&#147;Base Salary&#148;) set forth in Attachment B. Such Base Salary shall be paid on a semi-monthly basis; provided, however, that Employer
may withhold or deduct from sums due Employee any taxes, contributions, payments and assessments which Employer is now or may hereafter be required by law to withhold or deduct. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">(b) In addition to Employee&#146;s Base Salary, Employee will be eligible to receive additional compensation as set forth in
Attachment&nbsp;B. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">(c) Any compensation earned pursuant to this Section&nbsp;5 shall be paid according to Employer&#146;s customary
payment practices, as may be implemented or changed by Employer from time to time. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><B>6. <U>BENEFITS. </U></B>During the Term, Employee
shall be entitled to participate in any Employer benefit plans now existing or hereafter adopted for which Employee may be eligible pursuant to established Employer policy, subject to the provisions of such plans as the same may be in effect from
time to time. Employee agrees that nothing contained in this Agreement shall prevent Employer from terminating or modifying any such benefit plan in whole or in part at any time. During the Term, Employer will reimburse Employee for the cost of
adult/child medical and dental insurance provided by Employer. Employee will be entitled to five (5)&nbsp;weeks&#146; vacation each year, or prorated for any partial year, during the Term. Vacation must be approved in advance and may not be carried
over from one year to another. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><B>7. <U>DEATH.</U></B> In the event of the death of Employee during the term of this Agreement, this
Agreement shall terminate and Employee&#146;s executor, administrator or legal representative shall be entitled only to any accrued compensation due and owing up to the date of Employee&#146;s death. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><B>8. <U>TERMINATION.</U></B> </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">(a) If, due to a physical or mental disability, including without limitation, impairment of Employee&#146;s voice, Employee becomes unable to
perform all the essential functions of the applicable job description set forth in Section&nbsp;3 above and/or the services to be provided pursuant to this Agreement, whichever is applicable, even with a reasonable accommodation of such disability,
Employer may suspend or terminate this Agreement at its sole discretion, without any further obligation to Employee under this Agreement. In the event of a suspension or termination of this Agreement pursuant to this Section, benefit plan coverage
applicable to Employee will be available to Employee to the extent provided by the terms and conditions of such plan or as required by applicable law. Whether or not Employer suspends or terminates this Agreement, Employer will have no obligation
to, but may at its option and in its sole discretion, pay Employee the pro rata share of Employee&#146;s Base Salary applicable to any portion or all of such period during which, due to any personal illness or injury, whether or not it constitutes a
disability, Employee fails to provide services or materials (if any) required to be furnished by Employee pursuant to this Agreement. Should a question arise as to Employee&#146;s ability to perform all the essential functions of his/her position
listed in this Agreement, Employee agrees to cooperate fully in assisting Employer in making a determination of whether Employee is able to perform those essential functions with or without a reasonable accommodation, including, without limitation,
having his/her treating medical provider respond to medical inquiries, and if necessary submission to a medical examination by licensed health care provider designated by Employer. Employee will also be asked to help in determining if a reasonable
accommodation can be made. Employer will give Employee notice of the action it intends to take after determining that Employee cannot perform all essential functions of the applicable job description and/or the services to be provided pursuant to
this Agreement. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">(b) Employer shall have the right to immediately terminate Employee&#146;s employment and all rights and obligations
hereunder at any time &#147;for cause&#148; upon giving written notice thereof to Employee. Termination &#147;for cause&#148; shall include, but not be limited to: </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">2 </P>


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<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">conduct which reflects adversely upon and detracts from Employee&#146;s value as Chief Financial Officer or Employer&#146;s public image or reputation; </TD></TR></TABLE>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">failure to perform according to or follow the policies and directives of Employer; </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">failure to perform the duties set forth in Section&nbsp;3 of this Agreement; </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">Employee&#146;s fraud, theft or embezzlement, </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">Employee&#146;s arrest or conviction of any felony or other crime involving moral turpitude; </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">gross or willful misconduct or negligence; </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">breach by Employee of a material term of this Agreement; </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">insubordination; </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">possession or consumption of intoxicating liquor or illegal drugs on Employer&#146;s property, or reporting to work under the influence of alcohol or intoxicating drugs; </TD></TR></TABLE>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">illegal use or possession of a controlled substance; </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">any violations of federal, state or local rules and regulations; </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">payola and or plugola; </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">unethical conduct; </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">failure to work in a harmonious manner with management or other employees; </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">failure to comply with any rules or regulations of Employer or any conduct inconsistent with the policies, procedures, or best interest of Employer; </TD></TR></TABLE>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">excessive absenteeism or tardiness; </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">Employee&#146;s failure or refusal to perform the services required of Employee under this Agreement for a period of two (2)&nbsp;or more days for reasons other than vacation, illness, accident, injury, incapacity or
authorized leave of absence. </TD></TR></TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">(c) If Employee is terminated for cause, disability or death, Employee shall be entitled to
compensation that has accrued up to the date of termination, disability or death but Employee shall not be entitled to severance or other payment whatsoever. If at any time Employee fails to perform fully any one or more of the obligations
hereunder, or in the event of breach by Employee of any representation, warranty, term, obligation or condition of this Agreement, Employer shall have the right at its sole option, in addition to the rights set forth in this Agreement an any other
right at law or in equity, to (i)&nbsp;discipline Employee, by suspension from work and/or suspension or reduction in pay or otherwise and/or (ii)&nbsp;extend the Term for a period equal to that of the non-performance </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">(d) (i) Employer may terminate this Agreement and Employee&#146;s employment at any time during the Term without cause. If Employee is
terminated &#147;without cause&#148; (&#147;Separation of Service&#148;), Employee shall be entitled to severance equal to the lesser of the Base Salary for six (6)&nbsp;months or the balance of the Term of the Agreement (&#147;Severance
Period&#148;). Employee shall not be entitled to payment of any severance if Employee becomes employed by Employer or an affiliate of Employer in any capacity within six (6)&nbsp;months of Employee&#146;s date of Separation from Service. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(ii) At Employer&#146;s option, such severance payment, net of applicable deductions, may be made in a lump sum (to the extent such payment
does not result in the imposition of an excise tax under Section&nbsp;409A of the Code) or over the Severance Period in accordance with Employer&#146;s standard payroll practices as they may exist from time to time. In order to be eligible to
receive the severance: (a)&nbsp;Employee must execute and deliver within 21 days following delivery to Employee, and not subsequently revoke, a full release (the &#147;Release&#148;) of any and all claims Employee may have against Employer, its
affiliates, and their respective officers, directors, employees, shareholders, agents and assigns (collectively &#147;Releasees&#148;), arising through the date the release is executed and a covenant not to sue the Releasees and (b)&nbsp;the
Employee must be and remain in full compliance with the obligations under Section&nbsp;10, 11, 12 13, 14 and 15 of this Agreement. Employer shall deliver the Release to Employee within 2&nbsp;days of Employee&#146;s Separation from Service.
Notwithstanding any other provision of this Agreement to the contrary, in no event shall any payments due under this Section&nbsp;8(d) be paid (i)&nbsp;before Employer&#146;s first regular payroll payment date occurring on or after the 30<SUP
STYLE="font-size:85%; vertical-align:top">th</SUP>&nbsp;day following the date of Employee&#146;s Separation from Service, or (ii)&nbsp;after the date that is 24&nbsp;months after the date of Employee&#146;s Separation from Service. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">3 </P>


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 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(iii) Employee shall be required to mitigate the amount of any severance payments made pursuant
to this Paragraph 8(d), and the amount of such payments shall be reduced by any compensation earned by Employee from any source for work performed by Employee for the same periods for which those payments are made to Employee, including, without
limitation, salary, sign-on or annual bonus compensation, consulting fees, commission payments, and car allowance. Employee agrees to advise Employer immediately and in writing of any employment for which Employee is receiving such payments and to
provide documentation thereof as requested by Employer with respect to such employment. During any period in which Employer remains liable to make severance payments to Employee hereunder, Employee shall use good faith efforts to obtain employment
commencing as soon as possible after the expiration of any obligation hereunder not to compete. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">(e) Any termination of this Agreement,
whether by expiration or otherwise as provided hereunder, shall also constitute termination of employment with Employer, unless a successor agreement is executed or employment otherwise continues as provided below. If, by the expiration date of this
Agreement, no successor agreement is executed by Employee and Employer and, at Employer&#145;s request, Employee continues to provide Employee&#146;s personal services to Employer, any such continued employment of Employee by Employer shall be
day-to-day, terminable at the will of either party for any reason. Unless otherwise expressly agreed to in writing by Employer, compensation and other terms and conditions of such day-to-day employment shall be governed solely by the terms of this
Agreement, provided however, that Employee shall not be entitled to any severance payment (pursuant to this Agreement or otherwise) upon termination of such day-to-day employment hereunder. If Employer does not request Employee to continue providing
Employee&#146;s personal services after expiration of this Agreement, and Employee has not advised Employer of Employee&#146;s intention to terminate Employee&#146;s employment with Employer upon expiration of this Agreement, Employee&#146;s
employment shall be deemed terminated by Employer. If Employer does request Employee to continue providing Employee&#146;s personal services after expiration of this Agreement, but Employee declines to provide Employee&#146;s personal services, then
Employee&#146;s employment shall be deemed terminated by Employee. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><B>9. <U>EXCLUSIVE NEGOTIATION.</U> </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">(a) <U>Notification of Offer From a Third Party:</U> Employee agrees to immediately notify Employer in writing of all offers of employment
received by Employee from any third party to perform any duties described in Section&nbsp;3 herein or to perform any services for a Business as defined in Attachment A during the Term of this Agreement. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">(b) <U>First Negotiation:</U> If Employer desires to continue to utilize Employee&#146;s services after the expiration of this Agreement,
Employer shall so notify Employee, in writing, no sooner than ninety (90)&nbsp;days prior to the expiration of the Term. Upon such written notification, for a least the following sixty (60)&nbsp;days, Employee shall negotiate in good faith
exclusively with Employer concerning continuation of Employee&#146;s services to Employer in the period following expiration of this Agreement. Nothing contained herein shall relieve Employee of Employee&#146;s non-compete and/or
right-of-first-refusal obligations under this Section&nbsp;9 and Section&nbsp;12. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">(c) <U>Right of First Refusal:</U> At any time during
the Term and for six (6)&nbsp;months after the date this Agreement expires or employment is otherwise terminated, and subject to Section&nbsp;12 hereof, Employee shall not enter into employment of, perform services for, enter into any oral or
written agreement for services, or grant or receive future rights of any kind to provide services to or from any person or entity engaged the Business within the Restricted Territory as defined in Attachment A unless Employee has first promptly
disclosed the terms thereof to Employer and offered in writing to enter into an employment agreement with Employer on terms and conditions which are at least as favorable to Employer as those of any bona fide offer which Employee has received or
option or rights </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">4 </P>


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 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">
which Employee intends to grant or accept. Employer shall have twenty (20)&nbsp;days from receipt of notice from Employee of any such offer within which to notify Employee of Employer&#146;s
election to accept said offer; however, in no event shall such twenty (20)&nbsp;day period commence prior to the expiration of this Agreement. Notice to Employer of any such offer must be in writing, set forth all details of such offer and contain
the signature of both the offeror and offeree, acknowledging the validity of the offeror&#146;s offer and the offeree&#146;s willingness to accept such offer. Employer shall be deemed to have accepted Employee&#146;s offer by acceptance of all terms
thereof reducible to a determinable amount of money. If Employer does not accept any offer of which Employee duly notifies Employer, and Employee does not enter into the employ of or provide services for the third party on the terms and conditions
set forth in said offer, the terms of this Section shall apply to any subsequent offer to or by Employee. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><B>10.
<U>ACKNOWLEDGMENTS</U></B>. Employee acknowledges that: </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">(a)</TD>
<TD ALIGN="left" VALIGN="top">The Employer is engaged in the Business as defined in Attachment A; </TD></TR></TABLE> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">(b)</TD>
<TD ALIGN="left" VALIGN="top">Employee&#146;s position is a position of trust and responsibility with the Employer and will provide Employee with access to Confidential Information and Trade Secrets as defined in Attachment A, and valuable
information concerning employees and customers of the Employer; </TD></TR></TABLE> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">(c)</TD>
<TD ALIGN="left" VALIGN="top">the Trade Secrets and Confidential Information, and the relationship between the Employer and each of its employees and customers, are valuable assets of the Employer; </TD></TR></TABLE>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">(d)</TD>
<TD ALIGN="left" VALIGN="top">The Employer&#146;s competitors would obtain an unfair advantage if Employee: (i)&nbsp;discloses Confidential Information or Trade Secrets to the Employer&#146;s competitors; (ii)&nbsp;uses Confidential Information or
Trade Secrets on behalf of any entity that competes with the Employer; or (iii)&nbsp;exploits the relationships Employee develops on behalf of the Employer during Employee&#146;s employment to solicit Customers or Employees in violation of this
Agreement; </TD></TR></TABLE> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">(e)</TD>
<TD ALIGN="left" VALIGN="top">the restrictions contained in Sections 11-14 of this Agreement are reasonable and necessary to protect the legitimate business interests of the Employer, and will not impair or infringe upon Employee&#146;s right to
work or earn a living in the event Employee&#146;s employment with the Employer ends. </TD></TR></TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><B>11. <U>TRADE SECRETS AND
CONFIDENTIAL INFORMATION.</U> </B></P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">(a)</TD>
<TD ALIGN="left" VALIGN="top">Employee agrees that Employee will not: </TD></TR></TABLE> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="8%">&nbsp;</TD>
<TD WIDTH="5%" VALIGN="top" ALIGN="left">(i)</TD>
<TD ALIGN="left" VALIGN="top">either during or after Employee&#146;s employment with the Employer, use or disclose the Trade Secrets or the Confidential Information for any purpose other than the performance of duties in the Business on behalf of
the Employer, except as authorized in writing by the Employer; </TD></TR></TABLE> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="8%">&nbsp;</TD>
<TD WIDTH="5%" VALIGN="top" ALIGN="left">(ii)</TD>
<TD ALIGN="left" VALIGN="top">during Employee&#146;s employment with the Employer, use or disclose: (a)&nbsp;any confidential information or trade secrets of any third party; or (b)&nbsp;any works of authorship developed in whole or in part by
Employee for any other party, unless authorized in writing by the third party; or </TD></TR></TABLE> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="8%">&nbsp;</TD>
<TD WIDTH="5%" VALIGN="top" ALIGN="left">(iii)</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">upon the conclusion of Employee&#146;s employment with the Employer, for any reason, retain Trade Secrets or
Confidential Information, including any copies existing in any form (including electronic form) that are in Employee&#146;s possession or control. This includes customer information on any social media account that Employee utilizes on behalf of the
</P></TD></TR></TABLE>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">5 </P>


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<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="13%">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">
Employer. Employee agrees to: (1)&nbsp;maintain the privacy settings on any social media account such that competitors cannot access customer information on said accounts; and (2)&nbsp;delete
(within three days of the close of Employee&#146;s employment with the Employer) all customer information that Employee adds to any social media accounts during the course of Employee&#146;s employment with the Employer. </TD></TR></TABLE>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="8%">&nbsp;</TD>
<TD WIDTH="5%" VALIGN="top" ALIGN="left">(b)</TD>
<TD ALIGN="left" VALIGN="top">The obligations under this Section&nbsp;11 shall remain in effect as long as the information constitutes a Trade Secret or Confidential Information under the definitions set forth in this Agreement and/or applicable
law. </TD></TR></TABLE> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="8%">&nbsp;</TD>
<TD WIDTH="5%" VALIGN="top" ALIGN="left">(c)</TD>
<TD ALIGN="left" VALIGN="top">The confidentiality, property, and proprietary rights protections available in this Agreement are in addition to, and not exclusive of, any and all other rights to which the Employer is entitled under federal and state
law, including, but not limited to, rights provided under copyright laws, trade secret and confidential information laws, and laws concerning fiduciary duties. </TD></TR></TABLE>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><B>12. <U>NON-COMPETITION</U></B>. During the Restricted Period, Employee will not, except as authorized by the Employer, perform Competitive
Tasks in the Restricted Territory. This provision shall be limited to performing such tasks on behalf of any entity engaged in the Business or otherwise in competition with the Employer. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><B>13. <U>NON-SOLICITATION OF CUSTOMERS</U>.</B> During the Restricted Period, Employee will not directly or indirectly solicit any Customer
of the Employer as defined in Attachment A for the purpose of selling or providing any products or services competitive with those offered by the Employer. Nothing in this Section shall be construed to prohibit Employee from soliciting: (a)&nbsp;a
Customer that has terminated its business relationship with the Employer (for reasons other than being solicited or encouraged by Employee to do so), or (b)&nbsp;a product line or service line competitive with one that the Employer no longer offers.
</P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><B>14. <U>NON-RECRUITMENT OF EMPLOYEES</U></B>. During the Restricted Period, Employee will not, directly or indirectly, solicit, recruit
or induce any employee to terminate his or her employment relationship with the Employer in order to work for any other person or entity engaged in the Business. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><B>15. <U>NON-DISPARAGEMENT.</U></B> During the Restricted Period, Employee shall not, in any communications with the press or other media, to
the public or to any customer, client or supplier of Employer or its affiliates, criticize, ridicule or make any statement which disparages or is derogatory of Employer, Stations, their affiliates or any of their respective directors, officers or
employees. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><B>16. <U>WORK PRODUCT</U></B>. Employee&#146;s employment duties may include inventing in areas directly or indirectly
related to the Business of the Employer or to a line of business that the Employer may reasonably be interested in pursuing. All Work Product as defined in Attachment A shall constitute work made for hire. If: (a)&nbsp;any of the Work Product may
not be considered work made for hire; or (b)&nbsp;ownership of all right, title, and interest in and to the Work Product will not vest exclusively in the Employer, then, without further consideration, Employee assigns all presently-existing Work
Product to the Employer, and agrees to assign, and automatically assign, all future Work Product to the Employer. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">The Employer will have the right to
obtain and hold in its own name copyrights, patents, design registrations and continuations thereof, proprietary database rights, trademarks, rights of publicity, and any other protection available in the Work Product. At the Employer&#146;s
request, Employee agrees to perform, during or after Employee&#146;s employment with the Employer, any acts to transfer, perfect and defend the Employer&#146;s ownership of the Work Product, including, but not limited to: (a)&nbsp;executing all
documents (including a formal assignment to the Employer) for filing an application or registration for protection of the Work Product (an &#147;Application&#148;); (b)&nbsp;explaining the nature of the Work Product to persons designated by the
Employer; (c)&nbsp;reviewing Applications and other related papers; or (d)&nbsp;providing any other assistance reasonably required for the orderly prosecution of Applications. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">6 </P>


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 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Employee agrees to provide the Employer with a written description of any Work Product in which Employee is
involved (solely or jointly with others) and the circumstances surrounding the creation of such Work Product. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><B>17. <U>RETURN OF
EMPLOYER PROPERTY/MATERIALS</U></B>. Upon the termination of Employee&#146;s employment for any reason or upon the Employer&#146;s request at any time, Employee shall immediately provide to the Employer all of the Employer&#146;s property,
including, but not limited to, any mobile/smart phone, personal digital assistant (PDA), keys, passcards, credit cards, confidential or proprietary lists (including, but not limited to, customer or vendor lists existing in any format), rolodexes,
tapes, laptop computer, software, computer files, external data device, marketing and sales materials, information relating to work done for the Employer or that Employee obtained as a result of working for the Employer (including such information
residing on Employee&#146;s personal computer, e-mail account, social media account, Cloud account, external data device, or mobile/smart phone) and any other property, record, document, or piece of equipment belonging to the Employer. Employee will
not retain any copies of the Employer&#146;s property, including any copies existing in electronic form, that are in Employee&#146;s possession, custody, or control. The obligations contained in this Section shall also apply to any property that
belongs to a third party, including, but not limited to: (a)&nbsp;any entity that is affiliated or related to the Employer; or (b)&nbsp;the Employer&#146;s customers, licensors, or suppliers. If Employee has any questions regarding Employee&#146;s
obligations to return and not to retain Employer property, then Employee is obligated to contact Employee&#146;s direct supervisor (as of the end of Employee&#146;s employment) to obtain guidance. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><B>18. <U>POST-EMPLOYMENT DISCLOSURE</U></B>. During the Restricted Period, Employee shall provide a copy of Sections 11-18 and Attachment A
of this Agreement to persons and/or entities for whom Employee works or consults as an owner, partner, joint venturer, employee or independent contractor. If, during the Restricted Period, Employee agrees to work or consult for another person or
entity as an owner, partner, joint venturer, employee or independent contractor, then Employee shall provide the Employer on or before Employee&#146;s first day of work or consultation with such person&#146;s or entity&#146;s name, the nature of
such person&#146;s or entity&#146;s business, Employee&#146;s job title, and a general description of the services Employee will provide. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><B>19. <U>COOPERATION</U></B>. Employee agrees to cooperate, to the extent and in the manner requested by the Employer and at the
Employer&#146;s expense, in the prosecution or defense of any claims, litigation (other than litigation between Employee and the Employer regardless of who initiated said litigation) or other proceeding involving any Employer property. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><B>20. <U>GENERAL PROVISIONS.</U> </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">(a) <B><U>SEVERABILITY:</U></B> The provisions of this Agreement are severable. If any provision is determined to be invalid, illegal, or
unenforceable, in whole or in part, then such provision shall be modified so as to be enforceable to the maximum extent permitted by law. If such provision cannot be modified to be enforceable, then the unenforceable element of the provision (or,
failing that, the entire provision) shall be severed from this Agreement. The remaining provisions and any partially enforceable provisions shall remain in full force and effect. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">(b) <B><U>ATTORNEYS&#146; FEES.</U></B> In the event of litigation relating to this Agreement, the prevailing party shall be entitled to
recover its attorneys&#146; fees and costs of litigation in addition to all other remedies available at law or in equity. </P> <P STYLE="font-size:12pt; margin-top:0pt; margin-bottom:0pt">&nbsp;</P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">7 </P>


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 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">(c) <B><U>ASSIGNABILITY.</U></B> This Agreement shall not be assignable by Employee. This
Agreement shall be assignable by Employer to any person or entity who succeeds to ownership of the Employer or to any licensees of the Employer. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">(d) <B><U>WAIVER.</U></B> All remedies, rights, undertakings, obligations and agreements contained in this Agreement shall be cumulative, and
none of them shall be in limitation of any other remedy, right, undertaking, obligation or agreement of either party. All remedies provided in this Agreement shall be deemed cumulative and the exercise of one shall not preclude the exercise of any
other remedy for the same event or any other event; nor shall the specification of remedies herein exclude any rights or remedies at law or in equity. The delay or failure of either party to assert or exercise any right, remedy or privilege
hereunder, with actual or constructive notice or knowledge of the breach of any representation, warranty or provisions herein, shall not constitute a waiver of any such right, remedy, privilege or breach. No waiver shall be effective unless such
waiver is in writing, and then it shall be applicable only in the specific instance for which such waiver was given. A waiver by either party of any term or condition of this Agreement in any instance shall not be deemed or construed as a waiver of
such term or condition for the future, or of any subsequent breach thereof. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">(e) <B><U>NOTICE.</U></B> Any notice, election or other
communication required or permitted to be given to a party pursuant to this Agreement shall be in writing and shall be determined to have been duly given when delivered personally, by overnight courier service or by United States Certified or
Registered Mail, return receipt requested, postage prepaid as follows: </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="92%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" ALIGN="center">


<TR>
<TD WIDTH="16%"></TD>
<TD VALIGN="bottom" WIDTH="3%"></TD>
<TD WIDTH="81%"></TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">As&nbsp;to&nbsp;EMPLOYEE:</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Marie Tedesco</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">9253 Estero River Circle</P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:10pt; font-family:Times New Roman">Estero, FL 33928</P></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" NOWRAP>As&nbsp;to&nbsp;EMPLOYER:</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Caroline Beasley</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Chief Executive Officer</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Beasley Mezzanine Holdings, LLC</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">3033 Riviera Drive, Suite 200</P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:10pt; font-family:Times New Roman">Naples, FL 34103</P></TD></TR>
</TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Either party may change his or its address for the purposes of this Section by written notice given in the
manner herein provided. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">(f) <B><U>ENTIRE AGREEMENT</U></B>. This Agreement, including Attachments A and B, which are incorporated by
reference, constitutes the entire agreement between the Parties concerning the subject matter of this Agreement. This Agreement supersedes any prior communications, agreements or understandings, whether oral or written, between the Parties relating
to the subject matter of this Agreement. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">(g) <B><U>AMENDMENTS</U></B>. Employee understands that, at any time during Employee&#146;s
employment, the Employer may request that Employee sign an amendment to this Agreement that would modify the Agreement based on changes to Employee&#146;s duties, changes in the area for which Employee has responsibility, changes in the
Employer&#146;s Business, or changes in the law regarding restrictive covenants. This Agreement may not otherwise be amended or modified except in writing signed by both Parties. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">(h) <B><U>APPLICABLE LAW AND VENUE.</U></B> This Agreement shall be governed by and construed in accordance with the laws of the State of
Florida, without reference to its choice of law rules. Employee agrees that any claim arising out of or relating to this Agreement shall be brought exclusively in the state or federal courts of competent jurisdiction for Collier County, Florida.
Employee consents to the personal jurisdiction of such courts and thereby waives: (a)&nbsp;any objection to jurisdiction or venue; or (b)&nbsp;any defense claiming lack of jurisdiction or improper venue, in any action brought in such courts.
Employee further acknowledges that Employee is executing this Agreement in the State of Florida. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">8 </P>


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 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">(i) <B><U>REMEDIES.</U></B> The Employee recognizes that the services to be rendered by Employee
hereunder are of a special, unique, and unusual character involving special talent and providing peculiar value, the loss of which cannot be adequately compensated for in damages. In the event of a breach of this Agreement by Employee, in addition
to other remedies it may have, the Employer shall be entitled to seek equitable relief by way of injunction or any other legal or equitable remedies. Resort by Employer to injunctive or other relief, however, shall not be considered a waiver of any
other rights Employer may have against Employee for damages, lost revenue, lost profit, lost earnings or otherwise. Employee agrees that Employer shall not be required to file any bond in connection with any such request for injunctive or other
equitable relief. The remedies provided in this Agreement shall be deemed cumulative and the exercise of one shall not preclude the exercise of any other remedy for the same event or any other event; nor shall the specification of remedies herein
exclude any right or remedies at law or in equity. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">(j)<B><U> CONSTRUCTION.</U></B> Each party has had an opportunity to negotiate fully
the terms of this Agreement and to consult with counsel with respect thereto. Accordingly, any rule of construction seeking to resolve any ambiguities against the drafting party shall not be applicable in the interpretation of this Agreement. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">(k) <B><U>EXTENSION OF TIME.</U></B> If Employee violates any covenant contained in this Agreement, the duration of any covenant so violated
automatically shall be extended for a period equal to the period during which Employee shall have been in violation of such covenant. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">(l)
<B><U>FORCE MAJEURE.</U></B> If the regular operations of Employer are suspended because of an act of God; act of war or terrorist action; inevitable accident; fire; lockout, strike or other labor dispute; riot or civil commotion; act of public
enemy; enactment, rule, order or act of government or governmental instrumentality (whether federal, state, local or foreign); failure of technical facilities; failure or delay of transportation facilities or other cause of similar or different
nature beyond the control of Employer, Employer may suspend the performance of services by Employee and the payment of compensation hereunder during the continuation of such suspension of operations. If any such suspension of operations shall
continue for a period of six (6)&nbsp;consecutive weeks, Employer may, by written notice, terminate this Agreement with no further liability hereunder. No such suspension of Employer&#146;s operations or Employee&#146;s services shall operate to
extend the Term. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">(m) <B><U>CONFIDENTIALITY</U></B>. The terms and conditions of this Agreement shall not be disclosed by Employee to any
other person or entity without the prior written consent of Employer; provided, however, the Employee may provide copies of and discuss the terms of this Agreement with Employee&#146;s legal advisor. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><B>(</B>n<B>) <U>COMPUTER AUTHORIZATION</U></B>. Employee agrees that Employee is not authorized to use Employer&#146;s computer system or any
of Employer&#146;s IT hardware or software for any purpose other than the performance of Employee&#146;s job duties or incidental, limited personal use that does not affect Employer or its Business in any way. This includes: (a)&nbsp;transferring
information relating to Employer&#146;s Business from Employer&#146;s system, hardware, or software to an external device or account other than as necessary in the performance of Employee&#146;s job duties; (b)&nbsp;deleting information relating to
Employer&#146;s Business from Employer&#146;s system, hardware, or software other than as necessary in the performance of Employee&#146;s job duties; or (c)&nbsp;altering information relating to Employer&#146;s Business found on Employer&#146;s
system, hardware, or software in an unauthorized manner. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">(o) <B><U>INDEPENDENT ENFORCEMENT</U></B>. Each of the covenants set forth in
Sections 11-14 of this Agreement shall be construed as covenants independent of: (a)&nbsp;any agreements other than this Agreement; or (b)&nbsp;any other covenants in this Agreement, and the existence of any claim or cause of action by Employee
against the Employer, whether predicated on this Agreement or otherwise, regardless of who was at fault and regardless of any claims that either Employee or the Employer may </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">9 </P>


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 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">
have against the other, shall not constitute a defense to the enforcement by the Employer of the covenants set forth in Sections 11-14 of this Agreement. The Employer shall not be barred from
enforcing the restrictive covenants set forth in Sections 11-14 of this Agreement by reason of any breach of: (a)&nbsp;any other part of this Agreement; or (b)&nbsp;any other agreement with Employee. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">(p) <B><U>COUNTERPARTS.</U></B> This Agreement may be executed in any number of counterparts and signed copies may be exchanged by facsimile
or e-mail, in which case each copy shall be deemed to be an original and all of which when taken together shall constitute one Agreement. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">(q) <B><U>SURVIVAL</U></B>. Sections 10, 11, 12, 13, 14, 15, 16, 17, 18, 19 and 20 and Attachment A of this Agreement shall survive
termination of this Agreement. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><B>21</B>. <B><U>SECTION 409A</U>. </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">(a) <B><U>IRS CODE SECTION 409A:</U></B> To the extent applicable, it is intended that the compensation and benefits arrangements under this
Agreement be in full compliance with Section&nbsp;409A of the Internal Revenue Code of 1986, as amended (&#147;Code Section&nbsp;409A&#148;). This Agreement shall be construed in a manner to give effect to such intention. In no event whatsoever
(including, but not limited to as a result of this Paragraph or otherwise) shall Employer or any of its affiliates be liable for any tax, interest or penalties that may be imposed on Employee by Code Section&nbsp;409A. Neither Employer nor any of
its affiliates shall have any obligation to indemnify or otherwise hold Employee harmless from any or all such taxes, interest or penalties or liability for any damages related thereto. Employee acknowledges that he or she has been advised to obtain
independent legal, tax or other counsel in connection with Code Section&nbsp;409A. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">(b) <B><U>IN-KIND BENEFITS AND
REIMBURSEMENTS</U></B><B><U>.</U></B> The parties agree that, consistent with the provisions of Code Section&nbsp;409A, the following in-kind benefit and reimbursement rules shall also apply: (i)&nbsp;the amount of in-kind benefits or reimbursements
paid under this Agreement during a calendar year will not affect the in-kind benefits or reimbursements in any other calendar year, (ii)&nbsp;Employee&#146;s right to in-kind benefits or reimbursements hereunder is not subject to liquidation or
exchange for another benefit and (iii)&nbsp;reimbursement requests must be timely submitted by the Employee and, if timely submitted, reimbursement payments shall be promptly made to the Employee following such submission, but in no event later than
December&nbsp;31st of the calendar year following the calendar year in which the expense was incurred. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">(c) <B><U>409A SEPARATION FROM
SERVICE.</U></B> Notwithstanding anything in this Agreement to the contrary, any compensation or benefits payable under this Agreement upon Employee&#146;s termination of employment shall be payable only upon Employee&#146;s &#147;separation from
service&#148; with the Employer within the meaning of Code Section&nbsp;409A (a &#147;409A Separation from Service&#148;) and, except as provided below, any such compensation or benefits shall not be paid, or, in the case of installments, shall not
commence payment, until the thirtieth (30th)&nbsp;day following Employee&#146;s 409A Separation from Service. Any installment payments that would have been made to Employee during the thirty (30)&nbsp;day period immediately following Employee&#146;s
409A Separation from Service but for the preceding sentence shall be paid to Employee on the thirtieth (30th)&nbsp;day following Employee&#146;s 409A Separation from Service and the remaining payments shall be made as provided in this Agreement.
</P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">(d) <B><U>SPECIFIED EMPLOYEE.</U></B> Notwithstanding anything to the contrary in this Agreement, if at the time of the Employee&#146;s
409A Separation from Service with the Employer, the Employee is a &#147;specified employee&#148; as defined in Code Section&nbsp;409A, as determined by the Employer in accordance with Code Section&nbsp;409A, and the deferral of the commencement of
any payments or benefits otherwise payable hereunder as a result of such 409A Separation from Service is necessary in order to prevent any accelerated or additional tax under Code Section&nbsp;409A, then the Employer will
</P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">10 </P>


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defer the commencement of the payment of any such payments or benefits hereunder (without any reduction in the payments or benefits ultimately paid or provided to the Employee) until the date
that is at least six (6)&nbsp;months following the Employee&#146;s 409A Separation from Service with the Employer (or the earliest date permitted under Code Section&nbsp;409A), whereupon the Employer will pay the Employee a lump-sum amount equal to
the cumulative amounts that would have otherwise been previously paid to the Employee under this Agreement during the period in which such payments or benefits were deferred. Thereafter, payments will resume in accordance with this Agreement. For
purposes of Code Section&nbsp;409A, the Employee&#146;s right to receive any installment payments under this Agreement, including each payment made after a 409A Separation from Service, will be considered as a right to receive a series of separate
payments. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">BALANCE OF PAGE INTENTIONALLY BLANK </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">11 </P>


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 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><B>22.<U> AFFIRMATION</U></B>. <B>Employee acknowledges that Employee has carefully read this
Agreement, Employee knows and understands its terms and conditions, and Employee has had the opportunity to ask the Employer any questions Employee may have had prior to signing this Agreement. Employee also acknowledges that Employee has had the
opportunity to consult an attorney of Employee&#146;s choice (at Employee&#146;s expense) to review this Agreement before signing it. </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">This Agreement will not be considered to be binding, nor will any modifications become effective until signed by Marie Tedesco and Caroline
Beasley. </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TR>
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<TD WIDTH="4%"></TD>
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<TD WIDTH="2%"></TD>
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<TD WIDTH="45%"></TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top" COLSPAN="3">Beasley Mezzanine Holdings, LLC</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD>
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<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #000000">/s/ Marie Tedesco</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">By:</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000">&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #000000">/s/ Caroline Beasley</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">Marie Tedesco</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">Caroline Beasley, Chief Executive Officer</TD></TR>
</TABLE>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">12 </P>


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 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>ATTACHMENT A </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>DEFINITIONS </B></P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left">A.</TD>
<TD ALIGN="left" VALIGN="top">&#147;Business&#148; means (i)&nbsp;the buying and selling of advertising on media platforms, (ii)&nbsp;radio broadcasting, (iii)&nbsp;internet streaming, (iv)&nbsp;website management and content creation and
(v)&nbsp;content creation for distribution platforms, including but not limited to social networking sites and mobile phones. </TD></TR></TABLE> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left">B.</TD>
<TD ALIGN="left" VALIGN="top">&#147;Competitive Tasks&#148; means: (i)&nbsp;the same or similar tasks that Employee performed on behalf of the Employer during Employee&#146;s last twelve (12)&nbsp;months of employment or (ii)&nbsp;any job duty that
would require the use or disclosure of Confidential Information. </TD></TR></TABLE> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left">C.</TD>
<TD ALIGN="left" VALIGN="top">&#147;Confidential Information&#148; means: </TD></TR></TABLE> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">(1)</TD>
<TD ALIGN="left" VALIGN="top">information of the Employer, to the extent not considered a Trade Secret under applicable law, that: (i)&nbsp;relates to the business of the Employer; (ii)&nbsp;possesses an element of value to the Employer;
(iii)&nbsp;is not generally known to the Employer&#146;s competitors; and (iv)&nbsp;would damage the Employer if disclosed; or </TD></TR></TABLE> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">(2)</TD>
<TD ALIGN="left" VALIGN="top">information of any third party provided to the Employer that the Employer is obligated to treat as confidential (such third party to be referred to as the &#147;Third Party&#148;), including, but not limited to,
information provided to the Employer by its licensors, suppliers, or Customers. </TD></TR></TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; margin-left:4%; font-size:10pt; font-family:Times New Roman">Subject to the foregoing general
definition, Confidential Information includes, but is not limited to: (i)&nbsp;information regarding the Employer&#146;s techniques used in the Business; (ii)&nbsp;business plans; (iii)&nbsp;pricing information, such as price lists;
(iv)&nbsp;advertising or marketing plans; (v)&nbsp;information regarding independent contractors, employees, licensors, suppliers, customers, or any Third Party, including, but not limited to, customer lists compiled by the Employer, and customer
information compiled by the Employer; and (vi)&nbsp;information concerning the Employer&#146;s financial structure or condition, the Employer&#146;s prospects or plans, its marketing and sales programs, the Employer&#146;s research and development
information, the Employer&#146;s contemplated or actual mergers and acquisitions, stock splits and divestitures, and its methods and procedures of operation. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; margin-left:4%; font-size:10pt; font-family:Times New Roman">Confidential Information shall not include any information that: (i)&nbsp;is or becomes generally available to the public other than as a
result of an unauthorized disclosure; (ii)&nbsp;has been independently developed and disclosed by others without violating this Agreement or the legal rights of any party; or (iii)&nbsp;otherwise enters the public domain through lawful means. </P>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left">D.</TD>
<TD ALIGN="left" VALIGN="top">&#147;Customer&#148; means any person or entity to whom the Employer has sold its products or services or directly solicited to sell its products or services in the last twelve (12)&nbsp;months of Employee&#146;s
employment with the Employer and: </TD></TR></TABLE> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">(1)</TD>
<TD ALIGN="left" VALIGN="top">With whom Employee dealt on behalf of the Employer in the last twelve (12)&nbsp;months of Employee&#146;s employment with the Employer; </TD></TR></TABLE>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">(2)</TD>
<TD ALIGN="left" VALIGN="top">Whose dealings with the Employer were coordinated or supervised by Employee in the last twelve (12)&nbsp;months of Employee&#146;s employment with the Employer; </TD></TR></TABLE>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">(3)</TD>
<TD ALIGN="left" VALIGN="top">About whom Employee obtained Trade Secrets or Confidential Information in the ordinary course of business in the last twelve (12)&nbsp;months of Employee&#146;s employment with the Employer and as a result of
Employee&#146;s work performed on behalf of the Employer; or </TD></TR></TABLE>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">13 </P>


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<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">(4)</TD>
<TD ALIGN="left" VALIGN="top">Who purchased products or services from the Employer, the sale or provision of which directly results or resulted in compensation, commissions, or earnings for Employee in the last twelve (12)&nbsp;months of
Employee&#146;s employment with the Employer. </TD></TR></TABLE> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left">E.</TD>
<TD ALIGN="left" VALIGN="top">&#147;Employee&#148; means any person who: (i)&nbsp;was employed by the Employer at the time Employee&#146;s employment with the Employer ended; and (ii)&nbsp;remains employed by the Employer during the Restricted
Period. </TD></TR></TABLE> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left">F.</TD>
<TD ALIGN="left" VALIGN="top">&#147;Restricted Period&#148; means the time period during Employee&#146;s employment with the Employer, and for eighteen (18)&nbsp;months after Employee&#146;s employment with the Employer ends, except for the
Non-Competition restriction in Section&nbsp;12, which shall cover the time period during Employee&#146;s employment with the Employer, and for six (6)&nbsp;months after Employee&#146;s employment with the Employer ends. </TD></TR></TABLE>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left">G.</TD>
<TD ALIGN="left" VALIGN="top">&#147;Restricted Territory&#148; means the market, as defined by Nielsen, where any of the Employer&#146;s Stations is located at which Employee provided services or about whose operations Employee&#146;s learned
Confidential Information in the last twelve (12)&nbsp;months of Employee&#146;s employment with the Employer. </TD></TR></TABLE> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left">H.</TD>
<TD ALIGN="left" VALIGN="top">&#147;Stations&#148; means radio stations owned or operated by Employer or its affiliates during Restricted Period. </TD></TR></TABLE> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left">I.</TD>
<TD ALIGN="left" VALIGN="top">&#147;Trade Secrets&#148; means the Employer&#146;s trade secrets as defined by applicable statutory or common law. </TD></TR></TABLE> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left">J.</TD>
<TD ALIGN="left" VALIGN="top">&#147;Work Product&#148; means any subject matter protected under patent, copyright, proprietary database, trademark, trade secret, rights of publicity, confidential information, or other property rights, including all
worldwide rights therein, that was conceived, created or developed in whole or in part by Employee while employed by the Employer and that either: (1)&nbsp;was created within the scope of Employee&#146;s employment; (2)&nbsp;was based on, resulted
from, or was suggested by any work performed within the scope of Employee&#146;s employment and is directly or indirectly related to the business of the Employer or a line of business that the Employer may reasonably be interested in pursuing;
(3)&nbsp;has been paid for by the Employer; or (4)&nbsp;was created or improved in whole or in part by using the Employer&#146;s time, resources, data, facilities, or equipment. This Agreement does not apply to an invention for which no equipment,
supplies, facility, or trade secret information of Employer was used and which invention was developed entirely on Employee&#146;s own time, so long as the invention does not (i)&nbsp;relate directly to the business of the Employer, (ii)&nbsp;relate
to the Employer&#146;s actual or demonstrably anticipated research or development, or (iii)&nbsp;result from any work performed by Employee for Employer. </TD></TR></TABLE>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">14 </P>


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 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>ATTACHMENT B </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B><U>BASE SALARY</U>: </B>$300,000.00. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><U><B>Bonus</B>.</U>&nbsp;Employee shall be eligible to receive an annual bonus of $120,000 for each calendar year during the Term to be determined by the
Compensation Committee of the Board to be based on criteria as set forth in the Performance Incentive Plan dated January&nbsp;1, 2012, or any successor Performance Incentive Plan approved by the Compensation Committee, such Annual Bonus to be
established by the Compensation Committee in its sole discretion. The annual bonus shall be paid in no event later than March&nbsp;15th of the calendar year following the calendar year in which such bonus is earned. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B><U>Restricted Stock Grants</U>. </B>As soon as reasonably practicable following the date hereof, subject to the approval of the Compensation Committee,
Employee shall be granted 45,000 shares of Restricted Stock pursuant to the Beasley Broadcast Group Inc. 2007 Equity Incentive Award Plan (&#147;Restricted Stock Units&#148;). Provided that the Employee remains continuously employed by Employer from
the date of grant through the applicable vesting date, one third of the Restricted Stock Units shall vest on the first anniversary of the Commencement Date, one third of the Restricted Stock Units shall vest on the second anniversary of the
Commencement Date and one third of the Restricted Stock Units shall vest on the third anniversary of the Commencement Date. The Restricted Stock Units shall be governed by the terms of a restricted stock agreement that is approved by the
Compensation Committee </P>
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