Urban One enters new employment agreements for Hughes, Liggins, Thompson

URBAN ONE, INC.

Cathy Hughes (Chairwoman): $1M base, 281,250 restricted Class A shares + options for 93,750 Class D shares as completion bonus.
Alfred Liggins (CEO): $1.25M base, 468,750 restricted Class A shares + options for 156,250 Class D shares as completion bonus.
Peter Thompson (CFO): $650K base, $250K signing bonus, 150,000 restricted Class D shares as completion bonus, bonus target 75% of base.
All agreements effective Jan 1, 2022 through Dec 31, 2024; annual bonuses tied to exceeding 90% of budget.

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