Urban One enters CEO employment agreement with Alfred C. Liggins; $1.25M base salary, stock grants

URBAN ONE, INC.

Annual base salary of $1,250,000; target bonus 100% of base salary (up to 175% for superior performance).
Three annual stock option grants valued at $474,610 each (total $1.423M) and a completion bonus of 156,250 Class D shares vesting Jan 6, 2025.
TV One Award: 4.17192% of proceeds from TV One liquidity events after Company recovers its investment.
Agreement effective Jan 1, 2022; initial term through Dec 31, 2024, with automatic one-year renewals.

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