CLASS A CLASS A
COMMON STOCK [ENTERCOM COMMUNICATIONS CORP. GRAPHIC] COMMON STOCK
NUMBER SHARES
THIS CERTIFICATE CUSIP 293639 10 0
TRANSFERABLE IN
CHARLOTTE, NORTH CAROLINA SEE REVERSE FOR CERTAIN DEFINITIONS
OR NEW YORK, NEW YORK
ENTERCOM COMMUNICATIONS CORP.
INCORPORATED UNDER THE LAWS OF THE COMMONWEALTH OF PENNSYLVANIA
THIS CERTIFIES THAT
IS THE OWNER OF
FULLY PAID AND NON-ASSESSABLE SHARES OF CLASS A COMMON STOCK PAR VALUE OF $0.01
PER SHARE, OF
---------ENTERCOM COMMUNICATIONS CORP.---------
transferable on the books of the Corporation in person or by attorney duly
authorized in writing upon surrender of this certificate properly endorsed. This
certificate and the shares represented hereby are issued and shall be held
subject to all the provisions of the Corporation's Certificate of Incorporation
and any amendments thereof, copies of which are on file with the Transfer Agent,
to all the provisions of which the holder hereof by acceptance of this
certificate assents.
This certificate is not valid until countersigned by the Transfer Agent and
registered by the Registrar.
Witness the facsimile seal of the Corporation and the facsimile signatures of
its duly authorized officers.
Dated:
/s/ John C. Donlevie /s/ Joseph M. Field
SECRETARY CHIEF EXECUTIVE OFFICER
[ENTERCOM COMMUNICATIONS
CORP. CORPORATE SEAL]
COUNTERSIGNED AND REGISTERED:
FIRST UNION NATIONAL BANK
(Charlotte, North Carolina)
TRANSFER AGENT
AND REGISTRAR
BY
AUTHORIZED SIGNATURE
ENTERCOM COMMUNICATIONS CORP.
The Corporation will furnish to any stockholder upon request and without
charge a full statement of the powers, designations, limitations and relative,
participating, optional or other special rights of the shares of each class
authorized to be issued, the qualifications, limitations and restrictions of
such preferences and rights, the variations in the relative rights and
preferences between shares of any series of any authorized preferred class so
far as they have been fixed and determined, and the authority of the Board of
Directors to fix and determine the relative rights and preferences of subsequent
series of any such preferred class.
RESTRICTIONS ON TRANSFER AND VOTING: The Certificate of Incorporation of
the Corporation provides that, to the extent prohibited by law, (i) the
Corporation shall not issue in excess of 25% of its capital stock outstanding at
any time to or for the account of any Alien or Aliens; (ii) the Corporation
shall not permit the transfer on its books of any of its capital stock to or for
the account of any Alien if, after giving effect to such transfer, the capital
stock held by or for the account of any Alien or Aliens would exceed 25% of the
Corporation's capital stock outstanding at any time; and (iii) no Alien or
Aliens shall be entitled to vote or direct or control the vote of more than 25%
of (A) the total number of shares of capital stock of the Corporation
outstanding and entitled to vote at any time and from time to time, or (B) the
total voting power of all the shares of capital stock of the Corporation
outstanding and entitled to vote at any time and from time to time. The term
"Alien" means any person who is a citizen of a country other than the United
States; any entity organized under the laws of a government other than the
government of the United States or any state, territory or possession thereof; a
government other than the government of the United States, or any state,
territory or possession thereof; or a representative of, or an individual or
entity controlled by, any of the foregoing. The Company's Board of Directors is
authorized to take such action, including requiring redemption of shares of
Common Stock, to ensure the Company's compliance with the Alien ownership
restrictions in effect from time to time.
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The following abbreviations, when used in the inscription on the face of this
certificate, shall be construed as though they were written out in full
according to applicable laws or regulations:
TEN COM- as tenants in common
TEN ENT- as tenants by the entireties
JT TEN- as joint tenants with right
of survivorship and not as
tenants in common
UNIF GIFT MIN ACT - Custodian
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(Cust) (Minor)
Under Uniform Gifts to Minors
Act
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(State)
Additional abbreviations may also be used though not in the above list.
For value received, hereby sell, assign and transfer unto
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PLEASE INSERT SOCIAL SECURITY OR OTHER
IDENTIFYING NUMBER OF ASSIGNEE
[ ]
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PLEASE PRINT OR TYPEWRITE NAME AND ADDRESS OF ASSIGNEE
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Shares
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of the Common Stock represented by the within Certificate, and do hereby
irrevocably constitute and appoint Attorney, to
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transfer the said shares on the books of the within named corporation with full
power of substitution.
Dated,
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X
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X
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NOTICE: THE SIGNATURE(S) TO THIS
ASSIGNMENT MUST CORRESPOND WITH THE
NAME(S) AS WRITTEN UPON THE FACE OF THE
CERTIFICATE, IN EVERY PARTICULAR,
WITHOUT ALTERATION OR ENLARGEMENT OR ANY
CHANGE WHATSOEVER.
SIGNATURE(S) GUARANTEED:
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THE SIGNATURE(S) SHOULD BE GUARANTEED BY AN ELIGIBLE
GUARANTOR INSTITUTION, (BANKS, STOCKBROKERS, SAVINGS
AND LOAN ASSOCIATIONS AND CREDIT UNIONS WITH MEMBERSHIP
IN AN APPROVED SIGNATURE GUARANTEE MEDALLION PROGRAM),
PURSUANT TO S.E.C. RULE 17Ad-15.
KEEP THIS CERTIFICATE IN A SAFE PLACE. IF IT IS LOST, STOLEN OR DESTROYED THE
CORPORATION WILL REQUIRE A BOND OF INDEMNITY AS A CONDITION TO THE ISSUANCE OF
A REPLACEMENT CERTIFICATE.