On September 29, 2023, Urban One, Inc. entered into a fourth waiver and amendment (the Fourth Waiver and Amendment) to the Current ABL Facility, dated as of February 19, 2021 (as amended by the Waiver and Amendment, the Amended Current ABL Facility), with the Company, the Company?s subsidiaries guarantors, Bank of America, N.A., as administrative agent (the Administrative Agent) and the lenders party thereto. The Fourth Waiver and Amendment waived certain events of default under the Current ABL Facility related to the Company?s failure to timely deliver both the Quarterly Financial Deliverables for the Quarter ended December March 31, 2023 and Quarterly Financial Deliverables for the Quarter ended June 30, 2023 as required under the Current ABL Facility.