Debut Broadcasting Corporation, Inc. Watch

from 8-K ~5 pages This Sun Trust Collateral Letter Dated August 22, 2008 Is Entered Into by and Between Suntrust and Debut Broadcasting Mississippi, Inc. ("Borrower"). Sun Trust and Borrower Simultaneous Herewith Have Entered Into a Commercial Note and Loan Facility in the Amount of $500,000 ("The Loan") Secured by Certain Collateral Owned by Borrower. Suntrust Hereby Agrees That the Collateral Subject to the Loan Is Confined Only to the Radio Station Assets Currently or Hereafter Owned by Borrower That Relate to Borrower's Ownership, Control or Operation of Certain Radio Stations Located in and Around Greenville, Ms and Known as Wiqq-Fm, Wbaq-Fm, Wnix-Am, Wnla-Am and Wnla-Fm (The "Greenville Stations"). the Collateral Does Not Include Any Radio Station Assets Not Used in Connection With the Ownership, Control or Operation of the Greenville Stations That Borrower Presently or in the Future Owns, Controls or Operates Pursuant to a Time Brokerage Agreement Including but Not Limited to Wbbv-F M and Klsm-Fm Owned by Holladay Broadcasting of Louisiana ("Future Stations"), Sun Trust Hereby Waives Any Interest or Lien on the Future Stations and Will Provide Borrower, at Borrower's Expense, With Such Documentation as Borrower My Reasonably Request Evidencing Sun Trust 'S Waiver of Any Lien on Such Future Stations. Unless Otherwise Defined Herein, the Capitalized Terms in This Collateral Letter Shall Have the Meanings Contained in the Loan Documents. This Collateral Letter and Waiver Shall Inure to the Benefit of and Shall Be Binding Upon the Heirs, Successors and Assigns Of' the Parties Hereto. Suntrust Bank By: /S/ Robert R. Lawhon Robert R. Lawhon Senior Vice President Accepted: /S/ Steven Ludwig Steven Ludwig, CEO Debut Broadcasting Mississippi, Inc. By: /S/ Robert Marquitz Robert Marquitz Chairman & President

from 8-K 6 pages Loan Type: Revolving Master Borrowing Loan This Is an Open and Revolving Line of Credit. Borrower May Borrow an Aggregate Principal Amount Up to the Loan Amount Outstanding at Any One Time. Repayment Terms: Principal Is Due and Payable in Full on the Maturity Date, but the Borrower Shall Be Liable for Only So Much of the Loan Amount as Shall Be Equal to the Total Amount Advanced to the Borrower by Suntrust From Time to Time, Less All Payments Made by or for the Borrower and Applied by Suntrust to Principal Advances Under This Note Shall Be Recorded and Maintained by Suntrust in Its Internal Records and Such Records Shall Be Conclusive of the Principal and Interest Owed by Borrower Unless There Is a Material Error in Such Records Accrued Interest Will Be Payable on the 22nd Day of Each Month Beginning on September 22, 2008, With All Unpaid Accrued Interest Due and Payable on the Maturity Date "Maturity Date" Means August 22, 2009 or Such Date to Which This Note May Be Extended or Renewed in the Sole Discretion of Suntrust by Written Notice From Suntrust to Borrower. Interest