Outdoor Channel Holdings (OUTD)

NOTE 6—RELATED PARTY TRANSACTIONS

We lease our administrative facilities from Musk Ox Properties, LP, which in turn is owned by Messrs. Perry T. Massie and Thomas H. Massie, principal stockholders, directors and officers of Outdoor Channel Holdings. The lease agreement has a five-year term, expiring on December 31, 2010, with 2 five-year renewal options at our discretion. Monthly rent payments under this lease agreement were $29 with a 3% per year escalator clause. Rent expense paid to Musk Ox Properties, LP totaled approximately $90 and $87 in the three months ended March 31, 2007 and 2006, respectively. On April 24, 2007, in conjunction with the sale of the Membership Division (see Note 10-Subsequent Events), which resulted in our occupying less space, we have amended the lease with Musk Ox Properties, LP. The monthly rent is reduced to $17 per month through the end of 2007 with a 3% per year escalator thereafter.

Note 13—Related Party Transactions

We lease our administrative facilities from Musk Ox Properties, LP, which in turn is owned by Messrs. Perry T. Massie and Thomas H. Massie, principal stockholders and officers of the Company. In December 2005, the lease agreements were consolidated into one lease. The new lease agreement has a five-year term, expiring on December 31, 2010, with 2 five-year renewal options at our discretion. Monthly rental payments are $29 with a 3% per year escalator clause. Rent expense paid to Musk Ox Properties, LP totaled approximately $349, $251 and $244 in 2006, 2005 and 2004, respectively.

NOTE 7—RELATED PARTY TRANSACTIONS

We lease our administrative facilities from Musk Ox Properties, LP, which in turn is owned by Messrs. Perry T. Massie and Thomas H. Massie, principal stockholders, directors and officers of the Company. In December 2005, the lease agreements were consolidated into one lease. The new lease agreement has a five-year term, expiring on December 31, 2010, with 2 five-year renewal options at our discretion. Monthly rent payments under this new lease agreement are $29 with a 3% per year escalator clause. Rent expense paid to Musk Ox Properties, LP totaled approximately $87 and $63 in the three months ended September 30, 2006 and 2005, respectively, and approximately $262 and $189 in the nine months ended September 30, 2006 and 2005, respectively.

Note 12 – Related Party Transactions

We had an agreement with a former director, who was also one of our officers, pursuant to which a portion of the officer’s compensation, prior to 2002, had been paid in cash and the remainder was deferred. The deferred portion was payable by us in cash or shares of the common stock of the Company and/or TOC at a future date, at the election of the director. If payments were in the form of shares, such payments were to be based on the market value of the shares at the time the services were rendered. During 2003, the director/officer left us at which time he elected to receive shares as compensation. Deferred compensation under the agreement totaled $318. The Company and TOC issued 336 and 126 shares, respectively, to satisfy their obligations to the director (see Note 11). Additionally, we incurred $625 in severance costs, including related legal fees, in connection with his resignation.

We lease our administrative facilities from Musk Ox Properties, LP, which in turn is owned by Messrs. Perry T. Massie and Thomas H. Massie, principal stockholders and officers of the Company. The lease agreements required monthly rent payments aggregating to approximately $21. These lease agreements expired on December 31, 2005. Rent expense totaled approximately $251, $244 and $242 in 2005, 2004 and 2003, respectively.

In December 2005, the lease agreements were consolidated into one lease.  The new lease agreement has a five-year term, expiring on December 31, 2010, with 2 five-year renewal options at our discretion.  Monthly rental payments are $29 with a 3% per year escalator clause.

Interest expense on stockholder loans aggregated to $20 in 2003. All stockholder loans were paid by June 2003.

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NOTE 6—RELATED PARTY TRANSACTIONS

We lease our administrative facilities from Musk Ox Properties, LP, which in turn is owned by Messrs. Perry T. Massie and Thomas H. Massie, principal stockholders, directors and officers of the Company. In December 2005, the lease agreements were consolidated into one lease. The new lease agreement has a five-year term, expiring on December 31, 2010, with 2 five-year renewal options at our discretion. Monthly rent payments are $29 with a 3% per year escalator clause. Rent expense paid to Musk Ox Properties, LP totaled approximately $87 and $63 in the three months ended March 31, 2006 and 2005, respectively.

NOTE 6—RELATED PARTY TRANSACTIONS

The Company is leasing its administrative facilities from Musk Ox Properties, LP, which in turn is owned by Messrs. Perry T. Massie and Thomas H. Massie, principal stockholders and officers of the Company. The lease agreements currently require monthly rent payments aggregating approximately $21. These lease agreements expire on December 31, 2005. Rent expense paid to Musk Ox Properties, LP totaled approximately $63 and $61 in the three months ended September 30, 2005 and 2004, respectively, and approximately $189 and $183 in the nine months ended September 30, 2005 and 2004, respectively. The Company has engaged a third party to determine fair market lease rates for the facility in anticipation of renewing the lease agreements for another two-year period.

NOTE 6—RELATED PARTY TRANSACTIONS

The Company is leasing its administrative facilities from Musk Ox Properties, LP, which in turn is owned by Messrs. Perry T. Massie and Thomas H. Massie, principal stockholders and officers of the Company. The lease agreements currently require monthly rent payments aggregating approximately $21. These lease agreements expire on December 31, 2005. Rent expense paid to Musk Ox Properties, LP totaled approximately $63 and $61 in the three months ended June 30, 2005 and 2004, respectively, and approximately $126 and $122 in the six months ended June 30, 2005 and 2004, respectively.

NOTE 6—RELATED PARTY TRANSACTIONS

We lease our administrative facilities from Musk Ox Properties, LP, which in turn is owned by Messrs. Perry T. Massie and Thomas H. Massie, principal stockholders, directors and officers of the Company. In December 2005, the lease agreements were consolidated into one lease. The new lease agreement has a five-year term, expiring on December 31, 2010, with 2 five-year renewal options at our discretion. Monthly rent payments are $29 with a 3% per year escalator clause. Rent expense paid to Musk Ox Properties, LP totaled approximately $87 and $63 in the three months ended June 30, 2006 and 2005, respectively, and approximately $174 and $126 in the six months ended June 30, 2006 and 2005, respectively.

NOTE 6—RELATED PARTY TRANSACTIONS

We lease our administrative facilities from Musk Ox Properties, LP, which in turn is owned by Messrs. Perry T. Massie and Thomas H. Massie, principal stockholders, directors and officers of the Company. In December 2005, the lease agreements were consolidated into one lease. The new lease agreement has a five-year term, expiring on December 31, 2010, with 2 five-year renewal options at our discretion. Monthly rent payments are $29 with a 3% per year escalator clause. Rent expense paid to Musk Ox Properties, LP totaled approximately $87 and $63 in the three months ended June 30, 2006 and 2005, respectively, and approximately $174 and $126 in the six months ended June 30, 2006 and 2005, respectively.

NOTE 6—RELATED PARTY TRANSACTIONS

We lease our administrative facilities from Musk Ox Properties, LP, which in turn is owned by Messrs. Perry T. Massie and Thomas H. Massie, principal stockholders, directors and officers of the Company. In December 2005, the lease agreements were consolidated into one lease. The new lease agreement has a five-year term, expiring on December 31, 2010, with 2 five-year renewal options at our discretion. Monthly rent payments are $29 with a 3% per year escalator clause. Rent expense paid to Musk Ox Properties, LP totaled approximately $87 and $63 in the three months ended March 31, 2006 and 2005, respectively.

Note 12 - Related Party Transactions

We had an agreement with a former director, who was also one of our officers, pursuant to which a portion of the officer’s compensation, prior to 2002, had been paid in cash and the remainder was deferred. The deferred portion was payable by us in cash or shares of the common stock of the Company and/or TOC at a future date, at the election of the director. If payments were in the form of shares, such payments were to be based on the market value of the shares at the time the services were rendered. During 2003, the director/officer left us at which time he elected to receive shares as compensation. Deferred compensation under the agreement totaled $318. The Company and TOC issued 336 and 126 shares, respectively, to satisfy their obligations to the director (see Note 11). Additionally, we incurred $625 in severance costs, including related legal fees, in connection with his resignation.

We lease our administrative facilities from Musk Ox Properties, LP, which in turn is owned by Messrs. Perry T. Massie and Thomas H. Massie, principal stockholders and officers of the Company. The lease agreements required monthly rent payments aggregating to approximately $21. These lease agreements expired on December 31, 2005. Rent expense totaled approximately $251, $244 and $242 in 2005, 2004 and 2003, respectively.

In December 2005, the lease agreements were consolidated into one lease.  The new lease agreement has a five-year term, expiring on December 31, 2010, with 2 five-year renewal options at our discretion.  Monthly rental payments are $29 with a 3% per year escalator clause.

Interest expense on stockholder loans aggregated to $20 in 2003. All stockholder loans were paid by June 2003.

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NOTE 6—RELATED PARTY TRANSACTIONS

The Company is leasing its administrative facilities from Musk Ox Properties, LP, which in turn is owned by Messrs. Perry T. Massie and Thomas H. Massie, principal stockholders and officers of the Company. The lease agreements currently require monthly rent payments aggregating approximately $21. These lease agreements expire on December 31, 2005. Rent expense paid to Musk Ox Properties, LP totaled approximately $63 and $61 in the three months ended September 30, 2005 and 2004, respectively, and approximately $189 and $183 in the nine months ended September 30, 2005 and 2004, respectively. The Company has engaged a third party to determine fair market lease rates for the facility in anticipation of renewing the lease agreements for another two-year period.

NOTE 6—RELATED PARTY TRANSACTIONS

The Company is leasing its administrative facilities from Musk Ox Properties, LP, which in turn is owned by Messrs. Perry T. Massie and Thomas H. Massie, principal stockholders and officers of the Company. The lease agreements currently require monthly rent payments aggregating approximately $21. These lease agreements expire on December 31, 2005. Rent expense paid to Musk Ox Properties, LP totaled approximately $63 and $61 in the three months ended June 30, 2005 and 2004, respectively, and approximately $126 and $122 in the six months ended June 30, 2005 and 2004, respectively.