On February 16, 2024, Gray Television, Inc. entered into a second amendment (the ?Second Amendment?) to its Fifth Amended and Restated Credit Agreement (as amended, including by the Second Amendment, the ?Credit Agreement?), dated as of December 1, 2020, by and among Gray Television, Inc., the guarantors party thereto, Wells Fargo Bank, National Association (?Wells Fargo?), as administrative agent, and the other agents and lenders party thereto. The Second Amendment, among other things, increases the aggregate commitments under the Company?s existing $500,000,000 revolving credit facility (the ?Revolving Credit Facility?) by $125,000,000, resulting in aggregate commitments under the Revolving Credit Facility of $625,000,000 and extends the maturity date of a $552,500,000 tranche of the Revolving Credit Facility to December 31, 2027 (subject to a springing maturity in certain circumstances set forth in the Second Amendment), with a remaining non-extending tranche of the Revolving Credit Facility of $72,500,000 maturing on December 1, 2026 (subject to a springing maturity in certain circumstances set forth in the Second Amendment). Except as modified by the Amendment, the existing terms of the Credit Agreement remain in effect.

The foregoing descriptions of the Amendment do not purport to be complete and are qualified in their entirety by reference to the complete text of the Amendment, a copy of which is attached hereto as Exhibit 10.1 and is incorporated by reference herein.