THE CORPORATE LIBRARY

Related Party Transactions and Outside Related Director Information

Beasley Broadcast Group, Inc. (BBGI)

4/21/2006 Proxy Information

George G. Beasley is the father of Bruce G. Beasley, Caroline Beasley and Brian E. Beasley. The Company leases office and studio space for three radio stations in Boca Raton, FL from Beasley Family Towers, Inc. (“BFT”), which is owned by George G. Beasley, Bruce G. Beasley, Caroline Beasley, Brian E. Beasley and other family members of George G. Beasley. The lease agreement expires on June 5, 2010. The current annual rent for this space is approximately $90,000. The Company believes that this lease agreement is on terms at least as favorable to it as could have been obtained from a third party.

The Company leases office and studio space for three radio stations in Boca Raton, FL from Beasley Family Towers, Inc. (“BFT”), which is owned by George G. Beasley, Bruce G. Beasley, Caroline Beasley, Brian E. Beasley and other family members of George G. Beasley. The lease agreement expires on June 5, 2010. The current annual rent for this space is approximately $90,000. The Company believes that this lease agreement is on terms at least as favorable to it as could have been obtained from a third party.

The Company leases land for office and studio space for nine radio stations in Augusta, GA from George G. Beasley. The lease agreement expires on November 1, 2023. The current annual rent for this land is approximately $33,000. The lease agreement was based on competitive bids from third parties and was reviewed by the Audit Committee. The Company believes that this lease agreement is on terms at least as favorable to it as could have been obtained from a third party.

From time to time, the Company leases aircraft for business trips from Beasley Aircraft Leasing, LLC, which is wholly-owned by George G. Beasley. The Company paid approximately $131,000 for these services in 2005. The lease rates are based on the operating cost incurred by Beasley Aircraft Leasing, LLC therefore the Company believes that the lease rates are on terms at least as favorable to it as could have been obtained from a third party.

Bradley C. Beasley, son of George G. Beasley is currently employed by the Company and was paid $291,315, in 2005.

The following related party transactions are based on agreements entered into prior to the Company’s initial public offering in 2000 at which time it did not have an Audit Committee. However, these agreements were evaluated by the Company’s board of directors at the time of entering the agreements and the Company believes that they are on terms at least as favorable to it as could have been obtained from a third party.

The Company leases radio towers for 19 radio stations under separate lease agreements from BFT. The lease agreements expire on December 28, 2020. The current annual rent for these towers is approximately $529,000.

The Company leases a radio tower for WCHZ-FM in Augusta, GA from Wintersrun Communications, Inc., which is owned by George G. Beasley and Brian E. Beasley. The current annual rent for this tower is approximately $25,000.

The Company leases office and studio space for five radio stations in Ft. Myers, FL from George G. Beasley. The lease agreements expire on August 31, 2009. The current annual rent for this space is approximately $124,000.

The Company leases office space for its principal executive offices in Naples, FL from Beasley Broadcasting Management Corp., which is wholly-owned by George G. Beasley. The current annual rent for this space is approximately $111,000.

In December 2000, The Company sold most of its radio towers and related real estate assets to BFT for $5.1 million in unsecured notes. As of March 31, 2005 and 2006, the aggregate outstanding balance of the notes receivable was $4.4 million and $4.2 million, respectively. The notes are due in aggregate monthly payments of approximately $38,000, including interest at 6.77%. The notes mature on December 28, 2020. For the year ended December 31, 2005, interest income on the notes receivable from BFT was approximately $294,000.