Document:

Third Confirmation of Subordination Agreements, dated as of May 8, 2006

 Exhibit 10.10 
 THIRD CONFIRMATION OF SUBORDINATION AGREEMENTS 
 THIS THIRD CONFIRMATION OF SUBORDINATION AGREEMENTS dated
as of May 8, 2006 (this “Confirmation”), is made by ALTA COMMUNICATIONS VIII, L.P., a Delaware limited partnership, ALTA-COMM VIII S BY S, LLC, a Delaware limited liability company, ALTA COMMUNICATIONS VIII-B, L.P., a Delaware
limited partnership, ALTA VIII ASSOCIATES, LLC, a Delaware limited liability company, CALIFORNIA STATE TEACHERS’ RETIREMENT SYSTEM, a component unit of the State of California organized under the California Education Code, BANCBOSTON
INVESTMENTS, INC., a Massachusetts corporation, and UNIONBANCAL EQUITIES, INC., a California corporation (collectively, the “Subordinated Creditors”) and LBI HOLDINGS I, INC. (“Holdings”), with and in favor of
CREDIT SUISSE, CAYMAN ISLANDS BRANCH, as Administrative Agent (the “Revolving Credit Administrative Agent”) for itself and for the lenders (the “Revolving Credit Lenders”) from time to time party to that certain
Amended and Restated Credit Agreement referred to below, CREDIT SUISSE, CAYMAN ISLANDS BRANCH, as Administrative Agent (the “Term Loan Administrative Agent” and, together with the Revolving Credit Administrative Agent, the
“Administrative Agents”) for itself and for the lenders (the “Term Loan Lenders” and, together with the Revolving Credit Lenders, the “Senior Lenders”) from time to time party to that certain
Amended and Restated Term Loan Agreement referred to below and CREDIT SUISSE, CAYMAN ISLANDS BRANCH, as Collateral Agent for the Senior Lenders (the “Collateral Agent”). 
 WHEREAS, LBI Media, Inc. (the “Borrower”) is a party to the Amended and Restated Credit Agreement dated as of June 11, 2004 (as
heretofore amended, restated, supplemented or otherwise modified, the “Existing Credit Agreement”) among the Borrower, the guarantors from time to time party thereto (the “Guarantors”, and collectively with the
Borrower, the “Credit Parties”), the lenders from time to time party thereto, and Credit Suisse, Cayman Islands Branch (f/k/a Credit Suisse First Boston, Cayman Islands Branch), as Administrative Agent (the “Existing
Administrative Agent”); 
 WHEREAS, in connection with the Existing Credit Agreement, the Subordinated Creditors executed and
delivered to the Existing Administrative Agent a Second Confirmation of Subordination Agreements confirming their obligations under (A) that certain Investor Subordination Agreement dated as of March 20, 2001, as amended and confirmed by
that certain Amendment and Confirmation of Subordination Agreements dated as of July 9, 2002 and as further amended and confirmed by the Second Confirmation of Subordination Agreements dated as of June 11, 2004 (the “Investor
Subordination Agreement”), and (B) that certain Subordination and Intercreditor Agreement dated as of March 20, 2001, as amended by the Holdings Amendment, as amended and confirmed by that certain Amendment and Confirmation of
Subordination Agreements dated as of July 9, 2002, as amended by the Holdings Second Amendment, as further amended and confirmed by the Second Confirmation of Subordination Agreements dated as of June 11, 2004, and as further amended by
the Holdings Third Amendment (the “Intercreditor Agreement”); 
 WHEREAS, the parties to the Existing Credit Agreement have
agreed to amend and restate the terms and conditions contained in the Existing Credit Agreement in their entirety, pursuant to the Amended and Restated Credit Agreement dated as of the date hereof (as 

 
amended, restated, supplemented or otherwise modified from time to time, the “Amended and Restated Credit Agreement”) among the Borrower,
the guarantors party thereto, the Lenders, certain other parties, and the Revolving Credit Administrative Agent; 
 WHEREAS, the parties to
the Existing Credit Agreement have agreed to convert a portion of the obligations of the Credit Parties under the Existing Credit Agreement to Term Loans (as defined in the Amended and Restated Term Loan Agreement) pursuant to the Amended and
Restated Term Loan Agreement dated as of the date hereof (as amended, restated, supplemented or otherwise modified from time to time, the “Amended and Restated Term Loan Agreement” and, together with the Amended and Restated Credit
Agreement, the “Senior Credit Agreements”); 
 WHEREAS, it is a condition to the availability of credit under the Senior
Credit Agreements that the Subordinated Creditors shall have executed and delivered to the Administrative Agents this Confirmation and confirmed the subordination of the indebtedness and other obligations of the Credit Parties (as such term is
defined in the Senior Credit Agreements) to the Subordinated Creditors; 
 NOW THEREFORE, in consideration of the willingness of the
Administrative Agents and the Senior Lenders to enter into the Senior Credit Agreements and of the Senior Lenders to agree, subject to the terms and conditions set forth therein, to make the Senior Loans and issue Letters of Credit pursuant thereto,
and for other good and valuable consideration, receipt of which is hereby acknowledged, it is hereby agreed, with the intent to be legally bound, as follows: 
 1. Amendments. 
 (a) The Investor Subordination Agreement and the Intercreditor Agreement are each
hereby amended by providing that: 
 (i) Subject to clause (b)(i) below, all references therein to the “Administrative Agent” shall
be deemed to be references to each Administrative Agent. 
 (ii) All references therein to the “Credit Agreement” shall be deemed
to be references to each Senior Credit Agreement; 
 (iii) All references therein to the “Lenders” shall be deemed to be
references to the Senior Lenders; 
 (iv) All references therein to the “Loan Documents” shall be deemed to be references to the
Senior Facilities Documents; 
 (v) All references therein to the “Senior Creditors” shall be deemed to be references to the
Administrative Agents and the Senior Lenders; and 
 (vi) All references to a “Default” or an “Event of Default” shall
be deemed to be a reference to a “Default” or an “Event of Default”, respectively, under the 

 
Amended and Restated Credit Agreement or a “Default” or an “Event of Default”, respectively, under the Amended and Restated Term Loan
Agreement. 
 (b) Amendments to the Intercreditor Agreement. 
 (i) (A) The references to the Administrative Agent in Sections 1.2, 3.3(a)(other than such reference to the Administrative Agent in the first sentence thereof and the first reference to the Administrative Agent in the
last sentence thereof, which shall be deemed to be a reference to the Collateral Agent only) and 3.3(b) shall be deemed to be references to each Administrative Agent and the Collateral Agent, (B) the references to the Administrative Agent in
Sections 3.3(d), 3.3(e), 8(a), 9, 10 and 11 shall be deemed to be references to the Collateral Agent, and (C) the reference to the Administrative Agent in the first sentence of Section 4 and the first reference to the Administrative Agent
in the last sentence of Section 4 shall be deemed to be a reference to the Collateral Agent only. 
 (ii) Section 3.3(c) of the
Intercreditor Agreement shall be amended and restated in its entirety to read as follows: 
 “(c) Each Subordinated
Creditor hereby irrevocably appoints, which appointment is irrevocable and coupled with an interest, the Collateral Agent as such Subordinated Creditor’s true and lawful attorney, with full power of substitution, in the name of such
Subordinated Creditor, the Revolving Credit Agent, the Term Loan Agent, the Senior Lenders or otherwise, for the sole use and benefit of the Collateral Agent, to the extent permitted by law, to prove and vote all claims relating to the Subordinated
Indebtedness (and, upon request by any Subordinated Creditor, the Collateral Agent shall provide to such Subordinated Creditor copies of all written materials filed with respect thereto), and to enforce all such claims and to receive and collect on
all distributions and payments to which the Subordinated Creditor would otherwise be entitled on any liquidation of any Company or any of its property or in any proceedings affecting any Company or its property under any bankruptcy or insolvency
laws or any laws or proceedings relating to the relief of any Company, readjustment, composition or extension of indebtedness of Reorganization. The Subordinated Creditors agree hereafter to promptly execute and deliver to the Collateral Agent all
such further instruments confirming the above authorization and such powers of attorney, proofs of claim, assignments of claim and other instruments as may be requested by the Collateral Agent, on behalf of the Senior Lenders, to enforce all claims
upon or in respect of the Subordinated Indebtedness.” 
 (iii) Section 3.6(c)(ii) of the Intercreditor Agreement shall be amended
and restated in its entirety to read as follows: 
 “(ii) with respect to any Event of Default caused by the failure by
the Credit Parties to comply with the provisions of Section 7.10 of the Revolving Credit Agreement for any period of time, 60 days after the Revolving Credit Agent and the Revolving Credit Lenders shall have received the financial statements
and Compliance Certificate required to be delivered in respect of such period then 

 
most recently ended pursuant to Section 6.1 of the Revolving Credit Agreement and” 
 (iv) Section 6(a)(i) of the Intercreditor Agreement shall be amended and restated in its entirety to read as follows: 
 “(i) Such Subordinated Creditor becoming aware of the occurrence of any “Event of Default” under any of the Subordinated
Agreements or any event which, upon notice or lapse of time or both, would constitute such an “Event of Default”;” 
 (c)
Amendments to the Investor Subordination Agreement. 
 (i) All references to the “Senior Creditors” in Sections 3, 4 (except for
the first reference to “Senior Creditors” therein) and 7 shall be deemed to be references to the Collateral Agent. 
 2.
Confirmation. Except to the extent specifically amended hereby and subject to paragraph 3 below, the Investor Subordination Agreement and the Intercreditor Agreement shall each remain in full force and effect and all of the terms and
provisions thereof are hereby ratified and confirmed in all respects. The Subordinated Creditors hereby acknowledge and confirm, for the benefit of the Administrative Agents, the Collateral Agent and the Senior Lenders and their respective
successors and assigns, that all Indebtedness of the Credit Parties to the Administrative Agents, the Collateral Agent and the Senior Lenders under the Senior Credit Agreements or any other Senior Facilities Documents, whether relating to principal,
interest (including, without limitation, interest that accrues after the commencement of any bankruptcy proceeding by or against any Credit Party or any of its subsidiaries and affiliates), premium and termination fees, expenses or other amounts due
from time to time under the Senior Facilities Documents, shall constitute “Senior Indebtedness” under each of the Investor Subordination Agreement and the Intercreditor Agreement. 
 3. Alta Repayment. Notwithstanding the terms of the Investor Subordination Agreement or the Intercreditor Agreement to the contrary, on or within
fifteen months after the Qualifying IPO Closing Date, Holdings may make the Alta Repayment and take any other actions contemplated thereby and the Subordinated Creditors may accept such payment and take any other actions contemplated thereby and
such payment and acceptance of payment and such actions shall not be a breach of the Investor Subordination Agreement or the Intercreditor Agreement. On the Alta Repayment Date immediately after the Alta Repayment, subject to Section 15 of the
Intercreditor Agreement, each of the Investor Subordination Agreement and the Intercreditor Agreement shall be deemed to be terminated; provided that if at any time any amount received by the Subordinated Creditors in respect of the
Subordinated Indebtedness (as defined in each of the Investor Subordination Agreement and the Intercreditor Agreement) is rescinded or must otherwise be restored or returned by any Subordinated Creditor in respect of the Subordinated Indebtedness
upon the insolvency, bankruptcy, dissolution, liquidation or reorganization of Holdings or any Credit Party or upon the appointment of any intervenor or conservator of, or trustee or similar official for, Holdings or any Credit Party or for any

 
substantial part of their properties, then the Investor Subordination Agreement and the Intercreditor Agreement shall be reinstated as though the Alta
Repayment had not been made. 
 4. Miscellaneous. Unless otherwise defined herein, all capitalized terms shall have the meanings
ascribed to them in the Amended and Restated Credit Agreement and the Amended and Restated Term Loan Agreement. This Confirmation may be executed in any number of counterparts, each of which, when delivered, shall be an original, but all
counterparts shall together constitute one instrument. Signatures sent by facsimile or as an electronic copy shall constitute originals. This Confirmation shall be governed by the laws of the State of New York and shall be binding upon and inure to
the benefit of the parties hereto and their respective successors and assigns. 

 IN WITNESS WHEREOF, the parties hereto have caused this Confirmation to be duly executed as of the date
first above written. 
  

			
	HOLDINGS I
	LBI HOLDINGS I, INC.
	a California corporation
	
	 /s/ Lenard D. Liberman

	Lenard D. Liberman
	Executive Vice President and Secretary
	
	SUBORDINATED CREDITORS:
	ALTA COMMUNICATIONS VIII, L.P.
		
	By:	 	Alta Communications VIII Managers, LLC,
		 	its General Partner
		
	By:	 	 /s/ Eileen McCarthy

	Name:	 	Eileen McCarthy, Member
	
	ALTA-COMM VIII S BY S, LLC
		
	By:	 	 /s/ Eileen McCarthy

	Name:	 	Eileen McCarthy, Member
	
	ALTA COMMUNICATIONS VIII-B, L.P.
		
	By:	 	Alta Communications VIII Managers, LLC,
		 	its General Partner
		
	By:	 	 /s/ Eileen McCarthy

	Name:	 	Eileen McCarthy, Member
	
	ALTA VIII ASSOCIATES, LLC
		
	By:	 	Alta Communications, Inc.
		
	By:	 	 /s/ Eileen McCarthy

	Name:	 	Eileen McCarthy, VP Finance

							
	 CALIFORNIA STATE TEACHERS’
 RETIREMENT SYSTEM

		
	By:	 	 /s/ Richard Rose

	Name:	 	Richard Rose
	Title:	 	Portfolio Manager
	
	BANCBOSTON INVESTMENTS INC.
		
	By:	 	 /s/ Mala D. Heymann

	Name:	 	Mala D. Heymann
	Title:	 	Managing Director
	
	UNIONBANCAL EQUITIES, INC.
				
	By:	 	 /s/ Jean-Pierre Knight
	 		 	 /s/ Kevin Sampson

	Name:	 	Jean-Pierre Knight	 		 	Kevin Sampson
	Title:	 	Vice President	 		 	Senior Vice President

 Acknowledged and agreed: 
  

			
	 CREDIT SUISSE, CAYMAN ISLANDS BRANCH,
 as Revolving Credit Administrative Agent

		
	By:	 	 /s/ William O’Daly

	Name:	 	William O’Daly
	Title:	 	Director
		
	By:	 	 /s/ Rianka Mohan

	Name:	 	Rianka Mohan
	Title:	 	Associate
	
	 CREDIT SUISSE, CAYMAN ISLANDS BRANCH,
 as Term Loan Administrative Agent

		
	By:	 	 /s/ William O’Daly

	Name:	 	William O’Daly
	Title:	 	Director
		
	By:	 	 /s/ Rianka Mohan

	Name:	 	Rianka Mohan
	Title:	 	Associate
	
	 CREDIT SUISSE, CAYMAN ISLANDS BRANCH,
 as Collateral Agent

		
	By:	 	 /s/ William O’Daly

	Name:	 	William O’Daly
	Title:	 	Director
		
	By:	 	 /s/ Rianka Mohan

	Name:	 	Rianka Mohan
	Title:	 	AssociateServrance and Mutual Release Agreement, dated as of February 8, 2007

 Exhibit 10.18 
 SEVERANCE AND MUTUAL GENERAL RELEASE AGREEMENT 
 THIS SEVERANCE AND MUTUAL GENERAL RELEASE
AGREEMENT (this “Agreement”), by and between William Speed Keenan (the “Employee”) and LBI Media, Inc, a California Corporation (“LBI Media”), includes a general release of claims executed
by the Employee as a condition for receiving severance pay as set forth herein. 
 1. Resignation of Employment: Employee
hereby voluntarily resigns from his position as Chief Financial Officer, as well as an employee of LBI Media in any capacity, effective as of January 26, 2007. LBI Media will issue a press release reasonably acceptable to Employee and LBI Media
stating that Employee departed LBI Media to pursue other opportunities and that LBI Media wishes him well. 
 2. Acknowledgement Of
Receipt Of Amounts Owed On Termination: Employee acknowledges and agrees that except as provided for in this Agreement, Employee has received all amounts owed to him by LBI media, including Employee’s regular and usual salary
(including, but not limited to, any commissions, bonuses or other wages), usual benefits, and accrued but unused vacation and personal time up through and including January 26, 2007. Employee acknowledges and agrees that Employee is not
entitled to payment of a bonus. 
 3. Severance Pay: In the event that Employee: (a) executes this Agreement; (b) is
not in breach or default of this Agreement or the surviving terms of the Employment Agreement (as defined herein); (c) has performed all obligations under this Agreement; and (d) has not revoked this Agreement, LBI Media agrees to pay
Employee severance in the lump sum amount of $62,499 less standard withholdings and authorized deductions. The parties acknowledge that Keenan has submitted a new Form W-4 intended to result in federal income tax withholding of $3,000 and California
income tax withholding of $500, and the Company agrees to honor such W-4 to the extent consistent with published tax law guidance. Such severance payment shall be made within 8 days of Employee’s execution of this Agreement by wire transfer,
but in no event prior to the lapse of the revocation period for this Agreement. For the avoidance of doubt, LBI media shall have no obligation to pay the severance payment until this Agreement becomes irrevocable by Employee. 
 4. Benefit Continuation: LBI Media will continue to cover Employee in his current health insurance option through April 30, 2007.
Employee shall have the option to continue his health insurance for 18 months thereafter, as may be required or authorized under law by the Consolidated Omnibus Budget Reconciliation Act of 1985 (“COBRA”). In the event Employee exercises
his right to so continue his health insurance, Employee will be responsible for paying COBRA premiums for the coverage period beginning no later than the first day of May 2007. 
 5. Return of Property: LBI Media represents, acknowledges and covenants that on or before February 9, 2007 (the “Return
Date”), it will return to Employee (to the extent then in possession of LBI Media) his Blue Tooth headphone and his personal files, both paper and electronic, including his Outlook contacts. Employee represents, acknowledges and covenants that
not later than the date which is five (5) days following the execution of this 

 
Agreement, he will return to LBI Media all property of LBI Media in his possession or under his control. Employee further represents, acknowledges, and
covenants that following the Return Date, he will not retain any other Company property in his possession or under his control, including hard copy or electronically stored documents, computer disks, written policies or procedures or other documents
pertaining to any past, present or known prospective clients of the Company, and that he has not given and will not have given these or similar items to any third party, except in the course and scope of his employment with Company. 
 6. Expense Reimbursement: LBI Media represents, acknowledges and covenants that it will pay to Employee any outstanding expense
reimbursements per usual LBI Media policy and Employee acknowledges that prior to his execution of this Agreement he has submitted all outstanding expense reimbursement requests. Employee represents, acknowledges and covenants that any expense
reimbursement requests submitted before the date of this agreement have been paid in full. 
 7. Release And Waiver: Employee
understands and agrees that, by signing this Agreement, Employee, on his own behalf and on behalf of his partners, descendants, dependents, heirs, executors, administrators, assigns and successors, acknowledges full and complete satisfaction of and
is releasing and discharging and promising not to sue LBI Media and its heirs, successors and assigns, subsidiaries, affiliated entities, past and present, as well as its and their trustees, directors, officers, shareholders, members, agents,
attorneys, insurers and employees, past and present, and each of them (hereinafter collectively referred to as “Releasees”), with respect to and from any and all claims, demands, liens, agreements, contracts, covenants, actions, suits,
causes of action, wages, obligations, debts, expenses, attorneys’ fees, damages, judgments, orders and liabilities of whatever kind or nature in law, equity or otherwise, whether now known or unknown, suspected or unsuspected, and whether or
not concealed or hidden, which Employee now owns or holds or has at any time heretofore owned or held as against said Releasees, or any of them, arising out of or in any way connected with his/her employment relationship with LBI Media, or
Employee’s separation from employment, or any other transactions, occurrences, acts or omissions or any loss, damage or injury whatever, known or unknown, suspected or unsuspected, resulting from any act or omission by or on the part of said
Releasees, or any of them, committed or omitted prior to the date of this Agreement, including specifically but without limiting the generality of the foregoing, any claim under Title VII of the Civil Rights Act of 1964, the Americans with
Disabilities Act, the Employee Retirement Income Security Act of 1974, the Family and Medical Leave Act, the Fair Labor Standards Act, the National Labor Relations Act, the Worker Adjustment Retraining and Notification Act, the Employee Retirement
Income Security Act, the California Fair Employment and Housing Act, the California Family Rights Act, California law regarding Relocations, Terminations, and Mass Layoffs, the California Labor Code, or any other federal, state or local law,
regulation or ordinance; provided, however, that the foregoing release shall not apply to any claim of indemnity to which Employee is entitled by law or under insurance maintained by LBI Media with respect to liability Employee may have incurred in
his capacity as an employee of LBI Media, to any claim that may not be waived by reason of applicable law or public policy nor to any obligation created under the terms of this Agreement. Without limiting the generality of the foregoing, Employee
expressly acknowledges that through this Agreement he is waiving any and all rights under his employment agreement with LBI Media, dated as of April 18, 2006 (the “Employment Agreement). 

 8. Release of Employee: Except as provided for herein, LBI Media hereby fully and forever
releases and discharges Employee from, and covenants not to sue or otherwise institute or cause to be instituted any legal or administrative proceedings against Employee with respect to, any matter arising out of or relating to Employee’s
employment, or the ending thereof, or any acts of Employee, including, without limitation, any claims and causes of action against Employee which relate to conduct occurring before and up to the date of this Agreement. The foregoing release of
Employee shall not apply to any claims, known or unknown, which arise out of facts which constitute a breach of fiduciary duty or a crime under any federal, state, or local statute, law, ordinance or regulation. 
 9. Waiver of ADEA Claims: Employee expressly acknowledges and agrees that, by entering into this Agreement, Employee is waiving any and all
rights or claims that he may have arising under the Age Discrimination in Employment Act of 1967, as amended, which have arisen on or before the date of execution of this Agreement. Employee also expressly acknowledges and agrees that: 

(a) In return for this Agreement, Employee will receive consideration, i.e., something of value, beyond that to which he was already entitled before
entering into this Agreement; 
 (b) Employee is hereby advised in writing by this Agreement to consult with an attorney before signing this
Agreement; 
 (c) When given a copy of this Agreement, Employee was informed that he had 21 days within which to consider it; 
 (d) Employee was informed that he has seven (7) days following the date he executes the Agreement in which to revoke it; and 
 (e) Nothing in this Agreement prevents or precludes Employee from challenging or seeking a determination in good faith of the validity of this waiver
under the ADEA, nor does it impose any condition precedent, penalties or costs from doing so, unless specifically authorized by federal law. 
 10. Waiver Of Civil Code Section 1542: It is the intention of the parties in signing this Agreement that it should be effective as a bar to each and every claim, demand and cause of action stated above. In furtherance of
this intention, the parties hereby expressly waive any and all rights and benefits conferred upon them by the provisions of SECTION 1542 OF THE CALIFORNIA CIVIL CODE and expressly consents that this Agreement shall be given full force and effect
according to each and all of its express terms and provisions, including those relating to unknown and unsuspected claims, demands and causes of action, if any, as well as those relating to any other claims, demands and causes of action referred to
above. SECTION 1542 provides: 
 “A GENERAL RELEASE DOES NOT EXTEND TO CLAIMS WHICH THE CREDITOR DOES NOT KNOW OR SUSPECT TO EXIST IN HIS
OR HER FAVOR AT THE TIME OF EXECUTING THE RELEASE, WHICH IF KNOWN BY HIM OR HER MUST HAVE MATERIALLY AFFECTED HIS OR HER SETTLEMENT WITH THE DEBTOR.” 

 11. Non-disparagement: Employee agrees that he will refrain from making, either orally or
in writing, disparaging statements about LBI Media, its officers, directors, employees, shareholders, or agents in any manner likely to be harmful to them or their business, business reputation, or personal reputation, and LBI Media agrees that
Lenard Liberman and Jose Liberman shall refrain from making, either orally or in writing, disparaging statements about Employee in any manner likely to be harmful to him, his business reputation, or personal reputation. This section shall not apply
to the extent Employee, Lenard Liberman or Jose Liberman is compelled to testify truthfully in a legal proceeding, including any legal proceeding between the parties to the Agreement. 
 12. Denial Of Liability: While this Agreement resolves all issues that Employee may have with LBI Media and vice versa, as well as any
future effects of any acts or omissions, it does not constitute an admission by Employee or LBI Media or any of its employees, officers or agents of any violation of any federal, state or local law, ordinance or regulation or of any violation of LBI
Media’s policies or procedures or of any liability or wrongdoing whatsoever. Neither this Agreement nor anything in this Agreement shall be construed to be, or shall be admissible in any proceeding as, evidence of liability or wrongdoing by
Employee or LBI Media or any of its employees or agents. This Agreement may be introduced, however, in any proceeding to enforce this Agreement. 
 13. Warranty Regarding Non-Assignment: The parties warrant and represent that they have not heretofore assigned or transferred to any person not a party to this Agreement any released matter or any part or portion thereof, and
that each shall defend, indemnify and hold harmless the other (and all other Releasees) from and against any claim based on or in connection with or arising out of any such assignment or transfer made, purported, or claimed. 
 14. Third-Party Beneficiaries: Employee and LBI Media expressly acknowledge that their intent is to make Releasees express third-party
beneficiaries to Paragraphs 7 through 22 of this Agreement. Employee and LBI Media agree that each and every Releasee shall be a third-party beneficiary and shall be entitled to enforce such provisions. 
 15. Integration Clause: This instrument constitutes and contains the entire agreement and final understanding concerning Employee’s
employment with LBI Media, the termination of Employee’s employment, and the other subject matters addressed herein between the parties. It is intended by the parties as a complete and exclusive statement of the terms of their agreement. It
supersedes and replaces all prior negotiations and all agreements proposed or otherwise, whether written or oral, concerning the subject matters hereof. Any representation, promise or agreement not specifically included in this Agreement shall not
be binding upon or enforceable against either party. This is a fully integrated agreement. Notwithstanding the foregoing or anything to the contrary contained in this Agreement, Sections IV, V, VII, VIII and IX of the Employment Agreement shall
continue in full force and effect as set forth therein and survive the execution of this Agreement. 

 16. Severability: If any provision of this Agreement or the application thereof is held
invalid or unenforceable, the invalidity or unenforceability shall not affect other provisions or applications of this Agreement which can be given effect without the invalid provisions or applications and to this end the provisions of this
Agreement are declared to be severable. 
 17. Choice Of Law: This Agreement shall be deemed to have been executed and
delivered within the State of California, and the rights and obligations of the parties hereunder shall be construed and enforced in accordance with, and governed by, the laws of the State of California without regard to principles of conflict of
laws, except to the extent that federal law would govern. 
 18. Non-Waiver: No waiver of any breach of any term or provision
of this Agreement shall be construed to be, nor shall be, a waiver of any other breach of this Agreement. No waiver shall be binding unless in writing and signed by the party waiving the breach. 
 19. Warranty Regarding Assistance Of Counsel: In entering this Agreement, the parties represent that they have had the opportunity to
consult with attorneys of their own choice, and that the terms of this Agreement are fully understood and voluntarily accepted by them. 
 20. Interpretation Of Agreement: Each party has cooperated in the drafting and preparation of this Agreement. Hence, in any construction to be made of this Agreement, the same shall not be construed against any party on the
basis that the party was the drafter. 
 21. Arbitration: Any controversy arising out of or relating to this Agreement, its
enforcement or interpretation, or because of an alleged breach, default, or misrepresentation in connection with any of its provisions, or any other controversy arising out of Employee’s employment with LBI Media or the termination of
Employee’s employment with LBI Media, including, but not limited to, any state or federal statutory claims, shall be submitted to arbitration in Los Angeles County, California, before a sole arbitrator selected from Judicial Arbitration and
Mediation Services, Inc., Los Angeles County, California, or its successor (“JAMS”), or if JAMS is no longer able to supply the arbitrator, such arbitrator shall be selected from the American Arbitration Association, and shall be conducted
in accordance with the provisions of California Code of Civil Procedure §§ 1280 et seq. as the exclusive forum for the resolution of such dispute; provided, however, that provisional injunctive relief may, but need not, be sought by
either party to this Agreement in a court of law while arbitration proceedings are pending, and any provisional injunctive relief granted by such court shall remain effective until the matter is finally determined by the Arbitrator. Final resolution
of any dispute through arbitration may include any remedy or relief which the Arbitrator deems just and equitable, including any and all remedies provided by applicable state or federal statutes. At the conclusion of the arbitration, the Arbitrator
shall issue a written decision that sets forth the essential findings and conclusions upon which the Arbitrator’s award or decision is based. Any award or relief granted by the Arbitrator hereunder shall be final and binding on the parties
hereto and may be enforced by any court of competent jurisdiction. The parties acknowledge and agree that they are hereby waiving any rights to trial by jury in any action, proceeding or counterclaim brought by either of the parties against the
other in connection with any matter whatsoever arising out of 

 
or in any way connected with this Agreement. The Arbitrator shall determine the allocation of associated fees and costs in accordance with applicable law.
Except as may be necessary to enter judgment upon the award or to the extent required by applicable law, all claims, defenses and proceedings (including, without limiting the generality of the foregoing, the existence of the controversy and the fact
that there is an arbitration proceeding) shall be treated in a confidential manner by the arbitrator, the parties and their counsel, and each of their agents, employees and all others acting on behalf of or in concert with them. Without limiting the
generality of the foregoing, no one shall divulge to any third party or person not directly involved in the arbitration the contents of the pleadings, papers, orders, hearings, trials, or awards in the arbitration, except as may be necessary to
enter judgment upon an award as required by applicable law. Any court proceedings relating to the arbitration hereunder, including, without limiting the generality of the foregoing, to prevent or compel arbitration or to confirm, correct, vacate or
otherwise enforce an arbitration award, shall be filed under seal with the court, to the extent permitted by law. 
 22.
Revocation: Employee may revoke this Agreement in its entirety during the seven (7) days following his execution of this Agreement. Any revocation of the Agreement must be in writing and hand delivered by messenger to the attention
of Lenard Liberman of LBI Media. This Agreement will become effective and enforceable seven (7) days following execution by Employee, unless it is revoked during the seven-day period consistent with the terms of this paragraph. 

EMPLOYEE affirms that Employee has read and understands this Agreement and has had the opportunity to consult with counsel and hereby agrees to
voluntarily sign it. Employee declares under penalty of perjury that the foregoing is true and correct. 
 IN WITNESS WHEREOF, the
parties have executed this Severance and General Release Agreement. 
 EXECUTED this 8th day of February, 2007, at Burbank,
California. 
  

			
	 EMPLOYEE:

	
	 /s/ William Speed Keenan

	William Speed Keenan
	
	LBI Media
		
	By:	 	 /s/ Lenard Liberman

	Title:	 	Executive Vice President

 ACKNOWLEDGMENT AND WAIVER 
 I, William Speed Keenan, hereby acknowledge that I was given 21 days to consider the foregoing Agreement and voluntarily chose to sign the Agreement
prior to the expiration of the 21-day period. 
 I declare under penalty of perjury under the laws of the State of California that the
foregoing is true and correct. 
 EXECUTED this 8th day of February, 2007, at Los Angeles County, California. 
  

	
	 /s/ William Speed Keenan

	 William Speed Keenan

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00120-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00120-of-00352.parquet"}]]