Document:

Exhibit 10.19

 

DATED 17 March 2005

 

 

BETWEEN

 

19 ENTERTAINMENT LIMITED

 

and

 

SIMON ROBERT FULLER

 

 

DIRECTOR’S SERVICE AGREEMENT

 

 

Baker &
McKenzie

 

 

London

Ref: MRK / CDL

 

 

THIS
AGREEMENT is made on the 17th day of March, 2005

 

B E T W
E E N:

 

(1)                                  19
ENTERTAINMENT LIMITED (company number: 1886042), a company registered in England, whose
registered office is at 33 Ransomes Dock, 35-37 Parkgate Road, London SW11 4NP
(“the Company”);

 

and

 

(2)                                  SIMON
ROBERT FULLER of
19 The Mall, East Sheen, London SW14 (“the Executive”)

 

IT IS
HEREBY AGREED as follows:-

 

1.                                      APPOINTMENT

 

The Company shall
employ the Executive and the Executive shall serve the Company as Chief
Executive Officer on and subject to the terms and conditions specified herein (“the
Employment”).

 

2.                                      COMMENCEMENT
OF EMPLOYMENT

 

2.1                                 The Employment will commence on
17 March 2005 (“the Commencement Date”) and shall continue for a period of
six years, subject always to
earlier termination under Clause 16 below.

 

2.2                                 The Executive’s period
of continuous employment began on 26 February 1985.  This includes the Executive’s employment with
the Company prior to 17 March 2005.

 

3.                                      DUTIES

 

3.1                                 The Executive shall be
employed in the post of Chief Executive Officer in which capacity he shall:

 

(a)                                  devote all his time, attention and skill to his duties hereunder, and at
all times act in the interests of the Company and its Associated Companies, and
faithfully and diligently perform such duties and exercise such powers
consistent therewith as may from time to time be assigned to or vested in him
by the Board of the Company;

 

(b)                                 have sole responsibility for the day to day management of the Company and
the business of the Company and its subsidiaries, subject to his remaining in
compliance with annual budgets as agreed or otherwise amended or limited by the
Board of the Company;

 

(c)                                  use his best endeavours to promote the interests and welfare and maintain
the goodwill of the Company and any other Associated Company to which he has
provided his services in accordance with this Agreement;

 

(d)                                 devote the whole of his time and attention and the full benefit of his
knowledge, expertise and skills to the proper performance of his duties;

 

(e)                                  report to the Board of the Company and, as required, the Board of any
parent or holding company of the Company;

 

(f)                                    use his best endeavours to maintain a good state of health;

 

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(g)                                 not engage in any hazardous or dangerous pursuits or any action which
might invalidate any insurance effected upon the Executive, the terms of which
have been notified to the Executive in writing, in connection with the
Executive’s services;

 

(h)                                 do everything in his power to maintain his present prestige and
professional standing;

 

(i)                                     ensure that all material produced by the Executive in the course of his
duties hereunder is not defamatory and is (in and so far as is applicable)
original to the Executive; and

 

(j)                                     attend all meetings of
the Board of Directors of Sports Entertainment Enterprises, Inc.(“CKX”)
and all meetings pertaining to the office of the Chairman.  The parties acknowledge, for the avoidance of
doubt, that all references to CKX under this Agreement shall, upon any merger
of CKX with and into CKX, Inc. pursuant to laws of the state of Delaware,
be construed as references to CKX, Inc.

 

3.2                                 The Executive shall obey
the reasonable and lawful orders of the Board of the Company, or the Board of
any parent or holding company of the Company, given by or with the authority of
the Board, and shall comply with all the Company’s written rules, regulations,
policies and procedures from time to time in force which do not conflict with
the terms contained herein.

 

3.3                                 The Executive may be
required in pursuance of his
duties, and without further fees or remuneration, to perform services not only
for the Company but also for any Associated Company, and to accept any office
or position in any Associated Company which is consistent with his position with the Company, as the
Board or the Company may from time to time reasonably require.  The Company may at its sole discretion loan
out the Executive’s employment to any Associated Company on the same terms and
conditions as set out herein.

 

3.4                                 With effect from the
first meeting of the Board of Directors of CKX after the Commencement Date the
Executive shall be required, subject to the approval of the shareholders of
CKX, to accept the office of Director on the Board of Directors of CKX and
position in the office of the Chairman of CKX. 
The Executive shall be required, subject to the approval of the
shareholders, to continue in the offices of Director on the Board of CKX and
position in the office of the Chairman of CKX until such time as his employment
with the Company terminates, for whatever reason, whereupon the Executive shall
be required to resign this office in accordance with clause 17 below.

 

3.5                                 The Executive’s normal
working hours are not fixed but shall be such hours as are necessary for the
proper performance of his duties
of employment.  The Executive acknowledges
that he may be required to work more than forty eight hours a week and agrees
to opt out of the maximum weekly working time for the purposes of Regulation 4
of the Working Time Regulations.

 

4.                                      EXCLUSIVITY
OF SERVICE

 

4.1                                 Subject to clause 4.2 below,
during the period of the Employment the Executive shall devote his full time and attention to his duties hereunder and shall not
(without the prior written consent of the Board) directly or indirectly either
on his own account or on behalf
of any other person, company, business entity or other organisation:

 

(a)                                  (i) engage in, or (ii) be
concerned with, or (iii) provide services to, (whether as an employee,
officer, director, agent, partner, consultant or otherwise) any other business;
or

 

(b)                                 accept any other
engagement or public office.

 

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4.2                                 Notwithstanding clause
4.1 above, during the period of the Employment the Executive may:

 

(a)                                  hold up to 5% of any
securities in a company which is quoted on any recognised Stock Exchange; and

 

(b)                                 be involved in the
companies listed in Schedule 2 provided that these companies do not
compete with any trade or business carried on by the Company, and the Executive’s
involvement with these companies does not affect his ability to perform his
duties under clause 3 of this Agreement.

 

4.3                                 The Executive will not
at any time whilst a director or employee of the Company or any of its
subsidiaries or at any time thereafter, directly or indirectly, carry on a
business in any part of Europe, whether similar to any business carried on by
the Company or any Associated Company or otherwise, under a title containing
the words “19” or “Nineteen” or “Idol” or “Idols” or any other word or words
resembling the same and he will at all times procure that any company
controlled by him and (so far as he is able) any person connected with him will
not carry on such business under such title or name.

 

4.4                                 Subject to any written
regulations issued by the Company which are applicable to him, neither the Executive nor his Immediate Relatives, nor any
company or business entity in which he
or they are interested, shall be entitled to receive or obtain directly or
indirectly any discount, rebate, commission or other benefit in respect of any
business transacted (whether or not by the Executive) by or on behalf of the
Company or any Associated Company, and if the Executive, his Immediate Relatives or any company
or business entity in which he
or they is/are interested, shall directly or indirectly obtain any such
discount, rebate, commission or other benefit the Executive shall forthwith
account to the Company or the applicable Associated Company for the amount
received or value of the benefit so obtained.

 

4.5                                 The Executive confirms
that he has disclosed fully to the
Company all circumstances in respect of which there is, or there might be, a
conflict of interest between the Company or any Associated Company, and the
Executive or his Immediate Relatives, and he agrees to disclose fully to
the Company any such circumstances which may arise during the Employment.

 

5.                                      REMUNERATION

 

5.1                                 The Company shall pay to
the Executive a base salary of £480,000 (four hundred and eighty thousand
pounds) per annum, payable monthly
in arrears by equal instalments.  The Compensation
Committee of the Board of Directors of the Company’s parent company, CKX, will
review the Executive’s salary on a periodic basis (not less frequently than
annually) without any undertaking that
the salary shall be automatically increased.

 

5.2                                 The remuneration
specified in Clause 5.1 above shall be inclusive of any fees to which the
Executive may be entitled as a Director of the Company or of any Associated
Company.

 

5.3                                 The Executive shall also
be eligible either to receive a bonus or to participate in a bonus plan as
determined by the Compensation Committee of the Board of CKX, on and subject to
the terms from time to time determined by the Committee.

 

6.                                      EXPENSES

 

The Company shall
reimburse to the Executive (against receipts or other satisfactory evidence)
all reasonable business expenses properly incurred and defrayed by him in the course of the
Employment.  The Company agrees that the
Executive shall be entitled to first class flights and first class hotel suite
accommodation, and to a mileage allowance covering the costs of petrol and
insurance in using his private car in the course of his duties of employment.

 

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7.                                      DEDUCTIONS

 

The Company shall
be entitled at any time during the Employment, or in any event on termination,
to deduct from the Executive’s remuneration hereunder any monies due from him to the Company including but not
limited to any outstanding loans, advances, the cost of repairing any damage or
loss to the Company’s property caused by him (and of recovering the same), excess holiday, and any other monies
owed by him to the Company.

 

8.                                      PLACE
OF WORK

 

The Executive’s
place of work shall be 32 Ransomes Dock, 35-37 Parkgate Road, London SW11 4NP or any such place in London as the Company shall from time to time advise him.  In the performance of his duties
hereunder, the Executive may be required to travel both throughout and outside
the United Kingdom.  It is acknowledged
by the Company that the Executive may also elect from time to time to work at
the Executive’s homes in London and France provided that this shall not
prejudice the running of the Company or the discharge of the Executive’s duties
hereunder and provided that he gives reasonable notice and remains fully
contactable during any such period.

 

9.                                      SICKNESS
BENEFITS

 

9.1                                 In case of sickness or
other incapacity for work, the Executive must comply with the Company’s rules,
from time to time in force, regarding sickness notification and doctor’s
certificates.

 

9.2                                 In the event of sickness
or other incapacity for work exceeding 30 days in aggregate in any calendar
year of absence, the Company reserves the right to require the Executive to
undergo a medical examination by a doctor or consultant nominated by it, in
which event the Company will bear the cost thereof.

 

9.3                                 Provided the Executive
has complied with the above rules, he will be entitled to receive Company Sick
Pay, based on his normal salary,
for the first 180 days in aggregate in any rolling twelve month period of absence.  Company Sick Pay will be deemed to include
any Statutory Sick Pay (“SSP”) which the Executive may be eligible to receive
under the legislation and regulations from time to time in force.  In
the event of sickness or incapacity exceeding 180 days in aggregate in any
rolling twelve month period of absence, and provided always that medical
treatment of the Executive aimed at procuring his return to work is ongoing,
the Executive shall be entitled to receive Company Sick Pay of £50,000 per
annum, payable monthly in arrears, and subject to normal deductions for tax and
National Insurance.  The Executive shall
not be entitled to receive any other payments from the Company during such
period of absence.

 

9.4                                 When calculating the
Executive’s normal salary, deductions will be made for any State sickness or
other benefits due to the Executive, as well as normal deductions for tax and
National Insurance.

 

9.5                                 If the illness, accident or other incapacity shall be, or appear to be,
caused by actionable negligence of a third party in respect of which damages
are or may be recoverable, the Executive shall immediately notify the Board of
that fact and of any claim, compromise, settlement or judgement made or awarded
in connection with it.  The Executive
shall also give to the Board all particulars the Board may reasonably require
and shall, if required by the Board, refund all or such part of the sums paid
to or for the benefit of him by way of salary, bonus or benefits during the
relevant period as the Board may reasonably determine.  The amount to be refunded shall not, however,
exceed the amount of damages or compensation and interest thereon recovered by
the Executive, less any unrecovered costs borne by him, in connection with the
recovery of such damages or compensation, and shall not exceed the total

 

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remuneration
paid to him by way of salary, bonus and benefits in respect of the period of
such illness, accident or other incapacity.

 

9.6                                 Any outstanding or
prospective entitlement to private medical insurance or long term disability
benefits shall not prevent the Company from exercising its right to terminate
the Employment in accordance with Clause 16 hereof and the Company shall not be
liable for any loss arising from such termination.

 

10.                               HOLIDAYS

 

10.1                           The
Executive shall be entitled to receive his
normal remuneration for all Bank and Public holidays normally observed in
England and a further eight weeks’
holiday in each holiday year (the period from 1 January to 31
December).  The Executive may only take
his holiday at such times as are agreed with the President or Chief Executive
Officer of CKX.

 

10.2                           In the holiday year in
which the Employment terminates the entitlement to holiday shall accrue on a
pro rata basis for each complete month of service.

 

10.3                           The Company reserves the
right, at its sole discretion, to require the Executive to take all or part of
any outstanding holiday during any notice period.

 

10.4                           Holiday entitlement for
one holiday year cannot be taken in subsequent holiday years without the prior
permission of the Board. Failure to take holiday entitlement in the appropriate
holiday year will lead to forfeiture of any accrued holiday not taken without
any right to payment in lieu thereof.

 

11.                               BENEFITS

 

11.1                           The Executive shall be
eligible to participate in any private medical insurance, life assurance or
long term disability insurance schemes established by the Company, subject to
the terms and conditions of such schemes from time to time in force.  The Company reserves the right to substitute
other scheme(s) for such scheme(s) or amend the scale of benefits of such
scheme(s) including the level of benefits. 
If any scheme provider (including but not limited to any insurance
company) refuses for any reason (whether based on its own interpretation of the
terms of the insurance policy or otherwise) to provide any benefits to the
Executive, the Company shall not be liable to provide any such benefits itself
or any compensation in lieu thereof.

 

11.2                           Any actual or
prospective loss of entitlement to long-term disability or private medical
insurance benefits shall not limit or prevent the Company from exercising its
right to terminate the Employment in accordance with Clause 16 hereof and the
Company shall not be liable for any such loss.

 

12.                               REASONABLENESS
OF RESTRICTIONS

 

The Executive
recognises that, whilst performing his
duties for the Company, he will
have access to and come into contact with trade secrets and confidential
information belonging to the Company or to Associated Companies and will obtain
personal knowledge of and may obtain influence over its or their customers
and/or employees.  The Executive
therefore agrees that the restrictions contained or referred to in Clauses 13 and 15 and Schedule 2 are reasonable
and necessary to protect the legitimate business interests of the Company and
its Associated Companies both during and after the termination of his
employment.

 

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13.                               CONFIDENTIALITY

 

13.1                           The Executive shall
neither during the Employment (except in the proper performance of his duties) nor at any time (without
limit) after the termination thereof, directly or indirectly

 

(a)                                  use for his own purposes or those of any other
person, company, business entity or other organisation whatsoever; or

 

(b)                                 disclose to any person,
company, business entity or other organisation whatsoever;

 

any trade secrets
or confidential information relating or belonging to the Company or its
Associated Companies.  “Confidential
Information” includes but is not limited to any such information relating to
clients, client lists or requirements, price lists or pricing structures, sales
and marketing information, business plans or dealings, artists, suppliers,
employees or officers, source codes and computer systems, software, inventions,
financial information and plans, designs, formulae, prototypes, product lines,
services, research activities, programme formats and ideas, recording
agreements, songwriting agreements, licensing agreements, merchandising
agreements, management agreements, presenter agreements, broadcast agreements,
production agreements, artist management agreements, distribution agreements,
record label agreements, any document marked ‘Confidential’ (or with a similar
expression), or any information which the Executive has been told is
confidential or which he might
reasonably expect the Company would regard as confidential, or any information
which has been given to the Company or any Associated Company in confidence by
customers, suppliers or other persons.

 

13.2                           The Executive shall not
at any time during the continuance of his employment with the Company make any
notes or memoranda relating to any matter within the scope of the Company’s
business, dealings or affairs otherwise than for the benefit of the Company or
any Associated Company.

 

13.3                           The obligations
contained in Clause 13.1 shall not apply to any disclosures required by law, or
to the Executive’s legal advisers on terms that they agree to maintain the
confidentiality of such information, and shall cease to apply to any
information or knowledge which may subsequently come into the public domain
other than by way of unauthorised disclosure.

 

13.4                           The Executive
acknowledges that all documents containing or referring to Confidential
Information at any time in his control or possession are and shall at all times
remain the absolute property of the Company and the Executive undertakes, both
during the Employment and after the Termination Date:

 

(a)                                  to exercise due care and
diligence to avoid any unauthorised publication, disclosure or use of
Confidential Information and any documents containing or referring to it;

 

(b)                                 at the direction of the
Board, to deliver up any Confidential Information (including all copies of all
documents whether or not lawfully made or obtained) or to delete Confidential
Information from any re-usable medium; and

 

(c)                                  to do such things and
sign such documents at the expense of the Company as shall be reasonably
necessary to provide evidence that this clause 13.4 has been complied with.

 

13.5                           The Executive agrees
that the restrictions set out in this clause 13 are without prejudice to any
other duties of confidentiality owed to the Company whether express or implied
and are to survive the termination of the Employment for any reason.

 

6

 

13.6                           The Executive shall not make or communicate any statement (whether
written or oral) to any representative of the press, television, radio, or other
media and shall not write any article for the press or otherwise for
publication on any matter connected with or relating to the business of the
Company or any Associated Company without obtaining the prior written approval
of the Board of CKX.

 

14.                               INTELLECTUAL
PROPERTY

 

14.1                           In this Clause “Intellectual
Property” means patents, utility models, trade marks, trade names, domain
names, designs, copyrights and related rights (including, without limitation,
rights in computer software), topography rights, rights in databases, know-how
and other intellectual property rights, in each case whether registered or
unregistered and including applications for the grant of any such rights and
all renewals and extensions, and all rights having equivalent or similar effect
anywhere in the world;.

 

14.2                           The Executive
acknowledges, having regard to the nature of the business of the Company and
its Associated Companies and the nature of his expertise, that:

 

(a)                                  the duties of the
Executive during the Employment may include the making, discovering, producing,
processing, developing and creating of Intellectual Property;

 

(b)                                 Intellectual Property
may reasonably be expected to result from the carrying out by the Executive of
his duties; and

 

(c)                                  due to the nature of the
Executive’s duties and the particular responsibilities arising from them, the
Executive has a special obligation to further the interests of the Company,
both within the meaning of Section 39(1)(b) of the Patents Act 1977
and otherwise.

 

14.3         The Executive shall disclose to the
Company full details of any Intellectual Property made, discovered, produced or
created by him in the course of the Employment, whether or not during normal
working hours or using office stationery or equipment belonging to the Company,
which is connected with or in any way affects or relates to the business of the
Company or any Associated Company.

 

14.4         The Executive shall do all things
and execute all documents that may reasonably be necessary to enable the
Company to obtain the benefit of any right to which it may be entitled in
respect of any Intellectual Property made or acquired by the Executive in the
course of the Employment and to secure patent or other appropriate protection
for it.

 

14.5         Without prejudice to the provisions
of clause 14.2, the Executive shall disclose to the Company full details of any
Intellectual Property made, discovered, produced or created by the Executive in
the course of his duties (whether or not during normal working hours or using
office stationery or equipment belonging to the Company) and the Executive
hereby assigns to the Company, by way of assignment of future copyright or
other Intellectual Property rights, all rights of copyright or other
Intellectual Property rights throughout the world in such copyright work or
Intellectual Property.

 

14.6         The Executive shall, before
assigning or granting rights in relation to any invention or copyright work or
other Intellectual Property created by him to which the Company is not entitled
under this Agreement and/or at law, allow the Company a reasonable opportunity
to evaluate the same, and the Executive shall not dispose of any rights to any
third party unless he has first given written notice to the Company with full,
complete and bona fide details of the price and terms offered to or by the
third party and offered the Company, or any Associated Company, an opportunity
to purchase the rights concerned at the same price and on the same terms within
28 days of the date of the notice.

 

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15.                               POST-TERMINATION
OBLIGATIONS

 

15.1                           The Executive agrees
that he will observe the
post-termination obligations set out in Schedule 1 hereto.

 

15.2                           The Executive agrees
that in the event of receiving from any person, company, business entity or
other organisation an offer of employment either during the continuance of this
Agreement or during the continuance in force of any of the restrictions set out
in Schedule 1 annexed hereto, he
will forthwith provide to such person, company, business entity or other
organisation making such an offer of employment a full and accurate copy of Clauses 13 and 14 hereof, and Schedule 1
annexed hereto.

 

16.                               TERMINATION

 

16.1                           Notwithstanding Clause 2
above, the Company may terminate the Employment in advance of expiry of the
term of this Agreement without notice, or pay in lieu of the unexpired period
of the term, if the Executive shall at any time:-

 

(a)                                  commit any act of fraud
or dishonesty, or other gross misconduct; or

 

(b)                                 after having been given
notice in writing of the Company’s intention to terminate under this
sub-clause, fails to remedy within 30 days any repeated or continued breach or
non-observance of any of the duties or any of the express obligations specified
in such notice; or

 

(c)                                  become bankrupt, apply
for or have made against him a receiving order under Section 286
Insolvency Act 1986, or have any order made against him to reach a voluntary
arrangement as defined by Section 253 of that Act; or

 

(d)                                 resign as a director of
the Company or any Associated Company (without the written consent of the Board
of the Company or the Associated Company concerned); or

 

(e)                                  be or become of unsound
mind; or

 

(f)                                    for an aggregate period
of 180 days or more in any period of 12
consecutive months be incapable of performing his duties hereunder by
reason of ill health or other incapacity (whether accidental or otherwise); or

 

(g)                                 be convicted of a
criminal offence punishable by a term of imprisonment (excluding an offence
under road traffic legislation in respect of which he is not sentenced to a
term of imprisonment); or

 

(h)                                 be or become prohibited
by law from being a director; or

 

(i)                                     directly or indirectly
advise or participate or act in concert with any person who makes or is
considering making any offer for the issued share capital of the Company or any
Associated Company including, for the avoidance of doubt, CKX.

 

Any reasonable
delay by the Company in exercising such right to termination shall not
constitute a waiver thereof.

 

16.2                           Subject to earlier
termination pursuant to the terms of this Agreement, the Executive’s Employment
shall be deemed to have terminated automatically and by mutual consent on the
date of the Executive’s 65th
birthday.  For the avoidance of doubt, if
the Executive’s Employment terminates pursuant to this Clause 16.2, the Company
shall pay the Executive’s remuneration and benefits up to and including the
date of his 65th birthday and
thereafter no amounts shall be due and owing from the Company to the Executive.

 

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16.3         On termination of the Employment,
the Executive shall forthwith return to the Company in accordance with its
instructions all equipment, correspondence, records, specifications, software,
models, notes, reports and other documents and any copies thereof and any other
property belonging to the Company or its Associated Companies (including but
not limited to keys, credit cards, equipment and passes) which are in his possession or under his control.  The Executive shall, if so required by the
Company, confirm in writing his compliance with his obligations under
this Clause 16.3.

 

16.4         The Company shall have the right to
suspend the Executive on full pay for a period not exceeding three months
pending any investigation into any potential dishonesty or gross misconduct
which may give rise to a right to the Company to terminate pursuant to Clause
16.1 above.

 

16.5         The termination of the Employment
shall be without prejudice to any right the Company may have in respect of any
breach by the Executive of any of the provisions of this Agreement which may
have occurred prior to such termination.

 

16.6         The Executive agrees that he will not at any time after the termination
of the Employment represent himself as still having any connection with
the Company or any Associated Company, save as a former employee for the
purpose of communicating with prospective employers or complying with any
applicable statutory requirements.

 

17.                               DIRECTORSHIPS

 

17.1         The Executive shall forthwith resign
in writing from all directorships, trusteeships and other offices he may hold from time to time with the
Company or any Associated Company without compensation for loss of office in
the event of:-

 

(a)                                  the termination of his employment; or

 

(b)                                 either the Company or
the Executive serving on the other notice of termination of the Employment.

 

17.2         In the event of the Executive
failing to comply with his obligations under Clause 17.1 above, he hereby
irrevocably and unconditionally authorises the Company to appoint some person
in his name and on his behalf to sign or execute any documents and/or do all
things necessary or requisite to give effect to such resignations as referred
to in Clause 17.1 above.

 

18.                               LIQUIDATION
FOR RECONSTRUCTION OR AMALGAMATION

 

The Executive
shall have no claim against the Company if the Employment is terminated by
reason of the liquidation of the Company for the purposes of amalgamation or
reconstruction provided that he
is offered employment with any concern or undertaking resulting from such
amalgamation or reconstruction on terms and conditions which, taken as a whole,
are not substantially less favourable than the terms of this Agreement.

 

19.                               GRIEVANCE
AND DISCIPLINARY PROCEDURES

 

If the Executive
has any grievance relating to the Employment, he should raise it with the Chief Executive Officer of CKX and
thereafter (if the matter is not resolved) with the Board. In such a case the
Board will deal with the matter by discussion and majority decision of those
present and voting (but without the Executive being entitled to vote on that
issue).  There is no disciplinary procedure applicable to the Executive.

 

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20.                               SEVERABILITY

 

The various
provisions and sub-provisions of this Agreement and the Schedules attached hereto are severable and if
any provision or sub-provision is held to be unenforceable by any court of
competent jurisdiction then such unenforceability shall not affect the
enforceability of the remaining provisions or sub-provisions in this Agreement
or Schedules.

 

21.                               WARRANTIES

 

21.1                           The Executive represents
and warrants that he is not prevented by any agreement, arrangement, contract,
understanding, Court Order or otherwise, which in any way directly or
indirectly restricts or prohibits him from fully performing the duties of the
Employment, or any of them, in accordance with the terms and conditions of this
Agreement.

 

21.2         The Executive represents and
warrants that he has the full right to convey the rights granted hereunder to
the Company.  The Executive agrees to
indemnify and hold the Company harmless from any and all claims, losses,
damages or expenses sustained in consequence of a breach of this warranty
PROVIDED THAT this indemnity shall be limited to payments made pursuant to a
court order or a settlement made with the Executive’s prior written consent
(not to be unreasonably withheld).

 

21.3                           The Executive represents
and warrants that, as at the date of this Agreement:

 

(a)                                  he has not brought any
claims against the Company or any Associated Company, or its or their
respective officers, employees or shareholders, including but not limited to
contractual claims, breach of contract, tort and Statutory Employment
Protection Claims which could be brought in an Employment Tribunal, in any
jurisdiction anywhere in the world; and

 

(b)                                 he is not aware of any
facts or matters that may entitle him to bring a claim, whether under statute,
common law or otherwise, in any jurisdiction in the world, howsoever arising,
including but not limited to contractual claims, breach of contract, tort and
Statutory Employment Protection Claims which could be brought in an Employment
Tribunal, against the Company or any Associated Company, its or their officers,
employees or shareholders.

 

21.4                           For the purposes of this
clause, “Statutory Employment Protection Claim” means any claim under the
Employment Rights Act 1996 (as amended), Sex Discrimination Act 1975 (as
amended), Equal Pay Act 1970 (as amended), Race Relations Act 1976, Disability
Discrimination Act 1995 (as amended), Transfer of Undertakings (Protection of
Employment) Regulations 1981 (as amended), Working Time Regulations 1998 (as
amended), Employment Relations Act 1999, Art.141 of the EC Treaty, Equal Pay
Directive No 75/117, other EU Directives, Trade Union & Labour
Relations (Consolidation) Act 1992 (as amended), National Minimum Wage Act
1998, Public Interest Disclosure Act 1998, Data Protection Act 1998, Part-Time
Workers (Prevention of Less Favourable Treatment) Regulations 2000, Fixed-Term
Employees (Prevention of Less Favourable Treatment) Regulations 2002,
Employment Act 2002, Employment Equality (Religion or Belief) Regulations 2003
and Employment Equality (Sexual Orientation) Regulations 2003.

 

22.                               NOTICES

 

22.1                           Any notice to be given
hereunder may be delivered (a) in the case of the Company by first class
post addressed to its Registered Office for the time being and (b) in the
case of the Executive, either to him
personally or by first class post to his last known address.

 

10

 

22.2                           Notices served by post
shall be deemed served on the second business
day after the date of posting.  For the
purposes of this Clause, “business day” means a day on which banks are open for
business in the place of both the posting and the address of the notice.

 

23.                               DEFINITIONS

 

In this Agreement
the following words and cognate expressions shall have the meanings set out
below:-

 

23.1                           an “Associated Company”
includes any firm, company, corporation or other organisation :-

 

(a)                                  which is directly or
indirectly controlled by the Company; or

 

(b)                                 which directly or
indirectly controls the Company; or

 

(c)                                  which is directly or
indirectly controlled by a third party who also directly or indirectly controls
the Company; or

 

(d)                                 of which the Company or
any other Associated Company owns or has a beneficial interest in 20% or more
of the issued share capital or 20% or more of its capital assets; or

 

(e)                                  which is the successor
in title or assign of the firms, companies, corporations or other organisations
referred to above.

 

23.2                           “The Board” shall mean
the Board of Directors of the Company (or, if the context requires, an
Associated Company).

 

23.3                           “Control” has the
meaning ascribed by Section 416 Taxes Act 1988 (as amended).

 

23.4                           “Day to day management”
shall mean authority to conduct, supervise and oversee all aspects of day to
day activities including (without limitation):-

 

(a)                                  taking or approving
creative decisions;

 

(b)                                 the right to employ or
engage and dismiss or terminate employees and contractors;

 

(c)                                  contract negotiations;

 

(d)                                 financial decisions
(within any budget or business plan approved by the Board); and

 

(e)                                  determine identity of
third party suppliers and advisers

 

23.5                           “Immediate Relatives”
shall include husband, wife, common law spouse, children, brothers, sisters,
cousins, aunts, uncles, parents, grandparents, and the aforesaid relatives by
marriage.

 

23.6                           “Termination Date” shall
mean the date upon which the Executive’s employment with the Company
terminates.

 

24.                               CONSTRUCTION

 

24.1         The provisions of Schedules 1 and 2 hereto and any additional
terms endorsed in writing by or on behalf of the parties hereto shall be read
and construed as part of this Agreement and shall be enforceable accordingly.

 

24.2         The benefit of each agreement and
obligation of the Executive under Clause 13 and Schedule 1 hereto of this
Agreement may be assigned to and enforced by all successors and assigns for

 

11

 

the time being of the Company and its
Associated Companies and such
agreements and obligations shall operate and remain binding notwithstanding the
termination of this Agreement.

 

25.                               PRIOR
AGREEMENTS

 

This Agreement
cancels and is in substitution for all previous letters of engagement,
agreements and arrangements (whether oral or in writing) relating to the
subject-matter hereof between the Company and the Executive, including but not
limited to the Director’s Service Agreement dated 15 September 2001, all
of which shall be deemed to have been terminated by mutual consent.  This Agreement constitutes the entire
terms and conditions of the Executive’s employment and no waiver or
modification thereof shall be valid unless in writing, signed by the parties
and only to the extent therein set forth.

 

26.                               GOVERNING
LAW AND JURISDICTION

 

This Agreement is
governed by and construed in accordance with the laws of England.  The parties hereto submit to the exclusive
jurisdiction of the English Courts.

 

IN
WITNESS
whereof the parties hereto have executed this Agreement as a Deed the day and
year first above written.

 

	
  SIGNED AS A DEED by

  	
  }

  	
   

  
	
   

  	
   

  	
   

  
	
  19
  ENTERTAINMENT LTD

  	
  }

  	
  /s/ Howard Tytel

  	
   

  
	
   

  	
   

  	
   

  
	
  acting by Howard
  Tytel

  	
  )

  	
   

  
	
   

  	
   

  	
   

  
	
  and Thomas
  Benson

  	
  }

  	
  /s/ Thomas
  Benson

  	
   

  

 

 

	
  SIGNED AS A DEED
  and

  	
  }

  	
   

  
	
   

  	
   

  	
   

  
	
  DELIVERED AS A DEED

  	
  }

  	
   

  
	
   

  	
   

  	
   

  
	
  by SIMON FULLER in

  	
  }

  	
   

  
	
   

  	
   

  	
   

  
	
  the presence of

  	
  }

  	
  /s/ Simon Fuller

  	
   

  

 

 

	
  Witness’
  Name

  	
  J.
  Brannigan

  
	
   

  	
   

  
	
  Address

  	
  18C
  Roseleigh Ave,

  
	
   

  	
  London
  N5 1SP

  
	
   

  	
   

  
	
  Occupation

  	
  Solicitor

  
	
   

  	
   

  
	
   

  	
   

  
	
  Signature

  	
  /s/
  J. Brannigan

  	
   

  

 

12

 

SCHEDULE 1

 

1.                                      Non-Competition

 

The Executive
hereby agrees that he shall not,
without the consent in writing of the Board for the Relevant Period within the Prohibited Area and whether on his
own behalf or in conjunction with or on behalf of any other person, firm,
company or other organisation, and whether as an employee, director, principal,
agent, consultant or in any other capacity whatsoever, in competition with the
Company be directly or indirectly (i) employed or engaged in, or (ii) perform
services in respect of:-

 

1.1                                 the discovery,
development and / or management of talent, and the operation of talent
management agencies;

 

1.2                                 the development of
television and film formats and ideas and / or television and film production;

 

1.3                                 the operation of
independent record labels;

 

1.4                                 any licensing or
sponsorship which is the same or of similar type to that carried on by the
Company;

 

1.5                                 any other business which
is the same or similar to any business of the Company carried on during the twelve months immediately preceding
the Termination Date;

 

1.6                                 the development or
provision of any other services which are of the same or similar type to any
services provided by the Company during the twelve months immediately preceding the Termination Date;

 

PROVIDED ALWAYS
that the provisions of this paragraph 1 shall apply only in respect of
businesses or services with which the Executive was either personally concerned
or for which he was responsible
on behalf of the Company during the twelve
months immediately preceding the Termination Date.

 

2.                                      Non-Solicitation of Artists

 

The Executive
hereby agrees that he shall not for the
Relevant Period whether on his own behalf or in conjunction with or on
behalf of any person, company, business entity or other organisation, and
whether as an employee, director, principal, agent, consultant or in any other
capacity whatsoever, directly or indirectly (i) solicit or, (ii) assist
in soliciting, or (iii) accept, or (iv) facilitate the acceptance of,
or (v) deal with, in competition with the Company, the custom or business
of any Artist or Prospective Artist:-

 

2.1                                 with whom the Executive
has had material contact or dealings on behalf of the Company during the twelve months immediately preceding the Termination
Date; or

 

2.2                                 for whom the Executive was, in a management capacity on behalf of the
Company, directly responsible during the twelve months immediately preceding the
Termination Date.

 

3.                                      Non-Solicitation of Employees

 

The Executive
hereby agrees that he will not for the
Relevant Period either on his own behalf or in conjunction with or on
behalf of any other person, company, business entity, or other organisation
(and whether as an employee, principal, agent, consultant or in any other
capacity whatsoever), directly or indirectly:-

 

13

 

3.1                                 (i) induce, or (ii) solicit,
or (iii) entice or (iv) procure, any person who is a Key Employee to
leave the Company’s or any Associated Company’s employment (as applicable);

 

3.2                                 be personally involved
to a material extent in (i) accepting into employment or (ii) otherwise
engaging or using the services of, any person who is a Key Employee.

 

4.                                      Associated Companies

 

4.1                                 The provisions of
paragraphs 4.2 and 4.3 below shall only apply in respect of those Associated
Companies (i) to whom the Executive gave his services, or (ii) for whom he was responsible, or (iii) with
whom he was otherwise concerned, in the twelve months immediately preceding the Termination Date.

 

4.2                                 Paragraphs 1, 2, 3, 4
and 6 in this Schedule 2
shall apply as though references to the “Associated Company” were substituted
for references to the “Company”.  The
obligations undertaken by the Executive pursuant to this Schedule 2 shall, with respect to each
Associated Company, constitute a separate and distinct covenant and the
invalidity or unenforceability of any such covenant shall not affect the
validity or enforceability of the covenants in favour of the Company or any
other Associated Company.

 

4.3                                 In relation to each
Associated Company referred to in paragraphs 4.1 and 4.2 above, the Company
contracts as trustee and agent for the benefit of each such Associated Company.
The Executive agrees that, if required to do so by the Company, he will enter into covenants in the
same terms as those set out in paragraphs 1, 2, 3, 4 and 6 hereof directly with
all or any of such Associated Companies, mutatis mutandis. If the Executive
fails, within 7 days of receiving such a request from the Company, to sign the necessary
documents to give effect to the foregoing, the Company shall be entitled, and
is hereby irrevocably and unconditionally authorised by the Executive, to
execute all such documents as are required to give effect to the foregoing, on his behalf.

 

5.                                      Definitions

 

For the purposes
of this Schedule 1, the following words and cognate expressions shall have
the meanings set out below:

 

5.1                                 “Artist” means any
recording artist, songwriter, producer, TV presenter or other person who, at
any time during the period of twelve months ending on the Termination Date, was
managed by or party to or the subject of a recording agreement, songwriting
agreement, licence agreement, merchandising agreement, management agreement or
a presenter agreement with the Company or any Associated Company and with whom
the Executive had contact during the period of twelve months ending on the date
of termination of the employment;

 

5.2                                 “Associated Company”, “Board”,
and “Company” shall have the meanings set out in the Agreement attached hereto,
and shall include their successors in title and assigns (as applicable).

 

5.3                                 “Key Employee” means any
person who was employed by (i) the Company or (ii) any Associated
Company, for at least 3 months prior to and on the Termination Date and

 

(a)                                  with whom the Executive
had material contact or dealings in performing his duties of his employment;
and

 

(b)                                 who had material contact
with Artists in performing his or her duties of employment with the Company or
any Associated Company (as applicable); or

 

14

 

(c)                                  who was a member of the
management team of the Company or any Associated Company (as applicable).

 

5.4                                 “Prohibited Area” means
anywhere in Europe or North America;

 

5.5                                 “Prospective Artist”
shall mean any person with whom the Company or any Associated Company has had
any negotiations or material discussions regarding the possibility of entering
into a recording agreement, songwriting agreement, licence agreement,
merchandising agreement, management agreement or presenter agreement with the
Company or an Associated Company.

 

5.6                                 The “Relevant Period” shall mean the lesser of:-

 

(a)                                  the twelve months immediately following the Termination Date;

 

(b)                                 six years after the Commencement Date.

 

5.7                                 “Commencement Date”
shall have the meaning set out in Clause 2.1 of the Agreement.

 

5.8                                 “Termination Date” shall
have the meaning set out in Clause 23 of the Agreement.

 

15Exhibit 10.20

 

CONFIDENTIALITY, NON-COMPETITION, NON-SOLICITATION, 

AND NON-RECRUITMENT AGREEMENT

 

THIS AGREEMENT (this “Agreement”)
is made and entered into as of March 17, 2005, by and between Simon Robert Fuller, an individual (in his
individual capacity, “Mr. Fuller”,
and together with his controlled affiliates, “Fuller”)
and Sports Entertainment Enterprises, Inc.,
a Colorado corporation, CKX UK Holdings
Limited, and their successor CKX, Inc. (collectively, together
with their affiliates, subsidiaries, successors, assigns, and holding
companies, the “CKX Group”).

 

WHEREAS, contemporaneously with the execution of this Agreement, the
CKX Group has acquired all of the issued share capital in 19 ENTERTAINMENT
LIMITED (together with its subsidiaries, the “Company”),
from Mr. Fuller and the other shareholders of 19 ENTERTAINMENT LIMITED
(the “Sellers”), pursuant to the Stock
Purchase Agreement, dated March 17, 2005, for the sale and purchase of the
entire issued share capital of 19 Entertainment Limited, as in effect on the
date hereof (the “Stock Purchase Agreement”)
by and among the CKX Group, the Company, and the Sellers; 

 

WHEREAS, as [position/title]
of the Company, Mr. Fuller had access to and developed confidential
information about the Company, developed and maintained relationships with its
clients, talent, producers, designers, programmers, distributors,
merchandisers, advertisers, and employees, and participated in and was
responsible for the programming, merchandising and marketing of the Company’s
products and services, including its entertainment programs and events; 

 

WHEREAS, Mr. Fuller acknowledges and agrees that the CKX Group has
no obligations currently to purchase the Sellers’ issued share capital in the
Company and that CKX Group is doing so in order to secure Mr. Fuller’s
assent to this Agreement; 

 

WHEREAS, Mr. Fuller has entered into this Agreement as a material
element of the consideration for the CKX Group to enter into the Stock Purchase
Agreement to protect the assets it has developed and that it is acquiring
pursuant to the Stock Purchase Agreement, including, without limitation, the
Company’s confidential information, its client, talent, producer, designer,
programmer, distributor, merchandiser, advertiser, employee, and other business
relationships; 

 

NOW THEREFORE, in consideration of the mutual promises and agreements
contained herein, the parties hereto, with the advice of counsel and intending
to be legally bound, hereby agree to the foregoing and as follows:

 

1.                                      Confidential
Information

 

1.1           Mr. Fuller shall not, at any
time after the date of this Agreement, make use of or disclose or divulge to
any person (other than to officers or employees of any member of the Group (as
defined in the Stock Purchase Agreement) whose province it is to know the same)
any Confidential Information (as defined below) relating to any member of the
Group unless:  (A) required by law
or any governmental or regulatory body in any jurisdiction; or (B) the
relevant information was or becomes in the public domain (other than by reason
of a breach of this Section 1.1 by Mr. Fuller).  In addition, if, in connection with the
business or affairs of any member of the

 

 

Group, Mr. Fuller shall have
obtained Confidential Information belonging to any third party under an
agreement purporting to bind any member of the Group which contained
restrictions on disclosure, he will not, without the previous written consent
of the Purchasers (as defined in the Stock Purchase Agreement) and, if
appropriate, the relevant third party at any time infringe such restrictions.

 

1.2          “Confidential Information” means any and all
information regarding or related to the Company, including all Intellectual
Property (as defined in the Stock Purchase Agreement), the CKX Group and/or any
third-party entrusted or made available to Mr. Fuller, whether in writing,
in computer form or conveyed orally, or developed by the Sellers, at any time
prior to or after the date of this Agreement, that: (1) relates to either
the Company’s or the CKX Group’s business or its clients, talent, producers,
designers, programmers, distributors, merchandisers, advertisers, or employees;
(2) the Company or the CKX Group, as applicable, treats as confidential
and does not customarily use outside of its business without imposing duties of
confidentiality on the recipient;  (3) is
not generally known by others; and (4) gives the Company or the CKX Group,
as applicable, a competitive advantage over others who do not have access to
this information; provided, that, Mr. Fuller’s personal contact list by
itself shall in no event be considered Confidential Information.  Examples of Confidential Information include,
without limitation: (i) the identities of and information concerning
clients, talent, producers, designers, programmers, distributors,
merchandisers, advertisers or employees; (ii) strategies, approaches,
business methods, and frameworks for on-going and future programming,
merchandising and advertising; (iii) non-public financial information,
including, but not limited to, financial and/or investment performance
information, forecasts, budgets and data; and (iv) information about the
CKX Group’s pending or proposed business transactions and proposed and/or
ongoing acquisitions, joint ventures, and strategic alliances.

 

Confidential Information includes
combinations of information, some of whose individual elements may be known but
which, in the aggregate, derive actual or potential economic value by reason of
not being known to others who could benefit from them.  Mr. Fuller recognizes that the CKX Group
has invested considerable amounts of time and money in developing and
maintaining this Confidential Information, and any unauthorized use or
disclosure of such Confidential Information in any form or manner would irreparably
harm the CKX Group.

 

1.3          Upon
request by the CKX Group, Mr. Fuller shall return to the CKX Group all
Confidential Information, in any form or media, and all copies thereof, and
shall delete all Confidential Information from any computers or other electronic
memory devices, including, without limitation, portable USB storage devices,
PDAs, and cell phones, that Mr. Fuller owns or uses, for the purpose of
ensuring that the Confidential Information and business relationships will not
be put at risk in any new position Mr. Fuller may assume.

 

2.                                      Non-Competition,
Non-Solicitation, and Non-Recruitment

 

2.1          Mr. Fuller
acknowledges that the goodwill of the CKX Group, and Mr. Fuller’s own
personal knowledge of and/or involvement in the operations and merger negotiations
of the CKX Group, extends world-wide.  Mr. Fuller
further acknowledges that, in view of Mr. Fuller’s previous position with
the Company and in furtherance of and in consideration of the CKX Group’s
purchase of the issued and outstanding shares from the Sellers (which represent
100% of the Sellers’

 

2

 

ownership interest in the Company), a
restriction on Mr. Fuller’s competitive activities entered into in
connection with Mr. Fuller’s sale of his issued and outstanding shares, as
described below, is both reasonable and narrowly tailored to protect the assets
it has developed and that the CKX Group is acquiring pursuant to the Stock
Purchase Agreement, including, without limitation, the Company’s Confidential
Information, its client, talent, producer, designer, programmer, distributor,
merchandiser, advertiser, employee, and other business relationships and to
prevent unfair competition.  Mr. Fuller
further acknowledges that he will have access to, develop, and maintain
Confidential Information and that, as an employee of the CKX Group, Mr. Fuller
will be expected to develop, maintain, and expand the CKX Group’s business
relationships.

 

2.2          To
protect the CKX Group’s legitimate business interests, including its
Confidential Information and business relationships, Mr. Fuller shall not,
directly or indirectly through any Fuller entity, without the prior written
consent of the CKX Group, for his own benefit or the benefit of any third
party:

 

(i)                                     for the period of
five years after Completion (as defined in the Stock Purchase Agreement),
within any country in which the Company or any of the Subsidiaries (as defined
in the Stock Purchase Agreement) is carrying on business at Completion, or in
any Relevant Territory (as defined in the Stock Purchase Agreement) at the date
of the Stock Purchase Agreement either on his own account or in conjunction
with or on behalf of any other person, carry on or be engaged, concerned or
interested, directly or indirectly, whether as shareholder, director, partner,
agent or otherwise, in carrying on any business which competes with the
business carried on by the Company or any of the Subsidiaries at Completion
(other than as a holder of shares in a company carrying on such a business
where the shareholding is for investment purposes only and does not confer any
control over the business in question) save that Fuller shall not be in breach
of any of the restrictions set out in this Section 2.2 by reason of Mr. Fuller’s
continued involvement as a shareholder and director of Popworld Limited,
provided that Mr. Fuller is not involved in the management or oversight of
Popworld Limited;

 

(ii)                                  for a period of five (5) years
after Completion, identify, solicit, approach, cause to be solicited or
approached, assist any other person or entity in soliciting or approaching, or
accept any business from any person or entity who shall at any time within the
year preceding Completion have been (a) a client, talent, producer,
designer, programmer, distributor, merchandiser, or advertiser of the Company, (b) a
party or prospective party to an agreement with the Company, or (c) a
representative or agent of any client, talent, producer, designer, programmer,
distributor, merchandiser, or advertiser of the Company for the purpose of
offering to that person or entity goods or services which are of the same type
as or similar to any goods or services supplied by the Company at Completion;

 

(iii)                               for the period of five
years after Completion, either on his own account or in conjunction with or on
behalf of any other person, interfere or seek to interfere with the continuance
of supplies to the Company or any of the

 

3

 

Subsidiaries from any person who shall at any time within the 12 months
preceding Completion have been a supplier of goods or services to the Company
or any of the Subsidiaries;

 

(iv)                              for the period of five
years after Completion, either on his own account or in conjunction with or on
behalf of any other person, solicit or entice or hire away or attempt to
solicit or entice or hire away from any member of the Group, offer employment
to or offer to conclude any contract of services with, any person who is at
Completion or who was at any time during the period of six months immediately
preceding Completion employed in a managerial, supervisory, technical or sales
capacity by, or engaged as a consultant to the Company or any member of the
Group and who remains so employed or engaged in the six months prior to the
relevant breach of this clause 2.2(iv) (whether or not such person would
commit a breach of contract by reason of leaving such employment or
engagement);

 

(v)                                 at any time hereafter
in relation to any trade, business or company use a trade name, trade or
service mark, design or logo including the words “19”, “Pop Idol” or “Idol” or
any words confusingly similar thereto in such a way as to be capable of or
likely to be confused with any trade name, trade or service mark, design or
logo used by any member of the Group at Completion (whether registered or not);
and

 

(vi)                              for
the period of five years after Completion, be involved in or concerned in any
television programme or with any artist or artists selected as part of a
television programme which competes with the Format (as defined in the Stock
Purchase Agreement).  For the purposes of
this clause, it is understood that a programme competes with the Format if it
involves a search for artistic talent, including, but not limited to, a
recording and/or song writing artist (whether an individual artist or a group
of more than one) and the making of commercial recordings by that artist(s) or
exploitation of songs written by that artist(s) or the signature of a recording
and/or publishing agreement by that artist(s), or any program that contains
elements similar to the Format.

 

3.                                      Remedies

 

3.1          Injunctive
Relief.  Mr. Fuller hereby
agrees that any breach or threatened breach by him of any of the restrictions
contained in this Agreement shall severely and irreparably injure the CKX Group
and that any remedy at law for any breach or threatened breach by him of any
such provisions shall be inadequate. 
Therefore, Mr. Fuller agrees that the CKX Group may, in addition
to, and not in lieu of, all other remedies to which it is entitled under the
Stock Purchase Agreement, and proper evidentiary showing, obtain expedited
temporary or preliminary equitable relief, including a temporary restraining
order and/or preliminary injunction (or similar order) from any court having
personal jurisdiction over him.

 

3.2          Reasonable
Restrictions.  Mr. Fuller
acknowledges and agrees that the restrictions and covenants contained in this
Agreement are reasonably necessary to protect the goodwill and

 

4

 

legitimate business interests of the CKX
Group, including, without limitation, the CKX Group’s Confidential Information
and other business relationships and that the restrictions are not overbroad or
unfair (including in duration, geographic territory or scope).  Mr. Fuller understands that the
covenants set forth herein are essential elements of the consideration
underlying the Stock Purchase Agreement.

 

3.3          Reformation.
 Whenever
possible, each provision of this Agreement will be interpreted in such manner
as to be effective and valid under applicable law, but if any provision of this
Agreement is held to be prohibited by or invalid under applicable law, such
provision will be ineffective only to the extent of such prohibition or invalidity,
without invalidating the remainder of this Agreement.  If a Court determines that at the time this
Agreement is presented for enforcement any provisions are overly broad or
unenforceable, the parties agree that the Court shall reform the Agreement to make
it enforceable to the maximum extent possible and shall enforce the other terms
as written.

 

3.4          Attorneys
Fees.  The CKX Group shall be awarded
its reasonable attorneys fees incurred in enforcing this Agreement, together
with prejudgment interest on any damages awarded for any breach of this
Agreement; provided, that, to the extent that the CKX Group does not prevail in
any action to enforce this Agreement, the CKX Group shall reimburse Mr. Fuller
for all reasonable attorneys’ fees incurred by Mr. Fuller in connection
with defending himself against such action.

 

4.                                      Miscellaneous
Provisions

 

4.1          Governing
Law; Submission to Jurisdiction. 
This Agreement shall be governed by and construed in accordance with the
laws of the State of New York, without regard to its conflicts of laws
principles and without regard to the conflicts of laws principles of any other
jurisdiction.  Each of the parties hereto
hereby irrevocably consents to the non-exclusive jurisdiction of the United
States District Court for the Southern District of New York or the courts of
the State of New York located in New York County, New York, in any suit, action
or proceeding based on or arising under this Agreement and waives the defense
of an inconvenient forum to the maintenance of such suit or proceeding.

 

4.2          Entire
Agreement.  This Agreement sets forth
the entire agreement and understanding between the parties hereto with respect
to the subject matter hereof and supersedes any prior negotiations, agreements,
understandings or arrangements between the parties hereto with respect to the
subject matter hereof.  This Agreement is
entered into separately and apart from the Stock Purchase Agreement between the
parties entered into contemporaneously with this Agreement, and neither this
Agreement nor such Stock Purchase Agreement shall supercede each other, but
each of this Agreement and the Stock Purchase Agreement shall be separately
enforceable according to the individual terms of each.

 

4.3          Amendment.  This Agreement may be amended only by an
instrument in writing executed by the parties hereto.

 

[Signature Page Follows]

 

5

 

IN WITNESS WHEREOF, the CKX Group has caused
its duly authorized officer to execute this Agreement and Fuller has executed
this Agreement as of the date first above written.

 

	
   

  	
  /s/ Simon Fuller

  	
   

  
	
   

  	
  SIMON ROBERT FULLER

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  SPORTS ENTERTAINMENT ENTERPRISES, INC.,

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ Kraig Fox

  	
   

  
	
   

  	
  Name:

  	
  Kraig Fox

  
	
   

  	
  Title:

  	
  Executive Vice President and
  Chief Corporate 

  
	
   

  	
   

  	
  Development Officer

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  CKX UK LIMITED, a company incorporated under
  the laws of England and Wales

  
	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ Kraig Fox

  	
   

  
	
   

  	
  Name:

  	
   

  
	
   

  	
  Title:

  	
   

  
							

 

6

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