Document:

Special Deferral Election Plan - Adoption Agreement

 Exhibit 10.2 
 The CORPORATEplan for RetirementSM

 EXECUTIVE PLAN 
  
 Adoption Agreement 
  
 IMPORTANT NOTE 
 This document has not been approved by the Department of Labor,
the Internal Revenue Service or any other governmental entity. An Employer must determine whether the plan is subject to the Federal securities laws and the securities laws of the various states. An Employer may not rely on this document to ensure
any particular tax consequences or to ensure that the Plan is “unfunded and maintained primarily for the purpose of providing deferred compensation to a select group of management or highly compensated employees” under the Employee
Retirement Income Security Act with respect to the Employer’s particular situation. Fidelity Management Trust Company, its affiliates and employees cannot and do not provide legal or tax advice or opinions in connection with this document. This
document does not constitute legal or tax advice or opinions and is not intended or written to be used, and it cannot be used by any taxpayer, for the purposes of avoiding penalties that may be imposed on the taxpayer. This document must be
reviewed by the Employer’s attorney prior to adoption. 

 ADOPTION AGREEMENT 
 ARTICLE 1 
  

	1.01	PLAN INFORMATION 

  

	 	(a)	Name of Plan: 

 This is the Dreamworks
Animation SKG, Inc. Special Deferral Election Plan (the “Plan”). 
  

	 	(b)	Plan Status (Check one.): 

  

	 	(1)	Adoption Agreement effective date: 11/15/2008. 

  

	 	(2)	The Adoption Agreement effective date is (Check (A) or check and complete (B)): 

  

	 	    	(A)   ̈  A new Plan effective date
                . 

  

	 	    	(B)  þ  An amendment and restatement of the Plan. The original effective date of the Plan was: 7/1/2007

  

	 	(c)	Name of Administrator, if not the Employer: 

  

	 	

  
  

	1.02	EMPLOYER 

  

	 	(a)	Employer Name: DreamWorks Animation SKG,
Inc.                                         
                                         
                               

  

	 	(b)	The term “Employer” includes the following Related Employer(s) 

	 	    	(as defined in Section 2.01(a)(25)) participating in the Plan: 

  

	
	 DreamWorks, Inc.

	 DreamWorks Post Production LLC

	 DreamWorks Animation LLC

	 Pacific Data Images, Inc.

	 Pacific Data Images LLC

	 Pacific Productions LLC

	 Dreamworks Animation Home Entertainment, Inc.

	 DWA Finance I L.L.C.

	 DreamWorks Animation Home Entertainment, L.L.C.

	 DreamWorks Animation International Services, Inc.

	 DreamWorks Animation Live Theatrical Productions LLC

  

 Page 1 

	1.03	COVERAGE  

 (Check (a) and/or (b).) 

 (a)   ̈  The following Employees are eligible to participate in the Plan (Check
(1) or (2)): 
           (1)   ̈  Only those Employees designated in writing by the Employer, which writing is hereby incorporated herein. 
           (2)   ̈  Only those Employees in the eligible class described below: 
  

	 	

  

	 	

 (b)   ̈  The
following Directors are eligible to participate in the Plan (Check (1) or (2)): 
           (1)   ̈  Only those Directors designated in writing by the Employer, which writing is hereby incorporated herein. 

          (2)   ̈  All Directors, effective as
of the later of the date in 1.01(b) or the date the Director becomes a Director. 
           (Note: A designation in Section 1.03(a)(1) or Section 1.03(b)(1) or a description in 
           Section 1.03(a)(2) must include the effective date of such participation.) 
  

	1.04	COMPENSATION 

 (If Section 1.03(a) is
selected, select (a) or (b). If Section 1.03(b) is selected, complete (c)) 
     For purposes of
determining all contributions under the Plan: 
 (a)   ̈  Compensation shall be as
defined, with respect to Employees, in the 
                                        
                            Plan maintained by the Employer: 
           (1)   ̈  to the extent it is in excess
of the limit imposed under Code section 401(a)(17). 
           (2)   ̈  notwithstanding the limit imposed under Code section 401(a)(17). 
  

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 (b)  þ  Compensation shall be as defined in
Section 2.01(a)(9) with respect to Employees (Check (1), 
             and/or (2) below, if, and as, appropriate): 
               (1)  þ  but excluding the following: 
                           Overtime Pay, Commissions, Automobile Allowance, Any item of compensation

                           payable in stock of the Employer. 
               (2)   ̈  but
excluding bonuses, except those bonuses listed in the table in Section 1.05(a)(2). 
 (c)   ̈  Compensation shall be as defined in Section 2.01(a)(9)(c) with respect to Directors, but excluding the following: 
  

	 	

  

	1.05	CONTRIBUTIONS ON BEHALF OF EMPLOYEES  

 (a) Deferral
Contributions (Complete all that apply): 
  

	 	(1)  þ	Deferral Contributions. Subject to any minimum or maximum deferral amount provided below, the Employer shall make a Deferral Contribution in accordance with, and subject to,
Section 4.01 on behalf of each Participant who has an executed salary reduction agreement in effect with the Employer for the applicable calendar year (or portion of the applicable calendar year). 

  

									
	 Deferral Contributions
 Type of Compensation
	  	Dollar Amount	  	% Amount
		  	Min	  	Max	  	Min	  	Max
	 Base Salary
	  		  		  	0	  	85

 (Note: With respect to each type of Compensation, list the minimum and maximum dollar amounts
or percentages as whole dollar amounts or whole number percentages.) 
  

	 	(2)  þ	Deferral Contributions with respect to Bonus Compensation only. The Employer requires Participants to enter into a special salary reduction agreement to make Deferral Contributions
with respect to one or more Bonuses, subject to minimum and maximum deferral limitations, as provided in the table below. 

  

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	 Deferral Contributions
 Type of Bonus
	  	Treated As	  	Dollar Amount	  	% Amount
	  	Performance
Based	  	Non-Performance
Based	  	Min	  	Max	  	Min	  	Max
	 Incentive Bonus
	  	Yes	  		  		  		  	0	  	100
	 Other Bonus Compensation
	  		  	Yes	  		  		  	0	  	100

 (Note: With respect to each type of Bonus, list the minimum and maximum dollar amounts or
percentages as whole dollar amounts or whole number percentages. In the event a bonus identified as a Performance-based Bonus above does not constitute a Performance-based Bonus with respect to any Participant, such Bonus will be treated as a
Non-Performance-based Bonus with respect to such Participant.) 
  

	 	(b)	Matching Contributions (Choose (1) or (2) below, and (3) below, as applicable): 

  

	 	(1)   ̈	The Employer shall make a Matching Contribution on behalf of each Employee Participant in an amount described below: 

  

	 	     (A)	   ̈       % of the Employee Participant’s Deferral Contributions for the calendar year.

  

	 	     (B)	   ̈ The amount, if any, declared by the Employer in writing, which writing is hereby incorporated herein. 

  

	 	     (C)	   ̈ Other:
                                         
                                         
                                         
                              

  

	 	(2)   ̈	Matching Contribution Offset. For each Employee Participant who has made elective contributions (as defined in 26 CFR section 1.401(k)-6 (“QP Deferrals”)) of the maximum
permitted under Code section 402(g), or the maximum permitted under the terms of the
                                         
        Plan (the “QP”), to the QP, the Employer shall make a Matching Contribution in an amount equal to (A) minus (B) below: 

  

	 	      (A)	The matching contributions (as defined in 26 CFR section 1.401(m)-1(a)(2) (“QP Match”)) that the Employee Participant would have received under the QP on the sum of the
Deferral Contributions and the Participant’s QP Deferrals, determined as though— 

  

	 	•	 	 no limits otherwise imposed by the tax law applied to such QP match; and 

	 	•	 	 the Employee Participant’s Deferral Contributions had been made to the QP. 

  

	 	      (B)	The QP Match actually made to such Employee Participant under the QP for the applicable calendar year. 

  

 Page 4 

 Provided, however, that the Matching Contributions made on behalf of any Employee Participant pursuant to
this Section 1.05(b)(2) shall be limited as provided in Section 4.02 hereof. 
  

	 	(3)   ̈	Matching Contribution Limits (Check the appropriate box (es)): 

  

	 	     (A)	   ̈ Deferral Contributions in excess of       % of the Employee Participant’s
Compensation for the calendar 

                 year shall not be considered for Matching Contributions. 
  

	 	     (B)	   ̈ Matching Contributions for each Employee Participant for each calendar year shall be limited to
$            . 

  

	 	(c)	Employer Contributions 

  

	 	(1)   ̈	Fixed Employer Contributions. The Employer shall make an Employer Contribution on behalf of each Employee Participant in an amount determined as described below:

  

	 	

  

	 	

  

	 	(2)  þ	Discretionary Employer Contributions. The Employer may make Employer Contributions to the accounts of Employee Participants in any amount (which amount may be zero), as determined
by the Employer in its sole discretion from time to time in a writing, which is hereby incorporated herein. 

  

	1.06	CONTRIBUTIONS ON BEHALF OF DIRECTORS 

     (a)   ̈ Director Deferral Contributions 
 The Employer shall
make a Deferral Contribution in accordance with, and subject to, Section 4.01 on behalf of each Director Participant who has an executed deferral agreement in effect with the Employer for the applicable calendar year (or portion of the
applicable calendar year), which deferral agreement shall be subject to any minimum and/or maximum deferral amounts provided in the table below. 
  

									
	 Deferral Contributions
 Type of Compensation
	    	Dollar Amount	    	% Amount
	    	Min	    	Max	    	Min	    	Max
		    		    		    		    	
		    		    		    		    	
		    		    		    		    	
		    		    		    		    	

  

 Page 5 

 (Note: With respect to each type of Compensation, list the minimum and maximum dollar amounts or
percentages as whole dollar amounts or whole number percentages.) 
  

	 	(b)	Matching and Employer Contributions: 

  

	 	(1)   ̈	Matching Contributions. The Employer shall make a Matching Contribution on behalf of each Director Participant in an amount determined as described below: 

 

	 	

  

	 	

  

	 	(2)   ̈	Fixed Employer Contributions. The Employer shall make an Employer Contribution on behalf of each Director Participant in an amount determined as described below:

  

	 	

  

	 	

  

	 	(3)   ̈	Discretionary Employer Contributions. The Employer may make Employer Contributions to the accounts of Director Participants in any amount (which amount may be zero), as determined
by the Employer in its sole discretion from time to time, in a writing, which is hereby incorporated herein. 

  

	1.07	DISTRIBUTIONS 

 The form and timing of distributions
from the Participant’s vested Account shall be made consistent with the elections in this Section 1.07. 
  

	 	(a)(1)	  Distribution options to be provided to Participants 

  

 Page 6 

																	
	 	  	 (A) Specified
Date
	  	 (B) Specified
Age
	  	 (C) Separation
From Service
	  	 (D) Earlier of
Separation or
Age
	  	 (E) Earlier of
Separation
or
Specified Date
	  	 (F) Disability
	  	 (G) Change
in Control
	  	 (H) Death

	 Deferral Contribution
	  	  ̈ Lump Sum
  ̈ Installments
	  	  ̈ Lump Sum
  ̈ Installments
	  	  ̈ Lump Sum
  ̈ Installments
	  	  ̈ Lump Sum
  ̈ Installments
	  	  ̈ Lump Sum
  ̈ Installments
	  	  ̈ Lump Sum
  ̈ Installments
	  	 ̈ Lump Sum	  	  ̈ Lump Sum
  ̈ Installments

									
	 Matching Contributions
	  	  ̈ Lump Sum
  ̈ Installments
	  	  ̈ Lump Sum
  ̈ Installments
	  	  ̈ Lump Sum
  ̈ Installments
	  	  ̈ Lump Sum
  ̈ Installments
	  	  ̈ Lump Sum
  ̈ Installments
	  	  ̈ Lump Sum
  ̈ Installments
	  	 ̈ Lump Sum	  	  ̈ Lump Sum
  ̈ Installments

									
	 Employer Contributions
	  	  ̈ Lump Sum
  ̈ Installments
	  	  ̈ Lump Sum
  ̈ Installments
	  	  ̈ Lump Sum
  ̈ Installments
	  	  ̈ Lump Sum
  ̈ Installments
	  	  ̈ Lump Sum
  ̈ Installments
	  	  ̈ Lump Sum
  ̈ Installments
	  	 ̈ Lump Sum	  	  ̈ Lump Sum
  ̈ Installments

 (Note: If the Employer elects (F), (G), or (H) above, the Employer must also elect (A), (B),
(C), (D), or (E) above, and the Participant must also elect (A), (B), (C), (D), or (E) above. In the event the Employer elects only a single payment trigger and/or payment method above, then such single payment trigger and/or payment
method shall automatically apply to the Participant. If the employer elects to provide for payment upon a specified date or age, and the employer applies a vesting schedule to amounts that may be subject to such payment trigger(s), the employer must
apply a minimum deferral period, the number of years of which must be greater than the number of years required for 100% vesting in any such amounts. If the employer elects to provide for payment upon disability and/or death, and the employer
applies a vesting schedule to amounts that may be subject to such payment trigger, the employer must also elect to apply 100% vesting in any such amounts upon disability and/or death.) 
  
  

															
		  		  	    (2)	  	 ̈	  	A Participant incurs a Disability when the Participant (Check at least one if Section 1.07(a)(1)(F) or if Section 1.08(e)(3) is elected):
							
		  		  		  		  	(A)	 	 	 ̈	 	  	is unable to engage in any substantial gainful activity by reason of any medically determinable physical or mental impairment that can be expected to result in death or can be expected to
last for a continuous period of not less than 12 months.
							
		  		  		  		  	(B)	 	 	 ̈	 	  	is, by reason of any medically determinable physical or mental impairment that can be expected to result in death or can be expected to last for a continuous period of not less than 12
months, receiving income replacement benefits for a period of not less than 3 months under an accident and health plan covering employees of the Employer.
							
		  		  		  		  	(C	)	 	 ̈	 	  	is determined to be totally disabled by the Social Security Administration or the Railroad Retirement Board.

  

 Page 7 

															
							
		  		  		  			  	(D)	  	 ̈	 	  	is determined to be disabled pursuant to the following disability insurance program: __________ the definition of disability under which complies with the requirements in regulations
under Code section 409A.
						
		  		  		  			  		  	 
 	(Note: If more than one box above is checked, then the Participant will have a Disability if he satisfies at least
one of the descriptions corresponding to one of such checked
boxes.)
					
		  		  	    (3)	  	 ̈	 	  	Regardless of any payment trigger and, as applicable, payment method, to which the Participant would otherwise be subject pursuant to (1) above, the first to occur of the
following Plan-level payment triggers will cause payment to the Participant commencing pursuant to Section 1.07(c)(1) below in a lump sum, provided such Plan-level payment trigger occurs prior to the payment trigger to which the Participant
would otherwise be subject.

  

						
	 Payment Trigger

	 (A)
	  	 ̈	 	  	Separation from Service prior to: ________________________________________
	 (B)
	  	 ̈	 	  	Separation from Service
	 (C)
	  	 ̈	 	  	Death
	 (D)
	  	 ̈	 	  	Change in Control

  

													
				
		  		  	    (b)	  	Distribution Election Change

 A Participant 
 (1) þ        shall 
 (2)  ̈        shall not 
 be permitted to modify a scheduled distribution election in accordance with Section 8.01(b) hereof. 
  

													
				
		  		  	    (c)	  	Commencement of Distributions

  

	 	(1)	Each lump sum distribution and the first distribution in a series of installment payments (if applicable) shall commence as elected in (A), (B) or (C) below:

  

			
	 (A) þ
	  	Monthly on the 15th day of the month which day next follows the applicable triggering event described in 1.07(a).
		
	 (B)  ̈
	  	Quarterly on the _____ day of the following months ____________, ______________, _______________, or____________ (list one month in each calendar quarter) which day next follows the
applicable triggering event described in 1.07(a).
		
	 (C)  ̈
	  	Annually on the _____ day of ____________ (month) which day next follows the applicable triggering event described in 1.07(a).

  

 Page 8 

 (Note: Notwithstanding the above: a six-month delay shall be imposed with respect to certain
distributions to Specified Employees; a Participant who chooses payment on a Specified Date will choose a month, year or quarter (as applicable) only, and payment will be made on the applicable date elected in (A), (B) or (C) above that
falls within such month, year or quarter elected by the Participant.) 
  

	 	(2)	The commencement of distributions pursuant to the events elected in Section 1.07(a)(1) and Section 1.07(a)(3) shall be modified by application of the following:

  

														
							
		  		  		  		  	    (A)	  	 ̈	 	  	Separation from Service Event Delay – Separation from Service will be treated as not having occurred for ____ months after the date of such event.
							
		  		  		  		  	(B)	  	 ̈	 	  	Plan Level Delay – all distribution events (other than those based on Specified Date or Specified Age) will be treated as not having occurred for _____ days (insert number of days but
not more than 30).

  

	(d)	Installment Frequency and Duration 

 If installments are
available under the Plan pursuant to Section 1.07(a), a Participant shall be permitted to elect that the installments will be paid (Complete 1 and 2 below): 
  

	 	(1)	at the following intervals: 

  

														
							
		  		  		  		  	    (A)	  	þ	 	  	Monthly commencing on the day elected in Section 1.07(c)(1).
							
		  		  		  		  	(B)	  	 ̈	 	  	Quarterly commencing on the day elected in Section1.07(c)(1) (with payments made at three-month intervals thereafter).
							
		  		  		  		  	(C)	  	þ	 	  	Annually commencing on the day elected in Section 1.07(c)(1).

  

	 	(2)	over the following term(s) (Complete either (A) or (B)): 

  

														
							
		  		  		  		  	    (A)	  	þ	 	  	Any term of whole years between 2 (minimum of 1) and 10 (maximum of 30).
							
		  		  		  		  	    (B)	  	 ̈	 	  	Any of the whole year terms selected below.

  

 Page 9 

											
	  ̈ 1  
	  	 ̈ 2  	  	 ̈ 3  	  	 ̈ 4  	  	 ̈ 5  	  	 ̈ 6  
	  ̈ 7  
	  	 ̈ 8  	  	 ̈ 9  	  	 ̈ 10	  	 ̈ 11	  	 ̈ 12
	  ̈ 13
	  	 ̈ 14	  	 ̈ 15	  	 ̈ 16	  	 ̈ 17	  	 ̈ 18
	  ̈ 19
	  	 ̈ 20	  	 ̈ 21	  	 ̈ 22	  	 ̈ 23	  	 ̈ 24
	  ̈ 25
	  	 ̈ 26	  	 ̈ 27	  	 ̈ 28	  	 ̈ 29	  	 ̈ 30

 (Note: Only elect a term of one year if Section 1.07(d)(1)(A) and/or
Section 1.07(d)(1)(B) is elected above.) 
  

	 	(e)	Conversion to Lump Sum 

  

	 	 ̈	Notwithstanding anything herein to the contrary , if the Participant’s vested Account at the time such Account becomes payable to him hereunder does not exceed
$             distribution of the Participant’s vested Account shall automatically be made in the form of a single lump sum at the time prescribed in Section 1.07(c)(1).

  

	 	(f)	Distribution Rules Applicable to Pre-effective Date Accruals 

  

	 	 ̈	Benefits accrued under the Plan (subject to Code section 409A) prior to the date in Section 1.01(b)(1) above are subject to distribution rules not described in Section 1.07(a)
through (e), and such rules are described in Attachment A Re: PRE EFFECTIVE DATE ACCRUAL DISTRIBUTION RULES. 

  

	1.08	VESTING SCHEDULE 

  

													
					
		  		  	    (a)	  	(1)	  	The Participant’s vested percentage in Matching Contributions elected in Section 1.05(b) shall be based upon the following schedule and unless Section 1.08(a)(2) is
checked below will be based on the elapsed time method as described in Section 7.03(b).
					
		  		  		  	(2)	  	 ̈ Vesting shall be based on the class year method as described in Section 7.03(c).
					
		  		  	    (b)	  	(1)	  	The Participant’s vested percentage in Employer Contributions elected in Section 1.05(c) shall be based upon the following schedule and unless Section 1.08(b)(2) is
checked below will be based on the elapsed time method as described in Section 7.03(b).

  

			
	 Years of Service
	  	 Vesting %

	 0
	  	100
	 1
	  	100

														
		  		  		  		  		
						
		  		  		  	(2)	  	 ̈	 	  	Vesting shall be based on the class year method as described in Section 7.03(c).
				
		  		  	    (c)	  	 ̈     Years of Service shall exclude (Check one.): 

  

 Page 10 

	 	(1)	 ̈ for new plans, service prior to the Effective Date as defined in Section 1.01(b)(2)(A). 

  

	 	(2)	 ̈ for existing plans converting from another plan document, service prior to the original Effective Date as defined in Section 1.01(b)(2)(B).

 (Note: Do not elect to apply this Section 1.08(c) if vesting is based only on the class year method.)

  

	 	(d)	 ̈ Notwithstanding anything to the contrary herein, a Participant will forfeit his Matching Contributions and Employer
      Contributions (regardless of whether vested) upon the occurrence of the following event(s): 

 ________________________________________________________________________ 
 ________________________________________________________________________ 
 (Note: Contributions with respect to Directors, which are
100% vested at all times, are subject to the rule in this subsection (d).) 
  

	 	(e)	A Participant will be 100% vested in his Matching Contributions and Employer Contributions upon (Check the appropriate box(es)): 

  

	 	(1)	 ̈ Retirement eligibility is the date the Participant attains age __ and completes 

                     __ Years of
Service, as defined in Section 7.03(b). 
  

	 	(2)	 ̈ Death. 

  

	 	(3)	 ̈ The date on which the Participant becomes disabled, as determined under Section 1.07(a)(2). 

 (Note: Participants will automatically vest upon Change in Control if Section 1.07(a)(1)(G) is elected.) 
  

	 	(f)	 ̈ Years of Service in Section 1.08 (a)(1) and Section 1.08 (b)(1) shall include service with the following employers:

 ________________________________________________________________________ 
 ________________________________________________________________________ 
  
  

	1.09	INVESTMENT DECISIONS 

 A Participant’s Account
shall be treated as invested in the Permissible Investments as directed by the Participant unless otherwise provided below: 
 ________________________________________________________________________ 
  

 Page 11 

	1.10	ADDITIONAL PROVISIONS 

 The Employer may elect
Option below and complete the Superseding Provisions Addendum to describe overriding provisions that are not otherwise reflected in this Adoption Agreement. 
  

	 	þ	The Employer has completed the Superseding Provisions Addendum to reflect the provisions of the Plan that supersede provisions of this Adoption Agreement and/or the Basic Plan
Document. 

  

 Page 12 

 EXECUTION PAGE 
 (Fidelity’s Copy) 
 IN WITNESS WHEREOF, the Employer has caused
this Adoption Agreement to be executed this 28th day of October, 2008. 
  

			
		
	 Employer  
	  	 DreamWorks Animation SKG, Inc.

		
	 By
	  	 /s/ Katherine Kendrick

		
	 Title
	  	 General Counsel

  

 Page 13 

 AMENDMENT EXECUTION PAGE 
 (Fidelity’s Copy) 
  

			
	 Plan Name:
	 	Dreamworks Animation SKG, Inc. Special Deferral Election Plan (the “Plan”)
		
	 Employer:
	 	DreamWorks Animation SKG, Inc.

 (Note: These execution pages are to be completed in the event the Employer modifies any prior election(s) or makes
a new election(s) in this Adoption Agreement. Attach the amended page(s) of the Adoption Agreement to these execution pages.) 
 The
following section(s) of the Plan are hereby amended effective as of the date(s) set forth below: 
  

					
	 Section Amended
	  		  	Effective Date
			
	 	  		  	 
			
	 	  		  	 
			
	 	  		  	 
			
	 	  		  	 

 IN WITNESS WHEREOF, the Employer has caused this Amendment to be executed on the date below.

  

			
		
	 Employer:
	 	 DreamWorks Animation SKG, Inc.

		
	 By: 
	 	 /s/ Katherine Kendrick

		
	 Title: 
	 	 General Counsel

		
	 Date:
	 	 October 28, 2008

  

 Page 14 

 ATTACHMENT A 
 Re: PRE EFFECTIVE DATE ACCRUAL DISTRIBUTION RULES 
  

			
	 Plan Name:
	  	Dreamworks Animation SKG, Inc. Special Deferral Election Plan (the “Plan”)
		
		  	 
		
		  	 
		
		  	 
		
		  	 
		
		  	 
		
		  	 
		
		  	 

  

 Page 15 

 ATTACHMENT B 
 Re: SUPERSEDING PROVISIONS for 
  

			
	 Plan Name:
	  	Dreamworks Animation SKG, Inc. Special Deferral Election Plan (the “Plan”)

  

	 	(a)	Superseding Provision(s) – The following provisions supersede other provisions of this Adoption Agreement and/or the Basic Plan Document as described below:

 1. Section 1.03 of the Adoption Agreement in effect for the Plan is hereby amended in its entirety to read as follows
and shall supersede any provision to the contrary in the Adoption Agreement or the Plan: 
 “Only management personnel and other highly
compensated employees of the Employer or the other Related Employers participating in the Plan shall be eligible for participation in the Plan. The Administrator shall have the discretionary authority to select the actual participants in the
Plan.” 
 2. Section 1.07(a)(1) of the Adoption Agreement in effect for the Plan is hereby amended in its entirety to read as
follows and shall supersede any provision to the contrary in the Adoption Agreement or the Plan: 
                 “(1) The form and timing of distributions from the Participant’s vested Account shall be made consistent with the following elections
available to the Participant: 
  

	 	A.	Permissible Distribution Events 

  

	 	(A)	Separation from Service; 

  

	 	(B)	A specified date elected by the Participant, provided such date must be at least one year after the date the deferred amount subject to such election would have been paid to
Participant in cash in the absence of the deferral election, 

  

	 	(C)	The earlier of Separation from Service or an elected date, 

  

	 	(D)	The earlier of Separation from Service or a Change in Control, 

  

	 	(E)	The earlier of an elected date or a Change in Control, or 

  

	 	(F)	The earliest of Separation from Service, an elected date or a Change in Control. 

  

 Page 16 

	 	B.	Form of Distribution: 

  

	 	(A)	Lump sum 

  

	 	(B)	Annual installments over a period not to exceed ten (10) years 

  

	 	(C)	Monthly installments over a period not to exceed one hundred twenty (120) months. 

                               However, if the applicable
distribution event is a Change in Control, then such distribution shall only be made in the form of a lump sum.” 
 3.
Section 1.07(a)(3) of the Adoption Agreement in effect for the Plan is hereby amended in its entirety to read as follows and shall supersede any provision to the contrary in the Adoption Agreement or the Plan: 
 “Should the Participant die before the entire aggregate balance of his or her vested Account under the Plan is distributed, then the unpaid
aggregate balance of that Account shall be paid in a lump sum to his or her designated Beneficiary(ies) under the Plan, whether the Participant’s death occurs before or after one or more distributions are made from that Account pursuant to the
distribution event or events elected by the Participant in accordance with Section 1.07(a)(1). Such payment shall be made as soon as administratively practical following the Participant’s death, but in no event later than the
later of (i) the end of the calendar year in which the Participant’s death occurs or (ii) the fifteenth (15th) day of the third (3rd) calendar month following the date of the Participant’s death.”

 4. Section 1.07(e) of the Adoption Agreement is hereby amended in its entirety to read as follows and shall supersede any provision
to the contrary in the Adoption Agreement or the Plan: 
 “If the aggregate balance of the Participant’s Account is not greater
than the applicable dollar amount in effect under Code Section 402(g)(1)(B) at the time of the Participant’s Separation from Service and the Participant is not otherwise at that time participating in any other non-qualified elective
account balance plan subject to Code Section 409A and maintained by the Employer or one or more Related Employers, then that balance shall be distributed to the Participant in a lump sum distribution on the fifteenth (15th) day of the
month that next follows the date of such Separation from Service or as soon as administratively practical thereafter, whether or not the Participant elected that form of distribution or distribution event, but in no event later than the later
of (i) the end of the calendar year in which such Separation from Service occurs or (ii) the fifteenth (15th) day of the third (3rd) calendar month following the date of such Separation from Service.” 
 5. There is hereby added to the end of Section 9.01 of the Plan the following limitation: 
 “In addition, no such amendment authorized by the Employer shall affect the distribution provisions in effect for the Participant’s Account, and
all amounts deferred prior to the date of any such amendment shall continue to become due and payable in accordance with the distribution provisions of Articles 1 and 8 of the Plan as in effect immediately prior to such amendment.” 

6. Except as modified by this Plan Amendment, all the terms and provisions of the Plan, including (without limitation) the Adoption Agreement, shall
continue in full force and effect. 
  

 Page 17Time Sharing Agreement

 Exhibit 10.5 
 AIRCRAFT TIME SHARING AGREEMENT 
 This Aircraft Time Sharing Agreement (“Agreement”) is made and
entered into as of the 27th day of October, 2008, by and between INTELLECTUAL VENTURES MANAGEMENT, L.L.C., a Washington limited liability company (“IVM”), and DREAMWORKS ANIMATION SKG, INC., a Delaware corporation
(“DWA”). 
 WHEREAS, IVM, a company engaged primarily in the business of managing private equity investment funds, is the lessee and operator of
one Gulfstream Aerospace Model G-V aircraft bearing Federal Aviation Administration Registration No. N5000X and Manufacturer’s Serial No. 611 (“the Aircraft”) and owned by Teratorn, LLC (the “Aircraft Owner”);
and 
 WHEREAS, DWA, from time to time, desires use of the Aircraft for its own account solely for the carriage of one or more DWA officials, employees and
guests traveling on DWA business; and 
 WHEREAS, IVM desires to make the Aircraft available to DWA for the above operations on a time sharing basis in
accordance with § 91.501 of the Federal Aviation Regulations, 14 CFR § 91.501. 
 NOW, THEREFORE, in consideration of the mutual covenants herein
set forth, the parties agree as follows: 
 1. Provision of the Aircraft. IVM agrees to provide the Aircraft to and operate the Aircraft for DWA on a
time sharing basis in accordance with the provisions of §§ 91.501(b)(6), 91.501(c)(1) and 91.501(d) of the Federal Aviation Regulations (FARs) for the period commencing upon execution of this Agreement and terminating upon permanent
cessation of IVM’s operation of the Aircraft, unless earlier terminated pursuant to Paragraph 15 below or by mutual agreement of the parties. 
 2.
Reimbursement of Expenses. For each flight conducted under this Agreement, DWA shall pay to IVM the amount invoiced to DWA by IVM for such flight, provided that in no case shall such amount exceed the sum of the expenses set forth in
subparagraphs (a)-(j) below: 
  

	 	(a)	Fuel, oil, lubricants, and other additives; 

  

	 	(b)	Travel expenses of the crew, including food, lodging, and ground transportation; 

  

	 	(c)	Hangar and tie-down costs away from the Aircraft’s base of operation; 

  

	 	(d)	Insurance obtained for the specific flight; 

  

	 	(e)	Landing fees, airport taxes, and similar assessments; 

  

	 	(f)	Customs, foreign permit, and similar fees directly related to the flight; 

  

	 	(g)	In-flight food and beverages; 

  

	 	(h)	Passenger ground transportation; 

  

	 	(i)	Flight planning and weather contract services; and 

  

	 	(j)	An additional charge equal to one hundred percent (100%) of the expenses listed in subparagraph (a) above. 

 3. Invoicing and Payment. All payments to be made to IVM by DWA hereunder shall be paid in the manner set forth in
this Paragraph 3. IVM will pay to suppliers, employees, contractors and governmental entities all expenses related to the operation of the Aircraft hereunder in the ordinary course. As to each flight operated hereunder, IVM shall provide to DWA an
invoice for the charges specified in Paragraph 2 of this Agreement (plus air transportation excise taxes, as applicable, imposed by the Internal Revenue Code), such invoice to be issued within thirty (30) days after the completion of each such
flight. DWA shall pay IVM the full amount of such invoice within thirty (30) days of the date of the invoice. In the event IVM has not received supplier invoices for reimbursable charges relating to such flight prior to such invoicing, IVM
shall issue supplemental invoice(s) for such charge(s) to DWA, and DWA shall pay such charge(s) within thirty (30) days of the date of each supplemental invoice. 
 4. Flight Requests. DWA (or its official) will provide IVM with flight requests and proposed flight schedules as far in advance as possible. Flight requests shall be in a form, whether oral or written, mutually
convenient to and agreed upon by the parties. DWA shall provide at least the following information for each proposed flight reasonably in advance of the desired departure time as required by IVM or its flight crew: 
  

	 	(a)	departure point; 

  

	 	(b)	destination; 

  

	 	(c)	proposed date and time of flight; 

  

	 	(d)	number and identity of anticipated passengers; 

  

	 	(e)	nature and extent of baggage and/or cargo to be carried; 

  

	 	(f)	proposed date and time of return flight, if any; and 

  

	 	(g)	any other information concerning the proposed flight that may be pertinent to or required by IVM or its flight crew. 

 5. Aircraft Scheduling. IVM shall have final authority over all scheduling of the Aircraft, including determination of whether the Aircraft can be made available
for a particular flight, provided however that IVM will use reasonable efforts to accommodate DWA’s requests. 
 6. Aircraft Maintenance. IVM
shall be solely responsible for securing all maintenance (including scheduled and unscheduled maintenance, preventive maintenance, and required or otherwise necessary inspections) of the Aircraft, and shall take such requirements into account in
scheduling the Aircraft. Performance of maintenance or inspection shall not be postponed for the purpose of scheduling the Aircraft to accommodate DWA’s request unless such maintenance or inspection can safely be conducted at a later time in
compliance with applicable laws, regulations and requirements, and such postponement is consistent with the sound discretion of the pilot-in-command. 
 7.
Flight Crew. IVM shall employ, pay for and provide a qualified flight crew for all flight operations under this Agreement. 
 8. Operational
Authority and Control. IVM shall be responsible for all aspects of the physical and technical operation of the Aircraft and the safe performance of all flights, and shall retain full authority and control including exclusive operational control
and possession of the Aircraft, at all times during 

  

 2 

 
flights operated under this Agreement. In accordance with applicable FARs, the qualified flight crew provided by IVM will exercise all required and/or
appropriate duties and responsibilities in regard to the safety of each flight conducted hereunder. The pilot-in-command shall have absolute discretion in all matters concerning preparation of the Aircraft for flight and the flight itself, the load
carried and its distribution, the decision whether or not a flight shall be undertaken, the route to be flown, the place where landings shall be made, and all other matters relating to operation of the Aircraft. DWA specifically agrees that the
flight crew shall have final and complete authority to delay or cancel any flight for any reason or condition that in the sole judgment of the pilot-in-command could compromise the safety of the flight, and to take any other action that in the sole
judgment of the pilot-in-command is necessitated by considerations of safety. No such action of the pilot-in-command shall create or support any liability to DWA or any other person for loss, injury, damage or delay. The parties further agree that
IVM shall not be liable for delay or failure to furnish the Aircraft and crew pursuant to this Agreement when such failure is caused by government regulation or authority, mechanical difficulty or breakdown, war, civil commotion, strike or labor
dispute, weather condition, act of God, or other circumstance beyond IVM’s control. 
 9. Insurance. 
 (a)(i) IVM will maintain, or cause to be maintained in full force at all times by the Aircraft Owner, with respect to the Aircraft, and all operations direct or
incidental to the operation thereof, insurance with carriers acceptable to DWA meeting the terms and limits specified in this section. 
 (a)(ii)
Comprehensive Aircraft Liability Insurance – Comprehensive Aircraft Liability Insurance including bodily injury (including passengers) and property damage liability with a combined single limit of not less then $250,000,000 each
occurrence. Such liability policies shall name DWA and its affiliates (or their equivalents as respects joint ventures, partnerships, LLCs or other organizational structures) as additional insureds (the “Additional Insureds”), as their
respective interests may appear, and shall include cross liability and a clause stating that such insurance is primary with respect to the Aircraft, or substitute or replacement aircraft used in performing this Agreement, and such insurance shall
not be contributory with or excess over any insurance carried by DWA, its related entities and the Additional Insureds. 
 (a)(iv) Aircraft Hull
Insurance – Aircraft hull insurance covering the Aircraft hull, engines and equipment against “All Risks” of loss or damage for the actual market replacement value of the Aircraft. Such insurance shall contain by endorsement a
waiver of subrogation in favor of the Additional Insureds. 
 (a)(v) Certificate of Insurance – IVM shall provide the Additional Insureds with a
certificate of insurance complying with the previsions contained in paragraphs (a)(ii) through (a)(iv) above. Such certificate of insurance shall also provide that, in the event of a cancellation or material change in policy with respect to the
Aircraft for which the certificate is issued which would adversely affect the interest of such Additional Insureds, the insurers agree to provide 30 days (10 days for non-payment or seven days or less as respects War Risk) prior written notice to
the certificate holder. 
  

 3 

 (a)(vi) War Risk Insurance – IVM will maintain War Risk and Allied Risk Perils Insurance including all
coverage or limits outlined under aviation regulations of the countries where operations may occur or as provided by the United States Government. 
  

	 	(b)	IVM shall use reasonable efforts to procure such additional insurance coverages as DWA may request naming DWA as an insured; provided, that the cost of such additional insurance
shall be borne by DWA pursuant to Paragraph 2(d) hereof. 

  

	 	(c)	Notwithstanding the obligations set forth in subparagraphs (a) and (b) of this Paragraph 9, IVM shall indemnify DWA and hold it harmless against all liabilities,
obligations, losses, damages, penalties, actions, costs, expenses, taxes, fees, levies and reasonable attorneys’ fees and expenses of any nature which may be imposed on, incurred by or asserted against DWA caused by or arising out of any flight
operated under this Agreement. Such indemnification shall be on a “grossed up” basis taking into account tax liability, if any, of DWA resulting from payments made by IVM to DWA or on DWA’s behalf under this subparagraph. The
provisions of this subparagraph shall survive the termination of this Agreement. 

 10. Warranties. DWA warrants that: 
 (a) It will use the Aircraft under this Agreement only for its own account and solely for the carriage of DWA officials, employees and guests traveling on DWA business,
and will not use the Aircraft for the purpose of providing transportation of passengers or cargo for compensation or hire; 
 (b) It will not permit any
lien, security interest or other charge or encumbrance to attach against the Aircraft as a result of its actions or inactions, and shall not convey, mortgage, assign, lease or in any way alienate the Aircraft or IVM’s rights hereunder; and

 (c) Throughout the term of this Agreement, it will abide by and conform to all laws, rules and regulations as may from time to time be in effect relating
in any way to the operation or use of the Aircraft under this Agreement. 
 IVM warrants that: 
 Throughout the term of this Agreement, it will abide by and conform to all laws, rules and regulations as may from time to time be in effect relating in any way to the operation or use of the Aircraft under this
Agreement. 
 11. Base of Operations. DWA acknowledges that the base of operations of the Aircraft may be changed temporarily or permanently by IVM
without notice to DWA. 
  

 4 

 12. Notices and Communications. All notices and other communications under this Agreement shall be in writing
(except as permitted in Paragraph 4), shall be deemed to have been duly given upon confirmation of delivery by electronic or manual means, and shall be addressed as follows: 
  

			
	If to IVM:	  	If to DWA:
		
	Intellectual Ventures Management, L.L.C.	  	DreamWorks Animation SKG, Inc.
	Attn: General Counsel	  	Attn: General Counsel
	227 Bellevue Way, PMB 502	  	1000 Flower Street
	Bellevue, Washington 98004	  	Glendale, California 91201

 or to such other person or address as either party may from time to time designate in writing to the other party.

 13. Further Acts. IVM and DWA shall from time to time perform such other and further acts and execute such other and further instruments as may be
required by law or may be necessary (i) to carry out the intent and purpose of this Agreement, and (ii) to establish, maintain or protect the respective rights and remedies of the other party. 
 14. Successors and Assigns. Neither this Agreement nor any party’s interest herein shall be assignable to any other party. This Agreement shall inure to the
benefit of and be binding upon the parties hereto, their representatives and their successors. 
 15. Termination. Either party may terminate this
Agreement for any reason upon written notice to the other, such termination to become effective thirty (30) days from the date of the notice; provided, that this Agreement may be terminated as a result of a breach by either party of its
obligations under this Agreement on ten (10) days’ written notice by the non-breaching party to the breaching party; and provided further, that this Agreement may be terminated on such shorter notice as may be required to comply with
applicable laws, regulations or insurance requirements. 
 16. Governing Law. This Agreement shall be governed by and construed in accordance with the
laws of the State of New York. 
 17. Severability. If any provision of this Agreement is held to be illegal, invalid or unenforceable, the legality,
validity and enforceability of the remaining provisions shall not be affected or impaired. 
 18. Amendment or Modification. This Agreement supersedes
and replaces any previous agreement between the parties hereto concerning the subject matter hereof, constitutes the entire agreement between the parties with respect to that subject matter, and is not intended to confer upon any person or entity
any rights or remedies not expressly granted herein. This Agreement may be amended or modified only in writing duly executed by both parties hereto. 
  

 5 

 19. TRUTH IN LEASING STATEMENT PURSUANT TO SECTION 91.23 OF THE FEDERAL AVIATION REGULATIONS: 
 (a) INTELLECTUAL VENTURES MANAGEMENT, L.L.C. CERTIFIES THAT THE AIRCRAFT HAS BEEN INSPECTED AND MAINTAINED WITHIN THE 12-MONTH PERIOD PRECEDING THE DATE OF THIS
AGREEMENT IN ACCORDANCE WITH THE PROVISIONS OF PART 91 OF THE FEDERAL AVIATION REGULATIONS, AND THAT ALL APPLICABLE REQUIREMENTS FOR THE AIRCRAFT’S MAINTENANCE AND INSPECTION THEREUNDER HAVE BEEN MET AND ARE VALID FOR THE OPERATIONS TO BE
CONDUCTED UNDER THIS AGREEMENT. 
 (b) INTELLECTUAL VENTURES MANAGEMENT, L.L.C. AGREES, CERTIFIES AND ACKNOWLEDGES THAT WHENEVER THE AIRCRAFT IS OPERATED
UNDER THIS AGREEMENT, INTELLECTUAL VENTURES MANAGEMENT, L.L.C. SHALL BE KNOWN AS, CONSIDERED, AND SHALL IN FACT BE THE OPERATOR OF THE AIRCRAFT, AND THAT INTELLECTUAL VENTURES MANAGEMENT, L.L.C. UNDERSTANDS ITS RESPONSIBILITIES FOR COMPLIANCE WITH
APPLICABLE FEDERAL AVIATION REGULATIONS. 
 (c) THE PARTIES UNDERSTAND THAT AN EXPLANATION OF FACTORS AND PERTINENT FEDERAL AVIATION REGULATIONS BEARING ON
OPERATIONAL CONTROL CAN BE OBTAINED FROM THE NEAREST FAA FLIGHT STANDARDS DISTRICT OFFICE. DREAMWORKS ANIMATION SKG, INC. FURTHER CERTIFIES THAT IT WILL SEND, OR CAUSE TO BE SENT, A TRUE COPY OF THIS AGREEMENT TO: FEDERAL AVIATION ADMINISTRATION,
AIRCRAFT REGISTRATION BRANCH, ATTN. TECHNICAL SECTION (AVN-450), P.O. BOX 25724, OKLAHOMA CITY, OKLAHOMA 73125, WITHIN 24 HOURS AFTER ITS EXECUTION, AS REQUIRED BY SECTION 91.23(c)(1) OF THE FEDERAL AVIATION REGULATIONS. 
 IN WITNESS WHEREOF, the parties hereto have caused this Agreement to be duly executed as of the day and year first above written. 
  

									
	INTELLECTUAL VENTURES MANAGEMENT, L.L.C.	 		 	DREAMWORKS ANIMATION SKG, INC.
					
	By: x	 	/s/ Nathan P. Myhrvold	 		 	By: x	 	/s/ Lewis Coleman
	Name:	 	Nathan P. Myhrvold	 		 	Name:	 	Lewis Coleman
	Title:	 	CEO	 		 	Title:	 	President and CFO

  

 6

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