Document:

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                                                                    EXHIBIT 10.1

                             UNITEDGLOBALCOM, INC.
                      SERIES E CONVERTIBLE PREFERRED STOCK
                             SUBSCRIPTION AGREEMENT

UnitedGlobalCom, Inc.
4643 South Ulster Street, Suite 1300
Denver, Colorado 80237

Ladies and Gentlemen:

1.  Subscription.  The undersigned, [          ] (the "Purchaser"), intending to
be legally bound, hereby purchases from UnitedGlobalCom, Inc. (the "Company"),
and the Company hereby sells to the Purchaser, [          ] shares of the Series
E Convertible Preferred Stock, par value $0.01 per share, of the Company (the
"Preferred Stock") for an aggregate purchase price of [          ](1) (the
"Purchase Price") payable (i) in cash or (ii) in cash at least to the extent of
the aggregate par value of the Preferred Stock, and the remainder by delivery of
a promissory note made by the Purchaser payable to the Company with a principal
amount equal to the Purchase Price less the aggregate par value of the Preferred
Stock (a "Promissory Note"). Any Promissory Note delivered in payment of any
portion of the Purchase Price shall provide for full recourse to the Purchaser
in the event of the nonpayment thereof, shall provide for the accrual of
interest at a fair market rate and contain other terms and conditions consistent
with an arm's-length, fair market transaction, all of which terms shall be
reasonably acceptable to Liberty Media Corporation ("Liberty Media").

The Preferred Stock is convertible into shares of Class A Common Stock, par
value $0.01 per share (the "Class A Stock" and, together with the Preferred
Stock, the "Securities"), of the Company on the terms and conditions set forth
in the Certificate of Designation establishing the Preferred Stock (the
"Certificate of Designation").

2.  Deliveries.  Concurrently with the execution and delivery hereof, (a) the
Purchaser is delivering the Purchase Price to the Company by wire transfer of
immediately available funds in accordance with instructions from the Company
and, if applicable, by delivery of a Promissory Note and (b) the Company is
delivering to the Purchaser a certificate, in the name of the Purchaser and duly
executed by appropriate officers of the Company, representing the Preferred
Stock purchased hereby.

3.  Representations and Warranties of the Purchaser.  The Purchaser hereby
acknowledges, represents, warrants and agrees as follows:

     (a)  None of the Securities have been registered under the Securities Act
     of 1933, as amended (the "Securities Act"), or any state securities laws.
     The Purchaser understands that the offering and sale of the Securities is
     intended to be exempt from registration under the Securities Act by virtue
     of Section 4(2) thereof, and analogous provisions of state securities laws,
     based, in part, upon the representations, warranties and agreements
     contained in this Subscription Agreement.

     (b)  The Purchaser has received copies of the Certificate of Designation,
     the SEC Filings (as defined below) and all other documents requested by the
     Purchaser, has carefully reviewed such

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(1) The per share purchase price of the Series E Preferred Stock will be equal
    to 1/1,500th of the product (rounded up to the nearest cent) of (a) the
    lesser of (1) $5.00 and (2) the Average Market Price of the United Class A
    Stock as of the Closing Date, multiplied by (b) a number equal to (1) the
    quotient of X divided by Y minus (2) X. For purposes of the foregoing, "X"
    shall be equal to the aggregate number of shares of United Class A Stock and
    United Class B Stock issued and outstanding immediately prior to the Closing
    and "Y" shall be equal to 0.995049505.
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     documents in their entirety and understands the information contained
     therein. For purposes of this Subscription Agreement, "SEC Filings" shall
     mean the Company's: (i) preliminary proxy statement filed with the
     Securities and Exchange Commission ("SEC") on January 25, 2001; (ii)
     registration statement filed with the SEC on [          ], (iv) Form 10-K
     for the year ended December 31, 2000; (iv) Forms 10-Q filed with the SEC
     for the quarters ended March 31, 2001, June 30, 2001 and September 30,
     2001; and (v) Form 8-K filed with the SEC on June 1, 2001.

     (c)  Neither the SEC nor any state securities commission has passed upon or
     endorsed the merits of this offering of Securities or made any findings or
     determination as to the fairness of the terms of this offering for
     investment.

     (d)  In evaluating the suitability of an investment in the Company, the
     Purchaser has not relied upon any representation or other information (oral
     or written) by or from the Company other than as stated in the Certificate
     of Designation and the SEC Filings.

     (e)  The Purchaser has taken no action that would give rise to any claim by
     any person for brokerage commissions, finders' fees or the like relating to
     this Subscription Agreement or the transactions contemplated hereby.

     (f)  The Purchaser, together with his attorneys, accountants, purchaser
     representatives and tax advisors (collectively, the "Advisors"), has such
     knowledge and experience in financial, tax, and business matters so as to
     enable him to utilize the information made available to him in connection
     with the offering of the Securities to evaluate the merits and risks of an
     investment in the Securities and to make an informed investment decision
     with respect thereto.

     (g)  The Purchaser is not relying on information provided by the Company
     with respect to the financial, tax and other economic considerations of an
     investment in the Securities, and in such regard the Purchaser has relied
     on the advice of, and has consulted with, only his own Advisors.

     (h)  The Purchaser is acquiring the Securities solely for his own account
     for investment and not with a view to resale or distribution thereof.

     (i)  The Purchaser acknowledges that he must bear the economic risk of an
     investment in the Securities indefinitely because none of the Securities
     may be sold, hypothecated or otherwise disposed of unless subsequently
     registered under the Securities Act and applicable state securities laws or
     an exemption from registration is available. In addition, Section 8 of this
     Subscription Agreement imposes certain further restrictions on the transfer
     of the Preferred Stock. Legends shall be placed on the certificates
     evidencing the Securities to the effect that such Securities have not been
     registered under the Securities Act or applicable state securities laws and
     that such Securities are subject to certain restrictions on transfer
     imposed by this Subscription Agreement, and appropriate notations to such
     effect will be made in the Company's stock transfer books.

     (j)  The Purchaser has adequate means of providing for his current needs
     and foreseeable personal contingencies and has no need for his investment
     in the Securities to be liquid.

     (k)  The Purchaser is aware that an investment in the Securities involves
     significant risks.

     (l)  The Purchaser is an "accredited investor," within the meaning of Rule
     501(a) of Regulation D under the Securities Act ("Regulation D"), because
     (i) he is a natural person who has a net worth or joint net worth with his
     spouse in excess of $1,000,000 as of the date hereof; (ii) he is a natural
     person who had an individual income in excess of $200,000 in each of the
     two most recent calendar years [or a joint income with his spouse in excess
     of $300,000 in each of those years] and has a reasonable expectation of
     reaching the same income level in the current year; and (iii) he is a

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     director and an executive officer of the Company. As used in this
     Subscription Agreement, the term "net worth" means the excess of total
     assets over total liabilities.(2)

     (m)  The Purchaser has had the opportunity to obtain any additional
     information necessary to verify the accuracy of the SEC Filings and all
     other documents received or reviewed by him in connection with the purchase
     of the Securities and has had the opportunity to meet with representatives
     of the Company and to have them answer any questions and provide additional
     information regarding the terms and conditions of this particular
     investment and the finances, operations, business and prospects of the
     Company deemed relevant by the Purchaser and all such questions have been
     answered and requested information provided to his full satisfaction.

     (n)  The Purchaser represents to the Company that the information contained
     herein is complete and accurate and understands that such information is
     being relied upon by the Company in determining the availability of an
     exemption from registration under Federal and State securities laws in
     connection with the offering and sale of the Securities. The Purchaser
     further represents and warrants that he will notify the Company immediately
     upon the occurrence of any material change therein occurring prior to the
     Company's issuance of any Securities.

     (o)  The Purchaser has significant prior investment experience, including
     investment in non-listed and non-registered securities. The Purchaser has a
     sufficient net worth to sustain a loss of his entire investment in the
     Securities if such a loss should occur. The Purchaser's overall commitment
     to investments that are not readily marketable is not excessive in view of
     his net worth and financial circumstances and the purchase of the
     Securities will not cause such commitment to become excessive. The
     investment is a suitable one for the Purchaser.

     (p)  If the Purchaser is paying a portion of the Purchase Price by delivery
     of a Promissory Note, the Purchaser has, and shall maintain at all times
     until such time that the Purchaser's obligations under the Promissory Note
     are satisfied in full, unencumbered assets (other than the Securities)
     having an aggregate value sufficient for the repayment of the Purchaser's
     obligations under the Promissory Note

4.  Representations and Warranties of the Company.  The Company hereby
represents and warrants to the Purchaser as follows:

     (a)  The Company is duly incorporated, validly existing and in good
     standing under the laws of its state of incorporation.

     (b)  The Company has duly authorized by all requisite corporate action the
     issuance and sale of the Preferred Stock in accordance with the terms of
     this Subscription Agreement and the issuance of the Class A Stock upon
     conversion of the Preferred Stock in accordance with the Certificate of
     Designation.

5.  Indemnification.  The Purchaser agrees to indemnify and hold harmless the
Company, its officers, directors, employees, agents, control persons and
affiliates against all losses, liabilities, claims, damages, and expenses
(including, but not limited to, any and all expenses incurred in investigating,
preparing, or defending against any litigation commenced or threatened) by
reason of or arising out of any actual or alleged false representation or
misrepresentation or warranty or breach or omission to state a material fact by
the Purchaser of any agreement herein or in any other document delivered in
connection with this Subscription Agreement.

6.  Binding Effect.  The Purchaser hereby acknowledges and agrees that this
Subscription Agreement shall survive the death or disability of the Purchaser
and shall be binding upon and inure to the benefit of the parties and their
heirs, executors, administrators, successors, legal representatives, and
permitted assigns.

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(2) This representation is subject to change depending upon whether the
    Purchaser is a natural person or a business entity and, with respect to the
    bracketed portion, the state of the Purchaser's residence.
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7.  Notices.  Any notice or other communication required or permitted to be
given hereunder shall be in writing and shall be mailed by certified mail,
return receipt requested, or personally delivered to the party to whom it is to
be given (a) if to Company, at the address set forth above, or (b) if to the
Purchaser, at the address set forth on the signature page hereof (or, in either
case, to such other address as the party shall have furnished in writing in
accordance with the provisions of this Section 7). Any notice or other
communication given by certified mail shall be deemed given at the time of
certification thereof, except for a notice changing a party's address which
shall be deemed given at the time of receipt thereof. Any notice or other
communication personally delivered shall be deemed given at the time of such
personal delivery.

8.  Assignability; Transfer Restrictions.  This Subscription Agreement and the
rights, interests and obligations hereunder are not transferable or assignable
by the Purchaser. The Purchaser further agrees that he shall not, (a) offer,
transfer, pledge, encumber, contract to do any of the foregoing or otherwise
transfer or dispose of, whether or not for or without consideration
("Transfer"), directly or indirectly, any of the Securities to any person or
other entity whatsoever except in accordance with all applicable laws, including
Federal and State securities laws, or (b) Transfer, directly or indirectly, any
shares of Preferred Stock to any person or other entity whatsoever without the
prior written consent of Liberty Media, and that any purported Transfer in
violation of (a) or (b) shall be null and void.

9.  Applicable Law.  This Subscription Agreement shall be governed by and
construed in accordance with the internal laws of the State of Colorado without
regard to its conflicts of law principles. The Purchaser hereby irrevocably
submits to the jurisdiction of any Colorado State or United States Federal court
sitting in the City and County of Denver over any action or proceeding arising
out of or relating to this Subscription Agreement or any agreement contemplated
hereby, and the Purchaser hereby irrevocably agrees that all claims in respect
of such action or proceeding may be heard and determined in such Colorado State
or Federal court. The Purchaser further waives any objection to venue in such
State and any objection to any action or proceeding in such State on the basis
of a non-convenient forum. The Purchaser further agrees that any action or
proceeding brought against the Company shall be brought only in Colorado State
or United States Federal courts sitting in the City and County of Denver. THE
PURCHASER AGREES TO WAIVE HIS RIGHTS TO A JURY TRIAL OF ANY CLAIM OR CAUSE OF
ACTION BASED UPON OR ARISING OUT OF THIS SUBSCRIPTION AGREEMENT OR ANY DOCUMENT
OR AGREEMENT CONTEMPLATED HEREBY.

10.  Miscellaneous.

(a)  This Subscription Agreement constitutes the entire agreement between the
Purchaser and the Company with respect to the subject matter hereof and
supersedes all prior oral or written agreements and understandings, if any,
relating to the subject matter hereof. The terms and provisions of this
Subscription Agreement may be modified or waived, or consent for the departure
therefrom granted, only by a written document executed by the party against whom
enforcement of such modification, waiver or consent is sought.

(b)  The Purchaser's representations and warranties made in this Subscription
Agreement shall survive the execution and delivery hereof and he delivery of the
Securities.

(c)  Each of the parties hereto shall pay its own fees and expenses (including
the fees of any attorneys, accountants, appraisers or other engaged by such
party) in connection with this Subscription Agreement and the transactions
contemplated hereby.

(d)  This Subscription Agreement may be executed in one or more counterparts
each of which shall be deemed an original, but all of which shall together
constitute one and the same instrument.

(e)  Each provision of this Subscription Agreement shall be considered separable
and if for any reason any provision or provisions hereof are determined to be
invalid or contrary to applicable law, such invalidity shall not impair the
operation of or affect the remaining portions of this Subscription Agreement.

(f)  Paragraph titles are for descriptive purposes only and shall not control or
alter the meaning of this Subscription Agreement as set forth in the text.

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(g)  Liberty Media is an intended beneficiary of the final sentence of paragraph
1, clause (p) of paragraph 3 and clause (b) of paragraph 8, and Purchaser
acknowledges and agrees that Liberty Media would be irreparably harmed by any
breach of the final sentence of paragraph 1, clause (p) of paragraph 3 or any
direct or indirect Transfer of the Preferred Stock in violation of clause (b) of
paragraph 8, and could not be made whole by monetary damages. Accordingly,
Liberty Media, in addition to any other remedy to which it may be entitled at
law or in equity as an intended beneficiary of such provisions, shall be
entitled to compel specific performance of such provisions.

IN WITNESS WHEREOF, the undersigned have executed this Subscription Agreement
this   day of           , 2002.

                                          --------------------------------------
                                          Name:
                                          Address:

SUBSCRIPTION ACCEPTED AND AGREED
this   day of           , 2002

UNITEDGLOBALCOM, INC., a Delaware corporation

By:
   --------------------------------------
Name:
     ------------------------------------
Title:
      -----------------------------------

                                        5<PAGE>
                                                                    EXHIBIT 10.3

                               FOUNDERS AGREEMENT
                                  (New United)

         This Founders Agreement (New United) (this "Agreement") is entered into
as of __________ __, 2002 among Albert M Carollo, Curtis Rochelle, Gene W.
Schneider and Mark L. Schneider (each a "Founder" and collectively the
"Founders"), and each other person who has signed or who may sign this Agreement
in the future (together with the Founders each a "Stockholder" and collectively
the "Stockholders").

                                   Background

         The Stockholders are also party to a Stockholders Agreement (the
"Stockholders Agreement") entered into as of the date hereto with
UnitedGlobalCom, Inc., a Delaware corporation formerly known as New
UnitedGlobalCom, Inc. ("United"), and Liberty Media Corporation ("Liberty") and
Liberty Global, Inc. ("Liberty Global"), each a Delaware corporation.
Capitalized terms used in this Agreement without definition have the same
meanings as in the Stockholders Agreement.

         Pursuant to certain transactions described in the Agreement and Plan of
Restructuring and Merger, dated as of December 3, 2001 (the "Merger Agreement"),
among United, Liberty, Liberty Media International, Inc., Liberty Global and the
Founders et al, the Founders have acquired Beneficial Ownership of shares of the
Class B Stock.

         The Stockholders wish to set forth their agreement regarding the manner
in which they will exercise their rights under the Stockholders Agreement. The
Stockholders recognize that in the future they may have different objectives
with respect to their continued ownership of Common Stock and are entering into
this Agreement to provide a means by which they can assure stability for the
Company.

                                    Agreement

         In consideration of the foregoing premises and for other good and
valuable consideration, the receipt and sufficiency of which are hereby
acknowledged, the parties agree as follows:

         Section 1. Board Nominations Before Class B Event. The Stockholders
agree that prior to the occurrence of a Class B Event they shall nominate
individuals to the Board for election by the holders of Class A Stock and Class
B Stock, that such nominees will be selected as follows, and that each
Stockholder will vote for such nominees:

         (a) Each of the Founders shall be nominated as long as he wishes to be
nominated, provided the individual Founder, his Permitted Transferees identified
on the signature pages hereof and any other Permitted Transferees who have
received shares of Class B Stock from such Founder (his "Founder Group") owns at
least 30 percent of the Class B Stock owned by his Founder Group on the date of
this Agreement. If he decides not to be nominated, he may designate another
nominee so long as the nominee is reasonably qualified to serve as a director of
United.

<PAGE>

         (b) If a Founder dies or becomes incapacitated or if he is no longer
entitled to be nominated to the Board or to designate a nominee pursuant to
Section 2(a), the remaining Founders (the "Remaining Founders") may select a
nominee in lieu of such Founder or designee so long as the nominee is reasonably
qualified to serve as a director of the Company. In the absence of unanimous
agreement among the Remaining Founders, such nominee shall be selected by the
Founder(s) whose Founder Group(s) hold a majority of the Class B Stock then held
by all Remaining Founders and their Permitted Transferees.

         (c) Any nominees that the Founders may nominate who are not selected
pursuant to Sections 2(a) or 2(b) shall be selected by the Founder whose Founder
Group then has the most voting power in the election of directors as compared
with the other Founder Groups. A person designated to be a nominee pursuant to
Sections 2(a) or 2(b) shall be deemed reasonably qualified unless the
Stockholders, by a vote of the majority of Class B Stock owned by them,
determine otherwise.

         Section 2. Board Nominations Following Class B Event. Following the
occurrence of a Class B Event certain members of the Board may be nominated by
the Controlling Principals as provided in Section 3(b) of the Stockholders
Agreement and Section 2(a) of the Voting Agreement and the Stockholders agree
that each Stockholder will vote for each Controlling Principal Director so
nominated.

         Section 3. First Offer. If a Stockholder (the "Offering Stockholder")
intends to Transfer any Subject Shares (the "Offered Shares") except to a
Permitted Transferee, the Offering Stockholder shall promptly notify the
Founders specifying a price at which he is willing to sell the Offered Shares
("Offer Notice"). The Founders may elect to purchase all, but not less than all,
of the Offered Shares on the terms specified in the Offer Notice. If the
Founders elect to purchase the Offered Shares, they shall notify the Offering
Stockholder no later than 30 days from the date that the Offering Stockholder
notified the other Stockholders. If any Founders elect to purchase all the
Offered Shares, they shall notify the Offering Stockholder within such period
that they elect to purchase the Offered Shares, and shall purchase the Offered
Shares in any proportion that they agree, or if they cannot agree, the Offered
Shares shall be divided among the Founders in proportion to the relative
holdings of Class B Stock by the Founder Groups of the participating Founders.

         Section 4. Election Not to Purchase. If the Founders do not elect to
purchase the Offered Shares, the Offering Stockholder may Transfer them on terms
no less favorable to the Offering Stockholder than were offered to the Founders
pursuant to the Offer Notice and as permitted by, and after complying with, the
Stockholders Agreement. If he does not sell them as provided therein, he shall
comply with Section 3 of this Agreement before again offering them to anyone
except a Permitted Transferee and as provided in the Stockholders Agreement.

         Section 5. Purchase Agreement. If the Founders elect to purchase all
the Offered Shares, the parties shall promptly negotiate an appropriate purchase
agreement that shall contain representations, warranties, terms and conditions
with respect to the Offered Shares that are typical in a purchase agreement in
which the purchaser is familiar with the financial and business aspects of the
corporation whose shares are being acquired. The purchase agreement shall

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specify a closing date selected by the Founders not later than 90 days after the
original Offer Notice was deemed received.

         Section 6. Term and Termination. This Agreement shall terminate as to
any Founder and his Founder Group when he and his Founder Group own less than 10
percent of the Subject Shares owned on the date of this Agreement. This
Agreement shall terminate in its entirely upon the termination of the
Stockholders Agreement in accordance with Section 13(c) thereof.

         Section 7. Transfers.

         (a) Any Stockholder may Transfer Subject Shares to its Permitted
Transferees without being obligated to first deliver an Offer Notice to the
Founders, provided that the Permitted Transferee undertakes in writing to be
subject to each of the terms of this Agreement and is then subject to the rights
and obligations that apply to Stockholders. Any purported Transfer to a
Permitted Transferee shall be void and ineffective as against both the
transferring Stockholder and the Permitted Transferee if the Permitted
Transferee fails to become subject to this Agreement and subject to the rights
and obligations of the transferring Stockholder.

         (b) A Stockholder may pledge or grant a security interest in Subject
Shares, or Rights to acquire Subject Shares without complying with Section 3 of
this Agreement only if it complies with the requirements of Section 6 of the
Stockholders Agreement.

         Section 8. Power of Attorney. Each Stockholder hereby constitutes and
appoints the individual Founder of the Founder Group of which such Stockholder
is a part on the date such Stockholder executes this Agreement, as attorney for
him and in his name, place and stead, and in his capacity as a Stockholder or
party to this Agreement or any related agreement, to execute and file any and
all other documents, applications and consents with the Securities and Exchange
Commission and other regulatory authorities, to sign the Stockholders Agreement
and the Voting Agreement and any amendments and modifications to any and all
other documents as the attorney may consider necessary or desirable (including
without limitation, waiver of rights hereunder and thereunder), hereby giving
and granting to said attorney full power and authority to do and perform all and
every act and thing whatsoever requisite and necessary to be done in and about
the premises as fully, to all intents and purposes, as he or she might or could
do if personally present at the doing thereof, hereby ratifying and confirming
all that said attorneys may or shall lawfully do, or cause to be done, by virtue
hereof.

         Section 9. Notices. All notices, requests, demands and other
communications required or permitted under this Agreement shall be in writing,
shall be deemed to have been duly given when delivered personally or, sent by
telecopy, or recognized service providing for guaranteed delivery, addressed to
a Stockholder at the address for such Stockholder set forth on Exhibit A hereto.
All notices, requests, demands, waivers and communications shall be deemed to
have been given on the date of delivery or on the first business day after
overnight delivery was guaranteed by a recognized delivery service, except that
any change of address shall be effective only upon actual receipt. Written
notice given by telecopy shall be deemed effective when confirmation is received
by the sending party.

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         Section 10. Legend. Each Stockholder shall have a legend substantially
to the following effect placed on each certificate for Common Stock issued to
such Stockholder:

         "The securities represented by this certificate are subject to a
         Founders Agreement (NewUnited), dated as of ________ __, 2002, copies
         of which are available from UnitedGlobalCom, Inc. upon request, and any
         sale, pledge, hypothecation, transfer, assignment or other disposition
         of such securities is subject to the provisions of such Founders
         Agreement."

The Founders shall deliver to United a copy of this Agreement and any amendments
thereto so that United can comply with requests to make this Agreement and any
amendments thereto available as contemplated by such legend.

         Section 11. Remedies. Each of the parties acknowledges and agrees that
in the event of any breach of this Agreement, the nonbreaching party would be
irreparably harmed and could not be made whole by monetary damages. Accordingly,
the parties to this Agreement, in addition to any other remedy to which they may
be entitled hereunder or at law or in equity, shall be entitled to compel
specific performance of this Agreement.

         Section 12. Entire Agreement. This Agreement, together with the
Transaction Agreements, contain all the terms and conditions agreed upon by the
parties hereto, and no other agreements, oral or otherwise, regarding the
subject matter hereof shall have any effect unless in writing and executed by
the parties after the date of this Agreement. This Agreement supersedes in its
entirety the Founders' Agreement dated as of September 30, 1999, among [CERTAIN
OF] the Stockholders, which Founders' Agreement is hereby terminated.

         Section 13. Applicable Law, Jurisdiction. This Agreement shall be
governed by Colorado law without regard to conflicts of law rules. The parties
hereby irrevocably submit to the jurisdiction of any Colorado State or United
States Federal court sitting in Colorado, and only a State or Federal Court
sitting in Colorado will have any jurisdiction over any action or proceeding
arising out of or relating to this Agreement or any agreement contemplated
hereby, and the undersigned hereby irrevocably agree that all claims in respect
of such action or proceeding shall be heard and determined in such State or
Federal court.

         Section 14. Headings. The headings in this Agreement are for
convenience only and are not to be considered in interpreting this Agreement.

         Section 15. Counterpart Execution. This Agreement may be executed in
any number of counterparts, each of which shall be deemed an original but all of
which will constitute a single agreement.

         Section 16. Parties in Interest. Nothing in this Agreement, express or
implied, is intended to confer upon any Person other than the Stockholders and
their Permitted Transferees, any benefits, rights or remedies. Neither this
Agreement nor the rights or obligations of any party may be assigned or
delegated (other than to a Permitted Transferee that becomes a party hereto in

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accordance with the terms hereof) by operation of law or otherwise without the
prior written consent of all other parties hereto.

         Section 17. Severability. The invalidity or unenforceability of any
provision of this Agreement in any application shall not affect the validity or
enforceability of such provision in any other application or the validity or
enforceability of any other provision.

         Section 18. Waivers and Amendments. No waiver of any provision of this
Agreement shall be deemed a further or continuing waiver of that provision or a
waiver of any other provision of this Agreement. This Agreement may not be
amended except in a writing signed by the Stockholders, which amendment may be
made pursuant to the power of attorney granted pursuant to Section 8 hereof.

         Section 19. Interpretation. As used herein, except as otherwise
indicated herein or as the context may otherwise require, the words "include,"
"includes" and "including" are deemed to be followed by "without limitation"
whether or not they are in fact followed by such words or words of like import;
the words "hereof," "herein," "hereunder" and comparable terms refer to the
entirety of this Agreement, and not to any particular section or other
subdivision hereof; any pronoun shall include the corresponding masculine,
feminine and neuter forms; the singular includes the plural and vice versa;
references to "Section" or another subdivision are to a section or subdivision
hereof; and all references to "the date hereof," "the date of this Agreement" or
similar terms (but excluding references to the date of execution hereof) refer
to the date first above written, notwithstanding that the parties may have
executed this Agreement on a later date. Any reference herein to a "day" or
number of "days" (without the explicit qualification of "Business") shall be
deemed to refer to a calendar day or number of calendar days. If any action or
notice is to be taken or given on or by a particular calendar day, and such
calendar day is not a Business Day, then such action or notice may be taken or
given on the next succeeding Business Day.

                            [Signature pages follow]

                                       5
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         Executed as of the date first set forth above.

                             THE G. SCHNEIDER GROUP

Dated:
       ---------------------                ------------------------------------
                                            Gene W. Schneider

                                            G. SCHNEIDER HOLDINGS, CO.,
                                            a Colorado limited partnership

Dated:                                  By:
       ---------------------                ------------------------------------
                                            Gene W. Schneider
                                            General Partner

                                        THE GENE W. SCHNEIDER FAMILY TRUST

Dated:                                  By:
       ---------------------                ------------------------------------
                                            Tina M. Schneider Wildes
                                            Trustee

Dated:                                  By:
       ---------------------                ------------------------------------
                                            Carla G. Shankle
                                            Trustee

Dated:                                  By:
       ---------------------                ------------------------------------
                                            W. Dean Salter
                                            Trustee

                                        MLS Family Partnership LLLP

                                        By: The Nicole Schneider Trust
                                            General Partner

Dated:                                  By:
       ---------------------                ------------------------------------
                                            Gene W. Schneider
                                            Trustee

Dated:                                  By:
       ---------------------                ------------------------------------
                                            John F. Riordan
                                            Trustee

                                       6
<PAGE>

                             THE M. SCHNEIDER GROUP

Dated:
       ---------------------                ------------------------------------
                                            Mark L. Schneider

                                        7
<PAGE>

                               THE ROCHELLE GROUP

                                        ROCHELLE LIMITED PARTNERSHIP

                                        By:  Curtis Rochelle Trust
                                             General Partner

Dated:                                       By:
       ---------------------                     ---------------------------
                                                 Curtis W. Rochelle
                                                 Trustee

                                        MARIAN H. ROCHELLE REVOCABLE TRUST

Dated:                                  By:
       ---------------------                --------------------------------
                                            Marian H. Rochelle
                                            Trustee

Dated:
       ---------------------            ------------------------------------
                                        Curtis W. Rochelle

Dated:                                  *
       ---------------------            ------------------------------------
                                        Marian H. Rochelle

Dated:                                  *
       ---------------------            ------------------------------------
                                        Jim Rochelle

Dated:                                  *
       ---------------------            ------------------------------------
                                        April Brimmer Kunz

Dated:                                  *
       ---------------------            ------------------------------------
                                        Kathleen Jaure

* by Curtis W. Rochelle Attorney-in-Fact

                                       8
<PAGE>

                                THE CAROLLO GROUP

Dated:
       ---------------------            ----------------------------------------
                                        Albert M. Carollo

                                        CAROLLO COMPANY,
                                        a Wyoming general partnership

Dated:                                  By:
       ---------------------                ------------------------------------
                                            Albert M. Carollo
                                            General Partner

                                        ALBERT & CAROLYN COMPANY,
                                        a Wyoming trust

Dated:                                  By: *
       ---------------------                ------------------------------------
                                            Albert M. Carollo, Jr.
                                            Trustee

                                        JAMES R. CAROLLO LIVING TRUST
                                        a Wyoming trust

Dated:                                  By: *
       ---------------------                ------------------------------------
                                            James R. Carollo
                                            Trustee

                                        JOHN B. CAROLLO LIVING TRUST
                                        a Wyoming trust

Dated:                                  By: *
       ---------------------                ------------------------------------
                                            John B. Carollo
                                            Trustee

* by Albert M. Carollo Attorney-in-Fact

                                       9

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