Document:

Employment Agreement, Christine Levesque

  Exhibit 10.30
 Employment
Agreement
 This Employment Agreement (the “Agreement”) is entered into by and between Gemstar-TV Guide International, Inc. (the “Company”)
and Christine Levesque (“Executive”), as of the 9th day of May, 2003 (the “Effective Date”).
 I.           EMPLOYMENT.
 The Company hereby employs
Executive and Executive hereby accepts such employment, upon the terms and conditions hereinafter set forth, from June 4, 2003 (the “Start Date”) (it being understood that, during any intervening period between the Effective Date and the
Start Date, neither party may, during such period, withdraw from, revoke or otherwise terminate this Agreement for any reason), to and including August 18, 2006 (the “Term”). This Agreement is subject to renewal only as set forth in
Section VI below.
 II.          DUTIES.
 A.         Executive shall serve during the course of her employment as Executive Vice President,
Communication, Marketing and Government Affairs, and shall have the duties and responsibilities set forth on Exhibit A hereto and such other duties and responsibilities as Executive and the Chief Executive Officer (the “CEO”) of the
Company may mutually agree to from time to time following the Start Date. In such capacity, the Executive shall perform the functions assigned and have the authority delegated to her, consistent with her position and the terms of this Agreement, by
the Company. During the Term, Executive shall report directly to the Company’s CEO.
 B.          Executive agrees to devote the time and attention reasonably necessary to fulfill duties for employer hereunder. Executive agrees that while she is employed by
the Company, she will not, directly or indirectly, engage in any other business activities or pursuits, whether on her own behalf or on behalf of any other person, firm or corporation; provided, however, that nothing herein shall prevent Executive,
upon approval of the Company (which approval shall not be unreasonably withheld), from serving as a director or trustee of other corporations or businesses which are not in competition with the business of the Company or in competition with any
affiliate of the Company. Furthermore, nothing herein shall prevent Executive from (i) investing in real estate for her own account, (ii) owning less than two percent (2%) of the outstanding common stock of any company whose shares are publicly
traded on a national stock exchange, are reported on NASDAQ, or are regularly traded in the over-the-counter market by a member of a national securities exchange or (iii) participating in or undertaking other activities which (x) do not conflict
with Executive’s obligations under the first sentence of this Section II-B, (y) do not compete with the business of the Company or any affiliate of the Company and (z) are performed before or after customary business hours for an individual
holding Executive’s position or a substantially similar position in the same or a substantially similar business (for purposes of illustration, and not in limitation, of this subparagraph (iii), Executive may, following the Start Date and
subject to (x), (y) and (z) above, elect to teach a class).
 

  C.          Executive shall render services
primarily in Manhattan, subject to such travel as the rendering of services hereunder may reasonably require.
 III.        COMPENSATION.
 A.         As compensation for Executive’s services, the Company will, during the Term, on regular pay dates as then in effect under applicable Company policy, pay Executive
at the rate of:
 (i)         $375,000 per annum for the period from the Start
Date through February 29, 2004;
 (ii)        $410,000 per annum for the one-year period from March 1, 2004 through February 28, 2005;
 (iii)      $435,000 per annum for the one-year period from March 1, 2005 through February 28, 2006; and
 (iv)      $435,000 per annum for the period from March 1, 2006 through August 18, 2006 (“Period 4”).
 B.          Annual Bonus. Executive shall be paid an annual bonus (the “Bonus”) at the
Company’s sole discretion (except as expressly provided in this Agreement (including without limitation the second and third sentences of this Section III-B)) based upon Executive’s performance and the performance of the Company with a
target bonus of thirty five percent (35%) of then-current base salary (the “Target Amount”), such Bonus to be determined and paid (subject to Section IV-E below and subsection (ii) of the following sentence with respect to the Stub Period)
on a calendar year basis, and paid promptly following the conclusion of the calendar year to which it relates. Notwithstanding the foregoing, Executive (i) shall be paid a guaranteed Bonus (the “Guaranteed Bonus”) of $131,250 for the
calendar year ending December 31, 2003 (not pro-rated for the partial year) and (ii) may be paid, on a discretionary basis, despite the expiration of the Term prior to December 31, 2006, a pro-rated portion of the Target Amount (the “Stub
Amount”) for the portion of year 2006 covered by the Term (the “Stub Period”), such Bonus to be paid promptly following expiration of the Term. The Company acknowledges and agrees that any failure by it to pay to Executive at least
the full Target Amount for calendar years 2004 and 2005 and the Stub Amount for the Stub Period must be premised on a reasonable basis directly relating to Executive’s performance or the Company’s performance, such reasons to be explained
to Executive in a reasonably detailed written statement delivered to her promptly following the end of the applicable calendar year or the Stub Period.
 C.          Welfare and Benefit Plans. Executive and/or her family, as the case may be, shall be eligible for participation
in and shall receive all benefits under welfare and benefit plans, arrangements, practices, policies and programs provided by the Company (including, without limitation, medical, prescription, dental, short and long-term disability, salary
continuance, employee life, group life, accidental death and travel accident insurance plans and programs and any stock option or purchase plan, stock appreciation rights plan or any 
 
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  bonus or other incentive compensation or profit-sharing or other compensation (including deferred compensation) plan) to the extent applicable or available
generally to other peer executives of the Company.
 D.         Expenses. Executive shall be entitled to receive prompt reimbursement for all reasonable employment expenses incurred by her in accordance with the policies, practices and procedures as in effect generally with respect
to other peer executives of the Company; in furtherance, but not in limitation, of the foregoing, the Company acknowledges and agrees that Executive shall in all instances be fully reimbursed for business-class (or, if business-class is not
available, first class) air travel in respect of any flight which may be reasonably expected to last three and one-half (3.5) hours or more. Further, the Company agrees to promptly reimburse Executive for the reasonable legal fees incurred by
Executive in connection with the preparation and negotiation of this Agreement, provided, that in no event will the Company be required to reimburse Executive pursuant to this sentence for more than $7,500.
 E.          Fringe Benefits. Executive shall be entitled to fringe benefits in
accordance with the plans, practices, programs and policies as in effect generally with respect to other peer executives of the Company. Further, Executive shall be entitled to no less than four (4) weeks paid vacation, per calendar year (pro-rated
for partial calendar years).
 F.          Stock
Options. (i) The Company shall grant to Executive as soon as practicable following the Start Date (but in no event more than sixty (60) days following the date thereof) (the date on which the grant is made in accordance with
the terms of this sentence, the “Grant Date”), subject to Compensation Committee approval (the “Grant Condition”) and the vesting provisions described in this Agreement, nonqualified stock options (the “Options”) under
the Company’s 1994 Stock Incentive Plan, as amended (the “Plan”), to acquire eighty six thousand six hundred sixty-eight (86,668) shares of the Company’s Common Stock (“Common Shares”). Each Option shall represent the
right to acquire one (1) Common Share. Subject to the terms of Section IV-E, the Options shall vest as follows: (i) seventeen thousand three hundred thirty-three and 6/10 (17,333.6) Options
shall vest in full and become immediately exercisable on the first anniversary of the Grant Date, (ii) seventeen thousand three hundred thirty-three and 6/10 (17,333.6) Options shall vest
in full and become immediately exercisable on the second anniversary of the Grant Date, (iii) seventeen thousand three hundred thirty-three and 6/10 (17,333.6) Options shall vest in full
and become immediately exercisable on the third anniversary of the Grant Date, (iv) seventeen thousand three hundred thirty-three and 6/10 (17,333.6) Options shall vest in full and become
immediately exercisable on the fourth anniversary of the Grant Date and (v) seventeen thousand three hundred thirty-three and 6/10 (17,333.6) Options shall vest in full and become
immediately exercisable on the fifth anniversary of the Grant Date. Except as otherwise provided under Section IV-E, the right to exercise vested Options shall expire on the tenth anniversary of the Grant Date. The exercise price per Common Share
under each Option shall equal the closing price for a Common Share on the first trading day after the Grant Date on the NASDAQ National Market Reporting System. The Company shall use its best efforts to ensure that all Common Shares issuable upon
exercise of the Options will be, upon issuance, registered on a form S-8 registration statement (or any successor form) and satisfy the requirements of Rule 16b-3(d) under the Exchange Act of 1934 (the “Exchange 
 
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  Act”) so as to exempt the grant hereunder under Section 16(b) of the Exchange Act. Except as otherwise specifically provided in this Agreement
(including the penultimate sentence of this Section III-F(i) and Section III-F-(ii) below), the Options shall be subject to and shall be evidenced by a written option agreement in the form of Exhibit B hereto (the “Option Agreement”).
Except as expressly provided in this Agreement (including the penultimate sentence of this Section III-F(i) and Section III-F(ii) below), the Options shall be subject to the terms and conditions set forth in the Plan and the Option Agreement. In the
event that a provision of this Agreement conflicts or is inconsistent with a provision of the Option Agreement or the Plan, the provision of this Agreement shall control. Additional annual Option grants may be made at Company’s sole
discretion.
 (ii)        In furtherance, and not in limitation, of the penultimate
sentence of Section III-F(i) above, the Company acknowledges and agrees that all of Sections 6 and 7 of the Option Agreement and Section 3 of Exhibit A to the Option Agreement shall under no circumstances apply to, affect or be effective against or
in respect of Executive or the Options or Executive’s rights and benefits with respect thereto as provided for herein.
 G.         Company Right to Modify Plans. The Company reserves the right to modify, suspend or discontinue any and all of the above plans, practices,
policies and programs referred to in Sections III-C, III-D, III-E and III-F (except that the amount of vacation to which Executive is entitled to each year may not be reduced) at any time without recourse by Executive so long as such action (i) is
taken generally with respect to all other similarly situated peer executives and does not single-out Executive, (ii) is taken pursuant to and in accordance with the terms of such plans, practices, policies and programs as such terms have been
presented and explained to Executive prior to the date hereof and (iii) does not materially adversely affect any rights or benefits of Executive under or in respect of the Options as such rights and benefits exist as of the Grant Date under this
Agreement, the Plan and the Option Agreement.
 IV.       TERMINATION.
 A.         Death or Disability.
Executive’s employment shall terminate automatically upon Executive’s death. In addition, the Company may terminate Executive’s employment upon 30 days’ written notice upon the Disability (as defined below) of Executive. For
purposes of this Agreement, “Disability” shall mean a physical or mental impairment which substantially limits a major life activity of Executive and which renders Executive unable to perform the essential functions of her position for (i)
a period of 120 consecutive days or (ii) an aggregate of 180 days during any twelve month period.
 

		B.	Cause. The Company may terminate Executive’s employment for Cause. For purposes of this Agreement, “Cause” shall mean 

 

		(i)	Executive is convicted, or pleads guilty or nolo contendre to, a felony;

 

		(ii)	Executive engages in continued conduct that constitutes gross negligence or willful misconduct in carrying out her duties under this Agreement, resulting, in either case, in material economic harm

 
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  to or material damage to the reputation of the Company or any of its affiliates; or
 

		(iii)	Executive breaches any material affirmative or negative covenant or undertaking hereunder (other than insubstantial breaches), which breach is not substantially cured within thirty days after written notice to Executive
specifying such breach (which notice shall refer to this Section IV-B(iii) and state that the Company believes the breach constitutes Cause hereunder).

 A termination “for Cause” shall be communicated by a written notice of termination to Executive, which notice of termination shall set forth in reasonable detail the facts and circumstances claimed to provide a basis for termination
of Executive’s employment.
 C.          Other than Cause or Death
or Disability. The Company may terminate Executive’s employment at any time, with or without Cause, upon 30 days’ written notice. Executive may terminate her employment, or resign, from the Company at any time, with
or without Good Reason (defined below), upon 30 days’ written notice.
 D.         Good Reason. Executive may terminate her employment with (or resign from) the Company for Good Reason. For the purposes of this Agreement,
“Good Reason” shall mean any of the following: (i) the Company requires Executive to relocate her principal office outside of Manhattan without Executive’s consent; (ii) the Company assigns Executive to a position other than Executive
Vice President, Communication, Marketing and Government Affairs; (iii) the Company materially diminishes Executive’s duties, authority, status or responsibilities or alters Executive’s reporting relationship; (iv) the Company breaches any
material provision of this Agreement (other than immaterial breaches), including, without limitation, the last sentence of Section III-B; (v) a material diminution of employee benefits, or any other material adverse change in Executive’s
working conditions; or (vi) the Grant Condition not being satisfied. Before terminating her employment with Good Reason, Executive shall give the Company written notice of her intent to terminate for Good Reason and the basis therefor, and the
Company shall have thirty (30) days to cure (the “Cure Period”). If the Company fails to cure the Good Reason within the Cure Period, Executive may terminate her employment and this Agreement upon the expiration of such thirty (30) day
period.
 E.          Obligations of the Company Upon
Termination. 
 1.          Death or
Disability. If Executive’s employment is terminated by reason of Executive’s death, this Agreement shall terminate without further obligations to Executive or her legal representatives under this Agreement (except
as provided in this Section IV-E-1), other than for (a) payment of the sum of (i) Executive’s annual base salary through the date of termination to the extent not theretofore paid, (ii) any accrued vacation pay to the extent not theretofore
paid and (iii) all business expenses which were incurred by Executive prior to or as of the date of termination but not yet reimbursed by the Company (the sum of the amounts described in clauses (i), (ii) and (iii) above shall be hereinafter
referred to as the “Accrued Obligations”), which 
 
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  shall be paid to Executive or her estate or beneficiary, as applicable, in a lump sum in cash within 30 days of the date of termination; (b)
payment to Executive or her estate or beneficiary, as applicable, of any amounts due pursuant to the terms of any applicable welfare or benefit plans; and (c) payment of the pro-rated portion of the Target Amount (regardless of the discretionary
nature of the Target Amount under Section II-B) for the calendar year in which Executive’s death occurs (or, in the event Executive’s death occurs (i) prior to or on December 31, 2003, payment of the pro-rated portion of the Guaranteed
Bonus or (ii) during the Stub Period, payment of the full Stub Amount), which shall be paid to Executive or her estate or beneficiary, as applicable, in a lump sum in cash within 30 days of the date of termination. If Executive’s employment is
terminated by reason of Executive’s Disability, this Agreement shall terminate without further obligations to Executive or her legal representative under this Agreement (except as provided in this Section IV-E-1), other than for (a) payment of
the sum of the Accrued Obligations, which shall be paid to Executive or her estate or beneficiary, as applicable, in a lump sum in cash within 30 days of the date of termination; (b) payment to Executive or her estate or beneficiary, as applicable,
any amounts due pursuant to the terms of any applicable welfare or benefit plans; (c) until the earlier of the end of such Disability and August 18, 2006, continued participation in medical, dental, hospitalization and life insurance coverage and in
all other employee plans and programs in which she was participating (and on the same basis that she was participating) on the date of termination of her employment due to Disability subject to the terms of such plans and to the extent such coverage
may be available to disabled employees; and (d) payment of the pro-rated portion of the Target Amount (regardless of the discretionary nature of the Target Amount under Section II-B) for the calendar year in which Executive’s termination due to
Disability occurs (or, in the event Executive’s termination due to Disability occurs (i) prior to or on December 31, 2003, payment of the pro-rated portion of the Guaranteed Bonus or (ii) during the Stub Period, payment of the full Stub
Amount), which shall be paid to Executive in a lump sum in cash within 30 days of the date of termination. In the event of a termination of the Executive’s employment as a result of death or Disability, (a) in addition to the Options already
vested, a pro-rated portion of the Options which would have vested on the first anniversary of the Grant Date following Executive’s termination shall vest in full immediately as of the date of termination and (b) Executive or her estate or
beneficiary, as applicable, shall be entitled, in accordance with the terms hereof and thereof, to exercise any Options which shall have vested prior to or as of the date of Executive’s termination. Other than as set forth in the previous
sentence, all unvested Options as of the date of termination due to death or Disability shall be terminated and forfeited.
 2.          Cause. If Executive’s employment is terminated by the Company for Cause, this Agreement shall terminate without further
obligations to Executive other than for the timely payment of Accrued Obligations, which
 
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  shall be paid to Executive in a lump sum in cash within 30 days of the date of termination. If it is subsequently determined that the Company
did not have Cause for termination under this Section IV-E-2, then the Company’s decision to terminate shall be deemed to have been made under Section IV-E-3 and the provisions thereunder shall apply and be promptly implemented. In the event of
a termination of the Executive’s employment for Cause, Executive shall be entitled, in accordance with the terms hereof and thereof, to exercise any Options which shall have vested prior to Executive’s termination. All unvested Options as
of the date of termination for Cause shall be terminated and forfeited.
 3.          Other than Cause or Death or Disability. If the Company terminates Executive’s employment for other than Cause or death or
Disability, this Agreement shall terminate without further obligations to Executive (except as provided in this Section IV-E-3) other than (a) payment of Accrued Obligations, which shall be paid to Executive in a lump sum in cash within 30 days of
the date of termination; (b) a severance payment to Executive of $410,000, which shall be paid to Executive in a lump sum in cash within 30 days of the date of termination (provided, that if Executive’s termination other than for Cause, death
or Disability occurs during Period 4, Executive will be paid in a lump sum in cash within 30 days of the date of termination, in lieu of the aforementioned $410,000, the difference between $205,000 and the gross amount of base compensation that had
been paid to Executive for Period 4 up to Executive’s date of termination); and (c) payment of the pro-rated portion of the Target Amount (regardless of the discretionary nature of the Target Amount under Section II-B) for the calendar year in
which Executive’s termination other than for Cause, death or Disability occurs (or, in the event Executive’s termination other than for Cause, death or disability occurs (i) prior to or on December 31, 2003, payment of the
pro-rated-portion of the Guaranteed Bonus or (ii) during the Stub Period, payment of the full Stub Amount), which shall be paid to Executive in a lump sum in cash within 30 days of the date of termination, in each case less standard withholdings (to
the extent applicable). Furthermore, if the Company terminates Executive’s employment for other than Cause, death or Disability, all of the Options, to the extent not previously vested at the time of such termination, shall thereupon vest in
full and shall continue to be exercisable in accordance with the terms hereof and thereof.
 4.          Termination By Executive with Good Reason. For all purposes under this Agreement, any termination (or resignation) by Executive with
Good Reason shall be treated the same as a termination by the Company other than for Cause, death or Disability and Executive shall be entitled to the payments and benefits set forth in Section IV-E-3 above.
 5.          Termination By Executive without Good Reason. If Executive terminates (or
resigns) her employment without Good Reason, this Agreement shall terminate without further obligations to Executive other than 
 
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  for the timely payment of Accrued Obligations, which shall be paid to Executive in a lump sum in cash within 30 days of the date of
termination. In the event of a termination (or resignation) by Executive of her employment without Good Reason, Executive shall be entitled, in accordance with the terms hereof and thereof, to exercise any Options which shall have vested prior to
Executive’s termination (or resignation). All unvested Options as of the date of termination (or resignation) without Good Reason shall be terminated and forfeited.
 6.          Exercise of Vested Options. In the event Executive’s employment with the Company is terminated: (i)
following the expiration of the Term for any reason, Executive (or her estate or beneficiaries, if applicable) shall have two (2) years from the date of termination to exercise Executive’s vested Options (provided, that Executive shall have no
right to exercise vested Options following the ten (10)-year anniversary of the Grant Date), (ii) prior to the expiration of the Term due to Executive’s death or Disability, Executive (or her estate or beneficiaries, if applicable) shall have
two (2) years from the date of termination to exercise Executive’s vested Options (including without limitation Options which vested on the date of termination pursuant to Section IV-E-1 above), (iii) prior to the expiration of the Term due to
the Company’s termination of the Executive for Cause, Executive shall have three (3) months from the date of termination to exercise Executive’s vested Options, (iv) prior to the expiration of the Term due to the Company’s termination
of the Executive other than for Cause, death or Disability, or termination (or resignation) by Executive for Good Reason, Executive shall have two (2) years from the date of termination to exercise Executive’s vested Options (including without
limitation Options which vested on the date of termination pursuant to Sections IV-E-3 and IV-E-4 above) or (v) prior to the expiration of the Term due to termination (or resignation) by Executive without Good Reason, Executive shall have three (3)
months from the date of termination to exercise Executive’s vested Options.
 6.          No Mitigation Required; Obligations Absolute. All amounts paid or due to Executive pursuant to this Section IV-E shall be paid without
regard to whether Executive has taken or takes actions to mitigate damages. Further, the obligations of the Company under this Section IV-E shall be absolute and unconditional and in no event subject to set-off or counterclaim.
 V.         ARBITRATION.
 Any controversy arising out of or relating to this Agreement, its enforcement or interpretation, or because of an alleged breach, default, or misrepresentation in connection with any of its provisions, shall be
submitted to arbitration in Los Angeles, California before a sole arbitrator selected from the American Arbitration Association (“AAA”), and shall be conducted in accordance with the AAA rules for the resolution of Employment Disputes as
the exclusive forum for the resolution of such dispute; provided, however, that provisional 
 
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  injunctive relief may, but need not, be sought by either party to this Agreement in a court of law while arbitration proceedings are pending, and any
provisional injunctive relief granted by such court shall remain effective in accordance with the terms thereof; provided, further, that the Arbitrator shall be knowledgeable in industry standards and practices and the matters giving rise to the
dispute, that the power of the Arbitrator shall be limited to interpreting this Agreement as written and that the Arbitrator shall state in writing the reasons for his or her award and the legal and factual conclusions underlying the award. Any
award or relief granted by the Arbitrator shall be final and binding on the parties hereto and may be enforced by any court of competent jurisdiction. Notwithstanding any term of this Section V or the AAA Rules, each party shall bear its own costs
with respect to any arbitration hereby and there shall be no “fee-shifting”. The parties acknowledge and agree that they are hereby waiving any rights to trial by jury in any action, proceeding or counterclaim brought by either of the
parties against the other in connection with any matter whatsoever arising out of this Agreement.
 VI.       RENEWAL.
 This Agreement may be renewed by mutual written agreement of the parties. Executive and Employer shall meet in good faith
to discuss renewal prior to September 1, 2005, with a view towards reaching a determination regarding the renewal or non-renewal of this Agreement at the end of the Term. Each of the parties acknowledges and agrees that neither the Company nor
Executive has any obligation to renew this Agreement or to continue Executive’s employment after the expiration of the Term, and expressly acknowledges that no promises or understandings to the contrary have been made or reached.
 VII.     ANTISOLICITATION.
 Executive promises and agrees that during the Term or renewal in accordance with Section VI above, and for a period of twelve (12) months thereafter, or for a period of twelve (12) months following the termination of
this Agreement prior to the expiration of the Term due to Executive’s termination for Cause or resignation without Good Reason, she will not cause or attempt to cause customers of the Company or any of its subsidiaries or affiliates, either
directly or indirectly, to terminate or diminish their business relationship with the Company, or any subsidiary or affiliate of the Company. Each of the parties acknowledges and agrees that the terms of this Section VII shall not apply to any
period following termination of this Agreement prior to the expiration of the Term due to Executive’s Disability or termination without Cause or resignation with Good Reason. Further, each of the parties acknowledges and agrees that the terms
of this Section VII shall not apply in the event Executive resigns from the Company prior to the expiration of the Term following Mr. Jeff Shell’s termination by or resignation from the Company for any reason (including without limitation
Mr. Shell’s death or disability) or Mr. Shell’s removal or resignation from the position of CEO of the Company for any reason.
 
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  VIII.    JOINING FORMER COMPANY EMPLOYEES.
 Executive promises and agrees that for twelve (12) months following her termination of employment, she will not enter business or work with any individual who was employed in the same
division or department of the Company as Executive (other than her Executive Assistant) at any time during the six (6) month period prior to Executive’s termination (such an individual, a “Six-Month Individual”), and who earned
annually $50,000 or more as a Company employee during the last six months of his or her own employment, in any business, partnership, firm, corporation or other entity (a “Competitor”) then in competition with the business of the Company
or any subsidiary or affiliate of the Company. Each of the parties acknowledges and agrees that the terms of this Section VIII shall only apply in the event (i) Executive would be performing substantially the same duties for Competitor as she
performs for the Company and (ii) Executive’s employment is terminated prior to the expiration of the Term by the Company for Cause or (subject to the following sentence) by the Executive without Good Reason. Each of the parties further
acknowledges and agrees that the terms of this Section VIII shall not apply in the event Executive resigns from the Company prior to the expiration of the Term following Mr. Jeff Shell’s termination by or resignation from the Company for
any reason (including without limitation Mr. Shell’s death or disability) or Mr. Shell’s removal or resignation from the position of CEO of the Company for any reason.
 IX.       SOLICITING EMPLOYEES.
 Executive promises and agrees that she will not, during the term of this Agreement and for a period of twelve (12) months following termination of her employment by the Company with Cause or by Executive without Good Reason or the expiration
of this Agreement or renewal in accordance with Section VI above, directly or indirectly solicit any Six-Month Individual (other than her Executive Assistant) who earned annually $50,000 or more as a Company employee during the last six months of
his or her own employment to work for any Competitor. Each of the parties acknowledges and agrees that the terms of this Section IX shall not apply to any period following termination of this Agreement prior to the expiration of the Term due to
Executive’s Disability or termination without Cause or resignation with Good Reason.
 X.        CONFIDENTIAL INFORMATION.
 Executive, in the performance of Executive’s duties on behalf of the Company, shall have access to,
receive and be entrusted with confidential information, including but in no way limited to development, marketing, organizational, financial, management, administrative, production, distribution and sales information, data, specifications and
processes, that is not part of the public domain (collectively, the “Confidential Material”). All such Confidential Material is considered secret and will be available to Executive in confidence. Except in the performance of duties on
behalf of the Company, Executive shall not, directly or indirectly for any reason whatsoever, disclose or use any such Confidential Material, unless such Confidential Material ceases (through no fault of Executive’s) to be confidential because
it has become part of the public domain. All records, files, drawings, documents, equipment and other tangible items, wherever located, based on the Confidential 
 
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  Material, which Executive prepares, uses or encounters, shall be and remain the Company’s sole and exclusive property and shall be included in the
Confidential Material. Upon termination of this Agreement by any means, or whenever requested by the Company, Executive shall promptly deliver to the Company any and all of the Confidential Material, not previously delivered to the Company, that may
be in Executive’s possession or under Executive’s control.
 XI.       COOPERATION
 The Executive Agrees that during the Term and for a reasonable period thereafter she will, to a reasonable extent, cooperate with the
Company’s and its affiliates’ defense against any threatened or pending litigation or in any investigation or proceeding by any governmental agency or body that relates to any events or actions which occurred during the Term. The Company
agrees to promptly reimburse the Executive for any reasonable and necessary out-of-pocket costs incurred by the Executive in providing any such assistance.
 XII.     SUCCESSORS.
 A.         This Agreement shall not, without the prior written consent of the Company, be assignable by Executive (other than in connection with Executive’s death, in which
case Executive’s successors, beneficiaries, estate and/or heirs shall automatically be entitled to all of the rights and benefits specified herein).
 B.          This Agreement shall inure to the benefit of and be binding upon the Company and its successors and assigns and any such successor or
assignee shall be deemed substituted for the Company under the terms of this Agreement for all purposes. As used herein, “successor” and “assignee” shall include any person, firm, corporation or other business entity which at any
time, whether by purchase, merger or otherwise, directly or indirectly acquires the stock of the Company or to which the Company assigns this Agreement by operation of law or otherwise.
 XIII.    WAIVER.
 No waiver of any breach of any term or provision of
this Agreement shall be construed to be, nor shall be, a waiver of any other breach of this Agreement. No waiver shall be binding unless in writing and signed by the party waiving the breach.
 XIV.   MODIFICATION.
 This Agreement may not be
amended or modified other than by a written agreement executed by Executive and the Company’s Executive Vice President Administration.
 XV.     SAVINGS CLAUSE.
 If any provision of this Agreement or the application thereof
is held invalid, the invalidity (only to the extent it does not materially alter the benefits and burdens of the parties hereunder as the same existed immediately prior to such invalidity) shall not affect other provisions or applications of the
Agreement which can be given effect without the 
 
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  invalid provisions or applications and to this end the provisions of this Agreement are declared to be severable.
 XVI.    COMPLETE AGREEMENT.
 This Agreement
constitutes and contains the entire agreement and final understanding concerning Executive’s employment with the Company and the other subject matters addressed herein between the parties. It is intended by the parties as a complete and
exclusive statement of the terms of their agreement. It supersedes and replaces all prior negotiations and all agreements proposed or otherwise, whether written or oral, concerning the subject matter hereof. Any representation, promise or agreement
not specifically included in this Agreement shall not be binding upon or enforceable against either party. This is a fully integrated agreement.
 XVII.    GOVERNING LAW.
 This Agreement shall be deemed to have been executed and delivered
within the State of California, and the rights and obligations of the parties hereunder shall be construed and enforced in accordance with, and governed by, the laws of the State of California without regard to principles of conflict of
laws.
 XVIII.    CONSTRUCTION.
 Each party has cooperated in the drafting and preparation of this Agreement. Hence, in any construction to be made of this Agreement, the same shall not be construed against any party on the basis that the party was the
drafter. The captions of this Agreement are not part of the provisions hereof and shall have no force or effect.
 XIX.     COMMUNICATIONS.
 All notices, requests, demands and other communications
hereunder shall be in writing and shall be deemed to have been duly given if delivered or if mailed by registered or certified mail, postage prepaid, addressed to Executive at c/o Friedman Kaplan Seiler & Adelman LLP, 1633 Broadway,
46th Floor, New York, New York 10019, Attention: Ellen A. Harnick or addressed to the Company at 6922 Hollywood Blvd., 12th Floor, Los Angeles, CA 90028, Attention, Executive Vice President Administration. Either party may
change the address at which notice shall be given by written notice given in the above manner.
 XX.     EXECUTION.
 This Agreement is being executed in one or more counterparts, each of which shall be deemed an original, but all of
which together shall constitute one and the same instrument. Photographic copies of such signed counterparts may be used in lieu of the originals for any purpose.
 XXI.    INDEMNITY
 
12

  To the maximum extent permitted by applicable law, the Company shall indemnify Executive and hold Executive harmless from and against any and
all claims, liabilities, judgments, fines, penalties, costs and expenses (including without limitation reasonable attorneys’ fees, costs of investigation and experts, settlements and other amounts incurred or suffered by Executive in connection
with or relating to the defense of any action, suit or proceeding, and in connection with any appeal thereof) (a) incurred by Executive in any and all threatened, pending or completed actions, suits or proceedings, whether civil or criminal,
administrative or investigative (including without limitation actions, suits or proceedings brought by or in the name of the Company or related person or entity or shareholder), by reason of Executive’s status or actions or inactions, including
actual or alleged errors or omissions, as an employee or agent of the Company or any affiliate of the Company or (b) arising out of any breach of this Agreement by the Company.
 Executive shall be entitled to such indemnification notwithstanding any actual or alleged negligence or breach of duty by Executive, provided only that Executive shall not be entitled to indemnification if a court shall
finally determine that acts of active and deliberate dishonesty by Executive were material to the claim adjudicated.
 The Company shall promptly advance to
Executive any and all expenses incurred by Executive in defending any and all such actions, suits or proceedings. The advances to be made hereunder shall be paid by the Company to Executive within twenty (20) days following delivery of a written
request therefore by Executive to the Company. However, Executive agrees to repay any expenses paid or reimbursed by the Company if it is ultimately determined that Executive is not legally entitled to be indemnified by the Company.
 This Section XXI shall survive the termination of this Agreement for any reason.
 XXII.  Representations of the Company
 The Company represents and warrants to Executive that (i) it has full power and
authority to enter into and perform its obligations under this Agreement, (ii) the execution and delivery of this Agreement by the Company has been duly authorized by all necessary corporate actions and (iii) this Agreement is the legal, valid and
binding obligation of the Company, enforceable against it in accordance with its terms (except to the extent enforcement may be limited by applicable bankruptcy, insolvency, fraudulent transfer, reorganization, moratorium and similar laws of general
applicability affecting the rights of creditors).
 
13

  In witness whereof, the parties hereto have executed this Agreement as of the date first above written.
   

	  
 	  
 	 GEMSTAR-TV GUIDE INTERNATIONAL, INC.
 
	 
 
 
 	  
 	 By 
 	 
 
  /s/  GLORIA DICKEY
 
	  
 	  
 	  
 	 
 
	  
 	  
 	 Gloria Dickey
 Executive Vice President Administration
 
	  
 	  
 	  
 
	  
 	  
 	 CHRISTINE LEVESQUE
 
	  
 	  
 	 
 
 /s/  CHRISTINE LEVESQUE 
 
	  
 	  
 	 
 

  
 
14Third Amendment and waiver to Facility A Loan Agreement

 Exhibit 10.32 
  
 THIRD AMENDMENT AND WAIVER TO 
  
 FACILITY A LOAN AGREEMENT 
  
 THIS THIRD AMENDMENT AND WAIVER TO FACILITY A LOAN AGREEMENT (this “Amendment”), dated as of June 19, 2003, among TV GUIDE, INC., a
Delaware corporation (f/k/a United Video Satellite Group, Inc.) (the “Borrower”), each lender from time to time party hereto (as defined in the Loan Agreement defined below, collectively, the “Lenders” and
individually, a “Lender”), and BANK OF AMERICA, N. A., as Administrative Agent for the Lenders. 
  
 BACKGROUND 
  
 A. The Borrower, the Lenders and the Administrative Agent are parties to that certain Facility A Loan Agreement for $300,000,000 Revolving Credit Facility
dated as of March 1, 1999, as amended by that certain First Amendment and Waiver thereto dated as of February 25, 2000, as amended by that Second Amendment thereto dated as of February 9, 2001 (as amended through the date hereof, the “Loan
Agreement”). 
  
 B. Capitalized terms used herein but not
defined herein shall have the definitions ascribed thereto in the Loan Agreement. 
  
 C. The Borrower, the Lenders and the Administrative Agent desire to amend the Loan Agreement. 
  
 NOW, THEREFORE, in consideration of the covenants, conditions and agreements hereafter set forth, and for other good and valuable consideration, the
receipt and adequacy of which are all hereby acknowledged, the parties hereto covenant and agree as follows: 
  
 1. Amendments and Additions to Definitions. 
  
 (a) Definition of EBITDA. The definition of “EBITDA” in Article 1 of the Loan Agreement shall be amended in its entirety to read
as follows: 
  
 “EBITDA” shall
mean, for the fiscal year 2002 and thereafter, with respect to the Borrower and its Restricted Subsidiaries on an attributable basis in respect of any period, the sum of (a) operating income for such period, plus (b) to the extent deducted in
determining operating income, the sum of the following for such period: (i) depreciation for such period, (ii) amortization for such period and (iii) non-cash charges for such period related to (A) compensation, (B) impairment charges and (C)
gains/losses on the disposition of assets held for sale or use, in each case preceding determined in accordance with GAAP; provided, however, that EBITDA shall be calculated after giving effect to acquisitions and dispositions of
assets of the Borrower or any Restricted Subsidiary during such period as if such transactions had occurred on the first day of such period and; provided, further, that (x) dividends received in cash from sources other than Restricted
Subsidiaries shall be included in EBITDA only to the extent such dividends represent no more then 7.5% of the EBITDA (on an 

  

 1 

 
inclusive basis), and (y) EBITDA shall not include the attributable portion of the EBITDA of any Non-Guarantor Subsidiary except to the extent such EBITDA
was distributed to the Borrower or a Restricted Subsidiary that is not a Non-Guarantor Subsidiary, provided that, so long as the Borrower is in full compliance with Section 5.18 hereof, EBITDA may include the attributable portion of EBITDA of SNG
regardless of whether such amounts are received by the Borrower or a Restricted Subsidiary. 
  
 (b) Definition of Facility A Commitment. The definition of “Facility A Commitment” in Article 1 of the Loan Agreement shall be amended in its entirety to read as follows: 
  
 “Facility A Commitment” shall mean the
several obligations of the Lenders to lend and relend to the Borrower amounts up to the aggregate amount of $275,000,000 under the terms and conditions of this Agreement, as reduced from time to time in connection with Section 2.5 hereof or
otherwise. 
  
 (c) Definition of Fixed Charges. The
definition of “Fixed Charges” in Article 1 of the Loan Agreement shall be amended in its entirety to read as follows: 
  
 “Fixed Charges” shall mean, with respect to the Borrower and its Restricted Subsidiaries on a consolidated basis, for any
period, the sum of: (a) Total Interest Expense for such period, (b) Scheduled Principal Payments during such period, (c) all scheduled payments of principal on Indebtedness for Money Borrowed (other than with respect to the Facility A Loans) during
such period (unless such Indebtedness for Money Borrowed will be prepaid in full by the end of such period as a result of prepayments that have already been made), (d) Capital Expenditures made during such period, (e) distributions made in
accordance with Section 7.7(a) hereof during such period, and (f) taxes paid during such period (excluding, to the extent not the sole obligation of the Borrower, taxes on the operating income of Non-Guarantor Subsidiaries, to the extent that such
operating income has been excluded from EBITDA). Notwithstanding the foregoing, (i) on September 1, 2003, a one time credit of $25,000,000 shall be deducted on such date from the amounts required to be included under clause (c)
preceding, and (ii) so long as (A) there exists no Default or Event of Default both before and after giving effect to the following calculations and (B) the Borrower gives notice in writing to the Administrative Agent of its decision to make the
following election, the Borrower may, on a one-time basis only, elect to make one prepayment after June 23, 2003 of a scheduled principal payment on the Facility B Loans which payment shall be deducted on the date such payment was made
from the amounts required to be included under clause (c) preceding. The calculation of Fixed Charges for the given period after giving effect to the deduction of the one time credits referenced above, shall continue to include such deduction
for as long as such period remains part of the trailing four calendar quarters applicable to the calculation of the Fixed Charge Coverage Ratio. 
  

 2 

 (d) Definition of Parent. The definition of “Parent” in Article 1 of the Loan
Agreement shall be amended to read as follows: 
  
 “Parent” shall mean Gemstar-TV Guide International, Inc. 
  
 (e) New Definition of Parent Guaranty. A definition of “Parent Guaranty” is added in alphabetical order to Article 1 of the Loan Agreement to read as follows: 
  
 “Parent Guaranty” shall mean the Guaranty
executed by Parent in favor of the Administrative Agent and the Lenders, substantially in the form of Exhibit N attached hereto. 
  
 (f) Definition of Security Documents. The definition of “Security Documents” in Article 1 of the Loan Agreement shall be amended
to read as follows: 
  
 “Security
Documents” shall mean the Borrower Pledge Agreement, any Assignment of Notes, Subsidiary Pledge Agreement, all documents, agreements and instruments granting a Lien on a portion of the cash owned by SNG, and all other documents evidencing
the Lenders’ security interest in Borrower’s, its Restricted Subsidiaries’ or SNG’s Collateral, or documents, instruments and agreements executed by any other Person granting a security interest in any property or assets to
secure the Obligations, and all Guaranties of the Obligations, including, without limitation, the Subsidiary Guaranties and the Parent Guaranty. 
  
 (g) Definition of Subsidiary Guaranty. The definition of “Subsidiary Guaranty” in Article 1 of the Loan Agreement shall be amended
to read as follows: 
  
 “Subsidiary
Guaranty” shall mean each Subsidiary Guaranty in favor of the Administrative Agent and the Lenders, given by each Restricted Subsidiary of the Borrower except Non-Guarantor Subsidiaries, each substantially in the form of Exhibit I
attached hereto. 
  
 2. Addition of Section 2.5(c) and
2.5(d). Section 2.5 of the Loan Agreement is hereby amended to add a new Section 2.5(c) and a new Section 2.5(d) to read as follows: 
  
 (c) Reductions from Prepayment of Facility B Loan Agreement. To the extent that any prepayment is
made on the Facility B Loan Agreement after June 23, 2003, the Facility A Commitment shall be automatically and permanently reduced by an amount equal to such prepayment of the Facility B Loan Agreement. 
  
 (d) Reduction on the Maturity Date. The Facility A
Commitment shall be automatically and permanently reduced to zero on the Maturity Date. 
  
 3. Amendment of Section 5.16. Section 5.16 of the Loan Agreement is hereby amended to read as follows: 
  
 Section 5.16 Non-Guarantor Subsidiary Distributions. On the last day of each calendar quarter, the Borrower shall cause each
Non-Guarantor Subsidiary to 

  

 3 

 
make a distribution to the Borrower in an amount equal to the Borrower’s attributable portion of the EBITDA of such Non-Guarantor Subsidiary for the
four quarter period then ended less the amount of all other distributions made during such period in respect of the EBITDA of such Non-Guarantor Subsidiary; provided however, that with respect to (a) SNG only, so long as (i) there
exists no Default or Event of Default and (ii) the Borrower is in full compliance with Section 5.18 hereof, the Borrower may permit SNG to retain EBITDA attributable to SNG and (b) Sneak Prevue LLC only, the Borrower may permit Sneak Prevue LLC to
retain up to $3,000,000 of EBITDA after the Agreement Date. 
  
 4.
Addition of New Section 5.17. A new Section 5.17 is hereby added to the Loan Agreement to read as follows: 
  
 5.17 Tax Shelter Regulations. The Borrower does not intend to treat the Advances and related transactions as being a
“reportable transaction” (within the meaning of Treasury Regulation Section 1.6011-4T). In the event the Borrower determines to take any action inconsistent with such intention, it will promptly notify the Administrative Agent in writing
thereof. If the Borrower so notifies the Administrative Agent, the Borrower acknowledges that one or more of the Lenders may treat its Facility A Commitment as part of a transaction that is subject to Treasury Regulation Section 301.6112-1T, and
such Lender or Lenders, as applicable, will maintain the lists and other records required by such Treasury Regulation, and take such other actions as deemed appropriate by such Lender or Lenders. 
  
 5. Addition of New Section 5.18. A new Section 5.18 is
hereby added to the Loan Agreement to read as follows: 
  
 5.18 Cash Collateral at SNG. The Borrower shall cause SNG to maintain, at all times, not less than 79% of its aggregate cash balance in all of its accounts subject to a first priority perfected Lien in favor of the
Administrative Agent on behalf of the Lenders to secure the Obligations. 
  
 6. Amendment of Section 6.3(a). Section 6.3(a) of the Loan Agreement is hereby amended to read as follows: 
  
 (a) setting forth as of the end of such quarter or calendar year, as the case may be, the arithmetical calculations required to establish
(i) adjustments to the Applicable Margin, as provided for in Section 2.3(g) hereof, and the Facility Fees (ii) the calculation of the aggregate amount of cash balances of SNG on the last day of such period and the computation of the 79% amount
required by Section 5.18 hereof to be subject to a first and prior Lien of the Administrative Agent on behalf of the Lenders, (iii) the amount of attributable EBITDA of each Non-Guarantor Subsidiary during such period; and (iv) whether or not the
Borrower was in compliance with the requirements of Sections 5.16, 5.18, 7.8, 7.9 and 7.10 hereof; 
  

 4 

 7. Amendment of Section 6.4. Section 6.4 of the Loan Agreement is hereby amended by
relettering “Section 6.4(d)” as “Section 6.4(e)” and adding a new Section 6.4(d) to read as follows: 
  
 (d) Promptly after the Borrower has notified the Administrative Agent of any intention by the Borrower to treat the Advances and related
transactions as being a “reportable transaction” (within the meaning of Treasury Regulation Section 1.6011-4T), a duly completed copy of IRS Form 8886 or any successor form. 
  
 8. Amendment of Section 11.14. Section 11.14 of the Loan Agreement is hereby amended as follows:

  
 By deleting “or” preceding “(vi)” and
adding after the comma at the end of clause (vi) the following: 
  
 or (vii) or any actual or proposed contractual counterparty (or its advisors) to securitizations, hedges, and certain derivative transactions relating to a party’s obligations hereunder so long as such actual or
proposed contractual counterparty shall have agreed to keep such information confidential as set forth herein, 
  
 and by adding the following paragraph after the end of Section 11.14 to read as follows: 
  
 Notwithstanding anything to the contrary, “Information” shall not include, and the Administrative
Agent and each Lender may disclose without limitation of any kind, any information with respect to the “tax treatment” and “tax structure” (in each case, within the meaning of Treasury Regulation Section 1.6011-4T) of the
transactions contemplated hereby and all materials of any kind (including opinions or other tax analyses) that are provided to the Administrative Agent or such Lender relating to such tax treatment and tax structure; provided that with respect to
any document or similar item that in either case contains information concerning the tax treatment or tax structure of the transaction as well as other information, this sentence shall only apply to such portions of the document or similar item that
relate to the tax treatment or tax structure of the Advances and transactions contemplated hereby. 
  
 9. Amendment to Exhibits to Loan Agreement. The Exhibits to the Loan Agreement shall be amended by adding Exhibit N, Form of Parent
Guaranty, in the form attached hereto, in alphabetical order at the end of the Loan Agreement. 
  
 10. Amendment to Schedules to Loan Agreement. The Schedules to the Loan Agreement shall be amended by deleting the Schedule 1 attached to the Loan Agreement and substituting the Schedule 1
attached to this Amendment in its stead. 
  
 11. Waiver of
Default. Subject to the covenants, terms and conditions set forth in this Amendment, and in reliance upon the representations and warranties of the Borrower, the Parent, SNG and the Restricted Subsidiaries herein contained, the
Administrative Agent and the Lender parties to this Amendment hereby waive 
  

 5 

 (a) any breach of any provision of the Loan Agreement occurring prior to the date hereof
as a result of the lack of required financial statement certification, or the restatement of the financial statements and resulting revision of financial and accounting ratios made by the Borrower with respect to the periods ending during the
Borrower’s 2002 fiscal year, provided that, this waiver shall not operate to waive any matter not previously disclosed; and 
  
 (b) any breach of Section 5.14 or any provision of any Security Document, so long as in each case within 30 days of the date of
execution by the Borrower of this Amendment, 
  
 (i) each such breach or non-compliance has been corrected and cured; 
  
 (ii) the Administrative Agent shall have received an officer’s certificate from each Restricted Subsidiary described on Schedule 1 hereto in form and substance acceptable to the Administrative Agent and
certifying as to the attached (A) resolutions authorizing the action contemplated by this Amendment in form and substance acceptable to the Administrative Agent; (B) certified articles of organization for such Restricted Subsidiary; (C) bylaws or
other governance document, (D) good standing certificate for such Restricted Subsidiary and (E) incumbency of the officers of such Restricted Subsidiary; and 
  

(iii) a certificate of an Authorized Signatory of the Borrower certifying as to the accuracy of an attached organizational chart
indicating the complete and correct name of each direct and indirect subsidiary (including foreign subsidiaries) of the Borrower, its jurisdiction of organization and the ownership of the Capital Stock of each such subsidiary (including a listing of
any minority ownership). 
  
 The waivers set forth in this
Section 11 are limited to the extent specifically set forth above and no terms, covenants or provisions of the Loan Agreement or any other Loan Document are intended to be affected hereby except to the extent specifically waived above.

  
 12. Foreign Subsidiary. Lenders hereby agree
that (a) TVGI Canada Services Company shall be a Non-Guarantor Subsidiary under the terms of the Loan Agreement, and (b) notwithstanding Section 5.14 of the Loan Agreement, only 65% of the Capital Stock of TVGI Canada Services Company shall be
required to be pledged to secure the Obligations. 
  
 13.
Unrestricted Subsidiaries. Lenders hereby agree that iTech Resource Group, LLC, ODS Properties, Inc. and Trackside Live Productions, LLC, each a 100% owned Subsidiary of ODS Technologies, L.P., shall be designated as Unrestricted
Subsidiaries in accordance with the terms of the Loan Agreement. 
  

 6 

 14. Representations and Warranties True, No Default. By its execution and delivery hereof,
the Borrower represents and warrants that, as of the date hereof: 
  
 (a) the representations and warranties contained in the Loan Agreement and the other Loan Documents are true and correct on and as of the date hereof as made on and as of such date; 
  
 (b) no event has occurred and is continuing which constitutes a Default that
is not waived herein; 
  
 (c) no other authorization, approval,
consent, or other action by, notice to, or filing with, any governmental authority or other Person, is required for the execution, delivery or performance by the Borrower of this Amendment; and 
  
 (d) Schedule 1 attached hereto lists, and the execution pages of this
Amendment contain a signature block for, each Restricted Subsidiary of the Borrower in existence on the date of this Amendment. 
  
 15. Conditions to Effectiveness. This Amendment shall be effective as of June 23, 2003, subject to the satisfaction of each of the
following: 
  
 (a) the representations and warranties set forth in
this Amendment shall be true and correct; 
  
 (b) the
Administrative Agent shall have received counterparts of this Amendment executed by Required Lenders; 
  
 (c) the Administrative Agent shall have received counterparts of this Amendment executed by the Borrower and acknowledged by each Restricted Subsidiary of
the Borrower; 
  
 (d) the Administrative Agent shall have received
executed copies of the Parent Guaranty in form and substance acceptable to the Administrative Agent and its counsel; 
  
 (e) the Borrower shall have reimbursed the Administrative Agent in full, in immediately available funds, for all fees and expenses through the date of
this Amendment to be reimbursed to the Administrative Agent and such Lenders by the Borrower in accordance with the terms of the Loan Agreement and any fee letters; 
  
 (f) the Administrative Agent shall have received an amendment fee equal to 12.5 basis points on the aggregate amount of the
executing Lenders’ Facility A Commitments for the pro rata account of the Lenders executing this Amendment; 
  
 (g) the Administrative Agent shall have received an executed pledge agreement and deposit control agreement in form and substance acceptable to the
Administrative Agent creating a first priority perfected security interest in the cash held in accounts by SNG for the pro rata benefit of the Lenders of the Facility A Loans and the Facility B Loans; 
  

 7 

 (h) the Administrative Agent shall have received certified resolutions from the Parent, the Borrower and
SNG with respect to the action contemplated by this Amendment in form and substance acceptable to the Administrative Agent; 
  
 (i) the Administrative Agent shall have received executed copies of an opinion of counsel to the Parent, the Borrower and their Subsidiaries, as to
binding nature and enforceability of this Amendment, the Parent Guaranty, the SNG pledge agreement and related deposit control agreement, and as to such other matters reasonably requested by the Administrative Agent and its counsel, in form and
substance acceptable to the Administrative Agent and its counsel; 
  
 (j) on the date hereof or in connection with (and as a condition to) the effectiveness of this Amendment, outstandings under the Facility B Loan Agreement shall be reduced by an amount equal to $25,000,000; 
  
 (k) the Administrative Agent shall have received executed copies of an
amendment to the Facility B Loan Agreement in form and substance acceptable to the Administrative Agent, its counsel and the Required Lenders; and 
  
 (l) the Administrative Agent shall have received in form and substance satisfactory to the Administrative Agent, such other documents, certificates and
instruments as the Lenders shall reasonably require. 
  
 16.
Restricted Subsidiaries’ Acknowledgment. By signing below, each Restricted Subsidiary (i) acknowledges, consents and agrees to the execution, delivery and performance by the Borrower of this Amendment, (ii) except Non-Guarantor
Subsidiaries (A) acknowledges and agrees that its obligations in respect of its Subsidiary Guaranty are not released, diminished, waived, modified, impaired or affected in any manner by this Amendment, or any of the provisions contemplated herein,
(B) ratifies and confirms its obligations under its Subsidiary Guaranty and (C) acknowledges and agrees that it has no claim or offsets against, or defenses or counterclaims to, its Subsidiary Guaranty 
  
 17. SNG’s Acknowledgment. By signing below, the SNG (i)
acknowledges, consents and agrees to the execution, delivery and performance by the Borrower of this Amendment, (ii) acknowledges and agrees that its obligations in respect of its security agreements and related collateral documents granting a lien
on its cash are not released, diminished, waived, modified, impaired or affected in any manner by this Amendment, or any of the provisions contemplated herein and (iii) acknowledges and agrees that it has no claim or offsets against, or defenses or
counterclaims to, its security agreements and related collateral documents granting a lien on its cash. 
  
 18. Reference To The Loan Agreement. 
  
 (a) Upon and during the effectiveness of this Amendment, each reference in the Loan Agreement to “this Agreement”, “hereunder”, or
words of like import shall mean and be a reference to the Loan Agreement, as affected by this Amendment. 
  
 (b) Except as expressly set forth herein, this Amendment shall not by implication or otherwise limit, impair, constitute a waiver of, or otherwise affect
the rights or remedies of the 

  

 8 

 
Administrative Agent or any of the Lenders under the Loan Agreement or any of the other Loan Documents, and shall not alter, modify, amend, or in any way
affect the terms, conditions, obligations, covenants, or agreements contained in the Loan Agreement or the other Loan Documents, all of which are hereby ratified and affirmed in all respects and shall continue in full force and effect. 

 
 19. Costs and Expenses. The Borrower shall be obligated to
pay all of the reasonable out of pocket costs and expenses of the Administrative Agent incurred in connection with the due diligence, review, determination, preparation, approval, reproduction, execution and delivery of this Amendment and the other
instruments and documents to be delivered hereunder, including without limitation, the reasonable costs and expenses of attorneys and consultants to the Administrative Agent. 
  
 20. Execution in Counterparts. This Amendment may be executed in any number of counterparts and by different
parties hereto in separate counterparts, each of which when so executed and delivered shall be deemed to be an original and all of which when taken together shall constitute but one and the same instrument. For purposes of this Amendment, a
counterpart hereof (or signature page thereto) signed and transmitted by any Person party hereto to the Administrative Agent (or its counsel) by facsimile machine, telecopier or electronic mail is to be treated as an original. The signature of such
Person thereon, for purposes hereof, is to be considered as an original signature, and the counterpart (or signature page thereto) so transmitted is to be considered to have the same binding effect as an original signature on an original document.

  
 21. Governing Law. 
  
 (a) THIS AMENDMENT SHALL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH,
THE LAW OF THE STATE OF NEW YORK APPLICABLE TO AGREEMENTS MADE AND TO BE PERFORMED ENTIRELY WITHIN SUCH STATE; PROVIDED THAT THE ADMINISTRATIVE AGENT AND EACH LENDER SHALL RETAIN ALL RIGHTS ARISING UNDER FEDERAL LAW. 
  
 (b) ANY LEGAL ACTION OR PROCEEDING WITH RESPECT TO THIS AMENDMENT OR ANY
OTHER LOAN DOCUMENT MAY BE BROUGHT IN THE COURTS OF THE STATE OF NEW YORK OR OF THE UNITED STATES FOR THE SOUTHERN DISTRICT OF SUCH STATE, AND BY EXECUTION AND DELIVERY OF THIS AMENDMENT, THE BORROWER, THE ADMINISTRATIVE AGENT AND EACH LENDER
CONSENTS (PURSUANT TO SECTION 5-1401 OF THE NEW YORK GENERAL OBLIGATION LAW), FOR ITSELF AND IN RESPECT OF ITS PROPERTY, TO THE NON-EXCLUSIVE JURISDICTION OF THOSE COURTS. THE BORROWER, THE ADMINISTRATIVE AGENT AND EACH LENDER IRREVOCABLY WAIVES ANY
OBJECTION, INCLUDING ANY OBJECTION TO THE LAYING OF VENUE OR BASED ON THE GROUNDS OF FORUM NON CONVENIENS, WHICH IT MAY NOW OR HEREAFTER HAVE TO THE BRINGING OF ANY ACTION OR PROCEEDING IN SUCH JURISDICTION IN RESPECT OF ANY LOAN DOCUMENT OR
OTHER DOCUMENT RELATED THERETO. THE BORROWER, THE ADMINISTRATIVE AGENT AND EACH LENDER WAIVES PERSONAL SERVICE OF ANY SUMMONS, COMPLAINT OR OTHER 

  

 9 

 
PROCESS, WHICH MAY BE MADE BY ANY OTHER MEANS PERMITTED BY THE LAW OF SUCH STATE. 
  
 22. Waiver of Right to Trial by Jury. EACH PARTY TO THIS AMENDMENT HEREBY EXPRESSLY WAIVES ANY RIGHT TO TRIAL
BY JURY OF ANY CLAIM, DEMAND, ACTION OR CAUSE OF ACTION ARISING UNDER ANY LOAN DOCUMENT OR IN ANY WAY CONNECTED WITH OR RELATED OR INCIDENTAL TO THE DEALINGS OF THE PARTIES HERETO OR ANY OF THEM WITH RESPECT TO ANY LOAN DOCUMENT, OR THE TRANSACTIONS
RELATED THERETO, IN EACH CASE WHETHER NOW EXISTING OR HEREAFTER ARISING, AND WHETHER FOUNDED IN CONTRACT OR TORT OR OTHERWISE; AND EACH PARTY HEREBY AGREES AND CONSENTS THAT ANY SUCH CLAIM, DEMAND, ACTION OR CAUSE OF ACTION SHALL BE DECIDED BY COURT
TRIAL WITHOUT A JURY, AND THAT ANY PARTY TO THIS AMENDMENT MAY FILE AN ORIGINAL COUNTERPART OR A COPY OF THIS SECTION WITH ANY COURT AS WRITTEN EVIDENCE OF THE CONSENT OF THE SIGNATORIES HERETO TO THE WAIVER OF THEIR RIGHT TO TRIAL BY JURY.

  
 23. Time of the Essence. Time is of the essence
of the Loan Documents. 
  
 24. Release.
 
  
 (a) Borrower, the Parent, and each of their Subsidiaries
(collectively, the “Borrower Parties”) hereby unconditionally and irrevocably remises, acquits, and fully and forever releases and discharges the Administrative Agent and the Lenders and all respective Affiliates and subsidiaries of
the Administrative Agent and the Lenders, their respective officers, servants, employees, agents, attorneys, financial advisors, principals, directors and shareholders, and their respective heirs, legal representatives, successors and assigns
(collectively, the “Released Lender Parties”) from any and all claims, demands, causes of action, obligations, remedies, suits, damages and liabilities of any nature whatsoever, whether now known, suspected or claimed, whether
arising under common law, in equity or under statute, which any Borrower Party ever had or now has against the Released Lender Parties which may have arisen at any time on or prior to the date of this Amendment but only to the extent, in each case
set forth above, related in any manner to any of the matters set forth in Section 10 of this Amendment, or the enforcement or attempted enforcement by the Administrative Agent or the Lenders of rights, remedies or recourses directly related thereto.
(collectively, the “Borrower Claims”). 
  
 (b)
Each Borrower Party covenants and agrees never to commence, voluntarily aid in any way, prosecute or cause to be commenced or prosecuted against any of the Released Lender Parties any of the Borrower Claims which may have arisen at any time on or
prior to the date of this Amendment and were in any manner related to any of the Loan Documents. 
  
 25. Headings. Section headings in this Amendment are included herein for convenience of reference only and shall not constitute a part of
this Amendment for any other purpose. 
  
 26. Entire
Agreement. THE LOAN AGREEMENT, AS AMENDED BY THIS AMENDMENT, AND THE OTHER LOAN DOCUMENTS REPRESENT THE FINAL AGREEMENT BETWEEN THE PARTIES AS TO THE SUBJECT MATTER THEREIN 
  

 10 

 
AND HEREIN AND MAY NOT BE CONTRADICTED BY EVIDENCE OF PRIOR, CONTEMPORANEOUS, OR SUBSEQUENT ORAL AGREEMENTS BETWEEN THE PARTIES. 
  

	

	REMAINDER OF PAGE LEFT INTENTIONALLY BLANK
	

  
  

 11 

 IN WITNESS WHEREOF, the parties hereto have executed this Amendment as of the date first above written.

  

	 TV GUIDE, INC.

		
	 By:
	 	  

	 Name:
	 	  

	 Title:
	 	  

  

	 	 	 	 	Third Amendment/Facility A
	 	 	12	 	 

	BANK OF AMERICA, N.A., as Administrative
Agent
		
	 By:
	 	  

	 Name:
	 	 Derrick Bell

	 Title:
	 	 Principal

  

	 	 	 	 	Third Amendment/Facility A
	 	 	13	 	 

	 BANK OF AMERICA, N.A., as a Lender

		
	 By:
	 	  

	 Name:
	 	 Derrick Bell

	 Title:
	 	 Principal

  

	 	 	 	 	Third Amendment/Facility A
	 	 	14	 	 

	BARCLAYS BANK PLC, as a Lender
		
	 By:
	 	  

	 Name:
	 	  

	 Title:
	 	  

  

	 	 	 	 	Third Amendment/Facility A
	 	 	15	 	 

	BANK OF HAWAII, as a Lender
		
	 By:
	 	  

	 Name:
	 	  

	 Title:
	 	  

  

	 	 	 	 	Third Amendment/Facility A
	 	 	16	 	 

	THE BANK OF NEW YORK COMPANY, INC.,
as a Lender
		
	 By:
	 	  

	 Name:
	 	  

	 Title:
	 	  

  

	 	 	 	 	Third Amendment/Facility A
	 	 	17	 	 

	THE BANK OF NOVA SCOTIA, as a Lender
		
	 By:
	 	  

	 Name:
	 	  

	 Title:
	 	  

  

	 	 	 	 	Third Amendment/Facility A
	 	 	18	 	 

	BANK OF OKLAHOMA, as a Lender
		
	 By:
	 	  

	 Name:
	 	  

	 Title:
	 	  

  

	 	 	 	 	Third Amendment/Facility A
	 	 	19	 	 

	BNP PARIBAS, as a Lender
		
	 By:
	 	  

	 Name:
	 	  

	 Title:
	 	  

		
	 By:
	 	  

	 Name:
	 	  

	 Title:
	 	  

  

	 	 	 	 	Third Amendment/Facility A
	 	 	20	 	 

	CITIBANK, N.A., as a Lender
		
	 By:
	 	  

	 Name:
	 	  

	 Title:
	 	  

  

	 	 	 	 	Third Amendment/Facility A
	 	 	21	 	 

	CREDIT INDUSTRIEL et COMMERCIAL, as a
Lender
		
	 By:
	 	  

	 Name:
	 	  

	 Title:
	 	  

		
	 By:
	 	  

	 Name:
	 	  

	 Title:
	 	  

  

	 	 	 	 	Third Amendment/Facility A
	 	 	22	 	 

	CREDIT LYONNAIS, as a Lender
		
	 By:
	 	  

	 Name:
	 	  

	 Title:
	 	  

  

	 	 	 	 	Third Amendment/Facility A
	 	 	23	 	 

	ERSTE BANK DER OESTERREICHISCHEN
SPARKASSEN AG, as a Lender
		
	 By:
	 	  

	 Name:
	 	  

	 Title:
	 	  

		
	 By:
	 	  

	 Name:
	 	  

	 Title:
	 	  

  

	 	 	 	 	Third Amendment/Facility A
	 	 	24	 	 

	FLEET NATIONAL BANK, as a Lender
		
	 By:
	 	  

	 Name:
	 	  

	 Title:
	 	  

  

	 	 	 	 	Third Amendment/Facility A
	 	 	25	 	 

	BANCA INTESA S.p.A., as a Lender
		
	 By:
	 	  

	 Name:
	 	  

	 Title:
	 	  

		
	 By:
	 	  

	 Name:
	 	  

	 Title:
	 	  

  

	 	 	 	 	Third Amendment/Facility A
	 	 	26	 	 

	KBC BANK, N.V., as a Lender
		
	 By:
	 	  

	 Name:
	 	  

	 Title:
	 	  

		
	 By:
	 	  

	 Name:
	 	  

	 Title:
	 	  

  

	 	 	 	 	Third Amendment/Facility A
	 	 	27	 	 

	LLOYDS TSB BANK plc, as a Lender
		
	 By:
	 	  

	 Name:
	 	  

	 Title:
	 	  

		
	 By:
	 	  

	 Name:
	 	  

	 Title:
	 	  

  

	 	 	 	 	Third Amendment/Facility A
	 	 	28	 	 

	LOCAL OKLAHOMA BANK, N.A., as a Lender
		
	 By:
	 	  

	 Name:
	 	  

	 Title:
	 	  

  

	 	 	 	 	Third Amendment/Facility A
	 	 	29	 	 

	MELLON BANK, N.A., as a Lender
		
	 By:
	 	  

	 Name:
	 	  

	 Title:
	 	  

  

	 	 	 	 	Third Amendment/Facility A
	 	 	30	 	 

	MIZUHO CORPORATE BANK, LTD., as a Lender
		
	 By:
	 	  

	 Name:
	 	  

	 Title:
	 	  

  

	 	 	 	 	Third Amendment/Facility A
	 	 	31	 	 

	TORONTO DOMINION (TEXAS), INC., as a Lender
		
	 By:
	 	  

	 Name:
	 	  

	 Title:
	 	  

  

	 	 	 	 	Third Amendment/Facility A
	 	 	32	 	 

	WACHOVIA BANK, NATIONAL
ASSOCIATION f/k/a First Union National
Bank, as a Lender
		
	 By:
	 	  

	 Name:
	 	  

	 Title:
	 	  

  

	 	 	 	 	Third Amendment/Facility A
	 	 	33	 	 

 ACKNOWLEDGED AND AGREED: 
  

 
  
 SNG:

  
  

	SUPERSTAR/NETLINK GROUP, LLC
		
	 By:
	 	  

	 Name:
	 	  

	 Title:
	 	  

  
  
  
 RESTRICTED SUBSIDIARIES: 
  
  
  
 CANADA SERVICES, INC. 
 CONTINENTAL PAPER COMPANY 
 DIRECTCOM NETWORKS, INC. 
 EUROMEDIA GROUP, INC. 
 HEALTH-GEM HOLDINGS, INC. 
 I HOLDINGS, INC. 
 INTERACTIVE PREVUE GUIDE, INC. 
 INTERACTIVE SPORTS HOLDINGS, INC. 
 IPG GROUP, INC. 
 IPG INTERNATIONAL, INC. 
 LMC NETLINK CORPORATION 
 MYR HOLDINGS, INC. 
 NETLINK USA 

	    	 	By: Westlink, Inc., its Manager 

 ODS
TECHNOLOGIES, L.P. 
 ONLINE VENTURES-A, INC. 
 PM HOLDINGS, INC. 
 PREVUE VENTURES, INC. 
 SNEAK HOLDINGS, INC. 
 SNEAK PREVUE, LLC 
 SNEAK RESOURCES, INC. 
 SNTV HOLDINGS, INC. 
 SPACECOM SYSTEMS, INC. 
 SUPERSTAR/NETLINK GROUP, LLC 
  

	 	 	 	 	Third Amendment/Facility A
	 	 	34	 	 

 TELLURIDE CABLEVISION, INC. 
 TV GUIDE AFFILIATE SALES & MARKETING, INC. 
 TV GUIDE DATA SOLUTIONS, INC. 
 TV GUIDE DIRECT, INC. 
 TV GUIDE DISTRIBUTION, INC. 
 TV GUIDE ENTERPRISE SOLUTIONS, INC. 
 TV GUIDE ENTERTAINMENT GROUP, INC. 
 TV GUIDE INTERACTIVE GROUP, INC. 
 TV GUIDE INTERACTIVE, INC. 
 TV GUIDE INTERNATIONAL, INC. 
 TV GUIDE INTERNATIONAL IPG, INC. 
 TV GUIDE MAGAZINE GROUP, INC. 
 TV GUIDE MEDIA SALES, INC. 
 TV GUIDE NETWORKS, INC. 
 TV GUIDE ONLINE, INC. 
 TV GUIDE PRODUCTIONS, INC. 
 TV GUIDE PROPERTIES, INC. 
 TV GUIDE RESOURCES, INC. 
 TV GUIDE TECHNOLOGY VENTURES, INC. 
 TVG HOLDINGS, INC. 
 TVGI CANADA SERVICES COMPANY 
 TVSM PUBLISHING, INC. 
 TVSM, INC. 
 UNITED VIDEO TV, INC. 
 UNITED VIDEO, LLC 
 UV ACQUISITION SUBSIDIARY, INC. 
 UV CORPORATION 
 UV INTERACTIVE, INC. 
 UV VENTURES, INC. 
 UVTV-A, INC. 
 UVTV-X, INC. 
 WCI HOLDINGS, INC. 
 WESTLINK, INC. 
  

	 By:
	 	  

		
	 Name:
	 	 Lester Sussman

		
	 Title:
	 	 Senior Vice President

  
  

	 	 	 	 	Third Amendment/Facility A
	 	 	35	 	 

 EXHIBIT N 
  

FORM OF PARENT GUARANTY 
  
 Third Amendment/Facility A 

 SCHEDULE 1 
  

RESTRICTED SUBSIDIARIES 
  
 Canada Services, Inc. 
 Continental Paper Company 
 DirectCom Networks, Inc. 
 Euromedia Group, Inc. 
 Health-Gem Holdings, Inc. 
 I Holdings, Inc. 
 Interactive Prevue Guide, Inc. 
 Interactive Sports Holdings, Inc. 

IPG Group, Inc. 
 IPG International, Inc. 
 LMC Netlink Corporation 
 MYR Holdings, Inc. 
 Netlink USA 
 ODS Technologies, L.P. (Non-Guarantor Subsidiary) 
 Online Ventures-A, Inc. 
 PM Holdings, Inc. 
 Prevue Ventures, Inc. 
 Sneak Holdings, Inc. 
 Sneak Prevue, LLC (Non-Guarantor Subsidiary) 
 Sneak Resources, Inc.

 SNTV Holdings, Inc. (Non-Guarantor Subsidiary) 
 Spacecom
Systems, Inc. 
 Superstar/Netlink Group, LLC (Non-Guarantor Subsidiary) 
 Telluride Cablevision, Inc. 
 TV Guide Affiliate Sales & Marketing, Inc. 
 TV Guide Data Solutions, Inc. 
 TV Guide Direct, Inc. 
 TV Guide Distribution, Inc. 
 TV Guide Enterprise Solutions, Inc. 
 TV Guide Entertainment Group, Inc. 
 TV Guide Interactive Group, Inc.

 TV Guide Interactive, Inc. 
 TV Guide International, Inc.

 TV Guide International IPG, Inc. 
 TV Guide Magazine Group,
Inc. 
 TV Guide Media Sales, Inc. 
 TV Guide Networks, Inc.

 TV Guide Online, Inc. 
 TV Guide Productions, Inc. 

TV Guide Properties, Inc. 
 TV Guide Resources, Inc. 
  
 Third Amendment/Facility A 

 TV Guide Technology Ventures, Inc. 
 TVG Holdings, Inc. 
 TVGI Canada Services Company 
 TVSM
Publishing, Inc. 
 TVSM, Inc. 
 United Video TV, Inc. 

United Video, LLC 
 UV Acquisition Subsidiary, Inc. 
 UV Corporation 
 UV Interactive, Inc. 
 UV Ventures, Inc. 
 UVTV-A, Inc. 
 UVTV-X, Inc. 
 WCI Holdings, Inc. 
 Westlink, Inc. 
  
 Third Amendment/Facility A

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00055-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00055-of-00352.parquet"}]]