Document:

Third Amendment and waiver to Facility B Loan Agreement

 Exhibit 10.33 
  
 THIRD AMENDMENT AND WAIVER TO 
  
 FACILITY B LOAN AGREEMENT 
  
 THIS THIRD AMENDMENT AND WAIVER TO FACILITY B 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 B Loan Agreement for $300,000,000 364-Day 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 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 

  

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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 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. 
  
 (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 K attached hereto. 
  

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 (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 F attached hereto. 
  
 2. 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 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. 
  
 3.
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 B Loans 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. 
  

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 4. 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. 
  
 5.
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, (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; 
  
 6. 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. 
  
 7. 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 
  

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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. 
  
 8.
Amendment to Exhibits to Loan Agreement. The Exhibits to the Loan Agreement shall be amended by adding Exhibit K, Form of Parent Guaranty, in the form attached hereto, in alphabetical order at the end of the Loan Agreement.

  
 9. 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. 
  
 10. 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 
  
 (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). 
  

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 The waivers set forth in this Section 10 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. 
  
 11. 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. 
  
 12. 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.

  
 13. 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. 
  
 14. 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; 
  

 6 

 (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 B Loans 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; 
  
 (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, the aggregate outstanding amount of Facility B Loans 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 A 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. 
  
 15.
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 
  
 16. 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. 
  

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 17. 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 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. 
  
 18. 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. 
  
 19. 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.

  
 20. 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 

  

 8 

 
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 PROCESS, WHICH MAY BE MADE BY ANY OTHER MEANS PERMITTED BY THE LAW OF SUCH STATE. 
  
 21. 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. 
  
 22.
Time of the Essence. Time is of the essence of the Loan Documents. 
  
 23. 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. 
  
 24. 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. 
  
 25. Entire Agreement. THE LOAN AGREEMENT, AS AMENDED BY THIS AMENDMENT, AND THE OTHER LOAN DOCUMENTS REPRESENT THE FINAL 

  

 9 

 
AGREEMENT BETWEEN THE PARTIES AS TO THE SUBJECT MATTER THEREIN AND HEREIN AND MAY NOT BE CONTRADICTED BY EVIDENCE OF PRIOR, CONTEMPORANEOUS, OR SUBSEQUENT
ORAL AGREEMENTS BETWEEN THE PARTIES. 
  

	

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 10 

 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 B
	 	 	11	 	 

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

	 Name:
	 	 Derrick Bell

	 Title:
	 	 Principal

  

	 	 	 	 	Third Amendment/Facility B
	 	 	12	 	 

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

	 Name:
	 	 Derrick Bell

	 Title:
	 	 Principal

  

	 	 	 	 	Third Amendment/Facility B
	 	 	13	 	 

	BARCLAYS BANK PLC, as a Lender
		
	 By:
	 	  

	 Name:
	 	  

	 Title:
	 	  

  

	 	 	 	 	Third Amendment/Facility B
	 	 	14	 	 

	BANK OF HAWAII, as a Lender
		
	 By:
	 	  

	 Name:
	 	  

	 Title:
	 	  

  

	 	 	 	 	Third Amendment/Facility B
	 	 	15	 	 

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

	 Name:
	 	  

	 Title:
	 	  

  

	 	 	 	 	Third Amendment/Facility B
	 	 	16	 	 

	THE BANK OF NOVA SCOTIA, as a Lender
		
	 By:
	 	  

	 Name:
	 	  

	 Title:
	 	  

  

	 	 	 	 	Third Amendment/Facility B
	 	 	17	 	 

	BANK OF OKLAHOMA, as a Lender
		
	 By:
	 	  

	 Name:
	 	  

	 Title:
	 	  

  

	 	 	 	 	Third Amendment/Facility B
	 	 	18	 	 

	BNP PARIBAS, as a Lender
		
	 By:
	 	  

	 Name:
	 	  

	 Title:
	 	  

		
	 By:
	 	  

	 Name:
	 	  

	 Title:
	 	  

  

	 	 	 	 	Third Amendment/Facility B
	 	 	19	 	 

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

	 Name:
	 	  

	 Title:
	 	  

  

	 	 	 	 	Third Amendment/Facility B
	 	 	20	 	 

	CREDIT INDUSTRIEL et COMMERCIAL, as a Lender
		
	 By:
	 	  

	 Name:
	 	  

	 Title:
	 	  

		
	 By:
	 	  

	 Name:
	 	  

	 Title:
	 	  

  

	 	 	 	 	Third Amendment/Facility B
	 	 	21	 	 

	CREDIT LYONNAIS, as a Lender
		
	 By:
	 	  

	 Name:
	 	  

	 Title:
	 	  

  

	 	 	 	 	Third Amendment/Facility B
	 	 	22	 	 

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

	 Name:
	 	  

	 Title:
	 	  

		
	 By:
	 	  

	 Name:
	 	  

	 Title:
	 	  

  

	 	 	 	 	Third Amendment/Facility B
	 	 	23	 	 

	FLEET NATIONAL BANK, as a Lender
		
	 By:
	 	  

	 Name:
	 	  

	 Title:
	 	  

  

	 	 	 	 	Third Amendment/Facility B
	 	 	24	 	 

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

	 Name:
	 	  

	 Title:
	 	  

		
	 By:
	 	  

	 Name:
	 	  

	 Title:
	 	  

  

	 	 	 	 	Third Amendment/Facility B
	 	 	25	 	 

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

	 Name:
	 	  

	 Title:
	 	  

		
	 By:
	 	  

	 Name:
	 	  

	 Title:
	 	  

  

	 	 	 	 	Third Amendment/Facility B
	 	 	26	 	 

	LLOYDS TSB BANK plc, as a Lender
		
	 By:
	 	  

	 Name:
	 	  

	 Title:
	 	  

		
	 By:
	 	  

	 Name:
	 	  

	 Title:
	 	  

  

	 	 	 	 	Third Amendment/Facility B
	 	 	27	 	 

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

	 Name:
	 	  

	 Title:
	 	  

  

	 	 	 	 	Third Amendment/Facility B
	 	 	28	 	 

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

	 Name:
	 	  

	 Title:
	 	  

  

	 	 	 	 	Third Amendment/Facility B
	 	 	29	 	 

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

	 Name:
	 	  

	 Title:
	 	  

  

	 	 	 	 	Third Amendment/Facility B
	 	 	30	 	 

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

	 Name:
	 	  

	 Title:
	 	  

  

	 	 	 	 	Third Amendment/Facility B
	 	 	31	 	 

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

	 Name:
	 	  

	 Title:
	 	  

  

	 	 	 	 	Third Amendment/Facility B
	 	 	32	 	 

 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 B
	 	 	33	 	 

 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 B
	 	 	34	 	 

 EXHIBIT K 
  

FORM OF PARENT GUARANTY 
  
 Third Amendment/Facility B 

 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 B 

 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 BParent Guaranty

 Exhibit 10.34 
  
 PARENT GUARANTY 
  
 THIS PARENT GUARANTY (the “Parent Guaranty”) is issued as of this 19th day of June, 2003, by GEMSTAR-TV GUIDE INTERNATIONAL,
INC., a Delaware corporation (the “Guarantor”), in favor of BANK OF AMERICA, N.A., as administrative agent (the “Administrative Agent”) for the Issuing Bank and the Lenders (each as defined herein).

  
 W I T N E S S E T H: 
  
 WHEREAS, TV Guide, Inc. (the “Borrower”) is a party to (a)
that certain Facility A Loan Agreement dated as of March 1, 1999 (together with any and all extensions, renewals, amendments, modifications, restatements or supplements thereto, the “Facility A Loan Agreement”) with the financial
institutions parties thereto (together with any permitted assignees thereof, the “Facility A Lenders”), Bank of America, N.A., as issuer of the letters of credit (in such capacity, the “Issuing Bank”) and as
administrative agent, for the Issuing Bank and the Facility A Lenders, and (b) that certain Facility B Loan Agreement dated as of March 1, 1999 (together with any and all extensions, renewals amendments, modifications, restatements or supplements
thereto, the “Facility B Loan Agreement”) with the financial institutions parties thereto (collectively, with the Facility A Lenders, the “Lenders”), Bank of America, N.A., as administrative agent for such financial
institutions, pursuant to which the Lenders and the Issuing Bank agreed severally, and not jointly, to extend credit facilities to the Borrower; and 
  
 WHEREAS, the Guarantor owns 100% of the Capital Stock of the Borrower; and 
  
 WHEREAS, the Borrower and the Guarantor are mutually dependent on each other in the conduct of their respective businesses
as an integrated operation; and 
  
 WHEREAS, the Guarantor has
determined that its execution, delivery and performance of this Parent Guaranty directly benefits, and is within the corporate purposes and in the best interests of, the Guarantor; and 
  
 WHEREAS, the Guarantor has agreed to execute this Parent Guaranty guaranteeing the payment and performance by the Borrower
of the Obligations (as defined in the Facility A Loan Agreement) and the Obligations (as defined in the Facility B Loan Agreement) (collectively, the “Guaranteed Obligations”) and covenants under the Facility A Loan Agreement, the
Facility B Loan Agreement and the other Loan Documents (as defined in each of the Facility A Loan Agreement and the Facility B Loan Agreement) executed by the Borrower (the Facility A Loan Agreement, the Facility A Notes, the Facility B Loan
Agreement, the Facility B Notes, and the other Loan Documents executed by the Borrower in connection therewith as they may be amended, modified or extended from time to time being hereinafter referred to as the “Guaranteed
Agreements”); 
  
 NOW, THEREFORE, in consideration of the
above premises, Ten Dollars ($10.00) in hand paid and other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the Guarantor hereby guarantees to the Administrative Agent, the Issuing Bank and the Lenders
the full and prompt payment of the Guaranteed Obligations, including any interest thereon, plus reasonable, actual attorneys’ fees and expenses if the obligations represented by this Parent Guaranty are collected by law, through an
attorney-at-law, or under 

 
advice therefrom. Notwithstanding anything contained in this Parent Guaranty which may be construed to the contrary, the maximum liability of the Guarantor
under this Parent Guaranty as of any date shall in no event exceed the Maximum Guaranty Liability (as such term is hereinafter defined) of the Guarantor as of such date. As used herein, the term “Maximum Guaranty Liability” shall be
that amount from time to time equal to the greatest of (a) the Adjusted Net Worth (as such term is defined below) of the Guarantor as of the end of the most recently concluded fiscal quarter of the Guarantor ended on or prior to the date of this
Parent Guaranty, (b) the highest Adjusted Net Worth (as such term is defined below) of the Guarantor at the end of any fiscal quarter ending subsequent to the date of this Parent Guaranty and prior to the earlier of the date of the commencement of a
case under Title 11 of the United States Code (the “Bankruptcy Code”) involving the Guarantor or the date enforcement of this Parent Guaranty is sought and (c) the Adjusted Net Worth (as such term is defined below) of the Guarantor
at the earlier of the date of the commencement of a case under the Bankruptcy Code involving the Guarantor or the date enforcement of this Parent Guaranty is sought. As used herein, the term “Adjusted Net Worth” as of any particular
date shall mean the excess of (i) the amount of the fair saleable value of the assets of the Guarantor (including the value of any and all rights of subrogation or contribution resulting from any payments by the Guarantor under any other guaranty)
as of such date determined in accordance with applicable Federal and state laws affecting creditors’ rights and governing determinations of the insolvency of debtors, over (ii) the amount of all liabilities of the Guarantor (excluding all
liabilities of the Guarantor under this Parent Guaranty), contingent or otherwise, as of such date, determined in accordance with the laws described in clause (i) above, minus $1.00. 
  
 The Guarantor, the Administrative Agent, the Issuing Bank and the Lenders hereby further agree that: 
  
 1. Definitions. Capitalized terms used herein and not otherwise
defined shall have the meanings ascribed thereto in the Facility A Loan Agreement and Facility B Loan Agreement, as applicable in the context used. 
  
 2. Guaranty Absolute. Regardless of whether any proposed guarantor or any other Person or Persons is or are or shall become in any other way
responsible to the Administrative Agent, the Issuing Bank and the Lenders, or any of them, for or in respect of the Guaranteed Obligations or any part thereof, and regardless of whether or not any Person or Persons now or hereafter responsible to
the Administrative Agent, the Issuing Bank and the Lenders, or any of them, for the Guaranteed Obligations or any part thereof, whether under this Parent Guaranty or otherwise, shall cease to be so liable, the Guarantor hereby declares and agrees
that this Parent Guaranty shall be a joint and several obligation, shall be a continuing guaranty and shall be operative and binding until the earlier of such time as (i) the Guaranteed Obligations shall have been paid or performed in full and none
of the Issuing Bank or any Lender shall be under any further obligation to make any additional Advances to the Borrower under the Facility A Loan Agreement and Facility B Loan Agreement, as the case may be, or (ii) the Guarantor shall have satisfied
all of its obligations under this Parent Guaranty. 
  
 3.
Integration. Upon this Parent Guaranty’s being executed and coming into the hands of the Administrative Agent, acting on behalf of the Issuing Bank and the Lenders, this Parent Guaranty shall be deemed to be finally executed and
delivered by the Guarantor and shall 
  

 2 

 
not be subject to or affected by any prior or concurrent promise or condition affecting or limiting the Guarantor’s liability, and no statement,
representation, agreement or promise heretofore made on the part of the Administrative Agent, the Issuing Bank, the Lenders, the Borrower, or any of them, or any officer, employee or agent thereof unless contained herein forms any part of this
Parent Guaranty or has induced the making thereof or shall be deemed in any way to affect the Guarantor’s liability hereunder. 
  
 4. Amendment and Waiver. No alteration or waiver of this Parent Guaranty or of any of its terms, provisions or conditions shall be binding upon the
parties against whom enforcement is sought unless made in writing and signed by an authorized officer of such party. 
  
 5. Dealings With Borrower, Etc. The Administrative Agent, the Issuing Bank and the Lenders, or any of them, may from time to time, without
exonerating or releasing the Guarantor in any way under this Parent Guaranty, (i) take such further or other security or securities for the Guaranteed Obligations or any part thereof as the Administrative Agent, the Issuing Bank and the Lenders may
deem proper, or (ii) release, discharge, abandon or otherwise deal with or fail to deal with the guarantor of the Guaranteed Obligations or any security or securities therefor or any part thereof now or hereafter held by the Administrative Agent,
the Issuing Bank and the Lenders, or any of them, or (iii) amend, modify, extend, accelerate or waive in any manner any of the provisions, terms, or conditions of the Guaranteed Agreements, all as the Administrative Agent, the Issuing Bank and the
Lenders may consider expedient or appropriate in their sole discretion. Without limiting the generality of the foregoing, or of Paragraph 6 hereof, it is understood that the Administrative Agent, the Issuing Bank and the Lenders, or any of them,
may, without exonerating or releasing the Guarantor, give up, or modify or abstain from perfecting or taking advantage of any security for the Guaranteed Obligations and accept or make any compositions or arrangements, and realize upon any security
for the Guaranteed Obligations when, and in such manner, and with or without notice, all as the Administrative Agent, the Issuing Bank and the Lenders may deem expedient. 
  
 6. Guaranty Unconditional. The Guarantor acknowledges and agrees that no change in the nature or terms of the
Guaranteed Obligations or any of the Guaranteed Agreements, or other agreements, instruments or contracts evidencing, related to or attendant with the Guaranteed Obligations (including any novation), shall discharge all or any part of the
liabilities and obligations of the Guarantor pursuant to this Parent Guaranty; it being the purpose and intent of the Guarantor, the Administrative Agent, the Issuing Bank and the Lenders that the covenants, agreements and all liabilities and
obligations of the Guarantor hereunder are absolute, unconditional and irrevocable under any and all circumstances. Without limiting the generality of the foregoing, the Guarantor agrees that until each and every one of the covenants and agreements
of this Parent Guaranty is fully performed, the Guarantor’s undertakings hereunder shall not be released, in whole or in part, by any action or thing which might, but for this paragraph of this Parent Guaranty, be deemed a legal or equitable
discharge of a surety or guarantor, or by reason of any waiver, omission of the Administrative Agent, the Issuing Bank and the Lenders, or any of them, or their failure to proceed promptly or otherwise, or by reason of any action taken or omitted by
the Administrative Agent, the Issuing Bank and the Lenders, or any of them, whether or not such action or failure to act varies or increases the risk of, or affects the rights or remedies of, the Guarantor or by reason of any further dealings
between the Borrower on the one hand and the Administrative Agent, the Issuing Bank and the Lenders, or 

  

 3 

 
any of them, on the other hand or any other guarantor or surety, and the Guarantor hereby expressly waives and surrenders any defense to its liability
hereunder based upon, and shall be deemed to have consented to, any of the foregoing acts, omissions, things, agreements or waivers. 
  
 7. Setoff. The Administrative Agent, the Issuing Bank and the Lenders may, without demand or notice of any kind upon or to the Guarantor, at any
time or from time to time when any amount shall be due and payable hereunder by the Guarantor, if the Borrower shall not have timely paid any of the Guaranteed Obligations after the lapse of any applicable cure period, appropriate and apply to any
portion of the Guaranteed Obligations hereby guaranteed, and in such order of application as the Administrative Agent, the Issuing Bank and the Lenders may from time to time elect, any property, balances, credit accounts or moneys of the Guarantor
in the possession of the Administrative Agent, the Issuing Bank and the Lenders, or any of them, or under any of their control for any purpose. 
  
 8. Loans In Excess of Maximum Parent Guaranty Liability. The creation or existence from time to time of Guaranteed Obligations in excess of the
amount committed to or outstanding on the date of this Parent Guaranty is hereby authorized, without notice to the Guarantor, and shall in no way impair or affect this Parent Guaranty or the rights of the Administrative Agent, the Issuing Bank and
the Lenders herein. The Guarantor agrees that the obligations guaranteed hereunder may at any time and from time to time exceed the Maximum Guaranty Liability of the Guarantor, without impairing its liability under this Parent Guaranty or affecting
the rights and remedies of the Administrative Agent, the Issuing Bank and the Lenders hereunder. It is the intention of the Guarantor and the Administrative Agent, the Issuing Bank and the Lenders that the Guarantor’s obligations hereunder
shall be in, but not in excess of, the maximum amount permitted by applicable Federal or state bankruptcy, insolvency, fraudulent conveyance or transfer, or similar laws (the “Applicable Laws”). To that end, but only to the extent
such obligations would otherwise be subject to avoidance under the Applicable Laws if the Guarantor is not deemed to have received valuable consideration, fair value, or reasonably equivalent value for its obligations under this Parent Guaranty, the
Guarantor’s obligations under this Parent Guaranty shall be reduced to that amount which, after giving effect hereto, would not render the Guarantor insolvent, or leave the Guarantor with unreasonably small capital to conduct its business or
cause the Guarantor to have incurred debts (or intended to have incurred debts) beyond its ability to pay such debts as they mature, at the time such obligations are deemed to have been incurred under the Applicable Laws. As used herein, the terms
“insolvent” and “unreasonably small capital” shall likewise be determined in accordance with the Applicable Laws. 
  
 9. Bankruptcy of Borrower. Upon the bankruptcy or winding up or other distribution of assets of the Borrower or of any surety or guarantor other
than the Guarantor for any Guaranteed Obligations of the Borrower to the Administrative Agent, the Issuing Bank or the Lenders, the Administrative Agent’s, the Issuing Bank’s and the Lenders’ rights against the Guarantor shall not be
affected or impaired by the Administrative Agent’s, the Issuing Bank’s or any of the Lenders’ omission to prove its or their claim, as appropriate, or to prove its or their full claim, as appropriate, and the Administrative Agent, the
Issuing Bank and the Lenders may prove such claims as they see fit and may refrain from proving any claim and in their respective discretion they may value as they see fit or refrain from valuing any security held by the 

  

 4 

 
Administrative Agent, the Issuing Bank and the Lenders, or any of them, without in any way releasing, reducing or otherwise affecting the liability to the
Administrative Agent, the Issuing Bank and the Lenders of the Guarantor. 
  
 10. Application of Payments. Any amount received by the Administrative Agent, the Issuing Bank or any of the Lenders from whatsoever source and applied toward the payment of the Guaranteed Obligations shall be
applied in the order of application set forth in the Facility A Loan Agreement and the Facility B Loan Agreement, as applicable; provided, however, that if any Lender obtains payment from any source on account of the Facility A Loans
and Facility B Loans made by it in excess of its ratable share of the Facility A Loans and Facility B Loans, such Lender shall forthwith purchase from the other Lenders such participations in the Facility A Loans and Facility B Loans as provided in
the Facility A Loan Agreement and Facility B Loan Agreement, respectively. 
  
 11. Waivers of Guarantor. The Guarantor hereby expressly waives: (a) notice of acceptance of this Parent Guaranty, (b) notice of the existence or creation of all or any of the Guaranteed Obligations, (c)
presentment, demand, notice of dishonor, protest, and all other notices whatsoever, (d) all diligence in collection or protection of or realization upon the Guaranteed Obligations or any part thereof, any obligation hereunder, or any security for
any of the foregoing, and (e) until the Administrative Agent, the Issuing Bank and the Lenders have been indefeasibly paid in full, all rights of subrogation, indemnification, contribution and reimbursement from the Borrower, all rights to enforce
any remedy which the Administrative Agent, the Issuing Bank and the Lenders, or any of them, may have against the Borrower and any benefit of, or right to participate in, any collateral or security now or hereinafter held by the Administrative
Agent, the Issuing Bank or any of the Lenders in respect of the Guaranteed Obligations, even upon payment in full of the Guaranteed Obligations, except to the extent such waiver would be expressly prohibited by Applicable Law. If a claim is ever
made upon the Administrative Agent, the Issuing Bank or any of the Lenders for the repayment or recovery of any amount or amounts received by such Person in payment of any of the Guaranteed Obligations and such Person repays all or part of such
amount by reason of (a) any judgment, decree or order of any court or administrative body having jurisdiction over such Person or any of its property, or (b) any settlement or compromise of any such claim effected by such Person with any such
claimant, including the Borrower, then in such event the Guarantor agrees that any such judgment, decree, order, settlement or compromise shall be binding upon the Guarantor, notwithstanding any revocation hereof or the cancellation of any
promissory note or other instrument evidencing any of the Guaranteed Obligations, and the Guarantor shall be and remain obligated to such Person hereunder for the amount so repaid or recovered to the same extent as if such amount had never
originally been received by such Person. 
  
 12. Assignment of
Guaranteed Obligations. The Administrative Agent, the Issuing Bank and the Lenders may each, to the extent permitted under the Facility A Loan Agreement and Facility B Loan Agreement, and without notice of any kind, sell, assign or transfer all
or any part of the Guaranteed Obligations, and in such event each and every immediate and successive assignee, transferee, or holder of all or any of the Guaranteed Obligations, shall have the right to enforce this Parent Guaranty, by suit or
otherwise, for the benefit of such assignee, transferee or holder as fully as if such assignee, transferee or holder were herein by name specifically given such rights, powers and benefits, but the Administrative Agent, the Issuing Bank and the
Lenders 

  

 5 

 
shall have an unimpaired right, to enforce this Parent Guaranty for the benefit of the Administrative Agent, the Issuing Bank and the Lenders, as to so much
of the Guaranteed Obligations as the Administrative Agent, the Issuing Bank and the Lenders have not sold, assigned or transferred. 
  
 13. Remedies Cumulative. No delay by the Lenders, the Issuing Bank and the Administrative Agent, or any of them, in the exercise of any right or
remedy shall operate as a waiver thereof, and no single or partial exercise by the Lenders, the Issuing Bank and the Administrative Agent, or any of them, of any right or remedy shall preclude other or further exercise thereof or the exercise of any
other right or remedy. No action by the Lenders, the Issuing Bank and the Administrative Agent, or any of them, permitted hereunder shall in any way impair or affect this Parent Guaranty. For the purpose of this Parent Guaranty, the Guaranteed
Obligations shall include, without limitation, all Guaranteed Obligations of the Borrower, to the Administrative Agent, the Issuing Bank and the Lenders, notwithstanding any right or power of any third party, individually or in the name of the
Borrower, the Administrative Agent, the Issuing Bank or the Lenders, or any of them, to assert any claim or defense as to the invalidity or unenforceability of any such Guaranteed Obligation, and no such claim or defense shall impair or affect the
obligations of the Guarantor hereunder. 
  
 14. Successors and
Assigns. This Parent Guaranty shall be binding upon the Guarantor, its successors and assigns and inure to the benefit of the successors and assigns of the Administrative Agent, the Issuing Bank and the Lenders. The Guarantor shall not assign
its rights or obligations under this Parent Guaranty without the prior written consent of the Administrative Agent, the Issuing Bank and the Lenders. 
  
 15. Guaranty of Payment; Notices. This is a guaranty of payment not of collection. In the event the Administrative Agent, the Issuing Bank and the
Lenders, or any of them, make a demand upon the Guarantor under this Parent Guaranty, whether or not made through the Administrative Agent, such Guarantor shall be held and bound to the Administrative Agent, the Issuing Bank and the Lenders directly
as debtor in respect of the payment of the amounts hereby guaranteed. All costs and expenses, including reasonable attorneys’ fees and expenses, incurred by the Administrative Agent, the Issuing Bank and the Lenders, or any of them, in
obtaining performance of or collecting payments due under this Parent Guaranty to the extent permitted by the Facility A Loan Agreement and Facility B Loan Agreement, as applicable, shall be deemed part of the Guaranteed Obligations guaranteed
hereby. Any notice or demand which the Administrative Agent, the Issuing Bank and the Lenders, or any of them, may wish to give shall be served upon the Guarantor in the fashion prescribed for notices in Sections 11.1 of the Facility A Loan
Agreement and Facility B Loan Agreement in care of the Borrower, and the notice so sent shall be deemed to be served as set forth in Sections 11.1 of the Facility A Loan Agreement and Facility B Loan Agreement. 
  
 16. Loans Benefit Guarantor. The Guarantor expressly represents and
acknowledges that any financial accommodations by the Administrative Agent, the Issuing Bank and the Lenders, or any of them, to the Borrower, including without limitation the extension of the Facility A Loans and Facility B Loans, are and will be
of direct interest, benefit and advantage to the Guarantor. 
  

 6 

 17. Inspections; Records. The Guarantor covenants and agrees that so long as any amount is owing
on account of the Facility A Loans, Facility B Loans, the Facility A Notes, Facility B Notes, or otherwise pursuant to this Parent Guaranty, the Guarantor shall permit representatives of the Administrative Agent, the Issuing Bank and the Lenders to
visit and inspect properties of the Guarantor during reasonable hours, inspect the Guarantor’s books and records and discuss with the principal officers of the Guarantor its businesses, assets, liabilities, financial positions, results of
operations and business prospects. 
  
 18. Governing Law.
This Parent Guaranty shall be construed in accordance with the laws of the State of New York. 
  
 19. Facility A Loan Agreement and Facility B Loan Agreement to Control. In the event any term or condition contained herein is inconsistent with the terms and conditions contained in the Facility A Loan
Agreement and Facility B Loan Agreement, as applicable, the terms and conditions of the Facility A Loan Agreement and Facility B Loan Agreement, as applicable, shall control. 
  
 [THE REMAINDER OF THIS PAGE INTENTIONALLY LEFT BLANK] 
  

 7 

 IN WITNESS WHEREOF, the Guarantor has caused this Parent Guaranty to be executed as of the date first
above written. 
  

	GEMSTAR-TV GUIDE INTERNATIONAL, INC.,
a Delaware corporation
		
	 By:
	 	  

	 Its:
	 	  

  
 GEMSTAR-TV GUIDE
INTERNATIONAL , INC. 
 PARENT GUARANTY

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