Document:

EX-10.1

DATED 31 August 2006

BETWEEN

19 ENTERTAINMENT LIMITED

and

ROBERT DODDS

SERVICE AGREEMENT

Baker & McKenzie

London

Ref: COB/MEXR

THIS AGREEMENT is made on the 31st day of August 2006

B E T W E E N:

	(1)	 	19 ENTERTAINMENT LIMITED (company number: 1886042), a company registered in England, whose
registered office is at c/ Baker & McKenzie LLP, 100 New Bridge Street London EC4V 6JA (“the
Company”);

and

	(2)	 	ROBERT DODDS of 10B the Ridings, Cobham, Surrey KT11 2PT (“the Executive”)

IT IS HEREBY AGREED as follows:-

	1.	 	APPOINTMENT

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

	2.	 	COMMENCEMENT OF EMPLOYMENT

	2.1	 	The Employment will commence on[29] August 2006 (the “Commencement Date”) and shall continue
for a period of five years, subject always to earlier termination under Clause 16 below.

	2.2	 	The Executive’s period of continuous employment began on 1 April 2003.

	3.	 	DUTIES

	3.1	 	The Executive shall be employed in the post of Executive Director of the Company (with the
title of “President” of the Company) in which capacity he shall:

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

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

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

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

	 	(e)	 	do everything in his power to maintain his present prestige and professional
standing.

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

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

	3.4	 	The Executive’s normal working hours shall be 9.00am to 5.00pm Monday to Friday, and such
additional hours (without further remuneration) as are necessary for the proper performance of
his duties of employment.

	3.5	 	The Executive shall act as Director of any Associated Company as and when requested to do so
by the Company, and shall not be entitled to any additional remuneration or fees pursuant to
his position as Director of the Company or any Associated Company.

	4.	 	EXCLUSIVITY OF SERVICE

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

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

	 	(b)	 	accept any other engagement or public office

except that during the period of the Employment the Executive may hold up to 5% of any
securities in any company which is quoted on any recognised Stock Exchange.

	4.2	 	The Executive will not at any time whilst a director or employee of the Company or any of its
subsidiaries or at any time thereafter, directly or indirectly, carry on a business in any
part of Europe, whether similar to any business carried on by the Company or any Associated
Company or otherwise, under a title containing the words “Freedom Media” or any other word or
words resembling the same and he will at all times procure that any company controlled by him
will not carry on such business under such title or name.

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

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

	4.5	 	Provided that the Executive’s position and duties as director of Popworld Limited do not
affect Executive’s ability to perform his obligations under this Agreement, or prevent the
Executive from devoting his full time and attention to his duties hereunder, and provided that
the Executive is not involved in the day to day management or oversight of Popworld Limited
and resigns as a director of Popworld Limited on reasonable notice from the Company, and
subject to the Executive complying with the option contained in Schedule 2, the Executive may
hold the position of director of Popworld Limited (company number 03323573) and exercise the
duties of a director of Popworld Limited during the term of his Employment pursuant to this
Agreement or at any time thereafter, which the Company agrees shall not place the Executive in
breach of clause 1 of Schedule 1.

	5.	 	REMUNERATION

The Company shall pay to the Executive a base salary of £400,000 per annum, payable monthly
in arrears by equal instalments.

	6.	 	EXPENSES

The Company shall reimburse to the Executive (against receipts or other satisfactory
evidence) all reasonable business expenses properly incurred and defrayed by him in the
course of the Employment. The Company agrees that the Executive shall be entitled to first
class flights and first class hotel suite accommodation when travelling in the course of his
duties of employment.

	7.	 	DEDUCTIONS

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

	8.	 	PLACE OF WORK

The Executive’s place of work shall be 32 Ransomes Dock, 35-37 Parkgate Road, London SW11
4NP or any such place in London as the Company shall from time to time advise him. In the
performance of his duties hereunder, the Executive may be required to travel both throughout
and outside the United Kingdom.

	9.	 	SICKNESS BENEFITS

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

	9.2	 	The Company reserves the right to require the Executive to undergo a medical examination by a
doctor or consultant nominated by it, in which event the Company will bear the cost thereof.

	9.3	 	Provided the Executive has complied with the above rules, he will be entitled to receive
Company Sick Pay, based on his normal salary, for the first 20 days in aggregate in any
rolling twelve month period of absence. Company Sick Pay will be deemed to include any
Statutory Sick Pay (“SSP”) which the Executive may be eligible to receive under the
legislation and regulations from time to time in force. The Executive shall not be entitled
to receive any other payments from the Company during such period of absence.

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

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

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

	10.	 	HOLIDAYS

	10.1	 	The Executive shall be entitled to receive his normal remuneration for all Bank and Public
holidays normally observed in England and a further 25 days’ holiday in each holiday year (the
period from 1 January to 31 December). The Executive may only take his holiday at such times
as are agreed with the Chief Executive Officer of the Company.

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

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

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

	11.	 	BENEFITS

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

	12.	 	REASONABLENESS OF RESTRICTIONS

The Executive recognises that, whilst performing his duties for the Company, he will have
access to and come into contact with trade secrets and confidential information belonging to
the Company or to Associated Companies and will obtain personal knowledge of and may obtain
influence over its or their customers and/or employees. The Executive therefore agrees that
the restrictions contained or referred to in Clauses 13 and 15 and Schedule 1 are reasonable
and necessary to protect the legitimate business interests of the Company and its Associated
Companies both during and after the termination of his employment.

	13.	 	CONFIDENTIALITY

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

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

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

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

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

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

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

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

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

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

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

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

	14.	 	INTELLECTUAL PROPERTY

	14.1	 	In this Clause “Intellectual Property” means rights in and in relation to Confidential
Information (as defined in clause 13.1), trade marks, service marks, trade and business names,
logos and get up (including any and all goodwill associated with or attached to any of the
same), domain names, patents, inventions (whether or not patentable), registered designs,
design rights, copyrights (including, without limitation, rights in software), copyrightable
subject matter, and moral rights and rights of attribution and integrity, publicity rights,
database rights, utility models and all rights or forms of protection having an equivalent or
similar nature or effect anywhere in the world, whether enforceable, registered, unregistered
or registrable (including, where applicable, all renewals, extensions, continuations, and
applications for registration) and the right to sue for damages for past and current
infringement (including passing off and unfair competition) in respect of any of the same.

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

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

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

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

	14.3	 	The Executive shall disclose to the Company full details of any Intellectual Property made,
discovered, produced or created by him and together with others in the course of the
Employment, whether or not (i) subject to protection under laws related to Intellectual
Property, (ii) reduced to tangible form or reduced to practice, or (iii) created during normal
working hours or using office stationery or equipment belonging to the Company, which is
connected with or in any way affects or relates to the current and intended future business of
the Company or any Associated Company.

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

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

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

	14.7	 	The Executive hereby irrevocably and unconditionally waives all rights granted by Chapter IV
of Part I of the Copyright, Designs and Patents Act 1988 that vest in him (whether before, on
or after the date hereof) in connection with his authorship of any copyright works in the
course of his employment with the Company, wherever in the world enforceable, including
without limitation the right to be identified as the author of any such works and the right
not to have any such works subjected to derogatory treatment.

	15.	 	POST-TERMINATION OBLIGATIONS

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

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

	16.	 	TERMINATION

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

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

	 	(b)	 	commit any act of gross incompetence or wilful neglect of duty or commit any
other serious breach of this Agreement; or

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

	 	(d)	 	act in any manner (whether in the course of his duties or otherwise) which is
likely to bring him, the Company or any Associated Company into disrepute or prejudice
the interests of the Company or any Associated Company; or

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

	 	(f)	 	resigns as a director of the Company or any Associated Company of which he is a
director (without the written consent of the Board of the Company or the Associated
Company concerned); or

	 	(g)	 	be or become of unsound mind; or

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

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

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

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

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

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

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

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

	17.	 	DIRECTORSHIPS

	17.1	 	Subject to clause 4.5, the Executive shall forthwith resign in writing from all
directorships, trusteeships and other offices he may hold from time to time with the Company
or any Associated Company without compensation for loss of office in the event of the
termination of his employment or if requested to do so at any other time by the Company.

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

	18.	 	POPWORLD OPTION

The Executive grants the Company an option to buy his shares in Popworld Limited on the
terms set out in schedule 2.

	19.	 	LIQUIDATION FOR RECONSTRUCTION OR AMALGAMATION

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

	20.	 	GRIEVANCE AND DISCIPLINARY PROCEDURES

If the Executive has any grievance relating to the Employment, he should raise it with the
President or Chief Operations Officer of CKX, Inc and thereafter (if the matter is not
resolved or if it involves the President or Chief Operations Officer of CKX, Inc) with the
Board. In such a case the Board will deal with the matter by discussion and majority
decision of the Board (but without the Executive being entitled to vote on that issue).
Except as set out in this Agreement, there is no disciplinary procedure applicable to the
Executive.

	21.	 	SEVERABILITY

The various provisions and sub-provisions of this Agreement and Schedule 1 attached hereto
are severable and if any provision or sub-provision is held to be unenforceable by any court
of competent jurisdiction then such unenforceability shall not affect the enforceability of
the remaining provisions or sub-provisions in this Agreement or Schedules.

	22.	 	WARRANTIES

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

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

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

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

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

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

	23.	 	NOTICES

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

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

	24.	 	DEFINITIONS

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

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

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

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

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

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

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

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

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

	24.4	 	“Immediate Relatives” shall include husband, wife, common law spouse, registered civil
partner, children, brothers, sisters, cousins, aunts, uncles, parents, grandparents, and the
aforesaid relatives by marriage or civil partnership.

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

	25.	 	CONSTRUCTION

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

	25.2	 	The benefit of each agreement and obligation of the Executive under Clause 13 and 15 and
Schedule 1 hereto of this Agreement may be assigned to and enforced by all successors and
assigns for the time being of the Company and its Associated Companies and such agreements and
obligations shall operate and remain binding notwithstanding the termination of this
Agreement.

	26.	 	PRIOR AGREEMENTS

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

	27.	 	GOVERNING LAW AND JURISDICTION

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

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

	 	 	 
	SIGNED AS A DEED by }

	 	

	19 ENTERTAINMENT LTD }/s/ Mitchell J. Slater—

	 

	acting by Mitchell J. Slater ) }

	 

	and Thomas P. Benson }/s/ Thomas P. Benson—

	 

	SIGNED AS A DEED and }

DELIVERED AS A DEED }

by ROBERT DODDS in }

the presence of

	 	

}/s/ Robert Dodds—
	
 
	 	 
	Witness’ Name

	 	Alexandra Jones—
	
 
	 	 
	Address

	 	     
	Occupation

	 	     
	Signature

	 	/s/ Alexandra Jones—
	
 
	 	 

SCHEDULE 1

Non-Competition

	1.	 	Non-Competition

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

	1.1	 	the research into, development, manufacture, supply or marketing of any product which is of
the same or similar type to any product researched, or developed, or manufactured, or
supplied, or marketed by the Company during the twelve months immediately preceding the
Termination Date;

	1.2	 	the development or provision of any services (including but not limited to technical and
product support, or consultancy or customer services) which are of the same or similar type to
any services provided by the Company during the twelve months immediately preceding the
Termination Date;

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

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

	2.	 	Non-Solicitation of Customers

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

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

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

	3.	 	Non-Solicitation of Employees

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

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

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

	4.	 	Associated Companies

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

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

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

	5.	 	Definitions

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

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

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

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

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

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

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

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

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

	5.6	 	The “Relevant Period” shall mean the period commencing on the Commencement Date and ending
twelve months immediately following the Termination Date.

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

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

SCHEDULE 2

Popworld Option

	1.	 	The Executive hereby grants the Company, in its absolute discretion, an irrevocable option to
purchase from the Executive all shares in Popworld Limited legally or beneficially owned by
the Executive from time to time (“Option Shares”).

	2.	 	The total consideration payable by the Company to the Executive for the Option Shares shall
be the lesser of £396,362.00 and the aggregate amount of consideration payable in respect of
the Option Shares pursuant to the acceptance of a Qualifying Offer (as defined in Article 18
of the Articles of Association of Popworld Limited), in both cases less any dividends or other
distributions received by the Executive in respect of the Option Shares in the period between
the Commencement Date and the date of exercise of the option granted pursuant to paragraph 1
of this schedule 2 (“Purchase Price”).

	3.	 	The option granted pursuant to paragraph 1 of this schedule 2 shall be exercisable by the
Company by serving written notice on the Executive at any time during the term of his
Employment pursuant to this Agreement.

	4.	 	Completion of the sale of the Option Shares shall occur no later than 5 Business Days after
receipt of notice by the Executive pursuant to paragraph 3 of this Schedule 2, at which time
the Company shall pay the Executive the Purchase Price, and the Executive shall deliver to the
Company the share certificates in respect of the Option Shares, and do such things and deliver
such other documents reasonably required by the Company to vest the full right, benefit and
title to the Option Shares in the Company.

	5.	 	The provisions of this schedule 2 shall at all times be subject to the Executive’s
obligations under the Memorandum and Articles of Association of Popworld Limited and any
shareholders’ agreement in force from time to time in respect of Popworld Limited, however the
Executive undertakes to use reasonable efforts to procure any consents or waivers as are
necessary pursuant to the Memorandum and Articles of Association and any shareholders’
agreement, and to do any other acts or things reasonably requested by the Company, so as to
ensure that the transfer of the Option Shares is not in breach of those documents.EX-10.2

DATED 29 January 2010

BETWEEN

19 ENTERTAINMENT LIMITED

and

ROBERT DODDS

AMENDMENT TO SERVICE AGREEMENT

THIS AGREEMENT is made on the 29th day of January 2010

B E T W E E N:

	(1)	 	19 ENTERTAINMENT LIMITED (company number: 1886042), a company registered in England, whose
registered office is at c/ Baker & McKenzie LLP, 100 New Bridge Street London EC4V 6JA (“the
Company”);

and

	(2)	 	ROBERT DODDS of 10B the Ridings, Cobham, Surrey KT11 2PT (“the Executive”)

WHEREAS:

(A) the Company and the Executive are parties to that certain service agreement dated 31 August
2006 (the “Employment Agreement”); and

(B) the Company and the Executive wish to amend certain terms of the Employment Agreement;

IT IS HEREBY AGREED as follows:-

	1.	 	With effect from 29 January 2010, Clause 1 of the Employment Agreement shall be deemed
deleted and replaced by the following:

“1. APPOINTMENT

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

	2.	 	With effect from 29 January 2010, the first two lines of Clause 3.1 of the Employment
Agreement shall be deemed deleted and replaced by the following:

“The Executive shall be employed in the post of Chief Executive Officer of the Company (with
the title of “Chief Executive Officer” of the Company) in which capacity he shall:”

	3.	 	With effect from 29 January 2010, Clause 3.1 of the Employment Agreement shall be amended as
follows:

A new subparagraph (b) shall be inserted immediately following subparagraph (a) and shall
read as follows:

“(b) have responsibility for the day to day management of the Company and the business of the
Company and its subsidiaries, subject at all times to his remaining in compliance with annual
budgets as agreed or otherwise amended or limited by the Board of the Company or the board of any
parent. For the purpose of clarity, “day to day management” shall mean authority to conduct,
supervise and oversee all aspects of day to day activities including (without limitation):

	 	(i)	 	taking or approving creative decisions,

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

	 	(iii)	 	contract negotiations;

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

	 	(v)	 	determining the identity of third party suppliers and advisers”

Thereafter, the former subparagraphs 3.1(b), (c), (d) and (e) shall become subparagraphs
(c), (d), (e) and (f), respectively.

Following new subparagraph (f), a new subparagraph (g) shall be added and shall read as
follows:

”(g) on a quarterly basis, sign such certifications as shall be requested by the Chief
Executive Officer or Chief Financial Officer of CKX, the Board of CKX or any committee
thereof, the Company’s or CKX’s auditors or any governing body having jurisdiction over the
Company or CKX, certifying as to the accuracy of the Company’s financial statements.

4. With effect from 1 January 2010, Clause 5 of the Employment Agreement shall be deemed deleted
and replaced by the following:

“5. REMUNERATION

5.1 The Company shall pay to the Executive a base salary of 400,000 per annum, payable
monthly in arrears by equal instalments, provided that effective as of January 1, 2010 the
base salary shall be increased to £1,500,000 per annum.

5.2 For calendar year 2010, the Executive shall be eligible to receive a bonus subject to
the Bonus Plan attached hereto as Exhibit 5.2.”

5.3 In addition to the bonus described in Clause 5.2 above, the Executive shall be eligible
to receive a bonus or to participate in a bonus plan as determined by the Compensation
Committee of the Board of CKX, on and subject to the sole discretion of, and terms from time
to time determined by the Committee.”

5. Except as set forth herein, all other terms of the Employment Agreement shall remain unchanged
and in full force and effect.

[Signature Page Follows]

1

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

	 	 	 
	SIGNED AS A DEED by }

	19 ENTERTAINMENT LTD }

	by Thomas P. Benson in

	the presence of

	 	}      /s/ Thomas P. Benson—
	
 
	 	 
	Witness’ Name

	 	       Jason K. Horowitz—
	
 
	 	 
	Address

	 	     
	Occupation

	 	     
	Signature

	 	_/s/ Jason K. Horowitz—
	
 
	 	 
	SIGNED AS A DEED and }

	DELIVERED AS A DEED }

	by ROBERT DODDS in }

	the presence of

	 	}/s/ Robert Dodds—
	
 
	 	 
	Witness’ Name

	 	Alexandra Jones—
	
 
	 	 
	Address

	 	     
	Occupation

	 	     
	Signature

	 	/s/ Alexandra Jones—
	
 
	 	 

EXHIBIT 5.2

Calendar Year 2010 Bonus Plan

The target bonus amount for Executive shall be £500,000 (the “Target Bonus”).

The target OIBDAN number shall be $80,000,000 (the “OIBDAN Target”), provided that operating income
(loss) before non-cash depreciation of tangible assets and non-cash amortization of intangible
assets and non-cash compensation and other non-cash charges, such as charges for impairment of
intangible assets (“OIBDAN”) shall be calculated in a manner consistent with 2009 calculations and
provided further that OIBDAN shall be calculated without giving effect to any payments made (i) to
Ryan Seacrest pursuant to the 2009 agreements between CKX and Ryan Seacrest or related entities
(“Seacrest Agreements”), (ii) to CKX or the Company from any third party in respect of services
performed by Ryan Seacrest under or pursuant to the Seacrest Agreements (iii) to Simon Fuller
pursuant to his January 2010 Consultancy Deed in excess of £504,000, (iv) to Simon Fuller under the
Compromise Agreement of January 2010; or (v) that are non-recurring “one time” payments or charges
as agreed between the Compensation Committee of the Board of CKX and Executive provided that if
there is a dispute as to the characterization of a payment or charge, the determination as to
whether such payment or charge was a non-recurring “one time” item shall be based on the
characterization of such item by the Company’s auditors.

Upon the Company achieving 90% of the OIBDAN Target, Executive shall be entitled to receive 50% of
the Target Bonus.

Upon achieving 100% of the OIBDAN Target, Executive shall be entitled to receive 100% of the Target
Bonus.

The bonus amount shall be increased pro rata for achievement of between 90% and 100% of the OIBDAN
Target .

2

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