Document:

Amendment, dated March 26, 2010, between Shaun D. Lynn and BGC Partners, Inc.

 Exhibit 10.2 

 

 Strictly private and confidential 
 To be opened by addressee only 
 BY HAND 
 26 March 2010 
 Mr. Shaun D. Lynn

 Aythorpe Manor 
 Aythorpe Roding

 Dunmow, Essex CM6 1PD 
 Dear Shaun:

 Reference is made to your partnership interests in BGC Holdings, L.P. (“BGC Holdings” or the “Partnership”). Capitalized
terms used but not defined herein shall have the meanings set forth in the Agreement of Limited Partnership of BGC Holdings, amended and restated as of March 31, 2008 (as further amended from time to time, the “Partnership
Agreement”). 
 You acknowledge and agree to the following: (i) the Partnership shall purchase from you and redeem 702,625 REUs held
by you with an associated Post-Termination Amount of $3,500,000 for a cash payment of $946,649 and an award of 544,534 non-exchangeable PSUs; (ii) the Partnership awarded you two grants of non-exchangeable PSUs in 2010, which total 591,577 PSUs
in the aggregate; and (iii) of the 591,577 PSUs awarded in 2010, the Partnership shall purchase from you and redeem 133,105 PSUs for a cash payment of $797,033. All cash payments shall be less all applicable taxes, deductions, and withholdings,
and payable to you as soon as practicable after such redemptions. 
 You agree to execute any and all documents as required by the Partnership
in connection with executing the foregoing. This letter shall be governed by the terms and conditions of, as well as the same venue and choice of law provisions, governing the Partnership Agreement. 
 This letter agreement contains the entire agreement and understanding of each of the parties hereto with respect to the subject matter hereof, and neither
party is relying upon any promises, representations or inducements, written, oral or otherwise, which are not set forth in this letter agreement. 
 This letter agreement may only be treated as an offer capable of acceptance if executed by Howard Lutnick on behalf of the Managing General Partner. It may be executed in multiple counterparts, each of which shall constitute an original,
but all of which shall constitute one agreement. Each such counterpart signature may be delivered via telecopier or email. 
  

			
	 Sincerely,
  
 BGC HOLDINGS, L.P.

		
	By:	 	/s/    Howard W. Lutnick        
		 	Howard W. Lutnick

  

			
	 Accepted and Agreed:
  
 PARTICIPANT

		
	Signature:	 	/s/    Shaun Lynn        
		 	Shaun Lynn

 [Letter
Agreement between BGC Holdings, L.P. and Shaun D. Lynn, dated March 26, 2010]Letter agreement, dated March 29, 2010, between Sean A. Windeatt and BGC Holding

 Exhibit 10.3 

 

 

 Strictly private and confidential 
 To be opened by addressee only 
 BY HAND 
 29 March 2010 
 Mr. Sean Windeatt

 Dear Sean: 
 Reference is made to
your partnership interests in BGC Holdings, L.P. (“BGC Holdings” or the “Partnership”). Capitalized terms used but not defined herein shall have the meanings set forth in the Agreement of Limited Partnership of BGC Holdings,
amended and restated as of March 31, 2008 (as further amended from time to time, the “Partnership Agreement”). 
 You acknowledge
and agree to the following: the Partnership shall purchase from you and redeem (i) 70,424 REUs held by you with an associated Post-Termination Amount of USD 282,157 for a cash payment of USD 94,880 and an award of 54,579 non-exchangeable PSUs;
and (ii) 13,026 Founding Partner Units held by you for a cash payment of USD 78,000. All cash payments shall be less all applicable taxes, deductions, and withholdings, and payable to you as soon as practicable after such redemptions.

 You agree to execute any and all documents as required by the Partnership in connection with executing the foregoing. This letter shall be
governed by the terms and conditions of, as well as the same venue and choice of law provisions, governing the Partnership Agreement. 
 This
letter agreement contains the entire agreement and understanding of each of the parties hereto with respect to the subject matter hereof, and neither party is relying upon any promises, representations or inducements, written, oral or otherwise,
which are not set forth in this letter agreement. 
 This letter agreement may only be treated as an offer capable of acceptance if executed by
Howard Lutnick on behalf of the Managing General Partner. It may be executed in multiple counterparts, each of which shall constitute an original, but all of which shall constitute one agreement. Each such counterpart signature may be delivered via
telecopier or email. 
  

			
	Sincerely,
	
	BGC HOLDINGS, L.P.
		
	By:	 	 /s/ Howard W. Lutnick

		 	Howard W. Lutnick

 Accepted and Agreed:

 PARTICIPANT 
  

			
	Signature:	 	 /s/ Sean Windeatt

		 	Sean Windeatt

 [Letter
Agreement between BGC Holdings, L.P. and Sean Windeatt, dated March 29, 2010]Letter agreement, dated March 29, 2010, between A. Graham Sadler and BGC Holding

 Exhibit 10.4 

 

 

 Strictly private and confidential 
 To be opened by addressee only 
 BY HAND 
 29 March 2010 
 Mr. A. Graham Sadler

 Dear Graham: 
 Reference is made to
your partnership interests in BGC Holdings, L.P. (“BGC Holdings” or the “Partnership”). Capitalized terms used but not defined herein shall have the meanings set forth in the Agreement of Limited Partnership of BGC Holdings,
amended and restated as of March 31, 2008 (as further amended from time to time, the “Partnership Agreement”). 
 You acknowledge
and agree to the following: the Partnership shall purchase from you and redeem (i) 41,690 REUs held by you with an associated Post-Termination Amount of USD 69,205 for a cash payment of USD 56,167 and an award of 32,310 non-exchangeable PSUs;
and (ii), 5,334 PSUs of the 23,708 PSUs awarded to you in 2010 for a cash payment of USD 31,940. All cash payments shall be less all applicable taxes, deductions, and withholdings, and payable to you as soon as practicable after such redemptions.

 You agree to execute any and all documents as required by the Partnership in connection with executing the foregoing. This letter shall be
governed by the terms and conditions of, as well as the same venue and choice of law provisions, governing the Partnership Agreement. 
 This
letter agreement contains the entire agreement and understanding of each of the parties hereto with respect to the subject matter hereof, and neither party is relying upon any promises, representations or inducements, written, oral or otherwise,
which are not set forth in this letter agreement. 
 This letter agreement may only be treated as an offer capable of acceptance if executed by
Howard Lutnick on behalf of the Managing General Partner. It may be executed in multiple counterparts, each of which shall constitute an original, but all of which shall constitute one agreement. Each such counterpart signature may be delivered via
telecopier or email. 
  

			
	Sincerely,
	
	BGC HOLDINGS, L.P.
		
	By:	 	 /s/ Howard W. Lutnick

		 	Howard W. Lutnick

 Accepted and Agreed:

 PARTICIPANT 
  

			
	Signature:	 	 /s/ A. Graham Sadler

		 	A. Graham Sadler

 [Letter
Agreement between BGC Holdings, L.P. and A. Graham Sadler, dated March 29, 2010]Employment Agreement

 EXHIBIT 10.6 
 EXECUTIVE EMPLOYMENT AGREEMENT 
 This Executive
Employment Agreement (the “Agreement”) is entered into effective as of January 1, 2010 (the “Effective Date”) by and between Entravision Communications Corporation, a Delaware corporation (the “Company”), and
Jeffery A. Liberman (the “Executive”). 
 1. Employment. 
 a. The Executive shall serve as the president of the Company’s radio division during the term of this Agreement. The Executive will
perform such duties as are customarily performed by a similarly-situated individual of like organizations, including the duties as may reasonably be assigned from time to time by the Company’s Chief Executive Officer (the “CEO”) that
are consistent with such title and position. The Executive shall report directly to the CEO. In performing his duties, the Executive will abide by all applicable federal, state and local laws, as well as the Company’s bylaws, rules, regulations
and policies, as may be amended from time to time. 
 b. The Executive shall devote his entire productive time, ability and
attention to the Company’s business during the term of this Agreement. The Executive shall not engage in any other business duties or pursuits whatsoever, or directly or indirectly render any services of a business, commercial or professional
nature to any other person or organization, whether for compensation or otherwise, without the prior written consent of the CEO. The foregoing shall not preclude the Executive from engaging in appropriate civic, charitable or religious activities or
from devoting a reasonable amount of time to passive private investments or from serving on the boards of directors of other entities (provided that any director position shall require the prior written consent of the CEO), as long as such
activities and/or services do not interfere or conflict with his responsibilities to the Company, and any provision of this Agreement. The Executive shall not directly or indirectly acquire, hold or retain any interest in any business competing with
or similar in nature to the business of the Company, or which in any other way creates a conflict of interest, except for up to one percent (1%) ownership interests in public companies. During the term of this Agreement, the Executive shall not
in any way engage or participate in any business that is in competition with the Company. 
 2. Term. Beginning on the
Effective Date, the Company agrees to employ the Executive and the Executive accepts employment with the Company until January 2, 2013, or until such time that the Executive’s employment is terminated in accordance with the terms of this
Agreement. 
 3. Salary and Benefits. 
 a. Salary. The Executive will receive an annual base salary of Three Hundred Forty-Four Thousand Three Hundred and Twelve Dollars ($344,312), payable in equal installments according to the
Company’s regular paydays, less any applicable taxes and withholding (the “Base Annual Compensation”). The Base Annual Compensation may be increased, in the discretion of the Company’s Compensation Committee, on the first and
second anniversaries of the Effective Date of this Agreement. The increase, if any, to the Base Annual

 
Compensation made on the first and/or second anniversaries of the Effective Date of this Agreement shall be made with reference to the increase in base compensation given, in the same time
period, to the Company’s employees and other senior executive officers. 
 b. Discretionary Bonus. The Executive is
eligible for a discretionary annual bonus of up to fifty percent (50%) of his then-applicable Base Annual Compensation, subject to the approval of the Company’s Compensation Committee. Any annual bonus earned by the Executive will be
payable no later than March 15 following the year for which the annual bonus is earned. 
 c. Benefit Coverage. The
Executive is entitled to participate in all executive benefit programs and plans established by the Company from time to time for the benefit of its executives generally and for which the Executive is eligible. 
 d. Vacation and Holidays. The Executive is entitled to paid vacation time in accordance with the vacation policies established by the
Company for its employees, as may be amended from time to time. The Executive will also be entitled to the paid holidays as set forth in the Company’s policies. 
 e. Car Allowance. The Executive will receive Eight Hundred Dollars ($800) per month as a car allowance. 
 f. Equity Incentive Grants. The Executive is eligible for equity incentive grants under the Entravision Communications Corporation 2004 Equity Incentive Plan. 
 g. Expenses. The Company will pay on behalf of the Executive (or reimburse the Executive for) reasonable expenses incurred by the
Executive at the request of, or on behalf of, the Company in performance of the Executive’s duties pursuant to this Agreement, and in accordance with the Company’s employment policies. The Executive must prepare and submit expense reports
with respect to such expenses in accordance with the Company’s policies. 
 h. Miscellaneous. The Company will
indemnify the Executive consistent with the Company’s other executive officers and its legal obligations under California Labor Code Section 2802. 
 4. Termination of Employment. 
 a. The Company or the Executive may
terminate this Agreement and the Executive’s employment at any time, with or without Cause (as defined below). 
 b. In the
event the Executive is terminated for “Cause,” the Executive shall not be entitled to any severance compensation or any other compensation from the Company except for such salary and benefits as the Executive may have earned prior to the
Executive’s termination. If terminated for “Cause,” the Executive shall be ineligible for any bonus, prorated or otherwise. For purposes of this Agreement, the Company may terminate this Agreement for “Cause” for any of the
following reasons: 
 (i) The Executive’s continued failure to substantially perform his job duties and responsibilities,
provided that written notice is provided by the Company and the performance problem is not satisfactorily cured within sixty (60) days. 
  

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 (ii) The Executive’s serious misconduct, dishonesty or disloyalty, which is actually
or potentially harmful to the Company. 
 (iii) The Executive’s willful, reckless or grossly negligent act or omission
that is materially harmful to the Company. 
 (iv) The Executive’s material breach of any provision of this Agreement,
provided written notice of such breach is given by the Company and the Executive is given at least thirty (30) days to cure the breach. 
 (v) A final determination by the FCC that the Executive has committed an act or omission that has directly caused the Company to be disqualified as a licensee of the Federal Communications Commission (the
“FCC”) or to suffer sanctions by the FCC. 
 c. Should the Company terminate the Executive’s employment without
Cause, or should the Executive voluntarily terminate his employment for Good Reason (as defined below), in addition to (i) salary and benefits the Executive might have earned prior to his termination and (ii) any discretionary bonus
approved by the Company’s Compensation Committee prior to his termination, the Company will pay the Executive severance pay in an amount equal to the Executive’s then-current Base Annual Compensation (exclusive of incentive or bonus pay,
benefits and other non-cash remuneration) multiplied by one (1). Payment of severance compensation under this Section 4 shall be paid in equal payments, corresponding to the Company’s usual executive paydays. The Executive’s receipt
of the severance payment described in this Section 4.c is conditioned upon the Executive’s executing a customary form of release whereby the Executive waives all claims arising out of his employment and termination of employment.
“Termination” for purposes of this Section 4(c), shall be interpreted to mean “separation from service” within the meaning of Internal Revenue Code Section 409A, determined by applying the default rules thereof.

 d. For purposes of this Agreement, “Good Reason” shall mean (i) a material reduction in the Executive’s
then-current Base Annual Compensation, unless such reduction is applicable generally to similarly-situated senior executives of the Company, (ii) a Change in Control (as defined below) of the Company in which the Executive is not offered
continued employment as (1) the president of the radio division of the Company, (2) the president of the radio division of the surviving entity or (3) the president of a separate division or subsidiary of the surviving entity
(provided that such division or subsidiary must have assets and operations comparable to the assets and operations of the Company’s radio division immediately prior to the Change in Control) or (iii) the requirement, within one hundred
twenty (120) days following a Change in Control of the Company, that the Executive move his residence outside the greater Los Angeles, California metropolitan area. For purposes of this Agreement, “Change in Control” shall mean the
acquisition of the Company by another entity by means of any transaction or series or related transactions (including, without limitation, any reorganization, merger or

  

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consolidation, but excluding any merger effected exclusively for the purpose of changing the domicile of the Company), where the Company’s stockholders of record as constituted immediately
prior to such acquisition will, immediately after such acquisition, hold less than fifty percent (50%) of the voting power of the surviving or acquiring entity. Any termination for Good Reason shall be communicated by the Executive’s
delivery of written notice to the Company, in accordance with Section 6 below, within ninety (90) days of the initial existence of the event constituting Good Reason indicating that the Executive is voluntarily terminating his employment
for Good Reason and setting forth in reasonable detail the facts and circumstances claimed to provide a basis for termination of the Executive’s employment for Good Reason; provided, however, that the Company shall be given a
period of thirty (30) days from the date of receipt of such notice to cure any such event, and if the Company cures such event within such thirty (30) day period, the Executive shall be permitted to revoke his notice of termination.

 5. Confidentiality. 
 a. The Executive recognizes that his employment with the Company will involve contact with information of substantial value to the Company, which is not generally known to the public and which gives the
Company an advantage over its competitors who do not know or use it, including, without limitation, techniques, designs, drawings, processes, inventions, developments, equipment, prototypes, sales and customer information and business and financial
information relating to the business, products, practices and techniques of the Company (hereinafter referred to as “Confidential Information”). Confidential Information includes all information disclosed by the Company or its clients, and
information learned by the Executive during the course of employment with the Company. Notwithstanding the foregoing, Confidential Information shall not be information which: (i) has entered the public domain through no action or failure to act
of the Executive; (ii) prior to disclosure hereunder was already lawfully in the Executive’s possession without any obligation of confidentiality; (iii) subsequent to disclosure hereunder is obtained by the Executive on a
non-confidential basis from a third party who has the right to disclose such information to the Executive; or (iv) is ordered to be or otherwise required to be disclosed by the Executive by a court of law or other governmental body; provided,
however, that the Company is notified of such order or requirement and given a reasonable opportunity to intervene. 
 b. At all
times during and after the Executive’s employment with the Company, he will keep confidential and not use or disclose to any third party any Confidential Information, except in the course of his employment with the Company. 
 c. While employed by the Company and for one (1) year thereafter, the Executive may not, either directly or through any other person or
entity (i) use Confidential Information to solicit or attempt to solicit any employee, consultant, vendor or independent contractor of the Company or (ii) use Confidential Information to solicit or attempt to solicit the business of any
customer, vendor or distributor of the Company which, at the time of termination or one (1) year immediately prior thereto, was listed on the Company’s customer, vendor or distributor list. 
 6. Notices. Notices and all other communications under this Agreement shall be in writing and shall be deemed given when personally
delivered or when mailed by United States registered or certified mail, return receipt requested, postage prepaid, addressed to the party’s last know address. 
  

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 7. Waiver of Breach. The waiver by either party, or the failure of either party to
claim a breach of any provision of this Agreement, shall not operate or be construed as a waiver of any subsequent breach. 
 8.
Assignment. The rights and obligations of the respective parties hereto under this Agreement shall inure to the benefit of and shall be binding upon the heirs, legal representatives, successors and assigns of the parties hereto; provided,
however, that this Agreement shall not be assignable by the Executive without prior written consent of the Company. 
 9.
Entire Agreement. This Agreement supersedes any and all other agreements (including, without limitation, (i) that certain Executive Employment Agreement dated effective January 1, 2004 by and between the Company and the Executive
and (ii) that certain Executive Employment Agreement dated effective January 1, 2007 by and between the Company and the Executive), either oral or in writing, between the parties hereto with respect to the subject matter hereof and
contains all of the covenants and agreements between the parties with respect to said subject matter in any manner whatsoever. Any modification of this Agreement will be effective only if it is in writing and signed by both the Executive and the
CEO. 
 10. Governing Law. This Agreement shall be governed by, construed and enforced in accordance with the laws of the
State of California. 
 11. Partial Invalidity. If any provision of this Agreement is found to be invalid or
unenforceable by any court, the remaining provisions hereof shall remain in effect unless such partial invalidity or unenforceability would defeat an essential business purpose of this Agreement. 
 12. Remedy for Breach. In the event any action at law or in equity or other proceeding is brought to interpret or enforce this
Agreement, or in connection with any provision with this Agreement, the prevailing party shall be entitled to its reasonable attorneys’ fees and other costs reasonable incurred in such action or proceeding. 
 13. Counterparts. This Agreement may be executed in any number of counterparts, each of which shall be deemed an original, and all of
which shall together constitute one and the same instrument. To the maximum extent permitted by law or any applicable governmental authority, any document may be signed and transmitted by facsimile with the same validity as if it were an ink-signed
document.  
 [Remainder of Page Intentionally Left Blank] 
  

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 IN WITNESS WHEREOF, the parties hereto have caused this Agreement to be duly executed and
delivered as of the date first written above. 
  

							
	“Company”	 		 	Entravision Communications Corporation,
		 		 	a Delaware corporation
				
		 		 	By:	 	 /s/    Walter F. Ulloa

		 		 		 	Walter F. Ulloa
		 		 		 	Chairman and Chief Executive Officer
				
	“Executive”	 		 		 	
			
		 		 	 /s/    Jeffery A. Liberman

		 		 	Jeffery A. Liberman

 [Signature Page to Executive Employment Agreement] 
  

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