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  Exhibit 10.6    
    

 
 

  FORM OF    
    
    U.S.$350,000,000    
    
    REVOLVING CREDIT AGREEMENT    
    
    Dated as of 
[                        ], 2009    
    
    Between
   
    
    GREENLADY CORP.    
    
    as Borrower    
    
    and    
    
    LIBERTY MEDIA CORPORATION    
    

as Lender    

 

 
 

  Table of Contents    
    

				
	 
	 	Page 
	 ARTICLE I DEFINITIONS AND ACCOUNTING TERMS
	 	 
	 	 SECTION 1.01. Certain Defined Terms
	 	

1
	 	 SECTION 1.02. Computation of Time Periods
	 	5
	 ARTICLE II AMOUNTS AND TERMS OF THE ADVANCES
	 	 
	 	 SECTION 2.01. The Advances
	 	

5
	 	 SECTION 2.02. Making the Advances
	 	5
	 	 SECTION 2.03. Repayment
	 	6
	 	 SECTION 2.04. Interest
	 	6
	 	 SECTION 2.05. Interest Rate Determination
	 	6
	 	 SECTION 2.06. Optional Prepayments
	 	6
	 	 SECTION 2.07. Illegality
	 	6
	 	 SECTION 2.08. Payments and Computations
	 	6
	 	 SECTION 2.09. Taxes
	 	7
	 	 SECTION 2.10. Use of Proceeds
	 	7
	 	 SECTION 2.11. Evidence of Debt
	 	7
	 ARTICLE III CONDITIONS TO EFFECTIVENESS AND LENDING
	 	 
	 	 SECTION 3.01. Conditions Precedent to Effectiveness of Section 2.01
	 	

8
	 	 SECTION 3.02. Conditions Precedent to Each Borrowing
	 	8
	 ARTICLE IV REPRESENTATIONS AND WARRANTIES
	 	 
	 	 SECTION 4.01. Representations and Warranties of the Borrower
	 	

9
	 ARTICLE V COVENANTS OF THE BORROWER
	 	 
	 	 SECTION 5.01. Affirmative Covenants
	 	

9
	 	 SECTION 5.02. Negative Covenants
	 	10
	 ARTICLE VI EVENTS OF DEFAULT
	 	 
	 	 SECTION 6.01. Events of Default
	 	

11
	 ARTICLE VII MISCELLANEOUS
	 	 
	 	 SECTION 7.01. Amendment, Etc
	 	

12
	 	 SECTION 7.02. Notices, Etc
	 	12
	 	 SECTION 7.03. No Waiver; Remedies
	 	13
	 	 SECTION 7.04. Costs and Expenses
	 	13
	 	 SECTION 7.05. Right of Set-off
	 	13
	 	 SECTION 7.06. Binding Effect
	 	13
	 	 SECTION 7.07. Assignments and Participations
	 	14
	 	 SECTION 7.08. Severability
	 	14
	 	 SECTION 7.09. Electronic Execution of Assignments
	 	14
	 	 SECTION 7.10. Governing Law
	 	14
	 	 SECTION 7.11. Execution in Counterparts
	 	14
	 	 SECTION 7.12. Jurisdiction; Waiver of Immunities
	 	14
	 	 SECTION 7.13. Waiver of Jury Trial
	 	15

i

 

Schedules

Schedule 5.02(a)—Existing
Liens

Schedule 5.02(b)—Existing Debt 

Exhibits

Exhibit A—Form
of Promissory Note 

Exhibit B—Form
of Notice of Borrowing 

Exhibit C—Form
of Assignment and Acceptance 

ii

 

 
 

  REVOLVING CREDIT AGREEMENT    
    
    Dated as of April [    ], 2009
 

        This
Credit Agreement, dated as of [                        ], 2009 (this
"Agreement"), is entered into by and between Greenlady Corp., a Delaware corporation (the "Borrower"),
and Liberty Media Corporation, a Delaware corporation ("LMC"), as Lender (as hereinafter defined). 

 PRELIMINARY STATEMENTS:  

        A.    The
Borrower is a wholly owned subsidiary of Liberty Entertainment, Inc. ("LEI"), and LEI has been formed for the
purpose of receiving and holding certain of the assets and liabilities attributed to LMC's Liberty Entertainment group. 

        B.    LEI
is a wholly-owned subsidiary of LMC. 

        C.    In
accordance with the Reorganization Agreement (as hereinafter defined) to which LEI and LMC are parties and the Restated Certificate of Incorporation of LMC, LMC will
effect the redemption of 90% of the issued and outstanding shares of LMC's Liberty Entertainment common stock for all of the issued and outstanding shares of common stock of LEI, subject to the
conditions set forth in the Reorganization Agreement, with the effect that LEI and its subsidiaries (including the Borrower) will be split-off (the
"Split-Off") from LMC and cease to be wholly owned subsidiaries of LMC. 

        D.    To
provide LEI and the Borrower with a source of financing after the Spit-Off, LEI and the Borrower have requested that LMC establish this revolving credit
facility pursuant to which the Borrower may obtain loans in the aggregate principal amount at any time outstanding not to exceed U.S. $350,000,000. 

        In
consideration of the foregoing recitals, the mutual agreements contained herein and other good and valuable consideration, the receipt and sufficiency of which are hereby
acknowledged, the parties hereto, intending to be bound legally, agree as follows: 

 
 

  ARTICLE I    
    
    DEFINITIONS AND ACCOUNTING TERMS    
    

        SECTION 1.01.    Certain Defined Terms.    As used in this Agreement, the following terms shall have the
following meanings (such meanings to be equally applicable to both the singular and plural forms of the terms defined): 

        "Advance" has the meaning specified in Section 2.01. 

        "Affiliate" means, as to any Person, any other Person that, directly or indirectly, controls, is controlled by or is under common control
with such Person or is a director or officer of such Person. For purposes of this definition, the term "control" (including the terms "controlling", "controlled by" and "under common control with") of
a Person means the possession, direct or indirect, of the power to vote 50% or more of the Voting Stock of such Person or to direct or cause the direction of the management and policies of such
Person, whether through the ownership of Voting Stock, by contract
or otherwise. For purposes of this Agreement, DIRECTV shall be deemed to not be an Affiliate of the Borrower. 

        "Applicable Margin" means 3.5% per annum until the date that is twelve months after the Split-Off Effective Time, and
thereafter means 5.0%. 

        "Assignment and Acceptance" means an assignment and acceptance entered into by the Lender and an assignee of the Lender in substantially
the form of Exhibit C hereto. 

        "Borrowing" means a borrowing consisting of an Advance made by the Lender pursuant to Section 2.01. 

 

        "Business Day" means a day of the year on which banks are not required or authorized by law to close in New York City and Denver, Colorado
and, if the applicable Business Day relates to the Advances, on which dealings are carried on in the London, England interbank market. 

        "Change of Control" means the occurrence of any of the following: (a) any Person or two or more Persons acting in concert shall
have acquired beneficial ownership (within the meaning of Rule 13d 3 of the Securities and Exchange Commission under the Securities Exchange Act of 1934), directly or indirectly, of Voting
Stock of LEI (or other securities convertible into such Voting Stock), other than an Exempt Person, representing 20% or more of the combined voting power of all Voting Stock of the Borrower; or
(b) during any period of up to 24 consecutive months, commencing after the date of this Agreement, Continuing Directors shall cease for any reason to constitute a majority of the board of
directors of LEI; (c) a consolidation, amalgamation or merger involving LEI in which the holders of LEI common stock prior thereto receive Voting Stock representing less than 80% of the
combined voting power of all Voting Stock of the issuer thereof; or (d) the Borrower ceases to be a wholly-owned subsidiary of LEI, or the Borrower sells 50% or more of The DirecTV
Group, Inc. common stock owned by the Borrower on the date hereof.. 

        "Commitment" means U.S. $350,000,000. 

        "Consolidated" refers to the consolidation of accounts in accordance with GAAP. 

        "Continuing Directors" means the directors of LEI on the Effective Date and each other director if, in each case, such other director's
nomination for election to the Board of Directors of the Borrower is recommended by at least a majority of the then Continuing Directors. 

        "Debt" of any Person means, without duplication, (a) all indebtedness of such Person for borrowed money, (b) all obligations
of such Person for the deferred purchase price of property or services (other than trade payables not overdue by more than 60 days incurred in the ordinary course of such Person's business),
(c) all obligations of such Person, evidenced by notes, bonds, debentures or other similar instruments, (d) all obligations of such Person created or arising under any conditional sale
or other title retention agreement with respect to property acquired by such Person (even though the rights and remedies of the seller or lender under such agreement in the event of default are
limited to repossession or sale of such property), (e) all obligations of such Person as lessee under leases that have been or should be, in accordance with GAAP, recorded as capital leases,
(f) all obligations, contingent or otherwise, of such Person in respect of acceptances, letters of credit or similar extensions of credit, (g) all obligations of such Person in respect
of Hedge Agreements, (h) all obligations of such Person to purchase, redeem, retire, defease or otherwise make any payment in respect of any equity interests in such Person or any other Person
or any warrants, rights or options to acquire such equity interests, (i) all Debt of others referred to in clauses (a) through (h) above or clause (j) below and other
payment obligations (collectively, "Guaranteed Debt") guaranteed directly or indirectly in any manner by such Person, or in effect guaranteed directly
or indirectly by such Person through an agreement (1) to pay or purchase such Guaranteed Debt or to advance or supply funds for the payment or purchase of such Guaranteed Debt, (2) to
purchase, sell or lease (as lessee or lessor) property, or to purchase or sell services, primarily for the purpose of enabling the debtor to make payment of such Guaranteed Debt or to assure the
holder of such Guaranteed Debt against loss, (3) to supply funds to or in any other manner invest in the debtor (including any agreement to pay for property or services irrespective of whether
such property is received or such services are rendered) or (4) otherwise to assure a creditor against loss, and (j) all Debt referred to in clauses (a) through (i) above
(including Guaranteed Debt) secured by (or for which the holder of such Debt has an existing right, contingent or otherwise, to be secured by) any Lien on property (including accounts and contract
rights) owned by such Person, even though such Person has not assumed or become liable for the payment of such Debt. 

2

 

        "Default" means any Event of Default or any event that would constitute an Event of Default but for the requirement that notice be given
or time elapse or both. 

        "DIRECTV" means The DIRECTV Group, Inc. and its Subsidiaries. 

        "Exempt Person" means John C. Malone, members of his immediate family, and any trust, foundation, limited or
general partnership, limited liability company or other entity formed by any of them for estate planning or wealth management purposes. 

        "Effective Date" has the meaning specified in Section 3.01. 

        "Eurodollar Rate" means, for any Interest Period for any Advance, the interest rate per annum equal to the rate per annum (rounded
upwards, if necessary, to the nearest 1/100 of 1%) appearing on Reuters Screen LIBOR01 Page (or any successor page or substitute service providing quotations of interest rates
applicable to U.S. Dollar deposits in the London interbank market as designated by the Lender from time to time) as the London interbank offered rate for deposits in U.S. Dollars at 11:00 A.M.
(London time) two Business Days before the first day of such Interest Period for a maturity comparable to such Interest Period; provided,  however, if more
than one rate is specified on such page, the applicable rate shall be the arithmetic mean of all such rates;  provided further that, if for any reason such rate is not available, the term "Eurodollar
Rate" shall mean, for any Interest Period applicable to any
Advance, the rate per annum at which deposits of U.S. $5,000,000 are offered by the principal office of  [                        ] in London, England to prime banks in the London
interbank
market at 11:00 A.M. (London time) two Business Days before the first day of such Interest Period for a maturity comparable to such Interest Period. 

        "Events of Default" has the meaning specified in Section 6.01. 

        "Existing Debt" has the meaning specified in Section 5.02(b). 

        "GAAP" means generally accepted accounting principles in the United States. 

        "Governmental Authority" means the government of the United States or any other nation, or of any political subdivision thereof, whether
state, provincial or local, and any agency, authority, instrumentality, regulatory body, court, central bank or other entity exercising executive, legislative, judicial, taxing, regulatory or
administrative powers or functions of or pertaining to government (including any supra-national bodies such as the European Union or the European Central Bank). 

        "Hedge Agreements" means interest rate swap, cap or collar agreements, interest rate future or option contracts, currency swap agreements,
currency future or option contracts and other similar agreements. 

        "Interest Period" means, for each Advance, the period commencing on the date of such Advance and ending on the last day of the period
selected by the Borrower pursuant to the provisions below and,
thereafter, each subsequent period commencing on the last day of the immediately preceding Interest Period and ending on the last day of the period selected by the Borrower pursuant to the provisions
below. The duration of each such Interest Period shall be one, two, three [or
six] months, as the Borrower may, upon notice received by the Lender not later than 11:00 A.M. (New York City time) on the third
Business Day prior to the first day of such Interest Period, select; provided, however, that: 

          (i)  if
any Interest Period would otherwise end after  [                        ], 2013, such Interest Period shall end on  
[                        ], 2013; 

         (ii)  whenever
the last day of any Interest Period would otherwise occur on a day other than a Business Day, the last day of such Interest Period shall be extended to occur
on the next succeeding Business Day, provided, however, that, if such extension would cause the last day
of such Interest Period to occur in the next following calendar month, the last day of such Interest Period shall occur on the next preceding Business Day; and 

3

 

        (iii)  whenever
the first day of any Interest Period occurs on a day of an initial calendar month for which there is no numerically corresponding day in the calendar month
that succeeds such initial calendar month by the number of months equal to the number of months in such Interest Period, such Interest Period shall end on the last Business Day of such succeeding
calendar month. 

        "Lender" means LMC or any Person that shall become a party hereto pursuant to Section 7.07. 

        "Lien" means any lien, security interest or other charge or encumbrance of any kind, or any other type of preferential arrangement,
including the lien or retained security title of a conditional vendor and any easement, right of way or other encumbrance on title to real property. 

        "Material Adverse Change" means any material adverse change in the business, condition (financial or otherwise), operations, performance,
properties or prospects of the Borrower and its Subsidiaries (including for this purpose DIRECTV) taken as a whole. 

        "Material Adverse Effect" means a material adverse effect on (a) the business, condition (financial or otherwise), operations,
performance, properties or prospects of the Borrower and its Subsidiaries
(including for this purpose DIRECTV) taken as a whole, (b) the rights and remedies of the Lender under this Agreement or any Note or (c) the ability of the Borrower to perform its
obligations under this Agreement or any Note. 

        "Note" means the promissory note of the Borrower payable to the order of the Lender, in substantially the form of Exhibit A hereto,
evidencing the aggregate indebtedness of the Borrower to the Lender resulting from the Advances made by the Lender. 

        "Notice of Borrowing" has the meaning specified in Section 2.02. 

        "Permitted Liens" means such of the following as to which no enforcement, collection, execution, levy or foreclosure proceeding shall have
been commenced: (a) Liens for taxes, assessments and governmental charges or levies to the extent not required to be paid under Section 5.0l(b) hereof; (b) Liens imposed by law,
such as materialmen's, mechanics', carriers', workmen's and repairmen's Liens and other similar Liens arising in the ordinary course of business securing obligations that are not overdue for a period
of more than 30 days; (c) pledges or deposits to secure obligations under workers' compensation laws or similar legislation or to secure public or statutory obligations; and
(d) easements, rights of way and other encumbrances on title to real property that do not render title to the property encumbered thereby unmarketable or materially adversely affect the use of
such property for its present purposes. 

        "Person" means an individual, partnership, corporation (including a business trust), joint stock company, trust, unincorporated
association, joint venture, limited liability company or other entity, or a government or any Governmental Authority. 

        "Reorganization Agreement" means the Reorganization Agreement, dated
[                        ], 2009, between LEI and LMC. 

        "Split-Off Effective Time" means the Effective Time at which the Redemption occurs on the Redemption Date (as those terms are
defined in the Reorganization Agreement). 

        "Subsidiary" of any Person means any corporation, partnership, joint venture, limited liability company, trust or estate of which (or in
which) more than 50% of (a) the issued and outstanding capital stock having ordinary voting power to elect a majority of the Board of Directors of such corporation (irrespective of whether at
the time capital stock of any oilier class or classes of such corporation shall or might have voting power upon the occurrence of any contingency), (b) the interest in the capital or profits of
such limited liability company, partnership or joint venture or (c) the beneficial interest in such trust or estate is at the time directly or indirectly owned or controlled by such Person, by
such Person and one or more of its other Subsidiaries or by one or more of such 

4

 

Person's
other Subsidiaries. For purposes of this Agreement, DIRECTV and Greenlady II, LLC shall be deemed to not be Subsidiaries of the Borrower except to the extent expressly set forth
herein. 

        "Termination Date" means the earlier
of[            ], 2013 (the fourth anniversary of the Split-Off
Effective Time) and the date of termination of the Commitment pursuant to Section 6.01. 

        "United States" or "U.S." means the United States of America. 

        "Unused Commitment" means, at any time, the Lender's Commitment at such time minus the
aggregate principal amount of all Advances outstanding at such time. 

        "U.S. Dollars", "U.S. $" and "$" means the
lawful currency of the United States. 

        "Voting Stock" means capital stock issued by a corporation, or equivalent interests in any other Person, the holders of which are
ordinarily, in the absence of contingencies, entitled to vote for the election of directors (or persons performing similar functions) of such Person, even if the right so to vote has been suspended by
the happening of such a contingency. 

        SECTION 1.02.    Computation of Time Periods.    In this Agreement in the computation of periods of time from a
specified date to a later specified date, the word "from" means "from and including" and the words "to" and "until" each mean "to but excluding". References in this Agreement to any agreement or
contract "as amended" shall mean and be a reference to such agreement or contract as amended, amended and restated, supplemented or otherwise modified
from time to time in accordance with its terms. In this Agreement, the words "include," "includes" and
"including" shall be deemed to be followed by the phrase "without limitation" and the word "will" shall
be construed to have the same meaning and effect as the word "shall." Unless the context requires otherwise, (a) any reference in this Agreement to any Person shall be construed to include such
Person's successors and assigns, (b) the words "herein," "hereof" and
"hereunder," and words of similar import, when used in this Agreement
shall be construed to refer to this Agreement in its entirety and not to any particular provision hereof, (c) all references in this Agreement to Articles, Sections, Exhibits and Schedules
shall be construed to refer to Articles and Sections of, and Exhibits and Schedules to, this Agreement, (d) any reference to any law or regulation in this Agreement shall, unless otherwise
specified, refer to such law or regulation as amended, modified or supplemented from time to time and (e) the words "asset" and
"property" shall be construed to have the same meaning and effect and refer to any and all tangible and intangible assets and properties, including
cash, securities, accounts and contract rights. 

 
 

  ARTICLE II    
    
    AMOUNTS AND TERMS OF THE ADVANCES    
    

        SECTION 2.01.    The Advances.    The Lender agrees, on the terms and conditions hereinafter set forth, to make
advances (each an "Advance") to the Borrower from time to time on any Business Day during the period from the Effective Date until the Termination Date
in an amount for each such Advance not to exceed the Lender's Unused Commitment at such time. Within the limits of the Lender's Unused Commitment in effect from time to time, the Borrower may borrow
under this Section 2.01, prepay pursuant to Section 2.06 and reborrow under this Section 2.01. 

        SECTION 2.02.    Making the Advances.    Each Borrowing shall be made on notice, given not later than
11:00 A.M. (New York City time) on the [third] Business Day prior to the date of the proposed Borrowing, by the Borrower to the Lender. Each notice of Borrowing (a
"Notice of Borrowing") shall be by telephone, confirmed immediately in writing, or telecopier or electronic communication, in substantially the form of
Exhibit B hereto, specifying therein the requested (i) date of the Borrowing, (ii) amount of such Borrowing and (iii) initial Interest Period applicable thereto. Upon
fulfillment of the applicable conditions set forth in Article III, the Lender will make the funds available to the Borrower at its address referred to in Section 7.02. 

5

 

        SECTION 2.03.    Repayment.    The Borrower shall repay to the Lender on the Termination Date the aggregate
principal amount of the Advances then outstanding. 

        SECTION 2.04.    Interest.    (a) Scheduled Interest.
The Borrower shall pay interest on the unpaid principal amount of each Advance owing to the Lender from the date of such Advance until such principal amount shall be paid in full, at a rate per annum
equal at all times during each Interest Period to the sum of (i) the Eurodollar Rate for such Interest Period plus (ii) the Applicable Margin, payable in arrears on the last day of such
Interest Period and, if such Interest Period has a duration of more than three months, on each day that occurs during such Interest Period every three months from the first day of such Interest Period
and on the date such Advance shall be paid in full. 

        (b)    Default Interest.    Upon the occurrence and during the continuance of a Default under Section 6.01(a)
or (e) or an Event of Default, the Lender may require the Borrower to pay interest ("Default Interest") on (i) the unpaid principal amount
of each Advance owing to the Lender, payable in arrears on the dates referred to in clause (a) above and (ii) to the fullest extent permitted by law, the amount of any interest, fee or
other amount payable hereunder that is not paid when due, from the date such amount shall be due until such amount shall be paid in full, payable in arrears on the date such amount shall be paid in
full and on demand, in each case at a rate per annum equal at all times to 2% per annum above the rate per annum required to be paid on such Advance pursuant to clause (a) above;  provided,
however, that following acceleration of the Advances pursuant to Section 6.01, Default
Interest shall accrue and be payable hereunder whether or not previously required by the Lender. 

        SECTION 2.05.    Interest Rate Determination.    If the Borrower shall fail to select the duration of any
Interest Period in accordance with the provisions contained in the definition of "Interest Period" in Section 1.01, the duration of such Interest Period shall be one month. 

        SECTION 2.06.    Optional Prepayments.    The Borrower may, without payment of any premium or penalty and upon
at least three Business Days' notice to the Lender stating the proposed date and aggregate principal amount of the prepayment, and if such notice is given the Borrower shall, prepay the outstanding
principal amount of the Advances in whole or in part, together with accrued interest to the date of such prepayment on the principal amount prepaid. 

        SECTION 2.07.    Illegality.    Notwithstanding any other provision of this Agreement, if the Lender determines
that the introduction of or any change in or in the interpretation of any law or regulation makes it unlawful, or any central bank or other Governmental Authority asserts that it is unlawful, for the
Lender to perform its obligations hereunder to make the Advances or to fund or maintain the Advances to be made by it hereunder, the Lender shall forthwith give notice thereof to the Borrower,
whereupon (a) until the Lender notifies the Borrower that the circumstances giving rise to such suspension no longer exist, the obligation of the Lender to make Advances shall be suspended and
(b) if the Lender shall so request in such notice, the Borrower shall immediately prepay in full the then aggregate outstanding principal amount of the Advances, together with accrued interest
thereon. 

        SECTION 2.08.    Payments and Computations.    (a) The Borrower shall make each payment hereunder and
under the Notes, irrespective of any right of counterclaim or set-off, not later than 11:00 A.M. (New York City time) on the day when due in U.S. dollars to the Lender by wire
transfer of same day funds to an account specified by the Lender. 

        (b)   All
computations of interest based on the Eurodollar Rate and of commitment fees shall be made by the Lender on the basis of a year of 360 days, in each case for
the actual number of days (including the first day but excluding the last day) occurring in the period for which such interest or commitment fees are payable. Each determination by the Lender of an
interest rate hereunder shall be conclusive and binding for all purposes, absent manifest error. 

6

 

        (c)   Whenever
any payment hereunder or under the Notes shall be stated to be due on a day other than a Business Day, such payment shall be made on the next succeeding
Business Day, and such extension of time shall in such case be included in the computation of payment of interest; provided,  however, that, if such
extension would cause payment of interest on or principal of the Advances to be made in the next following calendar month, such
payment shall be made on the next preceding Business Day. 

        SECTION 2.09.    Taxes.    (a) Any and all payments by the Borrower hereunder or under the Notes or any
other documents to be delivered hereunder shall be made free and clear of and without deduction for any and all present or future taxes (including value-added taxes and withholding taxes), levies,
imposts, deductions, charges or withholdings, and, all liabilities with respect thereto, excluding, in the case of the Lender, taxes imposed on its
overall net income, and franchise taxes imposed on it in lieu of net income taxes, by the jurisdiction under the laws of which the Lender is organized or any political subdivision thereof and taxes
imposed on its overall net income, and franchise taxes imposed on it in lieu of net income taxes, by the jurisdiction of the Lender's principal executive offices or any political subdivision thereof
(all such non-excluded taxes, levies, imposts, deductions, charges, withholdings and liabilities in respect of payments hereunder or under the Notes being hereinafter referred to as
"Taxes"). If the Borrower shall be required by law to deduct any Taxes from or in respect of any sum payable hereunder under any Note or any other
documents to be delivered hereunder to the Lender, (i) the sum payable shall be increased as may be necessary so that after making all required deductions (including deductions applicable to
additional sums payable under this Section 2.12) the Lender receives an amount equal to the sum it would have received had no such deductions been made, (ii) the Borrower shall make such
deductions and (iii) the Borrower shall pay the full amount deducted to the relevant taxation authority or other authority in accordance with applicable law. 

        (b)   In
addition, the Borrower shall pay any present or future stamp or documentary taxes or any other excise or property taxes, charges or similar levies that arise from any
payment made hereunder or under the Notes or' any other documents to be delivered hereunder or from the execution, delivery or registration of, performing under, or otherwise with respect to, this
Agreement or the Notes or any other documents to be delivered hereunder (hereinafter referred to as "Other Taxes"). 

        (c)   The
Borrower shall indemnify the Lender for and hold it harmless against the full amount of Taxes or Other Taxes (including taxes of any kind imposed or asserted by any
jurisdiction on amounts payable under this Section 2.09) imposed on or paid by the Lender and any liability (including penalties, interest and expenses) arising therefrom or with respect
thereto. This indemnification shall be made within 10 days from the date the Lender makes written demand therefor. 

        (d)   Within
30 days after the date of any payment of Taxes, the Borrower shall furnish to the Lender, at its address referred to in Section 7.02, the original
or a certified copy of a receipt evidencing such payment, to the extent such a receipt is issued therefore, or other written proof of payment thereof that is reasonably satisfactory to the Lender. 

        SECTION 2.10.    Use of Proceeds.    The proceeds of the Advances shall be available (and the Borrower agrees
that it shall use such proceeds) for general corporate purposes, including the repayment of Existing Debt. 

        SECTION 2.11.    Evidence of Debt.    The Lender shall keep a record evidencing the indebtedness of the
Borrower to the Lender resulting from each Advance owing to the Lender from time to time, including the amounts of principal and interest payable and paid to the Lender from time to time hereunder.
The Borrower agrees that upon notice by the Borrower to the Lender to the effect that a promissory note or other evidence of indebtedness is required or appropriate in order for the Lender to evidence
the Advances owing to, or to be made by, the Lender, the Borrower shall promptly execute and deliver to the Lender, a Note in substantially the form of  Exhibit A hereto, payable to the order of the
Lender in a principal amount equal to the Commitment. 

7

 

 

 
 

  ARTICLE III    
    
    CONDITIONS TO EFFECTIVENESS AND LENDING    
    

        SECTION 3.01.    Conditions Precedent to Effectiveness of Section 2.01.    Section 2.01 of this
Agreement shall become effective on and as of the first date (the "Effective Date") on which the following conditions precedent have been satisfied: 

        (a)   There
shall have occurred no Material Adverse Change since the date of this Agreement. 

        (b)   There
shall exist no action, suit, investigation, litigation or proceeding affecting the Borrower or any of its Subsidiaries pending or threatened before any court,
governmental agency or arbitrator that (i) could be reasonably likely to have a Material Adverse Effect or (ii) purports to affect the legality, validity or enforceability of this
Agreement or any Note or the consummation of the transactions contemplated hereby. 

        (c)   All
governmental and third party consents and approvals necessary in connection with the transactions contemplated hereby (if any) shall have been obtained (without the
imposition of any conditions that are not acceptable to the Lender) and shall remain in effect, and no law or regulation shall be applicable in the reasonable judgment of the Lender that restrains,
prevents or imposes materially adverse conditions upon the transactions contemplated hereby. 

        (d)   The
Split-Off Effective Time shall have occurred. 

        (e)   On
the Effective Date, the following statements shall be true and the Lender shall have received a certificate signed by a duly authorized officer of the Borrower, dated
the Effective Date, stating that: 

          (i)  The
representations and warranties contained in Section 4.01 are correct on and as of the Effective Date, and 

         (ii)  No
event has occurred and is continuing that constitutes a Default. 

        (f)    The
Lender shall have received the Notes to the order of the Lender, if requested by the Lender. 

        SECTION 3.02.    Conditions Precedent to Each Borrowing.    The obligation of the Lender to make an Advance on
the occasion of each Borrowing shall be subject to the conditions precedent that the Effective Date shall have occurred and on the date of each Borrowing (a) the following statements shall be
true (and each of the giving of the Notice of Borrowing and the acceptance by the Borrower of the proceeds of the Borrowing shall constitute a representation and warranty by the Borrower that on the
date of such Borrowing such statements are true): 

          (i)  the
representations and warranties contained in Section 4.01 are correct on and as of the date of such Borrowing, before and after giving effect to such
Borrowing and to the application of the proceeds therefrom, as though made on and as of such date; and 

         (ii)  no
event has occurred and is continuing, or would result from such Borrowing or from the application of the proceeds therefrom, that constitutes a Default; 

and
(b) the Lender shall have received such other approvals, opinions or documents as the Lender may reasonably request. 

8

 
 
 

  ARTICLE IV    
    
    REPRESENTATIONS AND WARRANTIES    
    

        SECTION 4.01.    Representations and Warranties of the Borrower.    The Borrower represents and warrants as
follows: 

        (a)   The
Borrower is a corporation duly organized, validly existing and in good standing under the laws of the State of Delaware and has all requisite corporate power and
authority (including all governmental licenses, permits and other approvals) to own, lease and operate its properties and to carry on its business as now conducted and as proposed to be conducted. 

        (b)   The
execution, delivery and performance by the Borrower of this Agreement and the Notes, and the consummation of the transactions contemplated hereby, are within the
Borrower's corporate powers, have been duly authorized by all necessary corporate action, and do not contravene (i) the Borrower's charter or by-laws or (ii) any law or
contractual restriction binding on or affecting the Borrower. 

        (c)   No
authorization or approval or other action by, and no notice to or filing with, any Governmental Authority or regulatory body or any other third party is required for
the due execution, delivery and performance by the Borrower of this Agreement or the Notes. 

        (d)   This
Agreement has been, and each of the Notes when delivered hereunder will have been, duly executed and delivered by the Borrower. This Agreement is, and each of the
Notes when delivered hereunder will be, the legal, valid and binding obligation of the Borrower enforceable against the Borrower in accordance with their respective terms. 

        (e)   There
is no pending or threatened action, suit, investigation, litigation or proceeding affecting the Borrower or any of its Subsidiaries before any court, governmental
agency or arbitrator that (i) could be reasonably likely to have a Material Adverse Effect or (ii) purports to affect the legality, validity or enforceability of this Agreement or any
Note or the consummation of the transactions contemplated hereby. 

 
 

  ARTICLE V    
    
    COVENANTS OF THE BORROWER    
    

        SECTION 5.01.    Affirmative Covenants.    So long as any Advance shall remain unpaid or the Lender shall have
any Commitment hereunder, the Borrower will: 

        (a)    Compliance with Laws, Etc.    Comply, and cause each of its Subsidiaries to comply, in all material respects,
with all applicable laws, rules, regulations and orders. 

        (b)    Payment of Taxes, Etc.    Pay and discharge, and cause each of its Subsidiaries to pay and discharge, before
the same shall become delinquent, (i) all taxes, assessments and governmental charges or levies imposed upon it or upon its property and (ii) all lawful claims that, if unpaid, might by
law become a Lien upon its property; provided, however, that neither the Borrower nor any of its
Subsidiaries shall be required to payor discharge any such tax, assessment, charge or claim that is being contested in good faith and by proper proceedings and as to which appropriate reserves are
being maintained, unless and until any Lien resulting therefrom attaches to its property and becomes enforceable against its other creditors. 

        (c)    Maintenance of Insurance.    Maintain, and cause each of its Subsidiaries to maintain, insurance with
responsible and reputable insurance companies or associations in such amounts and covering such risks as is usually carried by companies engaged in similar businesses and owning similar properties in
the same general areas in which the Borrower or such Subsidiary operates. 

9

 

        (d)    Preservation of Corporate Existence, Etc.    Preserve and maintain its corporate existence, rights (charter and
statutory), permits, approvals, licenses, privileges and franchises; provided, however, that the
Borrower shall not be required to preserve any right or franchise if the Board of Directors of the Borrower shall determine that the preservation thereof is no longer desirable in the conduct of the
business of the Borrower, and that the loss thereof is not disadvantageous in any material respect to the Borrower or the Lender. 

        (e)    Visitation Rights.    At any reasonable time and from time to time, permit the Lender or any agents or
representatives thereof, to examine and make copies of and abstracts from the records and books of account of, and visit the properties of, the Borrower and any of its Subsidiaries, and to discuss the
affairs, finances and accounts of the Borrower and any of its Subsidiaries with any of their officers or directors and with their independent certified public accountants. 

        (f)    Keeping of Books.    Keep, and cause each of its Subsidiaries to keep, proper books of record and account, in
which full and correct entries shall be made of all financial transactions and the assets and business of the Borrower and each such Subsidiary in accordance with generally accepted accounting
principles in effect from time to time. 

        (g)    Maintenance of Properties Etc.    Maintain and preserve, and cause each of its Subsidiaries to maintain and
preserve, all of its properties that are used or useful in the conduct of its business in good working order and condition, ordinary wear and tear excepted. 

        (h)    Reporting Requirements.    Furnish to the Lender: 

          (i)  as
soon as possible and in any event within five days after the occurrence of each Default continuing on the date of such statement, a statement of the chief financial
officer of the Borrower setting forth details of such Default and the action that the Borrower has taken and proposes to take with respect thereto; 

         (ii)  promptly
after the commencement thereof, notice of all actions and proceedings before any court, governmental agency or arbitrator affecting the Borrower or any of its
Subsidiaries of the type described in Section 4.01(e); and 

        (iii)  such
other information respecting the Borrower or any of its Subsidiaries as the Lender may from time to time reasonably request. 

        SECTION 5.02.    Negative Covenants.    So long as any Advance shall remain unpaid or the Lender shall have any
Commitment hereunder, the Borrower will not, and will not permit any of its Subsidiaries to: 

        (a)    Liens, Etc.    Create or suffer to exist any Lien on or with respect to any of its properties, whether now
owned or hereafter acquired, or assign any right to receive income, other than: 

          (i)  Permitted
Liens, 

         (ii)  Liens
existing on the Effective Date, 

        (iii)  the
replacement, extension or renewal of any Lien permitted by clause (ii) above upon or in the same property theretofore subject thereto or the replacement,
extension or renewal (without increase in the amount or change in any direct or contingent obligor) of the Debt secured thereby. 

        (b)    Debt.    Create, incur, assume or suffer to exist any Debt, except: 

          (i)  Debt
under this Agreement, and 

         (ii)  Debt
existing on the Effective Date (the "Existing Debt"), and any Debt extending the maturity of, or refunding or
refinancing, in whole or in part, the Existing Debt, provided that the principal amount of such Existing Debt shall not be increased above the principal
amount thereof 

10

 

outstanding
immediately prior to such extension, refunding or refinancing, and the direct and contingent obligors therefor shall not be changed, as a result of or in connection with such extension,
refunding or refinancing. 

 
 

  ARTICLE VI    
    
    EVENTS OF DEFAULT    
    

        SECTION 6.01.    Events of Default.    If any of the following events ("Events of
Default") shall occur and be continuing: 

        (a)   the
Borrower shall fail to pay any principal of any Advance when the same shall become due and payable or (ii) the Borrower shall fail to pay any interest on any
Advance or to make any other payment under this Agreement or the Notes, in each case under this clause (ii) within three Business Days after the same shall become due and payable; or 

        (b)   Any
representation or warranty made by the Borrower herein or by the Borrower (or any of its officers) in connection with this Agreement shall prove to have been
incorrect in any material respect when made; or 

        (c)   (i)
The Borrower shall fail to perform or observe any term, covenant or agreement contained in Section 2.10, 5.01(d), (e) or (h) or 5.02, or
(ii) the Borrower shall fail to perform or observe any other term, covenant or agreement contained in this Agreement on its part to be performed or observed if such failure shall remain
unremedied for 10 days after the earlier of the date on which (i) any officer of the Borrower becomes aware of such failure and (ii) written notice thereof shall have been given
to the Borrower by the Lender; or 

        (d)   The
Borrower or any of its Subsidiaries shall fail to pay any principal of or premium or interest on or any other amount payable in respect of any Debt that is
outstanding in a principal or notional amount of at least U.S. $ 10 million (or its equivalent in other currencies) either individually or in the aggregate (but excluding Debt outstanding
hereunder) of the Borrower or such Subsidiary (as the case may be), when the same becomes due and payable (whether by scheduled maturity, required prepayment, acceleration, demand or otherwise), and
such failure shall continue after the applicable grace period, if any, specified in the agreement or instrument relating to such Debt; or any other event shall occur or condition shall exist under any
agreement or instrument relating to any such Debt and shall continue after the applicable grace period, if any, specified in such agreement or instrument, if the effect of such event or condition is
to accelerate, or to permit the acceleration of, the maturity of such Debt or otherwise to cause, or to permit the holder thereof to cause, such Debt to mature; or any such Debt shall be declared to
be due and payable, or required to be prepaid or redeemed (other than by a regularly scheduled required prepayment or redemption), purchased or defeased, or an offer to prepay, redeem, purchase or
defease such Debt shall be required to be made, in each case prior to the stated maturity thereof; or 

        (e)   The
Borrower or any of its Subsidiaries shall generally not pay its debts as such debts become due, or shall admit in writing its inability to pay its debts generally,
or shall make a general assignment for the benefit of creditors; or any proceeding shall be instituted by or against the Borrower or any of its Subsidiaries seeking to adjudicate it bankrupt or
insolvent, or seeking liquidation, winding up, reorganization, arrangement, adjustment, protection, relief, or composition of it or its debts under any law relating to bankruptcy, insolvency or
reorganization or relief of debtors, or seeking the entry of an order for relief or the appointment of a receiver, trustee, custodian or other similar official for it or for any substantial part of
its property and, in the case of any such proceeding instituted against it (but not instituted by it) that is being diligently contested in good faith, either such proceeding shall remain undismissed
or unstayed for a period of 30 days, or any of the actions sought in such proceeding (including the entry of an order for relief against, or the appointment of a receiver, trustee, custodian 

11

 

or
other similar official for, it or for any substantial part of its property) shall occur; or the Borrower or any of its Subsidiaries shall take any corporate action to authorize any of the actions
set forth above in this subsection (e); or 

        (f)    Judgments
or orders for the payment of money in excess of U.S. $5 million (or its equivalent in other currencies) in the aggregate shall be rendered against the
Borrower or any of its Subsidiaries and either (i) enforcement proceedings shall have been commenced by any creditor upon such judgment or order or (ii) there shall be any period of 10
consecutive days during which a stay of enforcement of such judgment or order, by reason of a pending appeal or otherwise, shall not be in effect; or 

        (g)   Any
non-monetary judgment or order shall be rendered against the Borrower or any of its Subsidiaries that could be reasonably expected to have a Material
Adverse Effect, and there shall be any period of 10 consecutive days during which a stay of enforcement of such judgment or order, by reason of a pending appeal or otherwise, shall not be in effect;
or 

        (h)   Any
provision of this Agreement or the Notes shall cease to be valid and binding on or enforceable against the Borrower; or the Borrower shall so assert or state in
writing; or 

        (i)    a
Change of Control shall occur; 

then,
and in any such event, the Lender (i) may declare its Commitment and its obligation to make Advances to be terminated, whereupon the same shall forthwith terminate, and (ii) may,
by notice to the Borrower, declare the Advances, all interest thereon and all other amounts payable under this Agreement and under the Notes to be forthwith due and payable, whereupon the Advances,
all such interest and all such amounts shall become and be forthwith due and payable, without presentment, demand, protest or further notice of any kind, all of which are hereby expressly waived by
the Borrower; provided, however. that in the event of an actual or deemed entry of an order for relief
with
respect to the Borrower under clause (d) above, (A) the Commitment and the obligation of the Lender to make Advances shall automatically be terminated and (B) the Advances, all
such interest and all such amounts shall automatically become and be due and payable, without presentment, demand, protest or any notice of any kind, all of which are hereby expressly waived by the
Borrower. 

 
 

  ARTICLE VII    
    
    MISCELLANEOUS    
    

        SECTION 7.01.    Amendment, Etc.    No amendment or waiver of any provision of this Agreement or the Notes, nor
consent to any departure by the Borrower therefrom, shall in any event be effective unless the same shall be in writing and signed by the Lender, and then such waiver or consent shall be effective
only in the specific instance and for the specific propose for which given. 

        SECTION 7.02.    Notices, Etc.    All notices and other communications provided for hereunder shall be in
writing, or by any telecommunications device capable of creating a written record (including electronic mail) and addressed, if to the Borrower, at 12300 Liberty Boulevard, Englewood, Colorado, 80112
Attention: Treasury Group; if to the initial Lender, at 12300 Liberty Boulevard, Englewood, Colorado, 80112 Attention: Treasury Group; if to any other Lender, at the address specified in the
Assignment and Acceptance pursuant to which it became a Lender; or, as to the Borrower or the Lender, at such other address as shall be designated by such party in a written notice to the other party.
All such notices and communications shall be effective (i) if delivered by hand, including any overnight courier service, upon personal delivery, (ii) if delivered by mail, when
deposited in the mails, and (iii) if delivered by electronic mail or any other telecommunications device, when transmitted to an electronic mail address (or by another means of electronic
delivery); provided, however, that notices and communications to the Lender pursuant to
Article II or III shall not be effective until received by the Lender. 

12

 

        SECTION 7.03.    No Waiver; Remedies.    No failure on the part of the Lender to exercise, and no delay in
exercising, any right hereunder or under any Note shall operate as a waiver thereof; nor shall any single or partial exercise of any such right preclude any other or further exercise thereof or the
exercise
of any other right. The remedies herein provided are cumulative and not exclusive of any remedies provided by law. 

        SECTION 7.04.    Costs and Expenses.    (a) The Borrower agrees to pay on demand all costs and expenses
of the Lender, if any (including counsel fees and expenses), in connection with the enforcement (whether through negotiations, legal proceedings or otherwise) of this Agreement, the Notes and the
other documents to be delivered hereunder, including, fees and expenses of counsel for the Lender in connection with the enforcement of rights under this Section 7.04(a). 

        (b)   The
Borrower agrees to indemnify and hold harmless the Lender and each of its Affiliates and their officers, directors, administrators, trustees, employees, agents and
advisors (each, an "Indemnified Party") from and against any and all claims, damages, losses, liabilities and expenses (including reasonable fees and
expenses of counsel) incurred by or asserted or awarded against any Indemnified Party, in each case arising out of or in connection with or by reason of (including in connection with any
investigation, litigation or proceeding or preparation of a defense in connection therewith) the Notes, this Agreement, any of the transactions contemplated herein or the actual or proposed use of the
proceeds of the Advances, except to the extent such claim, damage, loss, liability or expense is found in a final, non-appealable judgment by a court of competent jurisdiction to have
resulted from such Indemnified Party's gross negligence or willful misconduct. In the case of an investigation, litigation or other proceeding to which the indemnity in this Section 7.04(b)
applies, such indemnity shall be effective whether or not such investigation, litigation or proceeding is brought by the Borrower, its directors, equityholders or creditors or an Indemnified Party or
any other Person, whether or not any Indemnified Party is otherwise a party thereto and whether or not the transactions contemplated hereby are consummated. The Borrower also agrees not to assert any
claim for special, indirect, consequential or punitive damages against the Lender, any of its Affiliates, or any of their respective directors, officers, employees, attorneys and agents, on any theory
of liability arising out of or otherwise relating to the Notes, this Agreement, any of the transactions contemplated herein or the actual or proposed use of the proceeds of the Advances. 

        (c)   Without
prejudice to the survival of any other agreement of the Borrower hereunder, the agreements and obligations of the Borrower contained in Section 7.04 shall
survive the payment in full of principal, interest and all other amounts payable hereunder and under the Notes. 

        SECTION 7.05.    Right of Set-off.    Upon the occurrence and during the continuance of any Event
of Default, the Lender and each of its Affiliates is hereby authorized at any time and from time to time, to the fullest extent permitted by law, to set off and apply any other indebtedness at any
time owing by the Lender or such Affiliate to or for the credit or the account of the Borrower against any and all of the obligations of the Borrower now or hereafter existing under this Agreement and
any Note held by the Lender, whether or not the Lender shall have made any demand under this Agreement or such Note and although such obligations may be unmatured. The Lender agrees promptly to notify
the Borrower after any such set-off and application, provided that the failure to give such notice shall not affect the validity of such
set-off and application. The rights of the Lender and its Affiliates under this Section are in addition to other rights and remedies (including other rights of set-off) that
the Lender and its Affiliates may have. 

        SECTION 7.06.    Binding Effect.    This Agreement shall become effective (other than Section 2.01,
which shall only become effective upon satisfaction of the conditions precedent set forth in Section 3.01) when it shall have been executed by the Borrower and the Lender, and thereafter shall
be binding upon and inure to the benefit of the Borrower and the Lender and their respective successors 

13

 

and
assigns, except that the Borrower shall not have the right to assign its rights hereunder or any interest herein without the prior written consent of the Lender. 

        SECTION 7.07.    Assignments and Participations.    (a) The Lender may assign to one Person all (but no
less than all) of its rights and obligations under this Agreement (including all of its Commitment, the Advances owing to it and the Note or Notes held by it);  provided, however, that such assignee is an Affiliate of LMC and the parties to such assignment execute
and deliver an Assignment and Acceptance, together with any Note(s) subject to such assignment. Upon such execution and delivery, from and after the effective date specified in each Assignment and
Acceptance, (x) the assignee thereunder shall be a party hereto and have the rights and obligations of the Lender hereunder and (y) the Lender assignor thereunder shall relinquish its
rights (other than its rights under Section 7.04 to the extent any claim thereunder relates to an event arising prior to such assignment) and be released from its obligations under this
Agreement and such Lender shall cease to be a party hereto. 

        (b)   Within
five Business Days after its receipt of notice of an assignment hereunder and any Note(s) subject to such assignment, the Borrower, at its own expense, shall
execute and deliver to the Lender assignee in exchange for each surrendered Note(s) a new Note to the order of such assignee in an amount equal to the outstanding amount of the Note(s) assumed by it
pursuant to such Assignment and Acceptance. Such new Note shall be in an aggregate principal amount equal to the aggregate principal amount of such surrendered Note(s), shall be dated the effective
date of such Assignment and Acceptance and shall otherwise be in substantially the form of Exhibit A hereto. 

        (c)   The
Lender may, in connection with any assignment or proposed assignment pursuant to this Section 7.07, disclose to the assignee or proposed assignee any
information relating to the Borrower furnished to the Lender by or on behalf of the Borrower. 

        SECTION 7.08.    Severability.    Any provision of this Agreement or any Note held to be invalid, illegal or
unenforceable in any jurisdiction shall, as to such jurisdiction, be ineffective to the extent of such invalidity, illegality or unenforceability without affecting the validity, legality and
enforceability of the remaining provisions hereof; and the invalidity of a particular provision in a particular jurisdiction shall not invalidate such provision in any other jurisdiction. 

        SECTION 7.09.    Electronic Execution of Assignments.    The words "execution," "signed," "signature" and words
of like import in any Assignment and Acceptance shall be deemed to include electronic
signatures or the keeping of records in electronic form, each of which shall be of the same legal effect, validity or enforceability as a manually executed signature or the use of a paper-based
recordkeeping system, as the case may be, to the extent and as provided for in any applicable law, including the Federal Electronic Signatures in Global and National Commerce Act, the New York State
Electronic Signatures and Records Act, or any other similar state laws based on the Uniform Electronic Transactions Act. 

        SECTION 7.10.    Governing Law.    This Agreement and the Notes shall be governed by, and construed in
accordance with, the laws of the State of New York. 

        SECTION 7.11.    Execution in Counterparts.    This Agreement may be executed in any number of counterparts and
by different parties hereto in separate counterparts, each of which when so executed shall be deemed to be an original and all of which taken together shall constitute one and the same agreement.
Delivery of an executed counterpart of a signature page to this Agreement by telecopier or other form of electronic communication shall be effective as delivery of a manually executed counterpart of
this Agreement. 

        SECTION 7.12.    Jurisdiction; Waiver of Immunities.    (a) Each of the parties hereto hereby
irrevocably and unconditionally submits, for itself and its property, to the nonexclusive jurisdiction of any New York State court or federal court of the United States sitting in the Borough of
Manhattan, 

14

 

New
York City, and any appellate court from any thereof, in any action or proceeding arising out of or relating to this Agreement or the Notes, or for recognition or enforcement of any judgment, and
each of the parties hereto hereby irrevocably and unconditionally agrees that all claims in respect of any such action or proceeding may be heard and determined in any such New York State court or, to
the extent permitted by law, in such federal court. Each of the parties hereto agrees that a final judgment in any such action or proceeding shall be conclusive and may be enforced in other
jurisdictions by suit on the judgment or in any other manner provided by law. 

        (b)   Each
of the parties hereto irrevocably and unconditionally waives, to the fullest extent it may legally and effectively do so, any objection that it may now or hereafter
have to the laying of venue of any suit, action or proceeding arising out of or relating to this Agreement or the Notes in any New York State or federal court. Each of the parties hereto hereby
irrevocably waives, to the fullest extent permitted by law, the defense of an inconvenient forum to the maintenance of such action or proceeding in any such court. 

        (c)   To
the extent that the Borrower has or hereafter may acquire any immunity from jurisdiction of any court or from any legal process (whether through service or notice,
attachment prior to judgment, attachment in aid of execution or otherwise) with respect to itself or its property, the Borrower hereby irrevocably and unconditionally waives such immunity in respect
of its obligations under this Agreement and the Notes. 

        (d)   Nothing
in this Section 7.12 shall affect the right of the Lender to serve legal process in any other manner permitted by law or affect the right of the. Lender
to bring any action or proceeding against the Borrower or its property in the courts of other jurisdictions. 

        SECTION 7.13.    Waiver of Jury Trial.    Each of the Borrower and the Lender hereby irrevocably waives all
right to trial by jury in any action proceeding or counterclaim (whether based on contract, tort or otherwise) arising out of or relating to this Agreement or the Notes or the actions of the Lender in
the negotiation, administration, performance or enforcement thereof. 

15

  
        IN WITNESS WHEREOF, the parties hereto have caused this Agreement to be executed by their respective officers thereunto duly authorized, as of the date first above written. 

							
	 	 	 Borrower	 	 	 	 
	

 	
 	

 	
 	
GREENLADY CORP.
	

 	
 	

 	
 	
By	
 	
 

  Title:
	

 	
 	
 Lender	
 	

 	
 	

 
	

 	
 	

 	
 	
LIBERTY MEDIA CORPORATION
	

 	
 	

 	
 	
  

 
	 	 	 	 	 	 	Title:

 List of Omitted Exhibits and Schedules  

        The following exhibits and schedules to the Revolving Credit Agreement, dated as of
[                        ], 2009, by
and between Liberty Media Corporation and Greenlady Corp., have not been provided herein: 

Exhibit A:
Form of Promissory Note

Exhibit B: Form of Notice of Borrowing

Exhibit C: Form of Assignment and Acceptance

Schedule 5.02(a)—Existing Liens

Schedule 5.02(b)—Existing Debt 

        The
undersigned registrant hereby undertakes to furnish supplementally a copy of any omitted exhibit or schedule to the Securities and Exchange Commission upon request. 

QuickLinks

Exhibit 10.6

FORM OF U.S.$350,000,000 REVOLVING CREDIT AGREEMENT Dated as of [ ] , 2009 Between GREENLADY CORP. as Borrower and LIBERTY MEDIA CORPORATION as Lender

Table of Contents

REVOLVING CREDIT AGREEMENT Dated as of April [ ] , 2009

ARTICLE I DEFINITIONS AND ACCOUNTING TERMS

ARTICLE II AMOUNTS AND TERMS OF THE ADVANCES

ARTICLE III CONDITIONS TO EFFECTIVENESS AND LENDING

ARTICLE IV REPRESENTATIONS AND WARRANTIES

ARTICLE V COVENANTS OF THE BORROWER

ARTICLE VI EVENTS OF DEFAULT

ARTICLE VII MISCELLANEOUSExhibit 10.2

 

ABBOTT LABORATORIES

NON-EMPLOYEE DIRECTOR NON-QUALIFIED STOCK OPTION AGREEMENT

 

Abbott Laboratories (the “Company”)
hereby grants to «First_Name» «MI» «Last_Name», a Non-Employee Director of the
Company (the “Director”), a Non-Qualified Stock Option (the “Option”) to
purchase from time to time all or any part of a total of «NQSOs» Shares subject to this Option, at
the price of $«Option_Price»  per
Share, such price being not less than 100% of the Fair Market Value of the
Shares on the date hereof (the “Exercise Price”), under the terms and
conditions set forth in this Non-Qualified Stock Option Agreement (the “Agreement”).

 

This Option is granted this «Grant_Day» day of «Grant_Month», 20       under the Company’s 2009 Incentive
Stock Program (the “Program”).  This
Agreement incorporates and is subject to the provisions of the Program.  To the extent not defined herein, capitalized
terms shall have the same meaning as in the Program, and in the event of any
inconsistency between the provisions of this Agreement and the provisions of
the Program, the Program shall control.

 

The terms and conditions of the
Option are as follows:

 

1.       This
Option may, but need not, be exercised in installments, but may not under any
circumstances be exercised on or after the tenth (10th) anniversary of the
grant date.

 

2.       In
the event of death of the holder of the Option, this Option may be exercised
within the term of the Option and only by the executor or administrator of the
estate of the holder of the Option or the person or persons to whom rights
under the Option have passed by will or the laws of descent and distribution,
subject to Section 3 below.

 

3.       This
Option is not transferable otherwise than (i) by will or the laws of
descent and distribution or (ii) by the Director as a gift to the Director’s
spouse, child or grandchild (the Director’s “Immediate Family”) or to a family
trust, a family partnership, a family limited liability company, or a similar
arrangement for the benefit of members of the Director’s Immediate Family.  It may not be assigned, transferred (except
as aforesaid), pledged or hypothecated in any way, whether by operation of law
or otherwise, and shall not be subject to execution, attachment or similar process.  Any attempt at assignment, transfer, pledge,
hypothecation, or other disposition of this Option contrary to the provisions
hereof, and the levy of any attachment or similar process upon this Option,
shall be null and void and without effect.

 

4.       This
Option may be exercised only by delivering to the Secretary or other designated
employee of the Company a written notice of exercise, specifying the number of
Shares with respect to which the Option is then being exercised, and
accompanied by payment of the full Exercise Price of the Shares being purchased
in cash, or by the surrender of other Shares of the Company having a then fair
market value equal to the Exercise Price, or, by the delivery of a properly
executed exercise notice together with a copy of irrevocable instructions to a
broker to deliver promptly to the Company the 

 

1

 

amount of sale
or loan proceeds to pay the Exercise Price, or a combination thereof, plus
payment in cash or, by withholding or delivery of Shares, of the full amount of
any taxes which are to be withheld and paid with respect to such exercise, and
in the event the Option is being exercised by a person or persons other than
the Director, such appropriate tax clearances, proof of the right of such
person or persons to exercise the Option, and other pertinent data as the
Company may deem necessary.

 

5.       The
Company shall not be required to issue or deliver any Shares purchased upon any
exercise pending compliance with all applicable federal and state securities
and other laws (including any registration requirements) and compliance with
the rules and practices of any stock exchange upon which the Company’s
Shares are listed.

 

6.       The Option is intended to be exempt
from the requirements of Code Section 409A.  The Program and this Agreement shall be
administered and interpreted in a manner consistent with this intent.  If the Company determines that this Agreement
is subject to Code Section 409A and fails to comply with that section’s
requirements, the Company may, at the Company’s sole discretion, and without
the Director’s consent, amend the Agreement to cause it to comply with Code Section 409A
or be exempt from Code Section 409A.

 

7.       In
the event there is a change in the number of issued Shares without new
consideration to the Company (such as by stock dividends or stock split-ups),
then (i) the number of Shares at the time unexercised under this Option
shall be changed in proportion to such change in issued Shares; and (ii) the
Exercise Price for the unexercised portion of the Option shall be adjusted so
that the aggregate consideration payable to the Company upon the purchase of
all Shares not theretofore purchased shall not be changed.

 

If the outstanding Shares shall be combined, or be changed into another
kind of stock of the Company or into securities of another corporation, whether
through recapitalization, reorganization, sale, merger, consolidation, etc.,
the Company shall cause adequate provision to be made whereby the person or
persons entitled to exercise this Option shall thereafter be entitled to
receive, upon due exercise of any portion of the Option, the securities which
that person would have been entitled to receive for Shares acquired through
exercise of the same portion of such Option immediately prior to the effective
date of such recapitalization, reorganization, sale, merger, consolidation,
spin-off, etc.  If appropriate, due
adjustment shall be made in the per share or per unit price of the securities
purchased on exercise of this Option following said recapitalization,
reorganization, sale, merger, consolidation, spin-off, etc.

 

8.       This
Agreement shall be binding upon and operate for the benefit of the Company and
its successors and assigns, and the Director and the Director’s Representative.

 

2

 

9.       The Director may satisfy any federal,
state, local or foreign taxes arising from any transaction related to the
exercise of the Option by (i) tendering a cash payment, (ii) having
the Company withhold Shares from the Option exercised to satisfy the minimum
applicable withholding tax, (iii) tendering Shares received in connection
with the Option back to the Company, or (iv) delivering other previously
acquired Shares having a Fair Market Value approximately equal to the amount to
be withheld.  The Company shall have the
right and is hereby authorized to withhold from the Shares transferable to the
Director upon any exercise of the Option or from any other compensation or
other amount owing to the Director such amount as may be necessary in the
opinion of the Company to satisfy all such taxes, requirements and withholding
obligations.  If the Company withholds
from the Shares for tax purposes, the Director is deemed to have been issued
the full number of Shares subject to the Option, notwithstanding that a number
of the Shares are held back solely for the purpose of satisfying any such
taxes, requirements and withholding obligations.

 

10.     For
purposes of this Agreement, “Personal Data” shall mean certain personal information
about the Director held by the Company and its Subsidiaries, including, but not
limited to, the Director’s name, home address and telephone number, date of
birth, Social Security Number or other Director Identification Number, salary,
nationality, job title, the number of Shares (if any) owned by the Director,
whether the Director is a member of the Board of Directors of the Company or of
any of its Subsidiaries, details of all stock options or any other entitlement
to Shares awarded, canceled, purchased, vested, unvested or outstanding in the
Director’s favor for the purpose of managing and administering the Program or
this Option.  The Option granted
hereunder shall be interpreted to effect the original intent of the Company as
closely as possible to the fullest extent permitted by applicable law
(including, without limitation, any laws governing data privacy).  If any condition or provision of this
Agreement is invalid, illegal, or incapable of being enforced under any
applicable law or regulation governing data privacy, including the privacy laws
and regulations of the European Economic Area, all other conditions and
provisions of this Agreement shall nevertheless remain in full force and
effect.

 

By accepting the Option, the
Director voluntarily and unambiguously acknowledges and consents to the
collection, use, processing and transfer of Personal Data as described in this
Section, in electronic or other form. 
The Director is not obligated to consent to such collection, use,
processing and transfer of Personal Data. 
However, failure to provide the consent may affect the Director’s
ability to participate in the Program. 
The Director understands that the Company and its Subsidiaries will
transfer Personal Data amongst themselves as necessary for the purpose of
implementation, administration and management of the Director’s participation
in the Program, and the Company and/or any of its Subsidiaries may each further
transfer Personal Data to any third parties assisting the Company in the
implementation, administration and management of the Program, including UBS or
such other stock plan service provider as may be selected by the Company in the
future.  These recipients may be located
in the European Economic Area, or elsewhere throughout the world, such as the
United 

 

3

 

States and the recipients’
country (e.g., the United States) may have different privacy laws and
protections than the Director’s country. 
The Director understands that the Director may request a list with the
names and addresses of any potential recipients of Personal Data by contacting
the Secretary of the Company. The Director hereby authorizes the
Company and its Subsidiaries to receive, possess, use, retain and transfer the
Personal Data, in electronic or other form, for the purposes of implementing,
administering and managing the Director’s participation in the Program,
including any transfer of such Personal Data as may be required for the
administration of the Program and/or the subsequent holding of Shares on the
Director’s behalf to a broker or other third party with whom the Director may
elect to deposit any Shares acquired pursuant to the Program.  The Director understands that Personal Data
may be held only as long as is necessary to implement, administer and manage
the Director’s participation in the Program. 
The Director may, at any time, review Personal Data, request additional
information about the storage and processing of Personal Data, and require any
necessary amendments to such data.  The
Director may, at any time, withdraw the consents herein in writing, in any case
without cost, by contacting the Company; however, withdrawing such consent may
affect such Director’s ability to participate in the Program.

 

11.     The invalidity or unenforceability of any
provision of this Agreement shall not affect the validity or enforceability of
any other provision of this Agreement, and each other provision of the
Agreement shall be severable and enforceable to the extent permitted by law.  To the extent a court or tribunal of
competent jurisdiction determines that any provision of this Agreement is
invalid or unenforceable, in whole or in part, the Company, in its sole
discretion, shall have the power and authority to revise or strike such
provision to the minimum extent necessary to make it valid and enforceable to
the full extent permitted under local law.

 

12.     This
Agreement shall be governed by and construed in accordance with the laws of the
State of Illinois without giving effect to the conflict of laws principles
thereof.

 

IN WITNESS
WHEREOF, the Company has caused this Agreement to be executed by its duly
authorized officer as of the grant date above set forth.

 

 

	
   

  	
   

  	
  ABBOTT LABORATORIES

  
	
   

  	
   

  	
   

  
	
   

  	
  By 

  	
  

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
  Miles D. White

  
	
   

  	
   

  	
  Chairman and Chief Executive Officer

  

 

4

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