Document:

Employment Agreement dated March 29, 2007, Douglas Kranwinkle

 Exhibit 10.15 
 This EMPLOYMENT AND NON-COMPETITION AGREEMENT (this “Agreement”), dated as of March 29, 2007 (“Effective Date”), by and between Broadcasting Media Partners, Inc., a Delaware
corporation (the “Company”), and C. Douglas Kranwinkle (the “Executive”). 
 WHEREAS, the Executive has
extensive experience and knowledge regarding Grupo Televisa, including the contracts between Univision Communications Inc. and Grupo Televisa; 
 WHEREAS, the Company desires to be assured of the Executive’s availability and services with respect to all matters arising from or relating to Grupo Televisa; 
 WHEREAS, the Company desires to be assured that the confidential information and goodwill of the Company will be preserved for the exclusive benefit of
the Company and that, in consideration of the compensation, benefits and continued employment of Executive hereunder, Executive will not be employed with any competitor of the Company for a limited period following Executive’s termination of
employment with the Company; 
 NOW, THEREFORE, in consideration of such employment and the mutual covenants and promises herein contained,
and for other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the Company and the Executive agree as follows: 
  

	1.	Employment. The Company hereby agrees to employ Executive, and Executive hereby agrees to accept employment with the Company, upon the terms and conditions contained
in this Agreement. Executive’s employment with the Company shall continue, subject to earlier termination of such employment pursuant to the terms hereof, until the second anniversary of the Effective Date (the “Employment
Period”). 

  

	2.	Duties. During the Employment Period, Executive shall make himself reasonably available at mutually convenient times to consult with the Company in regards to matters
arising from or relating to Grupo Televisa; provided that Executive shall not be required to travel or maintain any level of hours in the Company’s offices in connection with such services and may provide such services by means of telephone. In
addition, Executive shall during the Employment Period hold the position of Executive Vice President - Legal with the Company and Univision, and shall perform services consistent with such position as may be reasonably requested by the Company,
subject to Executive’s right to determine the level of his office hours at the Company’s offices. 

  

	3.	 Office Hours. Executive is initially expected to continue on a substantially full-time basis until July 1, 2007, and thereafter perform services on a
less than full-time basis. Executive shall be permitted to determine the level of his office hours, 

	 	 
if any, at the Company’s offices and the number of business hours for which he is expected to perform services that relate to matters other than Grupo
Televisa. Executive shall devote the business time, attention and energies (excepting vacation time, holidays, sick days and periods of disability) consistent with his commitment hereunder and use his reasonable best efforts in performing the
services for the Company as described herein during the Employment Period; provided, however, that nothing in this Section 3 shall be interpreted as prohibiting Executive from managing his personal affairs or engaging in
charitable or civic activities, or serving as a director of or providing services to another business or enterprise (whether engaged in for profit or not; provided, however, with respect to for profit businesses, the Executive shall be limited to
serving as a director or managing a passive investment), so long as such activities do not materially interfere with the performance of Executive’s duties and responsibilities hereunder. 

  

	4.	Compensation. 

 4.1 Restrictive Covenant
Payment. In consideration of Executive’s restrictive covenants set forth in Section 6 hereof and his services arising from or relating to Grupo Televisa, Executive shall be entitled to a payment of $4,700,000 on or one day following
the Effective Date. The Company has engaged KPMG to provide a valuation of Executive’s restrictive covenants under Section 6, and Executive agrees that such valuation shall be used to determine the portion (but not exceeding 100%) of the
lump sum payment under this paragraph allocable to such restrictive covenants. The balance of the lump sum payment under this paragraph shall be allocated to the services arising from or relating to Grupo Televisa. If requested, Executive shall
execute and deliver an amendment to this Agreement setting forth the allocation of the lump sum payment under this paragraph. 
 4.2 Base
Salary. 
 (a) In consideration of any office hours maintained by Executive at the Company’s offices and any additional services to
be rendered by the Executive under this Agreement, the Company shall pay Executive a base salary depending on the aggregate level of office hours and other business hours for the Company. If Executive’s aggregate business and office hours for
the Company are on a full-time basis, his base salary shall be at a monthly rate of $64,200. Such monthly rate shall be proportionately adjusted downward to reflect his less than full-time aggregate business and office hours. 
 (b) The Base Salary shall be paid in such installments and at such times as the Company pays its regularly salaried executives and shall be subject to
all necessary withholding taxes, FICA contributions and similar deductions. 
 4.3 Discretionary Bonus. During the Employment Period,
the Board may determine, in its sole discretion, to award Executive an annual bonus with respect to a fiscal year of the Company. Such bonus, if any, shall be payable no later than seventy-five (75) days following the end of such fiscal year.

  

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 4.4 Stock Option. On the Effective Date or as soon as practicable thereafter, Executive shall be
granted a nonqualified stock option to purchase a number of shares of Class A Common Stock of the Company which represent, on the Effective Date, 0.06% of the fully diluted appreciation in the value of the Common Stock of the Company (excluding
preferences with respect to the Class L Common Stock of the Company) as of the Effective Date. The terms of the stock option grant shall be set forth in a separate award agreement, the terms of which shall be in a form as agreed upon by the Company
and the Executive. 
 4.5 Additional Payments. 
 (a) The Executive shall be entitled to receive from the rabbi trust funding the obligations under the Univision Communications, Inc. Change in Control Severance Plan and Univision Communications, Inc. Change in
Control Retention Plan (the “Rabbi Trust”) a cash payment of $4,413,788, to be paid on the Effective Date or the day after, less applicable tax withholding. 
 (b) In exchange for the payments and benefits described in this Section 4.5, Executive shall execute and deliver to the Company a release waiving his rights to any benefit or payment under the
Company’s Change in Control Severance Plan and Change in Control Retention Plan and consenting to the termination of such plans with respect to Executive in a form as set forth in Exhibit A; provided, however, that Executive shall be
entitled to and shall not waive or release his rights with respect to (i) the parachute gross up protection set forth in Section 4 of the Change in Control Severance Plan and (ii) reimbursement for all reasonable legal fees and
expenses incurred in seeking to obtain or enforce any right or benefit set forth in Section 4 of the Change in Control Severance Plan (other than any such fees and expenses incurred in pursuing any claim determined by an arbitrator or by a
court of competent jurisdiction to be frivolous or not to have been brought in good faith). Executive shall also take all other actions required under the terms of the Trust Agreement, dated February 5, 2007, by and between Univision
Communications, Inc., a Delaware corporation, or any successor thereto and United States Trust Company, National Association (the “Trustee”) to waive his rights to any payments or benefits under the Company’s Change in Control
Severance Plan and Change in Control Retention Plans, other than the amounts described in this Section 4.5. 
 4.6
Vacation. Executive shall be entitled to receive a lump sum payment equal to his accrued and unused vacation on the date (or as soon as reasonably practicable thereafter) on which Executive begins to perform services on a less than full-time
basis (which date is expected to be after July 1, 2007). Thereafter, Executive shall be entitled to five (5) days of paid vacation for every twelve weeks of full-time employment or equivalent thereof. For example, if Executive works for 24
weeks on a 50% of full-time basis, Executive shall accrue five (5) days of paid vacation. 
  

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 4.7 Benefits. During the Employment Period, Executive shall be entitled to participate in the
Company’s health plan in effect from time to time on the same basis as other senior executives of the Company, regardless of the number of his business or office hours. Executive shall also be entitled during the Employment Period to
participate in the Company’s other benefit plans as in effect from time to time (but excluding any severance or bonus plans unless specifically referenced in this Agreement) on the same basis as those generally made available to other senior
executives of the Company, but only to the extent Executive may be eligible to do so under the terms of any such Benefit Plan. Executive understands that any such Benefit Plans may be terminated or amended from time to time by the Company in its
discretion. 
 4.8 Perquisites. During the Employment Period, the Company shall provide the Executive (i) if the Executive is
maintaining business and office hours equivalent to at least 50% of a full-time basis, use of an apartment in the proximate area of the Company’s offices in the Los Angeles, CA area, provided that the monthly cost of such apartment shall not
exceed $3,500 (and Executive shall be grossed up for income taxes, if any, incurred on such benefit), (ii) reimbursement for the cost of an annual physical examination, (iii) first class air travel and hotel (when traveling for business
purposes) and (iv) term life insurance coverage in an amount of $3 million at standard rates. 
  

	5.	Termination. 

 5.1 Death or Permanent
Disability. In the event of Executive’s death or Permanent Disability during the Employment Period, Executive’s employment with the Company will be deemed terminated and Executive or his legal representatives shall be entitled to
receive any accrued but unpaid Base Salary and vacation through the date of termination. As used herein, the term “Permanent Disability” shall mean a physical or mental incapacity or disability which renders Executive unable to
perform his material duties for a period of 180 days in any twelve-month period. 
 5.2 Other Terminations of Employment. Subject to
Section 5.1, Executive’s obligations pursuant to the first sentence of Section 2 (relating to Grupo Televisa) are expected to continue during the Employment Period. Executive may choose to reduce his office and business hours relating
to matters other than Grupo Televisa to zero. However, in the event Executive’s office and business hours (including those related to Grupo Televisa) are reduced to zero for any other reason other than those specified in
Section 5.1, Executive’s employment with the Company will be deemed terminated and Executive shall be entitled to any accrued but unpaid Base Salary and vacation through the date of termination. 
 5.3 Extended Medical Benefits; No Other Severance. If Executive’s employment is terminated by the Company or on account of Permanent
Disability, or on account of the expiration of the Employment Term on the second anniversary of the Effective Date, Executive shall receive one year of continued group medical coverage for Executive and his eligible dependents upon the same terms as
provided to senior executive officers of the Company and at the same coverage levels as in effect 

  

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immediately prior to such termination of employment, provided that such continued group medical coverage shall cease upon Executive becoming employed by
another employer and eligible for medical coverage with such other employer. Executive hereby acknowledges and agrees that, other than the continued group medical coverage described in this Section 5, upon termination, Executive shall
not be entitled to any other severance under any Company benefit plan or severance policy generally available to the Company’s employees or otherwise. 
 5.4 Reimbursement of Expenses. The Company shall reimburse the Executive for all reasonable and necessary expenses actually incurred by the Executive directly in connection with the business and affairs of the
Company and the performance of his duties hereunder, upon presentation of proper receipts or other proof of expenditure and in accordance with such reasonable guidelines or limitations established by the Board from time to time. 
  

	6.	Restrictions on Activities of the Executive. 

 6.1 Non-Competition. 
 (a) Executive shall not, directly or indirectly, be employed by or otherwise perform services for
Grupo Televisa until the fifth anniversary of the Effective Date. 
 (b) Executive further covenants and agrees that during employment and
for a period of two years after termination of Executive’s employment under this Agreement (“Cooling Off Period”), Executive will not directly or indirectly engage in any “Business” (as defined below) in the United States
and Puerto Rico and any other country in which the Company or any of its affiliates engages in such Business (whether alone, as a partner, joint venturer, officer, director, employee, consultant or investor of any other entity) that is competitive
with or adverse to the Company or any of its subsidiaries, including, but not limited to, (x) representing, as talent agent or otherwise, any performer or celebrity, (y) the production of advertising, news or programming of any kind or the
distribution or transmission of any such advertising, news or programming wherever produced, or (z) the advertising, marketing, telemarketing or sale of any product, institution or service similar to the Company or any of its subsidiaries, or
any of their products or services. Executive also covenants and agrees that during the Cooling-Off Period Executive will not (other than in the performance of Executive’s duties under this Agreement) join or participate with any person who is,
or hereafter at any time is engaged by Company or any of its affiliates as an officer, performer or independent contractor in the conduct of any business, corporation, partnership, firm or enterprise competing with the business of the Company or any
of its affiliates. For purposes of this subsection, “Business” means any and all forms of media, communication and entertainment, including, without limitation, television, radio, the internet (including e-services and e-commerce), music,
movies, theater, print and visual/audio entertainment via all methods of delivery whether now known or hereafter developed or conceived. 
  

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 Notwithstanding anything herein to the contrary, the Executive may hold passive investments in any
enterprise the shares of which are publicly traded if such investment constitutes less than one percent (1%) of the equity of such enterprise. 
 6.2 Non-Solicitation. Executive covenants and agrees that during employment and for a period of two years after the termination of Executive’s employment under this Agreement, Executive shall not directly or indirectly influence
or attempt to influence or solicit present or future customers, employees, performers or independent contractors of the Company or any of its affiliates to restrict, reduce, sever or otherwise alter their relationship with the Company or such
affiliates. 
 6.3 Confidentiality. Executive shall not, during the Employment Period or at any time thereafter, directly or
indirectly, disclose, reveal, divulge or communicate to any person other than authorized officers, directors and employees of the Company or otherwise in the proper discharge of his duties hereunder, or use or otherwise exploit for his own benefit
or for the benefit of anyone other than the Company or the Sponsors (as defined below) in respect of their investment in the Company, any Confidential Information (as defined below). The Executive shall not have any obligation to keep confidential
any Confidential Information if and to the extent disclosure thereof is specifically required by applicable law; provided, however, that in the event disclosure is required by applicable law, the Executive shall, to the extent
reasonably possible, provide the Company with prompt notice of such requirement prior to making any disclosure so that the Company may seek an appropriate protective order. Promptly upon termination, for any reason, of Executive’s employment
with the Company, Executive agrees to deliver to the Company all property and materials within Executive’s possession or control which belong to the Company or any of its subsidiaries or affiliates which contain Confidential Information.

 “Confidential Information” means any information with respect to the Company or any of its subsidiaries and affiliates,
including methods of operation, customer lists, products, prices, fees, costs, technology, formulas, inventions, trade secrets, know-how, software, marketing methods, plans, personnel, suppliers, competitors, markets or other specialized information
or proprietary matters; provided, that, there shall be no obligation hereunder with respect to, information that (i) is generally available to the public on the Effective Date or (ii) becomes generally available to the public
other than as a result of a disclosure not otherwise permissible hereunder. 
 “Sponsors” means the “principal
investors” as defined in the Stockholders Agreement by and among the Company, Broadcast Media Partners Holdings, Inc., Umbrella Acquisition, Inc. and Certain Stockholders of the Company, dated as of March 29, 2007 as amended from time to
time. 
 6.4 Assignment of Inventions. Executive agrees that any and all inventions, discoveries, innovations, writings, domain names,
improvements, trade secrets, designs, drawings, formulas, business processes, secret processes and know-how, whether or not patentable or a copyright or trademark, which Executive may create, conceive, develop or 

  

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make during the Employment Period, either alone or in conjunction with others and related or in any way connected with the Company’s strategic plans,
products, processes or apparatus or the Business (collectively, “Inventions”), shall be the sole and exclusive property of the Company as against Executive or any of Executive’s assignees. Regardless of the status of
Executive’s employment by the Company, Executive and Executive’s heirs, assigns and representatives shall promptly assign to the Company any and all right, title and interest in and to such Inventions made during the Employment Period.

 Whether during or after the Employment Period, Executive further agrees to execute and acknowledge all papers and to do, at the
Company’s expense, any and all other things necessary for or incident to the applying for, obtaining and maintaining of such letters patent, copyrights, trademarks or other intellectual property rights, as the case may be, in respect of
Inventions and to execute, on request, all papers necessary to assign and transfer Inventions, and copyrights, patents, patent applications and other intellectual property rights in respect thereof, to the Company and its successors and assigns. In
the event that the Company is unable, after reasonable efforts and, in any event, after ten (10) business days, to secure Executive’s signature on a written assignment of an Invention to the Company, of any application for letters patent,
trademark registration or to any common law or statutory copyright or other property right therein, whether because of his physical or mental incapacity, or for any other reason whatsoever, Executive irrevocably designates and appoints the Secretary
of the Company as Executive’s attorney-in-fact to act on Executive’s behalf to execute and file any such applications and to do all lawfully permitted acts to further the prosecution or issuance of such assignments, letters patent,
copyright or trademark. 
 6.5 Survival. This Section 6 shall survive any termination or expiration of this Agreement.

  

	7.	Remedies. It is specifically understood and agreed that any breach of the provisions of Section 6 of this Agreement is likely to result in irreparable injury to
the Company and that the remedy at law alone will be an inadequate remedy for such breach, and that in addition to any other remedy it may have, the Company shall be entitled to enforce the specific performance of this Agreement by the Executive and
to seek both temporary and permanent injunctive relief (to the extent permitted by law) without bond and without liability should such relief be denied, modified or violated. 

  

	8.	Severable Provisions. The provisions of this Agreement are severable and the invalidity of any one or more provisions shall not affect the validity of any other
provision. In the event that a court of competent jurisdiction shall determine that any provision of this Agreement or the application thereof is unenforceable in whole or in part because of the duration or scope thereof, the parties hereto agree
that said court in making such determination shall have the power to reduce the duration and scope of such provision to the extent necessary to make it enforceable, and that the Agreement in its reduced form shall be valid and enforceable to the
full extent permitted by law. 

  

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	9.	Notices. All notices hereunder, to be effective, shall be in writing and shall be deemed effective when delivered by hand or mailed by (a) certified mail, postage and
fees prepaid, or (b) nationally recognized overnight express mail service, as follows: 

 If to the Company: 
 Broadcasting Media Partners, Inc. 
 c/o
Univision Communications, Inc. 
 1999 Avenue of the Stars, Suite 3050 
 Los Angeles, California 90067 
 Attn: General
Counsel 
 With copies to (which shall not constitute notice): 
 Weil, Gotshal & Manges LLP 
 100 Federal Street, Floor 34 
 Boston, MA 02110 
 Attn: David K. Duffel, Esq.

 If to the Executive: 
 The
address of Executive as shown in the Company’s records 
 or to such other address as a party may notify the other pursuant to a notice given in
accordance with this Section 9. 
  

	10.	Miscellaneous. 

 10.1 Executive and
Company Representations. Executive hereby represents to the Company that the execution and delivery of this Agreement by Executive and the Company and the performance by Executive of Executive’s duties hereunder shall not constitute a
breach of, or otherwise contravene, or be prevented, interfered with or hindered by, the terms of any employment agreement or other agreement or policy to which Executive is a party or otherwise bound. The Company hereby represents and warrants to
Executive that it is fully authorized and empowered to enter into this Agreement, that the Agreement has been duly authorized by all necessary corporate action, that the performance of its obligations under this Agreement will not violate any
agreement between it and any other person, firm or organization or any applicable law or regulation and that this Agreement is enforceable in accordance with its terms. 
 10.2 Indemnification. Executive shall be indemnified by the Company for acts taken in his role as officer, director or fiduciary with respect to the Company or any of its affiliates, as and to the extent
provided in the Company’s Certificate of Incorporation as in effect on the Effective Date. 
  

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 10.3 Entire Agreement; Amendment. Except as otherwise expressly provided herein and as further set
forth in the grant agreement of any equity awards, this Agreement constitutes the entire Agreement between the parties hereto with regard to the subject matter hereof, superseding all prior understandings and agreements, whether written or oral.
This Agreement may not be amended or revised except by a writing signed by the parties. 
 10.4 Assignment and Transfer. The
provisions of this Agreement shall be binding on and shall inure to the benefit of the Company and any successor in interest to the Company. Neither this Agreement nor any of the rights, duties or obligations of the Executive shall be assignable by
the Executive, nor shall any of the payments required or permitted to be made to the Executive by this Agreement be encumbered, transferred or in any way anticipated, except as required by applicable laws. All rights of the Executive under this
Agreement shall inure to the benefit of and be enforceable by the Executive’s personal or legal representatives, estates, executors, administrators, heirs and beneficiaries. All amounts payable to the Executive hereunder shall be paid, in the
event of the Executive’s death, to the Executive’s estate, heirs or representatives. 
 10.5 Waiver of Breach. A waiver by
either party of any breach of any provision of this Agreement by the other party shall not operate or be construed as a waiver of any other or subsequent breach by the other party. 
 10.6 Withholding. The Company shall be entitled to withhold from any amounts to be paid or benefits provided to the Executive hereunder any
federal, state, local or foreign withholding, FICA contributions, or other taxes, charges or deductions which it is from time to time required to withhold. The Company shall be entitled to rely on an opinion of counsel if any question as to the
amount or requirement of any such withholding shall arise. 
 10.7 Section 409A. It is the intention of the parties to this
Agreement that no payment or entitlement pursuant to this Agreement will give rise to any adverse tax consequences to Executive under Section 409A of the Code. The Agreement shall be interpreted to that end and, consistent with that objective
and notwithstanding any provision herein to the contrary, the Company and Executive may mutually agree to take any action they deem necessary or desirable to amend any provision herein to avoid the application of or penalty tax under
Section 409A of the Code. Notwithstanding any other provision herein, if the Company determines that Executive is a “specified employee”, as defined in, and pursuant to, Prop. Reg. Section 1.409A-1(i) or any successor regulation,
on the date of termination of employment, no payment of compensation under this Agreement shall be made to Executive during the period lasting six months from the date of termination unless Executive determines that there is no reasonable basis for
believing that making such payment would cause Executive to suffer any adverse tax consequences pursuant to Section 409A of the Code. If any payment to Executive is delayed pursuant 

  

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to the foregoing sentence, such payment instead shall be made on the first business day following the expiration of the six-month period referred to in the
prior sentence, along with simple interest at LIBOR as in effect on the date of termination of employment. The Company and Executive shall consult in good faith regarding implementation of this Section 10.7; provided that neither the
Company nor its employees or representatives shall have liability to the Executive with respect hereto in respect of actions taken by the Company in good faith. 
 10.8 No Mitigation or Offset. In the event of any termination of Executive’s employment hereunder, Executive shall be under no obligation to seek other employment or otherwise mitigate the obligations of
the Company under this Agreement, and there shall be no offset against amounts due Executive under this Agreement on account of future earnings by the Executive. Any amounts due to Executive under this Agreement upon termination of employment are
considered to be reasonable by the Company and are not in the nature of a penalty. 
 10.9 Governing Law and Jurisdiction. This
Agreement shall be construed under and enforced in accordance with the laws of the State of Delaware, without regard to the conflicts of law provisions thereof. Further, the parties hereby consent to the personal jurisdiction of the courts of the
State of New York, County of New York, and the United States Federal District Court for the Southern District of New York for any disputes arising from this Agreement. In the event that Executive substantially prevails on any such dispute, the
Company shall pay Executive’s reasonable legal fees. 
 10.10 Counterparts. This Agreement may be executed in one or more
counterparts, each of which shall be deemed an original and shall have the same effect as if the signatures hereto and thereto were on the same instrument. 
 [Remainder of page left intentionally blank] 
  

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 IN WITNESS WHEREOF, the parties hereto have duly executed this Agreement as of the day and year first
above written. 
  

			
	COMPANY:
		
	By:	 	 /s/ Ray Rodriguez

	Name:	 	Ray Rodriguez
	Title:	 	President, Chief Operating Officer
	
	EXECUTIVE:
	
	 /s/ C. Douglas Kranwinkle

 EXHIBIT A 
  

 1 

 WAIVER AND RELEASE OF CLAIMS AGREEMENT 
 This Waiver and Release of Claims Agreement (hereafter, the “Agreement”) is made and entered into this 29th day of March, 2007, by Univision
Communications, Inc. (hereafter, the “Employer”) and C. Douglas Kranwinkle and all of his agents, heirs, and successors (hereafter referred to as “Employee”). 
 WHEREAS the Employer and Employee mutually agree that, except as specifically set forth herein, Employee will release all claims against the Employer and
all rights under the Univision Communications, Inc. Change in Control Severance Plan (the “Change in Control Severance Plan”) and Univision Communications, Inc. Change in Control Retention Plan (the “Change in Control Retention
Plan”) in exchange for the Payment; and 
 WHEREAS the Employee acknowledges that the consideration provided him under this Agreement is
sufficient to support the releases provided by him under this Agreement; 
 NOW THEREFORE, in consideration of the Payment and the premises,
the parties agree as follows: 
  

	1.	In exchange for Employee’s waiver and release of claims contained herein, Employee shall receive an amount equal to the sum of $9,113,788 (the “Payment”) from
the rabbi trust funding the obligations under the Change in Control Severance Plan and Change in Control Retention Plan, subject to applicable withholding and other applicable taxes, to be paid in a lump sum no later than one day following the
consummation of the transactions contemplated by that Agreement and Plan of Merger between Broadcasting Media Partners, Inc., Umbrella Acquisition, Inc. and the Employer dated as of June 26, 2006 (the “Effective Date”).

  

	2.	 It is understood and agreed by the parties to this Agreement that in consideration of the mutual promises and covenants contained in this Agreement, and after
consultation with counsel, Employee for himself and each of his respective heirs, representatives, agents, successors and assigns, irrevocably and unconditionally releases and forever discharges Employer, Broadcasting Media Partners, Inc., their
subsidiaries and affiliates and their respective current and former officers, directors, shareholders, employees, representatives, heirs, attorneys and agents, as well as their respective predecessors, parent companies, subsidiaries, affiliates
divisions, successors and assigns and its respective current and former officers, directors, shareholders, employees, representatives, attorneys and agents (collectively, the “Released Parties”), from any and all causes of action, claims,
actions, rights, judgments, obligations, damages, demands, accountings or liabilities of whatever kind or character which Employee may have against them, or any of them by reason of or arising out of, touching upon or concerning Employee’s
employment with Employer, or any statutory claims, or any and all 

  

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other matters of whatever kind, nature or description, whether known or unknown, arising prior to and through the Effective Date. Employee acknowledges that
this release of claims specifically includes, but is not limited to, (i) any and all rights to amounts or benefits due to Employee under the Change in Control Severance Plan (except as specifically set forth below) and Change in Control
Retention Plan and that such plans shall be terminated with respect to Employee as of the Effective Date and (ii) any and all claims for fraud; breach of contract; breach of the implied covenant of good faith and fair dealing; inducement of
breach; interference with contractual rights; wrongful or unlawful discharge or demotion; violation of public policy; negligent misrepresentation; conspiracy; failure to pay wages, benefits, vacation pay, severance pay, attorneys’ fees, or
other compensation of any sort; defamation; unlawful effort to prevent employment; discrimination on the basis of race, color, sex, national origin, ancestry, religion, age, disability, handicap, medical condition or marital status; any claim under
the Age Discrimination in Employment Act, as amended (“ADEA”), Title VII of the Civil Rights Act of 1964, as amended, the Americans with Disabilities Act, the Fair Labor Standards Act, the Employee Retirement Income Security Act of 1974,
as amended, the Consolidated Omnibus Budget Reconciliation Act, the Family and Medical Leave Act, or any other wrongful conduct, based upon events occurring prior to the Effective Date. Notwithstanding the provisions of this paragraph, nothing in
this waiver or release shall be construed to constitute any release or waiver by Employee of his rights or claims against the Released Parties (i) arising out of this Agreement or the enforcement hereof, (ii) with respect to any rights to
insurance coverage and indemnification from the Employer in respect of actions, or failures to act, occurring prior to and through the Effective Date, (iii) with respect to any rights under Section 4 of the Change in Control
Severance Plan, (iv) with respect to Employee’s rights under the Change in Control Severance Plan to reimbursement for all reasonable legal fees and expenses incurred in seeking to obtain or enforce any right or benefit set forth in
Section 4 of the Change in Control Severance Plan (other than any such fees and expenses incurred in pursuing any claim determined by an arbitrator or by a court of competent jurisdiction to be frivolous or not to have been brought in good
faith), (v) any rights to any vested benefits under any other employee benefit plan of the Employer in which Employee and/or his dependents are participants and (vi) with respect to all payments and obligations pursuant the Make Whole
Payment Letter agreement, dated December 21, 2006, between Employee and Umbrella Acquisition, Inc. 

  

	3.	Employee acknowledges that Employee has signed this Agreement voluntarily, knowingly, of his own free will and without reservation or duress, that he has been advised to consult
with an attorney prior to signing this Agreement, and that no promises or representations, written or oral, have been made to him by any person to induce him to do so other than the promise of payment set forth in the first paragraph above and
Employer’s acknowledgment of his rights reserved under the second paragraph above. 

  

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	4.	This Agreement sets forth the entire understanding of the parties and supersedes any and all prior agreements, oral or written, relating to the subject matters contained herein and
is legally binding and enforceable. This Agreement may not be modified except by a writing, signed by Employee and by a duly authorized officer of the Employer. This Agreement shall be binding upon the Employee’s heirs and personal
representatives, and the successors and assigns of the Employer. 

  

	5.	This Agreement shall be governed and interpreted under federal law and the laws of the State of Delaware. 

  

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 Intending to be legally bound, the parties execute this Waiver and Release of Claims Agreement by their
signatures below. 
  

									
	Employee	 		 	Univision Communications Inc.
					
	Print Name:	 	  
	 		 	By:	 	  

	Signed:	 	  
	 		 	Title:	 	  

	Date:	 	  
	 		 	Date:Form of Indemnification Agreement for Outside Directors

 Exhibit 10.16 
 INDEMNIFICATION AGREEMENT 
 This Indemnification Agreement (the “Agreement”)
made and entered into this 2nd day of April, 2007 by and between Broadcasting Media Partners, Inc., a Delaware corporation (the “Company”), and [Director Name] (the “Indemnitee”). 
 WHEREAS, it is essential that the Company be able to retain and attract as directors the most capable persons available; 
 WHEREAS, the Company’s By-Laws permit it to enter into indemnification arrangements and agreements; 
 WHEREAS, the Company desires to provide the Indemnitee with specific contractual assurances of the Indemnitee’s rights to full indemnification
against litigation risks and reasonable expenses (regardless, among other things, of any amendment to or revocation of the Company’s By-Laws or any change in the ownership of the Company or the composition of its Board of Directors) and, to the
extent insurance is available, the coverage of the Indemnitee under the Company’s directors and officers liability insurance policies; and 
 WHEREAS, the Indemnitee is relying upon the rights afforded under this Agreement in accepting Indemnitee’s position as a director of the Company. 
 NOW, THEREFORE, in consideration of the mutual promises and covenants contained herein, the Company and Indemnitee do hereby covenant and agree as follows: 
 1. Definitions. 
 (a)
“Corporate Status” describes the status of a person who is serving or has served (i) as a director, officer or employee of the Company, (ii) in any capacity with respect to any employee benefit plan of the Company,
or (iii) as a director, partner, member, trustee, officer, employee, or agent of any other Entity at the request of the Company. For purposes of subsection (iii) of this Section 1(a), if Indemnitee is serving or has served as a
director, partner, trustee, officer, employee or agent of a Subsidiary, Indemnitee shall be deemed to be serving at the request of the Company. 
 (b) “Entity” shall mean any corporation, partnership, limited liability company, joint venture, trust, foundation, association, organization or other legal entity and any group or division of the Company or any of
its subsidiaries. 
 (c) “Expenses” shall mean all reasonable fees, costs and expenses actually and reasonably
incurred in connection with any Proceeding (as defined below), including, without limitation, reasonable attorneys’ fees, disbursements and retainers (including, without limitation, any such fees, disbursements and retainers incurred by
Indemnitee pursuant to Section 11 of this Agreement), fees and disbursements of expert witnesses, private investigators and professional advisors (including, without limitation, accountants), court costs, transcript costs, fees of experts,
travel expenses, duplicating, printing and binding costs, telephone and fax transmission charges, postage, delivery services, secretarial services, and other disbursements and expenses, but excluding Liabilities. 

 (d) “Indemnifiable Expenses,” “Indemnifiable Liabilities”
and “Indemnifiable Amounts” shall have the meanings ascribed to those terms in Section 3(a) below. 
 (e)
“Liabilities” shall mean judgments, damages, liabilities, losses, penalties, excise taxes, fines and amounts paid in settlement. 
 (f) “Proceeding” shall mean any threatened, pending or completed claim, action, suit, arbitration, alternate dispute resolution process, investigation, administrative hearing, appeal, or any
other proceeding, whether civil, criminal, administrative or investigative, whether formal or informal, including a proceeding initiated by Indemnitee pursuant to Section 11 of this Agreement to enforce Indemnitee’s rights hereunder.

 (g) “Subsidiary” shall mean any Entity of which the Company owns (either directly or through or together with
another Subsidiary of the Company) either (i) a general partner, managing member or other similar interest or (ii) (A) 50% or more of the voting power of the voting capital equity interests of such Entity, or (B) 50% or more of
the outstanding voting capital stock or other voting equity interests of such Entity. 
 2. Services of Indemnitee. In consideration
of the Company’s covenants and commitments hereunder, Indemnitee agrees to serve as a director of the Company; provided, that this Agreement shall not impose any obligation on Indemnitee or the Company to continue
Indemnitee’s service to the Company at any particular rate or for any particular period of time, unless otherwise required by law or by other agreements or commitments of the parties, if any. 
 3. Agreement to Indemnify 
 The
Company agrees to indemnify Indemnitee as follows: 
 (a) Subject to the exceptions contained in this Agreement, if Indemnitee was or is a
party or is threatened to be made a party to any Proceeding (other than an action by or in the right of the Company) by reason of Indemnitee’s Corporate Status, Indemnitee shall be indemnified by the Company against all Expenses and Liabilities
actually incurred by Indemnitee in connection with such Proceeding (referred to herein as “Indemnifiable Expenses” and “Indemnifiable Liabilities,” respectively, and collectively as
“Indemnifiable Amounts”). 
 (b) Subject to the exceptions contained in this Agreement, including Section 4(b)
below, if Indemnitee was or is a party or is threatened to be made a party to any Proceeding by or in the right of the Company to procure a judgment in its favor by reason of Indemnitee’s Corporate Status, Indemnitee shall be indemnified by the
Company against all Indemnifiable Expenses. 
 4. Exceptions to Indemnification. Indemnitee shall be entitled to indemnification under
Sections 3(a) and 3(b) above in all circumstances other than the following: 
  

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 (a) If indemnification is requested under Section 3(a) and it has been adjudicated finally by a
court of competent jurisdiction that, in connection with the subject of the Proceeding out of which the claim for indemnification has arisen, Indemnitee failed to act in good faith and in a manner Indemnitee reasonably believed to be in or not
opposed to the best interests of the Company or, with respect to any criminal action or proceeding, Indemnitee had reasonable cause to believe that Indemnitee’s conduct was unlawful, Indemnitee shall not be entitled to payment of Indemnifiable
Amounts hereunder. 
 (b) If indemnification is requested under Section 3(b) and 
 (i) it has been adjudicated finally by a court of competent jurisdiction that, in connection with the subject of the Proceeding out of which the claim
for indemnification has arisen, Indemnitee failed to act in good faith and in a manner Indemnitee reasonably believed to be in or not opposed to the best interests of the Company, Indemnitee shall not be entitled to payment of Indemnifiable Expenses
hereunder; 
 (ii) it has been adjudicated finally by a court of competent jurisdiction that Indemnitee is liable to the Company with
respect to any claim, issue or matter involved in the Proceeding out of which the claim for indemnification has arisen, including, without limitation, a claim that Indemnitee received an improper personal benefit or improperly took advantage of a
corporate opportunity, Indemnitee shall not be entitled to payment of Indemnifiable Expenses hereunder with respect to such claim, issue or matter unless the court in which such Proceeding was brought shall determine upon application that, despite
the adjudication of liability, but in view of all the circumstances of the case, Indemnitee is fairly and reasonably entitled to indemnity for such Indemnifiable Expenses which such court shall deem proper; or 
 (iii) it has been finally adjudicated by a court of competent jurisdiction that Indemnitee is liable to the Company for an accounting of profits made
from the purchase or sale by the Indemnitee of securities of the Company pursuant to the provisions of Section 16(b) of the Securities Exchange Act of 1934, the rules and regulations promulgated thereunder and amendments thereto or similar
provisions of any federal, state or local statutory law. 
 5. Notification and Defense of Claim. As a condition precedent to the
right of indemnification, Indemnitee agrees notify the Company in writing as soon as practicable of any Proceeding for which indemnification will or could be sought by Indemnitee and provide the Company with a copy of any summons, citation,
subpoena, complaint, indictment, information or other document relating to such Proceeding with which Indemnitee is served; provided that the failure of Indemnitee to give notice as provided herein shall not relieve the Company of its
obligations under this Agreement, except to the extent that the Company is adversely affected by such failure. With respect to any Proceeding of which the Company is so notified, the Company will be entitled to participate therein at its own expense
and/or to assume the defense thereof at its own expense, with legal counsel reasonably acceptable to Indemnitee. After notice from the Company to Indemnitee of its election so to assume such defense, the Company shall not be liable to Indemnitee for
any legal or other expenses subsequently incurred by Indemnitee in connection with such claim, other than as provided below in this Section 5. Indemnitee shall have the right to employ Indemnitee’s own counsel in connection with such
claim, but the fees 

  

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and expenses of such counsel incurred after notice from the Company of its assumption of the defense thereof shall be at the expense of Indemnitee unless
(i) the employment of counsel by Indemnitee has been authorized by the Company, (ii) counsel to Indemnitee shall have reasonably concluded that there may be a conflict of interest or position on any significant issue between the Company
and Indemnitee in the conduct of the defense of such action, (iii) counsel to Indemnitee reasonably concludes that Indemnitee may have separate defenses or counterclaims to assert with respect to any issue which may not be consistent with the
position of other defendants in such Proceeding or (iv) the Company shall not in fact have employed counsel to assume the defense of such action, in each of which cases the fees and expenses of counsel for Indemnitee shall be at the expense of
the Company, except as otherwise expressly provided by this Agreement. The Company shall not be entitled, without the consent of Indemnitee, to assume the defense of any claim brought by or in the right of the Company or as to which counsel for
Indemnitee shall have reasonably made the conclusion provided for in clauses (ii) or (iii) above. The Company shall not settle any Proceeding in any manner, without Indemnitee’s written consent, which would (i) impose any penalty
or limitation on Indemnitee, (ii) includes an admission of fault of Indemnitee, or (iii) does not include, as an unconditional term thereof, the full release of Indemnitee from all liability in respect of such Proceeding, which release
shall be in form and substance reasonably satisfactory to Indemnitee. The Indemnitee will not unreasonably withhold his consent to any proposed settlement. In making the determination required to be made under Delaware law with respect to
entitlement to indemnification hereunder, the person, persons or entity making such determination shall presume that the Indemnitee is entitled to indemnification under this Agreement if Indemnitee has submitted a request therefor in accordance with
Section 5 of this Agreement, and the Company shall have the burden of proof to overcome that presumption in connection with the making by any person, persons or entity of any determination contrary to that presumption. 
 6. Procedure for Payment of Indemnifiable Amounts. As a condition precedent to the right of indemnification, Indemnitee shall submit to the
Company a written request, including such documentation and information as are reasonably available to Indemnitee and necessary to establish that Indemnitee is entitled to indemnification hereunder, specifying the Indemnifiable Amounts for which
Indemnitee seeks payment under Section 3 or Section 9 of this Agreement and the basis for the claim. Subject to Section 4, the Company shall pay such Indemnifiable Amounts to Indemnitee within twenty (20) calendar days of receipt
of the request. At the request of the Company, Indemnitee shall furnish such documentation and information as are reasonably available to Indemnitee and necessary to establish that Indemnitee is entitled to indemnification hereunder. 
 7. Indemnification for Expenses of a Party Who is Wholly or Partly Successful. Notwithstanding any other provision of this Agreement, and without
limiting any such provision, to the extent that Indemnitee is, by reason of Indemnitee’s Corporate Status, a party to and is successful, on the merits or otherwise, in any Proceeding, Indemnitee shall be indemnified against all Expenses
reasonably incurred by Indemnitee or on Indemnitee’s behalf in connection therewith. If Indemnitee is not wholly successful in such Proceeding but is successful, on the merits or otherwise, as to one or more but less than all claims, issues or
matters in such Proceeding, the Company shall indemnify Indemnitee against all Expenses reasonably incurred by Indemnitee or on Indemnitee’s behalf in connection with each successfully resolved claim, issue or matter. For purposes of this
Agreement, the termination of any claim, issue or matter in such a Proceeding by dismissal, with or without prejudice, shall be deemed to be a successful result as to such claim, issue or matter. 
  

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 8. Effect of Certain Resolutions. Neither the settlement nor termination of any Proceeding nor the
failure of the Company to award indemnification or to determine that indemnification is payable shall create an adverse presumption that Indemnitee is not entitled to indemnification hereunder. In addition, the termination of any proceeding by
judgment, order, settlement, conviction, or upon a plea of nolo contendere or its equivalent shall not create a presumption that Indemnitee did not act in good faith and in a manner which Indemnitee reasonably believed to be in or not opposed to the
best interests of the Company or, with respect to any criminal action or proceeding, had reasonable cause to believe that Indemnitee’s action was unlawful. 
 9. Agreement to Advance Interim Expenses. The Company shall pay to Indemnitee all Indemnifiable Expenses incurred by Indemnitee in connection with any Proceeding, including a Proceeding by or in the right of
the Company, in advance of the final disposition of such Proceeding, if Indemnitee furnishes the Company with a written undertaking to repay the amount of such Indemnifiable Expenses advanced to Indemnitee if it is finally determined by a court of
competent jurisdiction that Indemnitee is not entitled under this Agreement to indemnification with respect to such Indemnifiable Expenses, which undertaking shall be an unsecured general obligation of the Indemnitee. The terms and conditions of
such undertaking shall be determined by a quorum of the disinterested members of the Board of Directors, if any, acting in good faith and as required by the proper exercise of their fiduciary duties or, if not available, then by the written opinion
of independent legal counsel or by the Company’s shareholders. 
 10. Procedure for Payment of Interim Expenses. Indemnitee shall
submit to the Company a written request specifying the Indemnifiable Expenses for which Indemnitee seeks an advancement under Section 9 of this Agreement, together with documentation evidencing that Indemnitee has incurred such Indemnifiable
Expenses. Payment of Indemnifiable Expenses under Section 9 shall be made no later than twenty (20) calendar days after the Company’s receipt of such request and the undertaking required by Section 9. 
 11. Remedies of Indemnitee. 
 (a)
Right to Petition Court. In the event that Indemnitee makes a request for payment of Indemnifiable Amounts under Sections 3 and 6 above or a request for an advancement of Indemnifiable Expenses under Sections 9 and 10 above and the Company
fails to make such payment or advancement in a timely manner pursuant to the terms of this Agreement, Indemnitee may petition the appropriate judicial authority to enforce the Company’s obligations under this Agreement. 
 (b) Burden of Proof. In any judicial proceeding brought under Section 11(a) above, the Company shall have the burden of proving that
Indemnitee is not entitled to payment of Indemnifiable Amounts hereunder. 
 (c) Expenses. The Company agrees to reimburse Indemnitee
in full for any Expenses incurred by Indemnitee in connection with investigating, preparing for, litigating, defending or settling any action brought by Indemnitee under Section 11(a) above, or in connection with any claim or counterclaim
brought by the Company in connection therewith. 
  

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 (d) Validity of Agreement. The Company shall be precluded from asserting in any Proceeding,
including, without limitation, an action under Section 11(a) above, that the provisions of this Agreement are not valid, binding and enforceable or that there is insufficient consideration for this Agreement and shall stipulate in court that
the Company is bound by all the provisions of this Agreement. 
 (e) Failure to Act Not a Defense. The failure of the Company
(including its Board of Directors or any committee thereof, independent legal counsel, or shareholders) to make a determination concerning the permissibility of the payment of Indemnifiable Amounts or the advancement of Indemnifiable Expenses under
this Agreement shall not be a defense in any action brought under Section 11(a) above, and shall not create a presumption that such payment or advancement is not permissible. 
 12. Mutual Acknowledgement. Both the Company and Indemnitee acknowledge that in certain instances, Federal law or applicable public policy may
prohibit the Company from indemnifying its directors and officers under the Agreement or otherwise. Indemnitee understands and acknowledges that the Company may be required in the future to undertake with the Securities and Exchange Commission to
submit the question of indemnification to a court in certain circumstances for a determination of the Company’s right under public policy to indemnify Indemnitee. 
 13. Representations and Warranties of the Company. The Company hereby represents and warrants to Indemnitee that it has all necessary corporate power and authority to enter into, and be bound by the terms of,
this Agreement, and the execution, delivery and performance of the undertakings contemplated by this Agreement have been duly authorized by the Company. This Agreement, when executed and delivered by the Company in accordance with the provisions
hereof, shall be a legal, valid and binding obligation of the Company, enforceable against the Company in accordance with its terms, except as such enforceability may be limited by applicable bankruptcy, insolvency, moratorium, reorganization or
similar laws affecting the enforcement of creditors’ rights generally. 
 14. Fees and Expenses. During the term of the
Indemnitee’s service as a director, the Company shall promptly reimburse the Indemnitee for all reasonable and documented expenses incurred by him in connection with his service as a director or member of any board committee or otherwise in
connection with the Company’s business. 
 15. Contract Rights Not Exclusive. The rights to payment of Indemnifiable Amounts and
advancement of Indemnifiable Expenses provided by this Agreement shall be in addition to, but not exclusive of, any other rights which Indemnitee may have at any time under applicable law, the Company’s By-Laws, as amended, the Company’s
Certificate of Incorporation, as amended, or any other agreement, vote of shareholders or directors, or otherwise, both as to action in Indemnitee’s official capacity and as to action in any other capacity as a result of Indemnitees’s
serving as a director of the Company. Notwithstanding anything to the contrary in this Agreement, the Company shall not indemnify the Indemnitee to the extent the Indemnitee is 

  

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actually reimbursed from the proceeds of insurance, and in the event the Company makes any indemnification payments to the Indemnitee and the Indemnitee is
subsequently reimbursed from the proceeds of insurance, the Indemnitee shall promptly refund such indemnification payments to the Company to the extent of such insurance reimbursement. 
 16. Successors. This Agreement shall be (a) binding upon all successors and assigns of the Company (including any transferee of all or a
substantial portion of the business, stock and/or assets of the Company and any direct or indirect successor by merger or consolidation or otherwise by operation of law) and (b) binding on and shall inure to the benefit of the heirs, personal
representatives, executors and administrators of Indemnitee. This Agreement shall continue for the benefit of Indemnitee and such heirs, personal representatives, executors and administrators after Indemnitee has ceased to have Corporate Status.

 17. Subrogation. In the event of any payment of Indemnifiable Amounts under this Agreement, the Company shall be subrogated to the
extent of such payment to all of the rights of contribution or recovery of Indemnitee against other persons, and Indemnitee shall take, at the request of the Company, all reasonable action necessary to secure such rights, including the execution of
such documents as are necessary to enable the Company to bring suit to enforce such rights. 
 18. Change in Law. To the extent that a
change in applicable law (whether by statute or judicial decision) shall permit broader indemnification than is provided under the terms of the Certificate of Incorporation or By-Laws of the Company, as amended, and this Agreement, Indemnitee shall
be entitled to such broader indemnification and this Agreement shall be deemed to be amended to such extent. 
 19. Severability.
Whenever possible, each provision of this Agreement shall be interpreted in such a manner as to be effective and valid under applicable law, but if any provision of this Agreement, or any clause thereof, shall be determined by a court of competent
jurisdiction to be illegal, invalid or unenforceable, in whole or in part, such provision or clause shall be limited or modified in its application to the minimum extent necessary to make such provision or clause valid, legal and enforceable, and
the remaining provisions and clauses of this Agreement shall remain fully enforceable and binding on the parties. 
 20. Indemnitee as
Plaintiff. Except as provided in Section 11 of this Agreement and in the next sentence, Indemnitee shall not be entitled to payment of Indemnifiable Amounts or advancement of Indemnifiable Expenses with respect to any Proceeding brought by
Indemnitee against the Company, any Entity which it controls, any director or officer thereof, or any third party, unless the Company has consented to the initiation of such Proceeding. This Section shall not apply to affirmative defenses
asserted by Indemnitee in an action brought against Indemnitee. 
 21. Modifications and Waiver. Except as provided in Section 18
above with respect to changes in applicable law which broaden the right of Indemnitee to be indemnified by the Company, no supplement, modification or amendment of this Agreement shall be binding unless executed in writing by each of the parties
hereto. No waiver of any of the provisions of this Agreement shall be deemed or shall constitute a waiver of any other provisions of this Agreement (whether or not similar), nor shall such waiver constitute a continuing waiver. 
  

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 22. Term of Agreement. This Agreement shall continue until and terminate upon the later of
(a) six years after the date that Indemnitee shall have ceased to serve as an officer or director of the Company or (b) the final termination of all Proceedings pending on the date set forth in clause (a) in respect of which
Indemnitee is granted rights of indemnification or advancement of Expenses hereunder. 
 23. General Notices. All notices, requests,
demands and other communications hereunder shall be in writing and shall be deemed to have been duly given (a) when delivered by hand, (b) when transmitted by facsimile and receipt is acknowledged, or (c) if mailed by certified or
registered mail with postage prepaid, on the third business day after the date on which it is so mailed, or if mailed by certified overnight delivery, on the first business day after the date on which it is so mailed: 
  

					
		 	(i) If to Indemnitee, to:                        	 	
		 	  
	 	
		 	  
	 	
		 	  
	 	
			
		 	 with copies to:
	 	
			
		 	 Weil, Gotshal & Manges LLP
	 	
		 	 50 Kennedy Plaza, 11th Floor
	 	
		 	 Providence, RI 02903
	 	
		 	 Attention: David K. Duffell
	 	
		 	 (401) 278-4701
	 	
			
		 	(ii) If to the Company, to:	 	
			
		 	 Broadcasting Media Partners, Inc.
	 	
		 	 Attn: General Counsel
	 	
		 	 1999 Avenue of the Stars, Suite 3050
	 	
		 	 Los Angeles, CA 50067
	 	
		 	 (310) 556-1526
	 	

 or to such other address as may have been furnished in the same manner by any party to the others. 
 24. Governing Law. This Agreement shall be governed by and construed and enforced under the laws of the State of Delaware without giving effect to
the provisions thereof relating to conflicts of law. 
 25. Agreement Governs. This Agreement sets forth the entire agreement of the
parties hereto in respect of the subject matter contained herein and supercedes all prior agreements, whether oral or written, by any officer, employee or representative of any party hereto in respect of the subject matter contained herein; and any
prior agreement of the parties hereto in respect of the subject matter contained herein is hereby terminated and cancelled. For 

  

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avoidance of doubt, the parties confirm that the foregoing does not apply to or limit the Indemnitee’s rights under Delaware law or the Company’s
Certificate of Incorporation or By-Laws. This Agreement is to be deemed consistent wherever possible with relevant provisions of the Company’s By-Laws and Certificate of Incorporation; however, in the event of a conflict between this Agreement
and such provisions, the provisions of this Agreement shall control. 
 [Signature Page Follows] 
  

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 IN WITNESS WHEREOF, the parties hereto have executed this Director Indemnification Agreement as of the
day and year first above written. 
  

			
	 COMPANY:

	
	 BROADCASTING MEDIA PARTNERS, INC.

		
	By:	 	  

	Name:	 	C. Douglas Kranwinkle
	Title:	 	Executive Vice President & General Counsel
	
	INDEMNITEE:
	
	  

 Signature Page to Director Indemnification Agreement

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