Document:

Summary of Verbal Agreement for Director Compensation

 Exhibit 10.25 
 Summary of Verbal Agreement for Director Compensation with William G. Adams 
 William G. Adams is a
director of Liberman Broadcasting, Inc., LBI Media Holdings, Inc. and LBI Media, Inc. (collectively, the “Companies”). Effective January 1, 2008, Mr. Adams will receive an aggregate of $7,500 in cash each fiscal quarter
for his services as a director of each of the Companies and a fee of $1,500 for each board meeting (other than telephonic meetings) he attends. However, Mr. Adams is only entitled to receive one meeting fee if the meetings of the board of
directors of the Companies are held jointly or consecutively. 
 Mr. Adams will not be paid any other compensation for his service as a
director. Mr. Adams is also reimbursed for expenses incurred in the performance of his duties as a director. 
 The Companies and
Mr. Adams have not entered into a written compensation agreement, and either the Companies or Mr. Adams may terminate their verbal compensation agreement at any time, for any reason or for no reason.Exhibit 10.14

 Exhibit 10.14 
 AMENDMENT NO. 1 TO 
 JER INVESTORS TRUST INC. 
 NONQUALIFIED STOCK OPTION AND INCENTIVE AWARD PLAN 
 THIS AMENDMENT NO.1 to the JER Investors Trust Inc. Nonqualified Stock Option and Incentive Award Plan (the “Plan”) is made effective as of December 16, 2008. Capitalized terms used but not defined
herein shall have the meanings ascribed to such terms in the Plan. 
 WHEREAS, JER Investors Trust Inc. (the “Company”) adopted
that Plan on May 30, 2007; 
 WHEREAS, the Company has determined that the Plan should be amended to ensure that it and awards granted
thereunder are exempt from, or comply with, Section 409A of the Internal Revenue Code of 1986, as amended; 
 NOW, THEREFORE, the Plan
is amended as follows: 
  

	 	1.	Section 1.2(f) of the Plan is amended by inserting the following as flush language following the cause (iv) thereof: 

 Notwithstanding any other provision of the Plan or any Award Agreement to the contrary, a Change in Control shall not be deemed to have occurred unless
such transaction also constitutes a change in the ownership of a corporation or a change in the effective control of a corporation or a change in the ownership of a substantial portion of a corporation’s assets, each within the meaning of
Section 409A. 
  

	 	2.	The plan is amended by inserting the following as a new Section 1.2(x) and renumbering the remaining subsections of Section 1.2 accordingly, and any references in the Plan
or any Award Agreement to such subsections shall also be renumbered accordingly: 

 (x) “Section 409A”
means Section 409A of the Code. 
  

	 	3.	The Plan is amended by inserting the following as a new Section 10.6: 

 10.6 Section 409A. Notwithstanding any provision of the Plan, to the extent that any Award would be subject to
Section 409A, no such Award may be granted if it would fail to comply with the requirements set forth in Section 409A. To the extent that the Committee determines that the Plan or any Award is subject to Section 409A and fails to
comply with the requirements of Section 409A, notwithstanding anything to the contrary contained in the Plan or in any Award Agreement, the Committee reserves the right to amend or terminate the Plan and/or amend, restructure, terminate or
replace the Award, without the consent of the Participant, to cause the Award to either not be subject to Section 409A or to comply with applicable provisions of such section. In addition, for each Award subject to Section 409A, a
termination of employment or service with the Company shall be deemed to have occurred under the Plan with respect to such Award on the first day on which the Participant has experienced a “separation from service” within the meaning of
Section 409A. 
 Except as amended hereby, the Plan shall remain in full force and effect. 
 (signature page follows) 

 IN WITHNESS WHEREOF, the authorized representative of the Company has executed this Amendment No. 1
to the Plan, effective as of the Effective Date. 
  

					
	JER INVESTORS TRUST INC.
		
	 By:
	 	/s/ Mark S. Weiss
		 	 Name: 
	 	 Mark S. Weiss

		 	 Title:
	 	 PresidentExhibit 10.15

 Exhibit 10.15 
 AMENDMENT NO. 1 TO 
 JER INVESTORS TRUST INC. 
 NONQUALIFIED STOCK OPTION AND INCENTIVE AWARD PLAN 
 (MANAGER ONLY) 
 THIS AMENDMENT NO.1 to the JER Investors Trust Inc. Nonqualified Stock Option and
Incentive Award Plan (Manager Only) (the “Plan”) is made effective as of December 16, 2008. Capitalized terms used but not defined herein shall have the meanings ascribed to such terms in the Plan. 
 WHEREAS, JER Investors Trust Inc. (the “Company”) adopted that Plan on May 30, 2007; 
 WHEREAS, the Company has determined that the Plan should be amended to ensure that it and awards granted thereunder are exempt from, or comply with,
Section 409A of the Internal Revenue Code of 1986, as amended; 
 NOW, THEREFORE, the Plan is amended as follows: 
  

	 	1.	The Plan is amended by inserting the following as a new Section 10.6: 

 10.6 Section 409A. Notwithstanding any provision of the Plan, to the extent that any Award would be subject to
Section 409A, no such Award may be granted if it would fail to comply with the requirements set forth in Section 409A. To the extent that the Committee determines that the Plan or any Award is subject to Section 409A and fails to
comply with the requirements of Section 409A, notwithstanding anything to the contrary contained in the Plan or in any Award Agreement, the Committee reserves the right to amend or terminate the Plan and/or amend, restructure, terminate or
replace the Award, without the consent of the Participant, to cause the Award to either not be subject to Section 409A or to comply with applicable provisions of such section. In addition, for each Award subject to Section 409A, a
termination of employment or service with the Company shall be deemed to have occurred under the Plan with respect to such Award on the first day on which the Participant has experienced a “separation from service” within the meaning of
Section 409A. 
 Except as amended hereby, the Plan shall remain in full force and effect. 
 (signature page follows) 

 IN WITHNESS WHEREOF, the authorized representative of the Company has executed this Amendment No. 1
to the Plan, effective as of the Effective Date. 
  

					
	JER INVESTORS TRUST INC.
		
	 By:
	 	/s/ Mark S. Weiss
		 	 Name: 
	 	 Mark S. Weiss

		 	 Title:
	 	 PresidentAmendment No. 4 to Asset Purchase Agreement

 Exhibit 10.16 
 Execution 
 AMENDMENT NO. 4 
 TO 
 ASSET PURCHASE AGREEMENT 
 THIS AMENDMENT NO. 4 TO ASSET PURCHASE AGREEMENT (this “Amendment”) is
made as of the 7th day of July, 2008 (the “Effective Date”), between L.M. BERRY AND COMPANY, a Georgia corporation
(“Seller”), and THE BERRY COMPANY LLC, a Colorado limited liability company (“Purchaser”), as assignee of Local Insight Regatta Holdings, Inc. and successor to Local Insight Berry Holdings LLC. 
 R E C I T A L S: 
  

	 	A.	Purchaser and Seller are parties to that certain Asset Purchase Agreement dated as of February 1, 2008, as amended by that certain Amendment No. 1 to Asset Purchase
Agreement dated as of April 11, 2008, as further amended by that certain Amendment No. 2 to Asset Purchase Agreement dated as of April 17, 2008, and as further amended by that certain Amendment No. 3 to Asset Purchase Agreement
dated as of April 18, 2008 (as so amended, the “Purchase Agreement”). 

  

	 	B.	Seller and Purchaser desire to further amend and modify the Purchase Agreement as set out in this Amendment. 

 NOW, THEREFORE, in consideration of the premises, and the mutual representations, warranties, covenants and agreements hereinafter set forth, the
parties hereto agree as follows: 
 1. Defined Terms. Capitalized terms used in but not defined in this Amendment shall have the
respective meanings ascribed thereto as set forth in the Purchase Agreement. 
 2. Amendment of Section 1.7(c). The reference to
“seventy-five (75) calendar days” in the first sentence of Section 1.7(c) of the Purchase Agreement is hereby deleted and replaced with “one hundred and five (105) calendar days.” 
 3. Effective Date. This Amendment shall become effective on the Effective Date. 
 4. No Other Amendments. Except as expressly amended and modified herein, the Purchase Agreement shall continue in full force and effect in
accordance with its terms. 
 5. Counterparts. This Amendment may be executed in two or more counterparts, each of which shall be
deemed an original and all of which together shall constitute but one and the same instrument. It shall not be necessary that any single counterpart hereof be executed by all parties so long as at least one counterpart hereof is executed by each of
the parties hereto. 
 6. Governing Law. This Amendment will be governed by and construed in accordance with the laws of the State of
Delaware, without regard to its conflict of law principles. 
 [Signatures Appear on Following Pages] 

 IN WITNESS WHEREOF, the parties hereto have executed or have caused this Amendment to be
executed by a duly authorized officer or Authorized Representative as of the date first above written. 
  

			
	L.M. BERRY AND COMPANY
		
	By:	 	/s/ A. Langley Kitchings
	Name:	 	A. Langley Kitchings
	Title:	 	V.P. – General Counsel and Secretary

 IN WITNESS WHEREOF, the parties hereto have executed or have caused this Amendment to be executed by a
duly authorized officer or Authorized Representative as of the date first above written. 
  

			
	THE BERRY COMPANY LLC
		
	By:	 	/s/ John S. Fischer
	Name:	 	John S. Fischer
	Title:	 	General Counsel and Secretary

 [Signature Page to Amendment No. 4 to Asset Purchase Agreement]Amendment No. 5 to Asset Purchase Agreement

 Exhibit 10.17 
 Execution 
 AMENDMENT NO. 5 
 TO 
 ASSET PURCHASE AGREEMENT 
 THIS AMENDMENT NO. 5 TO ASSET PURCHASE AGREEMENT (this “Amendment”) is
made as of the 15th day of September, 2008 (the “Effective Date”), between L.M. BERRY AND COMPANY, a Georgia corporation
(“Seller”), and THE BERRY COMPANY LLC, a Colorado limited liability company (“Purchaser”), as assignee of Local Insight Regatta Holdings, Inc. and successor to Local Insight Berry Holdings LLC. 
 R E C I T A L S: 
  

	 	A.	Purchaser and Seller are parties to that certain Asset Purchase Agreement dated as of February 1, 2008, as amended by that certain Amendment No. 1 to Asset Purchase
Agreement dated as of April 11, 2008, as further amended by that certain Amendment No. 2 to Asset Purchase Agreement dated as of April 17, 2008, as further amended by that certain Amendment No. 3 to Asset Purchase Agreement dated
as of April 18, 2008, and as further amended by that certain Amendment No. 4 to Asset Purchase Agreement dated as of July 7, 2008 (as so amended, the “Purchase Agreement”). 

  

	 	B.	Seller and Purchaser desire to further amend and modify the Purchase Agreement as set out in this Amendment. 

 NOW, THEREFORE, in consideration of the premises, and the mutual representations, warranties, covenants and agreements hereinafter set forth, the
parties hereto agree as follows: 
 1. Defined Terms. Capitalized terms used in but not defined in this Amendment shall have the
respective meanings ascribed thereto as set forth in the Purchase Agreement. 
 2. Amendment of Section 1.7(c). The reference to
“forty-five (45) calendar days” in the third sentence of Section 1.7(c) of the Purchase Agreement is hereby deleted and replaced with “sixty-four (64) calendar days.” 
 3. Effective Date. This Amendment shall become effective on the Effective Date. 
 4. No Other Amendments. Except as expressly amended and modified herein, the Purchase Agreement shall continue in full force and effect in
accordance with its terms. 
 5. Counterparts. This Amendment may be executed in two or more counterparts, each of which shall be
deemed an original and all of which together shall constitute but one and the same instrument. It shall not be necessary that any single counterpart hereof be executed by all parties so long as at least one counterpart hereof is executed by each of
the parties hereto. 
 6. Governing Law. This Amendment will be governed by and construed in accordance with the laws of the State of
Delaware, without regard to its conflict of law principles. 
 [Signatures Appear on Following Pages] 

 IN WITNESS WHEREOF, the parties hereto have executed or have caused this Amendment to be
executed by a duly authorized officer or Authorized Representative as of the date first above written. 
  

			
	L.M. BERRY AND COMPANY
		
	By:	 	/s/ A. Langley Kitchings
	Name:	 	A. Langley Kitchings
	Title:	 	V.P. – General Counsel and Secretary

 [Signature Page to Amendment No. 5 to Asset Purchase Agreement]

 IN WITNESS WHEREOF, the parties hereto have executed or have caused this Amendment to be executed by a
duly authorized officer or Authorized Representative as of the date first above written. 
  

			
	THE BERRY COMPANY LLC
		
	By:	 	/s/ John S. Fischer
	Name:	 	John S. Fischer
	Title:	 	General Counsel and Secretary

 [Signature Page to Amendment No. 5 to Asset Purchase Agreement]

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