Document:

QuickLinks
 -- Click here to rapidly navigate through this document

 
 

Exhibit 10.13    
  

 
 

SUBSIDIARY GUARANTY    
  

        GUARANTY, dated as of July 18, 2001 (as amended, modified or supplemented from time to time, this "Guaranty"), made by each of the undersigned (each a
"Guarantor" and, together with each other entity that is required to execute a counterpart hereof pursuant to Section 25 hereof, the "Guarantors"). Except as otherwise defined herein, terms
used herein and defined in the Credit Agreement (as defined below) shall be used herein as therein defined. 

 
 

W I T N E S S E T H:    
  

        WHEREAS, Univision Communications Inc. (the "United States Borrower"), Univision of Puerto Rico Inc.
(the "Puerto Rico Borrower", and together with the United States Borrower, the "Borrowers"), various
financial institutions from time to time party thereto (the "Lenders"), The Chase Manhattan Bank, as Administrative Agent (the
"Administrative Agent") and BNP Paribas, as Documentation Agent (the "Documentation Agent") have entered
into a Credit Agreement, dated as of July 18, 2001 (as amended, modified or supplemented from time to time, the "Credit Agreement"), providing
for the making of Loans to the Borrowers as contemplated therein (the Lender, the Administrative Agent and Documentation Agent herein called the "Lender
Creditors"); 

        WHEREAS,
the Borrowers may from time to time enter into one or more (i) interest rate protection agreements (including, without limitation, interest rate swaps, caps, floors,
collars and similar agreements), (ii) foreign exchange contracts, currency swap agreements or other similar agreements or arrangements designed to protect against the fluctuations in currency
values and/or (iii) other types of hedging agreements from time to time (each such agreement or arrangement with an Other Creditor (as hereinafter defined), a "Hedging
Agreement"), with any Lender, any affiliate thereof or a syndicate of financial institutions organized by any such Lender or affiliate of any such Lender or affiliate (even if
any such Lender ceases to be a Lender under the Credit Agreement for any reason) and any such other institution that participates in such Hedging Agreements and their subsequent successors and assigns
collectively, the "Other Creditors", and together with the Lender Creditors, the "Creditors"); 

        WHEREAS,
each Guarantor is a direct or indirect Subsidiary of the United States Borrower; 

        WHEREAS,
it is a requirement under the Credit Agreement that each Guarantor shall have executed and delivered this Guaranty; and 

        WHEREAS,
each Guarantor will obtain benefits from the incurrence of Loans by the Borrowers under the Credit Agreement and the entering into of Hedging Agreements and, accordingly,
desires to execute this Guaranty in order to satisfy the conditions described in the preceding paragraph and to induce the Lenders to maintain and make Loans (and issue Letters of Credit in the case
of the United States Borrower) to the Borrowers and the Other Creditors to maintain and enter into Hedging Agreements with the Borrowers; 

        NOW,
THEREFORE, in consideration of the foregoing and other benefits accruing to each Guarantor, the receipt and sufficiency of which are hereby acknowledged, each Guarantor hereby makes
the following representations and warranties to the Creditors and hereby covenants and agrees with each Creditor as follows: 

        1.    Each
Guarantor, jointly and severally, irrevocably and unconditionally guarantees: (i) to the Lender Creditors the full and prompt payment when due (whether at the
stated maturity, by acceleration or otherwise) of (x) the principal of and interest on any promissory notes issued by, and the Loans made to (and Letters of Credit issued for the account of the
United States Borrower), the Borrowers under the Credit Agreement (and all reimbursement obligations and amounts outstanding with respect to such Letters of Credit) and (y) all other
obligations (including obligations which, but for any automatic stay under Section 362(a) of the Bankruptcy Code, would become due) and liabilities owing by the Borrowers to the Lender
Creditors (including, without limitation, indemnities, Fees and 

interest thereon) now existing or hereafter incurred under, arising out of or in connection with the Credit Agreement or any other Credit Document and the due performance and compliance with the
terms, conditions and agreements contained in the Credit Documents by the Borrowers (all such principal, interest, liabilities and obligations being herein collectively called the
"Credit Agreement Obligations"); and (ii) to each Other Creditor the full and prompt payment when due (whether at the stated maturity, by
acceleration or otherwise) of all obligations (including obligations which, but for any automatic stay under Section 362(a) of the Bankruptcy Code, would become due) and liabilities owing by
the Borrowers to the Other Creditors (including, without limitation, indemnities, fees and interest thereon) under any Hedging Agreements, whether now in existence or hereafter arising, and the due
performance and compliance by each of the Borrowers with all terms, conditions and agreements contained therein (all such obligations and liabilities under this clause (ii) being herein
collectively called the "Other Obligations", and together with the Credit Agreement Obligations are herein collectively called the
"Guaranteed Obligations"). Each Guarantor understands, agrees and confirms that the Creditors may enforce this Guaranty up to the full amount of the
Guaranteed Obligations against each Guarantor without proceeding against any other Guarantor, either Borrower, against any security for the Guaranteed Obligations, or against any other guarantor under
any other guaranty covering all or a portion of the Guaranteed Obligations. This Guaranty shall constitute a guaranty of payment and not of collection. All payments by each Guarantor under this
Guaranty shall be made on the same basis as payments by the Borrowers are made under Sections 2.09, 2.10 and 2.16 of the Credit Agreement. 

        2.    Additionally,
each Guarantor, jointly and severally, unconditionally and irrevocably, guarantees the payment of any and all Guaranteed Obligations of the Borrowers to the
Creditors whether or not due or payable by the Borrowers upon the occurrence in respect of the Borrowers of any of the events specified in Section 7.08 and 7.09 of the Credit Agreement, and
unconditionally and irrevocably, jointly and severally, promises to pay such Guaranteed Obligations to the Creditors, or order, on demand, in lawful money of the United States. 

        3.    The
liability of each Guarantor hereunder is exclusive and independent of any security for or other guaranty of the indebtedness of the Borrowers whether executed by such
Guarantor, any other Guarantor, any other guarantor or by any other party, and the liability of each Guarantor hereunder shall not be affected or impaired by (i) any direction as to application
of payment by the Borrowers or by any other party, (ii) any other continuing or other guaranty, undertaking or maximum liability of a guarantor or of any other party as to the indebtedness of
the Borrowers, (iii) any payment on or in reduction of any such other guaranty or undertaking, (iv) any dissolution, termination or increase, decrease or change in personnel by the
Borrowers, (v) any payment made to any Creditor on the indebtedness which any Creditor repays the Borrowers pursuant to court order in any bankruptcy, reorganization, arrangement, moratorium or
other debtor relief proceeding, and each Guarantor waives any right to the deferral or modification of its obligations hereunder by reason of any such proceeding, (vi) any action or inaction by
the Creditors as contemplated in Section 6 hereof or (vii) any invalidity, irregularity or unenforceability of all or part of the Guaranteed Obligations or of any security therefor. 

        4.    The
obligations of each Guarantor hereunder are independent of the obligations of any other Guarantor, any other guarantor of the Borrowers or the Borrowers, and a
separate action or actions may be brought and prosecuted against each Guarantor whether or not action is brought against any other Guarantor, any other guarantor of the Borrowers or the Borrowers and
whether or not any other Guarantor, any other guarantor of the Borrowers or the Borrowers be joined in any such action or actions. Each Guarantor waives, to the fullest extent permitted by law, the
benefit of any statute of limitations affecting its liability hereunder or the enforcement thereof. Any payment by the Borrowers or other circumstance which operates to toll any statute of limitations
as to the Borrowers shall operate to toll the statute of limitations as to each Guarantor. 

        5.    Each
Guarantor hereby waives (to the fullest extent permitted by applicable law) notice of acceptance of this Guaranty and notice of any liability to which it may apply,
and waives promptness, diligence, presentment, demand of payment, protest, notice of dishonor or nonpayment of any such 

liabilities, suit or taking of other action by the Agents or any other Creditor against, and any other notice to, any party liable thereon (including such Guarantor or any other guarantor of the
Borrowers). 

        6.    Any
Creditor may at any time and from time to time without the consent of, or notice to, any Guarantor, without incurring responsibility to such Guarantor, without
impairing or releasing the
obligations of such Guarantor hereunder, upon or without any terms or conditions and in whole or in part: 

        (i)    change
the manner, place or terms of payment of, and/or change or extend the time of payment of, renew or alter, any of the Guaranteed Obligations, (including any
increase or decrease in the rate of interest thereon), any security therefor, or any liability incurred directly or indirectly in respect thereof, and the guaranty herein made shall apply to the
Guaranteed Obligations as so changed, extended, renewed or altered; 

        (ii)  take
and hold security for the payment of the Guaranteed Obligations and/or sell, exchange, release, surrender, realize upon or otherwise deal with in any manner and in
any order any property by whomsoever at any time pledged or mortgaged to secure, or howsoever securing, the Guaranteed Obligations or any liabilities (including any of those hereunder) incurred
directly or indirectly in respect thereof or hereof, and/or any offset thereagainst; 

        (iii)  exercise
or refrain from exercising any rights against each of the Borrowers, any Guarantor, any other guarantor of the Borrowers or others or otherwise act or refrain
from acting; 

        (iii)  settle
or compromise any of the Guaranteed Obligations, or any liability (including any of those hereunder) incurred directly or indirectly in respect thereof or
hereof, and may subordinate the payment of all or any part thereof to the payment of any liability (whether due or not) of the Borrowers to creditors of the Borrowers; 

        (iv)  apply
any sums by whomsoever paid or howsoever realized to any liability or liabilities of each of the Borrowers to the Creditors regardless of what liabilities of the
Borrowers remain unpaid; 

        (v)  release
or substitute any one or more endorsers, guarantors, Guarantors, the Borrowers or other obligors; 

        (vi)  consent
to or waive any breach of, or any act, omission or default under, the Hedging Agreements, the Credit Documents or any of the instruments or agreements referred
to therein, or otherwise amend, modify or supplement any of the Hedging Agreements, the Credit Documents or any of such other instruments or agreements; and/or 

        (vii) act
or fail to act in any manner referred to in this Guaranty which may deprive such Guarantor of its right to subrogation against the Borrowers to recover full
indemnity for any payments made pursuant to this Guaranty. 

        7.    No
invalidity, irregularity or unenforceability of all or any part of the Guaranteed Obligations or of any security therefor shall affect, impair or be a defense to this
Guaranty, and this Guaranty shall be primary, absolute and unconditional notwithstanding the occurrence of any event or the existence of any other circumstances which might constitute a legal or
equitable discharge of a surety or guarantor except payment in full of the Guaranteed Obligations. 

        8.    This
Guaranty is a continuing one and all liabilities to which it applies or may apply under the terms hereof shall be conclusively presumed to have been created in
reliance hereon. No failure or delay on the part of any Creditor in exercising any right, power or privilege hereunder shall operate as a waiver thereof; nor shall any single or partial exercise of
any right, power or privilege hereunder preclude any other or further exercise thereof or the exercise of any other right, power or privilege. The rights and remedies herein expressly specified are
cumulative and not exclusive of any rights or remedies which any Creditor would otherwise have. No notice to or demand on any Guarantor in any case shall entitle such Guarantor to any other further
notice or demand in similar or other circumstances or constitute a waiver of the rights of any Creditor to any other or further action in any circumstances without notice or demand. It is not
necessary for any Creditor to inquire into the 

capacity or powers of the Borrowers or any of their Subsidiaries or the officers, directors, partners or agents acting or purporting to act on its behalf, and any indebtedness made or created in
reliance upon the professed exercise of such powers shall be guaranteed hereunder. 

        9.    Any
indebtedness of the Borrowers now or hereafter held by any Guarantor is hereby subordinated to the indebtedness of the Borrowers to the Creditors; and such
indebtedness of the Borrowers to any Guarantor, if the Administrative Agent, after an Event of Default has occurred and is continuing, so requests, shall be collected, enforced and received by such
Guarantor as trustee for the Creditors and be paid over to the Creditors on account of the indebtedness of the Borrowers to the Creditors, but without affecting or impairing in any manner the
liability of such Guarantor under the other provisions of this Guaranty. Prior to the transfer by any Guarantor of any note or negotiable instrument evidencing any indebtedness of the Borrowers to
such Guarantor, such Guarantor shall mark such note or negotiable instrument with a legend that the same is subject to this subordination. Without limiting the generality of the foregoing, each
Guarantor hereby agrees with the Creditors that it will not exercise any right of subrogation which it may at any time otherwise have as a result of this Guaranty (whether contractual, under
Section 509 of the Bankruptcy Code or otherwise) until all Guaranteed Obligations have been irrevocably paid in full in cash. 

        10.  (a)
Each Guarantor waives any right (except as shall be required by applicable statute and cannot be waived) to require the Creditors to: (i) proceed against the
Borrowers, any other Guarantor, any other guarantor of the Borrowers or any other party; (ii) proceed against or exhaust any security held from the Borrowers or (iii) pursue any other
remedy in the Creditors' power whatsoever. Each Guarantor waives any defense based on or arising out of any defense of the Borrowers, any other Guarantor, any other guarantor of the Borrowers or any
other party other than payment in full of the Guaranteed Obligations, including, without limitation, any defense based on or arising out of the disability of the Borrowers, any other Guarantor, any
other guarantor of the Borrowers or any other party, or the unenforceability of the Guaranteed Obligations or any part thereof from any cause, or the cessation
from any cause of the liability of the Borrowers other than payment in full of the Guaranteed Obligations. The Creditors may, at their election, foreclose on any security held by the Agents or the
other Creditors by one or more judicial or nonjudicial sales, whether or not every aspect of any such sale is commercially reasonable (to the extent such sale is permitted by applicable law), or
exercise any other right or remedy the Creditors may have against the Borrowers or any other party, without affecting or impairing in any way the liability of any Guarantor hereunder except to the
extent the Guaranteed Obligations have been paid in full. Each Guarantor waives any defense arising out of any such election by the Creditors, even though such election operates to impair or
extinguish any right of reimbursement or subrogation or other right or remedy of such Guarantor against the Borrowers or any other party or any security. 

        (b)  Each
Guarantor waives all presentments, demands for performance, protests and notices, including, without limitation, notices of nonperformance, notices of protest,
notices of dishonor, notices of acceptance of this Guaranty, and notices of the existence, creation or incurring of new or additional indebtedness. Each Guarantor assumes all responsibility for being
and keeping itself informed of the Borrowers' financial condition and assets, and of all other circumstances bearing upon the risk of nonpayment of the Guaranteed Obligations and the nature, scope and
extent of the risks which such Guarantor assumes and incurs hereunder, and agrees that the Creditors shall have no duty to advise any Guarantor of information known to them regarding such
circumstances or risks. 

        11.  The
Creditors agree that this Guaranty may be enforced only by the action of the Administrative Agent acting upon the instructions of the Required Lenders (or, after the
date on which all Credit Document Obligations have been paid in full, the holders of at least a majority of the outstanding Other Obligations) and that no other Creditor shall have any right
individually to seek to enforce or to enforce this Guaranty, it being understood and agreed that such rights and remedies may be exercised by the Administrative Agent or the holders of at least a
majority of the outstanding Other Obligations, as the case may be, for the benefit of the Creditors upon the terms of this Guaranty. The Creditors further agree that this Guaranty may not be enforced
against any director, officer, employee, or stockholder of any Guarantor (except to the extent such stockholder is also a Guarantor hereunder). 

        12.  In
order to induce the Lenders to make Loans pursuant to the Credit Agreement, and in order to induce the Other Creditors to execute, deliver and perform the Hedging
Agreements, each Guarantor represents, warrants and covenants that: 

        (a)  Such
Guarantor (i) is a duly organized and validly existing corporation, limited liability company, limited partnership or general partnership and is in good
standing under the laws of the jurisdiction of its organization, and has the corporate, limited liability company, limited partnership or general partnership power and authority to own its property
and assets and to transact the business in which it is engaged and presently proposes to engage and (ii) is duly qualified and is authorized to do business and is in good standing in all
jurisdictions where it is required to be so qualified except where the failure to be so qualified could reasonably be expected to have a material adverse effect on the
business, operations, property, assets, nature of assets, liabilities, condition (financial or otherwise) or prospects of such Guarantor or of such Guarantor and its Subsidiaries taken as a whole. 

        (b)  Such
Guarantor has the corporate, limited liability company, limited partnership or general partnership power and authority to execute, deliver and carry out the terms
and provisions of this Guaranty and each other Document to which it is a party and has taken all necessary corporate or limited liability company action to authorize the execution, delivery and
performance by it of this Guaranty and each such other Document. Such Guarantor has duly executed and delivered this Guaranty and each other Document to which it is a party, and this Guaranty and each
such other Document constitutes the legal, valid and binding obligation of such Guarantor enforceable in accordance with its terms, except to the extent that the enforceability hereof or thereof may
be limited by applicable bankruptcy, insolvency, reorganization, moratorium or other similar laws affecting creditors' rights generally and equitable principles (regardless of whether such
enforceability is sought in equity or at law). 

        (c)  Neither
the execution, delivery or performance by such Guarantor of this Guaranty or any other Credit Document to which it is a party, nor compliance by it with the
terms and provisions hereof and thereof: (i) will contravene any applicable provision of any law, statute, rule or regulation, or any order, writ, injunction or decree of any court or
governmental instrumentality, (ii) will conflict or be inconsistent with or result in any breach of, any of the terms, covenants, conditions or provisions of, or constitute a default under, or
result in the creation or imposition of (or the obligation to create or impose) any Lien upon any of the property or assets of such Guarantor or any of its Subsidiaries pursuant to the terms of any
indenture, mortgage, deed of trust, credit agreement, loan agreement or any other agreement or other instrument to which such Guarantor or any of its Subsidiaries is a party or by which it or any of
its property or assets is bound or to which it may be subject or (iii) will violate any provision of the certificate of incorporation or by-laws (or equivalent organizational
documents) of such Guarantor or any of its Subsidiaries. 

        (d)  No
order, consent, approval, license, authorization or validation of, or filing, recording or registration with, or exemption by, any foreign or domestic governmental or
public body or authority, or any subdivision thereof, is required to authorize, or is required in connection with, (i) the execution, delivery and performance of this Guaranty or any other
Credit Document to which such Guarantor is a party, or (ii) the legality, validity, binding effect or enforceability of this Guaranty or any other Credit Document to which such Guarantor is a
party. 

        (e)  There
are no actions, suits or proceedings pending or threatened (i) with respect to this Guaranty or any other Credit Document to which such Guarantor is a
party, (ii) with respect to any Indebtedness of such Guarantor or any of its Subsidiaries, (iii) that could reasonably be expected to have a material adverse effect on the performance,
business, operations, property, assets, nature of assets, liabilities, condition (financial or otherwise) or prospects of such Guarantor or of such Guarantor and its Subsidiaries taken as a whole or
(iv) that could reasonably be expected to have a material adverse effect on the rights or remedies of the Creditors or on the 

ability of such Guarantor to perform its respective obligations to the Creditors hereunder and under the other Credit Documents to which it is a party. 

        13.  Each
Guarantor covenants and agrees that on and after the date hereof and until the termination of all the Commitments of all of the Lenders and all Hedging Agreements
and when no promissory note or Letter of Credit remains outstanding and all other Guaranteed Obligations have been paid in full (other than indemnities described in Section 10.03 of the Credit
Agreement which are not then due and payable), such Guarantor shall take, or will refrain from taking, as the case may be, all actions that are necessary to be taken or not taken so that no violation
of any provision, covenant or agreement contained in Article 5 or 6 of the Credit Agreement, and so that no Default or Event of Default, is caused by the actions of such Guarantor or any of its
Subsidiaries. 

        14.  The
Guarantors hereby jointly and severally agree to pay all out-of-pocket costs and expenses of each Creditor in connection with the enforcement
of this Guaranty and the protection of such Creditor's rights hereunder, and in connection with any amendment, waiver or consent relating hereto (including, without limitation, the fees and
disbursements of counsel employed by the Agents or any of the Creditors). 

        15.  This
Guaranty shall be binding upon each Guarantor and its successors and assigns and shall inure to the benefit of the Creditors and their successors and assigns. 

        16.  Neither
this Guaranty nor any provision hereof may be changed, waived, discharged or terminated in any manner whatsoever unless in writing duly signed by the
Administrative Agent (with the consent of (x) the Required Lenders or, to the extent required by Section 10.02 of the Credit Agreement, all of the Lenders, at all times prior to the time
at which all Credit Agreement Obligations have been paid in full, or (y) the holders of at least a majority of the outstanding Other Obligations at all times after the time at which all Credit
Agreement Obligations have been paid in full) and each Guarantor directly affected thereby (it being understood that the addition or release of any Guarantor hereunder shall not constitute a change,
waiver, discharge or termination affecting any Guarantor other than the Guarantor so added or released); provided, that any change, waiver, modification
or variance adversely affecting the rights and benefits of a single class (as defined below) of Creditors (and not all Creditors in a like or similar manner) shall require the written consent of the
Requisite Creditors (as defined below) of such Class. For the purpose of this Guaranty, the term "Class" shall mean each class of Creditors,  i.e., whether
(i) the Lender Creditors as holders of the Credit Agreement Obligations or (ii) the Other Creditors as holders of the Other
Obligations. For the purpose of this Guaranty, the term "Requisite Creditors" of any Class shall mean each of (i) with respect to the Credit Agreement Obligations, the Required Lenders and
(ii) with respect to the Other Obligations, the holders of at least a majority of all obligations outstanding from time to time under the Hedging Agreements. 

        17.  Each
Guarantor acknowledges that an executed (or conformed) copy of each of the Credit Documents and the Hedging Agreements has been made available to its principal
executive officers and such officers are familiar with the contents thereof. 

        18.  In
addition to any rights now or hereafter granted under applicable law (including, without limitation, Section 151 of the New York Debtor and Creditor Law) and
not by way of limitation of any such rights, upon the occurrence and during the continuance of an Event of Default (such term to mean and include any "Event of Default" as defined in the Credit
Agreement or any payment default under any Hedging Agreement and shall in any event, include, without limitation, any payment default on any of the Guaranteed Obligations continuing after any
applicable grace period), each Creditor is hereby authorized at any time or from time to time, without notice to any Guarantor or to any other Person, any such notice being expressly waived, to set
off and to appropriate and apply any and all deposits (general or special) and any other indebtedness at any time held or owing by such Creditor to or for the credit or the account of such Guarantor,
against and on account of the obligations and liabilities of such Guarantor to such Creditor under this Guaranty, irrespective of whether or not such Creditor shall have made any demand hereunder and
although said obligations, liabilities, deposits or claims, or any of them, shall be contingent or unmatured. Each Creditor acknowledges and agrees that 

the provisions of this Section 18 are subject to the sharing provisions set forth in Section 10.13(b) of the Credit Agreement. 

        19.  All
notices, requests, demands or other communications pursuant hereto shall be deemed to have been duly given or made when delivered to the Person to which such notice,
request, demand or other communication is required or permitted to be given or made under this Guaranty, addressed to such party at (i) in the case of any Lender Creditor, as provided in the
Credit Agreement, (ii) in the case of any Guarantor, at its address set forth opposite its signature below and (iii) in the case of any Other Creditor, at such address as such Other
Creditor shall have specified in writing to the Guarantor; or in any case at such other address as any of the Persons listed above may hereafter notify the others in writing. 

        20.  If
claim is ever made upon any Creditor for repayment or recovery of any amount or amounts received in payment or on account of any of the Guaranteed Obligations and any
of the aforesaid payees repays all or part of said amount by reason of (i) any judgment, decree or order of any court or administrative body having jurisdiction over such payee or any of its
property or (ii) any settlement or compromise of any such claim effected by such payee with any such claimant (including either Borrower), then and in such event each Guarantor agrees that any
such judgment, decree, order, settlement or compromise shall be binding upon such Guarantor, notwithstanding any revocation hereof or the cancellation of any promissory note or any Hedging Agreement
or other instrument evidencing any liability of the Borrowers, and such Guarantor shall be and remain liable to the aforesaid payees hereunder for the amount so repaid or recovered to the same extent
as if such amount had never originally been received by any such payee. 

        21.  (A)
THIS GUARANTY AND THE RIGHTS AND OBLIGATIONS OF THE CREDITORS AND OF THE UNDERSIGNED HEREUNDER SHALL BE GOVERNED BY AND CONSTRUED IN ACCORDANCE WITH THE LAW OF THE
STATE OF NEW YORK. 

        (B)  ANY
LEGAL ACTION OR PROCEEDING WITH RESPECT TO THIS GUARANTY OR ANY OTHER CREDIT DOCUMENT TO WHICH ANY GUARANTOR IS A PARTY MAY BE BROUGHT IN THE COURTS OF THE STATE OF
NEW YORK OR OF THE UNITED STATES OF AMERICA FOR THE SOUTHERN DISTRICT OF NEW YORK, AND, BY EXECUTION AND DELIVERY OF THIS GUARANTY, EACH GUARANTOR HEREBY IRREVOCABLY ACCEPTS FOR ITSELF AND IN RESPECT
OF ITS PROPERTY, GENERALLY AND UNCONDITIONALLY, THE JURISDICTION OF THE AFORESAID COURTS WITH RESPECT TO SUCH ACTIONS OR PROCEEDINGS. EACH GUARANTOR FURTHER IRREVOCABLY CONSENTS TO THE SERVICE OF
PROCESS OUT OF ANY OF THE AFOREMENTIONED COURTS IN ANY SUCH ACTION OR PROCEEDING BY THE MAILING OF COPIES THEREOF BY REGISTERED OR CERTIFIED MAIL, POSTAGE PREPAID, TO EACH GUARANTOR AT ITS ADDRESS SET
FORTH OPPOSITE ITS SIGNATURE BELOW, SUCH SERVICE TO BECOME EFFECTIVE 30 DAYS AFTER SUCH MAILING. EACH GUARANTOR HEREBY IRREVOCABLY WAIVES ANY OBJECTION TO SUCH SERVICE OF PROCESS AND FURTHER
IRREVOCABLY WAIVES AND AGREES NOT TO PLEAD OR CLAIM IN ANY ACTION OR PROCEEDING COMMENCED HEREUNDER OR UNDER ANY OTHER CREDIT DOCUMENT TO WHICH SUCH GUARANTOR IS A PARTY THAT SERVICE OF PROCESS WAS IN
ANY WAY INVALID OR INEFFECTIVE. NOTHING HEREIN SHALL AFFECT THE RIGHT OF ANY OF THE CREDITORS TO SERVE PROCESS IN ANY OTHER MANNER PERMITTED BY LAW OR TO COMMENCE LEGAL PROCEEDINGS OR OTHERWISE
PROCEED AGAINST EACH GUARANTOR IN ANY OTHER JURISDICTION. 

        (C)  EACH
GUARANTOR HEREBY IRREVOCABLY WAIVES ANY OBJECTION WHICH IT MAY NOW OR HEREAFTER HAVE TO THE LAYING OF VENUE OF ANY OF THE AFORESAID ACTIONS OR PROCEEDINGS ARISING
OUT OF OR IN CONNECTION WITH THIS GUARANTY OR ANY OTHER CREDIT DOCUMENT BROUGHT IN THE COURTS REFERRED TO IN CLAUSE (B) ABOVE AND HEREBY FURTHER IRREVOCABLY WAIVES AND AGREES NOT TO PLEAD OR
CLAIM IN ANY SUCH COURT THAT SUCH ACTION OR 

PROCEEDING BROUGHT IN ANY SUCH COURT HAS BEEN BROUGHT IN AN INCONVENIENT FORUM. 

        (D)  EACH
GUARANTOR HEREBY IRREVOCABLY WAIVES ALL RIGHTS TO A TRIAL BY JURY IN ANY ACTION, PROCEEDING OR COUNTERCLAIM ARISING OUT OF OR RELATING TO THIS GUARANTY, THE OTHER
CREDIT DOCUMENTS OR THE TRANSACTIONS CONTEMPLATED HEREBY OR THEREBY. 

        (E)  EACH
GUARANTOR WARRANTS AND AGREES THAT EACH OF THE WAIVERS SET FORTH ABOVE IS MADE WITH FULL KNOWLEDGE OF ITS SIGNIFICANCE AND CONSEQUENCES AND THAT IF ANY OF SUCH
WAIVERS ARE DETERMINED TO BE CONTRARY TO ANY APPLICABLE LAW OR PUBLIC POLICY, SUCH WAIVERS SHALL BE EFFECTIVE ONLY TO THE MAXIMUM EXTENT PERMITTED BY LAW. 

        22.  In
the event that all of the capital stock of one or more Guarantors is sold or otherwise disposed of or liquidated in compliance with the requirements of
Section 6.03 of the Credit Agreement (or such sale or other disposition has been approved in writing by the Required Lenders (or all Lenders if required by Section 10.02 of the Credit
Agreement)) and the proceeds of such sale, disposition or liquidation are applied in accordance with the provisions of the Credit Agreement, to the extent applicable, such Guarantor shall be released
from this Guaranty and this Guaranty shall, as to each such Guarantor or Guarantors, terminate, and have no further force or effect (it being understood and agreed that the sale of one or more Persons
that own, directly or indirectly, all of the capital stock of any Guarantor shall be deemed to be a sale of such Guarantor for the purposes of this Section 22). 

        23.  All
payments made by any Guarantor hereunder will be made without setoff, counterclaim or other defense. 

        24.  This
Guaranty may be executed in any number of counterparts and by the different parties hereto on separate counterparts, each of which when so executed and delivered
shall be an original, but all of which shall together constitute one and the same instrument. A set of counterparts executed by all the parties hereto shall be lodged with the United States Borrower
and the Administrative Agent. 

        25.  It
is understood and agreed that any Subsidiary of the United States Borrower that is required to execute a counterpart of this Guaranty pursuant to the Credit Agreement
after the date hereof shall automatically become a Guarantor hereunder by executing a counterpart hereof and delivering the same to the Administrative Agent. 

        26.  It
is the desire and intent of each Guarantor and the Creditors that this Guaranty shall be enforced against each Guarantor to the fullest extent permissible under the
laws and public policies applied in each jurisdiction in which enforcement is sought. If, however, and to the extent that, the obligations of each Guarantor under this Guaranty shall be adjudicated to
be invalid or unenforceable for any reason (including, without limitation, because of any applicable state or federal law relating to fraudulent conveyances or transfers), then the amount of the
Guaranteed Obligations of such Guarantor shall be deemed to be reduced and such Guarantor shall pay the maximum amount of the Guaranteed Obligations which would be permissible under applicable law. 

*
* * 

        IN
WITNESS WHEREOF, each Guarantor has caused this Guaranty to be executed and delivered as of the date first above written. 

	Notice Address for each Subsidiary Guarantor:	 	UNIVISION OF PUERTO RICO INC.
	

Univision Communications Inc.

c/o Chartwell Partners

1999 Avenue of the Stars, Suite 3050

Los Angeles, CA 90067

Attention:    George Blank

Telephone:    (201) 287-4301

Facsimile:    (201) 287-9577

Attention:    Andrew Hobson

Telephone:    (310) 556-7690

Facsimile:    (310) 556-7615

Attention:    C. Douglas Kranwinkle, Esq.

Telephone:    (310) 556-3568

Facsimile:    (310) 556-3568	
 	

By:	
 	

/s/  ROBERT V. CAHILL      
 Name:    Robert V. Cahill

Title:    Executive Vice President
	 	 	PTI HOLDINGS, INC.,

as a Guarantor
	

 	
 	

By:	
 	

/s/   ROBERT V. CAHILL      
 Name: Robert V. Cahill

Title: Vice President and Secretary
	

 	
 	
UNIVISION TELEVISION GROUP, INC.,

as a Guarantor
	

 	
 	

By:	
 	

/s/   ROBERT V. CAHILL      
 Name: Robert V. Cahill

Title: Vice President and Secretary
	

 	
 	
THE UNIVISION NETWORK LIMITED PARTNERSHIP, as a Guarantor
	

 	
 	

By:	
 	
UNIVISION COMMUNICATIONS INC., its General Partner
	

 	
 	

By:	
 	

/s/  ROBERT V. CAHILL      
 Name: Robert V. Cahill

Title: Vice Chairman and Secretary

	

 	
 	
GALAVISION, INC.,

as a Guarantor
	

 	
 	

By:	
 	

/s/  ROBERT V. CAHILL      
 Name: Robert V. Cahill

Title: Vice President and Secretary
	

 	
 	
SUNSHINE ACQUISITION L.P., as a Guarantor
	

 	
 	

By:	
 	
SUNSHINE ACQUISITION CORP., its General Partner
	

 	
 	

By:	
 	

/s/  ROBERT V. CAHILL      
 Name: Robert V. Cahill

Title: Vice President and Secretary
	

 	
 	
SUNSHINE ACQUISITION CORP., as a Guarantor
	

 	
 	

By:	
 	

/s/  ROBERT V. CAHILL      
 Name: Robert V. Cahill

Title: Vice President and Secretary
	

 	
 	
UNIVISION ACQUISITION CORP., as a Guarantor
	

 	
 	

By:	
 	

/s/  ROBERT V. CAHILL      
 Name: Robert V. Cahill

Title: Executive Vice President
	

 	
 	
UNIVISION ONLINE, INC., as a Guarantor
	

 	
 	

By:	
 	

/s/  ROBERT V. CAHILL      
 Name: Robert V. Cahill

Title: Vice President and Secretary

	

 	
 	
UNIVISION—EV HOLDINGS, LLC, as a Guarantor
	

 	
 	

By:	
 	
UNIVISION COMMUNICATIONS INC., its sole Member
	

 	
 	

By:	
 	

/s/  ROBERT V. CAHILL      
 Name: Robert V. Cahill

Title: Vice Chairman and Secretary
	

 	
 	

UNIVISION MUSIC, INC., as a Guarantor
	

 	
 	

By:	
 	

/s/  ROBERT V. CAHILL      
 Name: Robert V. Cahill

Title: Vice President and Secretary
	

 	
 	
UNIVISION OF DALLAS INC., as a Guarantor
	

 	
 	

By:	
 	

/s/   ROBERT V. CAHILL      
 Name: Robert V. Cahill

Title: Executive Vice President
	

 	
 	
UNIVISION OF HOLLYWOOD, FLORIDA INC., as a Guarantor
	

 	
 	

By:	
 	

/s/  ROBERT V. CAHILL      
 Name: Robert V. Cahill

Title: Executive Vice President
	

 	
 	
UNIVISION SPANISH MEDIA INC., as a Guarantor
	

 	
 	

By:	
 	

/s/   ROBERT V. CAHILL      
 Name: Robert V. Cahill

Title: Executive Vice President
	

 	
 	
UNIVISION OF ATLANTA INC., as a Guarantor
	

 	
 	

By:	
 	

/s/  ROBERT V. CAHILL      
 Name: Robert V. Cahill

Title: Executive Vice President

	

 	
 	
UNIVISION PARTNERSHIP OF DALLAS, as a Guarantor
	

 	
 	

By:	
 	
UNIVISION DALLAS LLC, its General Partner
	

 	
 	

By:	
 	
UNIVISION OF DALLAS INC., its sole Member
	

 	
 	

By:	
 	

/s/  ROBERT V. CAHILL      
 Name: Robert V. Cahill

Title: Executive Vice President
	

 	
 	
UNIVISION PARTNERSHIP OF ATLANTA, as a Guarantor
	

 	
 	

By:	
 	
ATLANTA STATION LLC, its General Partner
	

 	
 	

By:	
 	
UNIVISION OF ATLANTA INC., its sole Member
	

 	
 	

By:	
 	

/s/  ROBERT V. CAHILL      
 Name: Robert V. Cahill

Title: Executive Vice President
	

 	
 	

UNIVISION PARTNERSHIP OF HOLLYWOOD, FLORIDA, as a Guarantor
	

 	
 	

By:	
 	
HOLLYWOOD, FLORIDA STATION LLC., its General Partner
	

 	
 	

By:	
 	
Univision of Hollywood, Florida Inc., its sole Member
	

 	
 	

By:	
 	

/s/  ROBERT V. CAHILL      
 Name: Robert V. Cahill

Title: Executive Vice President
	

 	
 	
STATION WORKS, LLC, as a Guarantor
	

 	
 	

By:	
 	
UNIVISION ACQUISITION CORP., its sole Member
	

 	
 	

By:	
 	

/s/   ROBERT V. CAHILL      
 Name: Robert V. Cahill

Title: Executive Vice President

	

 	
 	
KWEX LICENSE PARTNERSHIP, G.P., as a Guarantor
	

 	
 	

By:	
 	

UNIVISION TELEVISION GROUP, INC., its Controlling General Partner
	

 	
 	

By:	
 	

/s/   ROBERT V. CAHILL      
 Name: Robert V. Cahill

Title: Vice President and Secretary
	

 	
 	
KUVN LICENSE PARTNERSHIP, G.P., as a Guarantor
	

 	
 	

By:	
 	
UNIVISION TELEVISION GROUP, INC., its Controlling General Partner
	

 	
 	

By:	
 	

/s/   ROBERT V. CAHILL      
 Name: Robert V. Cahill

Title: Vice President and Secretary
	

 	
 	
KMEX LICENSE PARTNERSHIP, G.P.,, as a Guarantor
	

 	
 	

By:	
 	
UNIVISION TELEVISION GROUP, INC., its Controlling General Partner
	

 	
 	

By:	
 	

/s/   ROBERT V. CAHILL      
 Name: Robert V. Cahill

Title: Vice President and Secretary
	

 	
 	
KDTV LICENSE PARTNERSHIP, G.P., as a Guarantor
	

 	
 	

By:	
 	
UNIVISION TELEVISION GROUP, INC., its Controlling General Partner
	

 	
 	

By: /s/  ROBERT V. CAHILL      
 Name: Robert V. Cahill

Title: Vice President and Secretary

	

 	
 	
KFTV LICENSE PARTNERSHIP, G.P., as a Guarantor
	

 	
 	

By:	
 	
UNIVISION TELEVISION GROUP, INC., its Controlling General Partner
	

 	
 	

By:	
 	

/s/   ROBERT V. CAHILL      
 Name: Robert V. Cahill

Title: Vice President and Secretary
	

 	
 	
KTVW LICENSE PARTNERSHIP, G.P., as a Guarantor
	

 	
 	

By:	
 	
UNIVISION TELEVISION GROUP, INC., its Controlling General Partner
	

 	
 	

By:	
 	

/s/  ROBERT V. CAHILL      
 Name: Robert V. Cahill

Title: Vice President and Secretary
	

 	
 	
KXLN LICENSE PARTNERSHIP, G.P., as a Guarantor
	

 	
 	

By:	
 	
UNIVISION TELEVISION GROUP, INC., its Controlling General Partner
	

 	
 	

By:	
 	

/s/   ROBERT V. CAHILL      
 Name: Robert V. Cahill

Title: Vice President and Secretary
	

 	
 	
WGBO LICENSE PARTNERSHIP, G.P., as a Guarantor
	

 	
 	

By:	
 	
UNIVISION TELEVISION GROUP, INC., its Controlling General Partner
	

 	
 	

By:	
 	

/s/   ROBERT V. CAHILL      
 Name: Robert V. Cahill

Title: Vice President and Secretary

	

 	
 	
WXTV LICENSE PARTNERSHIP, G.P., as a Guarantor
	

 	
 	

By:	
 	
UNIVISION TELEVISION GROUP, INC., its Controlling General Partner
	

 	
 	

By:	
 	

/s/   ROBERT V. CAHILL      
 Name: Robert V. Cahill

Title: Vice President and Secretary
	

 	
 	
WLTV LICENSE PARTNERSHIP, G.P., as a Guarantor
	

 	
 	

By:	
 	
UNIVISION TELEVISION GROUP, INC., its Controlling General Partner
	

 	
 	

By:	
 	

/s/   ROBERT V. CAHILL      
 Name: Robert V. Cahill

Title: Vice President and Secretary
	

 	
 	
KUVS LICENSE PARTNERSHIP, G.P., as a Guarantor
	

 	
 	

By:	
 	
UNIVISION TELEVISION GROUP, INC., its Controlling General Partner
	

 	
 	

By:	
 	

/s/   ROBERT V. CAHILL      
 Name: Robert V. Cahill

Title: Vice President and Secretary
	

 	
 	
KUVI LICENSE PARTNERSHIP, G.P., as a Guarantor
	

 	
 	

By:	
 	
UNIVISION TELEVISION GROUP, INC., its Controlling General Partner
	

 	
 	

By:	
 	

/s/  ROBERT V. CAHILL      
 Name: Robert V. Cahill

Title: Vice President and Secretary

Accepted
and Agreed to: 

THE
CHASE MANHATTAN BANK,

as Administrative Agents for the Lenders 

	

By:	
 	

/s/   TRACEY NAVIN EWING      	
 	

 	
 	

 
	 	 	
 Name: Tracey Navin Ewing

Title: Vice President	 	 	 	 

QuickLinks

Exhibit 10.13

SUBSIDIARY GUARANTY

W I T N E S S E T HQuickLinks
 -- Click here to rapidly navigate through this document

 
 

Exhibit 10.17    
  

 
 

EMPLOYMENT AGREEMENT    
  

        THIS EMPLOYMENT AGREEMENT ("Agreement") is entered into as of January 1, 1996, by and between The Univision Network Limited Partnership, a Delaware limited
partnership ("Company") and Andrew Hobson ("Employee"). 

WITNESSETH:  

        WHEREAS,
Company and Employee desire to set forth the terms and conditions of Employee's employment with Company. 

        NOW,
THEREFORE, in consideration of the mutual promises and covenants contained in this Agreement, the Employee and Company agree as follows: 

        1.    Term. Company agrees to employ Employee and Employee agrees to serve Company in accordance with the provisions hereof for
a term commencing on January 1, 1996, and ending on December 31, 1998, unless earlier terminated in accordance with the terms hereof (the "Term"). 

        2.    Base Salary. On the condition that Employee shall have kept and performed all of his obligations hereunder, Company shall
pay to Employee a base salary (the "Base Salary") at the annualized rate of $450,000 during the first calendar year of the Term, $500,000 during the second calendar year of the Term, and $550,000
during the third calendar year of the Term. Such salary shall be earned weekly, in arrears, and shall be payable no less frequently than monthly, in accordance with Company's customary practices. 

        3.    Bonuses. Company shall review Employee's performance and the result of operations and prospects of Company on an annual
basis. Following such review, Company may, in its sole and absolute discretion, grant Employee a bonus. 

        4.    Specific Position; Duties and Responsibilities. Company and Employee agree that, subject to the provisions of this
Agreement, Company will employ Employee and Employee will serve as Executive Vice President during the Term. Company shall not significantly diminish Employee's duties under this Agreement during the
Term. Employee agrees to observe and comply with Company's rules and regulations as adopted by Company and agrees to carry out and perform orders, directions and policies of Company and its Management
Committee as they may be, from time to time, stated either orally or in writing. Employee shall have such corporate power and authority reasonably required to enable him to discharge his duties in the
office which he holds. 

        5.    Benefits. Employee shall be entitled to all insurance and other benefits which Company may provide during the Term
(provided Employee is eligible to participate therein) for senior management and for employees of Company generally, as are from time to time in effect during the Term (the "Benefits"). Currently, the
Benefits include (i) disability and life insurance (subject to underwriting requirements), (ii) a vehicle allowance as determined by Company from time to time, (iii) reimbursement
for the cost of an annual physical examination by a physician of Employee's choice, and (iv) fifteen business days paid vacation each year. 

        Company
agrees that Employee shall be entitled to the following additional Benefits during the Term: (i) five additional business days of paid vacation each year,
(ii) first class air travel subject to Company's travel and expenses policy, (iii) participation in all of the Company's stock option, equity, incentive, or similar plans that are made
available to other senior executives of the Company on a basis no less favorable to the Employee than the participation offered to other senior executives in similar positions, and (iv) upon
expiration or termination of this Agreement by Company other than for cause, relocation to Los Angeles in a manner consistent with the Company's relocation of Employee to New York. 

 

        6.    Business Expenses. During the Term, to the extent that such expenditures meet the criteria under the Internal Revenue Code
for deductibility by Company (whether or not fully deductible by Company) for federal income tax purposes as reasonable and necessary business expenses and are substantiated by Employee as from time
to time required by the Internal Revenue Service and by policies of Company, Company shall reimburse Employee promptly for all such expenditures made in accordance with rules
and policies established from time to time by Company's Management Committee in pursuance and furtherance of Company's business and goodwill. 

        7.    Place of Employment. The principal place of employment and the location of Employee's principal office shall be in New
York City, New York, or such other place as shall be mutually agreed upon by Employee and Company; provided, however, that Employee shall be expected to engage in temporary, travel as Company may
reasonably request or as may be required for the proper rendition of services hereunder. 

        8.    Standard Terms and Conditions. This Agreement includes the Standard Terms and Conditions attached hereto and by this
reference made a part of this Agreement. In the event of any conflict between the terms of the Standard Terms and Conditions and any express term or condition above provided, the express terms and
conditions above provided shall prevail. The Standard Terms and Conditions are hereby amended as follows: part (ii) of the second paragraph of Paragraph 1 is amended to permit investment
in publicly traded securities of public corporations provided that no such investment shall exceed 5% of any class of such securities of any such corporation; Paragraph 2(c) is amended by
adding "(other than driving while intoxicated)" after the word "felony" on the ninth line; Paragraph 3(b) is amended to provide for a copy of notices to Employee to be sent to Employee at 211
East 48th Street, New York, New York 10017; and Paragraph 3(g)(4) is amended by adding the word "not" after the word "shall" on the fourth from last line, changing the word "Employee" to
"Company" on the third from last line and changing "following" to "prior to" on the second from last line. 

        IN
WITNESS WHEREOF, the parties have executed this Agreement as of the date first above written. 

	 	 	THE UNIVISION NETWORK LIMITED PARTNERSHIP
	

 	
 	

By:	
 	

/s/  ROBERT CAHILL      

	

 	
 	

Its:	
 	

Vice President

	

 	
 	

"EMPLOYEE"
	

 	
 	

/s/  ANDREW HOBSON      
 ANDREW HOBSON

2

 
 
 

STANDARD TERMS AND CONDITIONS    
  

        1.    Exclusivity of Services. So long as this Agreement shall continue in effect, Employee shall render his services solely and
exclusively for Company and shall devote his full business time, energy and ability to the business, affairs and interests of Company and matters related thereto, and shall perform services
contemplated hereby in accordance with Company's policies consistent with Employee's position. Employee agrees to faithfully and diligently promote the business, affairs and interests of Company. 

        Without
the prior express written authorization of Company, Employee shall not, directly or indirectly, during the Term: (a) render services to any other person, firm or
corporation; or (b) directly or indirectly engage in any activity other than the business of Company, whether alone, as a partner, joint venturer or as an officer, director, employee, agent,
consultant or in any other capacity. Company consents to (i) Employee's rendering services for no consideration for any charitable organization provided that rendering such services does not
interfere with performance by Employee of his obligations under this Agreement, and (ii) investments of Employee's personal assets in any business that is not directly or indirectly involved in
any business in which Company, or any affiliate of Company is involved provided that Employee does not render any services in connection with or for any such business. 

        Employee
represents to Company that Employee has no other outstanding commitments inconsistent with any of the terms of this Agreement or service to be rendered hereunder. 

        2.    Termination. The compensation and other benefits provided for in this Agreement, and the employment of Employee by
Company, shall be terminated prior to expiration of the Term only as provided below in this Section 2: 

        (a)  Disability. 

In
the event that Employee shall fail, because of illness, incapacity, disability or injury, to render the services contemplated by this Agreement for one hundred and thirty (130) business days
either consecutively or in the aggregate during the Term, Employee's employment hereunder may be terminated by written notice of termination from Company to Employee. If Company exercises its right to
terminate Employee's services for any such illness, incapacity, disability or injury, Company shall pay to Employee any Base Salary, Benefits and expense reimbursement that has accrued but remains
unpaid at the time of such termination. 

        (b)  Death. 

In
the event of Employee's death during the Term, this Agreement shall terminate. Company shall pay to Employee's estate any Base Salary, Benefits and expense reimbursement accrued but remaining
unpaid at the time of Employee's death. 

        (c)  For Cause. 

Employee's
employment hereunder shall be terminated and all of his rights to receive Base Salary, Benefits and expense reimbursement, whether or not accrued, shall terminate and be forfeited upon a
determination by Company of Employee's failure to perform his services hereunder in any material way; breach of fiduciary duty; Employee's conviction of (or pleading guilty or  nolo contendere in respect
of) a felony or any lesser offense involving dishonesty, moral turpitude or Company's or its affiliates property; or upon
material breach by Employee of any of the provisions of this Agreement. No termination of Employees employment under this Section 2(c) shall limit Company's rights under this Agreement or at
law or in equity. 

3

 

        (d)  Without Cause. 

In
addition to Company's rights pursuant to any other provision of this Section 2, Company shall have the right to terminate Employee's employment with Company at any time for any reason or no
reason with or without notice, but any such termination, other than as expressly provided for in Section 2(a), (b) or (c) above, shall be without prejudice to Employee's rights to
receive Base Salary under this Agreement for the remaining unexpired Term subject to the terms and conditions of Section 2(e) below. The payments provided for in this Section 2(d) shall
be in lieu of all other rights of Employee hereunder and at law or in equity, except that Company shall pay any Benefits and expense reimbursement that have accrued but remain unpaid at the time of
termination under this Section 2(d). 

        (e)  Compliance with Section 3(g) for continued Receipt of Payments. 

In
addition to Company's other remedies at law or in equity, in the event the Employee fails to comply with Section 3(g) below, Company's obligation to make payments under Section 2(d)
shall terminate. Such termination shall in no way limit or replace Company's other rights and remedies at law and in equity. 

        3.    Miscellaneous. 

        (a)  Succession. 

This
Agreement shall inure to the benefit of and shall be binding upon Company, its successors and assigns. The obligations and duties of Employee hereunder shall be personal and not assignable.
Company shall have the right to assign its rights and obligations to any successor or affiliate. 

        (b)  Notices. 

Any
notice provided for in this Agreement shall be in writing and sent if to Company to: 

A.
Jerrold Perenchio

1901 Avenue of the Stars

Los Angeles, California 90067

Fax: (310) 556-3568 

With
copies to: 

Robert
V. Cahill

1901 Avenue of the Stars

Los Angeles, California 90067

Fax: (310) 556-3568 

and 

General
Counsel

Univision

6701 Center Drive West

Los Angeles, California 90045 

or
at such other address as Company may from time to time in writing designate, and if to Employee at such address as Employee may from time to time in writing designate (or Employee's business
address of record in the absence of such designation). All notices shall be deemed to have been given immediately if communicated by telecopy or facsimile transmission and two business days after they
have been deposited, certified mail, return receipt requested, 

4

 

postage paid and properly addressed to the designated address of the party to receive the notice. 

        (c)  Entire Agreement. 

This
instrument contains the entire agreement of the parties relating to the subject matter hereof and it replaces and supersedes any prior agreements, undertakings, commitments and practices relating
to Employee's employment by Company and its affiliates. No amendment or modification of the terms of this Agreement shall be valid unless made in writing and signed by Employee and Company. 

        (d)  Waiver. 

No
failure on the part of any party to exercise or delay in exercising any right hereunder shall be deemed a waiver thereof or of any other right, nor shall,any single or partial exercise preclude any
further or other exercise of such or any other right. 

        (e)  Choice of Law. 

To
the extent permitted by applicable law, this Agreement shall be construed in accordance with the laws of the State of New York applicable to contracts made and to be performed there. 

        (f)    Renewal. 

Company
agrees to give Employee written notice six (6) months prior to completion of the Term advising Employee whether or not Company will seek to negotiate the terms and conditions for an
extension of the Term of Employee's employment. If Company gives Employee such notice advising Employee that Company will not seek to negotiate an extension of the Term of Employee's employment, or if
Company gives Employee such notice seeking to negotiate an extension of the Term of Employee's employment and Company and Employee do not agree on the terms and conditions for an extended Term of
Employee's employment, this Agreement shall expire at the end of the Term and Company and Employee shall have no further obligations under this Agreement following the expiration of the Term except to
the extent specifically provided in this Agreement. If Company gives such notice to Employee less than six (6) months prior to the end of the Term or fails to give such notice and if Company
and Employee do not negotiate an extension of the Term of Employee's employment, this Agreement shall expire at the end of the Term and Company and Employee shall have no further obligations under
this Agreement following expiration of the Term except as specifically provided in this Agreement and except that Company shall continue to pay Employee's current Base Salary provided for in
Section 2 of the main body of this Agreement after expiration of the Term for the unexpired portion of the six (6) month period that commenced with the giving of such notice, or for a
period of six (6) months from and after the end of the Term if Company fails to give such notice. The election to seek an extension of the Term of Employee's employment shall be at the sole and
absolute discretion of Company. No renewal or extension of this Agreement shall result in any subsequent renewal or extension of this Agreement unless such subsequent renewal or extension is by
written agreement between Company and Employee. 

        (g)  Confidentiality/Trade Secrets/Competitive Activities/Proprietary Rights. 

        (1)  Confidentiality 

        Employee
agrees not to make use of, divulge or otherwise disclose, directly or indirectly any trade secret or other confidential information concerning the business or policies of
Company or any of its
affiliates of which Employee may learn as a result of Employee's employment during the term of this Agreement or prior thereto as stockholder, employee, 

5

 

officer or director of or consultant to Company or its predecessors, except to the extent such use or disclosure is (i) necessary to the performance of this Agreement and in furtherance of
Company's best interests, (ii) required by applicable law, (iii) lawfully obtainable from other sources, or (iv) authorized by Company. The provisions of this subsection shall
survive the expiration, suspension or termination, for any reason, of this Agreement. 

        (2)  Trade
Secrets 

        Employee,
prior to and during the Term, has had and will have access to and become acquainted with various trade secrets, consisting of plans, agreements, devices, processes, customer
lists, contracts, and compilations of information which are owned by Company or by its affiliates and regularly used in the operation of their respective businesses and which may give Company an
opportunity to obtain an advantage over competitors, who do not know or use such trade secrets. Employee agrees and acknowledges that Employee has been granted access to these valuable trade secrets
only by virtue of the confidential relationship created by his employment by Company and Employee's prior interest in and fiduciary relationships to Company. Employee shall not disclose any of these
trade secrets, directly or indirectly, or use them in any way, either during the Term or at any time thereafter, except as required in the course of his employment by Company or for its benefit. 

        All
records, files, documents, drawings, specifications, software, equipment, and similar items relating to the business of Company or its affiliates, including without limitation all
records relating to performances and/or customers (the "Documents"), whether prepared by officer or otherwise coming into Employee's possession, shall remain the exclusive property of Company or such
affiliates and shall not be removed from the premises of Company or its affiliates under any circumstances whatsoever. Upon termination of employment, Employee agrees to promptly deliver to Company
all Documents in the possession or under the control of Employee. 

        (3)  Competitive
Activities 

        Employee
promises and agrees that if Employee's employment under this Agreement is terminated prior to the expiration of the Term, Employee shall not during the remainder of the
unexpired Term (the "Cooling-Off Period"), (A) directly or indirectly engage in any activity competitive with or adverse to Company's Spanish language broadcasting and cable
business in the United States and Puerto Rico (whether alone, as a partner, joint venturer, officer, director, emp loyee, consultant or investor of any other entity), including but not limited to any
activity that is competitive with or adverse to such business that involves (x) representing, as talent agent or otherwise, any performer or celebrity, (y) the production in the United
States of Spanish language advertising, news or programming of any kind or the distribution or transmission in or to the United States of any such advertising, news or programming wherever produced,
or (z) the advertising, marketing, telemarketing or sale in any
Spanish-language format of any product, institution or service and (B) influence or attempt to influence 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. Employee further promises and agrees that during the
Cooling-Off Period he shall not (other than in the performance of his duties under this Agreement) join or participate with any person who is, or hereafter at any time becomes, employed as
an officer, performer or independent contractor by Company or any of its affiliates in the conduct of any business, corporation, partnership, firm or enterprise competing with the business of the
Company or any of its affiliates. 

6

 

        (4)  Proprietary
Rights 

        Employee
acknowledges and agrees that he is the Company's employee for hire. In this regard, all right, title and interest of every kind and nature whatsoever, whether now known or
unknown, in and to any property (intellectual or otherwise), including without limitation any inventions, patents, trademarks, copyrights, films, scripts, ideas, writings and discoveries, invented,
created, written, developed, furnished, produced, disclosed or acquired by Employee, alone or in collaboration with others, during officer's employment by Company or within the one (1) year
period thereafter (qualified by the last sentence of this paragraph), which relates to or may be useful in connection with the actual business or activities of Company, shall be and remain, as between
Employee and Company, the sole and exclusive property of Company for any and all purposes and uses whatsoever (including any of Employee's right, title and interest in and to any domestic or foreign
applications for patent or trademark, as well as any divisions, continuations, reissues, revivals, renewals or extensions thereof), and to the extent protectible under copyright law, shall be deemed
for such purposes as works made for hire for Company. Employee further agrees that, at Company's request, whether during or subsequent to employment by the Company, that Employee shall do any and all
acts, and execute and deliver to Company (in form satisfactory to the Company) such instruments or documents, as may be deemed by Company as necessary or desirable to evidence, effectuate, secure,
maintain, or establish the terms of this agreement or Company's ownership of any of the foregoing, all without charge; but notwithstanding that no such instruments or documents are executed, Company,
as Employee's employer, shall be deemed the owner thereof immediately upon the discovery, invention, creation, etc. thereof. Any invention, patent, trademark or other property relating to Company's
actual or contemplated business or activities, that is discovered, invented, created, etc. by officer, alone or in collaboration with others, within one (1) year after the termination of
Employee's employment by Company for any reason, shall be deemed to be within the provisions of this paragraph, unless Employee can prove that the same was conceived and made following said
termination. 

        (h)  Severability. 

If
this Agreement shall for any reason be or become unenforceable in any material respect by any party, this Agreement shall thereupon terminate and become unenforceable by the other party as well. In
all other respects, if any provision of this Agreement is held invalid or unenforceable, the remainder
of this Agreement shall nevertheless remain in full force and effect, and if any provision is held invalid or unenforceable with respect to particular circumstances, it shall nevertheless remain in
full force and effect in all other circumstances, to the fullest extent permitted by law. Further, in the event that any portion of the second paragraph of Section 2 or any portion of
Section 3(g) of these Standard Terms and Conditions is more restrictive than permitted by applicable law, such provisions shall be deemed and construed as limited to the extent, but only to the
minimum extent, necessary to permit their enforcement under such law. In particular, the parties acknowledge that the duration and geographic scope of such provisions may be so limited to permit the
greatest possible enforcement thereof. 

        (i)    Withholding. 

All
compensation payable hereunder shall be subject to applicable taxes, withholding, premium charges, co-payment of benefits, self-insured retentions and other normal employee
deductions. 

        (j)    Remedies. 

7

 

Each
of the parties to this Agreement will be entitled to enforce its rights under this Agreement specifically, to recover damages by reason of any breach of any provision of this Agreement and to
exercise all other rights existing in its favor. The parties hereto agree and acknowledge that money damages may not be an adequate remedy for certain breaches of the provisions of this Agreement and
that any party may in its sole discretion apply to any court of law or equity or competent jurisdiction for specific performance and/or injunctive relief in order to enforce or prevent any violations
of the provisions of this Agreement. Such specific performance and/or injunctive relief shall be available without the posting of any bond or other security. In this connection, the parties agree that
the services to be rendered by Employee hereunder are of a special, unique and extraordinary nature, which gives them a peculiar value and that a breach by Employee will cause Company great and
irreparable injury and harm. Except when a party is seeking an injunction or specific performance hereunder, the parties agree they shall submit any controversy or claim arising out of or relating to
this Agreement, its enforcement or interpretation, or because of an alleged breach, default, or misrepresentation in connection with any of its provisions, or arising out of or relating in any way to
the employment of Employee or the termination thereof to binding arbitration. In the event the parties shall fail to agree upon terms of arbitration within twenty (20) days from the first
written demand for arbitration, then such disputed matter shall be settled by arbitration under the Rules of the American Arbitration Association, by a single arbitrator appointed in accordance with
such Rules. Such arbitration shall be held in New York City. Once a matter has been submitted to arbitration pursuant to this section, the decision of the arbitrator reached and promulgated as a
result thereof shall be final and binding upon all parties and each party shall pay the expenses of such party's attorneys, except that the arbitrator shall be entitled to award the costs of
arbitration, attorneys' and accountants' fees, as well as costs, to the party that the arbitrator determines to be the prevailing party in any such arbitration. The Company shall pay Employee's
reasonable travel expenses in connection with any arbitration and preparation therefor. In reaching a decision the arbitrator shall have no authority to ignore, change,
modify, add to or delete from any provision of this Agreement, but instead is limited solely to interpreting this Agreement in accordance with the laws of New York. 

8

QuickLinks

Exhibit 10.17

EMPLOYMENT AGREEMENT

STANDARD TERMS AND CONDITIONS

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00036-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00036-of-00352.parquet"}]]