Document:

Stock Option Agreement, dated as of February 17, 2006

 Exhibit 10.2 
  
 WARNER MUSIC GROUP CORP. 
  
 STOCK OPTION AGREEMENT 
  
 THIS STOCK OPTION AGREEMENT (this “Agreement”), is entered into as of this 17th day of February 2006, by and between Warner Music
Group Corp., a Delaware corporation (“Parent”), and Patrick Vien (the “Executive”). Capitalized terms used herein and not otherwise defined shall have the respective meanings set forth in the Warner Music Group
Corp. 2005 Omnibus Award Plan (the “Plan”). 
  
 WHEREAS, Warner Music Inc., a Delaware corporation (the “Company”), an indirect majority owned subsidiary of Parent, or one of Parent’s other direct or indirect subsidiaries, employs the Executive; and

  
 WHEREAS, the Board of Directors of Parent (the
“Board”) has determined that it is in the best interests of Parent and its stockholders to grant to the Executive as of the date hereof (the “Effective Date”) an option to purchase shares of Common Stock of Parent
(“Common Stock”), as provided for herein (the “Stock Option Award”); 
  
 NOW, THEREFORE, for and in consideration of the mutual covenants hereinafter set forth, the parties hereto agree as follows: 
  
 1. Grant. Parent hereby grants to the Executive an option (the
“Option”) to purchase 250,000 shares of Common Stock (such shares of Common Stock, the “Option Shares”), on the terms and conditions set forth in the Plan and this Agreement. This Option is not intended to be
treated as an incentive stock option under Section 422 of the Code. The number and type of Option Shares purchasable hereunder shall be subject to adjustment as and in the manner provided in Section 7 below. 
  
 2. Incorporation by Reference, Etc. Capitalized terms used herein and
not otherwise defined shall have the respective meanings set forth in the Plan. 
  
 3. Option Price. The price at which the Executive shall be entitled to purchase the Option Shares upon the exercise of all or any portion of this Option shall be $20.57 per share. Such exercise price shall be
subject to adjustment as and in the manner provided in Section 7 below. 
  
 4. Expiration Date. Subject to Section 6 hereof, the Option shall expire at the end of the period commencing on the Effective Date and ending at 11:59 p.m. Eastern Time (“ET”) on the day
preceding the tenth anniversary of the Effective Date (the “Option Period”). 
  
 5. Exercisability of the Option. 
  
 (a) General. Except as may otherwise be provided herein, the Option shall become vested and exercisable in four equal installments on the day prior to each of the first, second, third and fourth anniversaries
of the Effective Date provided that the Executive remains employed with the Company on each such date, such that one hundred percent (100%) of the Option shall be vested and exercisable on the day prior to the fourth anniversary of the
Effective Date; provided that the unvested portion of the Option shall become vested and exercisable upon a termination of the Executive’s employment with the Company (A) due to his death or (B) by the Company due to his Disability or
without Cause, or by the Executive for Good Reason, if applicable, in each case on or after a Change in Control or, in the case of a termination by the Company without Cause, in anticipation of a Change in Control (a termination described in the
foregoing proviso being referred to hereinafter as a “CIC Termination”). 
  
 (b) The term “Vested Option,” as used herein, shall mean the portion of the Option on and following the time that the vesting condition set forth in Section 5(a) hereof has been satisfied as to
such portion. The portion of the Option which has not become the Vested Option is hereinafter referred to as the “Unvested Option.” 
  

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 (c) The Option may be exercised only as to the Vested Option, and only by written notice using the
applicable form provided by Parent delivered in person or by mail in accordance with Section 12(a) hereof and accompanied by payment therefor. The purchase price of the Option Shares shall be paid by the Executive to Parent (A) by
certified check or wire transfer (using such wire transfer instructions as are provided by Parent or the Company), (B) by transferring to Parent shares of Common Stock, if and in the manner approved by Parent, (C) by a broker-assisted
“cashless exercise” procedure if and in the manner approved by the Committee, or (D) by any other method approved in writing by the Committee. If requested by Parent, the Executive shall promptly deliver his copy of this Agreement
evidencing the Option to the Secretary of Parent who shall endorse thereon a notation of such exercise and promptly return such Agreement to the Executive. Upon payment of the applicable purchase price and the issuance of the Option Shares in
accordance with the terms and conditions of this Agreement, the Option Shares shall be validly issued, fully paid and nonassessable. 
  
 6. Effect of Termination of Employment on Option. 
  
 (a) For purposes of this Agreement, the Executive’s employment may be terminated (i) by the Company for Cause or by the employee in violation of
any applicable employment agreement (a “6(a)(i) Termination”), (ii) by the Executive other than as a Retirement and without any violation of any applicable employment agreement (a “6(a)(ii) Termination”),
(iii) by the Company without Cause (including on account of Disability), or on account of the Executive’s death (a “6(a)(iii) Termination”) or (iv) by the Executive on account of Retirement (a “6(a)(iv)
Termination”). For purposes of the preceding sentence, “Retirement” shall mean the Executive’s voluntary termination of employment with the Company on or after the age of 62, after no less than 10 years of employment
with the Company. 
  
 (b) The Unvested Option, if any, shall
immediately terminate upon the termination of the Executive’s employment with the Company and its affiliates for any reason. 
  
 (c) The Vested Option shall remain exercisable by the Executive until, as applicable, (i) the date of a 6(a)(i) Termination, (ii) thirty
(30) days following the date of a 6(a)(ii) Termination, (iii) one hundred and twenty (120) days following the date of a 6(a)(iii) Termination and (iv) the last day of the Option Period, in the case of a 6(a)(iv) Termination.

  
 7. Compliance with Legal Requirements. The granting and
exercising of the Option, and any other obligations of the Company under this Agreement shall be subject to all applicable federal and state laws, rules and regulations and to such approvals by any regulatory or governmental agency as may be
required. Parent, in its sole discretion, may postpone the issuance or delivery of Option Shares as Parent may consider appropriate and may require the Executive to make such representations and furnish such information as it may consider
appropriate in connection with the issuance or delivery of Option Shares in compliance with applicable laws, rules and regulations. 
  
 8. Transferability. Except as described in Section 12(k) of the Plan, the Option shall not be transferable by the Executive other than by will
or the laws of descent and distribution, and any such purported transfer shall be void and unenforceable against Parent; provided that the designation of a beneficiary shall not constitute a transfer or encumbrance. 
  
 9. Rights as Stockholder. The Executive shall not be deemed for any
purpose to be the owner of any shares of Common Stock subject to this Option unless, until and to the extent that (A) this Option shall have been exercised pursuant to its terms, (B) Parent shall have issued and delivered to the Executive
the Option Shares, and (C) the Executive’s name shall have been entered as a stockholder of record with respect to such Option Shares on the books of Parent. 
  
 10. Tax Withholding. Prior to the delivery of a certificate or certificates representing the Option Shares, the
Executive must pay in the form of a certified check to Parent or the Company (as designated by Parent) any such 

  

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additional amount as Parent (or the Company) determines that it is required to withhold under applicable federal, state or local tax laws in respect of the
exercise or the transfer of Option Shares; provided that the Committee may, in its sole discretion, allow such withholding obligation to be satisfied by withholding Option Shares otherwise deliverable upon exercise of the Option or by any other
method. 
  
 11. Adjustments for Stock Splits, Stock Dividends,
etc.; Change in Control. Awards shall be subject to adjustment, substitution, or cancellation as determined by the Committee in its sole discretion, as is fully set forth in Section 13 of the Plan. 
  
 12. Miscellaneous. 
  
 (a) Notices. Any notice, consent, request or other communication made
or given in accordance with this Agreement shall be in writing and shall be deemed to have been duly given when actually received or, if mailed, three days after mailing by registered or certified mail, return receipt requested, or one business day
after mailing by a nationally recognized express mail delivery service with instructions for next-day delivery, to those persons listed below at their following respective addresses or at such other address or person’s attention as each may
specify by notice to the others: 
  
 To Parent:

  
 Warner Music Group Corp. 
 75 Rockefeller Plaza 
 New York, New York 10019 
 Attention: General Counsel 
  
 To the Executive: 
  

The most recent address for the Executive in the records of Parent or the Company. The Executive hereby agrees to promptly provide Parent and the
Company with written notice of any change in the Executive’s address for so long as this Agreement remains in effect. 
  
 (b) Severability. The invalidity or unenforceability of any provision of this Agreement shall not affect the validity or enforceability of any
other provision of this Agreement, and each other provision of this Agreement shall be severable and enforceable to the extent permitted by law. 
  
 (c) No Rights to Employment. Nothing contained in this Agreement shall be construed as giving the Executive any right to be retained, in any
position, as an employee, consultant or director of the Company or its affiliates or shall interfere with or restrict in any way the right of the Company or its affiliates, which are hereby expressly reserved, to remove, terminate or discharge the
Executive at any time for any reason whatsoever. 
  
 (d)
Beneficiary. The Executive may file with Parent a written designation of a beneficiary on such form as may be prescribed by Parent and may, from time to time, amend or revoke such designation. If no designated beneficiary survives the
Executive, the executor or administrator of the Executive’s estate shall be deemed to be the Executive’s beneficiary. 
  
 (e) Successors. The terms of this Agreement shall be binding upon and inure to the benefit of Parent and its successors and assigns, and of the
Executive and the beneficiaries, executors, administrators, heirs and successors of the Executive. 
  
 (f) Entire Agreement. This Agreement contains the entire agreement and understanding of the parties hereto with respect to the subject matter
contained herein and supersedes all prior communications, representations and negotiations in respect thereto. No change, modification or waiver of any provision of this Agreement shall be valid unless the same be in writing and signed by the
parties hereto. 
  

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 (g) GOVERNING LAW; CONSENT TO JURISDICTION. THIS AGREEMENT SHALL BE GOVERNED BY AND CONSTRUED IN
ACCORDANCE WITH THE LAWS OF THE STATE OF DELAWARE APPLICABLE TO AGREEMENTS MADE AND TO BE WHOLLY PERFORMED WITHIN THAT STATE. ANY ACTION TO ENFORCE THIS AGREEMENT MUST BE BROUGHT IN A COURT SITUATED IN, AND THE PARTIES HEREBY CONSENT TO THE
JURISDICTION OF, COURTS SITUATED IN NEW YORK COUNTY, NEW YORK. EACH PARTY HEREBY WAIVES THE RIGHTS TO CLAIM THAT ANY SUCH COURT IS AN INCONVENIENT FORUM FOR THE RESOLUTION OF ANY SUCH ACTION. 
  
 (h) JURY TRIAL WAIVER. THE PARTIES EXPRESSLY AND KNOWINGLY WAIVE ANY
RIGHT TO A JURY TRIAL IN THE EVENT ANY ACTION ARISING UNDER OR IN CONNECTION WITH THIS AGREEMENT IS LITIGATED OR HEARD IN ANY COURT. 
  
 (i) Interpretations. The headings of the Sections hereof are provided for convenience only and are not to serve as a basis for interpretation or
construction, and shall not constitute a part, of this Agreement. The term “Company” as used herein with reference to the employment of the Executive or the termination thereof shall refer to the Company, Parent and each of their
direct and indirect subsidiaries. 
  
 (j) Signature in
Counterparts. This Agreement may be signed in counterparts, each of which shall be an original, with the same effect as if the signatures thereto and hereto were upon the same instrument. The parties hereto confirm that any facsimile copy of
another party’s executed counterpart of this Agreement (or its signature page thereof) will be deemed to be an executed original thereof. 
  
 IN WITNESS WHEREOF, the parties hereto have executed this Agreement as of the date first set forth above. 
  

			
	 WARNER MUSIC GROUP CORP.

	
	 /S/    DAVE
JOHNSON

	 By:
	 	 Dave Johnson

	 Title:
	 	 Executive Vice President & General Counsel

  

			
	 EXECUTIVE

	
	 /S/    PATRICK
VIEN

	 NAME:
	 	 Patrick Vien

  

 4Amendment to Employment Agreement

 Exhibit 10.1 
 

 
 April 17, 2006 
 Mr. John R. Sprouls 
 Vivendi Universal Entertainment LLLP 
 1000 Universal Studios Plaza 
 Orlando, Florida 32817 
 Dear Mr.Sprouls: 
 Vivendi Universal Entertainment LLLP (the “Company”) agrees to employ you and
you agree to accept employment upon the terms and conditions set forth in this agreement (the “Agreement”). 
 1. Term. The
term of this Agreement will commence on December 7, 2006 and continue until December 6, 2009 unless extended pursuant to subparagraph (a) below (the “Term”), or unless earlier terminated pursuant to the provisions of
Paragraph 4. 
 (a) Option. The Company will have the following irrevocable option, exercisable at its sole discretion, to extend the
Term, commencing upon the expiration of the preceding Term, upon all the same terms and conditions as during such preceding Term. Such option is exercisable by written notice given not later than sixty (60) days prior to the expiration of the
Term preceding that for which such option is exercised: 
 (i) a period of two (2) years commencing on December 7, 2009 and
continuing until December 6, 2011. 
 You agree and acknowledge that the Company has no obligation to extend the Term or to continue
your employment after expiration of the Term, and you expressly acknowledge that no promises or understandings to the contrary have been made or reached. You also agree and acknowledge that, should the Company choose to continue your employment for
any period of time following the expiration of the Term (including any extensions thereof), your employment with the Company will be “at will;” in other words, during any time following the expiration of the Term, the Company may terminate
your employment at any time, with or without reason and with or without notice, and you may resign at any time, with or without reason and with or without notice. 
 2. Duties. You agree to be employed and perform your exclusive services for the Company or one of its affiliates upon the terms and conditions of this Agreement. You will commence your services hereunder as
Executive Vice President, Human Resources for Universal Parks & Resorts and you will perform the services requested from time to time by the Board of Directors of the Company or a duly authorized officer of the Company (the
“Board”). You will not be required, without your consent, to perform your primary duties under this Agreement in a location other than in Orlando, Florida, except for required travel on the Company’s business. 
 3. Compensation and Related Matters. 
 (a) Base Salary. For all services rendered under this Agreement, commencing December 7, 2006, the Company will pay you base 
  

			
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 salary at an annual rate of Three Hundred Eighty Five Thousand and 00/100 Dollars ($385,000.00), payable in accordance
with the Company’s applicable payroll practices (“Base Salary”). The Base Salary reflected herein may not correspond exactly to the amount received in any given calendar year. Your Base Salary is paid biweekly and is calculated by
dividing Base Salary by 26.08335. Any higher Base Salary paid to you subsequently will be deemed the annual rate for the purposes of this Agreement and will commence on the date determined by the Board. 
 The Company is not obligated to actually utilize your services, and payment as described in Paragraphs 4 (a) and 4 (c) will discharge the
Company’s obligation under this Agreement. 
 (b) Bonus Compensation. You will be eligible to participate at a level appropriate
to your position in the Vivendi Universal Entertainment LLLP (“VUE”) Annual Incentive Plan or any plan adopted in replacement thereof as determined by the Board and in accordance with the plan’s terms and conditions. 
 (c) Long Term Incentive Plan. In accordance with the terms and conditions of the applicable plan and/or program, as well as the specific terms of
the particular grant, you shall be eligible to receive discretionary equity or equity-equivalent grants from time to time, as such grants are offered similarly situated employees (“Discretionary Grants”). You understand that all such
awards, if any, are based on performance and are not guaranteed compensation. In addition, you are eligible to participate at a level appropriate to your position in the Universal Orlando Long-Term Growth Plan (or any plan adopted in replacement
thereof in which you are specifically designated as a participant) as determined by the Universal Orlando Park Advisory Board and in accordance with the plan’s terms and conditions. However, since you are eligible to participate in the
Universal Orlando Long-Term Growth Plan, such participation in Orlando program will be taken into account by General Electric or VUE when determining the extent of your receipt of any Discretionary Grants. 
 (d) Benefits. You will be entitled to participate in the benefit plans generally available to employees of the Company so long as the Company
provides such plans and programs and subject to their terms and conditions, except that you will not participate in any severance plan of the Company. Instead, subject to the requirements of this Paragraph, upon an involuntary termination of
employment, as described in Paragraph 4 (c), you will receive the greater of (i) the amounts payable pursuant to Paragraph 4 (c) or (ii) the standard amounts payable pursuant to the Company severance plan or policy. Specifically, if
the amount described in clause (ii) above is greater than the amount described in clause (i) above, in addition to the amounts payable under Paragraph 4 (c), you will receive, in exchange for a release acceptable to the Company, a lump sum
payment calculated by the Company in its sole discretion equal to the difference between the amounts described in clauses (i) and (ii) of the previous sentence. You will receive this lump sum payment as soon as practical after the release
has been fully executed by you and the Company. 
 (e) Expense Reimbursements/Deductions. During your employment, the Company will
reimburse you for your reasonable and necessary business expenses in accordance with its then prevailing policy for similarly situated employees (which will include appropriate itemization and substantiation of expenses incurred). The Company is
entitled to deduct from monies payable and reimbursable to you by the Company, all sums that you owe the Company or any of its affiliates at any time. 
  

			
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 (f) Withholding. The Company may withhold from any amounts payable under this Agreement such
federal, state or local taxes as will be required to be withheld pursuant to any applicable laws or regulation. 
 4. Compensation Upon
Certain Termination Events. 
 (a) Compensation Payable. Should your employment with the Company terminate, you will be entitled to
the amounts and benefits shown on the following table, subject to Paragraphs 4(b) through 4(e). In the event of such termination, and except for payments noted in this Paragraph 4, the Company will have no further obligations to you under this
Agreement. 
  

							
	 Termination For Cause
	  	 Involuntary Termination
	  	 Disability
	  	 Death

	Payment of (1) any accrued but unpaid Base Salary due you through termination, and (2) other unpaid amounts then due you under Company benefit plans or programs.	  	Same as for termination for Cause except that your Base Salary and benefits (other than benefits provided under (1) any plan qualified under Section 104 (a) of the Internal Revenue Code, (2) any
nonqualified pension plan and (3) any stock or cash incentive based plan) will also continue through the expiration of the Term, provided you meet the requirements in Paragraph 5 and subject to the terms and conditions of each benefit
plan.	  	Same as for termination for Cause except that your Base Salary will continue until the earliest of (1) the 180th day following the start of your disability absence, or (2) your death and will be reduced by other Company-provided disability benefits available to
you.	  	Payment of (1) any accrued but unpaid Base Salary due you through your date of death, and (2) other unpaid amounts then due you under Company benefit plans or programs, except that those
payments will be made to your estate or legal representative, and your death benefits payable due to your death under Company employee benefit plans or programs will also be paid.

 (b) Termination for Cause. The Company may terminate your employment for cause at any time
without advance notice. “Cause” will include, but not be limited to: 
 (i) your material failure to perform your duties or your
material breach of the terms of this Agreement; 
 (ii) your material failure to comply with Company policies, as such policies may be
amended from time to time, including, without limitation, the General Electric Integrity Policies contained in The Spirit and the Letter, a copy of which is enclosed herewith (a copy of 
  

			
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 the Personal Commitment Acknowledgement Form is also attached hereto as Schedule 1 for your signature), the NBC Universal
Policy on Harassment and the Employment Data Protection Standards, copies of which are attached as Schedule 2 to this Agreement; or 
 (iii)
your conviction of a felony or crime of moral turpitude. 
 (c) Involuntary Termination. The Company may terminate your employment
other than for Cause or on account of Disability, as defined in Paragraph 4 (d), in which case you will receive continuation of Base Salary and benefits as specified in Paragraph 4 (a); provided the Company will retain a right to offset against the
amounts payable to you under this Paragraph and will be entitled to reduce the amount of any compensation and benefits payable to you under this Agreement by the amount of compensation and benefits of any kind earned or received by you from any
third party from the date of termination through the end of the payment term pursuant to this Paragraph. You agree that you will have no rights or remedies in the event of your termination without Cause other than those set forth in this Agreement.

 (d) Termination for Disability. The Company may terminate your employment on account of a Disability and the payments required by
Paragraph 4 (a) will be made. You will be deemed to have a “Disability” if you are incapacitated by a physical or mental condition, illness or injury which has prevented you from being able to perform the essential duties of your
position under this Agreement in a satisfactory fashion for all of a consecutive 180-day period. 
 (e) Death. If you die while
employed under this Agreement, the payments required by Paragraph 4 (a) will be made. 
 5. Covenants. 
 (a) Acknowledgement. You acknowledge that you currently possess or will acquire secret, confidential, or proprietary information or trade secrets
concerning the operations, future plans, or business methods of the Company or its affiliates. You agree that the Company would be severely damaged if you misused or disclosed this information. To prevent this harm, you are making the promises set
forth in this Paragraph. You acknowledge that the provisions of this Paragraph are reasonable and necessary to protect the legitimate interests of the Company and that any violation of such provisions would result in irreparable injury to the
Company. In the event of a violation of the provisions in this Paragraph, you further agree that the Company will, in addition to all other remedies available to it, be entitled to seek equitable relief by way of injunction and any other legal or
equitable remedies. 
 (b) Promise Not to Disclose. You will hold in a fiduciary capacity, for the benefit of the Company, all
confidential or proprietary information, knowledge and data of the Company, which you may acquire, learn, obtain or develop during your employment by the Company. Further, you will not, during the Term or any time thereafter, directly or indirectly
use, communicate or divulge for your own benefit or for the benefit of another any such information, knowledge or data other than (i) as required by the Company or (ii) as required by law or as ordered by a court or (iii) with respect
to matters that are generally known to the public. You make the same commitments with respect to the secret, confidential or proprietary information, knowledge and data of affiliates, customers, contractors and others with 
  

			
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 whom the Company has a business relationship or to whom the Company or its affiliates owe a duty of confidentiality. The
information covered by this protection includes, but is not limited to, matters of a business or strategic nature such as information about costs and profits, projections, personnel information, reengineering, records, customer lists, contact
persons, customer data, software, sales data, possible new business ventures and/or expansion plans or matters of a creative nature, including without limitation, matters regarding ideas of a literary, creative, musical or dramatic nature, or
regarding any form of product produced, distributed or acquired by the Company (“Company Information”). Company Information will be considered and kept as the private, proprietary and confidential information of the Company except within
the Company as required to perform services, and may not be divulged (A) without the express written authorization of the Company or (B) unless required by law or ordered by a court or (C) unless the Company Information is generally
known to the public. You further agree that you will neither publicly disclose the terms of this Agreement nor publicly discuss the Company in a manner that tends to portray the Company in an unfavorable light. 
 (c) Promise Not to Engage In Certain Activities. You will not at any time during your employment by the Company or the period of payment pursuant
to Paragraph 4 be or become (i) interested or engaged in any manner, directly or indirectly, either alone or with any person, firm or corporation now existing or hereafter created, in any business which is or may be competitive with the
business of the Company and its affiliates or (ii) directly or indirectly a stockholder or officer, director, agent, consultant or employee of, or in any manner associated with, or aid or abet, or give information or financial assistance to,
any such business. The provisions of this Paragraph will not be deemed to prohibit your purchase or ownership, as a passive investment, of not more than five percent (5%) of the outstanding capital stock of any corporation whose stock is
publicly traded. 
 (d) Promise to Return Property. All records, files, lists, drawings, documents, models, equipment, property,
computer, software or intellectual property relating to the Company’s business in whatever form (including electronic) will be returned to the Company upon the termination of your employment, whether such termination is at your or the
Company’s request. 
 (e) Promise Not to Solicit. You will not during (i) the period of your employment by the Company,
(ii) the period of payment pursuant to Paragraph 4 or (iii) the period ending (1) year after the later of the periods described in the previous clauses (i) or (ii) induce or attempt to induce any employees, consultants,
contractors or representatives of the Company (or those of any of its affiliates) to stop working for, contracting with or representing the Company or any of its affiliates or to work for, contract with or represent any of the Company’s (or its
affiliates’) competitors. 
 (f) Company Ownership. The results and proceeds of your services hereunder, including, without
limitation, any works of authorship resulting from your services during your employment with the Company and/or any of the Company’s affiliates and any works in progress, will be works-made-for hire and the Company will be deemed the sole owner
throughout the universe of any and all rights of whatsoever nature therein, whether or not now or hereafter known, existing, contemplated, recognized or developed, with the right to use the same in perpetuity in any manner the Company determines in
its sole discretion without any further payment to you whatsoever. If, for any reason, any 
  

			
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 of such results and proceeds will not legally be a work-for-hire and/or there are any rights which do not accrue to the
Company under the preceding sentence, then you hereby irrevocably assign and agree to assign any and all of your right, title and interest thereto, including without limitation, any and all copyrights, patents, trade secrets, trademarks and/or other
rights of whatsoever nature therein, whether or not now or hereafter known, existing, contemplated, recognized or developed, to the Company, and the Company will have the right to use the same in perpetuity throughout the universe in any manner the
Company determines without any further payment to you whatsoever. You will, from time to time, as may be requested by the Company, do any and all things which the Company may deem useful or desirable to establish or document the Company’s
exclusive ownership of any and all rights in any such results and proceeds, including, without limitation, the execution or appropriate copyright and/or patent applications or assignments. To the extent you have any rights in the results and
proceeds of your services that cannot be assigned in the manner described above, you unconditionally and irrevocably waive the enforcement of such rights. This Paragraph is subject to and will not be deemed to limit, restrict, or constitute any
waiver by the Company of any rights of ownership to which the Company may be entitled by operation of law by virtue of the Company being your employer. 
 (g) Prior Restrictions. You represent that you are free to enter into this Agreement and are not restricted in any manner from performing under this Agreement by any prior agreement, commitment, or
understanding with any third party. If you have acquired confidential or proprietary information in the course of your prior employment or as a consultant, you will fully comply with any duties not to disclose such information then applicable to you
during the Term. 
 6. Service Unique. You recognize that your services hereunder are of a special, unique, unusual, extraordinary and
intellectual character, giving them a peculiar value, the loss of which the Company cannot be reasonably or adequately compensated for in damages. In the event of a breach of this Agreement by you (particularly, but without limitation, with respect
to the provisions hereof relating to the exclusivity of your services), the Company will, in addition to all other remedies available to it, be entitled to seek equitable relief by way of injunction and any other legal or equitable remedies. This
provision will not be construed as a waiver of the rights which the Company may have for damages under this Agreement or otherwise, and all of the Company’s rights and remedies will be unrestricted. 
 7. Notices. All notices and other communications hereunder will be in writing and will be given by hand delivery to the other party or by
registered or certified mail, return receipt requested, postage prepaid or by overnight mail, addressed as follows: 
 If to Employee:

 At the address indicated on the first page hereof. 
 If to the Company: 
 Vivendi Universal Entertainment LLLP 
 100 Universal City Plaza 
 Universal City,
California 91608 
 Attention: Executive Vice President, Human Resources 
  

			
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 or to such other address as either party will have furnished to the other in writing. Notice and communications will be
effective when actually received by the addressee. 
 8. Assignment/Affiliated Corporations. The Company will have the right to assign
this Agreement to any affiliate or successor of the Company. You acknowledge and agree that all of your covenants and obligations to the Company, as well as the rights of the Company hereunder, will run in favor of and will be enforceable by the
Company, its affiliates and their successors. 
 9. Arbitration of Disputes. 
 (a) Arbitrable Disputes. You and the Company agree to use final and binding arbitration to resolve any dispute each party may have with the other
or any affiliate relating to this Agreement or your employment with and/or termination from the Company (an “Arbitrable Dispute”). An Arbitrable Dispute includes, without limitation, any dispute about the validity, interpretation, or
effect of this Agreement, or alleged violations of it, and further including, without limitation, any and all claims for compensation, breach of implied contract, tort violations and claims arising out of any alleged discrimination, harassment, or
retaliation, including, but not limited to, those covered by the California Fair Employment and Housing Act (or similar state statute), the 1964 Civil Rights Act, 42 U.S.C. Section 2000e et seq., the Age Discrimination in Employment Act,
and the Americans With Disabilities Act. 
 (b) Exclusive Forum. Arbitration in this manner will be the exclusive forum for any
Arbitrable Dispute. THE PARTIES HEREBY WAIVE ANY RIGHTS THEY MAY HAVE TO TRIAL BY JUDGE OR JURY IN REGARD TO AN ARBITRABLE DISPUTE. Should you or the Company attempt to resolve an Arbitrable Dispute by any method other than arbitration pursuant to
this Paragraph (excluding any initial oral or written settlement negotiations by either party), the responding party will be entitled to recover from the initiating party all damages, expenses, and attorneys’ fees incurred as a result of that
breach. 
 (c) Injunctive Relief. Notwithstanding Paragraphs 9 (a) and 9 (b), due to the irreparable harm that would result from
certain actual or threatened violations of this Agreement, where either party is seeking only injunctive relief (e.g., a temporary restraining order, temporary injunction or permanent injunction), such party may file suit or bring an application for
such injunctive relief in any federal or state court of competent jurisdiction without violating this Agreement and such suit for injunctive relief will not be considered an Arbitrable Dispute. 
 (d) The Arbitration. Arbitration will take place in Orlando, Florida before a single experienced employment arbitrator licensed to practice law in
Florida and selected in accordance with the National Rules for the Resolution of Employment Disputes of the American Arbitration Association. The provisions of Section 1283.05 of the California Code of Civil Procedure regarding the taking of
discovery in arbitration proceedings will apply to any such arbitration. In any such arbitration proceeding, any hearing must be transcribed by a certified court reporter. The arbitrator may not modify, change or disregard any lawful terms of this
Agreement in any way or issue an award that is contrary to the law of Florida. At the conclusion of the arbitration, the arbitrator shall issue a written ruling consistent with Florida law setting forth the essential findings of fact and conclusions
of law on which the arbitration award is based. The decision of the arbitrator shall be final and binding and enforceable in any court of competent jurisdiction. 
  

			
	 K04770
	 	Page 7

 (e) Fees and Expenses. Each party will pay the fees of their respective attorneys, the expenses of
their witnesses and experts, cost of any record or transcript of the arbitration, and any other expenses connected with the arbitration that such party might be expected to incur had the dispute been subject to resolution in court. The Company shall
pay all costs and expenses of the arbitration that you would not otherwise have incurred if the dispute had been adjudicated in a court of law, rather than through arbitration; such as the arbitrator’s fees and any arbitration association
administrative fees or filing fees in excess of the maximum court filing fee in the jurisdiction in which the arbitration is commenced. 
 (f) Confidentiality. All proceedings and all documents prepared in connection with any Arbitrable Dispute shall be confidential and, unless otherwise required by law, the subject matter thereof shall not be disclosed to any person
other than the parties to the proceedings, their counsel, witnesses and experts, the arbitrator, and, if involved, the court and court staff. 
 10. Miscellaneous. No provisions of this Agreement may be amended, modified, waived, or discharged except by a written document signed by you and a duly authorized officer of the Company. A waiver of any conditions or provisions of
this Agreement in a given instance will not be deemed a waiver of such conditions or provisions at any other time. The validity, interpretation, construction, and performance of this Agreement will be governed by the laws of the State of Florida
without regard to its conflicts of law principles. This Agreement will be binding upon, and will inure to the benefit of, you and your estate and the Company and any successor thereto, but neither this Agreement nor any rights arising under it may
be assigned or pledged by you. 
 11. Validity. The invalidity or unenforceability of any provisions of this Agreement will not affect
the validity or enforceability of any other provisions of this Agreement, which will remain in full force and effect. 
 12. Counterparts.
This Agreement may be executed in one or more counterparts, each of which will be deemed to be an original, but all of which together will constitute the same instrument. 
 13. Entire Agreement. This Agreement sets forth the entire understanding between you and the Company. All oral or written agreements or
representations express or implied, with respect to the subject matter of this Agreement are set forth in this Agreement. All prior employment agreements, understandings and obligations (whether written, oral, express or implied) between you and the
Company, if any, are terminated as of the commencement date of the Term and are superseded by this Agreement. 
  

			
	Very Truly Yours,
	
	Vivendi Universal Entertainment LLLP
		
	By:	 	  
  

	Name:	 	
	Title:	 	

  

	
	 ACCEPTED AND AGREED:

	
	 /s/ John R. Sprouls
  

	 JOHN R. SPROULS

  

			
		 	Page 8

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