Document:

Employment Letter

 Exhibit 10.2 

 

 

 7 April 2010 

John T. Stanley 
 610 Graisbury Avenue

 Haddonfield, NJ 08033 
 Dear John,

 We are pleased to present the following offer of employment. This letter will summarize and confirm the details of our offer to you of
employment by Lighting Science Group Corporation (the “Company”). 
 Start Date. Your employment by the Company
will commence on 11 April 2010. 
 Position, Responsibilities & Duties. Your initial title will be Senior
Vice President, Global Supply Chain. You will initially report to Zach Gibler, Chief Executive Officer. Your responsibilities and duties will be as the Chief Executive Officer of the Company may specify. Initially, those duties and responsibilities
shall comprise supply chain and manufacturing operations. You are expected to devote your full time professional efforts to the fulfillment of your responsibilities and duties. 

Base Compensation. Your annual salary will be two hundred thousand United States dollars (US$200,000.00), less standard payroll
deductions and all required withholdings, paid in accordance with the Company’s payroll policies. 
 Performance
Bonus. You will be eligible to participate in the Company’s performance bonus plan(s) up to forty percent (40%) of your base salary, based on a combination of Company performance and personal achievements as determined by your manager.

 Long Term Incentive Plan. You will be eligible to participate in the Company’s long term incentive plans for
executives. 
 Initial Stock Option Grants. As part of the Company’s long term incentive plan, subject to the
approval of the Board of Directors, you will be issued two hundred thousand (200,000) stock options at an expected exercise price of US$1.00 that will vest over time subject to the Lighting Science Group Corporation Amended And Restated
Equity-Based Compensation Plan Nonqualified Stock Option Agreement. 
 Benefits. The Company currently offers a suite of
benefits for you and your qualified dependents including medical, dental, vision and life insurance options. Additionally, you are eligible for paid sick time off and paid holidays. You will initially be eligible for fifteen (15) days of paid
vacation per 
  

 

 

 
year of employment and you will accrue an additional five (5) days of vacation for each year of employment, up to a maximum of thirty (30) days of paid vacation per year and otherwise
subject to the Company’s vacation policies. Additional details regarding benefits will be provided by the Company’s human resources department in due course. Benefits shall cease immediately upon the termination of your employment by the
Company except as provided by law or as the Company’s policies may allow. 
 Relocation. If the Company requires you
to relocate to reside closer to the Company’s offices and/or manufacturing facility, the Company will reimburse you or cover in advance the reasonable cost of such relocation, subject to later agreement and approval by the Chief Executive
Officer of the Company in advance of such relocation. 
 Required Documentation. To comply with the government-mandated
confirmation of employment eligibility, you will be required to complete an I-9 Employment Eligibility Verification form. Please send the required completed I-9 document to Bruce Krangel on or before your first day of employment by the Company.

 At Will Employment. Please understand the Company is an employment-at-will company. This means that you or the Company
may terminate your employment at any time, for any reason or for no reason, with or without notice. Accordingly, this letter is not a contract or commitment for continued employment. The Company also reserves the right to amend its benefits, plans
or programs at any time. 
 Change Of Control. If your employment by the Company is terminated by the Company due to a
change of control of the Company or within three (3) months of a change in control by a successor of the Company, you will be entitled to a severance payment equal to one (1) year of your base pay, paid out, at the discretion of the
Company or its successor, in a lump sum within thirty (30) days of termination or paid out in equal installments over one (1) year. The severance payment will be conditional upon your first executing (and not revoking) a valid waiver and
release of all claims that you may have against the Company and/or its successor. 
 Severance. If your employment by the
Company is terminated for “Cause,” you will not be entitled to severance pay. If your employment by the Company is terminated for other than Cause or a change in control, you will be entitled to severance payment equal to six
(6) months of your base pay, paid out, at the discretion of the Company or its successor, in a lump sum within thirty (30) days of termination or paid out in equal installments over six (6) months. The severance payment will be
conditional upon your first executing (and not revoking) a valid waiver and release of all claims that you may have against the Company. 

“Cause” means your: (a) misrepresentation of your education or work experience or any matter upon which the Company
relied in considering and offering you employment; (b)willful breach of your employment obligations , which, if curable, you fail to cure within (30) days after receipt of a written notice of such breach; (c) gross negligence or
recklessness in the performance or intentional non-performance of your material duties to the Company; (d) commission of a felony or a crime of moral turpitude; (e) commission of a material act of deceit, fraud, perjury or embezzlement
that involves or directly or indirectly causes harm to the Company or any of its affiliates; or (f) repeatedly (i.e., on more than one occasion) being under the influence of drugs or alcohol (other than over-the-counter or prescription medicine
or other medically-related drugs to the extent they are taken in accordance with their directions or under the supervision of a physician) during the performance of your duties for the Company, or, while under the influence of such drugs or alcohol,
engaging in grossly inappropriate conduct during the performance of your duties for the Company. 
  

 Page 2 of 3 

 Additional Terms & Conditions Of Employment. The Company requires its
employees to sign and comply with additional terms and conditions of employment concerning confidentiality, assignment of inventions and works of authorship, non-competition, and non-recruitment (the “Employment Terms &
Conditions”). The additional terms and conditions of employment will be presented to you for your review, consideration and signature in due course and must be signed by within ten (10) days of receipt by you. As an inducement for you to
accept the offer contained in this letter, the Company hereby waives and retracts the non-solicitation provision of the Employment Terms & Conditions. 

If you wish to accept employment under the terms described above, please sign and date a copy of this letter and return the signed and dated copy to John
Mitchell at your earliest opportunity. 
 By signing this letter, you acknowledge that this offer letter supersedes any other offer, agreement,
or promises made to you by anyone, whether oral or written, specifically concerning the offer of employment by the Company, and with the exception of the determination of the number of shares and options as noted above, this letter comprises the
complete agreement between you and the Company concerning the offer of employment by the Company. 
 If you have any questions regarding this
offer, please do not hesitate to contact me or John Mitchell. Bruce Krangel, the Company’s Director of Human Resources can answer any questions you may have about the Company’s benefits. 

I look forward to your favorable reply and to a productive and enjoyable work relationship. 

 

					
	 Sincerely,
	 		 	Agreed & Accepted:
			
	 /s/ Zachary S. Gibler
	 		 	 /s/ John T. Stanley

	 Zachary S. Gibler
	 		 	John T. Stanley
	 Chief Executive Officer
	 		 	
		 		 	Date: April 8, 2010

 CC: Bruce Krangel 

 

 Page 3 of 3Form of Stock Appreciation Rights Agreement under the Incentive Plan

 Exhibit 10.2 

[Series     ] 

LIBERTY GLOBAL, INC. 

2005 INCENTIVE PLAN 

STOCK APPRECIATION RIGHTS AGREEMENT 

THIS STOCK APPRECIATION RIGHTS AGREEMENT (“Agreement”) is made as of
            , 20     (the “Grant Date”), by and between LIBERTY GLOBAL, INC., a Delaware corporation (the “Company”), and the
individual whose name, address and employee number appear on the signature page hereto (the “Grantee”). 
 The Company
has adopted the Liberty Global, Inc. 2005 Incentive Plan, as amended and restated (the “Plan”), which by this reference is made a part hereof, for the benefit of eligible employees of, and independent contractors providing services to, the
Company and its Subsidiaries. Capitalized terms used and not otherwise defined herein will have the meaning given thereto in the Plan. [CLICK HERE TO READ THE PLAN.] 

Pursuant to the Plan, the Compensation Committee (the “Committee”) appointed by the Board pursuant to Section 3.1 of the
Plan to administer the Plan has determined that it would be in the interest of the Company and its stockholders to award a stock appreciation right to Grantee, subject to the conditions and restrictions set forth herein and in the Plan, in order to
provide the Grantee additional remuneration for services rendered, to encourage the Grantee to continue to provide services to the Company or its Subsidiaries and to increase the Grantee’s personal interest in the continued success and progress
of the Company. 
 The Company and the Grantee therefore agree as follows: 

1. Definitions. The following terms, when used in this Agreement, have the following meanings: 

“Base Price” means $             per
LBTY     share. 
 “Business Day” means any day other than Saturday, Sunday or a day on
which banking institutions in Denver, Colorado, are required or authorized to be closed. 
 “Cause” has the meaning
specified for “cause” in Section 11.2(b) of the Plan. 
 “Close of Business” means, on any day, 5:00
p.m., Denver, Colorado time. 
 “Code” means the Internal Revenue Code of 1986, as it may be amended from time to
time. 
 “Committee” has the meaning specified in the recitals to this Agreement. 

“Company” has the meaning specified in the preamble to this Agreement. 

 “Corresponding Day” means with respect to each month, the day
of that month that is the same day of the month as the Grant Date; provided that, for any month for which there is not a day corresponding to the Grant Date, then the Corresponding Day shall be the last day of such month. By way of example, if the
Grant Date was the 31st of December, the Corresponding Day
in June would be the 30th. 

“Good Reason” for a Grantee to terminate his or her service with the Company and its Subsidiaries means that any of the
following occurs without the consent of such Grantee prior to the 12 month anniversary of an Approved Transaction: 
 (i) any
material diminution in the Grantee’s base compensation; 
 (ii) the material diminution of the Grantee’s official
position or authority, but excluding isolated or inadvertent action not taken in bad faith that is remedied promptly after notice; or 

(iii) the Company requires the Grantee to relocate his/her principal business office to a different country. 

“Grant Date” has the meaning specified in the preamble to this Agreement. 

“Grantee” has the meaning specified in the preamble to this Agreement. 

“LBTY    ” means the Series      common stock, par value $.01 per share,
of the Company. 
 “Plan” has the meaning specified in the recitals of this Agreement. 

“Required Withholding Amount” has the meaning specified in Section 5 of this Agreement. 

“SAR” has the meaning specified in Section 2 of this Agreement. 

“Special Termination Period” has the meaning specified in Section 7(d) of this Agreement. 

“Term” has the meaning specified in Section 2 of this Agreement. 

“Termination of Service” means the Grantee’s provision of services to the Company and its Subsidiaries as an officer,
employee or independent contractor, terminates for any reason. 
 “Third Party Administrator” means the company that
has been selected by the Company to maintain the database of the Plan and to provide related services, including but not limited to equity grant information, transaction processing and grantee interface. 

“Year of Continuous Service” has the meaning specified in Section 7(d) of this Agreement. 

 

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 2. Grant of Stock Appreciation Right. Subject to the terms and conditions herein,
pursuant to the Plan, the Company grants to the Grantee a Free-Standing SAR with respect to the number of shares of LBTY     set forth on the signature page hereto (each a “SAR” and collectively the
“SARs”). Upon exercise of a SAR in accordance with this Agreement, the Company will, subject to Section 5 below, pay to the Grantee consideration equal to the amount, if any, by which the Fair Market Value of a share of
LBTY     as of the date on which such exercise is considered to occur pursuant to Section 4 exceeds the Base Price of such SAR. The SARs, to the extent they have become exercisable in accordance with Section 3,
will be exercisable during the period commencing on the Grant Date and expiring at the Close of Business on             , 20     (the “Term”),
subject to earlier termination as provided in Section 7. The Base Price and number of SARs are subject to adjustment pursuant to Section 11. 

3. Conditions of Exercise. 

(a) Unless otherwise determined by the Committee in its sole discretion, the SARs will be exercisable only in accordance with the
conditions stated herein. 
 (i) Except as otherwise provided in Section 11.1(b) of the Plan, in the last sentence of this
Section 3(a)(i) or in Section 3(b), the SARs will not be exercisable until six months from the Grant Date and may be exercised thereafter only to the extent they have become exercisable in accordance with the following schedule:

  

	 	(A)	On the Corresponding Day in the sixth month following the Grant Date, 12.5% of the SARs will be exercisable; 

 

	 	(B)	On the Corresponding Day in the ninth month following the Grant Date and on the Corresponding Day in each third month thereafter, an additional 6.25% of the SARs will
become exercisable; and 

  

	 	(C)	On and after the Corresponding Day in the forty-eighth (48) month following the Grant Date, 100% of the SARs will be exercisable. 

[Please refer to the website of the Third Party Administrator for the specific vesting schedule related to the exercisability of the SAR (click on the
specific grant under the tab labeled “Grants/Award/Units”).] 
 Notwithstanding the foregoing, (x) all SARs will become
exercisable on the date of Termination of Service if the Termination of Service occurs by reason of Grantee’s death or Disability, and (y) if the Termination of Service is by the Company or a Subsidiary without Cause (as determined in the
sole discretion of the Committee) more than six months after the Grant Date, the Grantee will be entitled to exercise all SARs that had previously become exercisable, plus the product of (A) one-third (1/3) of the additional number of SARs
that would have become exercisable on the next following vesting date in accordance with the above schedule, times (B) the number of full months of employment completed since the most recent date of vesting in accordance with the foregoing
schedule. 
  

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 (ii) To the extent the SARs become exercisable, all or any of such SARs may be exercised
(at any time or from time to time, except as otherwise provided herein) until expiration of the Term or earlier termination thereof. 

(iii) The Grantee acknowledges and agrees that the Committee, in its discretion and as contemplated by Section 3.3 of the Plan, may
adopt rules and regulations from time to time after the date hereof with respect to the exercise of the SARs and that the exercise by the Grantee of SARs will be subject to the further condition that such exercise is made in accordance with all such
rules and regulations as the Committee may determine are applicable thereto. 
 (b) Notwithstanding anything to the contrary
contained herein, if Termination of Service occurs (x) by the Company or a Subsidiary without Cause or (y) by the Grantee for Good Reason, in each case, on or prior to (A) the 12 month anniversary of an Approved Transaction or
(B) with respect to clause (y) of this Section 3(b) only, the later of such 12 month anniversary or the first day following the expiration of the cure period described below, then all SARs will become exercisable on the date of
Termination of Service. For Grantee’s Termination of Service to qualify as for Good Reason, the Grantee must notify the Committee in writing within 30 days of the occurrence of the event giving rise to the Good Reason, and the Company must not
have taken corrective action within 30 days after such notice is given so that the Good Reason for Termination of Service ceases to exist. 

4. Manner of Exercise. The SARs will be considered exercised (as to the number of SARs specified in the notice referred to in
Section 4(a) below) on the latest of (i) the date of exercise designated in the written notice referred to in Section 4(a) below, (ii) if the date so designated is not a Business Day, the first Business Day following such date or
(iii) the earliest Business Day by which the following have occurred: 
 (a) The Grantee has either (i) notified the
Third Party Administrator through its website or by telephone (see Section 12) of the exercise, or (ii) submitted to the Company a properly executed written notice of exercise in such form as the Committee may require containing such
representations and warranties as the Committee may require and designating, among other things, the date of exercise and the number of SARs to be exercised; and 

(b) The Company has received such other documentation, if any, that the Committee may reasonably require. 

5. Mandatory Withholding for Taxes. The Grantee acknowledges and agrees that the Company will deduct from the cash or shares of
LBTY     otherwise payable or deliverable upon exercise of any SARs, an amount of cash, a number of shares of LBTY     (valued at their Fair Market Value on the date of exercise) or a combination
of the foregoing that is equal to the amount, if any, of all national, state and local taxes required to be withheld by the Company upon such exercise, as determined by the Committee (the “Required Withholding Amount”). 

 

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 6. Payment or Delivery by the Company. As soon as practicable after receipt of all
items referred to in Section 4, and subject to the withholding referred to in Section 5, the Company will deliver or cause to be delivered to or at the direction of the Grantee the amount of consideration determined under the second
sentence of Section 2 above, which consideration shall consist of shares of LBTY     (valued at their Fair Market Value on the date of exercise) or, at the discretion of the Committee, if Grantee is not subject to
U.S. federal income tax, cash or a combination of cash and shares. Any delivery of shares of LBTY     will be deemed effected for all purposes when (i) a certificate representing such shares or statement of holdings
reflecting such shares held for the benefit of Grantee in uncertificated form by a third party service provider designated by the Company has been delivered personally to the Grantee or, if delivery is by mail, when the certificate or statement of
holdings has been deposited in the United States mail, addressed to the Grantee, or (ii) confirmation of deposit into the designated broker’s account of such shares, in written or electronic format, is first made available to Grantee. Any
cash payment will be deemed effected when the Company or a Subsidiary makes the payment by any of the following means: (i) by check , payable to or at the direction of the Grantee and in the amount equal to the amount of the cash payment,
delivered personally to or at the direction of the Grantee or deposited in the United States mail, addressed to the Grantee or his or her nominee, or (ii) by delivery of the amount of such cash payment by electronic transfer to Grantee’s
designated account. 
 7. Early Termination of the SARs. Unless otherwise determined by the Committee in its sole
discretion, the SARs will terminate, prior to the expiration of the Term, at the time specified below: 
 (a) Subject to
Section 7(b), if Termination of Service occurs other than (i) by the Company or a Subsidiary (whether for Cause or without Cause) or (ii) by reason of Grantee’s death or Disability, then the SARs will terminate at the Close of
Business on the first Business Day following the expiration of the 90-day period which began on the date of Termination of Service. 

(b) If the Grantee dies (i) prior to Termination of Service or prior to the expiration of a period of time following Termination of
Service during which the SARs remain exercisable as provided in Section 7(a) or Section 7(c), as applicable, the SARs will terminate at the Close of Business on the first Business Day following the expiration of the one-year period which
began on the date of the Grantee’s death, or (ii) prior to the expiration of a period of time following Termination of Service during which the SARs remain exercisable as provided in Section 7(d), the SARs will terminate at the Close
of Business on the first Business Day following the expiration of (A) the one-year period which began on the date of the Grantee’s death or (B) the Special Termination Period, whichever period is longer. 

(c) Subject to Section 7(b), if Termination of Service occurs by reason of Disability, then the SARs will terminate at the Close of
Business on the first Business Day following the expiration of the one-year period which began on the date of Termination of Service. 
  

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 (d) If Termination of Service is by the Company or a Subsidiary without Cause (as determined
in the sole discretion of the Committee), the SARs will terminate at the Close of Business on the first Business Day following the expiration of the Special Termination Period. The Special Termination Period is the period of time beginning on the
date of Termination of Service and continuing for the number of days that is equal to the sum of (a) 90, plus (b) 180 multiplied by the Grantee’s total Years of Continuous Service, provided that the Special Termination Period will in
any event expire on the second anniversary of the date of Termination of Service. A Year of Continuous Service means a consecutive 12-month period, measured by the Grantee’s hire date (as reflected in the payroll records of the Company or a
Subsidiary) and the anniversaries of that date, during which the Grantee is employed by the Company or a Subsidiary without interruption. For purposes of determining the Grantee’s Years of Continuous Service, Grantee’s employment with the
Company’s former parent, Liberty Media Corporation (“LMC”), and any predecessor of the Company or LMC will be included, provided that the Grantee’s hire date with the Company or a Subsidiary occurred within 30 days following the
Grantee’s termination of employment with LMC or such predecessor. If the Grantee was employed by a Subsidiary at the time of such Subsidiary’s acquisition by the Company, the Grantee’s employment with the Subsidiary prior to the
acquisition date will not be included in determining the Grantee’s Years of Continuous Service unless the Committee, in its sole discretion, determines that such prior employment will be included. Notwithstanding the foregoing, the business
combination in which Liberty Media International, Inc. and UnitedGlobalCom, Inc. and their respective Subsidiaries became Subsidiaries of the Company on June 15, 2005 shall not be deemed an acquisition of any such Subsidiary by the Company for
purpose of the preceding sentence. 
 (e) If Termination of Service is by the Company or a Subsidiary for Cause, then the SARs
will terminate immediately upon such Termination of Service. 
 In any event in which the SARs remain exercisable for a period of time following
the date of Termination of Service as provided above, the SARs may be exercised during such period of time only to the extent the same were exercisable as provided in Section 3 above on such date of Termination of Service. Unless the Committee
otherwise determines, neither a change of the Grantee’s employment from the Company to a Subsidiary or from a Subsidiary to the Company or another Subsidiary, nor a change in Grantee’s status from an independent contractor to an employee,
will be a Termination of Service for purposes of this Agreement if such change of employment or status is made at the request or with the express consent of the Company. Unless the Committee otherwise determines, however, any such change of
employment or status that is not made at the request or with the express consent of the Company and any change in Grantee’s status from an employee to an independent contractor will be a Termination of Service within the meaning of this
Agreement. Notwithstanding any period of time referenced in this Section 7 or any other provision of this Section 7 that may be construed to the contrary, the SARs will in any event terminate upon the expiration of the Term. 

8. Automatic Exercise of SARs. Immediately prior to the termination of SARs, as provided in Section 7(a), 7(b), 7(c) or 7(d)
above or upon expiration of the Term, all remaining SARs then exercisable will be deemed to have been exercised by the Grantee. Notwithstanding any other provision of this Agreement, no exercise of SARs will be deemed to occur upon Termination of
Service for Cause. 
  

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 9. Nontransferability. During the Grantee’s lifetime, the SARs are not
transferable (voluntarily or involuntarily) other than pursuant to a Domestic Relations Order and, except as otherwise required pursuant to a Domestic Relations Order, are exercisable only by the Grantee or the Grantee’s court appointed legal
representative. The Grantee may designate a beneficiary or beneficiaries to whom the SARs will pass upon the Grantee’s death and may change such designation from time to time by filing a written designation of beneficiary or beneficiaries with
the Committee on such form as may be prescribed by the Committee, provided that no such designation will be effective unless so filed prior to the death of the Grantee. If no such designation is made or if the designated beneficiary does not survive
the Grantee’s death, the SARs will pass by will or the laws of descent and distribution. Following the Grantee’s death, the SARs, if otherwise exercisable, may be exercised by the person to whom such right passes according to the foregoing
and such person will be deemed the Grantee for purposes of any applicable provisions of this Agreement. [CLICK HERE TO ACCESS THE DESIGNATION OF BENEFICIARY FORM.] 

10. No Stockholder Rights. The Grantee will not, by reason of the Award granted under this Agreement, be deemed for any purpose to
be, or to have any of the rights of, a stockholder of the Company with respect to any shares of LBTY    , nor will the existence of this Agreement affect in any way the right or power of the Company or its stockholders to
accomplish any corporate act, including, without limitation, the acts referred to in Section 11.16 of the Plan. 
 11.
Adjustments. The SARs will be subject to adjustment (including, without limitation, as to the number of SARs and the Base Price per share) in the sole discretion of the Committee and in such manner as the Committee may deem equitable and
appropriate in connection with the occurrence of any of the events described in Section 4.2 of the Plan following the Grant Date. 

12. Restrictions Imposed by Law. Without limiting the generality of Section 11.8 of the Plan, the Grantee will not exercise
any SARs, and the Company will not be obligated to make any cash payment or issue or cause to be issued any shares of LBTY__, if counsel to the Company determines that such exercise, payment or issuance would violate any applicable law or any rule
or regulation of any governmental authority or any rule or regulation of, or agreement of the Company with, any securities exchange or association upon which shares of LBTY     are listed or quoted. The Company will in no
event be obligated to take any affirmative action in order to cause the exercise of the SARs or the resulting payment of cash or issuance of shares of LBTY     to comply with any such law, rule, regulation or agreement.

 13. Notice. Unless the Company notifies the Grantee in writing of a different procedure: 

(a) any notice or other communication to the Company with respect to this Agreement (other than a notice of exercise pursuant to
Section 4 of this Agreement) will be in writing and will be delivered personally or sent by United States first class mail, postage prepaid, overnight courier, freight prepaid or sent by facsimile and addressed as follows: 

Liberty Global, Inc. 

12300 Liberty Boulevard 

Englewood, Colorado 80112 

Attn: General Counsel 

Fax: 303-220-6691 
  

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 (b) any notice of exercise pursuant to Section 4 will be made to the Third Party
Administrator, UBS Financial Services Inc., either through its UBS One Source website at www.ubs.com/onesource/LBTY     or by telephone at 1-866-544-2927. 

Any notice or other communication to the Grantee with respect to this Agreement will be in writing and will be delivered personally, or will be sent by
United States first class mail, postage prepaid, to the Grantee’s address as listed in the records of the Company on the Grant Date, unless the Company has received written notification from the Grantee of a change of address. 

14. Amendment. Notwithstanding any other provision hereof, this Agreement may be supplemented or amended from time to time as
approved by the Committee. Without limiting the generality of the foregoing, without the consent of the Grantee, 
 (a) this
Agreement may be amended or supplemented from time to time as approved by the Committee (i) to cure any ambiguity or to correct or supplement any provision herein which may be defective or inconsistent with any other provision herein, or
(ii) to add to the covenants and agreements of the Company for the benefit of the Grantee or surrender any right or power reserved to or conferred upon the Company in this Agreement, subject to any required approval of the Company’s
stockholders and, provided, in each case, that such changes will not adversely affect the rights of the Grantee with respect to the Award evidenced hereby, or (iii) to reform the Award made hereunder as contemplated by Section 11.18 of the
Plan or to exempt the Award made hereunder from coverage under Section 409A, or (iv) to make such other changes as the Company, upon advice of counsel, determines are necessary or advisable because of the adoption or promulgation of, or
change in or of the interpretation of, any law or governmental rule or regulation, including any applicable federal or state securities laws; and 

(b) subject to any required action by the Board or the stockholders of the Company, the SARs granted under this Agreement may be canceled
by the Company and a new Award made in substitution therefor, provided that the Award so substituted will satisfy all of the requirements of the Plan as of the date such new Award is made and no such action will adversely affect any SARs to the
extent then exercisable. 
 15. Grantee Employment. 

(a) Nothing contained in this Agreement, and no action of the Company or the Committee with respect hereto, will confer or be construed to
confer on the Grantee any right to continue in the employ or service of the Company or any of its Subsidiaries or interfere in any way with any right of the Company or any Subsidiary, subject to the terms of any separate employment agreement to the
contrary, to terminate the Grantee’s employment or service at any time, with or without cause. 
  

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 (b) The Award hereunder is special incentive compensation that will not be taken into
account, in any manner, as salary, earnings, compensation, bonus or benefits, in determining the amount of any payment under any pension, retirement, profit sharing, 401(k), life insurance, salary continuation, severance or other employee benefit
plan, program or policy of the Company or any of its Subsidiaries or any employment agreement or arrangement with the Grantee. 

(c) It is a condition of the Grantee’s Award that, in the event of Termination of Service for whatever reason, whether lawful or
not, including in circumstances which could give rise to a claim for wrongful and/or unfair dismissal (whether or not it is known at the time of Termination of Service that such a claim may ensue), the Grantee will not by virtue of such Termination
of Service, subject to Section 3 of this Agreement, become entitled to any damages or severance or any additional amount of damages or severance in respect of any rights or expectations of whatsoever nature the Grantee may have hereunder or
under the Plan. Notwithstanding any other provision of the Plan or this Agreement, the Award hereunder will not form part of the Grantee’s entitlement to remuneration or benefits pursuant to the Grantee’s employment agreement or
arrangement, if any. The rights and obligations of the Grantee under the terms of his or her employment agreement, if any, will not be enhanced hereby. 

(d) In the event of any inconsistency between the terms hereof or of the Plan and any employment, severance or other agreement with the
Grantee, the terms hereof and of the Plan shall control. 
 16. Nonalienation of Benefits. Except as provided in
Section 9 of this Agreement, (i) no right or benefit under this Agreement will be subject to anticipation, alienation, sale, assignment, hypothecation, pledge, exchange, transfer, encumbrance or charge, and any attempt to anticipate,
alienate, sell, assign, hypothecate, pledge, exchange, transfer, encumber or charge the same will be void, and (ii) no right or benefit hereunder will in any manner be liable for or subject to the debts, contracts, liabilities or torts of the
Grantee or other person entitled to such benefits 
 17. Data Privacy. 

(a) The Grantee’s acceptance hereof shall evidence the Grantee’s explicit and unambiguous consent to the collection, use and
transfer, in electronic or other form, of the Grantee’s personal data by and among, as applicable, the Grantee’s employer (the “Employer”) and the Company and its subsidiaries and affiliates for the exclusive purpose of
implementing, administering and managing the Grantee’s participation in the Plan. The Grantee understands that the Company and the Employer may hold certain personal information about the Grantee, including, but not limited to, the
Grantee’s name, home address and telephone number, date of birth, social insurance number or other identification number, salary, bonus and employee benefits, nationality, job title and description, any shares of stock or directorships or other
positions held in the Company, its subsidiaries and affiliates, details of all options, stock appreciation rights, restricted shares, restricted share units or any other entitlement to shares of stock or other Awards granted, canceled, exercised,
vested, unvested or outstanding in the Grantee’s favor, annual performance objectives, performance reviews and performance ratings, for the purpose of implementing, administering and managing Awards under the Plan (“Data”).

  

 9 

 (b) The Grantee understands that Data may be transferred to any third parties assisting in
the implementation, administration and management of the Plan, that these recipients may be located in the Grantee’s country or elsewhere, and that the recipients’ country (e.g. the United States) may have different data privacy laws and
protections than the Grantee’s country. The Grantee understands that the Grantee may request a list with the names and addresses of any potential recipients of the Data by contacting the Grantee’s local human resources representative. The
Grantee authorizes the recipients to receive, possess, use, retain and transfer the Data, in electronic or other form, for the sole purpose of implementing, administering and managing the Grantee’s participation in the Plan, including any
requisite transfer of such Data as may be required to a broker or other third party with whom the Grantee may elect to deposit any shares of stock acquired with respect to an Award. 

(c) The Grantee understands that Data will be held only as long as is necessary to implement, administer and manage the Grantee’s
participation in the Plan. The Grantee understands that the Grantee may at any time view Data, request additional information about the storage and processing of Data, require any necessary amendments to Data or refuse or withdraw the consents
herein, in any case without cost, by contacting in writing the Grantee’s local human resources representative. The Grantee understands, however, that refusing or withdrawing the Grantee’s consent may affect the Grantee’s ability to
participate in the Plan. For more information on the consequences of a refusal to consent or withdrawal of consent, the Grantee may contact the Grantee’s local human resources representative. 

18. Governing Law. This Agreement will be governed by, and construed in accordance with, the internal laws of the State of
Colorado. Each party irrevocably submits to the general jurisdiction of the state and federal courts located in the State of Colorado in any action to interpret or enforce this Agreement and irrevocably waives any objection to jurisdiction that such
party may have based on inconvenience of forum. 
 19. Construction. References in this Agreement to “this
Agreement” and the words “herein,” “hereof,” “hereunder” and similar terms include all Exhibits and Schedules appended hereto. This Agreement is entered into, and the Award evidenced hereby is granted, pursuant to
the Plan and shall be governed by and construed in accordance with the Plan and the administrative interpretations adopted by the Committee thereunder. The word “include” and all variations thereof are used in an illustrative sense and not
in a limiting sense. All decisions of the Committee upon questions regarding this Agreement will be conclusive. Unless otherwise expressly stated herein, in the event of any inconsistency between the terms of the Plan and this Agreement, the terms
of the Plan will control. The headings of the sections of this Agreement have been included for convenience of reference only, are not to be considered a part hereof and will in no way modify or restrict any of the terms or provisions hereof.

 20. Duplicate Originals. The Company and the Grantee may sign any number of copies of this Agreement. Each signed copy
will be an original, but all of them together represent the same agreement. 
 21. Rules by Committee. The rights of the
Grantee and the obligations of the Company hereunder will be subject to such reasonable rules and regulations as the Committee may adopt from time to time. 
  

 10 

 22. Entire Agreement. This Agreement is in satisfaction of and in lieu of all prior
discussions and agreements, oral or written, between the Company and the Grantee regarding the subject matter hereof. The Grantee and the Company hereby declare and represent that no promise or agreement not herein expressed has been made and that
this Agreement contains the entire agreement between the parties hereto with respect to the Award and replaces and makes null and void any prior agreements between the Grantee and the Company regarding the Award. This Agreement will be binding upon
and inure to the benefit of the parties and their respective heirs, successors and assigns. 
 23. Grantee Acceptance.
The Grantee will signify acceptance of the terms and conditions of this Agreement by signing in the space provided at the end hereof and returning a signed copy to the Company. If the Grantee does not execute and return this Agreement within 45 days
of the Grant Date, the grant of the SARs shall be null and void. 
  

 11 

 Signature Page to Stock Appreciation Rights Agreement (Series
    ) 
 dated as of
            , 20     between Liberty Global, Inc., and Grantee 

 

			
	LIBERTY GLOBAL, INC.
		
	By:	 	  

	Name:	 	
	Title:	 	

			
	
	ACCEPTED:
	
	  

		
	Grantee Name:	 	  

	Address:	 	  

		 	  

	Employee No.:	 	  

Grant No.                      

Number of shares of LBTY     as to which Free-Standing SAR is granted:
                     
  

 12

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