Document:

Exhibit
10.2

CROWN MEDIA HOLDINGS, INC. 

2006 RESTRICTED
STOCK UNIT AGREEMENT

THIS RESTRICTED STOCK UNIT AGREEMENT (the “Agreement”)
is made and entered into as of October 3, 2006 (the “Grant Date”), by and
between Crown Media Holdings, Inc. a Delaware corporation (“Crown”) and Henry
Schleiff (“Executive”) pursuant to the terms and conditions of the Amended and
Restated Crown Media Holdings, Inc. 2000 Long Term Incentive Plan (the “Plan”).
Capitalized terms not defined in this Amended Agreement shall have the meanings
set forth in the Plan. 

1.             Award
of Restricted Stock Units. 

(a)           General
Award. Pursuant to the Plan, Crown awards to
Executive 200,000 Restricted Stock Units (“RSUs”), each unit corresponding to
one share of Crown Common Stock (as defined in the Plan), subject to the terms
and conditions set forth in this Agreement and the Plan. This grant reflects a
two-year grant. Crown also awards the additional Performance RSUs that may be
vested under Section 2(b)(i)(A) and Section 2(b)(iii). A copy of the Plan has
been delivered to the Executive. By signing below, the Executive agrees to be
bound by all the provisions of the Plan. Each RSU constitutes an unsecured
promise of Crown to deliver either a share of Common Stock or cash in an amount
equivalent to one share of Common Stock to Executive on the Delivery Date (as
defined below). As a holder of RSUs, Executive has only the rights of a general
unsecured creditor of Crown. 

(b)           Types
of RSUs. Of the total 200,000 RSUs granted to
Executive, 100,000 shall be deemed to be Employment RSUs and 100,000 shall be
deemed to be Performance RSUs. Vesting of Performance RSUs shall depend on
those four significant distribution agreements identified on Schedule I hereto
(the “Major Distribution Agreements”) being Renewed by Crown or its subsidiary.
The applicable provisions of this Agreement shall be specified by type of RSU,
and if not so specified, shall apply to all RSUs granted hereunder. 

2.             Vesting. 

(a)           Employment
RSUs. Subject to continued employment with
Crown and/or its affiliates as of the fourth anniversary of the Grant Date
(unless one of the events enumerated in Section 4 of this Agreement shall have
earlier occurred) the Employment RSUs shall vest and become nonforfeitable on
the fourth anniversary of the Grant Date. 

(b)           Performance
RSUs 

                (i)            Achieved Performance
RSUs. Performance RSUs are eligible to vest as set forth below,
provided however, that only one of the following A-E shall apply and that which
is applicable shall be the “Achieved Performance RSUs”:

                                                                (A)          150% of Performance RSUs if at least three of the Major
Distribution Agreements are Renewed by November 8, 2007 and the fourth Major
Distribution Agreement is Renewed prior to its expiration date or within 120
days thereafter.

 

 

                                                                (B)           100% of Performance RSUs if at least
three of the Major Distribution Agreements are Renewed by November 8, 2007 and
the fourth Major Distribution Agreement is Renewed but not prior to its
expiration or within 120 days thereafter. 

                                                                (C)           100% of Performance RSUs if all Major
Distribution Agreements are Renewed on or prior to each agreement’s expiration
date. 

                                                                (D)          65%
of Performance RSUs if all Major Distribution Agreements are Renewed
within 120 days after expiration. 

                                                                (E)           0% of Performance RSUs if all Major
Distribution Agreements are not Renewed as outlined in any of A-D above. 

(ii)           First
Vesting. Subject to continued employment with Crown or one of its
affiliates, 65% of the Achieved Performance RSUs shall vest and become
nonforfeitable when the fourth Major Distribution Agreement is Renewed in
accordance with one of Section 2(b)(i) A-E above (the “First Vesting”). 

(iii)          Second
Vesting. Subject to Executive being employed by Crown or one of its
affiliates as of the date of the First Vesting, and subject to Section 2(b)(iv)
below, the remaining Achieved Performance RSUs shall vest and become
nonforfeitable on December 31, 2008 in accordance with the following formula:
(Achieved Performance RSUs multiplied times the
Modifier) less the Achieved
Performance RSUs settled in the First Vesting, where the Modifier is as set
forth below:

	
  Subscriber Revenue

  Achieved for 2008

  	
   

  	
  Modifier

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
  Less than $47.86
  mil

  	
   

  	
  65

  	
  %

  
	
  $47.86 mil to 55.17 mil

  	
   

  	
  85

  	
  %

  
	
  $55.17 mil to
  61.93 mil

  	
   

  	
  100

  	
  %

  
	
  $61.93 mil or more

  	
   

  	
  135

  	
  %

  

 

                (iv)          Discretion.
The Committee shall have the discretion to increase or decrease the
Modifier set forth in 2(b)(iii) above by 20%. The Committee shall also have the
discretion to extend deadlines for the satisfaction of vesting in the event that
renegotiation due to most favored nations clauses or other factors beyond the
control of Crown delays finalizing Renewal of one or more Major Distribution
Agreements. 

                (v)           Notwithstanding Section 4 hereof, in
the event of Executive’s involuntary Termination of Employment without Cause or
Executive’s Termination of Employment for Good Reason within 90 days prior to a
Vesting Date for Performance RSUs, the Performance RSUs shall vest in
accordance with Section 2(b) as though Executive were still employed by Crown
on that Vesting Date.

 2
 

 

 

3.             Settlement
of RSU Award. 

(a)           Settlement. Subject to any cancellation of RSUs pursuant to Section 4,
Crown shall deliver to Executive on the Delivery Date, at Crown’s sole,
absolute and unfettered discretion, either: (1) the number of shares of Common
Stock corresponding to such RSUs; or (2) cash in an amount equal to the number
of shares of Common Stock corresponding to such RSUs multiplied by the average
of the Fair Market Value (as defined below) of the Common Stock for the
immediately preceding 14 business days including the Vesting Date (or, if such
Vesting Date does not fall on a business day, as of the business day
immediately preceding the Vesting Date) unless Executive has otherwise elected
to defer receipt of such award in accordance with Committee authorization or
pursuant to the terms of a nonqualified plan adopted by Crown. Crown shall have
sole, absolute and unfettered discretion in determining whether to deliver
shares of Common Stock or cash in an amount equivalent to the number of shares
of Common Stock on the Vesting Date. 

                (b)           Dividend
and Stock Split Equivalents. For so long as Executive holds RSUs, at the
time any dividend is paid with respect to a share of Common Stock or any
forward stock split occurs, Crown shall credit to the RSU award of the
Executive on the same date (or as soon as practicable thereafter) in respect of
each RSU held by the Executive as of the record date for such dividend or split
an amount at Crown’s sole, absolute and unfettered discretion, in cash, Common
Stock, or other property, or in a combination thereof, in each case having a
value equal to the dividend or split, subject to any deferral election by
Executive in accordance with Committee authorization or pursuant to the terms
of a nonqualified plan adopted by Crown. Such amounts shall vest and shall be
paid on a pro rata basis at the
same time as the underlying Employment or Performance RSU award with which such
dividend or stock split is associated is settled. 

                4.             Termination
of RSUs and Non-Delivery Upon Certain Other Events. 

Subject to Section 5 hereof, Executive’s rights with
respect to any outstanding unvested RSUs shall immediately terminate and no
payment shall be made in respect of such RSUs if, prior to the Vesting Date,
Executive experiences a Termination of Employment (as defined in the Plan). 

                5.             Acceleration of Vestings. 

(a)           Employment
RSUs. Notwithstanding Section 4 hereof, any
outstanding unvested Employment RSUs shall vest immediately upon an Executive’s
Termination of Employment by reason of: (1) the death of the Executive; (2) the
Disability of the Executive; or (3) an Executive’s involuntary Termination of
Employment without Cause or Executive’s Termination of Employment for Good
Reason within 90 days prior to or 90 days after the date on which a Change in
Control occurs. 

                (b)           Performance
RSUs. Notwithstanding Section 4 hereof, any outstanding Performance RSUs
shall vest immediately upon an Executive’s involuntary Termination of
Employment without Cause or Executive’s Termination of Employment for Good
Reason within 90 days prior to or 90 days after the date on which a Change in
Control occurs.

 3
 

 

 

                6.             Definitions.
For purposes of this Agreement: 

                (a)           “Delivery
Date” with respect to Employment RSUs or the First Vesting of Performance RSUs
pursuant to Section 2(b)(ii) shall mean any date designated by Crown within
thirty (30) days following a given Vesting Date. “Delivery Date” with respect
to the Second Vesting of Performance RSUs pursuant to Section 2(b)(iii) shall
mean the later of thirty (30) days following a given Vesting Date or fifteen
(15) days following the issuance of Crown’s audited financials for 2008. 

                (b)           “Fair
Market Value” shall mean “Fair Market Value” as defined in the Plan; provided,
however, that if there is no regular public trading market for such Common
Stock, “Fair Market Value” shall mean the value established by the most recent
independent appraisal of Crown conducted prior to the relevant Delivery Date. 

                (c)           “Renewal”
or “Renewed” shall mean that there is a fully executed, binding agreement with
the relevant MSO on new terms, in a form customary in the industry and that has
been approved by the Board. 

                (d)           “Vesting
Date” for Employment RSUs shall mean each of the fourth anniversary of the
Grant Date and the date on which any one of the events in Section 5 occurs.
Vesting Date for Performance RSUs shall mean (i) for Section 2(b)(ii) the date
on which the fourth Major Distribution Agreement is Renewed and (ii) for
Section 2(b)(iii), December 31, 2008. 

                (e)           “Good
Reason” shall have the meaning given in that Employment Agreement dated as of
the date hereof by and between Crown and Executive. 

                7.             Withholding
Tax. 

Executive may be subject to withholding taxes as a
result of the settlement of RSUs. Unless the Committee permits otherwise,
Executive shall pay to Crown in cash, promptly when the amount of such
obligations become determinable, all applicable federal, state, local and
foreign withholding taxes that Crown determines result from such settlement.
Unless the Committee otherwise determines and subject to such rules and
procedures as the Committee may establish, Executive may make an election to
have shares of Stock withheld by Crown or to tender any such securities to
Crown to pay the amount of tax that Crown in its discretion determines to be
required so to be withheld by Crown upon settlement of RSUs, subject to
satisfying any applicable requirements for compliance with Section 16(b) of the
Exchange Act. Any shares of Stock or other securities so withheld or tendered
will be valued as of the date they are withheld or tendered, provided that
Stock shall be valued at Fair Market Value on such date. Unless otherwise
permitted by the Committee, the value of shares withheld or tendered may not
exceed the minimum federal, state, local and foreign withholding tax
obligations as computed by Crown. 

                8.             Non-transferability.

No RSUs shall be assignable or otherwise transferable
by Executive. During the life of Executive any elections with respect to RSUs
may be made only by Executive or Executive’s guardian or legal representative. 

 4
 

 

                9.             Counterparts.

This Agreement may be executed in any number of
counterparts, each of which shall be deemed an original, but all of which
together shall constitute one and the same instrument.

                10.           Governing Law.

                This Agreement shall be governed by the laws of the
State of Delaware, without regard to conflict of law principles.

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

	
  

  	
  CROWN MEDIA HOLDINGS, INC.

  
	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ Donald J. Hall, Jr.

  
	
  :

  	
  Name:

  	
   Donald J. Hall, Jr.

  
	
   

  	
  Title:

  	
   Co-chairman

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  /s/ Henry
  Schleiff

  
	
   

  	
  Henry Schleiff

  

 

 5
 

 

 

Schedule
I

	
  Comcast:

  	
   

  	
  Affiliation Agreement dated as of November 16, 1998
  by and between Satellite Services, Inc. and Crown Media United States, LLC as
  subsequently amended from time to time.

  
	
  DirecTV:

  	
   

  	
  Affiliation Agreement
  dated as of August 20, 2001 by and between DirecTV, Inc. and Crown Media
  United States, LLC as subsequently amended from time to time.

  
	
  Time Warner:

  	
   

  	
  Affiliation Agreement
  dated as of July 21, 1999 by and between Time Warner Entertainment Company,
  L.P. and Crown Media United States, LLC as subsequently amended from time to
  time.

  
	
  EchoStar:

  	
   

  	
  Affiliation Agreement
  dated as of                     ,
  2000 by and between [EchoStar] and Crown Media United States, LLC as
  subsequently amended from time to time.

  

 

 6Exhibit
10.3

SHARE
APPRECIATION RIGHTS AGREEMENT

This
Share Appreciation Rights Agreement (the “Agreement”) is made and entered into
as of October 3, 2006 by and between Crown Media Holdings, Inc., a Delaware
corporation (“Crown”) and Henry Schleiff (“Executive”). 

1.             Share Appreciation Rights.  The
Board of Directors has authorized the creation of a phantom share appreciation
rights (“SARs”) program. The value of each SAR shall correspond to the value of
one share of Class A Stock from time to time. The SARs will be granted and
vested and otherwise governed by the terms set forth herein. The SARs will have
none of the rights associated with common stock such as voting or dividend
rights and will have no value outside the context of this Agreement. 

2.             SAR Grant Triggers.  SARs
will be granted during the term of Executive’s employment by Crown the day
after the Fair Market Value of Crown Stock reaches the Threshold Price and
stays at the Threshold Price or higher for 60 consecutive calendar days. SARs
will then be granted each time that the Fair Market Value of Crown Stock
increases another incremental five dollars over the previous price at which an
SAR grant was triggered and stays at such price or higher for 60 consecutive
calendar days (each sustained price shall be the “Crown Stock Price”). The
Threshold Price and each subsequent Crown Stock Price resulting in a grant of
SARs will be an “SAR Trigger.” 

3.             SAR Grant Amounts.  Upon
the occurrence of each SAR Trigger, Executive shall be granted that number of
SARs with a value equal to eight-tenths of one percent (.8%) of the Enterprise
Growth as of the Grant Date divided by the Crown Stock Price. The date of each
such grant shall be a “Grant Date.” 

4.             Change in Control. 

(a)           In the event there is a Change in
Control, then as of the Change in Control: 

                (i)            if there has been no prior SAR
Trigger and the Change in Control Price exceeds the Start Price, then Executive
shall be granted that number of SARs equal to eight-tenths of one percent (.8%)
of the Enterprise Growth divided by the Change in Control Price; or 

                (ii)           if there has been a previous SAR
Trigger and the Change in Control Price exceeds the previous SAR Trigger, then
Executive shall be granted that number of SARs equal to eight-tenths of one
percent (.8%) of the Enterprise Growth divided by the Change in Control Price. 

(b)           In the event of a Change in Control, then subsequent to the Delivery
Date in connection with the grant set forth in 4(a) hereof, this Agreement
shall terminate and no further grants shall be made hereunder. 

 

 

(c)           Notwithstanding Section 4(b), if
Executive’s employment terminates pursuant to Section 5(b) hereof or due to
Executive’s death or disability (as provided for in the Employment Agreement)
and (i) a Change in Control occurs within ninety (90) days thereafter, or (ii)
an agreement that will result in a Change in Control is executed by Crown prior
to such termination and a Change in Control occurs within one hundred-eighty
(180) days after such termination, then Executive will receive a grant of SARs
pursuant to Section 4(a) which will vest pursuant to Section 5(c). 

5.             Vesting. 

(a)           Subject to continued employment with
Crown andlor its affiliates as of the third anniversary of each Grant Date
(unless one of the events enumerated in Section 5(b) or Section 5(c) hereof
shall have earlier occurred) each SAR shall vest and become nonforfeitable on
the third anniversary of its Grant Date. 

(b)           Any outstanding SARs shall vest
immediately upon Executive’s involuntary termination of employment pursuant to
Paragraph 8(b) of the Employment Agreement or Executive’s termination of his
employment for Good Reason (as defined in the Employment Agreement). 

(c)           Any outstanding SARs shall vest
immediately in the event of a Change in Control including without limitation,
those SARs granted simultaneously with a Change in Control. 

6.             Termination of SARs.  If
prior to the Vesting Date, Executive’s employment is terminated other than for
termination pursuant to Paragraph 8(b) of the Employment Agreement then, other
than as set forth in Section 5 above, Executive’s rights with respect to any
outstanding unvested SARs shall immediately terminate and no payment shall be
made in respect thereof. Furthermore, in the event Executive’s employment is
terminated other than for termination pursuant to Paragraph 8(b) of the
Employment Agreement, then this Agreement shall terminate and no further grants
shall be made hereunder. 

7.             Settlement of SARs. 

(a)           Settlement.  Subject
to any termination of SARs pursuant to Section 6, Crown shall deliver to
Executive on the Delivery Date, at Crown’s sole discretion, either: (1) the
number of shares of Class A Stock corresponding to such SARs; or (2) cash in an
amount equal to the number of shares of Class A Stock corresponding to such
SARs multiplied by the average of the Fair Market Value for the 14 business
days immediately preceding and including the Vesting Date (or, if such Vesting
Date does not fall on a business day, as of the business day immediately
preceding the Vesting Date). Crown shall have sole, absolute and unfettered
discretion in determining whether to deliver shares of Class A Stock or cash. 

                (b)           Stock
Split Equivalents.  For so long as Executive holds SARs, at the
time any forward or reverse stock split of Class A Stock occurs, Crown shall
credit or debit, as the case may be, to the SAR award of the Executive on the
same date (or as soon as practicable thereafter) in respect of each SAR held by
the Executive as of the record date for such split 

 2
 

 

 

amount at Crown’s sole,
absolute and unfettered discretion, in cash, Common Stock, or other property,
or in a combination thereof, in each case having a value equal to the split.
Such amounts shall vest and shall be paid on a pro
rata basis at the same time as the underlying SAR award with which
such stock split is associated is settled. 

8.             Withholding Tax.  Executive
may be subject to withholding taxes as a result of the settlement of SARs.
Unless the Compensation Committee of Crown permits otherwise, Executive shall
pay to Crown in cash, promptly when the amount of such obligations become
determinable, all applicable federal, state, local and foreign withholding
taxes that Crown determines result from such settlement. Unless the
Compensation Committee otherwise determines and subject to such rules and
procedures as the Committee may establish, Executive may make an election to
have shares of Stock withheld by Crown or to tender any such securities to
Crown to pay the amount of tax that Crown in its discretion determines to be
required so to be withheld by Crown upon settlement of SARs, subject to
satisfying any applicable requirements for compliance with Section 16(b) of the
Exchange Act. Any shares of Class A Stock or other securities so withheld or
tendered will be valued as of the date they are withheld or tendered, provided
that Class A Stock shall be valued at Fair Market Value on such date. Unless
otherwise permitted by the Compensation Committee, the value of shares withheld
or tendered may not exceed the minimum federal, state, local and foreign
withholding tax obligations as computed by Crown. 

9.             Non-transferability.  No
SARs shall be assignable or otherwise transferable by Executive. Any elections
with respect to SARs may be made only by Executive or Executive’s guardian or
legal representative. 

10.           Definitions.  For
purposes of this Agreement: 

“Base
Debt” shall mean the total balance of the debt and obligations identified on
Schedule A hereto as of September 30, 2006, less any Library Proceeds. 

“Base
Market Capitalization” shall mean the Start Price multiplied times the total
number of shares of Crown Stock outstanding on the date Executive commences
employment with Crown. 

“Change
in Control” shall mean (i) the sale of shares, or a merger or other business
combination of Crown so that immediately thereafter, Hallmark Cards,
Incorporated or its current or future subsidiaries (“Hallmark”) no longer own
directly or indirectly 50% or more of the Crown Stock or (ii) a sale of all or
substantially all of the assets of Crown to persons other than Hallmark. 

“Change
in Control Price” shall mean (i) with respect to the sale or exchange of Crown
Stock as described in clause (i) of the definition of Change in Control, the
average per share sale price of the Crown Stock in the Change in Control, after
deducting transaction costs borne by the Company multiplied times the total
number of shares of Crown Stock outstanding; and (ii) with respect to a sale of
all or substantially all of the assets of Crown, then the sale price for the
assets after deducting transaction costs borne by the Company plus the amount
of any Debt assumed by 

 3
 

 

 

buyer less the amount of any
Debt required to be paid, retained or forgiven by any shareholders or their
affiliates. 

“Class
A Stock” shall mean Class A common stock, par value $.O1 per share of Crown. 

“Class
B Stock” shall mean Class B common stock, par value $.O1 per share of Crown. 

“Crown
Stock” shall mean Class A Stock and Class B Stock. 

“Debt”
shall mean (i) any indebtness for borrowed money, whether by loan or the
issuance and sale of debt securities and (ii) any draws upon letters of credit
or guaranties. 

“Debt
Increases” shall mean any increases (including interest accruing) to the
balance of the Base Debt plus any additional Debt incurred, plus the
liquidation preference and accrued but unpaid dividends on any Preferred Stock,
all determined as of the applicable Grant Date. 

“Debt
Reduction” shall mean any pay down of Debt (excluding the conversion of any
Debt into Crown Stock) and any payment with respect to any Preferred Stock, all
determined as of the applicable Grant Date. 

“Delivery
Date” shall mean any date designated by Crown within thirty (30) days following
a given Vesting Date. 

“Employment
Agreement” shall mean Executive’s Employment Agreement with Crown dated as of
the date hereof, as the same may be amended from time to time. 

“Enterprise
Growth” shall mean Market Capitalization Increase less any Debt Increases and
plus any Debt Reduction. 

“Fair
Market Value” shall mean as of any given date, the closing price of the Class A
Stock on The NASDAQ Stock Market as of the close of the regular business hours
of The NASDAQ Stock Market, without regard to any after-hours trading that may
hereinafter be commenced on the NASDAQ Stock Market, on the immediately
preceding date or, if there are no reported sales on such immediately preceding
date, on the last day prior to such date on which there were sales of the Class
A Stock on The NASDAQ Stock Market or, if the Class A Stock is not listed on
The NASDAQ Stock Market, on any national securities exchange on which the Class
A Stock is listed. If there is no regular public trading market for such Class
A Stock, the Fair Market Value of the Class A Stock shall be determined by the
Compensation Committee of Crown in good faith. 

“Library
Proceeds” shall mean the amount of money received by Crown or its subsidiaries
less costs, expenses and fees in connection with any sale of its film library
to RHI Enterprises, LLC or any of its affiliates or any other such sale of its
film library within twelve months of the date hereof. 

 4
 

 

 

“Market
Capitalization” shall mean the Fair Market Value of the Crown Stock on a given
date multiplied times the total number of shares of Crown Stock outstanding on
such date. 

“Market
Capitalization Increase” shall mean (i) with respect to the first SAR Trigger,
the Market Capitalization on the date of the first SAR Trigger less the Base
Market Capitalization; (ii) with respect to all SAR Triggers other than the
first one, the Market Capitalization on the date of such SAR Trigger less the
Market Capitalization on the date of the previous SAR Trigger and (iii) with
respect to a Change in Control, the Change in Control Price less the Market
Capitalization on the date of the previous SAR Trigger or if there has not been
an SAR Trigger, then less the Base Market Capitalization. 

“Preferred
Stock” shall mean any equity securities senior to the Crown Stock. 

“Start
Price” shall mean the average of the Fair Market Value for the 5 business days
prior to earlier of (i) the date of announcement of Executive’s employment or
(ii) the date of announcement of any Crown transaction requiring the filing of
a Form 8-K with the SEC. 

“Threshold
Price” shall mean the Start Price plus five dollars. 

11.           Administration. 

This
Agreement shall be administered by the Compensation Committee of Crown. The
Compensation Committee shall have full power to construe and interpret this
Agreement to establish and amend rules for its administration, to decide any
dispute which may arise hereunder and to correct any defect or omission or
reconcile any inconsistency between this Agreement and the Employment
Agreement. All actions taken and decisions made by the Compensation Committee
pursuant to this Agreement in good faith shall be binding and conclusive. No
member of the Compensation Committee shall be liable for any action or
determination made in good faith with respect to this Agreement. 

12.           Counterparts.  

This
Agreement may be executed in any number of counterparts, each of which shall be
deemed an original, but all of which together shall constitute one and the same
instrument. 

13.           Governing Law.  

This
Agreement shall be governed by the laws of the State of Delaware, without
regard to conflict of law principles. 

 5
 

 

 

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

	
  

  	
   

  	
  CROWN MEDIA HOLDINGS, INC.

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
  By:

  	
  /s/ Donald J. Hall, Jr.

  
	
   

  	
   

  	
  Name:

  	
  Donald J. Hall, Jr.

  
	
   

  	
   

  	
  Title:

  	
  Co-Chairman

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  /s/ Hernry Schleiff

  
	
   

  	
   

  	
  Henry Schleiff

  	
   

  
							

 

 6
 

 

 

Schedule A

·                                          Credit, Security, Guaranty and Pledge
Agreement dated as of August 31, 2001, as amended, among Crown Media Holdings,
Inc. and its subsidiaries and the lenders named therein and JP Morgan Chase as
Agent, as the same may be sold or assigned. 

·                                          The Promissory Note dated as of December 14,
2001 of Crown Media Holdings, Inc. and guaranteed by Crown Media United States,
LLC in the original principal amount of $75
million payable to HCC. 

·                                          The 10.25% Senior Unsecured Discount Note
issue date August 5, 2003 of Crown Holdings in the initial accreted value of
$400 million payable to HCC. 

·                                          The Promissory Note dated as of March 31,
2006 of Crown Media Holdings, Inc. in the original principal amount of
$70,414,087.87 originally payable to Hallmark Entertainment Holdings, Inc. 

·                                          The Promissory Note dated as of October 1,
2005 of Crown Media United States, LLC in the original principal amount of
$132,785,424 originally payable to Hallmark Entertainment Distribution, LLC. 

 

 7

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