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Exhibit 10.8  

 
 

LIBERTY MEDIA INTERNATIONAL, INC.
  2004 INCENTIVE PLAN    
    

 
  FORM OF NON-QUALIFIED STOCK OPTION AGREEMENT    
    

        THIS NON-QUALIFIED STOCK OPTION AGREEMENT ("Agreement") is made as
of                        , 2004 (the "Effective Date"), by and between LIBERTY MEDIA
INTERNATIONAL, INC., a Delaware corporation (the "Company"), and the individual whose name, address and social security number appear on the signature page hereto (the "Grantee"). 

        The
capital stock of the Company is to be distributed to the holders of the common stock of Liberty Media Corporation ("Liberty Media") on the date (the "Distribution Date") specified by
the Board of Directors of Liberty Media. 

        The
Company has adopted the Liberty Media International, Inc. 2004 Incentive Plan (the "Plan"), a copy of which is attached to this Agreement as Exhibit A and by this
reference made a part hereof, for the benefit of eligible employees of the Company and its Subsidiaries. Capitalized terms used and not otherwise defined herein will have the meaning given thereto in
the Plan. 

        Pursuant
to the Plan, the Committee appointed by the Board pursuant to Section 3.1 of the Plan has determined that it would be in the interest of the Company and its stockholders
to grant the Option (as defined below) and rights provided herein to the Grantee subject to the conditions and restrictions set forth herein and in the Plan in order to provide the Grantee with
remuneration for services rendered, to encourage the Grantee to continue to provide services to the Company and 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: 

        "83(b)
Election" has the meaning specified in Section 5 of this Agreement. 

        "Agreement"
has the meaning specified in the preamble to this Agreement. 

        "Base
Price" means $[            ]. 

        "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. 

        "Company"
means Liberty Media International, Inc. and any successor (by merger, consolidation, transfer or otherwise) to all or substantially all of its assets. 

        "Determination
Date" means the last day of the ten (10) consecutive trading day period used in the calculation of the applicable Base Price. 

        "Distribution
Date" has the meaning specified in the recitals to this Agreement. 

        "Effective
Date" has the meaning specified in the preamble to this Agreement. 

        "Grantee"
has the meaning specified in the preamble to this Agreement. 

        "Liberty
Media" has the meaning specified in the recitals to this Agreement. 

        "LBTYB"
means the Series B common stock, $.01 par value per share, of the Company and any capital stock of the Company into which the shares of such series may be changed or
converted or for which they may be exchanged.

 

        "Option"
has the meaning specified in Section 2 of this Agreement. 

        "Option
Shares" means the shares of LBTYB purchasable upon exercise of the Option. 

        "Original
Number of Shares" means the aggregate number of Option Shares that would initially be issuable if the Option were exercised in full on the Determination Date, which number
shall be subject to adjustment pursuant to Section 4.2 of the Plan. 

        "Permitted
Transferee" has the meaning specified in Section 8(b) of this Agreement. 

        "Plan"
has the meaning specified in the recitals to this Agreement. 

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

        "Special
Termination Period" has the meaning specified in Section 7(a)(iv) of this Agreement. 

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

        "Termination
Date" means the date upon which the Termination Event occurs. 

        "Termination
Event" means the last to occur of (x) the termination of the Grantee's employment with the Company and its Subsidiaries, (y) the termination of the Grantee's
provision of services to the Company and its Subsidiaries as a consultant, independent contractor or in a similar capacity, and (z) the Grantee's ceasing to be a member of the Board of
Directors of the Company. 

        "Unvested
Portion" has the meaning specified in Section 3 of this Agreement. 

        "Unvested
Shares" has the meaning specified in Section 3 of this Agreement. 

        "Vested
Portion" has the meaning specified in Section 3 of this Agreement. 

        "Vested
Shares" has the meaning specified in Section 3 of this Agreement. 

        "Year
of Continuous Service" has the meaning specified in Section 7(a) of this Agreement. 

        2.    Grant of Options.    Subject to the terms and conditions of this Agreement, pursuant to the Plan, the Company
grants to the Grantee an option to purchase from the Company, at the Base Price per share, [                        ] shares of
LBTYB. The Option granted hereunder is a "Nonqualified
Stock Option" and is hereinafter referred to as the "Option." The Option will be exercisable during the period commencing upon the Close of Business on the Determination Date and expiring at the Close
of Business on the tenth (10th) anniversary of the Distribution Date (the "Term"), subject to earlier termination as provided in Section 7 below. The Base Price per share and the
number of shares issuable upon exercise of the Option are subject to adjustment pursuant to Section 10 below. No fractional shares of LBTYB will be issuable upon exercise of the Option, and the
Grantee will receive, in lieu of any fractional share of LBTYB that the Grantee otherwise would receive upon such exercise, cash equal to the fraction representing such fractional share multiplied by
the Fair Market Value of one share of LBTYB as of the date on which such exercise is considered to occur pursuant to Section 4 below. 

        3.    Vesting and Exercise.    Unless otherwise determined by the Committee in its sole discretion, the Option will
vest and be exercisable only in accordance with the conditions stated in this Section 3.

 

          (i)  Except
as otherwise provided in the last sentence of this Section 3(i), the Option and the Option Shares issued or issuable upon exercise thereof will vest in
accordance with the following schedule: 

	Anniversary of Distribution Date
	 	Percentage of

Original Number of Shares
	 
	First	 	20	%
	Second	 	40	%
	Third	 	60	%
	Fourth	 	80	%
	Fifth	 	100	%

The
portion of the Option that has not vested as of any date of determination is referred to herein as the "Unvested Portion" and the portion of the Option that has vested as of any date of
determination is referred to herein as the "Vested Portion." The term "Vested Shares" as used herein means those Option Shares that have been issued upon exercise of a Vested Portion of the Option
and/or those Option Shares that have vested after issuance and on or prior to the date of determination, whether pursuant to the foregoing schedule or the other terms of this Agreement or the Plan.
The term "Unvested Shares" as used herein means those Option Shares that were issued upon exercise of an Unvested Portion of the Option and have not thereafter vested as of the date of determination.
If the Option is exercised in part prior to the complete vesting thereof, the foregoing vesting schedule will apply first to the Option Shares issued upon exercise in the order of issuance thereof and
then to the unexercised portion of the Option. Notwithstanding the foregoing, (i) if a Termination Event occurs by reason of the Grantee's death or Disability, all then Unvested Shares and any
Unvested Portion of the Option will vest in full on the Termination Date, (ii) if a Termination Event occurs without Cause (as determined in the sole discretion of the Committee) and other than
as a result of the Grantee's
resignation or retirement, any Unvested Shares and/or Unvested Portion of the Option that would have vested during the remainder of the calendar year in which the Termination Event occurred will vest
on the Termination Date and (iii) in the event of any Approved Transaction, Board Change or Control Purchase (other than a Control Purchase from the Grantee), all then Unvested Shares and any
Unvested Portion of the Option will vest in full on the date on which such event occurs, unless in the case of an Approved Transaction, the Committee has determined in compliance with the requirements
of Section 11.1(b) of the Plan that outstanding Awards under the Plan held by senior executives of the Company generally will not vest or become exercisable on an accelerated basis. 

         (ii)  Subject
to Section 7 of this Agreement, including the Company repurchase rights set forth therein, the Option will become exercisable upon the Close of Business
on the Determination Date and may be exercised thereafter in whole or in part (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 Option and that the exercise by the Grantee of the Option 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. 

        4.    Manner of Exercise.    The Option will be considered exercised (as to the number of Option Shares specified in
the notice referred to in Section 4(i) below) on the latest of (x) the date of exercise designated in the written notice referred to in Section 4(i) below,
(y) if the date so designated is not a

 
Business Day, the first Business Day following such date, or (z) the earliest Business Day by which the Company has received all of the following: 

          (i)  written
notice, 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 Option Shares to be purchased; 

         (ii)  payment
of the Base Price for each Option Share to be purchased in any (or a combination) of the following forms: (A) cash, (B) check or (C) with
respect to any Option Shares that upon issuance will be Vested Shares, the delivery, together with a properly executed exercise notice, of irrevocable instructions to a broker to deliver promptly to
the Company the amount of sale or loan proceeds required to pay the purchase price (and, if applicable the Required Withholding Amount, as described in Section 5 below); and 

        (iii)  any
other documentation that the Committee may reasonably require. 

        5.    Mandatory Withholding for Taxes.    The Grantee acknowledges and agrees that upon exercise by the Grantee of a
Vested Portion of the Option or if the Grantee makes an election under Section 83(b) of the Code (an "83(b) Election") in connection with the exercise of an Unvested Portion of the Option, the
Company will deduct from the shares of LBTYB otherwise deliverable upon exercise of the Option that number of shares of LBTYB (valued at their Fair Market Value on the date of exercise) that is equal
to the amount of all federal, state and local taxes required to be withheld by the Company upon such exercise, as determined by the Committee (the "Required Withholding Amount"). If the Grantee elects
to make payment by delivery of irrevocable instructions to a broker to deliver promptly to the Company the amount of sale or loan proceeds required to pay the purchase price, such instructions may
also include instructions to deliver the Required Withholding Amount to the Company. In such case, the Company will notify the broker promptly of the Committee's determination of the Required
Withholding Amount. Upon the vesting of any Unvested Shares as to which the Grantee has not made an 83(b) Election, the Grantee (or a beneficiary designated in accordance with Section 8 of this
Agreement) shall remit to the Company the amount of all federal, state and local taxes required to be withheld by the Company with respect to the vesting of such Option Shares, unless provisions to
pay such withholding taxes have been made to the satisfaction of the Committee. Upon the payment of any cash dividends with respect to Unvested Shares prior to the vesting thereof, the amount of such
dividends shall be reduced to the extent necessary to satisfy any withholding tax requirements applicable thereto prior to payment to the Grantee. 

        6.    Payment or Delivery by the Company.    As soon as practicable after receipt of all items referred to in
Section 4 of this Agreement, and subject to the withholding referred to in Section 5 of this Agreement, the Company will deliver or cause to be delivered to the Grantee
(i) certificates issued in the Grantee's name for the number of shares of LBTYB purchased by exercise of the Option, and (ii) any cash payment to which the Grantee is entitled in lieu of
a fractional share of LBTYB, as provided in Section 2 above. Any delivery of shares of LBTYB will be deemed effected for all purposes when certificates representing such shares have been
delivered personally to the Grantee or, if delivery is by mail, when the stock transfer agent of the Company has deposited the certificates in the United States mail, addressed to the Grantee, and any
cash payment will be deemed effected when a check from the Company, payable to the Grantee and in the amount equal to the amount of the cash payment, has been delivered personally to the Grantee or
deposited in the United States mail, addressed to the Grantee. Until the vesting thereof, certificates representing Unvested Shares and any securities issued or delivered as dividends or distributions
with respect to such Unvested Shares shall bear a restrictive legend to the effect that ownership of the Unvested Shares (and such other securities) and the enjoyment of all rights appurtenant thereto
are subject to the restrictions, terms and conditions provided in the Plan and this Agreement. If so determined by the Committee, such certificates shall remain in the custody of the Company or if
theretofore delivered to Grantee shall at the request of the

 
Committee be deposited with the Company until the vesting thereof, and the Grantee shall execute and deliver to the Company such stock powers or other instruments of assignment, each endorsed in
blank, so as to permit retransfer to the Company of all or any portion of the Unvested Shares represented thereby (and such other securities) upon exercise of the Company's repurchase rights pursuant
to Section 7 of this Agreement. 

        7.    Early Termination of Option; Company Right to Repurchase.    (a) Unless otherwise determined by the
Committee in its sole discretion, upon the occurrence of a Termination Event the Option will terminate, prior to the expiration of the Term, at the time specified below: 

          (i)  Subject
to Section 7(a)(ii) below, if a Termination Event occurs as a result of the resignation or retirement of the Grantee, then (x) the Unvested
Portion of the Option will terminate on the Termination Date and (y) the Vested Portion of the Option will terminate at the Close of Business on the first Business Day following the expiration
of the 90-day period which began on the Termination Date. 

         (ii)  (A)
If the Termination Event results from the Grantee's death or the Grantee dies prior to the expiration of a period of time following the Termination Date during
which the Vested Portion of the Option remains exercisable as provided in Section 7(a)(i) or Section 7(a)(iii) of this Agreement, as applicable, the Vested Portion of the
Option 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 (B) if the
Grantee dies prior to the expiration of a period of time following the Termination Date during which the Vested Portion of the Option remains exercisable as provided in
Section 7(a)(iv) below, the Vested Portion of the Option will terminate at the Close of Business on the first Business Day following the later of (x) the expiration of the
one-year period which began on the date of the Grantee's death or (y) the expiration of the Special Termination Period. 

        (iii)  Subject
to Section 7(a)(ii) above, if the Termination Event results from the Grantee's Disability, then the Option will terminate at the Close of
Business on the first Business Day following the expiration of the one-year period which began on the Termination Date. 

        (iv)  If
a Termination Event occurs without Cause (as determined in the sole discretion of the Committee) and other than as a result of the Grantee's death, Disability,
resignation or retirement, then (x) the Unvested Portion of the Option will terminate on the Termination Date and (y) the Vested Portion of the Option 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 Termination Date 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. A "Year of Continuous Service" means a consecutive
12-month period, measured by the Distribution Date and the anniversaries of that date, during which the Grantee is employed by the Company or a Subsidiary or provides services to the
Company or a Subsidiary as a consultant, independent contractor or in a similar capacity or serves as a director of the Company without interruption. For purposes of determining the Grantee's Years of
Continuous Service, the Grantee's employment with the Company's former parent, Liberty Media, and any predecessor of Liberty Media will be included. 

         (v)  If
a Termination Event occurs as a result of Cause, then the Option, including any Vested Portion thereof, will terminate on the Termination Date. 

        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 Option will in any event
terminate upon the expiration of the Term. In any event in which the Vested Portion of the Option

 
remains exercisable for a period time following the Termination Date, the determination of the portion of the Option that is the Vested Portion will be made in accordance with Section 3 of this
Agreement as of the Termination Date. 

        (b)   If
a Termination Event occurs, the Company shall have the right, exercisable by written notice delivered to the Grantee within thirty (30) days after the
Termination Date, to repurchase all of the Unvested Shares on the terms and conditions set forth herein for an aggregate purchase price, payable in cash, equal to the aggregate amount paid by the
Grantee to purchase such shares upon exercise of the Option. To the extent that any cash, securities or other property have been paid or distributed in respect of the Unvested Shares (whether as a
dividend, distribution, upon reclassification or otherwise) prior to the repurchase thereof by the Company, such cash, securities or other property shall, except to the extent otherwise determined by
the Committee in its sole discretion, be paid or delivered by the Grantee to the Company together with the Unvested Shares without the payment of any additional consideration therefor to the Grantee.
In the event of the distribution of warrants, rights or similar securities with respect to the Unvested Shares prior to the repurchase thereof, then unless otherwise determined by the Committee at the
time of such distribution, the Company will also have the right to repurchase the securities acquired by the Grantee upon the exercise thereof for an aggregate purchase price equal to the aggregate
amount paid by the Grantee to exercise such warrants, rights or other securities, together with such interest thereon as the Committee may determine. The closing of the repurchase hereunder shall
occur at the Company's principal executive offices on such date and at such time as the Company shall specify in the repurchase notice, provided that, unless otherwise agreed by the Grantee, the
closing shall in any event occur within 15 Business Days following the date the Company's repurchase notice is given to the Grantee. At the closing, the Grantee shall deliver the Unvested Shares,
cash, securities and other property to be repurchased, free and clear of any liens, claims, pledges, security interests or other encumbrances, other than those created by the Company. The Grantee
acknowledges and agrees that the decision whether to exercise the rights of repurchase set forth in this Section 7(b) shall be at the sole discretion of the Committee. 

        (c)   In
the event that the Committee, pursuant to the Plan, accelerates the vesting or exercisability of outstanding Awards generally or of outstanding Awards held by senior
executives of the Company generally or amends or modifies the terms upon which outstanding Awards are to vest or become exercisable, the Committee shall make corresponding amendments and modifications
to the terms hereof relating to the vesting of the Option and any Unvested Shares issued upon the exercise thereof. 

        8.    Restrictions.    (a) During the Grantee's lifetime, the Option is not transferable (voluntarily or
involuntarily) other than pursuant to a Domestic Relations Order and, except as otherwise required pursuant to a Domestic Relations Order, is exercisable only by the Grantee or the Grantee's court
appointed legal representative. The Grantee may designate a beneficiary or beneficiaries to whom the Option 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 the form annexed hereto as Exhibit B or such other 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
Option will pass by will or the laws of descent and distribution. Following the Grantee's death, the Option, if otherwise exercisable, may be exercised by the person to whom such option or right
passes according to the foregoing and such person will be deemed the Grantee for purposes of any applicable provisions of this Agreement.

 

        (b)   Neither
the Grantee nor any Permitted Transferee may sell, assign, transfer, pledge, encumber or dispose of any Unvested Shares (or securities issued in respect thereof)
prior to the vesting thereof except (i) with the prior written consent of the Committee, to any person or entity, or (ii)(A) to a trust or similar arrangement established primarily for the
benefit of the Grantee or the Grantee's immediate family members, (B) to the spouse or any lineal descendant of the Grantee or (C) to an entity that is controlled by the Grantee and that
continues to be controlled by the Grantee at all times while such entity owns any Unvested Shares, with "control" meaning the possession, direct or indirect, of the power to direct or cause the
direction of the management and policies of an entity, whether through the ownership of voting securities, by contract or otherwise (any person or entity described in clause (i) or
clause (ii) of this Section 8(b), a "Permitted Transferee"), so long as any such sale, assignment, transfer, pledge, encumbrance or disposition does not subject the Company to any
additional legal requirements or restrictions or to any liability or obligation and provided that any Unvested Shares transferred to a Permitted Transferee of the Grantee will continue to be subject
to the provisions of this Agreement. Any Permitted Transferee of Unvested Shares shall, with respect to such Unvested Shares, be deemed the Grantee for purposes of the exercise by the Company of its
repurchase rights pursuant to Section 7(b) of this Agreement. 

        9.    No Stockholder Rights.    Prior to the exercise of the Option in accordance with the terms and conditions set
forth in this Agreement, the Grantee will not be deemed for any purpose to be, or to have any of the rights of, a stockholder of the Company with respect to any Option Shares, nor will the existence
of this Agreement affect in any way the right or power of the Company or any stockholder of the Company to accomplish any corporate act, including, without limitation, the acts referred to in
Section 11.16 of the Plan. 

        10.    Adjustments.    If the outstanding shares of LBTYB are subdivided into a greater number of shares (by stock
dividend, stock split, reclassification or otherwise) or are combined into a smaller number of shares (by reverse stock split, reclassification or otherwise), or if the Committee determines that any
stock dividend, extraordinary cash dividend, reclassification, recapitalization, reorganization, split-up, spin-off, combination, exchange of shares, warrants or rights
offering, or other similar corporate event (including mergers or consolidations, other than those which
constitute Approved Transactions, which shall be governed by Section 11.1(b) of the Plan) affects shares of LBTYB such that an adjustment is required to preserve the benefits or potential
benefits intended to be made available under this Agreement, then the Option will be subject to adjustment (including, without limitation, as to the number of Option Shares and the Base Price per
share of such Option) 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
this Section 10 following the Distribution Date. 

        11.    Restrictions Imposed by Law.    Without limiting the generality of Section 11.8 of the Plan, the Grantee
will not exercise the Option, and the Company will not be obligated to issue or cause to be issued any shares of LBTYB, 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 LBTYB 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 Option or the resulting issuance of shares of
LBTYB to comply with any such law, rule, regulation or agreement. 

        12.    Non-Compete.    The Grantee agrees that through the Termination Date and for a period of two
(2) years following the Termination Date, unless the applicable Termination Event results from a change in control of the Company, the Grantee will not, directly or indirectly, as principal or
agent, or in any other capacity, own, manage, operate, participate in or be employed by or otherwise be

 
interested in, or connected in any manner with, any person, firm, corporation or other enterprise (other than Liberty Media, any successor thereto and any subsidiary of Liberty Media or any successor
thereto) which directly competes in a material respect with the business of the Company or any of its majority-owned subsidiaries as it is conducted while the Grantee is subject to the restrictions
set forth in this Section 12. Nothing herein contained shall be construed as denying the Grantee the right to own securities of any such corporation which is listed on a national securities
exchange or The Nasdaq Stock Market to the extent of an aggregate of 5% of the amount of such securities outstanding. For purposes of this Section 12, a change in control of the Company will be
considered to have occurred if the group in control of the Company shall no longer include at least one of the following: the Grantee, the family members, estates and heirs of the Grantee and any
trust or other investment vehicle for the primary benefit of any such persons. 

        13.    Notice.    Unless the Company notifies the Grantee in writing of a different procedure, any notice or other
communication to the Company with respect to this Agreement will be in writing and will be delivered personally or sent by United States first class mail, postage prepaid and addressed as follows: 

Liberty
Media International, Inc.

12300 Liberty Boulevard

Englewood, Colorado 80112

Attn: Elizabeth M. Markowski, Esq. 

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 Effective Date, unless the Company has received written notification from the Grantee of a change of address. 

        14.    Amendment.    This Agreement may be supplemented or amended from time to time as approved by the Committee as
contemplated in Section 11.7(b) of the Plan. Without limiting the generality of the foregoing, without the consent of the Grantee, 

          (i)  this
Agreement may be amended or supplemented from time to time as approved by the Committee (A) to cure any ambiguity or to correct or supplement any provision
herein which may be defective or inconsistent with any other provision herein, (B) 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 or the Company's stockholders and, provided, in each case, that such changes or
corrections will not adversely affect the rights of the Grantee with respect to the Award evidenced hereby, and (C) 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 

         (ii)  subject
to any required action by the Board or the stockholders of the Company, the Option 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 Vested Portion of the Option. 

        15.    Grantee Employment.    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 (i) to continue in the employ of the Company or any of its Subsidiaries or interfere in any way with the right of
the Company or any employing Subsidiary to terminate the Grantee's employment at any time, with or without cause, subject to the provisions of any employment agreement between the Grantee

 
and the Company or any Subsidiary or (ii) to continue as a director of the Company or interfere in any way with the right of the Company or its stockholders under applicable law to remove the
Grantee as a director. 

        16.    Nonalienation of Benefits.    Except as provided in Section 8 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.    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. 

        18.    Construction.    References in this Agreement to "this Agreement" and the words "herein," "hereof," "hereunder"
and similar terms include all Exhibits appended hereto. 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. 

        19.    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. 

        20.    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. 

        21.    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. 

        22.    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. 

[Signature
Page Follows] 

 

Signature Page to Non-Qualified Stock Option Agreement

dated                        , 2004 between Liberty Media International, Inc. and Grantee  

	 	 	LIBERTY MEDIA INTERNATIONAL, INC.
	

 	
 	

By:	

	 	 	 	Name:	 
	 	 	 	Title:	 
	

 	
 	

ACCEPTED:
	

 	
 	

By:	

	 	 	 	[Grantee Name, Address and Social Security Number]

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LIBERTY MEDIA INTERNATIONAL, INC. 2004 INCENTIVE PLAN

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Exhibit 10.23  

 
 

LIBERTY JUPITER, INC.
  AMENDED AND RESTATED STOCKHOLDERS' AGREEMENT    
    

        THIS AMENDED AND RESTATED STOCKHOLDERS' AGREEMENT (the "Agreement") is entered into this 21st day of May, 2004, by and among LIBERTY MEDIA
INTERNATIONAL, INC., a Delaware corporation ("LMI"), LIBERTY MEDIA INTERNATIONAL HOLDINGS, LLC, a Delaware limited liability company ("LMINT LLC"), Robert R. Bennett ("Bennett"), Miranda Curtis
("Curtis"), Graham Hollis ("Hollis"), Yasushige Nishimura ("Nishimura"), Liberty Jupiter, Inc., a Delaware corporation (the "Corporation"), and, solely for the purposes of Section 9 of
this Agreement, LIBERTY MEDIA CORPORATION, a Delaware corporation ("LMC"). Each of LMINT LLC, Curtis, Hollis, Nishimura and Bennett is referred to in this Agreement individually as a "Stockholder,"
and are referred to collectively in this Agreement as "Stockholders." 

Recitals  

        The Stockholders own all of the issued and outstanding Class A Shares, Class B Shares and Preferred Shares of the Corporation, as follows: 

	Stockholder
 
	 	Class
	 	Number of Shares
	 	Percentage of

Issued and

Outstanding

in Class
	 
	LMINT LLC	 	Class B Common	 	3,198.00000	 	100.0	%
	 	 	Preferred	 	93,378.87298	 	100.0	%
	

Bennett	
 	

Class A Common	
 	

180.00000	
 	

22.5	
%
	Curtis	 	Class A Common	 	320.00000	 	40.0	%
	Hollis	 	Class A Common	 	200.00000	 	25.0	%
	Nishimura	 	Class A Common	 	100.00000	 	12.5	%

        The
parties to this Agreement other than LMI and LMINT LLC entered into a Stockholders' Agreement (the "Original Agreement") dated April 24, 2000 (the "Effective Date") to provide
for certain conversion and repurchase rights and other matters relating to the relationship among them. The parties desire to substitute LMI for LMC and add LMINT LLC as parties and to amend and
restate the provisions of the Original Agreement. 

        In
consideration of the mutual promises and covenants contained in this Agreement and intending to be legally bound, the parties agree that the Original Agreement shall be amended and
restated in its entirety to provide as follows: 

Agreement  

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

        (a)   "Affiliate"
means, with respect to any Person, any Person that directly or indirectly Controls, is Controlled by, or is under common Control with such Person. 

        (b)   "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. 

        (c)   "Class A
Shares" means Class A common stock, par value $.01 per share, of the Corporation and any security received in exchange or substitution for such
stock. 

        (d)   "Class B
Shares" means Class B common stock, par value $.01 per share, of the Corporation and any security received in exchange or substitution for such
stock.

        (e)   "Control"
means the possession, direct or indirect, of the power to direct or cause the direction of the management and policies of a Person, whether through the
ownership of voting securities, by contract or otherwise. 

        (f)    "Conversion
Notice" means a notice delivered to LMI or to an Investor pursuant to Section 3, specifying the number of Class A Shares the provider of such
notice desires to convert to LBTYA Shares. 

        (g)   "Converted
Shares" has the meaning specified in Section 3(e). 

        (h)   "Effective
Date" has the meaning specified in the recitals to this Agreement. 

        (i)    "Employing
Group" means, as to Bennett, LMC and its Affiliates, and as to each of Hollis, Curtis and Nishimura, LMI and its Affiliates. 

        (j)    "Investor"
means each of Curtis, Hollis, Nishimura and Bennett. 

        (k)   "LBTYA
Share" means a share of Series A Common Stock, par value $.01 per share, of LMI and any security received in exchange or substitution for such a share. 

        (l)    "Non-Vested
Shares" has the meaning specified in Section 4(a) of this Agreement. 

        (m)  "Person"
means a human being or a corporation, partnership, limited liability company, limited liability partnership, trust, unincorporated organization, association or
other entity. 

        (n)   "Preferred
Shares" means shares of preferred stock, $.01 par value per share, of the Corporation and any security received in exchange or substitution of such stock. 

        (o)   "Transfer"
means a sale, exchange, assignment, pledge, grant of a security interest, or other disposition (whether voluntary, involuntary or by operation of law). 

        2. Share Transfer Restrictions. No Investor will directly or indirectly Transfer or agree to Transfer any Class A Shares except
(a) by a Transfer of Class A Shares to LMI for purposes of converting such Class A Shares to LBTYA Shares in accordance with Section 3 below, (b) with the prior
written consent of LMI, (c) (i) to a trust or similar arrangement established primarily for the benefit of such Investor or such Investor's immediate family members, (ii) to the
spouse and lineal descendants of such Investor (including an executor, administrator or personal representative of a deceased Investor for the benefit of such Person), or (iii) to a Person that
is Controlled by the transferring Investor and that continues to be Controlled by the transferring Investor at all times while it owns any Class A Shares, so long as any such Transfer does not
subject LMI or the Corporation to any additional legal requirements or restrictions or to any liability or obligation, or (d) to LMI or the Corporation as provided in Section 4 below. 

        3. Conversion of Class A Shares. LMI and each Investor will have the right to require conversion of Class A Shares into
LBTYA Shares in accordance with the following provisions: 

        (a)   LMI Conversion Right. LMI will have the right, exercisable at any time, by delivery of a Conversion Notice to an
Investor, to require the conversion of all or any part of the Class A Shares held by such Investor into a number of LBTYA Shares having a Fair Market Value equivalent to the Fair Market Value
of the number of Class A Shares being converted. If LMI exercises its right under this Section 3(a) to require the conversion of Class A Shares held by an Investor, LMI
will use commercially reasonable efforts to cause such conversion to be accomplished without the imposition of tax liability on the Investor whose Class A Shares are converted. 

        (b)   Investor Conversion Right. Beginning on the fifth anniversary of the Effective Date, each Investor will have the right,
exercisable by delivery of a Conversion Notice to LMI, to require the conversion of all of the Class A Shares held by such Investor into a number of LBTYA Shares having a Fair Market Value
equivalent to the Fair Market Value of the number of Class A Shares being converted.

        (c)   Conversion Notice Date. The date on which any Conversion Notice pursuant to Section 3(a) or (b) is
delivered is the "Conversion Notice Date." 

        (d)   Fair Market Value of LBTYA Shares. For purposes of this Section 3, the Fair Market Value of an LBTYA Share will be
equal to the last reported sales price of an LBTYA Share on the last trading day immediately preceding the Conversion Notice Date, as reported by the principal U. S. securities exchange on which LBTYA
Shares are traded or, if LBTYA Shares are then traded in the over-the-counter market, as reported by Nasdaq Stock Market or any recognized successor organization. 

        (e)   Fair Market Value of Class A Shares. For purposes of this Section 3, the Fair Market Value of
Class A Shares being converted pursuant to this Section 3 ("Converted Shares") will be determined by agreement between LMI and the Investor whose Class A Shares are being
converted. If LMI and such Investor cannot agree on the Fair Market Value of the Converted Shares within thirty (30) days following the Conversion Notice Date, the Fair Market Value of the
Converted Shares will be determined by a qualified independent appraiser jointly appointed by LMI and the Investor or, if they are unable to agree on an appraiser within thirty-five
(35) days following the Conversion Notice Date, each of LMI and the Investor will appoint a qualified independent appraiser to determine the Fair Market Value of the Converted Shares as of the
Conversion Notice Date. If the Fair Market Value of the Converted Shares as determined by the appraisal indicating the lower value is at least 90% of the Fair Market Value of the Converted Shares as
determined by the appraisal indicating the higher value, the Fair Market Value of the Converted Shares will be deemed to be the average of the two values. If the Fair Market Value of the Converted
Shares as determined by the appraisal indicating the lower value is less than 90% of the Fair Market Value of the Converted Shares as determined by the appraisal indicating the higher value, the two
appraisers performing such valuations will appoint a third appraiser, whose determination of Fair Market Value will control. LMI will bear the cost of any appraiser appointed by it. The Investor will
bear the cost of any appraiser appointed by the Investor. Each of LMI and the Investor will bear one-half of the cost of any appraiser appointed jointly by LMI and the Investor or by the
appraisers appointed respectively by LMI and the Investor. Notwithstanding the foregoing, if a determination of Fair Market Value of Converted Shares has been made by independent appraisal under this
Section 3(e) within thirty (30) days preceding the Conversion Notice Date, then the result of such appraisal process will determine the Fair Market Value of Converted Shares if
LMI and the Investor are unable to agree on Fair Market Value within thirty (30) days following the Conversion Notice Date. 

        (f)    Representations of Investors Upon Conversion. Immediately prior to any conversion of such Investor's Class A
Shares to LBTYA Shares and as a condition to such conversion, the applicable Investor will provide to LMI such written representations, warranties and opinions of counsel as are reasonably deemed
necessary by LMI to establish compliance with applicable securities laws and regulations. 

        (g)   Delivery of Shares. LMI will deliver LBTYA Shares to the Investor, and the Investor will deliver Class A Shares to
LMI at a time and place mutually agreeable to Investor and LMI, provided however, if LMI and Investor are unable to agree as to such time and place, the closing will occur at the offices of LMI on the
later of (i) ten (10) Business Days following the Conversion Notice Date or, if a determination of the Fair Market Value of the Class A Shares is necessary pursuant to this
Section 3, ten (10) Business Days following the completion of such determination. 

        4. Repurchase of Class A Shares or LBTYA Shares.

        (a)   Repurchase Right. Upon the termination of an Investor's employment with (or, in the case of Nishimura, termination of his
provision of consulting services to) his or her Employing Group (i) by the Employing Group for any reason or (ii) by the Investor for any reason on or prior to the fifth anniversary of
the Effective Date (the date of such termination being referred to as the

"Termination Date"), the Corporation will have the right (but not the obligation) to purchase from the Investor the following number of Class A Shares ("Non-Vested Shares"): 

	Investor
	 	Non-Vested Shares

	Bennett	 	45
	Curtis	 	80
	Hollis	 	50
	Nishimura	 	25

        As
to each Investor, the number of Non-Vested Shares equals 25% of the Class A Shares held by such Investor on the Effective Date. Notwithstanding the foregoing, if,
as of the Termination Date, the Investor holds any LBTYA Shares that were issued in exchange for Converted Shares and the number of Class A Shares held by such Investor is less than the number
of Non-Vested Shares of such Investor (the amount of such deficiency being referred to herein as the "Shortfall Number"), then LMI will have the right (but not the obligation) to purchase
from the Investor the number of LBTYA Shares that were issued in exchange for a number of Class A Shares equal to the Shortfall Number. With respect to the repurchase of LBYTA Shares pursuant
to this Section 4(a), the number of LBYTA Shares that were issued in exchange for a Class A Share will be treated as one Non-Vested Share for all purposes of this
Section 4(a). 

        The
Corporation or LMI, as the case may be, may exercise the repurchase right provided under this Section 4(a) by delivering a notice ("Exercise Notice") to the Investor
within ninety (90) days after the Termination Date. The purchase price for such Non-Vested Shares will be an amount equal to the sum of (x) $1,000 multiplied by the number of
Non-Vested Shares so purchased (the "Base Amount"), adjusted as provided in Section 4(b) below, plus (y) 6% per annum from the Effective Date to the Termination Date
(compounded annually) on the Base Amount. If LMI and/or the Corporation does not deliver an Exercise Notice under this Section 4(a) within the time permitted, LMI and/or the Corporation,
as applicable, will be deemed to have elected not to exercise its repurchase right under this Section 4(a). If LMI and/or the Corporation elects to exercise its repurchase right under this
Section 4(a), the Investor will be obligated to Transfer to LMI or the Corporation, as applicable, free and clear of any lien, claim or encumbrance, such Non-Vested Shares as to
which the repurchase right has been exercised against payment of the purchase price therefor. The closing of any purchase and sale pursuant to this Section 4 will occur at the offices of LMI on
a Business Day and at a time selected by LMI or the Corporation that is not earlier than ten (10) nor later than fifteen (15) days following the delivery of the Exercise Notice to the
Investor by LMI and/or the Corporation, unless the parties otherwise agree. 

        (b)   Adjustment. Each of the number of Class A Shares and the number of LBTYA Shares used in determining the number of
Non-Vested Shares held by an Investor and the $1,000 figure used in computing the Base Amount under Section 4(a) above will be appropriately adjusted to reflect any stock dividend,
stock split, reverse stock split, merger, consolidation, recapitalization, reclassification or other similar transaction affecting the Class A Shares or the LBTYA Shares, as applicable. 

        5. Death; Permanent Disability. Notwithstanding any other provision of this Agreement, if an Investor dies or becomes Permanently
Disabled, all Class A Shares owned by such Investor immediately will become convertible into LBTYA Shares at the election of such Investor or, in the case of a deceased Investor, by his or her
personal representative, and none of such Class A Shares or LBTYA Shares will be Non-Vested Shares for purposes of Section 4. For purposes of this Section 5, an
Investor will be considered Permanently Disabled if he or she has been unable to substantially fulfill his or her employment or consulting duties with his or her Employing Group on a continuous basis
for a period of 180 days, as evidenced by certificates executed and delivered to the Corporation by two medical doctors licensed to practice medicine in the state in which the Permanently
Disabled Investor resides. 

        6. Additional Funding. If the Corporation is or becomes obligated to contribute additional capital to Jupiter Telecommunications
Co., Ltd., LMINT LLC covenants and agrees that it will make available to

the Corporation up to $10,000,000 to make such additional contribution. At the election of LMINT LLC, such funds will be provided to the Corporation through (a) a contribution in exchange for
the issuance of additional Preferred Shares, (b) a loan to the Corporation, which loan will be evidenced by a promissory note bearing a market rate of interest and having a term not in excess
of three years, or (c) some combination of the foregoing. The parties agree that, as of the date of this Agreement, LMINT LLC will be deemed to have contributed to the Corporation
$3,043,199 of such $10,000,000 amount, being the total of the amounts, $3,041,475 and $1,724, contributed in May, 2000 and September, 2000, respectively, by LMC as LMINT LLC's
predecessor-in-interest. 

        7. Endorsements on Stock Certificates.

        (a)   Class A Shares. All certificates representing the Class A Shares will be endorsed with the following
legends: 

"THE
STOCK REPRESENTED BY THIS CERTIFICATE IS SUBJECT TO THE TERMS OF AN AMENDED AND RESTATED STOCKHOLDERS' AGREEMENT AMONG THE CORPORATION AND ITS STOCKHOLDERS DATED MAY 21, 2004 (THE
"AGREEMENT"), WHICH AGREEMENT, AMONG OTHER THINGS, CONTAINS RESTRICTIONS ON TRANSFER AND CERTAIN REPURCHASE RIGHTS WITH RESPECT TO SUCH STOCK. A COPY OF THE AGREEMENT IS ON FILE WITH THE CORPORATION,
AND ANY ATTEMPTED TRANSFER OR PLEDGE IN VIOLATION OF THE TERMS OF SUCH AGREEMENT IS NULL AND VOID. SUCH AGREEMENT MAY BE INSPECTED AT THE PRINCIPAL OFFICE OF THE CORPORATION DURING NORMAL
BUSINESS HOURS. 

THESE
SECURITIES HAVE NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933 (THE "ACT") OR THE SECURITIES LAWS OF ANY STATE AND HAVE BEEN PURCHASED FOR INVESTMENT PURPOSES. THEY MAY NOT BE
OFFERED OR SOLD UNLESS SUBSEQUENTLY REGISTERED UNDER THE ACT AND ALL APPLICABLE STATE SECURITIES LAWS OR UNLESS EXEMPTION FROM THE REGISTRATION REQUIREMENTS THEREOF ARE AVAILABLE FOR THE TRANSACTION,
AS ESTABLISHED TO THE SATISFACTION OF THE COMPANY, BY OPINION OF COUNSEL OR OTHERWISE." 

        Each
Investor agrees that, upon signing this Agreement, he or she will surrender to the Corporation any certificates such Investor holds representing Class A Shares for the
purpose of reissuing such certificates with the above legend affixed. 

        (b)   LBTYA Shares. All certificates representing LBTYA Shares into which any Class A Shares are converted will be
endorsed with the following legend: 

THESE
SECURITIES HAVE NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933 (THE "ACT") OR THE SECURITIES LAWS OF ANY STATE AND HAVE BEEN PURCHASED FOR INVESTMENT PURPOSES. THEY MAY NOT BE
OFFERED OR SOLD UNLESS SUBSEQUENTLY REGISTERED UNDER THE ACT AND ALL APPLICABLE STATE SECURITIES LAWS OR UNLESS EXEMPTION FROM THE REGISTRATION REQUIREMENTS THEREOF ARE AVAILABLE FOR THE TRANSACTION,
AS ESTABLISHED TO THE SATISFACTION OF THE COMPANY, BY OPINION OF COUNSEL OR OTHERWISE." 

        8. Miscellaneous.

        (a)   Notices. All notices and other communications given hereunder shall be in writing and shall be addressed as follows: 

        If
to LMI: 

Liberty
Media International, Inc.

12300 Liberty Boulevard

Englewood, CO 80112

Attn: Elizabeth M. Markowski, Esq.

Telecopy: 720-875-5858 

        If
to LMINT LLC: 

Liberty
Media International Holdings, LLC

12300 Liberty Boulevard

Englewood, CO 80112

Attn: Elizabeth M. Markowski, Esq.

Telecopy: 720-875-5858

        If
to the Corporation: 

Liberty
Jupiter, Inc.

12300 Liberty Boulevard

Englewood, CO 80112

Attn: Elizabeth M. Markowski, Esq.

Telecopy: 720-875-5382

If
to an Investor, at the address specified for such Investor on Schedule 8(a) of this Agreement 

        Any
notice given in accordance with this Section 8(a) will be deemed to have been given (a) on the date of receipt if personally delivered, (b) five
(5) days after being sent by U.S. mail, postage prepaid, (c) the date of receipt, if sent by registered or certified U.S. mail, postage prepaid, (d) one (1) Business Day
after receipt, if sent by confirmed facsimile or telecopier transmission or (e) one (1) Business Day after having been sent by a nationally recognized overnight courier service, provided
that any notice of a change of notice address by any party will be deemed given as to any other party only upon actual receipt by such other party. In computing time periods, the day of the notice
will be included. 

        (b)   Binding Agreement. This Agreement constitutes the entire agreement among the parties with respect to the subject matter
hereof, and may not be modified except by a writing executed by all parties hereto, and no waiver of any provision of this Agreement shall in any event be effective unless the same shall be in writing
and signed by the party against whom such waiver is sought to be enforced, and then such waiver or consent shall be effective only in the specific instance and for the specific purpose for which
given. This Agreement shall be binding upon, and inure to the benefit of, the parties and their respective successors and assigns. 

        (c)   Governing Law. The provisions of this Agreement shall be construed and interpreted, and all rights and obligations of the
parties hereto determined, in accordance with the internal laws of the State of Colorado. Each party hereby 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 such Investor may have based on inconvenience of the forum. 

        (d)   Severability. Whenever possible each provision of this Agreement shall be interpreted in such manner as to be effective
and valid under applicable law, but if any provision of this Agreement shall be prohibited or invalid under such law, such provision shall be ineffective only to the extent of such prohibition or
invalidity, without invalidating the remainder of such provision of this Agreement.

        (e)   Interpretation; Headings. The headings of the Sections of this Agreement have been inserted for convenience of
reference only and will not be deemed to be a part of this Agreement or to affect its interpretation. Whenever the context may require, any pronouns used herein will include the corresponding
masculine, feminine or neuter forms, and the singular form of names and pronouns will include the plural and vice versa. 

        (f)    Counterparts.
This Agreement may be executed in any number of counterparts, each of which shall be deemed to be an original and all of which, when taken together, shall
constitute one and the same instrument, and each of the parties hereto may execute this Agreement by signing any such counterpart. 

        9. Substitution of Party. The parties to this Agreement, including LMC, agree that LMI is hereby substituted for LMC as a party for all
purposes under this Agreement and that LMC is relinquishing all of its rights, and is being relieved of all of its obligations, under the Original Agreement. 

*
* * * * 

        IN
WITNESS WHEREOF, the undersigned have hereunto set their hands, by and through their duly authorized signatories, as of the day and year first above written. 

	

 	
 	

LIBERTY MEDIA INTERNATIONAL, INC.
	

 	
 	

By:	
 	

/s/  ELIZABETH M. MARKOWSKI      
 Elizabeth M. Markowski

Senior Vice President
	

 	
 	

LIBERTY MEDIA INTERNATIONAL HOLDINGS, LLC
	

 	
 	

By:	
 	

/s/  ELIZABETH M. MARKOWSKI      
 Elizabeth M. Markowski

Senior Vice President
	

 	
 	

/s/  ROBERT R. BENNETT      
 Robert R. Bennett
	

 	
 	

/s/  MIRANDA CURTIS      
 Miranda Curtis
	

 	
 	

/s/  GRAHAM HOLLIS      
 Graham Hollis
	

 	
 	

/s/  YASUSHIGE NISHIMURA      
 Yasushige Nishimura
	

 	
 	

LIBERTY JUPITER, INC.
	

 	
 	

By:	
 	

/s/  ELIZABETH M. MARKOWSKI      
 Elizabeth M. Markowski

Senior Vice President

        Solely
for purposes of Section 9 hereof: 

	

 	
 	

LIBERTY MEDIA CORPORATION
	

 	
 	

By:	
 	

/s/  ELIZABETH M. MARKOWSKI      
 Elizabeth M. Markowski

Senior Vice President

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LIBERTY JUPITER, INC. AMENDED AND RESTATED STOCKHOLDERS' AGREEMENT

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