Document:

Employment Agreement between the Registrant and Chris Wyatt 3/12/2001

 Exhibit 10.14 
  
 [LETTERHEAD OF BLOCKBUSTER] 
  

			
	 March 12, 2001
	 	CONFIDENTIAL

  
 Mr. Chris Wyatt 
 Blockbuster Entertainment 
 Harefield Place 
 The Drive 
 Uxbridge, Middlesex UB108AQ 
 United Kingdom 
  
 Dear Chris, 
  
 Congratulations on your promotion
to the position of Senior Vice President and President, International. I am happy to formally notify you about this important career advancement opportunity. 
  
 A summary of your new position eligibility is as follows: 
  

	•	 	Your promotion was effective March 1, 2001 

  

	•	 	You will receive a salary of 250,000 BPS per year which includes a promotional increase and a 2001 merit increase. 

  

	•	 	You will be eligible for an annual target performance incentive of 40% of your base salary. Actual payout is based on your personal performance and company performance and can range
from 0% to 80% or your base salary. 

  

	•	 	In 2001 and 2002, you will also be eligible for an additional discretionary incentive of 5% of your base salary tied to personal and unit performance. Payment of this discretionary
incentive will be determined solely by John Antioco and Nigel Travis. 

  

	•	 	BBI stock options at the SVP level, subject to Blockbuster’s Board approval. 

  

	•	 	You will continue to remain eligible for the UK pension, however, the Company’s annual contribution will increase from 10% to 15% of your annual salary for up to the maximum
allowable. 

  

	•	 	A one-year employment agreement, with a three-month employee notice period should you choose to voluntarily terminate your employment, and a nine-month unmitigated and six-month
mitigated severance provision should Blockbuster wish to terminate your employment without cause. 

  

	•	 	Five (5) weeks annual vacation (no change from current plan). 

  

	•	 	Monthly car allowance per the current U.K. auto policy. 

  

	•	 	As previously approved, BBI will cover your expenses for the Harvard Advanced Management Program, beginning in September, 2001 per the original approval letter which is attached.

  
 In addition to the above items. I want to capture some general
understandings that we discussed regarding your new role. We concluded: 
  

	•	 	That you would have full P&L responsibility for International (excluding Canada), however we would continue to roll-up G&A responsibility for all of International, including
Canada to you. 

 Chris Wyatt 
 March 12, 2001 
 Page Two 
  

	•	 	That establishing organizational stability is critical, therefore, we will strive to avoid further resource reductions within international for the next 12 months.

  

	•	 	That we need to strengthen the support base in the U.K., and that you will work to leverage European resources to meet International support needs. 

  

	•	 	That functional Vice Presidents for International (Finance, HR, IT, Legal) would report dotted line to you and straight line to their functional executives in Dallas.

  

	•	 	That we would be flexible with your travel expectations, but you would commit to traveling to the U.S. at least every other month. 

  
 Chris, I believe that this covers all that we agreed upon. I would like to congratulate you
and wish you every success in your new position. 
  

	
	Very truly yours,
	
	 /s/  Nigel Travis

	 Nigel Travis
 President, Worldwide Stores Division
  
 Attachment:  Harvard
Management Memo, 7/7/00Amd. No. 1 to the Amended and Restated Senior Exec. Short-Term Incentive Plan

 Exhibit 10.23 
  
 AMENDMENT NO. 1 TO THE 
 BLOCKBUSTER INC. 
 AMENDED AND RESTATED SENIOR EXECUTIVE SHORT-TERM INCENTIVE PLAN 

 
 This Amendment No. 1 (this “Amendment”) to the Blockbuster Inc.
Amended and Restated Senior Executive Short-Term Incentive Plan (the “Plan”), is dated as of March 8, 2005. 
  
 1.     The Plan is hereby amended and restated as follows: 
  
 The name of the Plan is changed to the “Blockbuster Inc. Senior Executive Annual Performance Bonus Plan” and all
references throughout the Plan to the “Blockbuster Inc. Amended and Restated Senior Executive Short-Term Incentive Plan” are removed and replaced with “Blockbuster Inc. Senior Executive Annual Performance Bonus Plan.” 

 
 2.     Except as expressly provided in this Amendment,
the Plan is not amended, modified or altered in any manner and remains in full force and effect. 
  
 3.     This Amendment was adopted by the Board of Directors of Blockbuster Inc. and became effective on March 8, 2005.Blockbuster Amended and Restated Compensation Plan for Non-Employee Directors

 Exhibit 10.27 
  
 BLOCKBUSTER INC. 
 AMENDED AND RESTATED 
 COMPENSATION PLAN FOR NON-EMPLOYEE DIRECTORS 
 (as amended and restated through March 24, 2005) 
  
 1. Establishment of Plan. 
  
 The Blockbuster Inc. Compensation Plan for Non-Employee Directors (the “Plan”) has been established by Blockbuster Inc. (the
“Company”) for eligible members of the Company’s Board of Directors. 
  
 2. Non-Employee Director Compensation. 
  
 (a)
Annual Retainer. Directors who do not serve as officers or employees of Viacom Inc. or the Company (“Eligible Directors”) are entitled to receive an annual retainer fee, in an amount established from time to time by the
Company’s Board of Directors (the “Annual Retainer”), for membership on the Board of Directors. One-half of the Annual Retainer is payable in shares of the Company’s Class A Common Stock, $0.01 par value per share (“Common
Stock”), that are non-transferable for one year after payment. That number of shares of Common Stock as nearly equal in value to one-fourth of the Annual Retainer will be issued semi-annually as soon as practicable on or after January 1 and
July 1 of each year based on the closing price of a share of Common Stock on the date of issuance. The remaining one-half of the Annual Retainer will be paid in cash in arrears and in semi-annual installments on approximately June 30 and December 31
of each year. 
  
 (b) Meeting Fee. Eligible Directors are
entitled to a per meeting fee for attendance at each meeting of the Board of Directors and for attendance at each committee meeting if such committee meeting is held on a different day from the day of a meeting of the Board of Directors, in such
amounts as established from time to time by the Board of Directors. The meeting fees will be paid as soon as practicable following each meeting. 
  
 (c) Retainer for Committee Chairs. In addition to the compensation set forth above, the Chairs of standing committees of the Board of Directors are
entitled to receive an additional annual cash retainer fee in such amounts as established from time to time by the Board of Directors. The annual cash retainer fees for committee Chairs will be paid in arrears and in semi-annual installments on
approximately June 30 and December 31 of each year. 
  
 (d)
Special Committee Compensation. In addition to the compensation set forth above, the Chair and other members of any special committee of the Board of Directors shall be entitled to receive such compensation as may be determined from time to
time by the Board of Directors. 
  
 3. Shares of Common Stock Subject to the
Plan. 
  
 The total number of shares of Common Stock that may
be distributed under the Plan is 200,000. The shares of Common Stock will be made available from authorized but unissued Common Stock or from Common Stock issued and held in the treasury of the Company. 
  
 4. Amendment and Termination of the Plan. 
  
 The Board of Directors may amend the Plan from time to time as may be deemed
to be in the best interests of the Company, provided that the Board of Directors may not, without approval of the stockholders of the Company, increase the number of shares of Common Stock that may be distributed under the Plan. The Board of
Directors may suspend or terminate the Plan or any portion thereof at any time. Unless previously terminated pursuant to this Section 4, the Plan shall terminate on the tenth anniversary of the Effective Date (as defined below). 
  
 5. General Provisions. 
  
 (a) No Right to Serve as a Director. This Plan does not impose any obligations on the Company to retain any Eligible
Director as a member of the Board of Directors nor does it impose any obligation on the part of any Eligible Director to remain as a member of the Board of Directors of the Company. 
  
 (b) Headings. The headings of sections and subsections herein are included solely for convenience of reference and do
not affect the meaning of any of the provisions of the Plan. 
  

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 (c) Governing Law. The Plan and all rights and obligations hereunder shall be construed in
accordance with and governed by the laws of the State of Delaware. 
  
 (d) Effective Date and Stockholder Approval. The Plan became effective upon its adoption by the Board of Directors and its approval by the stockholders of the Company on July 20, 2004 (the “Effective Date”). 
  

 2Supplement No. 1 to the Guarantee and Collateral Agreement

 Exhibit 10.32 
  
 SUPPLEMENT NO. 1 
  
 SUPPLEMENT NO. 1 dated as of December 22, 2004 (this “Supplement”), to the Guarantee and Collateral Agreement dated as of August 20,
2004, among Blockbuster Inc., a Delaware corporation (the “Borrower”), each subsidiary of the Borrower listed on Schedule I thereto (each such subsidiary individually a “Subsidiary Guarantor” and collectively, the
“Subsidiary Guarantors”; the Borrower and each Subsidiary Guarantor required to pledge Equity Interests under such agreement being referred to herein as the “Grantors”) and JPMORGAN CHASE BANK, N.A., a national
banking corporation formerly known as JPMorgan Chase Bank (“JPMCB”), as Collateral Agent (in such capacity, the “Collateral Agent”). 
  
 A. Reference is made to the Credit Agreement dated as of August 20, 2004 (as amended, supplemented or otherwise modified
from time to time, the “Credit Agreement”), among the Borrower, the lenders from time to time party thereto and, JPMCB, as Administrative Agent. 
  
 B. Capitalized terms used herein and not otherwise defined herein shall have the meanings assigned to such terms in the
Credit Agreement and the Collateral Agreement referred to therein. 
  
 C. The Grantors and Subsidiary Guarantors have entered into the Collateral Agreement in order to induce the Lenders to make Loans and the Issuing Banks to issue Letters of Credit. Section 6.14 of Collateral Agreement provides that
additional Subsidiaries of the Borrower may become Subsidiary Parties under the Collateral Agreement by execution and delivery of an instrument in the form of this Supplement. The undersigned Subsidiary (the “New Subsidiary”) is
executing this Supplement in accordance with the requirements of the Credit Agreement to become a Subsidiary Party under the Collateral Agreement in order to induce the Lenders to make additional Loans and the Issuing Banks to issue additional
Letters of Credit and as consideration for Loans previously made and Letters of Credit previously issued. 
  
 Accordingly, the Collateral Agent and the New Subsidiary agree as follows: 
  
 SECTION 1. In accordance with Section 6.14 of the Collateral Agreement, the New Subsidiary by its signature below becomes a
Subsidiary Party, a Guarantor and, if such New Subsidiary at any time owns any Equity Interests in a Significant Subsidiary, a Grantor under the Collateral Agreement with the same force and effect as if originally named therein as a Subsidiary
Party, and the New Subsidiary hereby (a) agrees to all the terms and provisions of the Collateral Agreement applicable to it, if any, as a Subsidiary Party, Grantor and Guarantor thereunder and (b) represents and warrants that the representations
and warranties made by it as a Grantor, if applicable, and Guarantor thereunder (as supplemented hereby) are true and correct on and as of the date hereof (except to the extent that such representations and warranties are expressly made as of a
particular date, in which event such representations and warranties 

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were true and correct as of such date). In furtherance of the foregoing, the New Subsidiary, as security for the payment in full of the Obligations (as
defined in the Collateral Agreement), does hereby assign, pledge and grant to the Collateral Agent, its successors and assigns, for the benefit of the Secured Parties, their successors and assigns, a security interest in and lien on all of the New
Subsidiary’s right, title and interest in and to the Collateral (as defined in the Collateral Agreement) of the New Subsidiary. Each reference to a “Guarantor” or “Grantor” (if applicable) in the Collateral Agreement shall
be deemed to include the New Subsidiary. The Collateral Agreement is hereby incorporated herein by reference. 
  
 SECTION 2. The New Subsidiary represents and warrants to the Collateral Agent and the other Secured Parties that this Supplement has been duly authorized,
executed and delivered by it and constitutes its legal, valid and binding obligation, enforceable against it in accordance with its terms. 
  
 SECTION 3. This Supplement may be executed in counterparts (and by different parties hereto on different counterparts), each of which shall constitute an
original, but all of which when taken together shall constitute a single contract. This Supplement shall become effective when the Collateral Agent shall have received a counterpart of this Supplement that bears the signature of the New Subsidiary
and the Collateral Agent has executed a counterpart hereof. Delivery of an executed signature page to this Supplement by facsimile transmission shall be as effective as delivery of a manually signed counterpart of this Supplement. 
  
 SECTION 4. The New Subsidiary hereby represents and warrants that as of the
date hereof (a) set forth on Schedule I attached hereto is a true and correct schedule of all Equity Interests owned or held by the New Subsidiary, (b) set forth on Schedule I attached hereto is a true and correct schedule of all Equity Interests
issued by the New Subsidiary, and (c) set forth under its signature hereto is the true and correct legal name of the New Subsidiary, its jurisdiction of organization, the identifying number, if any, assigned to it by such jurisdiction, and the
location of its chief executive office. Schedule I attached hereto shall be attached to Schedule II of the Collateral Agreement and made a part thereof in accordance with Section 3.02(a) of the Collateral Agreement. 
  
 SECTION 5. Except as expressly supplemented hereby, the Collateral Agreement
shall remain in full force and effect. 
  
 SECTION 6. THIS
SUPPLEMENT SHALL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH, THE LAWS OF THE STATE OF NEW YORK. 
  
 SECTION 7. In case any one or more of the provisions contained in this Supplement should be held invalid, illegal or unenforceable in any respect, the
validity, legality and enforceability of the remaining provisions contained herein and in the Collateral Agreement shall not in any way be affected or impaired thereby (it being understood that the invalidity of a particular provision in a
particular jurisdiction shall not in and of itself affect the validity of such provision in any other jurisdiction). The parties 

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hereto shall endeavor in good-faith negotiations to replace the invalid, illegal or unenforceable provisions with valid provisions the economic effect of
which comes as close as possible to that of the invalid, illegal or unenforceable provisions. 
  
 SECTION 8. All communications and notices hereunder shall be in writing and given as provided in Section 6.01 of the Collateral Agreement. 
  
 SECTION 9. The New Subsidiary agrees to reimburse the Collateral Agent for its reasonable out-of-pocket expenses in
connection with this Supplement, including the reasonable fees, other charges and disbursements of counsel for the Collateral Agent. 
  
 IN WITNESS WHEREOF, the New Subsidiary and the Collateral Agent have duly executed this Supplement as of the day and year first above written. 

 

					
	 EJL, INC.

		
	 	 	 by

	 	 	 	 	 /s/ Marilyn R. Post

	 	 	
	 	

	 	 	 	 	 Name: Marilyn R. Post
 Title: Vice President and Secretary

			
	 	 	 	 	 Legal Name: EJL, Inc.

	 	 	 	 	 Jurisdiction of Organization: Oregon

	 	 	 	 	 Identifying Number (if any):
         Registry No. 257607-94

	 	 	 	 	 Location of Chief Executive Office:
         1201 Elm Street, Suite 2100
         Dallas, Texas 75270

  

					
	 JPMORGAN CHASE BANK, N.A.,
 AS COLLATERAL AGENT

			
	 	 	 By
	 	 
	 	 	 	 	 /s/ Barry Bergman

	 	 	
	 	

	 	 	 	 	 Name: Barry Bergman

	 	 	 	 	 Title: Vice President

 Schedule I 
 to the Supplement No. 1 to the 
 Guarantee and 
 Collateral Agreement 
  
 EQUITY INTERESTS 
  

									
	 Issuer

	  	 Number of
 Certificate

	  	 Registered
 Owner

	  	 Number and
 Class of
 Equity Interests

	  	 Percentage
 of Equity Interests

	 EJL, Inc.
	  	1	  	Blockbuster, Inc.	  	1000 common shares	  	100%

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