Document:

exv10w1

 

Exhibit 10.1

LIBERTY JUPITER, INC.

SECOND AMENDED AND RESTATED STOCKHOLDERS’ AGREEMENT

     THIS SECOND AMENDED AND RESTATED STOCKHOLDERS’ AGREEMENT (the “Agreement”) is entered into
this 14th day of August, 2007, by and among LIBERTY GLOBAL, INC., a Delaware corporation (“LGI”),
LGJ HOLDINGS LLC, a Delaware limited liability company (“LGJ Holdings”), Miranda Curtis (“Curtis”),
Graham Hollis (“Hollis”), Yasushige Nishimura (“Nishimura”), Liberty Jupiter, Inc., a Delaware
corporation (the “Corporation”), and, solely for the purposes of Section 7 of this Agreement,
LIBERTY MEDIA INTERNATIONAL, INC., a Delaware corporation (“LMI”), and LIBERTY MEDIA INTERNATIONAL
HOLDINGS, LLC, a Delaware limited liability company (“LMINT LLC”). Each of LGJ Holdings, Curtis,
Hollis and Nishimura 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 Shares of the Corporation, as follows:

	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	Percentage of
	 	 	 	 	 	 	 	 	Issued and
	 	 	 	 	 	 	 	 	Outstanding
	Stockholder	 	Class	 	Number of Shares	 	in Class
	 
	LGJ Holdings
	 	Class A Common	 	 	230.00000	 	 	 	28.75	%
	 
	 	Class B Common	 	 	3,198.00000	 	 	 	100.00	%
	 
	 	Class C Common	 	 	2.00000	 	 	 	100.00	%
	 
	 	Preferred	 	 	93,378.87298	 	 	 	100.00	%
	 
	Curtis
	 	Class A Common	 	 	320.00000	 	 	 	40.00	%
	 
	Hollis
	 	Class A Common	 	 	200.00000	 	 	 	25.00	%
	 
	Nishimura
	 	Class A Common	 	 	50.00000	 	 	 	6.25	%

     The parties to this Agreement other than LGI and LGJ Holdings entered into a Amended and
Restated Stockholders’ Agreement (the “2004 Agreement”) dated May 21, 2004 with Robert R. Bennett,
a former stockholder of the Corporation, to provide for certain exchange and repurchase rights and
other matters relating to the relationship among them. Since that date, LGJ Holdings has acquired
all of the Shares formerly held by LMINT LLC and Robert R. Bennett and certain of the Shares
formerly held by Nishimura. The parties hereto desire to substitute LGI and LGJ Holdings for LMI
and LMINT LLC, respectively, as parties and to amend and restate the provisions of the 2004
Agreement.

 

 

     In consideration of the mutual promises and covenants contained in this Agreement and
intending to be legally bound, the parties agree that the 2004 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) “Class C Shares” means Class C common stock, par value $.01 per share, of the Corporation
and any security received in exchange or substitution for such stock.

          (f) “Common Shares” means any of the Class A Shares, the Class B Shares, and the Class C
Shares.

          (g) “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.

          (h) “Exchange Notice” means a notice delivered to LGI or to an Investor pursuant to Section 3,
specifying the number of Class A Shares the provider of such notice desires to exchange for LBTYA
Shares.

          (i) “Exchanged Shares” has the meaning specified in Section 3(e).

          (j) “Fair Market Value” means the cash price at which a willing seller would sell and a
willing buyer would buy, both having full knowledge of the relevant facts and being under no
compulsion to sell, in an arm’s-length transaction without time constraints, determined, as to any
LBTYA Shares, in accordance with Section 3(d) below and, as to any Class A Shares, in accordance
with Section 3(e) below.

          (k) “Investor” means each of Curtis, Hollis and Nishimura.

 

 

          (l) “Loan Facility” means the proposed JPY 85,000,000,000 Senior Secured Term Loan Facility
that LGJ Holdings is negotiating as of the date of this Agreement with Citibank, N.A., Tokyo
Branch, as Sole Lead Arranger and Sole Book Runner and as Administrative Agent.

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

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

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

          (p) “Shares” means any of the Class A Shares, the Class B Shares, the Class C Shares and the
Preferred Shares.

          (q) “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 LGJ Holdings for purposes
of exchanging such Class A Shares for LBTYA Shares in accordance with Section 3 below, (b) with
the prior written consent of LGI, or (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 LGI, LGJ Holdings or the Corporation to any additional legal requirements or restrictions
or to any liability or obligation. Any attempted Transfer of Class A Shares by an Investor other
than in accordance with this Section 2 will be void ab initio. Any Person to whom Class A Shares
are transferred in accordance with clause (b) or (c) of this Section 2 automatically will be
substituted for the transferring Investor as a party to this Agreement with respect to such Class A
Shares as of the effective time of such Transfer and thereafter shall be considered an Investor for
all purposes of this Agreement.

     3. Exchange of Class A Shares. LGI and each Investor will have the right to require the exchange
of Class A Shares for LBTYA Shares in accordance with the following provisions:

          (a) LGI Exchange Right. LGI will have the right, exercisable by delivery of a Exchange
Notice to an Investor, to require the exchange of all or any part of the Class A Shares held by
such Investor for a number of LBTYA Shares having a Fair Market Value equivalent to the Fair Market
Value of the number of Class A Shares being exchanged. If LGI exercises its right under this
Section 3(a) to require the exchange of Class A Shares held by an Investor, LGI

 

 

will use commercially reasonable efforts to cause such exchange to be accomplished without the
imposition of tax liability on the Investor whose Class A Shares are exchanged.

          (b) Investor Exchange Right. Each Investor (or, in the case of a deceased Investor, his or
her personal representative) will have the right, exercisable by delivery of a Exchange Notice to
LGI, to require the exchange of all of the Class A Shares held by such Investor for a number of
LBTYA Shares having a Fair Market Value equivalent to the Fair Market Value of the number of Class
A Shares being exchanged.

          (c) Exchange Notice Date. The date on which any Exchange Notice pursuant to Section 3(a)
or (b) is delivered is the “Exchange 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 Exchange 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 exchanged pursuant to this Section 3 (“Exchanged Shares”) will be
determined by agreement between LGI and the Investor whose Class A Shares are being exchanged. If
LGI and such Investor cannot agree on the Fair Market Value of the Exchanged Shares within thirty
(30) days following the Exchange Notice Date, the Fair Market Value of the Exchanged Shares will be
determined by a qualified independent appraiser jointly appointed by LGI and the Investor or, if
they are unable to agree on an appraiser within thirty-five (35) days following the Exchange Notice
Date, each of LGI and the Investor will appoint a qualified independent appraiser to determine the
Fair Market Value of the Exchanged Shares as of the Exchange Notice Date. Any guarantee of, or
pledge of assets as collateral for, the Loan Facility by the Corporation will not be taken into
account in any determination of the Fair Market Value of the Exchanged Shares, and LGI and the
Investor shall so instruct any appraiser appointed pursuant to this Section 3(e). If the Fair
Market Value of the Exchanged Shares as determined by the appraisal indicating the lower value is
at least 90% of the Fair Market Value of the Exchanged Shares as determined by the appraisal
indicating the higher value, the Fair Market Value of the Exchanged Shares will be deemed to be the
average of the two values. If the Fair Market Value of the Exchanged Shares as determined by the
appraisal indicating the lower value is less than 90% of the Fair Market Value of the Exchanged
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. LGI 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 LGI and the Investor will bear one-half of the
cost of any appraiser appointed jointly by LGI and the Investor or by the appraisers appointed
respectively by LGI and the Investor. Notwithstanding the foregoing, if a determination of Fair
Market Value of Exchanged Shares has been made by independent appraisal under this Section 3(e)
within thirty (30) days preceding the Exchange Notice Date, then the result of such appraisal
process will determine the Fair Market Value of Exchanged Shares if LGI and the Investor are unable
to agree on Fair Market Value within thirty (30) days following the Exchange Notice Date.

 

 

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

          (g) Delivery of Shares. LGI will deliver LBTYA Shares to the Investor, and the Investor
will deliver Class A Shares to LGJ Holdings at a time and place mutually agreeable to Investor, LGI
and LGJ Holdings, provided however, if LGI, LGJ Holdings and Investor are unable to agree as to
such time and place, the closing will occur at the offices of LGI on the later of (i) ten (10)
Business Days following the Exchange 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. 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 A STOCKHOLDERS’ AGREEMENT AMONG THE CORPORATION AND ITS
STOCKHOLDERS (THE “AGREEMENT”), WHICH AGREEMENT, AMONG OTHER THINGS,
CONTAINS RESTRICTIONS ON TRANSFER 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 exchanged 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.”

     5. Consent to Pledge and Guaranty. Each of the Investors hereby irrevocably consents to the
following as security for the repayment of LGJ Holdings’ obligations under the Loan Facility: (a) a
pledge of the membership interests in LGJ Holdings; (b) a pledge of the assets of LGJ Holdings,
including, without limitation, all of the issued and outstanding shares of the capital stock of
Liberty Japan, Inc., a Delaware corporation (“Liberty Japan”), and all of the Shares of the
Corporation owned by LGJ Holdings; (c) a pledge of the assets of each of LGJ Holdings’
subsidiaries, including Liberty Japan and the Corporation, whether such assets are owned as of the
date of this Agreement or are acquired after the date of this Agreement, other than the units of
ownership (“Units”) in LMI/Sumisho Super Media, LLC, a Delaware limited liability company (“Super
Media”) held by Liberty Japan or the Corporation, but including any assets received by Liberty
Japan or the Corporation upon the dissolution of Super Media; (d) the guaranty by Liberty Japan of
100% of LGJ Holdings’ obligations under the Loan Facility, and (e) the guaranty by the Corporation
of a portion of LGJ Holdings’ obligations under the Loan Facility, which portion shall equal, as of
any relevant date, the value of the Corporation’s assets multiplied by the percentage obtained by
dividing the number of Common Shares owned by LGJ Holdings as of such date by the total number of
Common Shares issued and outstanding as of such date.

     6. Miscellaneous.

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

     If to LGI:

Liberty Global, Inc.

12300 Liberty Boulevard

Englewood, CO 80112

Attn: General Counsel

Telecopy: 303-220-6691

     If to LGJ Holdings:

 

 

LGJ Holdings, LLC

12300 Liberty Boulevard

Englewood, CO 80112

Attn: General Counsel

Telecopy: 303-220-6691

     If to the Corporation:

Liberty Jupiter, Inc.

12300 Liberty Boulevard

Englewood, CO 80112

Attn: General Counsel

Telecopy: 303-220-6691

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

Any notice given in accordance with this Section 6(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 permitted 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.

          (g) Further Assurances. Each party to this Agreement agrees that such party will
execute and deliver such additional documents and instruments and will take such further actions as
may be reasonably necessary or appropriate to carry out the provisions of this Agreement.

     7. Substitution of Parties. The parties to this Agreement, including LMI and LMINT LLC, agree
that LGI and LGJ Holdings are hereby substituted for LMI and LMINT LLC, respectively, as parties
for all purposes under this Agreement, and that each of LMI and LMINT LLC is relinquishing all of
its rights, and is being relieved of all of its obligations, under the 2004 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 GLOBAL, INC.

 	 
	 	By:  	/s/ Elizabeth M. Markowski
 	 
	 	 	Elizabeth M. Markowski 	 
	 	 	Senior Vice President 	 
	 

	 	 	 	 	 
	 	LGJ HOLDINGS LLC

 	 
	 	By:  	/s/ Elizabeth M. Markowski
 	 
	 	 	Elizabeth M. Markowski 	 
	 	 	Senior Vice President 	 
	 

	 	 	 	 	 
	 	                                                     /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 7 hereof:

	 	 	 	 	 
	 	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 	 

 

 

	 	 	 	 	 

Schedule 6(a)

Investors’ Notice Addresses

Miranda Curtis

Littlebrook Farm

Little Tew

Oxfordshire

OX7 4JJ

United Kingdom

Graham Hollis

64 Spyglass Drive

Littleton, CO 80123

Yasushige Nishimura

2-41-1 Inukura, Miyamae-ku

Kawasaki, Kanagawa 216-0011

Japanexv10w2

 

Exhibit 10.2

October 24, 2007

Mr. Shane O’Neill

25 Friars Stile Road

Richmond, Surrey TW 10 6NH

England

Dear Shane:

This letter sets forth the agreement (“Agreement”) between Liberty Global Services II, LLC (the
“Company”) and yourself concerning your employment with the Company. The terms of this Agreement
are as follows:

	 	 	 
	1. Effective Date:
	 	 November 1, 2007

	 	 	 

	2. Title and Job Description:

	 	 
You will serve as Senior Vice President and Chief Strategy Officer of
Liberty Global, Inc. (“LGI”), reporting to the President and Chief Executive Officer of
LGI. Your duties and responsibilities will be as assigned by your supervisor at LGI. By
signing below, you agree to serve LGI and the Company to the best of your ability and
faithfully, loyally and diligently perform your duties to LGI and the Company.

	 	 	 

	 	 	The Company may reassign you to a different affiliated company, position
and/or location during the term of this Agreement in respect of your duties
hereunder. You will be an employee-at-will, and either the Company or you
may terminate your employment at any time with or without cause.

	 	 	 

	 	 	The Company acknowledges that you are also employed as an officer of
Chellomedia Services Ltd. in the United Kingdom, and has informed LGI of
that fact. Provided that you perform your duties under this Agreement for
an aggregate of 95 or more business days (excluding holidays and vacation
days), or such other number of business days as is determined by the LGI
Board of Directors, in any 12 month period, you will be released from such
duties to the extent required to carry out your duties to Chellomedia
Services Ltd. However, in the event of any inconsistency between the
requirements of this Agreement and the requirements of your employment
contract with Chellomedia Services Ltd., then those of this Agreement shall
take precedence.

	 	 	 

	 	 	You will be expected to carry out your duties for the Company and LGI in the
United States of America and in other locations throughout the world,
including making and communicating decisions regarding LGI’s business;
however, you may only sign contracts in your capacity as an officer of LGI
with in the United States.

1

 

Employment Agreement

Shane O’neill

October 24,2007

	 	 	 
	 	 	You will be required to attend meetings of executives and the Board of
Directors of LGI from time to time in the United States of America and other
locations as your supervisor directs. You also may be required to perform
your duties for LGI or the Company at other locations throughout the world.

	 	 	 

	 	 	You will maintain and provide to LGI and the Company each month accurate and
complete written records of (a) the number of days spent performing duties
for LGI and the Company and (b) the number of days and partial days you are
physically present in the United States of America and performing duties for
LGI and the Company. You acknowledge that the Company and LGI will rely on
such records in determining, among other things, the appropriate amount of
withholding for U.S. tax purposes.

	 	 	 

	3. Salary:
	 	You will be paid on a bi-weekly basis at a rate equal to an annual salary of
US$332,000, which is based in part on our joint forecast of the amount of time you will spend
carrying out duties for the Company and LGI, on one hand, and Chellomedia Services Ltd., on
the other. Your salary and performance, and the amount of time spent in the service of each
employer, will be reviewed annually and may result in adjustments to your salary. This
salary, together with the other benefits described below, represents your total compensation
package provided by the Company. Your annual salary and any annual performance review do not
create a contract for any specific term of employment or any specific level of compensation.

	 	 	 

	4. Performance Awards:
	 	 
You have previously been designated to
participate in the 2007 Annual Executive Bonus
Plan under the Liberty Global Inc. 2005
Incentive Plan, as amended, with an aggregate
target cash performance award of $500,000 of
which 50% (the “2007 LGI Services Target
Award”) has been allocated to the performance
of your duties under the Agreement (the “LGI
Services”) and the remaining 50% (the “2007
Chellomedia Services Target Award”) has been
allocated to the performance of your duties
under your agreement with Chellomedia Services
Ltd. (the “Chellomedia Services”). The
payment of any amount to you with respect to
the 2007 LGI Services Target Award or the 2007
Chellomedia Services Target Award is subject
to the terms and conditions of the 2007
Executive Bonus Plan, including achievement of
the 2007 minimum base objective and the
evaluation by the LGI Compensation Committee
of the LGI Board of Directors (the
“Committee”) of your performance against the
2007 performance goals established for your
LGI Services in the case of the LGI Services
Target Award, and the 2007 performance goals
established for your Chellomedia Services in
the case of the Chellomedia Services Target
Award. The Company will be solely responsible
for payment of any amount that may ultimately
be awarded to you with respect to the LGI
Services Target Award and Chellomedia Services
Ltd. will be solely responsible for payment of
any amount that my be ultimately awarded to
you with respect to the Chellomedia Services
Target Award.

2

 

Employment Agreement

Shane O’neill

October 24,2007

	 	 	 
	 	 	Subject to the discretion of the Committee,
you may be eligible to participate in any
future plan for cash performance awards
approved by the Committee, which may similarly
provide for a target performance award and
performance goals for your LGI Services and a
separate target performance award and
performance goals for your Chellomedia
Services. Your designation to participate in
any such plan is not a guarantee and you will
not be entitled to any certain percentage of
or amount with respect to any target
performance award, all such determinations
being in the sole discretion of the Committee.
It is possible that you may not receive any
payment with respect to a target performance
award in a certain year if the terms and
conditions of the plan are not achieved.
Similarly, neither your participation in a
plan for cash performance awards in any year
nor your receipt of any payment with respect
to a target performance award in any year will
guarantee or create a precedent that entitles
you to participate in any plan or receive any
payment in any other year.

	 	 	 

	5. Benefits:
	 	You will be entitled to life insurance and
disability benefits available under the
benefit packages offered by LGI, in accordance
with the policy guidelines set forth by LGI
and its insurance carriers. You will not be
eligible to receive any medical or dental
benefits from the Company or LGI or
participate in the LGI 401(k) Savings and
Stock Ownership Plan. We understand that
Chellomedia Services Ltd. may provide you with
automobile expense reimbursement, pension
benefits and other employee benefits,
including medical and dental, in accordance
with its policies as in effect from time to
time.

	 	 	 

	6. U.S. Withholding:
	 	 
You understand and acknowledge that the
Company and LGI will be subject to legal
obligations to withhold taxes on your
compensation, including compensation in the
form of equity-based awards and the exercise
and vesting thereof. By executing this
Agreement, you irrevocably release and agree
to hold harmless the Company and LGI from and
against any liability arising directly or
indirectly from their compliance with
requirements to withhold such amounts,
including, without limitation, their
respective procedures for calculating such
withholding. You agree to pay directly, as
and when due, all taxes payable by you in
connection with compensation paid or provided
to you by LGI and the Company, including
compensation in the form of equity-based
awards and taxes payable on the exercise or
vesting thereof.

	 	 	 

	7. Taxes:
	 	The Company and LGI will have no
responsibility for payment of any of your
taxes, which will be solely your obligation.

	 	 	 

	8. Vacation and Sick Leave:
	 	 
Your vacation and sick leave allowance and observance of public holidays will be
determined by Chellomedia Services Ltd., and will be allocated between this Agreement and
your agreement with Chellomedia Services Ltd. as determined by the Company and Chellomedia
Services Ltd. You will inform the Company and LGI well in advance of your desired vacation
schedule, which will be

3

 

Employment Agreement

Shane O’neill

October 24,2007

	 	 	 
	 	 	scheduled in accordance with LGI’s policies and subject to the applicable
provisions of your employment contract with Chellomedia Services Ltd.

	 	 	 

	9. Employee Receivables:
	 	 
You understand that you may incur personal expenses in the course of your
employment with the Company or your assignment to LGI. These expenses may include, but are
not limited to, personal phone call charges, personal travel expenses, travel advances, and
amounts relating to the calculation and payment of foreign taxes. As a condition of your
employment with the Company, you agree that the Company may deduct expenses you owe the
Company or its affiliates from your paycheck or any other amount owed to you by the Company
at any time during your employment or at separation from employment.

	 	 	 

	 	 	You may be provided with personal property and equipment to use during your
employment with the Company. As a condition of your employment, you agree
that upon request during employment or at separation from the Company, you
will return such property and equipment to the Company or its affiliates as
appropriate. Any charges for damage done to any property or equipment of
the Company or its affiliates will be deducted from your final paycheck or
any other amount owed to you by the Company. In the event any such property
or equipment is not returned by you promptly after your employment with the
Company terminates, the Company will determine the fair market value of the
property or equipment, which amount will be deducted from your final
paycheck or from any other amount owed to you by the Company. Also, the
Company may pursue other legal remedies available to recover the reasonable
value of any property of the Company or its affiliates that is damaged or
not promptly returned by you, including the recovery of reasonable
attorneys’ fees and costs.

	 	 	 

	10. Termination:
	 	Your employment is at will, and this Agreement may be terminated by the Company
at any time with or without cause. Upon termination of this Agreement you will sign and
deliver to the Company a legally enforceable release giving up your rights to bring any legal
claim against the Company and/or any affiliate for any reason related to your employment and
separation from employment and will deliver to the Company or, at the Company’s request,
destroy, all materials and information in all forms and media relating to the Company, LGI and
other affiliates of the Company, without retaining any copies or derivations thereof in any
form, which are in your possession or control.

	 	 	 

	 	 	If Chellomedia Services Ltd. gives notice to you terminating your employment
with Chellomedia Services Ltd. and this Agreement is not terminated by the
Company as permitted in this Section 10, the Company agrees to cause one of
its non-U.S. affiliates to negotiate in good faith and with reasonable
promptness on a new agreement for your part-time employment outside of the
U.S. In return, you agree to similarly negotiate in good faith and with reasonable promptness with such affiliate on such agreement. In conducting
such negotiations, the parties give consideration to the benefits and
obligations

4

 

Employment Agreement

Shane O’neill

October 24,2007

	 	 	 
	 	 	of the Chellomedia Services Ltd. agreement at the time of its
termination. You agree that during such negotiations any severance benefits
that are to be paid upon termination of the agreement with Chellomedia
Services Ltd. will be deferred until the negotiations are mutually
concluded. In addition, you agree that if, as a result of such
negotiations, a new employment agreement is entered into with the affiliate
in any category of employment, then any severance benefits that should have
been paid upon termination of the agreement with Chellomedia Services Ltd.
will be waived in full. Notwithstanding the foregoing, the agreement to
negotiate does not and shall not be deemed to be a guarantee that a new
employment agreement for part-time employment with a non-U.S. affiliate of
the Company will occur.

	 	 	 

	11. Policies:
	 	Notwithstanding your employment by the Company, you will continue to be subject to
the Policy Manual of LGI as well as other policies of LGI and the Company as in effect from
time to time. The Company and LGI may change, at their sole discretion, from time to time,
the provisions of benefit plans, policies or other corporate policies.

	 	 	 

	12. Confidential Information:
	 	 
You will not, at any time during or after your employment, disclose to or use for
the benefit of any person or entity other than the Company and its affiliates any
information of the Company or any of its affiliates that is confidential, proprietary or
otherwise generally not available to the public, including but not limited to information
regarding the Company’s or any of its affiliates’ businesses and potential new projects,
and other confidential, non-public or proprietary information or materials of the Company
or any of its affiliates, or others with whom the Company has a confidential relationship.
You will promptly return all such information in all forms and media to the Company
promptly upon termination of your employment.

	 	 	 

	 	 	Notwithstanding the preceding provisions allowing the disclosure of certain
information to affiliates of the Company, in your capacity as an employee of
Chellomedia Services Ltd., you will be permitted to disclose to Chellomedia
Services Ltd. and its officers, directors, employees and agents
confidential, proprietary or non-public information of LGI only to the
extent your LGI supervisor so permits.

	 	 	 

	13. Intellectual Property:
	 	 
You agree to disclose promptly to the Company all ideas, inventions, creations,
discoveries and works which relate to the Company, LGI or any other Company affiliates,
whether or not made or discovered in the course of your employment by the Company, either
solely or jointly with another. You acknowledge that all rights in and to such ideas,
inventions, creations, discoveries and works, whether or not patentable, copyrightable or subject
to other forms of protection, will be the exclusive property of the Company,
LGI or such other affiliates, as applicable. Where such rights do not vest

5

 

Employment Agreement

Shane O’neill

October 24,2007

	 	 	 
	 	 	automatically in the Company, LGI or such other affiliates, you will take
all actions and execute and deliver all documents requested by the Company,
LGI or the Company’s other affiliates from time to time to assign and vest
such rights, including all copyright, patent, and design rights, and all
applications and registrations relating thereto, in and to the Company, LGI
or such other Company affiliate, as applicable, without additional
compensation or charges by you related thereto. You irrevocably waive any
moral rights you may have in and to the foregoing as part of the
consideration you provide under this Agreement.

	 	 	 

	14. Data Protection:
	 	 
You irrevocably consent to the Company, LGI and any affiliate of the
Company or LGI, or unaffiliated third party administrator or provider acting on their behalf,
(a) collecting, storing, using and processing, in any form or media, any personally
identifiable information relating to you for purposes of employee administration and benefits
and the management of their respective businesses, and for purposes of complying with
applicable laws and regulations, (b) providing such information in any form or media to
government agencies, accounting firms and legal counsel for immigration and other
employment-related purposes, and (c) providing such information in any form or media to third
parties that provide or administer employee benefits solely for purposes of benefit
administration, verification and provision.

	 	 	 

	 	 	The collection, use and transfer of personally identifiable information is
subject to policies of the Company and LGI as in effect from time to time.

	 	 	 

	15. Severability and Survival of Terms:
	 	 
 In case any one or more of the provisions of this Agreement shall be found to
be invalid, illegal or unenforceable in any respect, the validity, legality and
enforceability of the remaining provisions contained in this Agreement will not be
affected. Further, any provision or portion of this Agreement found to be invalid,
illegal, or unenforceable shall be deemed, without further action on the part of you or the
Company, to be modified, amended and/or limited to the minimum extent necessary to render
such provisions or portions thereof valid and enforceable.

	 	 	 

	16. Entire Agreement:
	 	 
This Agreement contains the parties’ entire agreement with respect to your
employment by the Company. This Agreement may be amended only by a written document signed by
you and the Company.

	 	 	 

	17. Governing Law:
	 	 
This Agreement and all aspects of your employment relationship with the
Company are governed by the internal laws of the United States of America and the State of
Colorado, without reference to any conflicts of laws principles. All disputes concerning the same will be resolved exclusively as provided below.

	 	 	 

	18. Arbitration:
	 	If any dispute involving this Agreement or any aspect of your employment
relationship with the Company or your assignment to LGI arises, then the

6

 

Employment Agreement

Shane O’neill

October 24,2007

	 	 	 
	 	 	dispute shall be determined through binding arbitration in Denver, Colorado in accordance with the employment
arbitration procedures of the American Arbitration Association (“AAA”) existing at the time
the arbitration is conducted, before a single arbitrator chosen in accordance with the AAA
procedures, and the decision of the arbitrator shall be enforceable as a court judgment. All
arbitration proceedings shall be confidential.

	 	 	 

	 	 	Notwithstanding the preceding arbitration provision, by signing below you
agree that the Company and its affiliates would be irreparably harmed by any
breach by you of the provisions set forth under “Title and Job Description,”
“Employee Receivables,” and “Confidential Information” above, and that the
Company and its affiliates to which you are assigned from time to time will
have the right to obtain temporary and permanent injunctions and other
equitable relief in any court having jurisdiction to prevent or terminate a
violation of those provisions. The prevailing party in any civil action,
arbitration or other legal proceeding shall be entitled to recover its or
his reasonable attorneys’ fees and costs, to the extent permitted by law.

	 	 	 

	19. Submission to Jurisdiction; Jury Trial Waiver:
	 	 

 
 
By signing this Agreement below, you irrevocably consent and submit to the non-exclusive jurisdiction of the municipal, state and federal courts
located in the State of Colorado, U.S.A. in any court action to enforce,
interpret or prevent the violation or breach of this Agreement, and
irrevocably waive any defense or legal objection you may have to the
jurisdiction of such courts based on forum non conveniens principles. By
signing this Agreement below, you also IRREVOCABLY WAIVE ANY RIGHT YOU MAY
HAVE TO TRIAL BY JURY IN ANY ACTION RELATING TO THIS AGREEMENT. You further
agree that process may be served, and notices given, to you in writing by
personal delivery or delivery by mail or courier to your address set forth
on the first page of this Agreement.

The Company looks forward to a successful employment relationship with you. If you are in
agreement with the above terms, please indicate your acceptance by signing below and returning
three fully executed copies to me no later than October 30, 2007.

Sincerely,

7

 

Employment Agreement

Shane O’neill

October 24,2007

LIBERTY GLOBAL SERVICES II, LLC

(Employer)

	 	 	 	 	 	 	 
	By:	 	/s/ Amy M. Blair	 	 
	 	 	 	 	 
	 	 	Amy M. Blair
	 	 
	 	 	Senior Vice President, Global Human Resources	 	 
	 
	 	 	 	 	 	 
	ACCEPTED and AGREED:	 	 
	 
	 	 	 	 	 	 
	 	 	/s/ Shane O’Neill	 	Date: October 24, 2007
	   	 	 	 	 
	Shane O’Neill	 	 	 	 

8

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