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Exhibit 10.6    
    

November 4,
2003 

CEA
Acquisition Corporation

101 East Kennedy Boulevard

Suite 3300

Tampa, Florida 33602 

EarlyBirdCapital, Inc.

600 Third Avenue

33rd Floor

New York, New York 10016 

Re:    Initial
Public Offering 

Gentlemen: 

        The
undersigned, on behalf of CEA Group, LLC ("CEA Group"), a stockholder of CEA Acquisition Corporation ("SPAC"), in consideration of EarlyBirdCapital, Inc. ("EBC") entering into
a letter of intent ("Letter of Intent") to underwrite an initial public offering of the securities of the SPAC ("IPO") and embarking on the IPO process, hereby agrees as follows (certain capitalized
terms used herein are defined in paragraph 9 hereof): 

        1.     If
the SPAC solicits approval of its stockholders of a Business Combination, the undersigned will vote all Insider Shares owned by CEA Group in accordance with the
majority of the votes cast by the holders of the IPO Shares. 

        2.     In
the event that the SPAC fails to consummate a Business Combination within 18 months from the effective date ("Effective Date") of the registration statement
relating to the IPO (or 24 months under the circumstances described in the prospectus relating to the IPO), the undersigned will vote all Insider Shares owned by CEA Group in favor of the
SPAC's decision to liquidate. CEA Group waives any and all rights it may have to receive any distribution of cash, property or other assets as a result of such liquidation with respect to its Insider
Shares. 

        3.     CEA
Group will not submit to the SPAC for consideration, or vote for the approval of, any Business Combination which involves a company which is affiliated with any of
the Insiders unless the SPAC obtains an opinion from an independent investment banking firm reasonably acceptable to EBC that the business combination is fair to the SPAC's stockholders from a
financial perspective. 

        4.     Neither
CEA Group nor any Affiliate of CEA Group will be entitled to receive and will not accept any compensation for services rendered to the SPAC prior to the
consummation of the Business Combination. 

        5.     Neither
CEA Group nor any Affiliate of CEA Group will be entitled to receive or accept a finder's fee or any other compensation in the event CEA Group or any Affiliate of
CEA Group originates a Business Combination. 

        6.     CEA
Group will escrow its Insider Shares for the three year period commencing on the Effective Date subject to the terms of a Stock Escrow Agreement which the SPAC will
enter into with the undersigned and Continental Stock Transfer & Trust Company as escrow agent. 

        7.     CEA
Group agrees that, during the three year period terminating on September 25, 2006, it will not become involved (whether as owner, manager, operator, creditor,
partner, shareholder, joint venturer, member, employee, officer, director, consultant or otherwise) with any Acquisition Fund (as defined in Section 12(v) below) within the United
States, unless such Acquisition Fund 

 

engages
EBC to be the managing underwriter of the initial public offering of the Acquisition Fund's securities. 

        CEA
Group hereby agrees and acknowledges that (i) EBC would be irreparably injured in the event of a breach by the undersigned of any of its obligations under this
paragraph 7, (ii) monetary damages would not be an adequate remedy for any such breach, and (iii) EBC shall be entitled to injunctive relief, in addition to any other remedy it
may have, in the event of such breach. 

        8.     CEA
Group has full right and power, without violating any agreement by which it is bound, to enter into this letter agreement. 

        9.     As
used herein, (i) a "Business Combination" shall mean an acquisition by merger, capital stock exchange, asset or stock acquisition, reorganization or otherwise,
of an operating business selected by the SPAC; (ii) "Insiders" shall mean all officers, directors and stockholders of the SPAC immediately prior to the IPO; (iii) "Insider Shares" shall
mean all of the shares of Common Stock of the SPAC owned by an Insider prior to the IPO; (iv) "IPO Shares" shall mean the shares of Common Stock issued in the SPAC's IPO; and (v) 
"Acquisition Fund" shall mean any company formed with the intent to offer securities to the public and use the proceeds to consummate one or more Business Combinations which are unspecified at the
time of the securities offering. 

	

 	
CEA GROUP, LLC
 Print Name of Insider
	

 	

/s/  J. PATRICK MICHAELS, JR.      
 J. Patrick Michaels, Jr., CEO

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Exhibit 10.6QuickLinks
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Exhibit 10.12    
    

November 12, 2003

EarlyBirdCapital, Inc.

600 Third Avenue

33rd Floor

New York, New York 10016 

	Re:
	CEA Acquisition Corporation

Gentlemen:

        This
letter will confirm the agreement of the undersigned to purchase warrants ("Warrants") of CEA Acquisition Corporation ("Company") included in the units ("Units") being sold in the
Company's initial public offering ("IPO") upon the terms and conditions set forth herein. Each Unit is comprised of one share of Common Stock and two Warrants. The shares of Common Stock and Warrants
will not be separately tradeable until 90 days after the effective date of the Company's IPO unless EarlyBirdCapital, Inc. ("EBC") informs the Company of its decision to allow earlier
separate trading. 

        The
undersigned agrees that this letter agreement constitutes an irrevocable order for EBC to purchase for the undersigned's account within the forty trading-day period
commencing on the date separate trading of the Warrants commences ("Separation Date") up to 1,000,000 Warrants at market prices not to exceed $0.65 per Warrant ("Maximum Warrant Purchase"). EBC (or
such other broker dealer(s) as EBC may assign the order to) agrees to fill such order in such amounts and at such times as it may determine, in its sole discretion, during the forty
trading-day period commencing on the Separation Date. EBC further agrees that it will not charge the undersigned any fees and/or commissions with respect to such purchase obligation. 

        The
undersigned may notify EBC that all or part of his respective Maximum Warrant Purchase will be made by an affiliate of the undersigned (or another person or entity introduced to EBC
by the undersigned (a "Designee")) who (or which) has an account at EBC and, in such event, EBC will make such purchase on behalf of said affiliate or Designee; provided, however, that the undersigned
hereby agrees to make payment of the purchase price of such purchase in the event that the affiliate or Designee fails to make such payment. 

        The
undersigned agrees that neither he nor any affiliate or Designee shall sell or transfer the Warrants until after the consummation of a merger, capital stock exchange, asset
acquisition or other similar business combination with an operating business in the entertainment, media and communications industry and acknowledges that, at the option of EBC, the certificates for
such Warrants shall contain a legend indicating such restriction on transferability. 

	 	 	Very truly yours,
	

 	
 	

 
	 	 	/s/  J. PATRICK MICHAELS, JR.      
 J. Patrick Michaels, Jr.

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Exhibit 10.12Exhibit 4.5

AMENDMENT
TO SHARE EXCHANGE AGREEMENT

               This AMENDMENT TO SHARE EXCHANGE AGREEMENT (this “Amendment”)
is dated as of December 22, 2003 by and among Liberty Media Corporation, a
Delaware corporation (“Liberty”), and each of the Persons, severally and
not jointly, set forth on the signature pages hereto as Stockholders (the “Stockholders”).

RECITALS

               A.           Liberty
and the Stockholders are parties to a Share Exchange Agreement dated as of
August 18, 2003 (the “Agreement”). 
Capitalized terms used but not otherwise defined in this Amendment have
the respective meanings set forth in the Agreement.

               B.           Liberty
and the Stockholders desire to amend the Agreement as set forth in this
Amendment.

AGREEMENT

               In
consideration of the foregoing recitals and the mutual promises made herein,
and other good and valuable consideration, the receipt and sufficiency of which
are hereby acknowledged, the parties hereto, intending to be legally bound,
hereby agree as follows:

 

               1.            Amendments
to Agreement.  The Agreement is hereby
amended as follows:

                                                                           (a)          Section 2.1 of the Agreement is hereby amended to
read, in its entirety, as follows:

“2.1        Closing Date.  The closing of the Exchange (the “Closing”) shall take
place at 9:00 a.m. on the later of (a) January 5, 2004 and (b) the third
business day following the date that all conditions thereto as specified in
Section 5 and 6 have been satisfied or validly waived, at the offices of Holme
Roberts & Owen LLP, 1700 Lincoln Street, Suite 4100, Denver, Colorado
80203, or at such other time or place as Liberty and the Deciding Stockholders
may mutually agree (such date is hereinafter referred to as the “Closing Date”).”

                                                                           (b)          Section 7.1 of the Agreement is hereby amended to
replace each occurrence of “December 31, 2003” therein with “January 31, 2004”.

                                                                           (c)          Exhibit A is hereby amended so that the total number
of Liberty Shares reflected in the final column of the table therein shall be
equal to “12,576,968”.

                                                                           (d)          The proviso at the end of the final sentence of Section 9
of Exhibit B to the Agreement (the “New Standstill Agreement”) is hereby
amended to read, in its entirety, as follows: “provided that, (a)
United’s obligations under the final sentence of Section 9(b) of the Old
Standstill Agreement shall survive the execution and delivery 

 

 

hereof
and the termination of the Old Standstill Agreement and (b) Sections 7B and the
related definitions in Section 1 shall survive the execution and delivery
hereof and the termination of the Old Standstill Agreement as set forth in, and
as modified by, the letter agreement, dated November 12, 2003, between Liberty
(on behalf of each of the Liberty Parties (as defined in the Old Standstill
Agreement)) and United.”

               2.            Effect
of Amendment.  Except as expressly
modified hereby, the Agreement will continue in full force and effect in
accordance with its terms.  Any future
reference to the Agreement will be deemed to be a reference to the Agreement as
amended hereby.

               3.            Governing
Law.  This Amendment will be
governed in all respects by the laws of the State of Colorado, without giving
effect to the conflicts of laws principles thereof.

               4.            Counterparts;
Facsimile Copies.  This Amendment
may be executed in any number of counterparts, each of which will be an
original, and all of which together will constitute one instrument.  Facsimile copies hereof may be signed as
counterpart originals.

[Remainder of page intentionally left blank]

 

2

 

This Amendment is hereby
executed as of the date first above written.

	
  LIBERTY:

  
	
   

  
	
  Liberty Media Corporation

  
	
   

  
	
   

  
	
  By:

  	
   

  	
  /s/ Elizabeth M. Markowsi

  
	
   

  	
   

  	
  Name: Elizabeth M.
  Markowski

  
	
   

  	
   

  	
  Title: Senior Vice
  President

  

 

 

3

 

 

	
  STOCKHOLDERS:

  	
   

  	
  G. Schneider Holdings, LLLP

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  /s/ Gene W. Schneider

  	
   

  	
  By:

  	
   

  	
  /s/ Gene W. Schneider

  
	
  Gene W. Schneider

  	
   

  	
   

  	
   

  	
  Name: Gene W. Schneider

  
	
   

  	
   

  	
   

  	
   

  	
  Title: Executive Director

  

 

 

4

 

	
   

  	
   

  	
  The GWS Trust

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  By:

  	
   

  	
   

  
	
  Tina M. Wildes

  	
   

  	
   

  	
   

  	
  Name: Tina M. Wildes

  
	
   

  	
   

  	
   

  	
   

  	
  Title: Trustee

  
	
   

  	
   

  	
   

  	
   

  	
   

  

 

 

5

 

	
  Rochelle Limited Partnership

  	
   

  	
  Rochelle Investment Limited Partnership

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  By:

  	
   

  	
   

  	
   

  	
  By:

  	
   

  	
   

  
	
   

  	
   

  	
  Name: Curtis W. Rochelle

  	
   

  	
   

  	
   

  	
  Name: Curtis W. Rochelle

  
	
   

  	
   

  	
  Title: Attorney-in-Fact

  	
   

  	
   

  	
   

  	
  Title: Attorney-in-Fact

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  Jim
  Rochelle

  	
   

  	
   

  	
   

  	
  Kathleen
  Jaure

  
	
   

  	
   

  	
  By
  Curtis W. Rochelle, Attorney-in-Fact

  	
   

  	
   

  	
   

  	
  By
  Curtis W. Rochelle, Attorney-in-Fact

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  April
  Brimmer Kunz

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  By
  Curtis W. Rochelle, Attorney-in-Fact

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  

 

 

6

 

	
  Albert & Carolyn Company

  	
   

  	
  Carollo Company

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  By:

  	
   

  	
  /s/ Albert M. Carollo, Sr.

  	
   

  	
  By:

  	
   

  	
  /s/ Albert M. Carollo, Sr.

  
	
   

  	
   

  	
  Name: Albert M. Carollo,
  Sr.

  	
   

  	
   

  	
   

  	
  Name: Albert M. Carollo,
  Sr.

  
	
   

  	
   

  	
  Title: Attorney-in-Fact

  	
   

  	
   

  	
   

  	
  Title: Attorney-in-Fact

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  James R. Carollo Living Trust

  	
   

  	
  John B. Carollo Living Trust

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  By:

  	
   

  	
  /s/ Albert M. Carollo, Sr.

  	
   

  	
  By:

  	
   

  	
  /s/ Albert M. Carollo, Sr.

  
	
   

  	
   

  	
  Name: Albert M. Carollo,
  Sr.

  	
   

  	
   

  	
   

  	
  Name: Albert M. Carollo,
  Sr.

  
	
   

  	
   

  	
  Title: Attorney-in-Fact

  	
   

  	
   

  	
   

  	
  Title: Attorney-in-Fact

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  

 

 

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