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Exhibit 10.77    
    

 
 

SCHEDULE OF OMITTED DETAILS    
    

        The following schedule presents the terms omitted from the form of Notice of Stock Unit Award filed as Exhibit 10.77 to the report on
Form 10-K for the fiscal year ended May 31, 2004, filed by Liberate Technologies. 

        The
following information omitted from the exhibit appears in the first page of the form of Notice of Stock Unit Award for each of the executive officers listed below: 

	Name of Recipient:	 	Gregory S. Wood

	Total Number of Units Granted:	 	150,000

        Vesting
Schedule: 

	Vesting Date
 
	 	Number of Units Vesting

	July 15, 2004	 	11,250
	January 15, 2005	 	18,750
	July 15, 2005	 	18,750
	January 15, 2006	 	18,750
	July 15, 2006	 	18,750
	January 15, 2007	 	18,750
	July 15, 2007	 	18,750
	January 15, 2008	 	18,750
	July 15, 2008	 	7,500
	 	Total	 	150,000

	

Name of Recipient:	
 	

Patrick Nguyen

	Total Number of Units Granted:	 	150,000

        Vesting
Schedule: 

	Vesting Date
 
	 	Number of Units Vesting

	July 15, 2004	 	11,250
	January 15, 2005	 	18,750
	July 15, 2005	 	18,750
	January 15, 2006	 	18,750
	July 15, 2006	 	18,750
	January 15, 2007	 	18,750
	July 15, 2007	 	18,750
	January 15, 2008	 	18,750
	July 15, 2008	 	7,500
	 	Total	 	150,000

	Name of Recipient:	 	Philip Vachon

	Total Number of Units Granted:	 	100,000

        Vesting
Schedule: 

	Vesting Date
 
	 	Number of Units Vesting

	July 15, 2004	 	7,500
	January 15, 2005	 	12,500
	July 15, 2005	 	12,500
	January 15, 2006	 	12,500
	July 15, 2006	 	12,500
	January 15, 2007	 	12,500
	July 15, 2007	 	12,500
	January 15, 2008	 	12,500
	July 15, 2008	 	5,000
	 	Total	 	100,000

 
 

LIBERATE TECHNOLOGIES
  1999 EQUITY INCENTIVE PLAN
  FORM OF NOTICE OF STOCK UNIT AWARD    
    

        You have been granted units representing shares of Common Stock of Liberate Technologies (the "Company") on the following terms: 

	 
	 	 

	Name of Recipient:	 	 
	 	 	

	Total Number of Units Granted:	 	 
	 	 	

	Date of Grant:	 	April 26, 2004

	Vesting Commencement Date:	 	July 15, 2004

        Vesting
Schedule: 

	Vesting Date
 
	 	Number of Units Vesting

	 	
 Total	
 	

 

        The
stock units will vest in accordance with this schedule so long as you provide continuous Service. "Service" means service as an Employee, Outside Director or Consultant of the
Company (as these terms are defined in the Plan). 

        This
award will fully vest upon a Termination Event, consisting of a Change in Control (as defined in Exhibit A) in which the acquiring or surviving entity fails within ten days
prior to the closing thereof to make a written offer to you of continued employment for a period of at least one year that is located within 20 miles of your present location and has equal or greater:
(i) responsibilities, title, and reporting relationship in the surviving entity and parent; (ii) total compensation (including salary, bonus and equity incentives); and
(iii) office and support arrangements and staff. As a condition of any such acceleration, you and Liberate will sign a mutual waiver of claims (as set forth in the Employee Retention Agreement
between the parties) at the time of the acceleration. 

        As
a condition of such accelerated vesting, you agree to sign a mutual release of claims against Liberate (upon terms set forth in the Employee Retention Agreement between the parties)
as to any claims that may have arisen prior to the date of the acceleration. 

        You
and the Company agree that these units are granted under and governed by the terms and conditions of the Liberate Technologies 1999 Equity Incentive Plan, as amended (the "Plan"),
and the Stock Unit Agreement, both of which are attached to and made a part of this document. 

        You
further agree that the Company may deliver by email all documents relating to the Plan or this award (including, without limitation, prospectuses required by the Securities and
Exchange Commission) and all other documents that the Company is required to deliver to its security holders (including, without limitation, annual reports and proxy statements). You also agree that
the Company may deliver these documents by posting them on a web site maintained by the Company or by a third party under contract with the Company. If the Company posts these documents on a web site,
it will notify you by email. 

	RECIPIENT:	 	LIBERATE TECHNOLOGIES
	

 	
 	

By:	
 	

 
	
	 	 	 	

	 	 	Title:	 	 
	 	 	 	 	

 
 

LIBERATE TECHNOLOGIES
  1999 EQUITY INCENTIVE PLAN    
    

 
 

FORM OF STOCK UNIT AGREEMENT    
    

	Payment for Units	 	No payment is required for the units that you are receiving.
	
Vesting	
 	

The units vest in installments, as shown in the Notice of Stock Unit Award. The vesting of the award will accelerate under certain circumstances as specified in the Notice of Stock Unit Award.
	
Settlement of Units	
 	

Each of your units will be settled when it vests, unless the Company has approved a later settlement date in writing.
	

 	
 	

At the time of settlement, you will receive one share of the Company's Common Stock for each vested unit. But the Company, at its sole discretion, may substitute an equivalent amount of cash if the distribution of stock is not reasonably practicable
due to the requirements of applicable law. The amount of cash will be based on the market value of the Company's Common Stock at the time of settlement.
	

 	
 	

You understand and agree that it will usually require at least 2-3 business days following each vesting date for the Company's transfer agent and your broker to deposit the shares to your brokerage account, and you may not be able to sell the shares
until they have been deposited.
	
Nature of Units	
 	

Your units are bookkeeping entries. They represent only the Company's unfunded and unsecured promise to issue shares of Common Stock or distribute cash on a future date. As a holder of units, you have no rights other than the rights of a general
creditor of the Company.
	
No Voting Rights or Dividends	
 	

Your units carry neither voting rights nor rights to cash or other dividends. You have no rights as a stockholder of the Company unless and until your units are settled by issuing shares of the Company's Common Stock.
	
Units Nontransferable	
 	

You may not sell, transfer, assign, pledge or otherwise dispose of any units. For instance, you may not use your units as security for a loan.
	 	 	 

 

	
Withholding Taxes	
 	

No stock certificates or cash will be distributed to you unless you have made arrangements acceptable to the Company to pay any withholding taxes that may be due as a result of the settlement of this award. At your option, and with the Company's
consent, these arrangements may include (a) withholding shares of Company stock that otherwise would be issued to you when the units are settled, (b) surrendering shares that you previously acquired, (c) the payment of withholding
taxes from the proceeds of an approved sale of shares through a Company-approved broker, if available, or (d) your delivery of a check to the Company. The fair market value of these shares, determined as of the date when taxes otherwise would
have been withheld in cash, will be applied against the withholding taxes. Unless you elect an arrangement by providing written notice to the Company, the Company may, at its option, choose to withhold shares that would otherwise be issued to you in
order to satisfy withholding tax obligations.
	

 	
 	

For purposes of determining the withholding taxes, if any, to be withheld upon settlement of this award, the fair market value of the stock shall be based upon the closing price of the Company's common stock on the last trading day prior to each
vesting date.
	
Restrictions on Resale	
 	

You agree not to sell any shares at a time when applicable laws prohibit a sale.
	

 	
 	

You further agree not to sell any shares when any Company policies or an agreement between the Company and its underwriters prohibit a sale. This restriction will apply as long as your Service continues and for such period of time after the
termination of your Service as the Company may specify.
	
No Retention Rights	
 	

Your award or this Agreement does not give you the right to be retained by the Company or a subsidiary of the Company in any capacity. The Company and its subsidiaries reserve the right to terminate your Service at any time, with or without
cause.
	
Leaves of Absence and Part-Time Work	
 	

For purposes of this award, your Service does not terminate when you go on a military leave, a sick leave or another bona fide leave of absence, if the leave was approved by the Company in writing and if
continued crediting of Service is required by applicable law, the Company's leave of absence policy or the terms of your leave. But your Service terminates when the approved leave ends, unless you immediately return to active work.
	 	 	 

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If you go on a leave of absence, then the Company may adjust the vesting schedule specified in the Notice of Stock Unit Award in accordance with the Company's leave of absence policy or the terms of your leave. If you commence working on a part-time
basis, then the Company may adjust the vesting schedule specified in the Notice of Stock Unit Award in accordance with the Company's part-time work policy or the terms of an agreement between you and the Company pertaining to your part-time
schedule.
	
Termination of Vesting; Forfeiture of Units	
 	

No additional units vest after your Service has terminated for any reason. If your Service terminates for any reason, including by reason of death, then your units will be forfeited to the extent that they have not vested before the termination date.
This means that the units will immediately be cancelled. You receive no payment for units that are forfeited.
	

 	
 	

The Company determines when your Service terminates for this purpose.
	
Adjustments	
 	

In the event of a stock split, a stock dividend or a similar change in Company stock, the number of your units will be adjusted accordingly, as the Company may determine pursuant to the Plan.
	
Applicable Law	
 	

This Agreement will be interpreted and enforced under the laws of the State of Delaware (without regard to their choice-of-law provisions).
	
Company Policies	
 	

You agree to comply with all written policies of the Company, as set forth on the Company's intranet site.
	
Arbitration	
 	

You and the Company waive the right to a trial before a judge or jury and agree to arbitrate any dispute relating to this Agreement. The arbitrator's decision will include written findings of fact and law and will be final and binding, except to the
extent that judicial review is required by law. The American Arbitration Association's National Rules for the Resolution of Employment Disputes will govern the arbitration, except that the arbitrator will allow discovery authorized by the California
Arbitration Act and any additional discovery necessary to vindicate a claim or defense. The arbitrator may award any remedy that would be available from a court of law. You may choose to hold the arbitration either in San Mateo County, California or
the county where you worked when the arbitrable dispute first arose. You and we will share the arbitration costs equally (except that we will pay the arbitrator's fee and any other expense or cost unique to arbitration) and each party will pay its
own attorney's fees, except as required by law.
	 	 	 

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The Plan and Other Agreements	
 	

The text of the 1999 Equity Incentive Plan is incorporated in this Agreement by reference.
	

 	
 	

This Agreement and the Plan constitute the entire understanding between you and the Company regarding this award. Any prior agreements, commitments or negotiations concerning this award are superseded. This Agreement may be amended only by another
written agreement between the parties.

BY SIGNING THE COVER SHEET OF THIS AGREEMENT, YOU AGREE TO ALL OF THE

TERMS AND CONDITIONS DESCRIBED ABOVE AND IN THE PLAN.

4

 
 
 

EXHIBIT A
  
    DEFINITION OF "CHANGE IN CONTROL"    
    

        "Change
in Control" means: 

	a)
	The
consummation of a merger or consolidation of Liberate with or into another entity or any other corporate reorganization, if persons who did not own or control 50% or more of the
voting power of Liberate immediately prior to such merger, consolidation or other reorganization own or control immediately after such merger, consolidation or other reorganization 50% or more of the
voting power of the outstanding securities of each of (i) the continuing or surviving entity and (ii) any direct or indirect parent corporation of such continuing or surviving entity;

	b)
	The
sale, transfer or other disposition of all or substantially all of Liberate's assets;

	c)
	A
change in the composition of Liberate's Board of Directors (the "Board"), as a result of which fewer than 50% of the incumbent directors are directors who either (i) had been
directors of Liberate on the date 24 months prior to the date of the event that may constitute a Change in Control (the "original directors") or (ii) were elected, or nominated for
election, to the Board with the affirmative votes of at least a majority of the aggregate of the original directors who were still in office at the time of the election or nomination and the directors
whose election or nomination was previously so approved; or

	d)
	Any
transaction as a result of which any person is the "beneficial owner" (as defined in Rule 13d-3 under the Securities Exchange Act of 1934, as amended
[the "Exchange Act"]), directly or indirectly, of securities of Liberate representing at least 50% of the total voting power represented by Liberate's then outstanding voting
securities. For purposes of this paragraph (d), the term "person" shall have the same meaning as when used in sections 13(d) and 14(d) of the Exchange Act but shall exclude (i) a trustee
or other fiduciary holding securities under an employee benefit plan of Liberate or of a Parent or Subsidiary (each as defined below), and (ii) a corporation owned directly or indirectly by the
stockholders of Liberate in substantially the same proportions as their ownership of the common stock of Liberate. 

        A
transaction shall not constitute a Change in Control if its sole purpose is to change the state of Liberate's incorporation or to create a holding company that will be owned in
substantially the same proportions by the persons who held Liberate's securities immediately before such transaction. A transaction shall not automatically be deemed a Change in Control if it
constitutes a stock repurchase or similar action initiated by Liberate that results in Oracle Corporation or its affiliates owning at least 50% of the total voting power represented by Liberate's then
outstanding voting securities unless Liberate's Board or Compensation Committee determines that such a transaction constitutes a Change in Control. 

        "Parent"
means any corporation (other than Liberate) in an unbroken chain of corporations ending with Liberate, if each of the corporations other than Liberate owns stock possessing 50%
or more of the total combined voting power of all classes of stock in one of the other corporations in such chain. A corporation that attains the status of a Parent on a date after the effective date
of this Agreement shall be considered a Parent commencing as of such date. 

        "Subsidiary"
means any corporation (other than Liberate) in an unbroken chain of corporations beginning with Liberate, if each of the corporations other than the last corporation in the
unbroken chain owns stock possessing 50% or more of the total combined voting power of all classes of stock in one of the other corporations in such chain. A corporation that attains the status of a
Subsidiary on a date after the effective date of this Agreement shall be considered a Subsidiary commencing as of such date. 

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Exhibit 10.77

SCHEDULE OF OMITTED DETAILS

LIBERATE TECHNOLOGIES 1999 EQUITY INCENTIVE PLAN FORM OF NOTICE OF STOCK UNIT AWARD

LIBERATE TECHNOLOGIES 1999 EQUITY INCENTIVE PLAN

FORM OF STOCK UNIT AGREEMENT

EXHIBIT A DEFINITION OF "CHANGE IN CONTROL "QuickLinks
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Exhibit 10.2  

 
 

LIBERTY MEDIA INTERNATIONAL, INC.
  2004 INCENTIVE PLAN
  NON-QUALIFIED STOCK OPTION AGREEMENT    
    

        THIS NON-QUALIFIED STOCK OPTION AGREEMENT ("Agreement") is made as of
[                        ] (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
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, and independent contractors providing services to, 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 Compensation Committee (the "Committee") appointed by the Board pursuant to Section 3.1 of the Plan to administer the Plan has determined that it would
be in the interest of the Company and its stockholders to award an option to Grantee, subject to the conditions and restrictions set forth herein and in the Plan, in order to provide the Grantee
additional remuneration for services rendered, to encourage the Grantee to continue to provide services to the Company or 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: 

        "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. 

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

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

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

        "Exercise
Price" means [$        ] per LBTYA share. 

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

        "LBYTA"
means the Series A common stock, par value $.01 per share, of the Company. 

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

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

        "Plan"
has the meaning specified in the recitals of 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(d) of this Agreement. 

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

        "Termination
of Service" means the Grantee's provision of services to the Company and its Subsidiaries as an officer, employee or independent contractor, terminates for any reason. 

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

 

        2.     Grant of Options. Subject to the terms and conditions herein, pursuant to the Plan, the Company grants to the Grantee an
option (the "Option") to purchase from the Company the number of shares of LBTYA set forth on the signature page hereto (the "Option Shares") at a purchase price per LBTYA share equal to the
Exercise Price. The Option granted herein is a "Nonqualified Stock Option". The Option, to the extent it has become exercisable in accordance with Section 3, will be exercisable in whole at any
time or in part from time to time during the period commencing on the Effective Date and expiring at the Close of Business on
[                        ] (the "Term"), subject to earlier
termination as provided in Section 7. The Exercise Price and number of Option Shares are subject to adjustment pursuant to Section 10. No fractional shares of LBTYA will be issuable upon
exercise of an Option, and the Grantee will receive, in lieu of any fractional share of LBTYA 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 LBTYA as of the date on which such exercise is considered to occur pursuant to Section 4. 

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

        (a)   Except
as otherwise provided in Section 11.1(b) of the Plan or in the last sentence of this Section 3(a), the Option will not be exercisable until
[                        ] and may be exercised thereafter only to the extent it has become exercisable in accordance with the
following schedule: 

        i.      On
and after [                        ], the Option shall be exercisable as to 20% of the Option Shares; 

        ii.     On
and after [                        ], the Option shall be exercisable as to 40% of the Option Shares; 

        iii.    On
and after [                        ], the Option shall be exercisable as to 60% of the Option Shares; 

        iv.    On
and after [                        ], the Option shall be exercisable as to 80% of the Option Shares; and 

        v.     On
and after [                        ], the Option shall be exercisable as to 100% of the Option Shares. 

Notwithstanding
the foregoing, (x) the Option will become exercisable in full on the date of Termination of Service if the Termination of Service occurs by reason of Grantee's death or
Disability, and (y) if the Termination of Service is by the Company or a Subsidiary without Cause (as determined in the sole discretion of the Committee) more than six months after the
Effective Date, the Option will become exercisable on the date of Termination of Service with respect to the percentage of the Option Shares as to which the Option otherwise would become exercisable
during the remainder of the calendar year in which the Termination of Service occurs. 

        (b)   To
the extent the Option becomes exercisable, the Option may be exercised 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. 

        (c)   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(a) below) on the latest of (i) the date of exercise

 
designated in the written notice referred to in Section 4(a) below, (ii) if the date so designated is not a Business Day, the first Business Day following such date or
(iii) the earliest Business Day by which the Company has received all of the following: 

        (a)   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; 

        (b)   Payment
of the Exercise Price for each Option Share to be purchased in any (or a combination) of the following forms: (i) cash, (ii) check or
(iii) 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 Exercise Price (and, if applicable the Required Withholding Amount, as described in Section 5 below); and 

        (c)   Any
other documentation that the Committee may reasonably require. 

        5.     Mandatory Withholding for Taxes. The Grantee acknowledges and agrees that the Company will deduct from the shares of LBTYA
otherwise deliverable upon exercise of the Option that number of shares of LBTYA (valued at their Fair Market Value on the date of exercise) that is equal to the amount, if any, 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 of the Exercise
Price 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 Exercise 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. 

        6.     Payment or Delivery by the Company. As soon as practicable after receipt of all items referred to in Section 4, and
subject to the withholding referred to in Section 5, the Company will deliver or cause to be delivered to the Grantee (i) certificates issued in the Grantee's name for the number of
Option Shares purchased upon exercise of the Option, and (ii) any cash payment to which the Grantee is entitled in lieu of a fractional share of LBTYA, as provided in Section 2 above.
Any delivery of shares of LBYTA 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. 

        7.     Early Termination of the Option. Unless otherwise determined by the Committee in its sole discretion, the Option will
terminate, prior to the expiration of the Term, at the time specified below: 

        (a)   Subject
to Section 7(b), if Termination of Service occurs other than (i) by the Company or a Subsidiary (whether for Cause or without Cause) or
(ii) by reason of Grantee's death or Disability, then 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 date of Termination of Service. 

        (b)   If
the Grantee dies (i) prior to Termination of Service or prior to the expiration of a period of time following Termination of Service during which the Option
remains exercisable as provided in Section 7(a) or Section 7(c), as applicable, 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 (ii) prior to the expiration of a period of time following Termination of Service during which
the Option remains exercisable as provided in Section 7(d), the Option will terminate at the Close of Business on the first Business Day following the

 
expiration of (A) the one-year period which began on the date of the Grantee's death or (B) the Special Termination Period, whichever period is longer. 

        (c)   Subject
to Section 7(b), if Termination of Service occurs by reason of 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 date of Termination of Service. 

        (d)   If
Termination of Service is by the Company or a Subsidiary without Cause (as determined in the sole discretion of the Committee), 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 date of Termination of Service
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 Grantee's hire date (as reflected in the payroll records of the Company or a
Subsidiary) and the anniversaries of that date, during which the Grantee is employed by the Company or a Subsidiary without interruption. For purposes of determining the Grantee's Years of Continuous
Service, Grantee's employment with the Company's former parent, Liberty Media Corporation ("LMC"), and any predecessor of the Company or LMC will be included, provided that the Grantee's hire date
with the Company or a Subsidiary occurred within 30 days following the Grantee's termination of employment with LMC or such predecessor. If the Grantee was employed by a Subsidiary at the time
of such Subsidiary's acquisition by the Company, the Grantee's employment with the Subsidiary prior to the acquisition date will not be included in determining the Grantee's Years of Continuous
Service unless the Committee, in its sole discretion, determines that such prior employment will be included. 

        (e)   If
Termination of Service is by the Company or a Subsidiary for Cause, then the Option will terminate immediately upon such Termination of Service. 

        In
any event in which the Option remains exercisable for a period of time following the date of Termination of Service as provided above, the Option may be exercised during such period
of time only to the extent the same was exercisable as provided in Section 3 above on such date of Termination of Service. Unless the Committee otherwise determines, neither a change of the
Grantee's employment from the Company to a Subsidiary or from a Subsidiary to the Company or another Subsidiary, nor a change in Grantee's status from an independent contractor to an employee, will be
a Termination of Service for purposes of this Agreement if such change of employment or status is made at the request or with the express consent of the Company. Unless the Committee otherwise
determines, however, any such change of employment or status that is not made at the request or with the express consent of the Company and any change in Grantee's status from an employee to an
independent contractor will be a Termination of Service within the meaning of this Agreement. 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. 

        8.     Nontransferability. 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 right passes according to the foregoing and such person will be deemed the Grantee for purposes of any applicable provisions 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 its stockholders 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 LBTYA 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 to purchase
any shares of LBTYA, 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 LBTYA 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 Exercise Price per share) 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 Effective 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 make any cash payment or issue or cause to be issued any shares of LBTYA, 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 LBTYA 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
payment of cash or issuance of shares of LBYTA to comply with any such law, rule, regulation or agreement. 

        12.   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: General Counsel 

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. 

        13.   Amendment. Notwithstanding any other provision hereof, 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, 

        (a)   this
Agreement may be amended or supplemented from time to time as approved by the Committee (i) to cure any ambiguity or to correct or supplement any provision
herein which may be defective or inconsistent with any other provision herein, or (ii) 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'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, or (iii) 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 

        (b)   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 Option to the extent then exercisable. 

        14.   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 to continue in the employ or service of the Company or any of its Subsidiaries or interfere in any way with the right of the
Company or any Subsidiary to terminate the Grantee's employment or service at any time, with or without cause. 

        15.   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. 

        16.   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. 

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

        18.   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. 

        19.   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.

 

        20.   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. 

        21.   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 to Non-Qualified Stock Option Agreement

dated as of [                        ] between Liberty Media International, Inc., and Grantee  

	

 	
 	

LIBERTY MEDIA INTERNATIONAL, INC.
	

 	
 	

By:	
 	

	 	 	Name:	 	 
	 	 	 	 	

	 	 	Title:	 	 
	 	 	 	 	

	

 	
 	

ACCEPTED:
	

 	
 	

	

 	
 	

Grantee Name:	
 	

 
	 	 	 	 	

	 	 	Address:	 	 
	 	 	 	 	

	 	 	SSN:	 	 
	 	 	 	 	

	

Number of shares of LBTYA as to which Option is granted	
 	

 
	 	 	 	 	

QuickLinks

LIBERTY MEDIA INTERNATIONAL, INC. 2004 INCENTIVE PLAN NON-QUALIFIED STOCK OPTION AGREEMENT

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