These excerpts taken from the CRWN 10-K filed May 27, 2005.
Jeff Henry of 9 Fairmile Lane, Cobham, Surrey, United Kingdom KT1112DL (the Employee);
(A) Employee has an employment agreement with the Company, dated 12 March 2004 as amended by a letter dated 9 July 2004, for his services as Managing Director and Chief Executive of Crown Media International, Europe, Middle East and Africa, as well as the Chief Executive of Crown Entertainment Limited (the Employment Contract).
(B) The Employment Contract provides for termination of the Employment Contract and Employees employment with the Company in the event of the sale of Company by its parent, Crown Media Holdings, Inc.
(C) The Company has been sold by Crown Media Holdings, Inc. effective 26 April 2005 (the Termination Date) and, accordingly, the Employment Contract and Employees employment with the Company has been terminated on the Termination Date.
(D) The Employee and the Company have agreed to compromise any claims arising from the Employment Contract and Employees employment with the Company on the terms hereinafter provided.
(E) The Company is entering into this agreement for itself and as agent for all its Associated Companies and is duly authorised on that behalf.
Jeff Henry, 43, was Chief Executive, the Hallmark Channel, United Kingdom and Europe, Middle East and Africa of Crown Media International since November 2001. Prior to that, he served as Managing Director of Crown Entertainment Limited commencing in July 2000. From March 1998 until July 2000, he served as the Chief Executive for Granada Sky Broadcasting, a joint venture between Granada and BSkyB.