Crown Media Holdings, Inc. June 27, 2012
Exhibit 10.1
Crown Media Holdings, Inc.
June 27, 2012
Mr. William J. Abbott
50 Snowball Drive
Cold Spring Harbor, NY 11724
Re: Employment Agreement Amendment
Dear Mr. Abbott:
This will confirm our agreement to amend your employment agreement with Crown Media Holdings, Inc. (Crown) dated May 7, 2009, as subsequently amended (the Agreement), as follows:
1. The term of the Agreement and your employment by Crown as set out in Paragraph 2 of the Agreement, is extended until December 31, 2014, unless otherwise terminated in accordance with the terms of the Agreement.
2. Section 8(a)(iii) shall be amended by replacing December 31, 2011 with December 31, 2014.
Except as amended herein, all other terms of the Agreement will remain in full force and effect.
| Very truly yours, | ||
| Crown Media Holdings, Inc. | ||
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| By: | /s/ Donald J. Hall, Jr. | |
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| Donald J. Hall, Jr. | |
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| Co-Chairman of the Board | |
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Agreed and Accepted: |
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/s/ William J. Abbott |
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William J. Abbott |
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