Berggruen Holdings Employee Letter Agreement with Liberty Acquisition Holdings Corp. (2007)

Summary

This agreement is between Liberty Acquisition Holdings Corp. and an employee of Berggruen Holdings. The employee agrees not to present Liberty Acquisition with any business combination opportunities involving companies they have previously discussed with other parties before Liberty's initial public offering, or companies that compete with Berggruen Holdings' portfolio companies, unless those portfolio companies have first declined the opportunity. The agreement is signed by both parties to confirm these terms.

EX-10.20 26 g08943exv10w20.htm EX-10.20 FORM OF BERGGRUEN HOLDINGS EMPLOYEE LETTER AGREEMENT EX-10.20 Form of Berggruen Holdings Employee Lette

Exhibit 10.20

LETTER AGREEMENT FOR BERGGRUEN HOLDINGS EMPLOYEES

LIBERTY ACQUISITION HOLDINGS CORP.

, 2007

[BH Employee]

Dear Mr./Ms. :

This letter will confirm our agreement, that you will not present Liberty Acquisition Holdings Corp. (the “Company”) with a potential business combination opportunity with a company (i) with which you have had any discussions, formal or otherwise, with respect to a business combination with another company prior to the consummation of the Company’s initial public offering or (ii) that is competitive with any portfolio company of Berggruen Holdings Ltd until after you have presented the opportunity to such portfolio company and such portfolio company has determined not to proceed with that opportunity.

[Signatures appear on Following Page]


Very truly yours, LIBERTY ACQUISITION HOLDINGS CORP.
By:
	Name:	Nicolas Berggruen
	Title:	President


AGREED TO AND ACCEPTED BY:
By:
	Name: