QuickLinks -- Click here to rapidly navigate through this documentUnivision Communications Inc • March 24th, 2003 • Television broadcasting stations
Company FiledMarch 24th, 2003 IndustryTHIS WARRANT HAS NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED, OR REGISTERED OR QUALIFIED UNDER ANY STATE SECURITIES LAWS. THIS WARRANT MAY NOT BE SOLD, TRANSFERRED, PLEDGED OR HYPOTHECATED UNLESS THE PROPOSED TRANSACTION DOES NOT REQUIRE REGISTRATION OR QUALIFICATION UNDER APPLICABLE FEDERAL OR STATE SECURITIES LAWS.
QuickLinks -- Click here to rapidly navigate through this documentUnivision Communications Inc • March 29th, 2002 • Television broadcasting stations
Company FiledMarch 29th, 2002 IndustryTHIS WARRANT HAS NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED, OR REGISTERED OR QUALIFIED UNDER ANY STATE SECURITIES LAWS. THIS WARRANT MAY NOT BE SOLD, TRANSFERRED, PLEDGED OR HYPOTHECATED UNLESS THE PROPOSED TRANSACTION DOES NOT REQUIRE REGISTRATION OR QUALIFICATION UNDER APPLICABLE FEDERAL OR STATE SECURITIES LAWS.
FORM OF WARRANTUnivision Communications Inc • March 29th, 2002 • Television broadcasting stations
Company FiledMarch 29th, 2002 IndustryTHIS WARRANT HAS NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED, OR REGISTERED OR QUALIFIED UNDER ANY STATE SECURITIES LAWS. THIS WARRANT MAY NOT BE SOLD, TRANSFERRED, PLEDGED OR HYPOTHECATED UNLESS THE PROPOSED TRANSACTION DOES NOT REQUIRE REGISTRATION OR QUALIFICATION UNDER APPLICABLE FEDERAL OR STATE SECURITIES LAWS.
QuickLinks -- Click here to rapidly navigate through this documentUnivision Communications Inc • March 29th, 2002 • Television broadcasting stations
Company FiledMarch 29th, 2002 IndustryTHIS WARRANT HAS NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED, OR REGISTERED OR QUALIFIED UNDER ANY STATE SECURITIES LAWS. THIS WARRANT MAY NOT BE SOLD, TRANSFERRED, PLEDGED OR HYPOTHECATED UNLESS THE PROPOSED TRANSACTION DOES NOT REQUIRE REGISTRATION OR QUALIFICATION UNDER APPLICABLE FEDERAL OR STATE SECURITIES LAWS.
AMENDED AND RESTATED WARRANT (Fourth Amendment) to Purchase Common Stock of Univision Communications Inc., a Delaware corporationUnivision Communications Inc • March 29th, 2002 • Television broadcasting stations
Company FiledMarch 29th, 2002 IndustryTHIS IS TO CERTIFY THAT: Televisa Internacional, S.A de C.V., a Mexican corporation, or registered transferees (the "Holder") is entitled to purchase from Univision Communications Inc., a Delaware corporation (the "Company"), at any time and from time to time on and after the date hereof an aggregate of 2,000 shares of Class T Common Stock (or Class A Common Stock as provided herein) at a purchase price of $0.032195 per share, all on the terms and conditions and subject to the adjustments provided herein. This Amended and Restated Warrant (this "Warrant") is executed and delivered with reference to the following facts:
QuickLinks -- Click here to rapidly navigate through this documentUnivision Communications Inc • March 29th, 2002 • Television broadcasting stations
Company FiledMarch 29th, 2002 IndustryTHIS WARRANT HAS NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED, OR REGISTERED OR QUALIFIED UNDER ANY STATE SECURITIES LAWS. THIS WARRANT MAY NOT BE SOLD, TRANSFERRED, PLEDGED OR HYPOTHECATED UNLESS THE PROPOSED TRANSACTION DOES NOT REQUIRE REGISTRATION OR QUALIFICATION UNDER APPLICABLE FEDERAL OR STATE SECURITIES LAWS.