SETTLEMENT AGREEMENT AND MUTUAL RELEASE BETWEEN JOHN F. ANTIOCO AND BLOCKBUSTER INC.Settlement Agreement • March 20th, 2007 • Blockbuster Inc • Services-video tape rental • Texas
John F. Antioco (“Antioco”) and Blockbuster Inc., a Delaware corporation (the “Company”), enter into this settlement agreement. Antioco and the Company are collectively referred to as the “Parties.”
BLOCKBUSTER LETTERHEAD] March 19, 2007Employment Agreement • March 20th, 2007 • Blockbuster Inc • Services-video tape rental
Blockbuster Inc. (“Blockbuster”) and you previously entered into an Employment Agreement dated June 18, 2004 (the “2004 Employment Agreement”), pursuant to which you serve as Chairman of the Board and Chief Executive Officer of Blockbuster and a member of the Board. The 2004 Employment Agreement was subsequently amended as of March 19, 2005, and as of November 29, 2006. Paragraph 20 of the 2004 Employment Agreement provides that the Employment Agreement may be amended, modified, or terminated only by a written document signed by you and a duly authorized officer of Blockbuster.
