This Employment Agreement (the "Agreement") entered into as of August 1, 2000, by and between Entravision
Communications Corporation, a Delaware corporation (together with its successors and assigns permitted under
the Agreement) (herein the "Company"), and Walter F. Ulloa (herein "Executive") with reference to the following
WHEREAS, Executive has been employed pursuant to the terms of that certain Employment Agreement by and
between Entravision Communications Company, L.L.C. (as predecessor to the Company) and Executive dated
October 1, 1996 (the "Original Agreement").
WHEREAS, the Company and Executive desire to enter into an agreement to provide for Executive's
employment by the Company, upon the terms and conditions set forth herein.
WHEREAS, the Company and Executive desire to supersede and terminate the Original Agreement in its
NOW, THEREFORE, the parties hereto, intending to be legally bound, hereby agree as follows:
1. Employment. The Company hereby agrees to Executive's employment, and Executive hereby accepts such
employment and agrees to perform his duties and responsibilities, in accordance with the terms and conditions
hereinafter set forth.
1.1 Employment Term. The term of Executive's employment under this Agreement shall commence as of the date
hereof (the "Effective Date") and shall continue until the fifth (5/th/) anniversary of the Effective Date, unless earlier
terminated in accordance with Section 4 or Section 5 hereof. The period commencing as of the Effective Date
and ending on the fifth (5/th/) anniversary of the Effective Date, or such later date to which the term of Executive's
employment under the Agreement shall have been extended is hereinafter referred to as the "Employment Term."
1.2 Duties and Responsibilities. Executive shall serve as Chairman and Chief Executive Officer of the Company.
During the Employment Term, Executive shall perform all duties and accept all responsibilities incident to su