AMENDED AND RESTATED EMPLOYMENT AGREEMENT
AMENDED AND RESTATED EMPLOYMENT AGREEMENT, made as of January 10, 2008, between
CKX, Inc., a Delaware corporation (the “ Employer ”), and Thomas P. Benson (the “ Executive ”).
WHEREAS, the Employer and the Executive desire to amend and restate that certain Employment
Agreement, dated as of February 8, 2005, between the Employer and the Executive (the “ Original Employment
Agreement ”); and
WHEREAS, the Board of Directors of the Employer (the “ Board ”) has determined that it is in the
Employer’s interest to amend and restate the Original Employment Agreement with the Executive in order to
secure, and in the future to be assured of, the Executive’s abilities, services, and judgment as a member of senior
management of the Employer, upon the terms and provisions and subject to the conditions stated in this
NOW, THEREFORE, the Employer and the Executive agree as follows:
1. Employment . Upon the terms and subject to the conditions of this agreement, the Employer employs the
Executive, and the Executive accepts employment.
2. Term; Dates . The term of the Executive’s employment shall commence on February 8, 2005 and continue
until the fifth annual anniversary thereof (the “ Employment Agreement Term ”), unless earlier terminated or
renewed in accordance with this agreement.
2.1 This agreement refers to the dates defined in this section, as follows: (i) the date of commencement of
employment is the “Effective Date”; (ii) the period of time during which the Executive is an employee of the
Employer pursuant to and in accordance with the terms and provisions of this agreement is hereinafter referred to
as the “Term”; and (iii) the last date of employment is the “Expiration Date.”
3. Executive’s Position, Duties, and Authority . The Employer shall employ the Executive, and the Executive
shall serve as Executive Vice President and Chief Financial Officer of the Employer, and in such other positions