Exhibit 18
ACKNOWLEDGMENT
TO THE STOCKHOLDERS AGREEMENT
This ACKNOWLEDGMENT (this "Acknowledgment") to the Stockholders Agreement,
dated as of March 19, 2004 (the "Original Agreement"), by and among each of the
holders of Cablevision NY Group Class B common stock ("Class B Common Stock") of
Cablevision Systems Corporation, a Delaware corporation ("Cablevision"), listed
on Schedule A, annexed thereto (each, a "Class B Stockholder", and collectively,
the "Class B Stockholders"), is entered into as of April 25, 2005, by and among
the Class B Stockholders and ▇▇▇▇▇ ▇. ▇▇▇▇▇, as Trustee of the ▇▇▇▇▇▇▇ ▇. ▇▇▇▇▇
2001 Family Trust (the "2001 Family Trust"). Capitalized terms used and not
defined herein shall have the meanings given to such terms in the Original
Agreement.
W I T N E S S E T H:
WHEREAS, ▇▇▇▇▇ ▇. ▇▇▇▇▇ resigned as Trustee of the 2001 Family Trust,
pursuant to the Resignation of Trustee, dated as of March 23, 2005;
WHEREAS, ▇▇▇▇▇▇▇ ▇. ▇▇▇▇▇ appointed ▇▇▇▇▇ ▇. ▇▇▇▇▇ to be a successor
co-Trustee of the 2001 Family Trust, pursuant to the Designation of Successor
Trustee, dated as of March 23, 2005;
WHEREAS, ▇▇▇▇▇ ▇. ▇▇▇▇▇ accepted appointment as a successor co-Trustee
of the 2001 Family Trust, pursuant to the Acceptance of Appointment of
Successor Trustee, dated as of April 25, 2005;
WHEREAS, the Class B Stockholders wish to acknowledge that ▇▇▇▇▇ ▇. ▇▇▇▇▇
is no longer a signatory as a Trustee of the 2001 Family Trust and to
acknowledge that ▇▇▇▇▇ ▇. ▇▇▇▇▇ is a signatory to the Original Agreement, in his
capacity as a Trustee of the 2001 Family Trust;
NOW THEREFORE, in consideration of the premises and of the mutual promises
and agreement contained herein, the parties hereto, agree as follows:
Section 1. Acknowledgment of Successor Trustees. The Class B Stockholders
hereby acknowledge that ▇▇▇▇▇ ▇. ▇▇▇▇▇ has become a Trustee of the 2001 Family
Trust as listed in the recitals above, and as such, shall be a signatory to the
Original Agreement in his capacity as a Trustee on behalf of the 2001 Family
Trust.
Section 2. Amendment to Schedule. Schedule A to the Original Agreement is
hereby amended and restated respectively in the form of Schedule A attached
hereto.
Section 3. Original Agreement Ratified. The Original Agreement is in all
respects ratified and confirmed, and this Acknowledgment shall be deemed part of
the Original Agreement in the manner and to the extent herein and therein
provided.
Section 4. Governing Law. This Acknowledgment shall be governed and
construed according to the laws of the State of New York, without regard to its
rules for conflicts of laws.
Section 5. Counterparts; Section Headings. This Acknowledgment may be
executed in any number of counterparts, each of which shall be deemed an
original, but all of which together can constitute one and the same instrument.
The headings and titles herein are for convenience of reference only and are to
be ignored in any construction of the provisions hereof.
[Remainder of page intentionally left blank.]
2
IN WITNESS WHEREOF, this Acknowledgment has been executed by each of the
parties hereto, and shall be effective as of the date first above written.
/s/ ▇▇▇▇▇▇▇ ▇. ▇▇▇▇▇
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▇▇▇▇▇▇▇ ▇. ▇▇▇▇▇, individually, and as
Trustee of the ▇▇▇▇▇▇▇ ▇. ▇▇▇▇▇ 2004
Grantor Retained Annuity Trust
▇▇▇▇▇ FAMILY LLC
By /s/ ▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇
----------------------------------------
Name: ▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇
Title: Manager
/s/ ▇▇▇▇▇▇▇▇ ▇. ▇▇▇▇▇
----------------------------------------
▇▇▇▇▇▇▇▇ ▇. ▇▇▇▇▇, individually, and as a
Trustee of the ▇▇▇▇▇ Descendants Trust,
the ▇▇▇▇▇ Grandchildren Trust,
the ▇▇▇▇▇ Spouse Trust, the ▇▇▇▇▇ Progeny
Trust, the D.C. ▇▇▇▇▇▇▇▇ Trust and CFD
Trust No. 1
/s/ ▇▇▇▇▇▇▇ ▇. ▇▇▇▇▇-▇▇▇▇▇▇▇
----------------------------------------
▇▇▇▇▇▇▇ ▇. ▇▇▇▇▇-▇▇▇▇▇▇▇, individually,
and as a Trustee of the ▇▇▇▇▇ Descendants
Trust, the ▇▇▇▇▇ Grandchildren Trust,
the ▇▇▇▇▇ Spouse Trust, the ▇▇▇▇▇ Progeny
Trust, the D.C. ▇▇▇▇▇▇▇ Trust and CFD
Trust No. 2
/s/▇▇▇▇▇▇▇▇ ▇▇▇▇▇ ▇▇▇▇▇
----------------------------------------
▇▇▇▇▇▇▇▇ ▇▇▇▇▇ ▇▇▇▇▇, individually, and
as a Trustee of the ▇▇▇▇▇ Descendants
Trust, the ▇▇▇▇▇ Grandchildren Trust,
the ▇▇▇▇▇ Spouse Trust, the ▇▇▇▇▇ Progeny
Trust, the D.C. ▇▇▇▇▇▇▇▇ Trust and CFD
Trust No. 3
/s/ ▇▇▇▇▇▇▇ ▇. ▇▇▇▇▇
----------------------------------------
▇▇▇▇▇▇▇ ▇. ▇▇▇▇▇, individually, and as a
Trustee of the D.C. Patrick Trust, the
▇▇▇▇ ▇▇▇▇▇ 1989 Trust and CFD Trust No. 4
/s/ ▇▇▇▇▇▇ ▇. ▇▇▇▇▇
--------------------------------------
▇▇▇▇▇▇ ▇. ▇▇▇▇▇, individually, and as a
Trustee of the ▇.▇. ▇▇▇▇▇▇ Trust and CFD
Trust No. 5
/s/ ▇▇▇▇▇ ▇. ▇▇▇▇▇
----------------------------------------
▇▇▇▇▇ ▇. ▇▇▇▇▇, individually, and as a
Trustee of the D.C. James Trust and as
Trustee of the ▇▇▇▇▇▇▇ ▇▇▇▇▇▇ 1989 Trust,
the ▇▇▇▇▇▇▇ ▇▇▇▇▇ 1989 Trust, the ▇▇▇▇
▇▇▇▇▇ 1989 Trust and CFD Trust No. 6
/s/ ▇▇▇▇ ▇. ▇▇▇▇▇
----------------------------------------
▇▇▇▇ ▇. ▇▇▇▇▇, not individually, but
solely as a Trustee of ▇▇▇▇▇ Descendants
Trust, the ▇▇▇▇▇ Grandchildren Trust,
the ▇▇▇▇▇ Spouse Trust, the ▇▇▇▇▇ Progeny
Trust, the D.C. ▇▇▇▇▇▇▇▇ Trust, the D.C.
James Trust, the CFD Trust # 10 and CFD
Trust Nos. 1 and 6
/s/ ▇▇▇▇ ▇. ▇▇▇▇▇
----------------------------------------
▇▇▇▇ ▇. ▇▇▇▇▇, not individually, but
solely as a Trustee of the D.C. ▇▇▇▇▇▇▇
Trust, the D.C. Patrick Trust, and CFD
Trust Nos. 2 and 4
/s/ ▇▇▇▇▇▇▇ ▇. ▇▇▇▇▇
-------------------------------------
▇▇▇▇▇▇▇ ▇. ▇▇▇▇▇, not individually, but
solely as a Trustee of the D.C. ▇▇▇▇▇▇▇▇
Trust, the ▇.▇. ▇▇▇▇▇▇ Trust, and CFD
Trust Nos. 3 and 5
/s/ ▇▇▇▇▇ ▇. ▇▇▇▇▇
----------------------------------------
▇▇▇▇▇ ▇. ▇▇▇▇▇, not individually, but
solely as a Trustee of the ▇▇▇▇▇▇▇ ▇.
▇▇▇▇▇ 2001 Family Trust
/s/ ▇▇▇▇▇ ▇. ▇▇▇▇▇
----------------------------------------
▇▇▇▇▇ ▇. ▇▇▇▇▇, individually
/s/ ▇▇▇▇▇▇▇▇ ▇. ▇▇▇▇▇
----------------------------------------
▇▇▇▇▇▇▇▇ ▇. ▇▇▇▇▇, not individually, but
solely as a Trustee of the ▇▇▇▇▇▇▇ ▇.
▇▇▇▇▇ 2001 Family Trust
SCHEDULE A
STOCKHOLDER SHARES OF CLASS B COMMON STOCK
----------- ------------------------------
▇▇▇▇▇▇▇ ▇. ▇▇▇▇▇ 24,991,398
▇▇▇▇▇ Family LLC 7,977,325
▇▇▇▇▇ Descendants Trust 37,493
Trustees: ▇▇▇▇▇▇▇▇ ▇. ▇▇▇▇▇
▇▇▇▇▇▇▇ ▇. ▇▇▇▇▇-▇▇▇▇▇▇▇
▇▇▇▇▇▇▇▇ ▇▇▇▇▇ ▇▇▇▇▇
▇▇▇▇ ▇. ▇▇▇▇▇
▇▇▇▇▇ Progeny Trust 19,145
Trustees: ▇▇▇▇▇▇▇▇ ▇. ▇▇▇▇▇
▇▇▇▇▇▇▇ ▇. ▇▇▇▇▇-▇▇▇▇▇▇▇
▇▇▇▇▇▇▇▇ ▇▇▇▇▇ ▇▇▇▇▇
▇▇▇▇ ▇. ▇▇▇▇▇
▇▇▇▇▇ Grandchildren Trust 26,325
Trustees: ▇▇▇▇▇▇▇▇ ▇. ▇▇▇▇▇
▇▇▇▇▇▇▇ ▇. ▇▇▇▇▇-▇▇▇▇▇▇▇
▇▇▇▇▇▇▇▇ ▇▇▇▇▇ ▇▇▇▇▇
▇▇▇▇ ▇. ▇▇▇▇▇
▇▇▇▇▇ Spouse Trust 3,637
Trustees: ▇▇▇▇▇▇▇▇ ▇. ▇▇▇▇▇
▇▇▇▇▇▇▇ ▇. ▇▇▇▇▇-▇▇▇▇▇▇▇
▇▇▇▇▇▇▇▇ ▇▇▇▇▇ ▇▇▇▇▇
▇▇▇▇ ▇. ▇▇▇▇▇
D.C. ▇▇▇▇▇▇▇▇ Trust 1,934,443
Trustees: ▇▇▇▇▇▇▇▇ ▇. ▇▇▇▇▇
▇▇▇▇ ▇. ▇▇▇▇▇
D.C. ▇▇▇▇▇▇▇ Trust 1,934,443
Trustees: ▇▇▇▇▇▇▇ ▇. ▇▇▇▇▇-▇▇▇▇▇▇▇
▇▇▇▇ ▇. ▇▇▇▇▇
STOCKHOLDER SHARES OF CLASS B COMMON STOCK
----------- ------------------------------
D.C. ▇▇▇▇▇▇▇▇ Trust 1,878,085
Trustees: ▇▇▇▇▇▇▇▇ ▇▇▇▇▇ ▇▇▇▇▇
▇▇▇▇▇▇▇ ▇. ▇▇▇▇▇
▇.▇. ▇▇▇▇▇▇▇ Trust 1,878,085
Trustees: ▇▇▇▇▇▇▇ ▇. ▇▇▇▇▇
▇▇▇▇ ▇. ▇▇▇▇▇
▇.▇. ▇▇▇▇▇▇ Trust 1,934,443
Trustees: ▇▇▇▇▇▇ ▇. ▇▇▇▇▇
▇▇▇▇▇▇▇ ▇. ▇▇▇▇▇
▇.▇. ▇▇▇▇▇ Trust 1,934,443
Trustees: ▇▇▇▇▇ ▇. ▇▇▇▇▇
▇▇▇▇ ▇. ▇▇▇▇▇
CFD Trust No. 1 1,741,481
Trustees: ▇▇▇▇▇▇▇▇ ▇. ▇▇▇▇▇
▇▇▇▇ ▇. ▇▇▇▇▇
CFD Trust No. 2 1,741,481
Trustees: ▇▇▇▇▇▇▇ ▇. ▇▇▇▇▇-▇▇▇▇▇▇▇
▇▇▇▇ ▇▇▇▇▇
CFD Trust No. 3 1,685,123
Trustees: ▇▇▇▇▇▇▇▇ ▇▇▇▇▇ ▇▇▇▇▇
▇▇▇▇ ▇▇▇▇▇
CFD Trust No. 4 1,665,978
Trustees: ▇▇▇▇▇▇▇ ▇. ▇▇▇▇▇
▇▇▇▇ ▇▇▇▇▇
CFD Trust No. 5 1,773,391
Trustees: ▇▇▇▇▇▇ ▇. ▇▇▇▇▇
▇▇▇▇ ▇▇▇▇▇
CFD Trust No. 6 1,773,391
Trustees: ▇▇▇▇▇ ▇. ▇▇▇▇▇
▇▇▇▇ ▇. ▇▇▇▇▇
CFD Trust # 10 596,423
Trustee: ▇▇▇▇ ▇. ▇▇▇▇▇
STOCKHOLDER SHARES OF CLASS B COMMON STOCK
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▇▇▇▇ ▇▇▇▇▇ 1989 Trust 60,627
Trustee: ▇▇▇▇▇▇▇ ▇. ▇▇▇▇▇
▇▇▇▇▇▇▇ ▇▇▇▇▇▇ 1989 Trust 60,627
Trustee: ▇▇▇▇▇ ▇. ▇▇▇▇▇
▇▇▇▇▇▇▇ ▇▇▇▇▇ ▇▇▇▇ Trust 60,627
Trustee: ▇▇▇▇▇ ▇. ▇▇▇▇▇
▇▇▇▇ ▇▇▇▇▇ 1989 Trust 60,627
Trustee: ▇▇▇▇▇ ▇. ▇▇▇▇▇
▇▇▇▇▇▇▇ ▇. ▇▇▇▇▇ 2001 Family Trust 5,945,196
Trustees: ▇▇▇▇▇▇▇▇ ▇. ▇▇▇▇▇
▇▇▇▇▇ ▇. ▇▇▇▇▇
▇▇▇▇▇▇▇ ▇. ▇▇▇▇▇ 2004 Grantor Retained 5,500,000
Annuity Trust
Trustee: ▇▇▇▇▇▇▇ ▇. ▇▇▇▇▇
