Amendment No. 2
 
To
 
Asset Purchase and Sale Agreement
 
This AMENDMENT NO. 2 TO ASSET PURCHASE AND SALE AGREEMENT (this “Amendment”) is
entered to as of this 14th day of February, 2008 and amends in certain
respects that certain ASSET PURCHASE AND SALE AGREEMENT made and entered into as
of October 8, 2007 (the “Effective Date”), as amended by that certain Amendment
No. 1 to Asset Purchase and Sale Agreement, dated as of February 8, 2008
(collectively, the “Original Agreement” and as amended by this AMENDMENT No. 2,
the “Agreement”), by and among PACIFIC THEATRES EXHIBITION CORP., a California
corporation (“Pacific”), CONSOLIDATED AMUSEMENT THEATRES, INC., a Hawaii
corporation (“Consolidated” and, collectively with Pacific, “Seller”), MICHAEL
FORMAN and CHRISTOPHER FORMAN (collectively, the “Formans”), on the one hand,
and CONSOLIDATED AMUSEMENT THEATRES, INC, a Nevada corporation (“Buyer”), and
READING INTERNATIONAL, INC., a Nevada corporation (“RDI”), on the other
hand, with reference to the following facts:
 
WHEREAS, the parties desire to amend certain terms of the Original Agreement by
entering into this Amendment;
 
NOW, THEREFORE, in consideration of the foregoing recitals and the mutual
covenants, agreements, representations and warranties herein contained, the
parties hereby agree as follows:
 
 
1.           Section 9.1 of the Original Agreement is hereby deleted and
replaced with the following:
 
“9.1           Closing Date.  Subject to the satisfaction (or waiver by Buyer or
Seller as provided therein) of the conditions precedent in Articles 5 and 6
hereof, the transactions contemplated by this Agreement shall be consummated at
a closing (the “Closing”) at the offices of Weissmann Wolff Bergman Coleman
Grodin & Evall, LLP, 9665 Wilshire Boulevard, Ninth Floor, Beverly Hills,
California 90212.  The Closing shall occur on Friday, February 22, 2008 (the
“Scheduled Closing Date”).  The date of the Closing is sometimes referred to
herein as the “Closing Date.”  The Closing shall be effective as of 8:00 a.m.
(local time) on the Closing Date.”
 
 
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2.           This Amendment may be executed in two or more counterparts
(including facsimile counterparts), each of which shall be deemed an original,
but all of which together shall constitute one and the same instrument.
 
[Signature page follows]
 

 
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IN WITHNESS WHEREOF, the parties hereto have caused this Amendment to be
executed and delivered as of the date first set forth above.
 

 
PACIFIC THEATRES EXHIBITION CORP.,
a California corporation
 
 
By:  /s/ Ira S. Levin,
VP                                                             
Name:  Ira S. Levin
Its:        Vice President
 
 
 
CONSOLIDATED AMUSEMENT THEATRES, INC., a Hawaii corporation
 
 
By:  /s/ Ira S. Levin,
VP                                                             
Name:  Ira S. Levin
Its:        Vice President
 
 
 
CONSOLIDATED AMUSEMENT THEATRES, INC., a Nevada corporation
 
 
By:  /s/ Andrzej
Matyczynski                                                             
Name:  Andrzej Matyczynski
Its:        CFO
 
 
 
/s/ Michael R.
Forman                                                             
MICHAEL FORMAN
 
 
 
/s/ Christopher S.
Forman                                                             
CHRISTOPHER FORMAN
 
 
 
READING INTERNATIONAL, INC.,
a Nevada corporation
 
 
By:  /s/ Andrzej
Matyczynski                                                             
Name:  Andrzej Matyczynski
Title:    CFO

 
 
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