EXHIBIT 10.48
AMENDMENT NO. 8 dated as of December 5, 2006 to the Amended and Restated Credit,
Security, Guaranty and Pledge Agreement dated as of December 15, 2003 among
Lions Gate Entertainment Corp. and Lions Gate Entertainment Inc. (together, the
“Borrowers”), the Guarantors named therein, the Lenders referred to therein,
JPMorgan Chase Bank, National Association (formerly known as JPMorgan Chase
Bank), as Administrative Agent and as Issuing Bank for the Lenders (the
“Agent”), JPMorgan Chase Bank, National Association Toronto Branch (formerly
known as JPMorgan Chase Bank, Toronto Branch) as Canadian Agent, Bank of
America, N.A. (as successor by merger to Fleet National Bank) , as
Co-Syndication Agent and BNP Paribas, as Co-Syndication Agent (as the same may
be amended, supplemented or otherwise modified, the “Credit Agreement”).
INTRODUCTORY STATEMENT
     The Lenders have made available to the Borrowers a credit facility pursuant
to the terms of the Credit Agreement.
     The Lenders and the Agent have agreed to amend the Credit Agreement, all on
the terms and subject to the conditions herein set forth.
     Therefore, the parties hereto hereby agree as follows:
     Section 1. Defined Terms. Capitalized terms used herein and not otherwise
defined herein shall have the meaning given them in the Credit Agreement.
     Section 2. Amendments to the Credit Agreement. Subject to the satisfaction
of the conditions precedent set forth in Section 3 hereof, the Credit Agreement
is hereby amended as of the Effective Date (as hereinafter defined) as follows:
     (A) Article 1 of the Credit Agreement is hereby amended to insert the
following definition in its appropriate alphabetical sequence:

 

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          “‘Fractional Aircraft Interest’ shall mean a 12.5% fractional interest
in a Falcon 2000 executive jet aircraft and/or a single purpose trust formed
solely to hold such interest.”
     (B) The definition of “Excluded Assets” appearing in Article 1 of the
Credit Agreement is hereby amended by (a) inserting “(i)” following “mean” in
the first sentence thereof and (b) deleting the “.” following “Agreement” in the
first sentence thereof and adding clause (ii) as follows:
          “and (ii) the Fractional Aircraft Interest.”
     (C) Section 6.1(c) of the Credit Agreement is hereby amended by, following
“;”, inserting “plus, up to US$2,500,000 incurred solely to finance the
Fractional Aircraft Interest.”
     (D) Section 6.1(o) of the Credit Agreement is hereby amended by, following
“Excluded Assets”, inserting “(other than the Fractional Aircraft Interest)”.
     (E) Section 6.2(d) of the Credit Agreement is hereby amended by inserting
immediately after the phrase “US$3,000,000 at any one time outstanding;” the
phrase “plus, up to US$2,500,000 incurred solely to finance the Fractional
Aircraft Interest.”
     (F) Section 6.6 of the Credit Agreement is hereby amended by inserting,
immediately before the completion of the parenthetical, the phrase “and any
lease financing of the Fractional Aircraft Interest”.
     (G) Section 6.11 of the Credit Agreement is hereby amended by replacing
“US$5,000,000” with “US$7,500,000” and replacing “US$15,000,000” with
“US$20,000,000”.
     (H) Section 12.1(b)(ix) of the Credit Agreement is hereby amended by,
following “Excluded Assets”, inserting “(other than the Fractional Aircraft
Interest)”.
     Section 3. Conditions to Effectiveness. The effectiveness of this Amendment
is subject to the satisfaction of all of the following conditions precedent (the
date on which all such conditions have been satisfied being herein called the
“Effective Date”):
     (A) the receipt by the Agent of counterparts of this Amendment which, when
taken together, bear the signatures of the Borrowers, each Guarantor, the Agent
and all Lenders;
     (B) the payment of all fees and expenses (including, without limitation,
fees and disbursements of counsel and consultants retained by the Agent) due and
payable by any Credit Party to the Agent and/or the Lenders; and
     (C) all legal matters incident to this Amendment shall be satisfactory to
Morgan, Lewis & Bockius LLP, counsel for the Agent.
     Section 4. Representations and Warranties. Each Credit Party represents and
warrants that:

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     (A) after giving effect to this Amendment, the representations and
warranties contained in the Credit Agreement are true and correct in all
material respects on and as of the date hereof as if such representations and
warranties had been made on and as of the date hereof (except to the extent that
any such representations and warranties specifically relate to an earlier date);
     (B) after giving effect to this Amendment, no Event of Default or Default
will have occurred and be continuing on and as of the date hereof.
     Section 5. Further Assurances. At any time and from time to time, upon the
Agent’s request and at the sole expense of the Credit Parties, each Credit Party
will promptly and duly execute and deliver any and all further instruments and
documents and take such further action as the Agent reasonably deems necessary
to effect the purposes of this Amendment.
     Section 6. Fundamental Documents. This Amendment is designated a
Fundamental Document by the Agent.
     Section 7. Full Force and Effect. Except as expressly amended hereby, the
Credit Agreement and the other Fundamental Documents shall continue in full
force and effect in accordance with the provisions thereof on the date hereof.
As used in the Credit Agreement, the terms “Agreement”, “this Agreement”,
“herein”, “hereafter”, “hereto”, “hereof”, and words of similar import, shall,
unless the context otherwise requires, mean the Credit Agreement as amended by
this Amendment.
     Section 8. APPLICABLE LAW. THIS AMENDMENT SHALL BE GOVERNED BY AND
CONSTRUED IN ACCORDANCE WITH THE LAWS OF THE STATE OF NEW YORK.
     Section 9. Counterparts. This Amendment may be executed in two or more
counterparts, each of which shall constitute an original, but all of which when
taken together shall constitute but one instrument.
     Section 10. Expenses. The Borrowers agree to pay all out-of-pocket expenses
incurred by the Agent in connection with the preparation, execution and delivery
of this Amendment, including, but not limited to, the reasonable fees and
disbursements of counsel for the Agent.
     Section 11. Headings. The headings of this Amendment are for the purposes
of reference only and shall not affect the construction of or be taken into
consideration in interpreting this Amendment.

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     IN WITNESS WHEREOF, the parties hereby have caused this Amendment to be
duly executed as of the date first written above:

            BORROWERS (in their capacities both as Borrowers and as Guarantors):

LIONS GATE ENTERTAINMENT CORP.
      By   /s/         Title: General Counsel & EVP                LIONS GATE
ENTERTAINMENT INC.
      By   /s/         Title: General Counsel & EVP                Executed as a
Deed by   )    REDBUS FILM DISTRIBUTION   )    LIMITED by  )      /s/      
(Director)                  /s/       (Director/Secretary)             
GUARANTORS:
3 WISE GUYS PRODUCTIONS INC.
AM PSYCHO PRODUCTIONS, INC.
ATTRACTION PRODUCTIONS LLC
BLUE PRODUCTIONS INC.
CINEPIX ANIMATION INC./ANIMATION
     CINEPIX INC.
CINEPIX FILMS INC./FILMS CINEPIX INC.
CONFIDENCE PRODUCTIONS, INC.
CUT PRODUCTIONS INC.
DEAD ZONE PRODUCTION CORP.
DEVILS REJECTS, INC.
FINAL CUT PRODUCTIONS CORP.
                     

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            FIVE DAYS PRODUCTIONS CORP.
FRAILTY PRODUCTIONS, INC.
GC FILMS, INC.
HIGH CONCEPT PRODUCTIONS INC.
HYPERCUBE PRODUCTIONS CORP.
KING OF THE WORLD PRODUCTIONS LLC
LC PRODUCTIONS CORP.
LG PICTURES INC.
LIONS GATE FILMS CORP.
LIONS GATE FILMS DEVELOPMENT CORP.
LIONS GATE FILMS INC.
LIONS GATE FILMS PRODUCTIONS CORP./
     PRODUCTIONS FILMS
     LIONS GATE S.A.R.F.
LIONS GATE MUSIC CORP.
LIONS GATE RECORDS, INC.
LIONS GATE STUDIO MANAGEMENT LTD.
LIONS GATE TELEVISION
     DEVELOPMENT LLC
LIONS GATE TELEVISION INC.
LUCKY 7 PRODUCTIONS CORP.
MOTHER PRODUCTIONS CORP.
NGC FILMS, INC.
PLANETARY PRODUCTIONS, LLC
PROFILER PRODUCTIONS CORP.
PSYCHO PRODUCTIONS SERVICES CORP.
SCARLETT, LLC
TERRESTRIAL PRODUCTIONS CORP.
WEEDS PRODUCTIONS INC.
WILDFIRE PRODUCTIONS INC.
WRITERS ON THE WAVE
3F SERVICES, INC.
ARIMA INC.
ARTISAN ENTERTAINMENT INC.
ARTISAN FILMED PRODUCTIONS, INC.
ARTISAN HOME ENTERTAINMENT INC.
ARTISAN MUSIC INC.
ARTISAN PICTURES INC.
ARTISAN RELEASING INC.
ARTISAN TELEVISION INC.
BD OPTICAL MEDIA, INC.
BL DISTRIBUTION CORP.
CAVE PRODUCTIONS, INC.
FHCL, LLC
FILM HOLDINGS CO.
FUSION PRODUCTIONS, INC.
                     

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            LANDSCAPE ENTERTAINMENT CORP.
POST PRODUCTION, INC.
PUNISHER PRODUCTIONS, INC.
SCREENING ROOM, INC.
SILENT DEVELOPMENT CORP.
VESTRON INC.
      By   /s/         Title: General Counsel                BLAIR WITCH FILM
PARTNERS LTD.       By:   Artisan Filmed Productions Inc.       Its:   General
Partner                   By   /s/         Title: General Counsel               
Executed as a Deed by   )    REDBUS PICTURES LIMITED  )      /s/      
(Director)                  /s/       (Director/Secretary)        Executed as a
Deed by  )    REDBUS HOME ENTERTAINMENT  )    LIMITED by  )            /s/      
(Director)                  /s/       (Director/Secretary)         

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            LENDERS:

JPMORGAN CHASE BANK, NATIONAL ASSOCIATION, (formerly known as JPMorgan Chase
Bank), individually and as Administrative Agent
      By   /s/         Title: Managing Director           

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            BANK LEUMI USA
      By   /s/         Title: first Vice President                BNP PARIBAS
      By   /s/         Title: Director                      By   /s/        
Title: Vice President                CITY NATIONAL BANK
      By   /s/         Title: Senior Vice President           

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            BANK OF AMERICA, N.A. (as successor by merger to Fleet National
Bank)
      By   /s/         Title: Vice President                ISRAEL DISCOUNT BANK
OF NEW YORK
      By   /s/         Title: First Vice President                      By   /s/
        Title: Assistant Vice President                MANUFACTURERS BANK
      By   /s/         Title: Vice President           

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            U.S. BANK NATIONAL ASSOCIATION
      By   /s/         Title: Senior Vide President                SOCIETE
GENERALE
      By   /s/         Title: Managing Director                THE LEWIS HORWITZ
ORGANIZATION, a division of Imperial Capital Bank
      By   /s/           UNION BANK OF CALIFORNIA, N.A.                    By  
/s/         Title: AVP           

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            WESTLB AG (formerly Westdeutsche Landesbank
Girozentrale), NEW YORK BRANCH
      By   /s/         Title: Managing Director                      By   /s/  
      Title: Managing Director                THE ROYAL BANK OF SCOTLAND PLC
      By   /s/         Title: Senior Director                GRAYSON & CO.
      By   /s/         Title: Vice President             

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