Document:

<PAGE>

                                                                   Exhibit 10.32

                              CARMIKE CINEMAS, INC.
                            2004 INCENTIVE STOCK PLAN
                             STOCK GRANT CERTIFICATE

This Stock Grant Certificate evidences a Stock Grant made pursuant to the
Carmike Cinemas, Inc. 2004 Incentive Stock Plan of [amount] shares of restricted
Stock to [officer], who shall be referred to as "Executive". This Stock Grant is
granted effective as of [date], which shall be referred to as the "Grant Date."

                                          CARMIKE CINEMAS, INC.

                                          By:
                                              -----------------------
                                          Date:
                                                ---------------------

                              TERMS AND CONDITIONS

     ss. 1. PLAN AND STOCK GRANT CERTIFICATE. This Stock Grant is subject to all
of the terms and conditions set forth in this Stock Grant Certificate and in the
Plan. If a determination is made that any term or condition set forth in this
Stock Grant Certificate is inconsistent with the Plan, the Plan shall control.
All of the capitalized terms not otherwise defined in this Stock Grant
Certificate shall have the same meaning in this Stock Grant Certificate as in
the Plan. A copy of the Plan will be made available to Executive upon written
request to the Chief Financial Officer of Carmike.

     ss. 2. STOCKHOLDER STATUS. Executive shall have the right under this Stock
Grant to receive ordinary cash dividends on all of the shares of Stock subject
to this Stock Grant and to vote such shares until Executive's right to such
shares is forfeited or becomes nonforfeitable. If Executive forfeits his shares
under Section 3, Executive shall at the same time forfeit Executive's right to
vote such shares and to receive ordinary cash dividends paid with respect to
such shares. Any extraordinary cash dividends and any Stock dividends or other
distributions of property made with respect to shares that remain subject to
forfeiture under Section 3 shall be held by Carmike, and Executive's rights to
receive such dividends or other property shall be forfeited or shall be
nonforfeitable at same time the shares of Stock with respect to which the
dividends or other property are attributable are forfeited or become
nonforfeitable. Except for the rights to receive ordinary cash dividends and
vote the shares of Stock subject to this Stock Grant which are described in this
Section 2, Executive shall have no rights as a stockholder with respect to such
shares of Stock until Executive's interest in such shares has become
nonforfeitable.

<PAGE>

     ss. 3. VESTING AND FORFEITURE.

            (a)      Vesting.  Subject to Section 3(b):
                     (i)      if Executive remains continuously employed
                              by Carmike until __________, Executive's
                              interest in one third of the Stock (rounded
                              down to the nearest whole share of Stock)
                              subject to this Stock Grant shall become
                              nonforfeitable as of _________;

                     (ii)     if Executive remains continuously employed
                              by Carmike until ___________, Executive's
                              interest in one third of the Stock (rounded
                              down to the nearest whole share of Stock)
                              subject to this Stock Grant shall become
                              nonforfeitable as of _________;

                     (iii)    if Executive remains continuously employed
                              by Carmike until ___________, Executive's
                              interest in all remaining Stock subject to
                              this Stock Grant shall become nonforfeitable
                              as of ________.

            (b)      Forfeiture. If Executive's employment with Carmike
                     terminates for any reason before his interest in
                     shares of Stock subject to this Stock Grant have
                     become nonforfeitable under Section 3(a), then he
                     shall forfeit all such shares of Stock subject to
                     this Stock which have not become nonforfeitable under
                     Section 3(a).

     ss. 4. STOCK CERTIFICATES. Carmike shall issue a stock certificate for the
shares of Stock subject to this Stock Grant in the name of Executive upon
Executive's execution of the irrevocable stock power in favor of Carmike
attached as Exhibit A. The Chief Executive Officer of Carmike shall hold such
stock certificate representing such shares and any distributions made with
respect to such shares (other than ordinary cash dividends) until such time as
Executive's interest in such shares has become nonforfeitable or has been
forfeited. As soon as practicable after the date as of which his interest in any
shares becomes nonforfeitable under Section 3(a), Carmike shall issue to
Executive a stock certificate reflecting the shares in which his interest has
become nonforfeitable on such date (together with any distributions made with
respect to the shares that have been held by Carmike). If shares are forfeited,
the shares (together with any distributions made with respect to the shares that
have been held by Carmike) automatically shall revert back to Carmike.

     ss.5. NONTRANSFERABLE. No rights granted under this Stock Grant Certificate
shall be transferable by Executive.

     ss. 6. OTHER LAWS. Carmike shall have the right to refuse to transfer
shares of Stock subject to this Stock Grant to Executive if Carmike acting in
its absolute discretion determines that the transfer of such shares is (in the
opinion of Carmike's legal counsel) likely to violate any applicable law or
regulation.

     ss.7. NO RIGHT TO CONTINUE SERVICE. Neither the Plan, this Stock Grant
Certificate, nor any related material shall give Executive the right to continue
in the employment of or service of Carmike.

                                       2
<PAGE>

     ss.8. GOVERNING LAW. The Plan and this Stock Grant Certificate shall be
governed by the laws of the State of Delaware.

     ss.9. BINDING EFFECT. This Stock Grant Certificate shall be binding upon
Carmike and Executive and their respective heirs, executors, administrators and
successors.

     ss. 10. HEADINGS AND SECTIONS. The headings contained in this Stock Grant
Certificate are for reference purposes only and shall not affect in any way the
meaning or interpretation of this Stock Grant Certificate. All references to
sections in this Stock Grant Certificate shall be to sections of this Stock
Grant Certificate unless otherwise expressly stated as part of such reference.

                                       3
<PAGE>

                                    EXHIBIT A

                             IRREVOCABLE STOCK POWER

     As a condition to the issuance to the undersigned of a stock certificate
for the _____ shares of Stock which were granted to the undersigned as a Stock
Grant under the Carmike Cinemas, Inc. 2004 Incentive Stock Plan in the Stock
Grant Certificate dated _________, the undersigned hereby executes this
Irrevocable Stock Power in order to sell, assign and transfer to Carmike
Cinemas, Inc. the shares of Stock subject to such Stock Grant for purposes of
effecting any forfeiture called for under Section 3 of the Stock Grant
Certificate and does hereby irrevocably give Carmike Cinemas, Inc. the power
(without any further action on the part of the undersigned) to transfer such
shares of Stock on its books and records back to Carmike Cinemas, Inc. to effect
any such forfeiture. This Irrevocable Stock Power shall expire automatically
with respect to the shares of Stock on the date such shares of Stock are no
longer subject to forfeiture under Section 3 of such Stock Grant Certificate.

                                        ___________________________________

                                        ___________________________________

                                        Date<PAGE>
                                                                   EXHIBIT 10.36

                                FOURTH AMENDMENT

          FOURTH AMENDMENT, dated as of June 2, 2006 (this "AMENDMENT"), to the
Credit Agreement, dated as of May 19, 2005 (as amended, supplemented or
otherwise modified from time to time, the "CREDIT AGREEMENT"), among CARMIKE
CINEMAS, INC., a Delaware corporation (the "BORROWER"), the several banks and
other financial institutions from time to time parties thereto (the "LENDERS"),
WELLS FARGO FOOTHILL, INC., as Documentation Agent (in such capacity, the
"DOCUMENTATION AGENT"), and BEAR STEARNS CORPORATE LENDING INC., as
administrative agent (in such capacity, the "ADMINISTRATIVE AGENT").

                              W I T N E S S E T H:

          WHEREAS, pursuant to the Credit Agreement, the Lenders have agreed to
make certain extensions of credit to the Borrower; and

          WHEREAS, the Borrower, the Lenders and the Administrative Agent desire
to amend the Credit Agreement on the terms and subject to the conditions set
forth herein;

          NOW, THEREFORE, in consideration of the premises and mutual covenants
contained herein, the Borrower, the Lenders and the Administrative Agent hereby
agree as follows:

          SECTION 1.1. Defined Terms. Unless otherwise defined herein, terms
defined in the Credit Agreement and used herein shall have the meanings given to
them in the Credit Agreement.

          SECTION 1.2. AMENDMENTS TO SECTION 1.1 TO THE CREDIT AGREEMENT.
Section 1.1 of the Credit Agreement is hereby amended by deleting the
definitions of "Applicable Margin" and "Delayed-Draw Term Commitment" in their
entirety and inserting, in proper alphabetical order, the following new defined
terms and related definitions:

          "AMENDMENT EFFECTIVE DATE": as defined in the Fourth Amendment.

          "APPLICABLE MARGIN": for each Type of Loan (other than Other Term
     Loans), the rates per annum set forth below, subject to Section 4.16(a),
     based on the then applicable Ratings with any adjustments to become
     effective on the day after any change in such Ratings by either or both of
     Moody's and/or S&P:

<TABLE>
<CAPTION>

   ======================================================= =========================== =============================
   RATING                                                  EURODOLLAR LOANS            BASE RATE LOANS
   ------------------------------------------------------- --------------------------- -----------------------------
<S>                                                                  <C>                          <C>
   B1 or better by Moody's and                                       2.50%                        1.50%
   B or better by S&P
   ------------------------------------------------------- --------------------------- -----------------------------
   B2 by Moody's and B or better by S&P                              2.75%                        1.75%
   ------------------------------------------------------- --------------------------- -----------------------------
   B3 by Moody's and B- by S&P                                       3.25%                        2.25%
   ------------------------------------------------------- --------------------------- -----------------------------
    Caa1 or lower by Moody's or CCC+ or lower by S&P                 3.50%                        2.50%
   ======================================================= =========================== =============================
</TABLE>

<PAGE>

     ; PROVIDED, that, (i) if each of Moody's and S&P has not issued or
     reaffirmed a Rating on or after May 26, 2006 and on or prior to the
     Amendment Effective Date, the rate of interest applicable to Eurodollar
     Loans shall be 3.25% and the rate of interest applicable to Base Rate Loans
     shall be 2.25% until such Ratings are issued or reaffirmed and the
     Applicable Margin thereafter will be based on such issued or reaffirmed
     Ratings, (ii) unless the financial statements and other items specified in
     Sections 7.1 and 7.2 for the periods ended December 31, 2005 and March 31,
     2006 (the "REQUIRED INFORMATION") shall have been delivered to the Lenders
     on or prior to July 1, 2006, the Applicable Margin with respect to the
     Loans shall be increased by 0.50% per annum until the earlier of delivery
     of the Required Information and July 27, 2006 and (iii) if there is a split
     in the Ratings issued by Moody's and S&P then the lower of such Ratings
     shall apply.

          "DELAYED-DRAW TERM COMMITMENT": as to any Lender, the obligation of
     such Lender, if any, to make a Delayed-Draw Term Loan to the Borrower
     hereunder in a principal amount not to exceed the amount set forth under
     the heading "Delayed-Draw Term Commitment" under such Lender's name on such
     Lender's Addendum, as such amount may be reduced pursuant to Section 4.1(b)
     or Section 2.2(b). The original aggregate amount of the Delayed-Draw Term
     Commitments as of the Closing Date is $185,000,000.

          "FOURTH AMENDMENT": shall mean the Fourth Amendment to this Agreement
     dated as of June 2, 2006.

          "FINANCIAL STATEMENTS": as defined in Section 5.16.

          "MOODY'S": Moody's Investors Service, Inc., or any successor or
     assignee of the business of such company in the business of rating
     securities.

          "PERMITTED EVENT": either of (i) a sale of all or substantially all of
     the Capital Stock or assets of the Borrower or another event taken with the
     consent of a majority of the members of the board of directors of the
     Borrower that would constitute an Event of Default under Section 9(k)(i) or
     (ii) the issuance by the Borrower of up to $150,000,000 of senior
     subordinated or subordinated debt securities.

          "RATINGS": at any time, the corporate credit ratings of the Borrower
     assigned by Moody's and S&P at such time.

          "S&P": Standard & Poor's Ratings Group, a division of McGraw Hill,
     Inc., or any successor or assignee of the business of such division in the
     business of rating securities.

                                       2
<PAGE>

     SECTION 1.3. AMENDMENTS TO SECTION 2.2 TO THE CREDIT AGREEMENT. Section 2.2
of the Credit Agreement is hereby amended to delete paragraph (b) and the last
paragraph of such Section 2.2 in their entirety and substituting in lieu thereof
the following:

          "(b) The Borrower may request, on a date on or before June 13, 2006
     (the "DELAYED-DRAW NOTICE DATE") that the Delayed-Draw Lenders shall make
     Delayed-Draw Term Loans on a specified date not later than the third
     Business Day after the Delayed-Draw Notice Date by executing and delivering
     to the Administrative Agent a Delayed-Draw Activation Notice (which notice
     must be received by the Administrative Agent prior to 10:00 A.M., New York
     City time, three Business Days prior to the date specified for funding of
     the Delayed-Draw Term Loans specifying (x) the amount of such Delayed-Draw
     Term Loans and (y) the Type of such Delayed-Draw Term Loans. Upon receipt
     of such notice the Administrative Agent shall promptly notify each
     Delayed-Draw Term Lender thereof. Not later than 12:00 Noon, New York City
     time, on the date specified for funding of the Delayed-Draw Term Loans each
     Delayed-Draw Term Lender shall make available to the Administrative Agent
     at the Funding Office an amount in immediately available funds equal to the
     Delayed-Draw Term Loan to be made by such Lender. The Administrative Agent
     shall promptly make available to the Borrower on the date specified for
     funding of the Delayed-Draw Term Loans, by wire transfer of immediately
     available funds to a bank account designated in writing by the Borrower,
     the aggregate of the amounts made available to the Administrative Agent by
     the Delayed-Draw Term Lenders in immediately available funds. Any
     Delayed-Draw Term Commitments not drawn on such funding date shall be
     automatically and permanently cancelled notwithstanding any other
     provisions of this Agreement."

     SECTION 1.4. AMENDMENTS TO SECTION 4.1 TO THE CREDIT AGREEMENT. Section 4.1
of the Credit Agreement is hereby amended by inserting at the end of the first
sentence thereof and immediately prior to the period the following: "; provided,
further that any optional prepayment of the Term Loans during the first year
following the Amendment Effective Date shall be accompanied by a prepayment fee
in an amount equal to 1% of the principal amount so prepaid, other than to the
extent such prepayment occurs as a result of or with the proceeds of a Permitted
Event".

     SECTION 1.5. AMENDMENTS TO SECTION 4.2(E) TO THE CREDIT AGREEMENT. Section
4.2(e) of the Credit Agreement is hereby amended by inserting at the end thereof
the following new sentence: "Any prepayment of the Term Loans pursuant to this
Section 4.2 (other than pursuant to paragraph (d)) during the first year
following the Amendment Effective Date shall be accompanied by a prepayment fee
in an amount equal to 1% of the principal amount so prepaid, other than to the
extent such prepayment occurs as a result of or with the proceeds of a Permitted
Event".

     SECTION 1.6. AMENDMENTS TO SECTION 4.8(E) TO THE CREDIT AGREEMENT. Section
4.8(e) of the Credit Agreement is hereby amended by inserting immediately before
the last sentence of such Section 4.8(e) the following:

                                       3
<PAGE>

     "In addition to the rights described above, in the event that the
     Administrative Agent shall make available to the Borrower all or any
     portion of the Delayed-Draw Term Loans of any Delayed-Draw Lender on the
     funding date for such Loans and such Delayed-Draw Lender shall fail to make
     available to the Administrative Agent a corresponding amount by 5:00 PM New
     York City time on the Amendment Effective Date, the Administrative Agent in
     its sole discretion shall be entitled to immediately and without further
     action on the part of such Delayed-Draw Lender register a transfer of such
     Delayed-Draw Lender's Delayed-Draw Term Loans to a replacement Delayed-Draw
     Lender, which shall be Bear Stearns Corporate Lending Inc. ("BEAR
     STEARNS"). Bear Stearns agrees to purchase any such Delayed-Draw Term Loans
     at par and in accordance with Section 11.6 (other than the requirement for
     the signature of the defaulting Delayed-Draw Lender on the Assignment and
     Assumption in connection with such transfer). In addition to any other
     remedies the Borrower or Bear Stearns may have against such defaulting
     Delayed-Draw Lender, Bear Stearns shall be entitled to recover from such
     defaulting Delayed-Draw Lender the difference (if positive) between par and
     the amount for which it is able to sell such purchased Delayed-Draw Term
     Loans in the secondary market."

     SECTION 1.7. AMENDMENTS TO SECTION 5.16 TO THE CREDIT AGREEMENT. Section
5.16 of the Credit Agreement is hereby amended by deleting such Section 5.16 in
its entirety and substituting in lieu thereof the following Section 5.16:

          "5.16 USE OF PROCEEDS. The proceeds of the Initial Term Loans made on
     the Closing Date shall be used to finance a portion of the Acquisition and
     to pay related fees and expenses. The proceeds of any Incremental Term
     Loans shall be used to finance Permitted Acquisitions and to pay related
     fees and expenses. The proceeds of any Delayed-Draw Term Loans shall be
     used to repay the Senior Subordinated Notes in the event those obligations
     are accelerated as result of the failure of the Borrower to deliver and
     file its annual financial statements and related report on Form 10-K in
     respect of the fiscal year ended December 31, 2005, or its quarterly
     financial statements and related report on Form 10-Q in respect of the
     fiscal quarter ended March 31, 2006 (collectively, the "FINANCIAL
     STATEMENTS") with the Securities and Exchange Commission, or to purchase
     the Senior Subordinated Notes in a tender offer prior to or after the time
     the Senior Subordinated Notes become accelerable as a result of the failure
     to deliver and file the Financial Statements and, in each case, to pay
     related premiums, fees and expenses. The proceeds of the Revolving Loans
     shall be used together with the proceeds of the Swingline Loans and the
     Letters of Credit for any general corporate purposes."

     SECTION 1.8. AMENDMENTS TO SECTION 7.1 TO THE CREDIT AGREEMENT. Section 7.1
of the Credit Agreement is hereby amended by (i) deleting the parenthetical
immediately after the word "Borrower" in the second line of paragraph (a)
thereof, that was inserted pursuant to the Third Amendment to the Credit
Agreement, and inserting the following: "(or, in the case of the fiscal year
ended December 31, 2005, no later than July 27, 2006)" and (ii) deleting the
parenthetical immediately after the word "Borrower" in the second line of

                                       4
<PAGE>

paragraph (b) thereof that was inserted pursuant to the Third Amendment to the
Credit Agreement, and inserting the following: "(or, in the case of the fiscal
quarter ended March 31, 2006, no later than July 27, 2006)".

          SECTION 1.9. AMENDMENTS TO SECTION 7.2(D) TO THE CREDIT AGREEMENT.
Section 7.2(d) of the Credit Agreement is hereby amended by deleting the phrase
"or on or prior to June 30, 2006 in the case of the fiscal quarter ended March
31, 2006", that was inserted pursuant to the Third Amendment to the Credit
Agreement, and inserting the following: "or on or prior to July 27, 2006 in the
case of the fiscal quarter ended March 31, 2006".

          SECTION 1.10. AMENDMENTS TO SECTION 8.1(A) TO THE CREDIT AGREEMENT.
Section 8.1(a) of the Credit Agreement is hereby amended by replacing the first
line of the first table specified in Section 8.1(a) with the following:

                  "December 31, 2005 through March 31, 2006   4.35 to 1.00

                  June 30, 2006                               5.00 to 1.00"

          SECTION 1.11. AMENDMENTS TO SECTION 8.9 TO THE CREDIT AGREEMENT.
Section 8.9 of the Credit Agreement is hereby amended to add at the end of such
Section 8.9 the following proviso:

          "PROVIDED, that, notwithstanding the foregoing, the Borrower may repay
     the Senior Subordinated Notes with the proceeds of the Delayed-Draw Term
     Loans in the event those obligations are accelerated as result of the
     failure of the Borrower to deliver and file the Financial Statements with
     the Securities and Exchange Commission at the respective times required to
     be delivered under the Senior Subordinated Note Indenture or to purchase
     the Senior Subordinated Notes in a tender offer prior to or after the time
     the Senior Subordinated Notes become accelerable as a result of the failure
     to deliver and file the Financial Statements."

          SECTION 1.12. LIMITATION ON BORROWING OF REVOLVING CREDIT LOANS.
During the period from the Amendment Effective Date (as defined below) to the
date (the "TRIGGER DATE") of delivery of the Required Information (as defined in
the Fourth Amendment to the Credit Agreement), and subject to compliance with
the conditions to borrowing thereof contained in the Credit Agreement, the
maximum principal amount of Revolving Extensions of Credit that may be
outstanding on or prior to the Trigger Date shall not exceed $10,000,000.

          SECTION 1.13. CONDITIONS TO EFFECTIVENESS. This Amendment shall become
effective as of the date hereof on the date (the "AMENDMENT EFFECTIVE DATE") on
which the following conditions are satisfied:

     (a) the Borrower, the Administrative Agent, the Required Lenders and the
Majority Facility Lenders in respect of the Delayed-Draw Term Facility shall
have executed and delivered to the Administrative Agent this Amendment (and such
execution and delivery shall be deemed a waiver of any Default or Event of
Default that may be deemed to have occurred or exist under (i) Section 9(e) of
the Credit Agreement as a result of any default or event of default that may

                                       5
<PAGE>

have occurred or exist under the Senior Subordinated Note Indenture as a result
of the holders or beneficiaries of the Senior Subordinated Notes having the
right (or a trustee or agent on behalf of such holder or beneficiary) to cause,
with the giving of notice if required, any of the Senior Subordinated Notes to
become due prior to its stated maturity or to become subject to a mandatory
offer to purchase by the Borrower (or any Guarantee Obligation in respect
thereof to become payable) as a result of the failure to deliver and file the
Financial Statements) or (ii) Section 9(b) or 9(d) of the Credit Agreement as a
result of any of the financial statements previously delivered by the Borrower
pursuant to Section 5.1 of the Credit Agreement, together with related financial
information pursuant to Sections 7.1 and 7 .2 of the Credit Agreement, being the
subject of a restatement of such financial statements, so long as any such
restatements do not reflect additional cash charges, on a cumulative basis, in
excess of $1,000,000);

     (b) either (i) the Senior Subordinated Notes shall have been duly
accelerated or (ii) the Borrower shall have consummated the tender offer to
purchase the Senior Subordinated Notes; and

     (c) the Administrative Agent shall have received all fees required to be
paid to it on or before the Amendment Effective Date under Section 1.15(a)
hereof and all expenses required to be paid to it under Section 1.15(b) hereof
for which invoices have been presented prior to the Amendment Effective Date.

          SECTION 1.14. REPRESENTATION AND WARRANTIES. To induce the
Administrative Agent to enter into this Amendment, the Borrower hereby
represents and warrants to the Administrative Agent and all of the Lenders as of
the Amendment Effective Date that:

          (a) CORPORATE POWER; AUTHORIZATION; ENFORCEABLE OBLIGATIONS.

               (i) The Borrower has the corporate power and authority, and the
          legal right, to make and deliver this Amendment and to perform its
          obligations under the Loan Documents, as amended by this Amendment,
          and has taken all necessary corporate action to authorize the
          execution, delivery and performance of this Amendment and the
          performance of the Loan Documents, as so amended.

               (ii) No consent or authorization of, approval by, notice to,
          filing with or other act by or in respect of, any Governmental
          Authority or any other Person is required in connection with the
          execution and delivery of this Amendment or with the performance,
          validity or enforceability of the Loan Documents, as amended by this
          Amendment, except as otherwise provided in Section 5.4 of the Credit
          Agreement.

               (iii) This Amendment has been duly executed and delivered on
          behalf of the Borrower.

               (iv) This Amendment and each Loan Document, as amended by this
          Amendment, constitutes a legal, valid and binding obligation of the
          Borrower enforceable against the Borrower in accordance with its
          terms, except as affected by bankruptcy, insolvency, fraudulent
          conveyance, reorganization, moratorium and other similar laws relating
          to or affecting the enforcement of creditors' rights generally,
          general equitable principles (whether considered in a proceeding in
          equity or at law) and an implied covenant of good faith and fair
          dealing.

                                       6
<PAGE>

          (b) REPRESENTATIONS AND WARRANTIES. The representations and warranties
made by the Borrower in and pursuant to the Loan Documents are true and correct
in all material respects on and as of the Amendment Effective Date, after giving
effect to the effectiveness of this Amendment, as if made on and as of the
Amendment Effective Date.

          SECTION 1.15. PAYMENT OF FEES AND EXPENSES.

          (a) AMENDMENT FEE. In the event that the Required Lenders execute and
deliver this Amendment and the alternate version of a Fourth Amendment to the
Credit Agreement dated as of the date hereof, and whether or not the Amendment
Effective Date shall occur, the Borrower shall pay to the Administrative Agent,
for the ratable benefit of the Lenders consenting to this Amendment, an
amendment fee in the amount of 0.25% on the principal amount of each such
Lender's outstanding Initial Term Loans, Delayed-Draw Commitment and Revolving
Commitment immediately prior to the Amendment Effective Date, payable on June 2,
2006.

          (b) EXPENSES. The Borrower agrees to pay or reimburse the
Administrative Agent for all of its reasonable out-of-pocket costs and expenses
incurred in connection with this Amendment, any other documents prepared in
connection herewith and the transactions contemplated hereby, including, without
limitation, the reasonable fees and disbursements of counsel to each Agent.

          SECTION 1.16. NO OTHER AMENDMENTS; CONFIRMATION. Except as expressly
amended, modified and supplemented hereby, the provisions of the Credit
Agreement and the other Loan Documents are and shall remain in full force and
effect.

          SECTION 1.17. GOVERNING LAW; COUNTERPARTS. (a) This Amendment and the
rights and obligations of the parties hereto shall be governed by, and construed
and interpreted in accordance with, the laws of the State of New York.

          (b) This Amendment may be executed by one or more of the parties to
this Amendment on any number of separate counterparts, and all of said
counterparts taken together shall be deemed to constitute one and the same
instrument.

                                       7
<PAGE>

          IN WITNESS WHEREOF, the parties hereto have caused this Amendment to
be duly executed and delivered by their respective proper and duly authorized
officers as of the day and year first above written.

                                 CARMIKE CINEMAS, INC.

                                 By: /s/ LEE CHAMPION
                                    --------------------------------------------
                                      Name:      Lee Champion
                                      Title:     SVP, Gen. Counsel & Secretary

                                       8
<PAGE>

                                 BEAR STEARNS CORPORATE LENDING INC.,
                                      as Administrative Agent and as a Lender

                                 By:  /s/ VICTOR BULZACCHELL
                                   ---------------------------------------------
                                      Name:  Victor Bulzacchelli
                                      Title:  Vice President

                                       9
<PAGE>

                       WELLS FARGO FOOTHILL, N.A.,
                            as Issuing Lender, Documentation Agent and a Lender

                       By:  /s/ DENA SEK
                         ------------------------------------------------------
                       Name: Dena Seki
                       Title:  Vice President

                                       10

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