Document:

National CineMedia, LLC and Credit Suisse International.

 Exhibit 10.8 

 

					
		 	CREDIT SUISSE INTERNATIONAL
			
	[CREDIT SUISSE LOGO]	 	 One Cabot Square
 London E14
4QJ
	 	 Telephone:    020 7888 8888
 www.credit-suisse.com

 22 May 2012 
 National Cinemedia, LLC 
 9110 East Nichols Avenue 

Suite 200 
 Centennial 

CO 
 80112-3405 

United States 
 External ID: 53199051

 Dear Sir/Madam, 
 The purpose of
this letter agreement (this “Confirmation”) is to confirm the terms and conditions of the Transaction entered into between us on the Trade Date specified below (the “Transaction”). This Confirmation constitutes a
“Confirmation” as referred to in the Agreement specified below. 
 This Confirmation amends, restates and supersedes in its
entirety all Confirmations dated prior to the date hereof in respect of this Transaction. 
 In this Confirmation “CSIN” means
Credit Suisse International and “Counterparty” means National Cinemedia, LLC. 
  

	1.	The definitions and provisions contained in the 2006 ISDA Definitions (as published by the International Swaps and Derivatives Association, Inc.) are incorporated into
this Confirmation. In the event of any inconsistency between those definitions and provisions and this Confirmation, this Confirmation will govern. References herein to a “Transaction” shall be deemed to be references to a “Swap
Transaction” for the purposes of the 2006 ISDA Definitions. 

 This Confirmation supplements, forms part of,
and is subject to, the 1992 ISDA Master Agreement (Cross Border) dated as of 02 March 2007 as amended and supplemented from time to time (the “Agreement”), between you and us. All provisions contained in the Agreement govern this
Confirmation except as expressly modified below. 
  

Registered Office as above. 
 Registered with unlimited liability in England under No.: 2500199 
 Authorised and
Regulated by the Financial Services Authority. 
 VAT No: GB 447 0737 41. 

 [CREDIT SUISSE LOGO] 

 

	2.	The terms of the particular Transaction to which this Confirmation relates are as follows: 

 

			
	Notional Amount:	  	USD 56,250,000.00, as amended in accordance with “Additional Terms” below.
		
	Trade Date:	  	02 March 2007
		
	Effective Date:	  	13 March 2007
		
	Termination Date:	  	13 February 2015, subject to adjustment in accordance with the Modified Following Business Day Convention.
		
	Floating Amounts:	  	
		
	 Floating Rate Payer:
	  	CSIN
		
	 Floating Rate Payer Payment Dates:
	  	Each 13 March, 13 June, 13 September and 13 December, commencing on 13 June 2007, and ending on 13 December 2014, inclusive, with the final Payment Date on the Termination Date,
subject to adjustment in accordance with the Modified Following Business Day Convention.
		
	 Floating Rate Option:
	  	USD-LIBOR-BBA; provided, however, that in respect of the final Calculation Period, Linear Interpolation shall apply based upon a Designated Maturity of 1 Month and a Designated
Maturity of 2 Months.
		
	 Designated Maturity:
	  	3 Months (except as noted above)
		
	 Spread:
	  	None
		
	 Floating Rate Day Count Fraction:
	  	Actual/360
		
	 Reset Dates:
	  	The first day of each Calculation Period
		
	 Compounding:
	  	Not Applicable
		
	Fixed Amounts:	  	
		
	 Fixed Rate Payer:
	  	Counterparty
		
	 Fixed Rate Payer Payment Dues:
	  	Each 13 March, 13 June, 13 September and 13 December, commencing on 13 June 2007, and ending on 13 December 2014, inclusive, with the final Payment Date on the Termination Date,
subject to adjustment in accordance with the Modified Following Business Day Convention.
		
	 Fixed Rate:
	  	4.984%
		
	 Fixed Rate Day Count Fraction:
	  	Actual/360
		
	Business Days:	  	London and New York

  
 2 

 [CREDIT SUISSE LOGO] 

 

			
	Calculation Agent:	  	CSIN, unless otherwise specified in the Agreement.

 Additional Terms: 
 In consideration of amending the Notional Amount from USD 137,500,000 to USD 56,250,000 (the “New Notional Amount”) on 27 April 2012 (the Notional Amendment Date”), Counterparty shall
pay the sum of USD 10,504,000 to CSIN for value 27 April 2012. (For the avoidence of doubt such payment has been made by Counterparty on 27 April 2012). Notwithstanding the forgoing the parties hereto agree that the Notional Amount of this
Transaction is hereby reduced for each Floating Rate Payer and Fixed Rate Payer from and including March 13, 2012. 
 Account Details:

  

			
	Payments to CSIN:	  	As advised separately in writing
		
	Payment to Counterparty:	  	As advised separately in writing.

 Credit Suisse International is authorised and regulated by the Financial Services Authority and has entered into this
transaction as principal. The time at which the above transaction was executed will be notified to Counterparty on request. 

  
 3 

 Please confirm that the foregoing correctly sets forth the terms of our agreement by signing and returning
this Confirmation. 
  

			
	 Yours faithfully,

	
	 Credit Suisse International

		
	 By:
	 	 /s/ Steve Long

		 	 Steve Long

		 	 Title: Vice President

 Confirmed as of the date first written above: 
 National Cinemedia, LLC 
  

			
	 By:
	 	National CineMedia, Inc., its Manager
		
	 By:
	 	 /s/ Gary W. Ferrera

		 	 Name: Gary W. Ferrera

		 	 Title: EVP/CFONational CineMedia, LLC and JPMorgan Chase Bank, N.A.

 Exhibit 10.9 
 J.P.Morgan 
 Partial Termination of an Interest Rate Swap Transaction

 The purpose of this letter agreement is to confirm the partial termination of the Transaction entered into between: 

JPMORGAN CHASE BANK, N.A. 
 (“JPMorgan”) 
 and 

NATIONAL CINEMEDIA, LLC 
 (the “Counterparty”) 
 on the Trade Date and identified by the JPMorgan Deal Number
specified below (the “Transaction”). This letter agreement constitutes a “Confirmation” as referred to in the Master Agreement specified below, and supersedes any previous confirmation or other writing with respect to the
transaction described below. 
 The definitions and provisions contained in the 2006 ISDA Definitions (the “Definitions”), as
published by the International Swaps and Derivatives Association, Inc. are incorporated into this Confirmation. In the event of any inconsistency between those definitions and provisions and this Confirmation, this Confirmation shall govern.

 This Confirmation supplements, forms part of, and is subject to, the ISDA Master Agreement dated as of 06 August 2007, as amended and
supplemented from time to time (the “Agreement”), between JPMORGAN CHASE BANK, N.A. (“JPMorgan”) and NATIONAL CINEMEDIA, LLC (the “Counterparty”). All provisions contained in the Agreement govern this Confirmation
except as expressly modified below. 

  
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 J.P.Morgan 

 

 The terms of the particular Interest Rate Swap Transaction to which this Confirmation relates are as
follows: 
 A. TRANSACTION DETAILS 
  

			
	JPMorgan Deal Number(s):	  	6900033659368
		
	Previous Notional Amount:	  	USD 137,500,000.00
		
	Revised National Amount:	  	USD 56,250,000.00 All calculations up to and including 13 March 2012 refer to the Previous Notional Amount specified above. All calculations after 13 March 20012 refer to the
Revised Notional Amount specified above.
		
	Trade Date:	  	02 March 2007
		
	Effective Date:	  	13 March 2007
		
	Termination Date:	  	13 February 2015 subject to adjustment in accordance with the Modified Following Business Day Convention.
		
	Fixed Amounts:	  	
		
	Fixed Rate Payer:	  	Counterparty
		
	Fixed Rate Payer Payment Dates:	  	The 13 June, 13 September, 13 December and 13 March in each year, from and including 13 June 2007 to 13 December 2014 and including the Termination Date, subject to adjustment in
accordance with the Modified Following Business Day Convention and there will be an adjustment to the Calculation Period.
		
	Fixed Rate:	  	4.98400 percent
		
	Fixed Rate Day Count Fraction:	  	Actual/360
		
	Business Days:	  	New York, London
		
	Floating Amounts:	  	
		
	Floating Rate Payer:	  	JPMorgan
		
	Floating Rate Payer Payment Dates:	  	The 13 June, 13 September, 13 December and 13 March in each year, from and including 13 June 2007 to 13 December 2014 and including the Termination Date, subject to adjustment in
accordance with the Modified Following Business Day Convention and there will be an adjustment to the Calculation Period.

  
 Page 2 of 6

 J.P.Morgan 

 

			
	Floating Rate for initial Calculation Period:	  	5.34000 percent
		
	Floating Rate Option:	  	USD-LIBOR-BBA
		
	Designated Maturity:	  	3 Month
		
	Spread:	  	None
		
	Floating Rate Day Count Fraction:	  	Actual/360
		
	Reset Dates:	  	The first day of each Calculation Period.
		
	Compounding:	  	Inapplicable
		
	Business Days:	  	New York, London
		
	Calculation Agent:	  	JPMorgan, unless otherwise stated in the Agreement.
		
	 Fee Paid from Counterparty:
 Fee Type:
 Payment Date:
	  	 USD 10,504,000.00

Partial Termination
 27 April 2012
subject to adjustment in accordance with the Following Business Day Convention. Notwithstanding the effective date of April 27, 2012 for the Cancellation provided for hereby, the parties hereto agree that the notional amount of the Transaction
canceled hereby is, for calculation purposes, deemed to be canceled effective March 13, 2012.

		
	 B. ACCOUNT DETAILS: 
  

Payments to JPMorgan in USD:
	  	
		
		  	 JPMORGAN CHASE BANK, N.A.

BIC: CHASUS33XXX
 A/C No: 099997979

JPMORGAN CHASE BK NATL ASSOC, NEW YORK
 BIC:
CHASUS33XXX

		
	Payments to Counterparty in USD:	  	As per your standard settlement instructions.
		
	C. OFFICES	  	
		
	JPMorgan:	  	NEW YORK
		
	Counterparty:	  	CENTENNIAL
		
	D. DOCUMENTS TO BE DELIVERED	  	

  
 Page 3 of 6

 J.P.Morgan 

 

 Each party shall deliver to the other, at the time of its execution of this Confirmation, evidence of
the incumbency and specimen signature of the person(s) executing this Confirmation, unless such evidence has been previously supplied and remains true and in effect. 
 E. RELATIONSHIP BETWEEN PARTIES 
 Each party will be deemed to represent to the other party
on the date on which it enters into a Transaction that (absent a written agreement between the parties that expressly imposes affirmative obligations to the contrary for that Transaction): 
 (a) Non-Reliance. It is acting for its own account, and it has made its own independent decisions to enter into that Transaction and as to whether that Transaction is appropriate or proper for it
based upon its own judgment and upon advice from such advisers as it has deemed necessary. It is not relying on any communication (written or oral) of the other party as investment advice or as a recommendation to enter into that Transaction; it
being understood that information and explanations related to the terms and conditions of a Transaction shall not be considered investment advice or a recommendation to enter into that Transaction. No communication (written or oral) received from
the other party shall be deemed to be an assurance or guarantee as to the expected results of that Transaction. 
 (b) Assessment and
Understanding. It is capable of assessing the merits of and understanding (on its own behalf or through independent professional advice), and understands and accepts, the terms, conditions and risks of that Transaction. It is capable of
assuming, and assumes the risks of that Transaction. 
 (c) Status of Parties. The other party is not acting as a fiduciary for or an
adviser to it in respect of that Transaction. 

  
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 J.P.Morgan 

 

 Please confirm that the foregoing correctly sets forth the terms of our agreement by executing a copy of
this Confirmation and returning it to us or by sending to us a letter, telex or facsimile substantially similar to this letter, which letter, telex or facsimile sets forth the material terms of the Transaction to which this Confirmation relates and
indicates agreement to those terms. When referring to this Confirmation, please indicate: JPMorgan Deal Number(s): 6900033659368 
 JPMorgan
Chase Bank, N.A. 
  

			
	 /s/ Carmine Pilla

	Name:	 	Carmine Pilla
	Title:	 	Executive Director

 Accepted and confirmed as of the date 
 first above written: 
 NATIONAL CINEMEDIA, LLC 

 

			
	 /s/
                                        

	
	 By NATIONAL CINEMEDIA, INC, its manager

	
	 /s/ Gary W. Ferrera

	Name:	 	Gary W. Ferrera
	 Title:
	 	EVP/CFO
	Your reference number:     6900033659368

  
 Page 5 of 6

 J.P.Morgan 

 

 Client Service Group 
 All queries regarding confirmations should be sent to: 
 JPMorgan Chase Bank, N.A.

 Contacts  

JPMorgan
Contact                             Telephone Number 

Client Service Group 
 Group E-mail
address: 

Facsimile:                       
         (001) 888 803 3606 
 Telex: 

Cable: 
 Please quote JPMorgan deal
number(s): 6900033659368. 

  
 Page 6 of 6

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