Document:

amch_Ex4_2

		

			 

		

		
			EXHIBIT 4.2
		

		
			 
		

		
			SECOND SUPPLEMENTAL INDENTURE
		

		
			This SECOND SUPPLEMENTAL INDENTURE, dated as of April 24, 2020 (this “Second Supplemental Indenture”), is made and entered into by AMC Entertainment Holdings, Inc., a Delaware corporation (the “Company”), and U.S. Bank National Association, a national banking association, as trustee (in such capacity, the “Trustee”). Capitalized terms used herein and not otherwise defined have the meanings set forth in the Base Indenture referred to below.
		

		
			RECITALS
		

		
			A. Section 9.02 of the Indenture, dated as of September 14, 2018, by and between the Company and the Trustee (the “Base Indenture”, as supplemented by the First Supplemental Indenture, dated as of May 10, 2019, among Carmike Cinemas, LLC, a Delaware limited liability company, and Eastwynn Theatres, LLC, an Alabama limited liability company, each, a subsidiary of the Company, and the Trustee (the “First Supplemental Indenture and, together with the Base Indenture and this Second Supplemental Indenture, the “Indenture”)), pursuant to which the Company issued its 2.95% Convertible Senior Notes due 2024, provides that the Company may amend or supplement the Base Indenture, the Guarantees or the Securities with the written consent of the Holders of at least a majority in aggregate principal amount of the outstanding Securities (provided that any amendment or supplement to the Base Indenture that makes certain specified changes requires the consent of the Holder of each outstanding Security affected).
		

		
			B. The Holders of a majority in aggregate principal amount of the outstanding Securities have executed a written instrument consenting to the amendment set forth herein. 
		

		
			NOW, THEREFORE, in consideration of the mutual agreements and covenants set forth herein, the parties hereto agree, subject to the terms and conditions hereinafter set forth, as follows for the benefit of the Trustee and the Holders of the Securities:
		

		
			Section 1.  Amendments.  The following terms in Section 1.01 of the Base Indenture are amended and restated as follows: 
		

			
	
			
				 (a)
			

			
	
			
			A new definition of “Additional First Lien Indebtedness” shall be added to Section 1.01 of the Indenture as follows: “Additional First Lien Indebtedness” means initially, $500,000,000 in aggregate principal amount of the First Lien Notes due 2025 issued by the Company on April 24, 2020 (the “First Lien Notes”), together with any extensions, revisions, refinancings, renewals, refundings, restructurings or replacements thereof, in each case classified as “Incremental Equivalent Debt” or “Incremental Term Loans” or a “Permitted Refinancing” thereof (each as defined in and permitted by the terms of the Credit Agreement described in clause (a) of the definition thereof as in effect on April 24, 2020); provided that no such Indebtedness described in this definition shall 

		 

		

			 

		

		

			

		

	have a scheduled maturity or require any scheduled amortization payment to be made prior to the date that is 91 days after the Maturity Date.” 

			
	
			
				 (b)
			

			
	
			
			The definition of the term “Credit Agreement” is amended and restated as follows:  ““Credit Agreement” means, collectively, (a) that certain Credit Agreement, dated April 30, 2013, among the Company, as Borrower, the lenders and issuers party thereto, Citicorp North America, Inc., as administrative agent, Bank of America, N.A., as syndication agent, Barclays Bank PLC, CS Securities (USA) LLC and HSBC Bank USA, N.A. as co-documentation agents, as amended through April 24, 2020,  and (b) any notes, collateral documents, letters of credit, guarantees and other documents related to the foregoing, and any appendices, exhibits or schedules to any of the foregoing, as any or all of such agreements may be amended, restated, modified or supplemented from time to time, together with any extensions, revisions, increases, refinancings, renewals, refundings, restructurings or replacements thereof; provided that for so long as the beneficial owner of SL Securities on April 24, 2020 or its affiliates (collectively, the “Beneficial Owner”) beneficially own a majority in aggregate principal amount of the Securities, without the written consent of such Beneficial Owner, there shall be no (i) increase  in the amount of Indebtedness that may be borrowed under the Credit Agreement as in effect on April 24, 2020, (ii) creation of liens with higher or lower priority than liens existing on April 24, 2020, (iii) creation of a “last-out” tranche or other issuance of debt that is higher or lower in right of payment than Indebtedness existing under the Credit Agreement on April 24, 2020 or subject to turnover provisions,  (iv) amendments or waivers with respect to Sections 6.02 (Liens), 6.04 (Investments, Loans, Advances, Guarantees and Acquisitions), 6.05 (Asset Sales) and 6.08 (Restricted Payments; Certain Payments of Indebtedness) of the Credit Agreement or which would permit any action that would not otherwise be permitted by any of such sections or (v) similar items that adversely affect the Holders;  it being understood that the aggregate principal amount outstanding permitted under the Credit Agreement shall be the principal amount outstanding under the Credit Agreement on April 24, 2020 plus $200 million (plus $500 million less the aggregate principal amount of Additional First Lien Indebtedness outstanding) (plus any increase relating to unpaid accrued interest and premium plus other amounts paid, and fees and expenses incurred, in connection with any such extension, revision, increase, refinancing, renewal, refunding, restructuring or replacement) (it being further understood, for the avoidance of doubt, that the Company shall be entitled to borrow such additional $200 million as additional pari first-lien secured debt under the Credit Agreement or under a separate facility, including as additional First Lien Notes).”

			
	
			
				 (c)
			

			
	
			
			A new definition of “European Credit Agreement” shall be added to Section 1.01 of the Indenture as follows:  “European Credit Agreement” means that certain Revolving Credit Facility Agreement, dated December 7, 2017, among Odeon Cinemas Limited, Citigroup Global Markets Limited, Lloyds Bank PLC, 

		 

		

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	Barclays Bank PLC and Bank of America Lynch International Limited, as arrangers, and the other lenders party thereto, as may be amended, restated, modified or supplemented from time to time, together with any extensions, revisions, refinancings, renewals, refundings, restructurings or replacements thereof, provided there shall be no (i) increase in the amount of Indebtedness that may be borrowed under the European Credit Agreement as in effect on April 24, 2020, (ii) creation of liens with higher or lower priority than liens existing on April 24, 2020, (iii) creation of a “last-out” tranche or other issuance of debt that is higher or lower in right of payment than Indebtedness under the European Credit Agreement existing on April 16, 2020 or subject to turnover provisions or (iv) similar items that adversely affect the Holders;  it being understood that the aggregate principal amount outstanding permitted thereunder shall be the principal amount outstanding under the European Credit Agreement on April 24, 2020  (plus any increase relating to unpaid accrued interest and premium plus other amounts paid, and fees and expenses incurred, in connection with any such extension, revision, refinancing, renewal, refunding, restructuring or replacement).” 

			
	
			
				 (d)
			

			
	
			
			Clause (i) of the definition of the term “Permitted Indebtedness” is amended and restated as follows: “(i) (A) Indebtedness of the Company or any guarantor under the Credit Agreement, (B) Indebtedness of the Company or any guarantor under the Additional First Lien Indebtedness, (C) Indebtedness of Odeon Cinemas Limited or any guarantor under the European Credit Agreement and (D) the Existing Senior Subordinated Notes and the guarantees thereof;” and 

			
	
			
				 (e)
			

			
	
			
			Clause (ii) of the definition of the term “Permitted Indebtedness” is amended and restated as follows:  “(ii) Indebtedness of the Company or any of its Subsidiaries outstanding on the Issue Date (other than the Existing Senior Subordinated Notes or Indebtedness outstanding under the Credit Agreement or Indebtedness outstanding under the European Credit Agreement);”.

		
			The following proviso shall be added to the end of Section 4.07(a) of the Base Indenture:  “; provided that the Company shall not, and shall cause all of its Subsidiaries not to, Incur any Indebtedness under this paragraph to refinance or replace the Credit Agreement”.
		

		
			Section 2.  Governing Law. THIS SECOND SUPPLEMENTAL INDENTURE WILL BE GOVERNED BY AND CONSTRUED IN ACCORDANCE WITH THE LAWS OF THE STATE OF NEW YORK.
		

		
			Section 3.  Counterparts. The parties may sign any number of copies of this Second Supplemental Indenture. Each signed copy shall be an original, but all of them together represent the same agreement. The delivery of an executed counterpart by facsimile shall be effective as delivery of a manually executed counterpart thereof.
		

		
			

		 

		

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			Section 4.  Trustee Not Responsible for Recitals. The recitals contained herein shall be taken as the statements of the Company, and the Trustee assumes no responsibility for their correctness. The Trustee makes no representations as to the validity or sufficiency of this Second Supplemental Indenture.
		

		
			Section 5.  No Other Amendments.  Except as expressly set forth herein, all other terms of the Base Indenture shall remain in full force and effect.
		

		
			Section 6.  Effectiveness. This Second Supplemental Indenture shall become effective upon the issuance of the First Lien Notes, provided that the First Lien Notes shall have been issued on or before May 15, 2020; if the First Lien Notes shall not have been issued on or before May 15, 2020, this Supplemental shall be null, void and of no effect. 
		

		
			[Signature Page Follows]
		

		
			

		 

		

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			IN WITNESS WHEREOF, the parties hereto have caused this Second Supplemental Indenture to be duly executed as of the date first above written.
		

		
			 
		

		
			 
		

		
			AMC ENTERTAINMENT HOLDINGS, INC.

		

		
			 
		

		
			By: _________________________
		

		
			Name: 
		

		
			Title:
		

		
			
		

		
			

		 

		

			 

		

		

			

		

		

			 

		

		

		
			 
		

		
			U.S. BANK NATIONAL ASSOCIATION, as Trustee, Registrar, 
		

		
			Paying Agent and Conversion Agent

		

		
			 
		

		
			By: _________________________
		

		
			Name: 
		

		
			Title:amch_Ex10_3

		
			EXHIBIT 10.3
		

		
			 
		

		
			AMC ENTERTAINMENT HOLDINGS, INC.
		

		
			2013 EQUITY INCENTIVE PLAN
		

		
			Director Stock Award Notice
		

		
			 
		

		
			1.   Participant:                     [*]
		

		
			2.   Type of Award:             Stock Award
		

		
			3.   Number of Shares:         [*]
		

		
			4.   Date of Grant:               [*] 
		

		
			5.   Vesting:                          The Stock Award is fully vested as of the Date of Grant.
		

		
			6.   Transfer Restriction:    The shares of Common Stock received as part of the Stock Award may not be transferred until the earlier to occur of: (i) the third anniversary of the Date of Grant or (ii) the date on which the Participant’s service on the Company’s Board of Directors ends.
		

		
			7.   Withholding:      No tax withholding was made in connection with the grant of this Stock Award.
		

		
			 
		

		
			By executing this Stock Award Notice, the Participant agrees and acknowledges that the Stock Award described herein is granted under and governed by the terms and conditions of the Stock Award Agreement attached hereto and the AMC Entertainment Holdings, Inc. 2013 Equity Incentive Plan, both of which are hereby incorporated by reference and together with this Stock Award Notice constitute one document.  This Stock Award Notice may be signed in counterparts, each of which shall be an original with the same effect as if signatures thereto and hereto were upon the same instrument.
		

		
			 
		

			
					
						 

					
					
						 

					
					
						 

					
					
						 

					
					
						 

				
	
					
						PARTICIPANT

					
					
						 

					
					
						AMC ENTERTAINMENT HOLDINGS, INC.

				
	
					
						 

					
					
						 

					
					
						 

					
					
						 

					
					
						 

				
	
					
						By:

					
					
						 

					
					
						 

					
					
						By:

					
					
						 

				
	
					
						Name:

					
					
						[*]

					
					
						 

					
					
						Name:

					
					
						[*]

				
	
					
						 

					
					
						 

					
					
						 

					
					
						Title:

					
					
						[*]

				

		
			 
		

		
			 
		

		
			 
		

		
			 
		

		
			 
		

		
			 
		

		
			

		 

		

			 

		

		

		
			AMC ENTERTAINMENT HOLDINGS, INC.
		

		
			2013 EQUITY INCENTIVE PLAN
		

		
			Director Stock Award Agreement
		

		
			SECTION 1.   GRANT OF STOCK Award.
		

			
	
			
				 (a)
			Stock Award.  AMC Entertainment Holdings, Inc. (the “Company”) hereby grants to the Participant whose name is set forth on the preceding Stock Award Notice (the “Notice”) on the date set forth on the Notice (such date, the “Date of Grant”), the number of shares of Common Stock set forth in the Notice, pursuant to the terms and conditions set forth in the Notice, this agreement (the “Agreement”) and the AMC Entertainment Holdings, Inc. 2013 Equity Incentive Plan (the “Plan”).

			
	
			
				 (b)
			No Purchase Price.  In lieu of a purchase price, this Stock Award is made in consideration of Service previously rendered, and to be rendered, by the Participant to the Company.

			
	
			
				 (c)
			Transfer Restriction.  The Participant shall not be permitted to transfer the shares of Common Stock received hereunder until the earlier to occur of (i) the third anniversary of the Date of Grant or (ii) the date on which the Participant’s service on the Company’s Board of Directors ends.  Transfers under which the Participant remains the beneficial owner of the shares of Common Stock shall not be prohibited hereby.

			
	
			
				 (d)
			Equity Incentive Plan and Defined Terms. Capitalized terms not defined herein shall have the same meaning as in the Plan.  In the event of a conflict between any term or provision contained herein and a term or provision of the Plan, the applicable terms and provisions of the Plan will govern and prevail.

		
			SECTION 2.   ISSUANCE OF SHARES OF COMMON STOCK.
		

			
	
			
				 (e)
			Stock Certificates.  The shares of Common Stock shall be evidenced in such manner as the Committee may deem appropriate, including book-entry registration or issuance of one or more stock certificates. Any certificate or book entry credit issued or entered in respect of the shares of Common Stock shall be registered in the name of the Participant.

			
	
			
				 (f)
			Shareholder Rights. The Participant shall have all rights of a stockholder with respect to the Stock, including voting rights and the right to receive ordinary dividends or distributions.

		
			SECTION 3.   MISCELLANEOUS PROVISIONS.
		

			
	
			
				 (g)
			Securities Laws. No shares of Common Stock will be issued or transferred pursuant to this Agreement unless and until all then applicable requirements imposed by Federal and state securities and other laws, rules and regulations and by any regulatory agencies having jurisdiction, and by any exchanges upon which the shares of Common Stock may be listed, have been fully met.  As a condition precedent to the issuance of shares of Common Stock pursuant to this Agreement, the Company may require the Participant to take any reasonable action to meet such requirements.  The Committee may impose such conditions on any shares of Common Stock issuable pursuant to this Agreement as it may deem advisable, including, without limitation, restrictions under the Securities Act of 1933, as amended, under the requirements of any exchange upon which such shares of the same class are then listed, and under any blue sky or other securities laws applicable to such shares.  The Committee may also require the Participant to represent and warrant at the time of issuance or transfer that the shares of Common Stock are being acquired only for investment purposes and without any current intention to sell or distribute such shares. 

			
	
			
				 (h)
			Participant Undertaking.  The Participant agrees to take whatever additional action and execute whatever additional documents the Company may deem necessary or advisable to carry out or effect the obligations or restrictions imposed on either the Participant or upon the shares of Common Stock issued pursuant to this Agreement.

		
			

		 

		

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				 (i)
			No Right to Continued Service.  Nothing in this Agreement or the Plan shall confer upon the Participant any right to continue in Service for any period of specific duration or interfere with or otherwise restrict in any way the rights of the Company (or any Subsidiary employing or retaining the Participant) or of the Participant, which rights are hereby expressly reserved by each, to terminate his or her Service at any time and for any reason, with or without Cause.

			
	
			
				 (j)
			Notification.  Any notification required by the terms of this Agreement shall be given in writing and shall be deemed effective upon personal delivery or within three (3) days of deposit with the United States Postal Service, by registered or certified mail, with postage and fees prepaid. A notice shall be addressed to the Company at its principal executive office and to the Participant at the address that he or she most recently provided to the Company.

			
	
			
				 (k)
			Entire Agreement.  This Agreement, the Notice and the Plan constitute the entire contract between the parties hereto with regard to the subject matter hereof. They supersede any other agreements, representations or understandings (whether oral or written and whether express or implied) which relate to the subject matter hereof.

			
	
			
				 (l)
			Waiver.  No waiver of any breach or condition of this Agreement shall be deemed to be a waiver of any other or subsequent breach or condition whether of like or different nature.

			
	
			
				 (m)
			Successors and Assigns.  The provisions of this Agreement shall inure to the benefit of, and be binding upon, the Company and its successors and assigns and upon the Participant, the Participant’s assigns and the legal representatives, heirs and legatees of the Participant’s estate, whether or not any such person shall have become a party to this Agreement and have agreed in writing to be joined herein and bound by the terms hereof.

			
	
			
				 (n)
			Severability.  The provisions of this Agreement are severable and if any one or more provisions are determined to be illegal or otherwise unenforceable, in whole or in part, the remaining provisions shall nevertheless be binding and enforceable.

			
	
			
				 (o)
			Amendment.  This Agreement shall not be amended unless such amendment is agreed to in writing by both the Participant and the Company.

			
	
			
				 (p)
			Governing Law.  The Agreement and all rights hereunder shall be subject to and interpreted in accordance with the laws of the State of Delaware, without reference to the principles of conflicts of laws, and to applicable Federal securities laws.

		
			[End]
		

		 

		

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