Document:

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                                                                   Exhibit 10.15

                             SUBSCRIPTION AGREEMENT

          SUBSCRIPTION AGREEMENT,  dated as of July 24, 2002 (this "Agreement"),
by and among Loews Cineplex  Entertainment  Corporation,  a Delaware corporation
(the  "Company"),  1363880  Ontario Inc., a  corporation  organized and existing
under the laws of Ontario, Canada ("Onex Cinema"), and OCM Cinema Holdings, LLC,
a Delaware limited liability company ("OCM" and, together with Onex Cinema,  the
"Stockholders").

          A. The Company  currently owns a 24.6%  interest in Megabox  Cineplex,
Inc., a Korean corporation ("Megabox");

          B. The Company  desires to acquire an additional  1,464,322  shares of
common stock of Megabox, representing a 25.4% interest in Megabox, pursuant to a
Stock  Purchase  and  Subscription  Agreement  among the  Company,  Megabox  and
Mediaplex,   Inc.  for  an  aggregate  purchase  price  of  $20.6  million  (the
"Acquisition"); and

          C. Each of the Stockholders  desires to make a capital contribution to
the Company to fund the Acquisition;

          NOW,   THEREFORE,   in  order  to  implement   the  foregoing  and  in
consideration  of  the  mutual   representations,   warranties,   covenants  and
agreements contained herein, the parties hereto agree as follows:

          1. Subscription.

               a. Subscription by Onex Cinema. Subject to and in accordance with
the terms and conditions of this  Agreement,  Onex Cinema hereby  subscribes for
and agrees to purchase 3,588 shares of class B common stock, par value $0.01 per
share,  of the  Company  ("Class B Shares")  for a purchase  price of $3,350 per
share.

               b.  Subscription  by OCM.  Subject to and in accordance  with the
terms and conditions of this Agreement,  OCM hereby subscribes for and agrees to
purchase 2,559 shares of class A common stock, par value $0.01 per share, of the
Company  ("Class A Shares" and,  together  with the Class B Shares,  the "Common
Stock") for a purchase price of $3,350 per share.

               c.  Purchase  and Sale of Common  Stock.  At the  closing  of the
purchase and sale of the Common Stock to be purchased by the  Stockholders  (the
"Closing"), the Company shall (i) issue and sell to Onex Cinema, and Onex Cinema
shall  purchase from the Company,  3,588 Class B Shares for a purchase  price of
$3,350 per share,  and (ii) issue and sell to OCM, and OCM shall  purchase  from
the Company, 2,559 Class A Shares for a purchase price of $3,350 per share.

               d.  Closing.  The Closing  shall take place at the offices of the
Company, 711 Fifth Avenue, New York, New York at 10:00 a.m. on July 24, 2002, or
at such other  place or on such other date as may be mutually  agreeable  to the
Company and the Stockholders. At the

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Closing (i) Onex Cinema shall pay to the Company $12,018,500.55 by wire transfer
of immediately available funds to an account designated by the Company, (ii) OCM
shall pay to the Company $8,573,111.95 by wire transfer of immediately available
funds to an account  designated by the Company,  (iii) the Company shall deliver
to Onex  Cinema a  certificate  representing  3,588  Class B Shares and (iv) the
Company shall deliver to OCM a certificate representing 2,559 Class A Shares.

          2. Representation and Warranties of the Company.

               a. Organization; Authorization. The Company is a corporation duly
organized,  validly existing and in good standing under the laws of the State of
Delaware,  with full power and  authority to execute and deliver this  Agreement
and to perform  its  obligations  hereunder.  This  Agreement  has been duly and
validly authorized by all necessary corporate action of the Company and has been
duly and validly executed and delivered by the Company and constitutes the valid
and binding obligation of the Company, enforceable against it in accordance with
its terms.

               b.  Authorization and Validity of Issuance of Shares.  The shares
of  Common  Stock  to be  issued  by the  Company  to each  of the  Stockholders
hereunder will be duly and validly  authorized at the time of issuance and, when
issued and delivered  against payment therefor as provided herein,  will be duly
and validly issued and fully paid and nonassessable.

          3.   Representations   and  Warranties  of  the   Stockholders.   Each
Stockholder  hereby  severally,  as to itself,  and not jointly,  represents and
warrants to, and covenants and agrees with, the Company as follows:

               a.  Authorization  of Stockholder.  The Stockholder has been duly
organized  and is  validly  existing  in good  standing  under  the  laws of the
jurisdiction  of its  organization,  with the  requisite  power and authority to
execute and deliver this Agreement and to perform its obligations hereunder. The
Stockholder  has full right,  power and  authority  to execute and deliver  this
Agreement and to perform its obligations hereunder. The execution,  delivery and
performance of this Agreement have been duly authorized by the Stockholder,  and
this  Agreement  has been duly  executed and  delivered by the  Stockholder  and
constitutes  the valid and binding  obligation of the  Stockholder,  enforceable
against it in accordance with its terms.

               b.   Non-Contravention.   The  execution  and  delivery  of  this
Agreement  by  the  Stockholder  and  the   consummation  of  the   transactions
contemplated hereby do not require the Stockholder to file any notice, report or
other filing with, or to obtain any consent,  registration,  approval, permit or
authorization of or from, any governmental or regulatory authority of the United
States, any state thereof or any foreign  jurisdiction,  and do not constitute a
material breach or violation of, or a material  default under,  any provision of
any mortgage,  lien, lease,  agreement,  license,  instrument,  law, regulation,
order,  arbitration,  award,  judgment or decree to which the  Stockholder  is a
party or by which its property is bound,  in any such case which could  prevent,
materially  delay or materially  burden the  transactions  contemplated  by this
Agreement.

               c. Certain Matters Relating to the Shares of Common Stock.

                                        2
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          i.   The  Stockholder  is acquiring  the Common  Stock for  investment
               purposes  only  and not  with a view  to,  or for,  distribution,
               resale or fractionalization thereof, in whole or in part, in each
               case under circumstances which would require registration thereof
               under the  Securities  Act of 1933,  as amended (the  "Securities
               Act"), or any state securities laws.

          ii.  The   Stockholder   has  not  been  given  any  oral  or  written
               information,  representations or assurances by the Company or any
               representative  thereof  in  connection  with  the  Stockholder's
               acquisition  of the Common  Stock other than as contained in this
               Agreement,  and the  Stockholder  is relying on its own  business
               judgment  and  knowledge   concerning  the  business,   financial
               condition  and prospects of the Company in making the decision to
               acquire the Common Stock.  The Stockholder  acknowledges  that no
               person has been authorized to give any information or to make any
               representation relating to the Common Stock or the Company, other
               than as  contained  in this  Agreement,  and,  if  given or made,
               information  received  from any  person  and any  representation,
               other than as  aforesaid,  must not be relied upon as having been
               authorized by the Company or any person acting on its behalf.

          iii. The Stockholder is an "accredited  investor" as described in Rule
               501(a)  of  Regulation  D of the  Securities  Act,  and has  such
               knowledge and experience in financial and business  matters as is
               necessary to evaluate the merits and risks of the  acquisition of
               the Common Stock and to make an informed investment decision.

          iv.  The  Stockholder  understands  that an  investment  in the Common
               Stock is a speculative investment which involves a high degree of
               risk  of  loss  of  the  Stockholder's  investment  therein.  The
               Stockholder is able to bear the economic risk of such  investment
               for an  indefinite  period  of  time,  including  the  risk  of a
               complete loss of the Stockholder's investment in such securities.
               The Stockholder  acknowledges  that the Common Stock has not been
               registered  under  the  Securities  Act or any  applicable  state
               securities   laws  and,   therefore,   cannot   be  sold   unless
               subsequently  registered  under the  Securities  Act  and/or  any
               applicable  state  securities  laws  or an  exemption  from  such
               registration is available.

          v.   The Stockholder  acknowledges  that it has had a full opportunity
               to ask questions  and receive  answers  concerning  the terms and
               conditions  of the  issuance of the Common Stock and has had full
               access to such other information concerning the Company as it has
               requested.

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          vi.  The  Stockholder  and its purchaser representatives and advisors,
               if  any,  have  been  afforded  the opportunity  to  examine  all
               documents  related  to and, if applicable, executed in connection
               with, the transactions contemplated hereby, which the Stockholder
               or purchaser  representatives or advisors, if any, have requested
               to examine.

          vii. The  Stockholder   agrees  that  there  may  be  affixed  to  the
               certificate(s)  representing  the  Common  Stock  (until  in  the
               opinion of counsel, which opinion must be reasonably satisfactory
               in form and substance to counsel for the Company, it is no longer
               necessary or required) the following legend:

          "The  securities   represented  by  this  certificate  have  not  been
          registered  under the  Securities Act of 1933, as amended (the "Act"),
          and may  not be  sold,  transferred,  offered  for  sale,  pledged  or
          hypothecated in the absence of an effective  registration statement as
          to the securities under the Act or an opinion of counsel  satisfactory
          to  the  Company  and  its  counsel  that  such  registration  is  not
          required."

          4.  Indemnification.    Each   Stockholder   acknowledges   that  such
Stockholder   understands   the   meaning   and   legal   consequences   of  the
representations and warranties in Section 3 hereof, and hereby agrees, severally
and not jointly and severally,  to indemnify and hold harmless the Company,  and
its officers, directors, employees, agents, representatives and affiliates, from
and against any and all loss,  damage or liability  due to, or arising out of, a
breach  of any such  representations  or  warranties  made by such  Stockholder.
Notwithstanding   the   foregoing,   however,   no   representation,   warranty,
acknowledgment  or agreement made herein by a Stockholder  shall, in any manner,
be deemed to constitute a waiver of any rights granted to such Stockholder under
federal or state securities laws.

          5. No Third Party Beneficiaries.  Except with respect to the rights of
the indemnified parties under Section 4, nothing in this Agreement, expressed or
implied, is intended to confer upon any creditor or any other person, other than
the  parties  hereto  or their  respective  successors,  any  rights,  remedies,
benefits, obligations or liabilities of any nature whatsoever under or by reason
of this Agreement.

          6. Miscellaneous.

               a. This  Agreement  may not be  modified,  waived  or  terminated
except by an instrument in writing,  signed by a party against whom  enforcement
of such modification, waiver, or termination is sought.

               b. Except as otherwise  provided herein,  this Agreement shall be
binding upon,  and inure to the benefit of, the parties  hereto and their heirs,
executors,  administrators,  successors,  legal  representatives  and  permitted
assigns,  and  the  agreements,   representations,   warranties,  covenants  and
acknowledgments  contained  herein shall be deemed to be made by, and be binding
upon, such heirs, executors,  administrators,  successors, legal representatives
and permitted assigns.

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               c. This  Agreement  shall be construed in  accordance  with,  and
governed in all  respects  by, the laws of the State of New York  applicable  to
contracts made and to be performed wholly within the State of New York,  without
regard to any  conflicts  of law  principles  thereof  that  would  call for the
application of the laws of any other jurisdiction.

               d. This Agreement may be executed in two or more counterparts and
by different  parties in separate  counterparts,  with the same effect as if all
parties hereto had signed the same document.  All  counterparts  so executed and
delivered  shall be  construed  together and shall  constitute  one and the same
agreement.

               e. All the agreements, representations and warranties made by the
Stockholder in this Agreement shall survive the acceptance of each Stockholder's
subscription by the Company.

               f. Each  Stockholder  agrees that in the event further  action or
execution of documents is required of such  Stockholder,  such  Stockholder will
take any and all such  reasonable  actions and execute any such documents as are
reasonably  necessary  or  appropriate  in  connection  with the business of the
Company.

               g.  This  Agreement  constitutes  the  entire  agreement  of  the
Stockholders  and the  Company  relating to the matters  contained  herein,  and
supersedes all prior contracts or agreements, whether oral or written.

               h.  Common  nouns  and  pronouns  shall be deemed to refer to the
masculine,  feminine, neuter, singular and plural, as the identity of the person
may in the context require.

                  [Remainder of Page Intentionally Left Blank]

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          IN WITNESS WHEREOF,  the undersigned  have executed this  Subscription
Agreement as of the date first written above.

                                 1363880 ONTARIO INC.

                                 By: /s/ Tom Dea
                                     ------------------------------
                                     Name:  Tom Dea
                                     Title:

                                 By: /s/ Mark Hilson
                                     ------------------------------
                                     Name:  Mark Hilson
                                     Title:

                                 OCM CINEMA HOLDINGS, LLC

                                 By:  Oaktree Capital Management, LLC
                                 Its: Manager

                                 By: /s/ Matthew Barrett
                                     ------------------------------
                                     Name:  Matthew Barrett
                                     Title: Managing Director

                                 By: /s/ Kenneth Liang
                                     ------------------------------
                                     Name:  Kenneth Liang
                                     Title: Managing Director

                                 LOEWS CINEPLEX ENTERTAINMENT
                                 CORPORATION

                                 By: /s/ John C. McBride, Jr.
                                     ------------------------------
                                     Name:  John C. McBride, Jr.
                                     Title: Senior Vice President and
                                            General Counsel<PAGE>

                                                                   Exhibit 10.19

                       FIFTH AMENDMENT TO CREDIT AGREEMENT

         THIS FIFTH AMENDMENT TO CREDIT AGREEMENT dated as of April 2, 2002 (the
"Fifth Amendment") is entered into among LOEKS-STAR PARTNERS (the "Company"),
STANDARD FEDERAL BANK N.A. (formerly known as Michigan National Bank), BANK ONE,
NA (formerly known as Bank One, Michigan), FIFTH THIRD BANK (formerly known as
Old Kent Bank), NATIONAL CITY BANK MICHIGAN/ILLINOIS (together with their
respective successors and assigns, the "Banks") and STANDARD FEDERAL BANK N.A.
(formerly known as Michigan National Bank), as agent for the Banks (the
"Agent").

         WHEREAS, on June 9, 1999, some of the Banks and the Company entered
into a Credit Agreement (as previously amended, the "Agreement"), which the
parties desire to amend as hereafter set forth;

         NOW, THEREFORE, for valuable consideration, the receipt and sufficiency
of which are hereby acknowledged, the parties hereto hereby agree to amend the
Agreement as follows:

         1. On July 11, 2002, the Company shall pay off Fifth Third Bank in
full.

         2. Notwithstanding anything contained in the Agreement to the contrary,
the parties hereby agree that the Agent shall not be required to take, and shall
not take, any action to find a substitute lender for Fifth Third Bank.

         3. Upon the payoff of Fifth Third Bank in full as required under
Section 1 above, the following shall occur without any further action by the
parties hereto:

         A. Fifth Third Bank shall cease to be a party to the Agreement.

         B. The  definition  of Maximum  Available  Amount  shall be amended by
adding the following language to the end thereof:

               Notwithstanding  anything contained herein to the contrary,  from
          and after July 11, 2002, Maximum Available Amount means: the lesser of
          (a)  $54,437,500.00  and (b) the  amount  equal to 81.25% of 3.5 times
          EBITDA.

         C. The definition of Revolving  Commitment Amount shall be restated to
read in its entirety as follows:

               Revolving   Commitment  Amount  means   $80,000,000.00  prior  to
          September  1, 2000,  $72,000,000.00  from and after  September 1, 2000
          through  June 4,  2001,  $67,000,000.00  from and  after  June 5, 2001
          through July 10, 2002, and  $54,437,500.00 at all times from and after
          July 11, 2002, as reduced from time to time pursuant to Section 6.1.

                                       1

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          D.  Schedule  2.1  attached  to the  Agreement  shall be  amended  and
replaced by Schedule 2.1 attached to the Fifth Amendment.

          E.  Schedule  14.3  attached  to the  Agreement  shall be amended  and
replaced by Schedule 14.3 attached to the Fifth Amendment.

          4. The  failure of the  Company to pay off Fifth Third Bank in full as
required pursuant to Section 1 above, shall constitute an Event of Default under
the Credit Agreement.

         The Company hereby represents and warrants that each of the
representations and warranties set forth in the Agreement are true and accurate
as of the date of this Fifth Amendment.

         The Company shall reimburse the Agent for the reasonable legal fees
incurred by the Agent in connection with the negotiation and preparation of this
Fifth Amendment.

         Except as expressly amended hereby, the Credit Agreement shall remain
in full force and effect.

         This Amendment may be executed in any number of counterparts and by the
different parties hereto on separate counterparts and each such counterpart
shall be deemed to be an original, but all such counterparts shall together
constitute but one and the same Amendment. This Fifth Amendment shall become
effective only at such time that all of the undersigned parties have executed
one or more counterparts hereof and delivered such counterparts to the Agent.
Delivered at Troy, Michigan, as of the day and year first above written.

                                      LOEKS-STAR PARTNERS

                                      By: Star Theatres of Michigan, Inc., Its
                                          Partner

                                      By:    /s/ John C. McBride, Jr.
                                             ------------------------

                                      Title: Senior Vice President & General
                                             Counsel

                                       2

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                                      STANDARD FEDERAL BANK N.A., as Agent

                                      By:    /s/ Lauren R. Fusco
                                             ------------------------

                                      Title: Vice President

                                      STANDARD FEDERAL BANK N.A., as
                                      Issuing Bank and as a Bank

                                      By:    /s/ Lauren R. Fusco
                                             ------------------------

                                      Title: Vice President

                                      BANK ONE, NA

                                      By:    /s/ Heather D. Gressle
                                             ------------------------

                                      Title: Director

                                      FIFTH THIRD BANK

                                      By:    /s/ G.B.B.
                                             ------------------------

                                      Title: Vice President and Manager

                                      NATIONAL CITY BANK MICHIGAN/ILLINOIS

                                      By:    /s/ Kent R. Ebert
                                             ------------------------

                                      Title: Senior Vice President

                                       3

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                                  SCHEDULE 2.1

                            BANKS AND PRO RATA SHARES

                                   Pro Rata Share
                                    of Revolving
        Bank                      Commitment Amount       Pro Rata Share
        ----                      -----------------       --------------

Standard Federal Bank N.A           $33,500,000.00           61.5385%

Bank One, NA                        $10,887,500.00           20.0000%

National City Bank

Michigan/Illinois                   $10,050,000.00           18.4625%
                                    --------------           --------

  TOTALS                            $54,437,500.00               100%

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                                  SCHEDULE 14.3

                              ADDRESSES FOR NOTICES

LOEKS-STAR PARTNERS:

Loews Cineplex Entertainment Corporation
11 th Floor
711 Fifth Avenue

New York, NY 10022-3109
Attention: Jack C. McBride, Jr.

Telephone:        212-833-6352
Facsimile:        212-833-8379

Loews Cineplex Entertainment Corporation
11 th Floor
711 Fifth Avenue

New York, NY 10022-3109
Attention: Travis Reid

Telephone:        212-833-6651
Facsimile:        212-833-6379

STANDARD FEDERAL BANK, N.A., as Agent, Issuing Bank and a Bank:

2600 West Big Beaver Road
Troy, MI  48084
Attention: Lauren Fusco

Telephone:        248-816-5426
Facsimile:        248-816-5422

BANK ONE, NA

611 Woodward Avenue
Mail Suite MI1-8074
Detroit, MI  48226
Attention: Thomas Gamm

Telephone:        313-225-2531
Facsimile:        313-226-0855

NATIONAL CITY BANK MICHIGAN/ILLINOIS

1001 South Worth Street (R-J40-4F)
Birmingham, MI 48009
Attention: Brian Harbin

Telephone:        248-901-2365
Facsimile:        248-901-2221

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