Document:

EXHIBIT 10.3

Exhibit 10.3

SUPERVISORY AGREEMENT

     This Supervisory Agreement (Agreement) is made and is effective this 10th
day of October, 2008 (the Effective Date), by and between Irwin Union Bank,
F.S.B., Columbus, IN (Irwin Union or the Association) OTS Docket No. 16835, a federal stock savings
bank, and the Office of Thrift Supervision (OTS), a bureau of the United States Department of the
Treasury, acting through its Central Regional Director or his designee (Regional Director).

     WHEREAS, the OTS is the primary Federal regulator of Irwin Union pursuant to the Home Owners’
Loan Act (HOLA), 12 U.S.C. §§ 1461 et seq., and is Irwin Union’s appropriate Federal banking agency
for purposes of the Federal Deposit Insurance Act (FDIA), 12 U.S.C. §§ 1811 et seq.;

     WHEREAS, based upon the findings contained within Irwin Union’s April 28, 2008 Report of
Examination (ROE), the OTS is of the opinion that Irwin Union has engaged in acts and practices
that are considered to be unsafe and unsound;

     WHEREAS, the OTS is of the opinion that grounds exist for the initiation of an administrative
proceedings against Irwin Union pursuant to 12 U.S.C. §§ 1464(d) and 1818(b);

     WHEREAS, OTS is of the view that it is appropriate to take measures to ensure that Irwin
Union will engage in safe and sound practices;

     WHEREAS, Irwin Union wishes to cooperate with the OTS and to evidence its intent to: (i)
comply with all applicable laws and regulations; and (ii) engage in safe and sound practices; and

     WHEREAS, Irwin Union, acting through its Board of Directors (Board), without admitting or
denying that such grounds exist except those as to jurisdiction, which are admitted, wishes to
cooperate with the OTS and to evidence the intent to: (i) comply with all applicable laws and
regulations; and (ii) engage in safe and sound practices.

     NOW THEREFORE, in consideration of the above premises and the mutual undertakings set forth
herein, the parties hereto agree as follows:

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Capital

	1.	 	As of the Effective Date, and at all times thereafter, Irwin Union shall have and maintain:
(i) a Tier 1 (Core) Capital Ratio of at least 9 percent (9%) and a (ii) Total Risk-Based
Capital Ratio of at least 11 percent (11%).

Business Plan

	2.	 	(a) By September 30, 2008, the Board shall revise Irwin Union’s current business and strategic
plan (Business Plan), and comply with the requirements contained within this Agreement and the
comments contained within the ROE, as well as ensuring, at a minimum, inclusion of the
following:

	 	i)	 	Defined strategies for capital preservation and enhancement
commensurate with the risk profile of the Association;
	 
	 	ii)	 	Defined
limits on high-risk lending activities expressed as a
percentage of Core Capital plus Allowance for Loan and Lease

Losses;
	 
	 	iii)	 	Detailed strategies designed to improve and sustain earnings;
	 
	 	iv)	 	
Detailed strategies to stress-test and adjust earnings forecasts based
on continuing operating results, economic conditions and credit
quality of the loan portfolio; and
	 
	 	v)	 	Continuous coverage of a three year period including detailed pro
forma balance sheets and income statements for a three year period;

(b) By October 15, 2008, the Board shall forward a copy of the revised Business Plan to the
Regional Director for review and comment or non-objection. The Board shall revise and
implement the Business Plan within ten (10) days of receiving the Regional Director’s
comments or implement the Business Plan within ten (10) days of receiving the Regional
Director’s non-objection. The Board shall immediately send a copy of the Business Plan
implemented by the Board to the Regional Director;

(c) On a quarterly, basis, beginning with the first quarter following the receipt of the
Regional Directors comments on or non-objection to the Business Plan, the Board shall compare
projected operating results contained within the Business Plan to actual results.
Additionally, as part of the variance analysis required pursuant to this subparagraph, the
Board shall determine any material deviations between the projections contained in the
Business Plan and actual results. The Board shall prepare a written report describing any
material deviations between the projections contained in the Business Plan and actual
results; and

(d) Within thirty (30) days of the close of each quarter, the Board shall provide the
Regional Director with a copy of the variance analysis report required by this paragraph.

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Assets

	3.	 	As of the Effective Date, Irwin Union shall not make any new construction or land loans
without the prior written approval of the Regional Director. This restriction shall not apply
to legally binding commitments for construction or land loans as of the Effective Date.

Management

	4.	 	By September 30, 2008, the Board shall file with OTS pursuant to paragraph 7 for the
appointment or hiring of: (i) a full time President or Chief Executive Officer; (ii) a full
time Chief Credit Officer; (iii) a full time Chief Financial Officer; and (iv) at least two
additional independent directors who are not management officials of Irwin Union or Irwin Bank
and Trust Company.

	5.	 	By September 30, 2008, the Board shall adopt a detailed plan that will result in Irwin Union
operating on a completely independent basis from Irwin Union Bank and Trust Company
(Restructuring Plan). The Restructuring Plan shall include, but not be limited to, the
following requirements:
	 
		 	(a) No dual employees with Irwin Union Bank and Trust Company and/or Irwin Financial
Corporation or its affiliates without written approval of the Regional Director;
	 
		 	(b) An organization chart and position descriptions which shall define reporting
relationships and position responsibilities that are independent of Irwin Union Bank and
Trust Company and Irwin Financial Corporation or its affiliates; and
	 
		 	(c) Completion of the Restructuring Plan by no later than October 31, 2008.

Restriction on Asset Growth

	6.	 	Without the prior written approval of the Regional Director, and consistent with the
requirements and provisions of OTS Regulatory Bulletin 3b, Irwin Union may not increase its
total assets during any quarter in excess of an amount equal to net interest credited on
deposit liabilities during the quarter.

Notice of Change of Director or Senior Executive Officer

	7.	 	The Association is and shall be subject to the requirements and limitations set forth in
Subpart H of Part 563 of the OTS’s regulations (12 C.F.R. §§ 563.550-.590). Without limitation
on such requirements and limitations, this means, among other things, that except as otherwise
permitted by 12 C.F.R. § 563.590: (i) the Association must notify the OTS at least thirty (30)
days before adding or replacing any member of its Board, employing any person as a senior
executive officer, or changing the responsibilities of any senior executive officer so that
the person

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	 	 	would assume a different senior executive officer position; and (ii) the proposed director or
senior executive officer may not begin service except as permitted by 12 C.F.R. § 563.585 and
12 U.S.C. § 1831i.

Golden Parachute Restrictions

	8.	 	The Association is and shall be subject to the restrictions set forth in
12 C.F.R. Part 359. Such restrictions concern the making of agreements (including employment
agreements) with severance provisions, “golden parachute payments” and “prohibited
indemnification payments”. The Association shall not make or agree to make any “golden
parachute payment”, as that term is defined 12 U.S.C. § 1828(k) and in 12 C.F.R. Part 359,
except as may be permitted pursuant to the aforesaid statutory provision and regulations, 12
C.F.R. § § 359.2 and 359.4.

Notice of Contractual Arrangements Involving Compensation

	9.	 	The Association shall not enter into, renew, extend or revise any contractual arrangement
related to compensation or benefits with any director or senior executive officer of the
Association unless the Association first (i) provides a minimum of thirty (30) days advance
notice of the proposed transaction and (ii) receives a written notice of non-objection from
the OTS. See OTS Examination Handbook § 310 (p. 310.17) and OTS Regulatory Bulletin 27b.

Contracts Outside of the Ordinary Course of Business.

	10.	 	The Association and its Subsidiaries shall not enter into any third-party contracts outside
of the normal course of business without the prior written non-objection of the OTS. To seek
such non-objection the Association shall provide thirty (30) days advance written notice to
the OTS of any such proposed contract. At a minimum, such notice shall set forth the
Association’s reasons for seeking the contract and shall transmit a copy of the proposed
contract pursuant to OTS Examination Handbook § 310 and OTS Thrift Bulletin 82a.

Brokered Deposit Restriction

	11.	 	Effective immediately and even if the Association’s capital ratios meet or exceed those
applicable for “well capitalized” status, the Association shall not accept brokered deposits
except in compliance with Section 337.6(b)(2) of the regulations of the Federal Deposit
Insurance Corporation (“FDIC”), 12 C.F.R. § 337.6(b)(2). The Association shall provide (i)
written notice to the OTS if the Association requests the FDIC for a waiver and (ii) the OTS
with a copy of the FDIC’s document indicating its disposition of any request for such a
waiver.

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Transactions with Affiliates Restriction

	12.	 	The Association may not engage in transactions with any affiliate or subsidiary (other than
exempt transactions under 12 C.F.R. Part 223). The Association shall provide a thirty (30) day
advance written notice to the OTS Regional Director of any proposed affiliate or subsidiary
transaction that includes a full description of the transaction. If the Regional Director does
not respond within the thirty (30) day notice period, the Association may proceed with the
transactions, 12 C.F.R. § 563.41(c)(4).

Compliance with Agreement

	13.	 	(a) All policies, procedures, corrective actions, plans, programs, agreements, reviews and
systems required by this Agreement (collectively referred to as Plans and Policies) shall
conform to all applicable statutes, and regulations, as well as OTS policy and guidance.
	 
		 	(b) The Board and officers of the Association shall take immediate action to cause Irwin
Union to comply with the terms of this Agreement and shall take all actions necessary or
appropriate thereafter to cause the Association to carry out the provisions of this
Agreement.
	 
		 	(c) The Board shall have the ultimate responsibility for overseeing the safe and sound
operation of Irwin Union at all times, including compliance with the OTS’s determinations as
required by this Agreement.
	 
		 	(d) By the last day of the succeeding month, beginning with the month ending August 31, 2008,
the Board shall adopt and submit to the OTS certified copies of a Board resolution
(Compliance Resolution) formally resolving that, following a diligent inquiry of relevant
information (including a report from the Association’s management regarding Irwin Union’s
compliance with each provision of this Agreement), to the best of its knowledge and belief,
during the immediately preceding month, the Association has complied with each provision of
this Agreement currently in effect, except as otherwise stated. The Compliance Resolution
shall: (1) specify in detail how, if at all, full compliance was found not to exist; and (2)
identify all notices of exemption or non-objection issued by OTS that were outstanding as of
the date of its adoption. In the event that one or more directors do not agree with the
representations set forth in a Compliance Resolution, such a disagreement shall be noted in
the Compliance Resolution.

Definitions

	14.	 	All technical words or terms used in this Agreement for which meanings are not specified or
otherwise provided by the provisions of this Agreement shall, insofar as applicable, have
meanings as defined in Chapter V of Title 12 of the Code of

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	 	 	Federal Regulations, the HOLA, the FDIA, or published OTS guidance. Any such technical
words or terms used in this Agreement and undefined in said Code of Federal
Regulations, HOLA, FDIA, or OTS Publications shall having meanings that are in accordance
with the best custom and usage in the savings and loan industry.

Successor Statutes, Regulations, Guidance, Amendments

	15.	 	Reference in this Agreement to provisions of federal statutes, regulations, and OTS
Publications shall be deemed to include references to all amendments to such provisions as
have been made as of the Effective Date and references to successor provisions as they become
applicable.

Notices

	16.	 	(a) Except as otherwise provided herein, any request, demand, authorization, directions,
notice, consent, waiver, or other document provided or permitted by this Agreement to be made
upon, given or furnished to, delivered to, or filed with:

	 	(i)	 	The OTS, by Irwin Union, shall be sufficient for every purpose
hereunder if in writing and mailed, first class, postage prepaid or sent via
overnight delivery service or physically delivered, in each case addressed to the
Regional Director, Office of Thrift Supervision, Department of the Treasury, One
South Wacker Drive, Suite 2000, Chicago, Illinois 60606 or facsimile to (312)
917-5002, and confirmed by first class mail, postage prepaid, overnight delivery
service or physically delivered, in each case to the above address; and
	 
	 	(ii)	 	Irwin Union, by the OTS, shall be sufficient for every purpose
hereunder if in writing and mailed, first class, postage prepaid, or sent via
overnight delivery service or physically delivered in each case addressed to the
Board of Directors of Irwin Union Savings Bank, FSB, 500 Washington Street,
Columbus, IN 47202 or facsimile to (317) 237-6100, and confirmed by first class
mail, postage prepaid, overnight delivery service or physically delivered, in each
case to the above address.

(b) Notices hereunder shall be effective upon receipt, if by mail, overnight delivery service
or facsimile, and upon delivery, if by physical delivery. If there is a dispute about the
date on which a written notice has been received by a party to this Agreement, then, in the
event such notice was sent by the United States mail, there shall be a presumption that the
notice was received two business days after the date of the postmark on the envelope in which
the notice was enclosed.

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Effect of Headings

	17.	 	The Section and paragraph headings herein are for convenience only and shall not affect the
construction hereof.

Separability Clause

	18.	 	In case any provision in this Agreement is ruled to be invalid, illegal or unenforceable by
the decision of any court of competent jurisdiction, the validity, legality and enforceability
of the remaining provisions hereof shall not in any way be affected or impaired thereby,
unless the Regional Director, in his sole discretion, determines otherwise.

No Violations of Law, Rule, Regulation or Policy Statement Authorized; OTS Not Restricted

	19.	 	Nothing in this Agreement shall be construed as: (i) allowing Irwin Union to violate any law,
rule, regulation, or policy statement to which it is subject, or (ii) restricting or estopping
the OTS from taking any action(s), including without limitation, any type of supervisory,
enforcement or resolution action that the OTS determines to be appropriate in fulfilling the
responsibilities placed upon it by law.

Time Limits

	20.	 	Time limits for compliance with the terms of this Agreement run from the Effective Date,
unless otherwise noted. The Regional Director may, in his sole discretion, extend any of such
time limitations.

Duration, Termination or Suspension of Agreement

	21.	 	(a) This Agreement shall become effective upon its execution by the OTS through its
authorized representative whose signature appears below. The Agreement shall remain in effect
until terminated, modified, or suspended, in writing, by the OTS, acting through its Director,
Regional Director, or other authorized representative.
	 
		 	(b) The Regional Director, in his sole discretion, may, by written notice, suspend any or all
of the provisions of this Agreement.

Integration Clause

	22.	 	This Agreement represents the final written agreement of the parties with respect to the
subject matter hereof and constitutes the sole agreement of the parties, as of the Effective
Date of this Agreement, with respect to the subject matter.

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Enforceabilitv of Agreement

	23.	 	The Association represents and warrants that this Agreement has been duly authorized,
executed, and delivered, and constitutes, in accordance with its terms, a valid and binding
obligation of Irwin Union. The Association acknowledges that this Agreement is a “written
agreement” entered into with the OTS within the meaning of Section 8 of the FDIA, 12 U.S.C. §
1818.

Counterparts

	24.	 	This Agreement may be executed in two or more counterparts, all of which shall be considered
one and the same agreement and each of which shall be deemed an original.

Effective Date

	25.	 	This Agreement is and will become effective on the Effective Date as defined herein.

Signature of Directors

	26.	 	Each Director signing the Agreement attests, by such act, that or he voted in favor of a
Board Resolution authorizing the execution of this Agreement by the Association. A copy of
the Resolution of Irwin Union’s Board of Directors authorizing the execution of the Agreement
shall be delivered to the OTS along with the executed original of the
Agreement.

[The Remainder of this Page is Intentionally Left Blank]

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     IN WITNESS WHEREOF, the OTS, acting by and through the Regional Director, and the Association
hereby execute this Agreement as of the Effective Date of this Agreement.

	 	 	 	 	 	 	 	 	 	 	 
	OFFICE OF THRIFT SUPERVISION	 	 	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 	 	 
	By:

	 	/s/ Thomas A. Barnes	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 
	 

	 	Thomas A. Barnes,	 	 	 	 	 	 	 	 
	 

	 	Regional Director, Central Region	 	 	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 	 	 
	IRWIN UNION BANK, F.S.B.	 	 	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 	 	 
	By:

	 	/s/ Jesse R. Brand
	 	 	 	By:
	 	/s/ Bradley J. Kime	 	 
	 	 	 	 	 	 	 	 	 	 	 
	 

	 	Jesse R. Brand,
	 	 
	 	 	 	Bradley J. Kime,	 	 
	 

	 	Director
	 	 	 	 	 	Director
	 	 
	 
	 	 	 	 	 	 	 	 	 	 
	By:

	 	/s/ Duncan Burdette
	 	 	 	By:
	 	/s/ Albert H. Shumaker, II	 	 
	 	 	 	 	 	 	 	 	 	 	 
	 

	 	Duncan Burdette,
	 	 	 	 	 	Albert H. Shumaker, II	 	 
	 

	 	Director
	 	 	 	 	 	Director
	 	 
	 
	 	 	 	 	 	 	 	 	 	 
	By:

	 	/s/ Gregory F. Ehlinger	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 
	 

	 	Gregory F. Ehlinger,	 	 	 	 	 	 	 	 
	 

	 	Director	 	 	 	 	 	 	 	 

9exv10w54

	 	 	 	 	 

Exhibit 10.54

October 8, 2008

Mr. Jon Feltheimer

Los Angeles, California 90049

RE: Amendment No. 2 to Employment Agreement

Dear Mr. Feltheimer,

     Reference is hereby made to that certain employment agreement dated as of September 20, 2006
by and between Lions Gate Entertainment Corp. (“Lions Gate”) and Jon Feltheimer (“Feltheimer”) (the
“Employment Agreement”) and that certain amendment to the Employment Agreement dated September 18,
2008 by and between Lions Gate and Feltheimer (the “First Amendment, and collectively with the
Employment Agreement, the “Agreement”) with respect to Feltheimer’s employment by Lions Gate. The
purpose of this letter agreement is, for good and valuable consideration, to amend certain
provisions of the Agreement as follows:

     1. Section 2 of the Agreement is hereby amended and restated, effective immediately, to read
in its entirety as follows:

     “2. Term. Feltheimer’s employment term under this Agreement shall commence on the
Effective Date and continue through and including March 31, 2014 (the “Term”).”

     2. Section 3 of the Agreement is hereby amended and restated, effective immediately, to read
in its entirety as follows:

     “3. Base Salary. From the Effective Date through March 31, 2007, Lions Gate shall pay
Feltheimer an annual fixed salary of US$850,000, payable in equal installments in accordance with
Lions Gate’s standard payroll practices. Commencing on April 1, 2007, and continuing through March
31, 2014, Lions Gate shall pay Feltheimer an annual fixed salary of US$1,200,000 payable in equal
installments in accordance with Lions Gate’s standard payroll practices (the “Base Salary”).
Notwithstanding the foregoing, commencing on October 8, 2011 (the “Amendment Date”) and on each
anniversary of the Amendment Date during the remaining portion of the Term, the Base Salary for the
next twelve (12) months shall be increased in the same proportion as the proportional difference
between the “Consumer Price Index for Urban Wage Earners All Items (Los Angeles-Riverside-Orange
County, CA),” published by the United States Department of Labor, Bureau of Labor Statistics (the
“CPI”) in effect on March 1 of the preceding year and the CPI in effect as of the Amendment Date
and as of each successive anniversary of the Amendment Date during the Term.

     3. The last sentence of Section 4 of the Agreement is hereby amended and restated, effective
immediately, to read in its entirety as follows:

     “The Discretionary Bonus, if any, shall be payable in a timely manner, but in any event when
bonuses, if any, are generally given to Lions Gate’s other senior-level employees and in no event
later than June 30 of each year during the Term, and, in addition, June 30 of 2014 (for bonus
amounts based on the fiscal year ending March 31, 2014).”

1

 

     4. Section 6 of the Agreement is hereby amended and restated, effective immediately, to
include the following Sections 6(f), (g), (h) and (i):

          “(f) Second Grant of Restricted Stock Units. Provided that Feltheimer’s employment
hereunder has not previously been terminated for cause (as defined herein), death, or disability
(as defined herein) and subject to regulatory approval, if required, Feltheimer shall be granted,
upon execution of this agreement, a total of 916,071 Restricted Stock Units (“Second RSUs”)
according to the following schedule: (i) 458,036 time vesting Second RSUs (the “Second Time
Vesting RSUs”); (ii) 458,035 performance vesting Second RSUs (the “Second Performance Vesting
RSUs”). Such Second RSUs shall be payable upon vesting in an equal number of common shares to
Lions Gate. The foregoing Second RSUs shall be in addition to any Pre-existing Equity.

          (g) Date of Vesting. Subject to Feltheimer’s continued employment hereunder through
the relevant vesting date, the Second RSUs shall vest as follows:

               (i) The Second Time Vesting RSUs (458,036 RSUs) shall vest in three (3) equal annual
installments with the first such installment vesting on March 31, 2012, and the last vesting on
March 31, 2014;

               (ii) The Second Performance Vesting RSUs (458,035 RSUs) shall be eligible to vest in three (3)
equal annual installments with the first installment being eligible to vest on March 31, 2012, the
second on March 31, 2013, and the third on March 31, 2014 (each, a “Second Performance Vesting
Date”); provided, however, that the vesting of the Second RSUs on each such Second Performance
Vesting Date shall be subject to annual Company performance targets approved in advance by the
Compensation Committee for the twelve (12) month period ending on such Second Performance Vesting
Date. The Second Performance Vesting RSUs provided for by this Section 6(g)(ii) shall vest on a
sliding scale basis if the Company performance targets have not been fully met for a particular
year. For purposes of example only, if seventy five (75) percent of Company targets have been met
for a particular year, seventy five (75) percent of the Second Performance Vesting RSUs eligible to
vest for that year would vest. Notwithstanding the foregoing, the Compensation Committee may, in
its sole discretion, provide that any or all of the Second Performance Vesting RSUs scheduled to
vest on any such Second Performance Vesting Date shall be deemed vested as of such date even if the
applicable performance targets are not met. Furthermore, the Compensation Committee may, in its
sole discretion, provide that any Second RSUs scheduled to vest on any such Second Performance
Vesting Date that do not vest because the applicable performance targets are not met may vest on
any future Second Performance Vesting Date if the performance targets applicable to such future
Second Performance Vesting Date are exceeded.

          (h) Any and all references to RSUs in Sections 6(c), 6(d), 6(e), 7(a), 10 and 14(b)(iii) of
the Agreement shall include the Second RSUs set forth above, unless the context requires otherwise.
Any and all references to the Time Vesting RSUs or RSUs granted pursuant to Section 6(b)(i) in
Sections 9(b)(i) and 14(c)(iii) of the Agreement shall include the Second Time Vesting RSUs, unless
the context requires otherwise. Any and all references to the Performance Vesting RSUs or RSUs
granted pursuant to Section 6(b)(ii) in Sections 9(b)(ii) and 14(c)(iii) of the Agreement shall
include the Second Performance Vesting RSUs, unless the context requires otherwise. Any and all
references to the Performance Vesting Date in Sections 9(b)(ii) and 14(c)(iii) of the Agreement
shall include the Second Performance Vesting Date, unless the context requires otherwise.

          (i) Quarterly Grant. Subject to Feltheimer’s continued employment hereunder through
the relevant grant date, and subject to regulatory approval, if required, on the first day
following each three (3) month anniversary of October 8, 2008 that occurs during the Term,
Feltheimer shall be

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issued a number of the Company’s common shares equivalent to TWO HUNDRED FIFTY THOUSAND
DOLLARS ($250,000.00), calculated using the closing price (in regular trading) of the Company’s
common shares on the last trading day immediately prior to the respective grant date (each a
“Quarterly Grant”) and subject in each case to applicable tax withholding. Each Quarterly Grant
shall be fully vested upon grant. Notwithstanding the foregoing, subject to Feltheimer’s continued
employment hereunder through March 31, 2014, and subject to regulatory approval, if required, on
March 31, 2014 Feltheimer shall receive a pro-rata portion of the Quarterly Grant for the period
ending on March 31, 2014. Notwithstanding the foregoing, in the event that this Agreement is
terminated pursuant to Section 14(a)(iv) or (b), the Quarterly Grants shall continue to be granted
and vest on each relevant grant date through March 31, 2014. For the sake of clarity,
notwithstanding Section 6(e), any future Quarterly Grants shall be forfeited in the event that this
Agreement is terminated pursuant to Section 14(a)(i), 14(a)(ii) or 14(a)(iii). Additionally for
the sake of clarity, any and all references to RSUs in Sections 6(c) and 6(e) of the Agreement
shall not include any Quarterly Grant. If shareholder or regulatory approval of any Quarterly
Grant is necessary and Lions Gate is unable to obtain such approval for all or any portion of a
Quarterly Grant, then Feltheimer shall be entitled to alternative commensurate compensation, the
details of which shall be negotiated in good faith.”

     Except as specifically amended hereby, the Agreement shall remain in full force and effect
without modification. This letter constitutes the entire agreement among the parties with respect
to modification of the Agreement and any other matters related thereto, and supersedes all prior
negotiations and understandings of the parties in connection therewith.

AGREED AND ACCEPTED:

	 	 	 	 	 
	 	 	 
	/s/ Jon Feltheimer
 	 	 
	JON FELTHEIMER 	 	 
	 	 	 

	 	 	 	 	 
	Lions Gate Entertainment Corp.

 	 	 
	/s/ Wayne Levin
 	 	 
	By WAYNE LEVIN 	 	 
	Executive Vice-President and General Counsel 	 	 
	 

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