Document:

exv10w1

 

Exhibit 10.1

AMENDMENT NO. 5 dated as of March 31, 2005 to the Amended
and Restated Credit, Security, Guaranty and Pledge Agreement
dated as of December 15, 2003 among Lions Gate Entertainment
Corp. and Lions Gate Entertainment Inc. (together, the
“Borrowers”), the Guarantors named therein, the Lenders referred
to therein, JPMorgan Chase Bank, National Association (formerly
known as JPMorgan Chase Bank), as Administrative Agent and as
Issuing Bank for the Lenders (the “Agent”), JPMorgan Chase Bank,
National Association Toronto Branch (formerly known as JPMorgan
Chase Bank, Toronto Branch) as Canadian Agent, Fleet National
Bank , as Co-Syndication Agent and BNP Paribas, as Co-Syndication
Agent (as the same may be amended, supplemented or otherwise
modified, the “Credit Agreement”).

INTRODUCTORY STATEMENT

     The Lenders have made available to the Borrowers a credit facility pursuant to the terms of
the Credit Agreement.

     The Borrowers have informed the Agent that they, directly or indirectly, intend to sell
certain of their Canadian assets to Maple Pictures Corp. (“Maple”), including (x) their equity
interest in certain Canadian Subsidiaries, (y) distribution rights and copyrights in certain items
of Product and (z) the majority of their equity interests in Christal Films Distribution Inc. In
connection with the sale of these assets, Lions Gate Films Corp. will acquire a minority interest
in Maple consisting of common and preferred shares of Maple, and Lions Gate Entertainment Inc. will
enter into a library distribution agreement and an output agreement with Maple for the distribution
of films for which the Borrowers control distribution rights in Canada (the foregoing transaction,
“Maple Transaction”).

     The Borrowers have requested certain amendments to the Credit Agreement to, among other
things, permit them to enter into and perform their obligations in connection with the Maple
Transaction, to eliminate the Canadian Dollar Facility and to increase the U.S. Dollar Revolving
Credit Facility by US$15,000,000 and the Lenders and the Agent have agreed to amend the Credit
Agreement, all on the terms and subject to the conditions herein set forth.

     Therefore, the parties hereto hereby agree as follows:

     Section 1. Defined Terms. Capitalized terms used herein and not otherwise defined
herein shall have the meaning given them in the Credit Agreement.

 

 

     Section 2. Amendments to the Credit Agreement. Subject to the satisfaction of the
conditions precedent set forth in Section 3 hereof, the Credit Agreement is hereby amended as of
the Effective Date (as hereinafter defined) as follows:

     (A) Article 1 of the Credit Agreement is hereby amended by adding the following definitions in
the appropriate alphabetical sequences:

“ ‘Maple’ shall mean Maple Pictures Corp., a corporation incorporated pursuant to the laws
of Canada.”

“Maple Transaction” shall mean (i) the sale of (x) the equity interests owned, directly or
indirectly, by the Borrowers in certain of their Canadian Subsidiaries, (y) distribution
rights and copyrights in certain items of Product and (z) the majority of the Borrowers’
equity interests in Christal Films Distribution Inc. and (ii) the entering into of a library
distribution agreement and an output agreement with Maple, pursuant to documentation in form
and substance reasonably acceptable to the Administrative Agent.

     (B) Article 1 of the Credit Agreement is hereby further amended by replacing the dollar amount
US$200,000,000 with the dollar amount US$215,000,000 in the definition of “U.S. Dollar Revolving
Credit Facility”.

     (C) Article 1 of the Credit Agreement is hereby further amended by deleting each of the
following terms in their entirety: “Canadian Agent”, “Canadian Clearing Account”, “Canadian Dollar
Cash Collateral Account”, “Canadian Dollar Credit Commitment”, “Canadian Dollar Equivalent”,
“Canadian Dollar Facility”, “Canadian Dollar Lenders”, “Canadian Dollar Loans”, “Canadian Dollar
Note”, “Canadian Dollars”, “Canadian L/C Exposure”, “Canadian Plan”, “Canadian Prime Rate”, and
“Canadian Prime Rate Loan”. The Credit Agreement is amended in its entirety by deleting all
references to such terms in each place they occur.

     (D) Sections 2.3 and 2.4 of the Credit Agreement are deleted in their entirety and all
references thereto are deleted each place they occur. The heading of Sections 2.3 is hereby
amended by deleting the phrase “Canadian Dollar Loans” and replacing it with the phrase “Not
Used.”. The heading of Section 2.4 of the Credit Agreement is hereby amended by deleting the
phrase “Bankers’ Acceptances” and replacing it with the phrase “Not Used.”.

     (E) Section 6.4 of the Credit Agreement is hereby amended by adding a new clause (xvii) at the
end thereof that reads as follows:

“(xvii) Investments in Maple consisting of 10 shares of the common stock of Maple
(representing 10% of the common stock of Maple outstanding at the closing of the Maple
Transaction) and $2,000,000 Canadian Dollars of Class A convertible preferred shares of
Maple which shares are being issued to Lions Gate Films Corp. as part of the Maple
Transaction.”

     (F) Section 6.7(a) is hereby amended to add the following subclause (vii) after subclause (vi)
appearing therein that reads as follows:

     “the sale of assets and the capital stock of certain Canadian Subsidiaries as part of the

2

 

     Maple Transaction.”

     (G) Section 6.15 of the Credit Agreement is hereby amended by replacing the dollar amount
“US$50,000,000” appearing in clause (x) thereof with the dollar amount “US$60,000,000”.

     (H) The Credit Agreement is further amended to cancel the Canadian Dollar Credit Commitment of
JPMorgan Chase Bank, National Association in the amount of US$15,000,000 and to increase its U.S.
Dollar Revolving Credit Commitment by the same amount.

     Section 3. Conditions to Effectiveness. The effectiveness of this Amendment is subject
to the satisfaction of all of the following conditions precedent (the date on which all such
conditions have been satisfied being herein called the “Effective Date”):

     (A) the receipt by the Agent of counterparts of this Amendment which, when taken together,
bear the signatures of the Borrowers, each Guarantor, the Agent and the Required Lenders;

     (B) the Agent shall have received and be satisfied with final versions of all documentation to
be executed in connection with the Maple Transaction; and

     (C) all legal matters incident to this Amendment shall be satisfactory to Morgan, Lewis &
Bockius LLP, counsel for the Agent.

     Section 4. Representations and Warranties. Each Credit Party represents and warrants
that:

     (A) after giving effect to this Amendment, the representations and warranties contained in the
Credit Agreement are true and correct in all material respects on and as of the date hereof as if
such representations and warranties had been made on and as of the date hereof (except to the
extent that any such representations and warranties specifically relate to an earlier date);

     (B) the receipt by the Agent of all fees as set forth in Section 5 of this Amendment; and

     (C) after giving effect to this Amendment, no Event of Default or Default will have occurred
and be continuing on and as of the date hereof.

     Section 5. Further Assurances. At any time and from time to time, upon the Agent’s
request and at the sole expense of the Credit Parties, each Credit Party will promptly and duly
execute and deliver any and all further instruments and documents and take such further action as
the Agent reasonably deems necessary to effect the purposes of this Amendment. Upon the Borrower’s
reasonable request and at the sole expense of the Credit Parties, the Agent shall execute and
deliver such terminations of security interest, intercreditor agreements, or other documentation
necessary to give effect to the Maple Transaction.

3

 

     Section 6. Fundamental Documents. This Amendment is designated a Fundamental Document
by the Agent.

     Section 7. Full Force and Effect. Except as expressly amended hereby, the Credit
Agreement and the other Fundamental Documents shall continue in full force and effect in accordance
with the provisions thereof on the date hereof. As used in the Credit Agreement, the terms
“Agreement”, “this Agreement”, “herein”, “hereafter”, “hereto”, “hereof”, and words of similar
import, shall, unless the context otherwise requires, mean the Credit Agreement as amended by this
Amendment.

     Section 8. APPLICABLE LAW. THIS AMENDMENT SHALL BE GOVERNED BY AND CONSTRUED IN
ACCORDANCE WITH THE LAWS OF THE STATE OF NEW YORK.

     Section 9. Counterparts. This Amendment may be executed in two or more counterparts,
each of which shall constitute an original, but all of which when taken together shall constitute
but one instrument.

     Section 10. Expenses. The Borrowers agree to pay all out-of-pocket expenses incurred
by the Agent in connection with the preparation, execution and delivery of this Amendment,
including, but not limited to, the reasonable fees and disbursements of counsel for the Agent.

     Section 11. Headings. The headings of this Amendment are for the purposes of reference
only and shall not affect the construction of or be taken into consideration in interpreting this
Amendment.

4

 

     IN WITNESS WHEREOF, the parties hereby have caused this Amendment to be duly executed as of
the date first written above:

	 	 	 	 	 
	 	 	BORROWERS:
	 
	 	 	 	 
	 	 	LIONS GATE ENTERTAINMENT CORP.
	

	 	By	 	 
	

	 	 	 	 
	 	 	Name:
	 	 	Title:
	 
	 	 	 	 
	 	 	LIONS GATE ENTERTAINMENT INC.
	

	 	By	 	 
	

	 	 	 	 
	

	 	 	 	Name:
	

	 	 	 	Title:
	 
	 	 	 	 

	 	 	 
	

	 	GUARANTORS:
	 
	 	 
	

	 	408376 B.C. LIMITED
	

	 	AM PSYCHO PRODUCTIONS, INC.
	

	 	ATTRACTION PRODUCTIONS LLC
	

	 	BLUE PRODUCTIONS INC.
	

	 	CINEPIX ANIMATION INC./ANIMATION CINEPIX INC.
	

	 	CINEPIX FILMS INC./FILMS CINEPIX INC.
	

	 	CONFIDENCE PRODUCTIONS, INC.
	

	 	COVEN PRODUCTIONS CORP.
	

	 	CUBE FORWARD PRODUCTIONS CORP.
	

	 	CUT PRODUCTIONS INC.
	

	 	DEAD ZONE PRODUCTION CORP.
	

	 	DEVILS REJECTS, INC.
	

	 	FINAL CUT PRODUCTIONS CORP.
	

	 	FIVE DAYS PRODUCTIONS CORP.
	

	 	FRAILTY PRODUCTIONS, INC.
	

	 	HIGH CONCEPT PRODUCTIONS INC.
	

	 	HYPERCUBE PRODUCTIONS CORP.
	

	 	KING OF THE WORLD PRODUCTIONS LLC
	

	 	LC PRODUCTIONS CORP.
	

	 	LG PICTURES INC.
	

	 	LIONS GATE FILMS CORP.
	

	 	LIONS GATE FILMS DEVELOPMENT CORP.
	

	 	LIONS GATE FILMS INC.
	

	 	LIONS GATE FILMS PRODUCTIONS CORP./PRODUCTIONS FILMS
	

	 	LIONS GATE S.A.R.F.

5

 

	 	 	 
	

	 	LIONS GATE MUSIC CORP.
	

	 	LIONS GATE RECORDS, INC.
	

	 	LIONS GATE STUDIO MANAGEMENT LTD.
	

	 	LIONS GATE TELEVISION CORP.
	

	 	LIONS GATE TELEVISION (ONTARIO) CORP.
	

	 	LIONS GATE TELEVISION DEVELOPMENT LLC
	

	 	LIONS GATE TELEVISION INC.
	

	 	LUCKY 7 PRODUCTIONS CORP.
	

	 	MISSING PRODUCTIONS CORP.
	

	 	MISSING PRODUCTIONS I CORP.
	

	 	MISSING PRODUCTIONS II CORP.
	

	 	MOTHER PRODUCTIONS CORP.
	

	 	M WAYS PRODUCTIONS CORP.
	

	 	M WAYS II PRODUCTIONS CORP.
	

	 	PLANETARY PRODUCTIONS, LLC
	

	 	PRESSURE PRODUCTIONS CORP.
	

	 	PRISONER OF LOVE PRODUCTIONS CORP.
	

	 	PROFILER PRODUCTIONS CORP.
	

	 	PSYCHO PRODUCTIONS SERVICES CORP.
	

	 	SHUTTERSPEED PRODUCTIONS CORP.
	

	 	TERRESTRIAL PRODUCTIONS CORP.
	

	 	VOID PRODUCTIONS CORP.
	

	 	WEEDS PRODUCTIONS INC.
	

	 	WIDOW PRODUCTIONS CORP.
	

	 	WILDFIRE PRODUCTIONS INC.
	

	 	WRITERS ON THE WAVE
	

	 	3F SERVICES, INC.
	

	 	ARIMA INC.
	

	 	ARTISAN ENTERTAINMENT INC.
	

	 	ARTISAN FILMED PRODUCTIONS, INC.
	

	 	ARTISAN HOME ENTERTAINMENT INC.
	

	 	ARTISAN MUSIC INC.
	

	 	ARTISAN PICTURES INC.
	

	 	ARTISAN RELEASING INC.
	

	 	ARTISAN TELEVISION INC.
	

	 	BD OPTICAL MEDIA, INC.
	

	 	BL DISTRIBUTION CORP.
	

	 	CAVE PRODUCTIONS, INC.
	

	 	FHCL, LLC
	

	 	FILM HOLDINGS CO.
	

	 	FUSION PRODUCTIONS, INC.
	

	 	LANDSCAPE ENTERTAINMENT CORP.
	

	 	POST PRODUCTION, INC.
	

	 	PUNISHER PRODUCTIONS, INC.
	

	 	SCREENING ROOM, INC.

6

 

	 	 	 	 	 
	 	 	SILENT DEVELOPMENT CORP.
VESTRON INC.
	 
	 	 	 	 
	

	 	By:
	 	 
	

	 	 	 	Name:
	

	 	 	 	Title:
	 
	 	 	 	 
	 	 	BLAIR WITCH FILM PARTNERS LTD.
	

	 	By:
	 	Artisan Filmed Productions Inc.
	

	 	Its:
	 	General Partner
	 
	 	 	 	 
	

	 	By:
	 	 
	

	 	 	 	Name:
	

	 	 	 	Title:
	 
	 	 	 	 
	 	 	LENDERS:
	 
	 	 	 	 
	 	 	JPMORGAN CHASE BANK,
NATIONAL ASSOCIATION, (formerly known as JPMorgan Chase Bank),
individually and as Administrative Agent
	 
	 	 	 	 
	

	 	By
	 	 
	 	 	Name:
	 	 	Title:
	 	 	Address:      277 Park Avenue
                      16th Floor,
                       New York, NY 10172
	 	 	Attention:     Garrett Verdone
	 	 	Facsimile:      (212) 899-2893

7

 

	 	 	 	 	 
	 	 	BANK LEUMI USA
	 
	 	 	 	 
	

	 	By	 	 
	

	 	 	 	 
	

	 	 	 	Name:
	

	 	 	 	Title:
	

	 	 	 	Address:
	

	 	 	 	Attention:
	

	 	 	 	Facsimile:
	 
	 	 	 	 
	 	 	BNP PARIBAS
	 
	 	 	 	 
	

	 	By	 	 
	

	 	 	 	 
	

	 	 	 	Name:
	

	 	 	 	Title:
	

	 	 	 	Address:
	

	 	 	 	Attention:
	

	 	 	 	Facsimile:
	 
	 	 	 	 
	

	 	By	 	 
	

	 	 	 	 
	

	 	 	 	Name:
	

	 	 	 	Title:
	

	 	 	 	Address:
	

	 	 	 	Attention:
	

	 	 	 	Facsimile:
	 
	 	 	 	 
	 	 	CITY NATIONAL BANK
	 
	 	 	 	 
	

	 	By	 	 
	

	 	 	 	 
	

	 	 	 	Name:
	

	 	 	 	Title:
	

	 	 	 	Address:
	

	 	 	 	Attention:
	

	 	 	 	Facsimile:

8

 

	 	 	 	 	 
	 	 	FLEET NATIONAL BANK
	 
	 	 	 	 
	

	 	By	 	 
	

	 	 	 	 
	

	 	 	 	Name:
	

	 	 	 	Title:
	

	 	 	 	Address:
	

	 	 	 	Attention:
	

	 	 	 	Facsimile:
	 
	 	 	 	 
	 	 	ISRAEL DISCOUNT BANK OF NEW YORK
	 
	 	 	 	 
	

	 	By	 	 
	

	 	 	 	 
	

	 	 	 	Name:
	

	 	 	 	Title:
	

	 	 	 	Address:
	

	 	 	 	Attention:
	

	 	 	 	Facsimile:
	 
	 	 	 	 
	

	 	By	 	 
	

	 	 	 	 
	

	 	 	 	Name:
	

	 	 	 	Title:
	

	 	 	 	Address:
	

	 	 	 	Attention:
	

	 	 	 	Facsimile:
	 
	 	 	 	 
	 	 	JP MORGAN CHASE BANK, TORONTO BRANCH, individually
and as Canadian Agent
	 
	 	 	 	 
	

	 	By	 	 
	

	 	 	 	 
	

	 	 	 	Name:
	

	 	 	 	Title:
	

	 	 	 	Address:
	

	 	 	 	Attention:
	

	 	 	 	Facsimile:

9

 

	 	 	 	 	 
	 	 	MANUFACTURERS BANK
	 
	 	 	 	 
	

	 	By	 	 
	

	 	 	 	 
	

	 	 	 	Name:
	

	 	 	 	Title:
	

	 	 	 	Address:
	

	 	 	 	Attention:
	

	 	 	 	Facsimile:
	 
	 	 	 	 
	 	 	U.S. BANK NATIONAL ASSOCIATION
	 
	 	 	 	 
	

	 	By	 	 
	

	 	 	 	 
	

	 	 	 	Name:
	

	 	 	 	Title:
	

	 	 	 	Address:
	

	 	 	 	Attention:
	

	 	 	 	Facsimile:
	 
	 	 	 	 
	 	 	SOCIETE GENERALE
	 
	 	 	 	 
	

	 	By	 	 
	

	 	 	 	 
	

	 	 	 	Name:
	

	 	 	 	Title:
	

	 	 	 	Address:
	

	 	 	 	Attention:
	

	 	 	 	Facsimile:
	 
	 	 	 	 
	 	 	THE LEWIS HORWITZ ORGANIZATION, a division of
Imperial Capital Bank
	 
	 	 	 	 
	

	 	By	 	 
	

	 	 	 	 
	

	 	 	 	Name:
	

	 	 	 	Title:
	

	 	 	 	Address:
	

	 	 	 	Attention:
	

	 	 	 	Facsimile:

10

 

	 	 	 	 	 
	 	 	UNION BANK OF CALIFORNIA, N.A.
	 
	 	 	 	 
	

	 	By	 	 
	

	 	 	 	 
	

	 	 	 	Name:
	

	 	 	 	Title:
	

	 	 	 	Address:
	

	 	 	 	Attention:
	

	 	 	 	Facsimile:
	 
	 	 	 	 
	 	 	WESTLB AG (formerly Westdeutsche Landesbank

Girozentrale), NEW YORK BRANCH
	 
	 	 	 	 
	

	 	By	 	 
	

	 	 	 	 
	

	 	 	 	Name:
	

	 	 	 	Title:
	

	 	 	 	Address:
	

	 	 	 	Attention:
	

	 	 	 	Facsimile:
	 
	 	 	 	 
	

	 	By	 	 
	

	 	 	 	 
	

	 	 	 	Name:
	

	 	 	 	Title:
	

	 	 	 	Address:
	

	 	 	 	Attention:
	

	 	 	 	Facsimile:
	 
	 	 	 	 
	 	 	THE ROYAL BANK OF SCOTLAND PLC
	 
	 	 	 	 
	

	 	By	 	 
	

	 	 	 	 
	

	 	 	 	Name:
	

	 	 	 	Title:
	

	 	 	 	Address:
	

	 	 	 	Attention:
	

	 	 	 	Facsimile:

11

 

	 	 	 	 	 
	 
	 	 	 	 
	 	 	GRAYSON & CO.
	 
	 	 	 	 
	

	 	By	 	 
	

	 	 	 	 
	

	 	 	 	Name:
	

	 	 	 	Title:
	

	 	 	 	Address:
	

	 	 	 	Attention:
	

	 	 	 	Facsimile:

12exv10w1

 

Exhibit 10.1

	 	 	 
	

	 	P O Box 537012

Sacramento CA 95853-7012
	 
	 	 
	Terry L. Hall

	 	Tel:916-351-8606
	Chairman, President and

	 	Fax:916-351-8668
	Chief Executive Officer

	 	Terry.Hall@GenCorp.com

April 12, 2005

Mr. Philip W. Cyburt

Cyburt Hall Partners, LLC

444 S. Flower Street

Suite 2500

Los Angeles, California 90071

Dear Phil:

I am very excited by the prospect of your joining our team. I believe you will make a significant
contribution to the success of our business. On behalf of GenCorp Inc., I am delighted to offer
you the position of Chief Executive Officer — Real Estate. In this position, you will report
directly to me.

In this position, you will be devoting 50% of your time and professional energies to GenCorp,
including spending portions of your time in the Company’s
Sacramento, California offices. I expect you to perform a critical role in the organization, building and managing a team to
develop and create value from the Company’s real estate holdings. I will look to you for
leadership in creating programs and plans needed to continue to grow our Real Estate business.

This offer is contingent upon your written acceptance of the position under the following terms of
employment:

	•  	Start Date. Your employment with the Company will commence
effective April 1, 2005 (“employment date”).
	 
	•  	Salary. Your monthly salary will be $25,000. In addition,
the Company will reimburse you for approved business expenses. You
will not be eligible for incentive bonuses.
	 
	•  	Term. Your period of employment will be for three (3)
years, subject to (i) termination by the Company for Cause (as
defined below), and (ii) early termination by either party as
provided below. This letter agreement is subject to termination
by either you or the Company, for any reason or no reason, on the
first or second anniversary of your
employment date, upon thirty (30) days’ prior written notice. No salary will be paid after the
effective date of such termination.

 

 

	•  	Stock Appreciation Rights. As soon as practicable following your employment date,
you will be granted Fifty Thousand (50,000) Stock Appreciation Rights (SARs) pursuant to the
GenCorp 1999 Equity and Performance Incentive Plan, subject to approval by the Organization &
Compensation Committee of the Board of Directors. The SARs will vest on the first anniversary
of your employment date, presuming that you remain in the continuous employ of the Company
during that period. The term during which any vested SARs will be exercisable will be
determined as follows:

	 	 	 
	Period of

Continuous Employment

	 	Term of SARs
	 
	 	 
	1 Year

	 	3 Years from Date of Grant
	 
	 	 
	2 Years

	 	6 Years from Date of Grant
	 
	 	 
	3 Years

	 	10 Years from Date of Grant

While you will not be a corporate officer of GenCorp Inc., I anticipate that you will be considered
to be an “executive officer” of the Company for purposes of reporting under Section 16 of the
Securities Exchange Act of 1934.

	•  	401(k). You will be eligible to participate in the GenCorp
Retirement Savings Plan. The plan provides a 100% matching
contribution up to the first three-percent of your contributions to
the plan and a 50% match on your next three-percent of contributions.
All Company-matching contributions vest immediately and are
initially invested in the GenCorp Stock Fund.
	 
	•  	Benefits Restoration Plan. You will also participate in the
Company’s Benefits Restoration Plan with respect to 401(k) benefits.
This plan will allow you to continue 401(k) contributions and be
credited with matching contributions that you would otherwise lose
because of certain Internal Revenue Code limitations on participation
in the 401(k) plan.
	 
	•  	Pension. You will not be eligible to participate in the
Company’s defined benefit pension plan.
	 
	•  	Flexible Benefits. GenCorp offers a flexible benefits program
that provides a number of benefit levels and options from which to
choose. These options include, but are not limited to:

	 	•  	Comprehensive health insurance
	 	•  	Dental insurance
	 	•  	Life insurance
	 	•  	Accidental death and dismemberment insurance
	 	•  	Long-term disability insurance

 

 

Some of these coverages require employee contributions and some are voluntary.

	•  	Vacation. Since you will only be devoting half of your time to the Company, you
will not be entitled to paid vacation.

GenCorp offers a drug-free work environment. It is the policy of GenCorp that all offers of
employment are contingent upon successfully passing a pre-employment alcohol and drug screen test.

This employment offer is contingent upon reference checks and a background investigation
satisfactory to the Company.

For purposes of this letter agreement, “Cause” means: (a) conviction of the employee for (i) any
crime constituting a felony in the jurisdiction in which committed, (ii) any crime involving moral
turpitude (whether or not a felony), or (iii) any other criminal act against the Company involving
dishonesty or willful misconduct (whether or not a felony) or (b) willful malfeasance or gross
misconduct by the employee which damages the Company; provided, however, that the Company shall not
be deemed to have Cause pursuant to clause (b) unless the Company gives the employee written notice
that the specified conduct or event has occurred and the employee fails to cure the conduct or
event within thirty (30) days after receipt of such notice.

This letter agreement incorporates all of the elements of our employment offer, subject to the more
definitive terms of the GenCorp Human Resources policies and employee benefit plans. There are no
other terms or conditions of employment, and your acceptance of this offer acknowledges that no one
provided additional promises or incentives for you to accept employment with GenCorp. Summary
descriptions of the GenCorp employee benefit plans are available upon request.

To indicate your agreement with the above terms of your employment offer, please sign below and
return one copy of this letter to me in the enclosed return envelope.

Sincerely,

/s/ Terry L. Hall

Terry L. Hall

 

Accepted this 12th day of April 2005

	 	 	 
	Signature:

	 	/s/ Philip W. Cyburt
	

	 	Philip W. Cyburt

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00082-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00082-of-00352.parquet"}]]