Document:

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                                                                     EXHIBIT 4.1

                          LIONS GATE ENTERTAINMENT INC.

Certificate No. 2

                  THIS NOTE (OR ITS PREDECESSOR) WAS ORIGINALLY ISSUED IN A
TRANSACTION EXEMPT FROM REGISTRATION UNDER THE UNITED STATES SECURITIES ACT OF
1933, AS AMENDED (THE "SECURITIES ACT"), AND THIS NOTE AND THE COMMON SHARES OF
LIONS GATES ENTERTAINMENT CORP. ISSUABLE UPON CONVERSION HEREOF MAY NOT BE
OFFERED, SOLD OR OTHERWISE TRANSFERRED IN THE ABSENCE OF SUCH REGISTRATION OR AN
APPLICABLE EXEMPTION THEREFROM. EACH PURCHASER OF THIS NOTE IS HEREBY NOTIFIED
THAT THE SELLER OF THIS NOTE MAY BE RELYING ON THE EXEMPTION FROM THE PROVISIONS
OF SECTION 5 OF THE SECURITIES ACT PROVIDED BY RULE 144A THEREUNDER.

                  THE HOLDER OF THIS NOTE AGREES FOR THE BENEFIT OF THE COMPANY
THAT (A) THIS NOTE AND THE COMMON SHARES OF LIONS GATES ENTERTAINMENT CORP.
ISSUABLE UPON CONVERSION HEREOF MAY BE OFFERED, RESOLD, PLEDGED OR OTHERWISE
TRANSFERRED, ONLY (I) IN THE UNITED STATES TO A PERSON WHOM THE SELLER
REASONABLY BELIEVES IS A QUALIFIED INSTITUTIONAL BUYER (AS DEFINED IN RULE 144A
UNDER THE SECURITIES ACT) IN A TRANSACTION MEETING THE REQUIREMENTS OF RULE
144A, (II) OUTSIDE THE UNITED STATES IN AN OFFSHORE TRANSACTION IN ACCORDANCE
WITH RULE 904 UNDER THE SECURITIES ACT, (III) PURSUANT TO AN EXEMPTION FROM
REGISTRATION UNDER THE SECURITIES ACT PROVIDED BY RULE 144 THEREUNDER (IF
AVAILABLE), OR (IV) PURSUANT TO AN EFFECTIVE REGISTRATION UNDER THE SECURITIES
ACT, IN EACH OF CASES (I) THROUGH (IV) IN ACCORDANCE WITH ANY APPLICABLE
SECURITIES LAWS OF ANY STATE OF THE UNITED STATES, AND (B) THE HOLDER WILL, AND
EACH SUBSEQUENT HOLDER IS REQUIRED TO, NOTIFY ANY PURCHASER OF THIS NOTE FROM IT
OF THE RESALE RESTRICTIONS REFERRED TO IN (A) ABOVE. IN ANY CASE THE HOLDER
HEREOF WILL NOT, DIRECTLY OR INDIRECTLY, ENGAGE IN ANY HEDGING TRANSACTION WITH
REGARD TO THE SECURITIES EXCEPT AS PERMITTED BY THE SECURITIES ACT.

                  THIS NOTE, ANY COMMON SHARES OF LIONS GATES ENTERTAINMENT
CORP. ISSUABLE UPON CONVERSION HEREOF AND ANY RELATED DOCUMENTATION MAY BE
AMENDED OR SUPPLEMENTED FROM TIME TO TIME TO MODIFY THE RESTRICTIONS ON RESALES
AND OTHER TRANSFERS OF THIS NOTE AND ANY SUCH SHARES TO REFLECT ANY CHANGE IN
APPLICABLE LAW OR REGULATION (OR THE INTERPRETATION THEREOF) OR IN PRACTICES
RELATING TO THE RESALE OR TRANSFER OF RESTRICTED SECURITIES GENERALLY. THE
HOLDER OF THIS NOTE AND SUCH SHARES SHALL BE DEEMED BY THE ACCEPTANCE OF THIS
NOTE AND ANY SUCH SHARES TO HAVE AGREED TO SUCH AMENDMENT OR SUPPLEMENT.
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                  THIS NOTE IS SUBJECT TO THE TERMS OF AN OPTIONAL REDEMPTION
PURSUANT TO WHICH THE ISSUER MAY REDEEM THE NOTE AT ANY TIME ON OR AFTER MARCH
15, 2012 AT SPECIFIED REDEMPTION PRICES. THIS NOTE IS ALSO SUBJECT TO REPURCHASE
AT THE OPTION OF THE HOLDER PURSUANT TO WHICH THE ISSUER MAY BE OBLIGATED TO
REPURCHASE THIS NOTE ON SPECIFIED DATES OR UPON THE OCCURRENCE OF CERTAIN
DESIGNATED EVENTS. THE OPTIONAL REDEMPTION AND REPURCHASES AT THE OPTION OF THE
HOLDER ARE MORE FULLY DESCRIBED IN THE OFFERING CIRCULAR DATED FEBRUARY 18,
2005, A COPY OF WHICH IS AVAILABLE FROM THE ISSUER UPON REQUEST.

                  THIS SECURITY IS A GLOBAL SECURITY WITHIN THE MEANING OF THE
INDENTURE HEREINAFTER REFERRED TO AND IS REGISTERED IN THE NAME OF A DEPOSITARY
OR A NOMINEE THEREOF. THIS SECURITY MAY NOT BE EXCHANGED IN WHOLE OR IN PART FOR
A SECURITY REGISTERED, AND NO TRANSFER OF THIS SECURITY IN WHOLE OR IN PART MAY
BE REGISTERED, IN THE NAME OF ANY PERSON OTHER THAN SUCH DEPOSITARY OR A NOMINEE
THEREOF, EXCEPT IN THE LIMITED CIRCUMSTANCES DESCRIBED IN THE INDENTURE.

                  UNLESS THIS CERTIFICATE IS PRESENTED BY AN AUTHORIZED
REPRESENTATIVE OF THE DEPOSITORY TRUST COMPANY ("DTC"), A NEW YORK CORPORATION,
TO THE ISSUER OR ITS AGENT FOR REGISTRATION OF TRANSFER, EXCHANGE OR PAYMENT,
AND ANY CERTIFICATE ISSUED IS REGISTERED IN THE NAME OF CEDE & CO. OR IN SUCH
OTHER NAME AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC (AND ANY
PAYMENT IS MADE TO CEDE & CO. OR TO SUCH OTHER ENTITY AS IS REQUESTED BY AN
AUTHORIZED REPRESENTATIVE OF DTC), ANY TRANSFER, PLEDGE OR OTHER USE HEREOF FOR
VALUE OR OTHERWISE BY OR TO ANY PERSONS IS WRONGFUL INASMUCH AS THE REGISTERED
OWNER HEREOF, CEDE & CO., HAS AN INTEREST HEREIN.

              3.625% CONVERTIBLE SENIOR SUBORDINATED NOTE DUE 2025
                              CUSIP NO. 535919 AE 4

                  LIONS GATE ENTERTAINMENT INC., a Delaware corporation (herein
called the "ISSUER"), for value received, hereby promises to pay to Cede & Co.
or registered assigns, the principal sum of TWENTY FIVE MILLION DOLLARS
($25,000,000) on March 15, 2025 and interest thereon, as provided on the reverse
hereof, until the principal and any unpaid and accrued interest is paid or duly
provided for. The right to payment of the principal and all other amounts due
with respect hereto is subordinated to the rights of Senior Debt as set forth in
the Indenture referred to on the reverse side hereof.

                  Interest Payment Dates: March 15 and September 15, with the
first payment to be made on September 15, 2005.

                  Record Dates: March 1 and September 1.
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         REFERENCE IS HEREBY MADE TO THE FURTHER PROVISIONS OF THIS NOTE SET
FORTH ON THE REVERSE HEREOF, WHICH FURTHER PROVISIONS SHALL FOR ALL PURPOSES
HAVE THE SAME EFFECT AS IF SET FORTH AT THIS PLACE.

                  IN WITNESS WHEREOF, LIONS GATE ENTERTAINMENT INC. has caused
this instrument to be duly signed.

                                        LIONS GATE ENTERTAINMENT INC.

                                        By:_________________________________
                                        Name:
                                        Title:

Dated: February 28, 2005
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                     TRUSTEE'S CERTIFICATE OF AUTHENTICATION

                  This is one of the Notes referred to in the within-mentioned
Indenture.

J.P. MORGAN TRUST COMPANY, NATIONAL ASSOCIATION, as Trustee

By:
    --------------------------------------
             Authorized Signatory

Dated: February 28, 2005
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                                [REVERSE OF NOTE]

                          LIONS GATE ENTERTAINMENT INC.

              3.625% CONVERTIBLE SENIOR SUBORDINATED NOTE DUE 2025

1.       INTEREST. LIONS GATE ENTERTAINMENT INC., a Delaware corporation (the
         "ISSUER"), promises to pay interest on the principal amount of this
         Note at the initial rate PER ANNUM shown above. The Issuer will pay
         interest semi-annually on March 15 and September 15 of each year, with
         the first payment to be made on September 15, 2005. Interest on the
         Notes will accrue at a rate of 3.625% per annum on the principal amount
         from the most recent date to which interest has been paid or provided
         for or, if no interest has been paid, from February 24, 2005, until
         March 15, 2012 and thereafter interest on the Notes will accrue at a
         rate of 3.125% per annum on the principal amount. Interest will be
         computed on the basis of a 360-day year of twelve 30-day months.

         The Holder of this Note is entitled to the benefits of a Note Guarantee
         whereby Lions Gate Entertainment Corp., a British Columbia corporation
         and parent of the Issuer (the "COMPANY"), has fully and unconditionally
         guaranteed, as primary obligor and not merely as surety, to each Holder
         and the Trustee, the payment of principal and interest on this Note on
         an unsecured senior subordinated basis.

2.       MATURITY. The Notes will mature on March 15, 2025 ("MATURITY").

3.       METHOD OF PAYMENT. The Issuer will pay interest on the Notes (except
         defaulted interest) to the persons who are registered Holders at the
         close of business on the record date set forth on the face of this Note
         next preceding the applicable interest payment date. Holders must
         surrender Notes to the Issuer or its designated agent to collect the
         principal, Optional Redemption Price, Special Repurchase Price or
         Designated Event Repurchase Price of the Notes. The Issuer will pay all
         amounts due with respect to the Notes in money of the United States
         that at the time of payment is legal tender for payment of public and
         private debts. If this Note is in global form, the Issuer will pay
         interest on the Notes by wire transfer of immediately available funds
         to The Depository Trust Company. With respect to Notes held other than
         in global form, the Issuer will make payments: (i) by U.S. Dollar check
         drawn on a bank in The City of New York mailed to the address of the
         Holder; or (ii) upon application to the Registrar not later than the
         relevant Record Date by a Holder of an aggregate principal amount in
         excess of $5,000,000, by wire transfer in immediately available funds.

4.       PAYING AGENT, REGISTRAR, CONVERSION AGENT. Initially, J.P. Morgan Trust
         Company, National Association, (the "TRUSTEE") will act as Paying
         Agent, Registrar and Conversion Agent. The Issuer may change any Paying
         Agent, Registrar or Conversion Agent without notice. The Issuer or any
         Affiliate of the Issuer may act as Paying Agent.
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5.       INDENTURE. The Issuer issued the Notes under an Indenture dated as of
         February 24, 2005 (the "INDENTURE") between the Issuer, the Company and
         the Trustee. The terms of the Notes include those stated in the
         Indenture and those made part of the Indenture by reference to the
         Trust Indenture Act of 1939 (15 U.S. Code Sections 77aaa-77bbbb)
         (the "ACT") as in effect on the date of the Indenture. The Notes are
         subject to all such terms, and Holders are referred to the Indenture
         and the Act for a statement of such terms. The Notes are general
         unsecured senior subordinated obligations of the Issuer limited to
         $150,000,000 aggregate principal amount (or $175,000,000 principal
         amount of Notes if the Initial Purchasers (as defined in the Indenture)
         exercise in full their option to purchase an additional $25,000,000
         principal amount of Notes), except as otherwise provided in the
         Indenture. Terms used herein which are defined in the Indenture have
         the meanings assigned to them in the Indenture.

6.       OPTIONAL REDEMPTION. The Notes shall be redeemable, in whole or from
         time to time in part, at the option of the Issuer and subject to the
         terms and conditions of the Indenture, on any Trading Day on or after
         March 15, 2012 (an "OPTIONAL REDEMPTION DATE"), at a redemption price
         equal to 100% of the principal amount of the Notes to be redeemed plus
         accrued and unpaid interest on the principal amount to be redeemed, to,
         but excluding, the Optional Redemption Date (the "OPTIONAL REDEMPTION
         PRICE"). Notice of any such redemption by the Issuer will be given at
         least 30, but not more than 60, days before any Optional Redemption
         Date to each Holder of Notes to be redeemed at such Holder's registered
         address. The Issuer shall pay or deposit funds with the Paying Agent in
         the amount of the Optional Redemption Price on or before the Trading
         Day immediately preceding the Optional Redemption Date. If notice of
         such a redemption is provided and funds are paid or deposited as
         required, interest on and after the Optional Redemption Date will cease
         to accrue on the Notes or portions of Notes called for such a
         redemption. In the event that any Optional Redemption Date is not a
         Business Day, the Issuer will pay the Optional Redemption Price on the
         next Business Day without any additional interest or other payment due.
         If less than all the Notes are to be redeemed at the option of the
         Issuer, the Trustee shall select, by lot, on a pro rata basis or
         otherwise in accordance with the applicable procedures of the DTC, the
         Notes and portions of Notes to be redeemed. The Trustee may select for
         redemption Notes and portions of Notes of this series in amounts of
         whole multiples of $1,000 principal amount. Notes in denominations
         larger than $1,000 principal amount may be redeemed in part but only in
         whole multiples of $1,000 principal amount.

7.       REPURCHASE AT OPTION OF HOLDER ON SPECIFIED DATES. On March 15, 2012,
         March 15, 2015 and March 15, 2020 (each a "SPECIAL REPURCHASE DATE"),
         each Holder shall have the right, at such Holder's option and subject
         to the terms and conditions of the Indenture, to require the Issuer to
         purchase any or all of such Holder's Notes or any portion of the
         principal amount thereof that is equal to $1,000 or whole multiples
         thereof for a repurchase price equal to 100% of the principal amount of
         the Notes repurchased plus accrued and unpaid interest and additional
         interest, if any, to, but excluding, the Special Repurchase Date (the
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         "SPECIAL REPURCHASE PRICE"), provided that such interest will be paid
         to the person who was the registered Holder at the close of business on
         the record date for the corresponding interest payment date. Notice of
         each Special Repurchase Date containing the information required to be
         set forth in such notice by the Indenture shall be given by the Issuer
         to each Holder at its registered address not less than 20 Business Days
         prior to each Special Repurchase Date. Each Holder electing to require
         the Issuer to repurchase the Holder's Notes shall submit such
         information and documents as required by the Indenture to the Issuer or
         its designated agent on or before the close of business on the Special
         Repurchase Date and shall deliver (including by book-entry transfer)
         the Notes to be repurchased to the Issuer or its designated agent. In
         the event that a Holder submits Notes to be repurchased, the Issuer
         shall pay or deposit funds with the Paying Agent in the amount of the
         Special Repurchase Price on the Trading Day immediately following the
         Special Repurchase Date. If a Holder submits the required documentation
         for Notes to be repurchased and funds are paid or deposited as
         required, interest on and after the Special Repurchase Date will cease
         to accrue on the Notes or portions of Notes submitted for repurchase.

8.       REPURCHASE AT OPTION OF HOLDER UPON A DESIGNATED EVENT. If a Designated
         Event (as set forth in the Indenture) shall occur at any time prior to
         Maturity, each Holder shall have the right, at such Holder's option and
         subject to the terms and conditions of the Indenture, to require the
         Issuer to purchase any or all of such Holder's Notes for cash or any
         portion of the principal amount thereof that is equal to $1,000 or
         whole multiples thereof for a repurchase price equal to 100% of the
         principal amount of the Notes purchased plus accrued and unpaid
         interest to, but excluding, the Designated Event Repurchase Date (the
         "DESIGNATED EVENT REPURCHASE PRICE"), provided that such interest will
         be paid to the person who was the registered Holder at the close of
         business on the record date for the corresponding interest payment
         date. Notice of the occurrence and type of Designated Event and
         containing the information required to be set forth in such notice by
         the Indenture (the "DESIGNATED EVENT REPURCHASE NOTICE"), including,
         without limitation, the date selected by the Issuer that is not less
         than 20 nor more than 30 Business Days after the date of the Designated
         Event Repurchase Notice (the "DESIGNATED EVENT REPURCHASE DATE"), shall
         be given by the Issuer to each Holder at such Holder's registered
         address, as well as to the Trustee, not more than 10 days after the
         Issuer has become aware of such an occurrence. Each Holder electing to
         require the Issuer to repurchase the Holder's Notes shall submit such
         information and documents as are required by the Indenture, to the
         Issuer or its designated agent on or before the close of business on
         the Designated Event Repurchase Date and shall deliver (including by
         book-entry transfer) the Notes to be repurchased to the Issuer or its
         designated agent. The Issuer shall pay the Designated Event Repurchase
         Price in cash. In the event that a Holder submits Notes to be
         repurchased, the Issuer shall pay or deposit funds with the Paying
         Agent in the amount of the Designated Event Repurchase Price on the
         Trading Day immediately following the Designated Event Repurchase Date.
         If a Holder submits the required documentation for Notes to be
         repurchased and funds are paid or deposited as required, interest on
         and after the Designated Event
<PAGE>
         Repurchase Date will cease to accrue on the Notes or portions of Notes
         submitted for repurchase.

9.       CONVERSION. Subject to and upon compliance with the provisions of the
         Indenture, a Holder is entitled until the close of business on the
         Business Day immediately preceding the Maturity Date, at its option, to
         convert any Notes that are whole multiples of $1,000 principal amount
         into Common Shares (or, at the option of the Issuer, into cash or a
         combination of cash and Common Shares) at the Conversion Rate in effect
         at the time of conversion, subject to the adjustments described below.

         The initial conversion rate is 70.0133 Common Shares per $1,000
         principal amount of Notes (subject to adjustment in the event of
         certain circumstances as specified in the Indenture, the "CONVERSION
         RATE"), or an effective initial conversion price of approximately
         $14.28 per share (subject to adjustment in the event of certain
         circumstances as specified in the Indenture, the "CONVERSION PRICE").

         If the conversion is in connection with a Change in Control, there
         shall, under certain circumstances, be added to the Common Shares
         otherwise issuable upon conversion an additional number of Common
         Shares as a Make Whole Premium as set forth in the Indenture. In the
         event that of a Change of Control occurs that would otherwise trigger
         the obligation of the Issuer to pay the Make Whole Premium and the
         Acquiror is a Public Entity or is a direct or indirect subsidiary of a
         Public Entity, the Issuer may elect instead to provide that the Notes
         become convertible into common shares of the Public Entity, subject to
         certain conditions as specified in the Indenture.

         Upon conversion, at the option of the Issuer, the Issuer may, in lieu
         of delivery of the Common Shares issuable upon conversion, deliver cash
         or a combination of cash and Common Shares in satisfaction of its
         obligations upon such conversion.

         The Issuer will deliver cash in lieu of any fractional share. Upon
         conversion, no payment or adjustment for any unpaid and accrued
         interest and additional interest, if any, on the Notes will be made,
         except in certain circumstances as specified in the Indenture. If a
         Holder surrenders a Note for conversion after the record date for the
         payment of interest but prior to the corresponding interest payment
         date, such Note, when surrendered for conversion, must be accompanied
         by payment of an amount equal to the interest and additional interest,
         if any, thereon which has accrued and will accrue and be paid on the
         Notes being converted on the corresponding interest payment date,
         unless (1) the Notes have been called for redemption as described in
         the Indenture, (2) the Notes have been converted in connection with a
         Designated Event as described in the Indenture or (3) overdue interest,
         if any, exists at the time of conversion with respect to such Note.

         To convert a Note, a Holder must (1) with respect to any Note in
         certificated form, (A) complete and sign the Conversion Notice, with
         appropriate signature
<PAGE>
         guarantee, on the back of the Note and (B) surrender the Note to the
         Conversion Agent, (2) with respect to any interest in a Global Note,
         (A) complete, or cause to be completed, the appropriate instruction
         form for conversion pursuant to the Depositary's book-entry conversion
         program and (B) deliver, or cause to be delivered, to the Conversion
         Agent by book-entry delivery the interest in such Global Note being
         converted, (3) furnish appropriate endorsements and transfer documents
         if required by the Registrar or Conversion Agent, (4) pay funds equal
         to the interest payable on the next interest payment date to which such
         Holder is not entitled, if any, (as provided in the last sentence of
         the above paragraph) and (5) pay any transfer or similar tax if
         required. A Holder may convert a portion of a Note if the portion is
         $1,000 principal amount or a positive integral multiple of $1,000
         principal amount.

         Any shares issued upon conversion of a Note shall bear the Restrictive
         Securities Legend until after the second anniversary of the later of
         the issue date for the Notes (unless the Issuer determines otherwise in
         accordance with applicable law) or the last date on which the Issuer,
         the Company or any of their respective affiliates was the owner of such
         shares or the Note (or any predecessor notes) from which such shares
         were converted (or such shorter period of time) (the "Resale
         Restriction Termination Date").

10.      SUBORDINATION. The Notes are subordinated in right of payment, in the
         manner and to the extent set forth in the Indenture, to the prior
         payment in full of all Senior Debt. Each Holder by accepting a Note
         agrees to such subordination and authorizes the Trustee to give it
         effect.

11.      DENOMINATIONS, TRANSFER, EXCHANGE. The Notes are in registered form
         without coupons in denominations of $1,000 principal amount and
         positive integral multiples of $1,000 principal amount. The transfer of
         Notes may be registered and Notes may be exchanged as provided in the
         Indenture. The Registrar may require a Holder, among other things, to
         furnish appropriate endorsements and transfer documents. No service
         charge shall be made for any such registration of transfer or exchange,
         but the Issuer may require payment of a sum sufficient to cover any tax
         or other governmental charge payable in connection therewith. The
         Registrar need not exchange or register the transfer of any Note
         selected for redemption in whole or in part, except the unredeemed
         portion of Notes to be redeemed in part. Also, it need not exchange or
         register the transfer of any Notes for a period of 15 days before the
         mailing of a notice of redemption of the Notes selected to be redeemed
         and in certain other circumstances provided in the Indenture.

12.      PERSONS DEEMED OWNERS. The registered Holder of a Note may be treated
         as the owner of such Note for all purposes.

13.      MERGER OR CONSOLIDATION. The Issuer and the Company shall not
         consolidate with or merge with or into, or convey, transfer or lease
         all or substantially all of their assets, whether in a single
         transaction or series of related transactions to any
<PAGE>
         person unless (i) the Issuer or Company is the resulting Successor
         Company or the Successor Company is a corporation organized and
         existing under the laws of the United States, any State thereof or the
         District of Columbia or under the laws of Canada or any province
         thereof and such Successor Company assumes by supplemental indenture,
         executed and delivered to the Trustee, in form satisfactory to the
         Trustee, all of the Issuer's and the Company's obligations under the
         Indenture and the Notes, including the conversion rights and, in the
         event that the Successor Company is a Public Entity and such Public
         Entity is required to assume the Company's obligations under the
         Guarantee, such Public Entity shall assume the obligations of the
         Company under that certain Contribution Agreement or any successor
         agreement on similar terms as the Contribution Agreement; (ii)
         immediately after giving effect to the transaction, no Default or Event
         of Default shall exist; and (iii) the Issuer and the Company deliver to
         the Trustee an Officers' Certificate and an Opinion of Counsel, each
         stating that such consolidation, merger or transfer and such
         supplemental indenture, if any, comply with the Indenture and the
         Notes.

14.      AMENDMENTS, SUPPLEMENTS AND WAIVERS. Subject to certain exceptions, the
         Indenture or the Notes may be modified or amended with the consent or
         vote of the Holders of at least a majority in aggregate principal
         amount of the Notes then outstanding, and any existing Default or Event
         of Default may be waived with the consent or vote of the Holders of a
         majority in aggregate principal amount of the Notes then outstanding.
         Without notice to or the consent of any Holder, the Indenture or the
         Notes may be modified or amended to cure any ambiguity or
         inconsistency, to comply with Article VII of the Indenture, to comply
         with Section 14.11 of the Indenture, to reduce the conversion price, to
         make any changes or modifications to the Indenture necessary in
         connection with the registration of the Notes under the Securities Act
         and the qualification of the Indenture under the TIA, to secure the
         obligations of the Issuer in respect of the Notes, to add to covenants
         of the Issuer or the Company described in the Indenture for the benefit
         of Holders or to surrender any right or power conferred upon the
         Issuer.

15.      DEFAULTS AND REMEDIES. An Event of Default includes the occurrence of
         any of the following: default in payment of principal and premium, if
         any, at maturity, upon redemption or exercise of a repurchase right or
         otherwise; default for 30 days in payment of interest or other amounts
         due; failure by the Issuer or the Company for 60 days after notice to
         it to comply with any of its other agreements in the Indenture or the
         Notes; certain payment defaults or the acceleration of other
         indebtedness of the Issuer or its subsidiaries; certain events of
         bankruptcy or insolvency involving the Issuer, the Company or any of
         the Company's subsidiaries; and failure by the Issuer to provide timely
         notice of the occurrence of a Designated Event. If any Event of Default
         occurs and is continuing, the Trustee or the Holders of at least 25% in
         aggregate principal amount of the Notes then outstanding may declare
         all the Notes to be due and payable immediately, except as provided in
         the Indenture. If an Event of Default specified in Sections 5.1(e) or
         (f) of the Indenture with respect to the Issuer or the Company
<PAGE>
         occurs, the principal of and accrued interest on all the Notes shall
         become and be immediately due and payable without any declaration or
         other act on the part of the Trustee or any Holder. Holders may not
         enforce the Indenture or the Notes except as provided in the Indenture.
         The Trustee may require indemnity satisfactory to it before it enforces
         the Indenture or the Notes. Subject to certain limitations, Holders of
         a majority in principal amount of the Notes then outstanding may direct
         the Trustee in its exercise of any trust or power. The Trustee may
         withhold from Holders notice of any continuing Default or Event of
         Default (except a Default or Event of Default in payment) if it
         determines that withholding notice is in the interests of the Holders.
         The Issuer and the Company must furnish an annual compliance
         certificate to the Trustee.

16.      REGISTRATION RIGHTS. The Holders are entitled to registration rights as
         set forth in a Registration Rights Agreement (as defined in the
         Indenture). The Holders shall be entitled to receive liquidated damages
         in certain circumstances, all as set forth in the Registration Rights
         Agreement.

17.      TRUSTEE DEALINGS WITH THE ISSUER. The Trustee under the Indenture, or
         any banking institution serving as successor Trustee thereunder, in its
         individual or any other capacity, may make loans to, accept deposits
         from, and perform services for the Issuer or its Affiliates, and may
         otherwise deal with the Issuer or its Affiliates, as if it were not
         Trustee.

18.      NO RECOURSE AGAINST OTHERS. No past, present or future director,
         officer, employee or shareholder, as such, of the Company shall have
         any liability for any obligations of the Issuer under the Notes or the
         Indenture or for any claim based on, in respect of or by reason of such
         obligations or their creation. Each Holder by accepting a Note waives
         and releases all such liability. The waiver and release are part of the
         consideration for the issue of the Notes.

19.      AUTHENTICATION. This Notes shall not be valid until authenticated by
         the manual signature of the Trustee or an authenticating agent.

20.      ABBREVIATIONS. Customary abbreviations may be used in the name of a
         Holder or an assignee, such as: TEN COM (= tenants in common), TEN ENT
         (= tenants by the entirety), JT TEN (= joint tenants with right of
         survivorship and not as tenants in common), CUST (= Custodian), and
         U/G/M/A (Uniform Gifts to Minors Act).
<PAGE>
         THE COMPANY WILL FURNISH TO ANY HOLDER UPON WRITTEN REQUEST AND WITHOUT
         CHARGE A COPY OF THE INDENTURE. REQUESTS MAY BE MADE TO:

                           Lions Gate Entertainment Corp.
                           Lions Gate Entertainment Inc.
                           2700 Colorado Blvd., Suite 200
                           Santa Monica, CA  90404
                           Facsimile:
                           Attention:  Chief Financial Officer
<PAGE>
[FORM OF ASSIGNMENT]
I or we assign to
PLEASE INSERT SOCIAL SECURITY OR OTHER IDENTIFYING NUMBER

------------------------

--------------------------------------------------------------------------------
(please print or type name and address)

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the within Note and all rights thereunder, and hereby irrevocably constitutes
and appoints

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Attorney to transfer the Note on the books of the Issuer with full power of
substitution in the premises.

Dated:___________________________   __________________________________________
                                    NOTICE: The signature on this assignment
                                    must correspond with the name as it appears
                                    upon the face of the within Note in every
                                    particular without alteration or enlargement
                                    or any change whatsoever and be guaranteed
                                    by a guarantor institution participating in
                                    the Securities Transfer Agents Medallion
                                    Program or in such other guarantee program
                                    acceptable to the Trustee.

Signature Guarantee: _________________________________________________________
                  In connection with any transfer of this Note occurring prior
to the date which is the earlier of (i) the date of the declaration by the SEC
of the effectiveness of a registration statement under the Securities Act of
1933, as amended (the "Securities Act") covering resales of this Note (which
effectiveness shall not have been suspended or terminated at the date of the
transfer) and (ii) the Resale Restriction Termination Date, the undersigned
confirms that it has not utilized any general solicitation or general
advertising in connection with transfer:

                                   [Check One]

(1) ____ to the Issuer, the Company or any of their respective
         subsidiaries; or

(2) ____ pursuant to and in compliance with Rule 144A under the Securities
         Act of 1933, as amended; or

(3) ____ pursuant to the exemption from registration provided by Rule 144
         under the Securities Act of 1933, as amended; or

(4) ____ pursuant to an effective registration statement under the
         Securities Act of 1933, as amended.

and unless the box below is checked, the undersigned confirms that such Security
is not being transferred to an "affiliate" of the Issuer or the Company as
defined in Rule 144 under the Securities Act of 1933, as amended (an
"Affiliate"):
<PAGE>
                  [ ] The transferee is an Affiliate of the Issuer or the
Company. (If the Note is transferred to an Affiliate, the restrictive legend
must remain on the Note for two years following the date of the transfer).

                  Unless one of the items is checked, the Trustee will refuse to
register any of the Notes evidenced by this certificate in the name of any
person other than the registered Holder thereof; provided, however, that if item
(2) or (3) is checked, the Issuer or the Trustee may require, prior to
registering any such transfer of the Notes, in their sole discretion, such
written legal opinions, certifications and other information as the Trustee or
the Issuer have reasonably requested to confirm that such transfer is being made
pursuant to an exemption from, or in a transaction not subject to, the
registration requirements of the Securities Act of 1933, as amended.

                  If none of the foregoing items are checked, the Trustee or
Registrar shall not be obligated to register this Note in the name of any person
other than the Holder hereof unless and until the conditions to any such
transfer of registration set forth herein and in Section 2.16 of the Indenture
shall have been satisfied.

Dated:                                   Signed:
       ----------------------------------       --------------------------------
                                                (Sign exactly as name appears on
                                                the other side of this Note)
Signature Guarantee:
                    ------------------------------------------------------------

TO BE COMPLETED BY PURCHASER IF (2) ABOVE IS CHECKED

                  The undersigned represents and warrants that it is purchasing
this Note for its own account or an account with respect to which it exercises
sole investment discretion and that it and any such account is a "qualified
institutional buyer" within the meaning of Rule 144A under the Securities Act of
1933, as amended, and is aware that the sale to it is being made in reliance on
Rule 144A and acknowledges that it has received such information regarding the
Issuer and the Company as the undersigned has requested pursuant to Rule 144A or
has determined transferor is relying upon the undersigned's foregoing
representations in order to claim the exemption from registration provided by
Rule 144A.

Dated:__________________________  ______________________________________________
                                  NOTICE: To be executed by an executive officer
<PAGE>
                                CONVERSION NOTICE

To convert this Note into Common Shares of the Company, check the box: [ ]

To convert only part of this Note, state the principal amount to be converted
(must be in multiples of $1,000):

$____________________

If you want the share certificate made out in another person's name, fill in the
form below:

--------------------------------------------------------------------------------
(Insert other person's soc. sec. or tax I.D. no.)

--------------------------------------------------------------------------------

--------------------------------------------------------------------------------

--------------------------------------------------------------------------------

--------------------------------------------------------------------------------
(Print or type other person's name, address and zip code)

--------------------------------------------------------------------------------
Date:______________    Signature(s):____________________________________________

                                    ____________________________________________
                                    (Sign exactly as your name(s) appear(s) on
                                    the other side of this Note)

Signature(s) guaranteed by:
                            ----------------------------------------------------
                  (All signatures must be guaranteed by a guarantor institution
                  participating in the Securities Transfer Agents Medallion
                  Program or in such other guarantee program acceptable to the
                  Trustee.)
<PAGE>
                                   SCHEDULE A
           SCHEDULE OF EXCHANGES OF INTERESTS IN THE GLOBAL NOTE(1).

         The following exchanges of a part of this Global Notes for an interest
in another Global Note or for Notes in certificated form, have been made:

<TABLE>
<CAPTION>
                                                                          Principal amount of
                                                                           this Global Note         Signature or
                           Amount of decrease    Amount of increase in      following such      authorized signatory
                           in Principal amount    Principal amount of          decrease          of Trustee or Note
    Date of Exchange       of this Global Note      this Global Note         (or increase)            Custodian
<S>                        <C>                   <C>                      <C>                   <C>

</TABLE>

--------------------------
(1) This is included in Global Notes only.<PAGE>

                                                                     EXHIBIT 4.2

                                 NOTE GUARANTEE

                  For value received, the undersigned hereby unconditionally
guarantees, as principal obligor and not only as a surety, to the Holder of this
Note the cash payments in United States dollars of principal of, premium, if
any, and interest on this Note (and including Additional Interest payable
thereon) in the amounts and at the times when due and interest on the overdue
principal, premium, if any, and interest, if any, of this Note, if lawful, and
the payment or performance of all other Obligations of the Company under the
Indenture (as defined below) or the Note, to the Holder of this Note and the
Trustee, all in accordance with and subject to the terms and limitations of this
Note, Article III of the Indenture, the subordination provisions of Article XV
of the Indenture and this Guarantee. This Guarantee will become effective in
accordance with Article III of the Indenture and its terms shall be evidenced
therein. The validity and enforceability of this Guarantee shall not be affected
by the fact that it is not affixed to any particular Note. Capitalized terms
used but not defined herein shall have the meanings ascribed to them in the
Indenture dated as of February 24, 2005, among Lions Gate Entertainment Inc., a
Delaware corporation, as issuer (the "Company"), Lions Gate Entertainment Corp,
a British Columbia corporation, as guarantor (the "Guarantor") and J.P. Morgan
Trust Company, National Association, as trustee (the "Trustee") (as amended or
supplemented, the "Indenture").

                  THIS GUARANTEE SHALL BE GOVERNED BY, AND CONSTRUED IN
ACCORDANCE WITH, THE LAWS OF THE STATE OF NEW YORK BUT WITHOUT GIVING EFFECT TO
APPLICABLE PRINCIPLES OF CONFLICTS OF LAW TO THE EXTENT THAT THE APPLICATION OF
THE LAW OF ANOTHER JURISDICTION WOULD BE REQUIRED THEREBY. The Guarantor hereby
agrees to submit to the jurisdiction of the courts of the State of New York in
any action or proceeding arising out of or relating to this Guarantee.

<PAGE>

                  This Guarantee is subject to release upon the terms set forth
in the Indenture.

Date: February 28, 2005

                                             LIONS GATE ENTERTAINMENT CORP.

                                             By: ______________________________
                                                 Name:
                                                 Title:

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