Document:

exv10w48

 

EXHIBIT 10.48

AMENDMENT NO. 8 dated as of December 5, 2006 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, Bank of America, N.A. (as successor by merger to
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 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 to insert the following definition in
its appropriate alphabetical sequence:

 

 

          “‘Fractional Aircraft Interest’ shall mean a 12.5% fractional interest in a Falcon
2000 executive jet aircraft and/or a single purpose trust formed solely to hold such interest.”

     (B) The definition of “Excluded Assets” appearing in Article 1 of the Credit Agreement is
hereby amended by (a) inserting “(i)” following “mean” in the first sentence thereof and (b)
deleting the “.” following “Agreement” in the first sentence thereof and adding clause (ii) as
follows:

          “and (ii) the Fractional Aircraft Interest.”

     (C) Section 6.1(c) of the Credit Agreement is hereby amended by, following “;”, inserting
“plus, up to US$2,500,000 incurred solely to finance the Fractional Aircraft Interest.”

     (D) Section 6.1(o) of the Credit Agreement is hereby amended by, following “Excluded Assets”,
inserting “(other than the Fractional Aircraft Interest)”.

     (E) Section 6.2(d) of the Credit Agreement is hereby amended by inserting immediately after
the phrase “US$3,000,000 at any one time outstanding;” the phrase “plus, up to US$2,500,000
incurred solely to finance the Fractional Aircraft Interest.”

     (F) Section 6.6 of the Credit Agreement is hereby amended by inserting, immediately before the
completion of the parenthetical, the phrase “and any lease financing of the Fractional Aircraft
Interest”.

     (G) Section 6.11 of the Credit Agreement is hereby amended by replacing “US$5,000,000” with
“US$7,500,000” and replacing “US$15,000,000” with “US$20,000,000”.

     (H) Section 12.1(b)(ix) of the Credit Agreement is hereby amended by, following “Excluded
Assets”, inserting “(other than the Fractional Aircraft Interest)”.

     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 all Lenders;

     (B) the payment of all fees and expenses (including, without limitation, fees and
disbursements of counsel and consultants retained by the Agent) due and payable by any Credit Party
to the Agent and/or the Lenders; 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:

2

 

     (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) 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.

     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.

3

 

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

	 	 	 	 	 
	 	BORROWERS (in their capacities both as Borrowers and
as Guarantors):

LIONS GATE ENTERTAINMENT CORP.

 	 
	 	By  	/s/
 	 
	 	 	Title: General Counsel & EVP 	 
	 	 	 	 
	 
	 	LIONS GATE ENTERTAINMENT INC.

 	 
	 	By  	/s/
 	 
	 	 	Title: General Counsel & EVP 	 
	 	 	 	 
	 
	 	Executed as a Deed by
 	) 
	 	REDBUS FILM DISTRIBUTION
 	) 
	 	LIMITED by 	) 
	 
	 	                              /s/
 	 
	 	(Director) 	 
	 	 	 
	 	 	 
	 	                              /s/
 	 
	 	(Director/Secretary) 	 
	 	 	 
	 
	 	GUARANTORS:

3 WISE GUYS PRODUCTIONS INC.

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.

CUT PRODUCTIONS INC.

DEAD ZONE PRODUCTION CORP.

DEVILS REJECTS, INC.

FINAL CUT PRODUCTIONS CORP.

 	 
	 	 	 
	 	 	 
	 	 	 

4

 

	 	 	 	 	 

	 	 	 	 	 
	 	FIVE DAYS PRODUCTIONS CORP.

FRAILTY PRODUCTIONS, INC.

GC FILMS, 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.

LIONS GATE MUSIC CORP.

LIONS GATE RECORDS, INC.

LIONS GATE STUDIO MANAGEMENT LTD.

LIONS GATE TELEVISION

     DEVELOPMENT LLC

LIONS GATE TELEVISION INC.

LUCKY 7 PRODUCTIONS CORP.

MOTHER PRODUCTIONS CORP.

NGC FILMS, INC.

PLANETARY PRODUCTIONS, LLC

PROFILER PRODUCTIONS CORP.

PSYCHO PRODUCTIONS SERVICES CORP.

SCARLETT, LLC

TERRESTRIAL PRODUCTIONS CORP.

WEEDS PRODUCTIONS INC.

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.

 	 
	 	 	 
	 	 	 
	 	 	 

5

 

	 	 	 	 	 

	 	 	 	 	 
	 	LANDSCAPE ENTERTAINMENT CORP.

POST PRODUCTION, INC.

PUNISHER PRODUCTIONS, INC.

SCREENING ROOM, INC.

SILENT DEVELOPMENT CORP.

VESTRON INC.

 	 
	 	By  	/s/
 	 
	 	 	Title: General Counsel 	 
	 	 	 	 
	 
	 	BLAIR WITCH FILM PARTNERS LTD.
 	 
	 	By:  	                                              Artisan Filmed Productions Inc.
 	 
	 	Its:  	General Partner
	 	 	 	 
	 
	 	 	 
	 	By  	                                              /s/
 	 
	 	 	Title: General Counsel 	 
	 	 	 	 
	 
	 	Executed as a Deed by
 	) 
	 	REDBUS PICTURES LIMITED 	) 
	 
	 	                      /s/
 	 
	 	(Director) 	 
	 	 	 
	 	 	 
	 	                      /s/
 	 
	 	(Director/Secretary) 	 
	 
	 	Executed as a Deed by 	) 
	 	REDBUS HOME ENTERTAINMENT 	) 
	 	LIMITED by 	) 
	 
	 	 	 
	 	                      /s/
 	 
	 	(Director) 	 
	 	 	 
	 	 	 
	 	                      /s/
 	 
	 	(Director/Secretary) 	 
	 	 	 

6

 

	 	 	 	 	 

	 	 	 	 	 
	 	LENDERS:

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

 	 
	 	By  	/s/
 	 
	 	 	Title: Managing Director 	 
	 	 	 	 

7

 

	 	 	 	 	 

	 	 	 	 	 
	 	BANK LEUMI USA

 	 
	 	By  	/s/
 	 
	 	 	Title: first Vice President 	 
	 	 	 	 
	 
	 	BNP PARIBAS

 	 
	 	By  	/s/
 	 
	 	 	Title: Director 	 
	 	 	 	 
	 
	 	 	 
	 	By  	                                              /s/
 	 
	 	 	Title: Vice President 	 
	 	 	 	 
	 
	 	CITY NATIONAL BANK

 	 
	 	By  	/s/
 	 
	 	 	Title: Senior Vice President 	 
	 	 	 	 

8

 

	 	 	 	 	 
	 	BANK OF AMERICA, N.A. (as successor by merger to
Fleet National Bank)

 	 
	 	By  	/s/
 	 
	 	 	Title: Vice President 	 
	 	 	 	 
	 
	 	ISRAEL DISCOUNT BANK OF NEW YORK

 	 
	 	By  	/s/
 	 
	 	 	Title: First Vice President 	 
	 	 	 	 
	 
	 	 	 
	 	By  	                                              /s/
 	 
	 	 	Title: Assistant Vice President 	 
	 	 	 	 
	 
	 	MANUFACTURERS BANK

 	 
	 	By  	/s/
 	 
	 	 	Title: Vice President 	 
	 	 	 	 

9

 

	 	 	 	 	 

	 	 	 	 	 
	 	U.S. BANK NATIONAL ASSOCIATION

 	 
	 	By  	/s/
 	 
	 	 	Title: Senior Vide President 	 
	 	 	 	 
	 
	 	SOCIETE GENERALE

 	 
	 	By  	/s/
 	 
	 	 	Title: Managing Director 	 
	 	 	 	 
	 
	 	THE LEWIS HORWITZ ORGANIZATION, a division of
Imperial Capital Bank

 	 
	 	By  	/s/
 	 
	 
	 
	 	UNION BANK OF CALIFORNIA, N.A. 	 
	 	 	 	 
	 	 	 
	 	By  	                                              /s/
 	 
	 	 	Title: AVP 	 
	 	 	 	 

10

 

	 	 	 	 	 

	 	 	 	 	 
	 	WESTLB AG (formerly Westdeutsche Landesbank

Girozentrale), NEW YORK BRANCH

 	 
	 	By  	/s/
 	 
	 	 	Title: Managing Director 	 
	 	 	 	 
	 
	 	 	 
	 	By  	                                              /s/
 	 
	 	 	Title: Managing Director 	 
	 	 	 	 
	 
	 	THE ROYAL BANK OF SCOTLAND PLC

 	 
	 	By  	/s/
 	 
	 	 	Title: Senior Director 	 
	 	 	 	 
	 
	 	GRAYSON & CO.

 	 
	 	By  	/s/
 	 
	 	 	Title: Vice President 	 
	 	 	 	 
	 

11exv10w49

 

Exhibit 10.49

CONFIDENTIAL TREATMENT REQUESTED: INFORMATION FOR WHICH CONFIDENTIAL TREATMENT HAS BEEN REQUESTED
IS OMITTED AND IS NOTED WITH “*****.” AN UNREDACTED VERSION OF THIS DOCUMENT HAS BEEN
FILED SEPARATELY WITH THE SECURITIES AND EXCHANGE COMMISSION.

FIRST AMENDMENT

TO LG FILM FINANCE I, LLC

MASTER COVERED PICTURE PURCHASE AGREEMENT

AND MASTER GLOSSARY OF DEFINITIONS

AND RULES OF CONSTRUCTION;

MASTER DISTRIBUTION AGREEMENT;

AND FILMCO OPERATING AGREEMENT

     This first amendment dated January 30, 2008 (the “First Amendment”) is entered into by
and among LG Film Finance I, LLC (“FilmCo”), Lions Gate Films, Inc. (“LGF”), and
Pride Pictures, LLC (“FundCo”) and amends (i) that certain Master Covered Picture Purchase
Agreement dated May 25, 2007 (the “Master Covered Picture Purchase Agreement”); and (2) the
Master Glossary of Definitions and Rules of Construction (the “Glossary”) attached to the
Master Covered Purchase Agreement as Schedule A and is made with reference to the following facts:

     Whereas, FilmCo and LGF entered into the Master Covered Picture Purchase Agreement;

     Whereas, FilmCo and FundCo entered into that certain Limited Liability Company Operating
Agreement for LG Film Finance I, LLC effective as of May 25, 2007 (the “FilmCo Operating
Agreement”); and

     Whereas, LGF, FilmCo and FundCo have discussed amending the Master Covered Picture Purchase
Agreement and the Glossary;

     Now, therefore, for good and valuable consideration, the parties hereto hereby agree as
follows:

     1. Amendment to the Glossary / Definition of Excluded Picture.

          a. A new Subpart (iv) of the definition of “Excluded Picture” set forth in the
Glossary shall be added which shall read as follows:

          “(iv) subject to the terms of the First Amendment, all Reduced Back-End
Pictures.”

     2. Amendment to Glossary / *****. Subpart (ii) of the definition of
“Excluded Picture” set forth in the Glossary is amended by adding the following at the end of such
subpart:

“, other than the Motion Picture presently entitled “*****” which shall be a
Covered Picture and a Sequel (but excluding any and all Sequels thereto),
which FilmCo agrees to purchase pursuant to the Master Covered Picture
Purchase Agreement provided it satisfies the Covered Picture Criteria,”

 

 

     3. Amendments to Glossary / New Terms. The Glossary is amended by adding
the following new defined terms in appropriate alphabetical order therein:

“Reduced Back-End Picture” means a Picture that when applying the
Calculation (and after giving effect to any accommodations granted by LG to
its portion of Adjusted Receipts which accommodations shall apply to the
Allocable Share of each of LGE and FundCo with respect to such Picture under
the Transaction Documents) would result in the amount payable to FundCo by
FilmCo being less than a dollar amount equal to ***** of one hundred percent
(100%) of the Assumed Gross Receipts for such Picture and in all other
respects is a Covered Picture.

“Assumed Gross Receipts” means ***** of domestic Gross Receipts with
***** of such amount coming from Home Video.

“Calculation” means with respect to each Covered Picture the
following: (i) Assumed Gross Receipts (irrespective of subsequent actual
Gross Receipts), less (ii) (a) Third Party Participations, other than (1)
Third Party Participations set forth in clause (i) of the definition of
Co-Financing Transaction, (2) residuals, and (3) net profit participations
and adjusted gross receipt participations with definitions less favorable
than that of FilmCo, only if the sum of such net profit participations and
adjusted receipt gross participations do not exceed ***** of one hundred
percent (100%) of Assumed Gross Receipts, and (b) the Distribution Fee.

Example. For illustrative purposes only, the
following is an example of the Calculation and shall not
modify the Transaction Documents including this First
Amendment:

Assumptions:

	 	(1)	 	***** in Assumed Gross Receipts
	 
	 	(2)	 	Talent participation: ***** of Gross
Receipts at cash break-even, with home video royalties at
*****.
	 
	 	(3)	 	Co-financiers: ***** to LGF and *****
to Co-Financier with costs off the top

Calculation:

	 	 	 	 	 
	 

	 	Distribution Fee
	 	= *****
	 
	 	 	 	 
	 

	 	Talent Participation
	 	= ***** [***** of (Non-Home Video revenues
	 

	 	 	 	***** Home Video revenues)]

	 
	 	 	 	 
	 

	 	Co-Financier Participation
	 	= ***** [***** of (***** less ***** talent
	 

	 	 	 	participation)]

	 
	 	 	 	 
	 

	 	Percent payable to FilmCo
	 	= *****
	 
	 	 	 	 
	 

	 	Adjusted Receipts payable to FundCo
	 	= *****

     4. Covered Pictures. Subject to the terms of Section 6 of this
First Amendment, the Pictures set forth in and based on the information set forth on Schedule
A attached hereto shall not for the purposes of the Transaction Documents be Reduced Back-End
Pictures (notwithstanding that the Calculation may result in such Picture being a Reduced Back-End
Picture) and shall be Covered Pictures provided each of the Covered Picture Criteria are satisfied
without regard to such Motion Picture being a

2

 

Reduced Back-End Picture (the “Scheduled Pictures”). The Parties hereto agree that
the order of release of the Scheduled Pictures may change and such change will not result in a
Scheduled Picture becoming and Excluded Picture unless a Scheduled Picture is not one of the first
twenty-three (23) Covered Pictures.

     5. Change in Primary Economic Terms / New Pictures.

          a. Change in Primary Economic Term. If prior to the Initial Investment Date
with respect to a Scheduled Picture, and provided such Scheduled Picture satisfies the Covered
Picture Criteria (other than such Scheduled Picture being a Reduced Back-End Picture), there is a
change in the economic terms with respect to such Scheduled Picture which would reduce the amount
of Adjusted Receipts payable to FundCo using the Calculation and as a result such Picture becomes a
Reduced Back-End Picture or was a Reduced Back-End Picture, then FilmCo shall have the right to
elect to have such Scheduled Picture be an Excluded Picture as a result of such change, provided
that any change that would not be reasonably anticipated to result in a reduction of the Adjusted
Receipts using the Calculation would not require any notice from LG. The election by FilmCo shall
be made by FundCo on behalf of FilmCo. The election by FilmCo shall be in writing (as either an
affirmative “Yes, the Scheduled Picture shall remain a Covered Picture” or “No, the picture should
be an Excluded Picture”) and shall be made no later than ten (10) Business Days following receipt
by FilmCo of written notice (the “Scheduled Picture Change Notice”) from LGF that there has
been a change in the economic terms with respect to such Scheduled Picture that would reduce the
amount of Adjusted Receipts payable to FundCo using the Calculation. If FilmCo elects to keep such
Scheduled Picture as a Covered Picture or fails to respond in writing with an election within the
ten (10) Business Day period, then such Scheduled Picture shall remain a Covered Picture for all
purposes of the Transaction Documents. If FilmCo elects not to have such Scheduled Picture remain
a Covered Picture then the Excluded Picture shall be an Excluded Picture for all purposes of the
Transaction Documents.

          b. New Pictures. With respect to Reduced Back-End Pictures that are not
Scheduled Pictures and that otherwise satisfy each of the Covered Picture Criteria, FilmCo shall
have the right to elect to have such Reduced Back-End Picture be a Covered Picture. The election
by FilmCo shall be made by FundCo on behalf of FilmCo. The election by FilmCo shall be in writing
(as either an affirmative “Yes, include as a Covered Picture” or “No, the picture should be an
Excluded Picture”) and shall be made no later than ten (10) Business Days following receipt by
FilmCo of written notice (the “Excluded Picture Notice”) from LGF that a picture may be a
Reduced Back-End Picture which notice shall also include a Calculation for such Picture and
information substantially in the form of Schedule A. If FilmCo elects to have such Reduced
Back-End Picture be a Covered Picture or fails to respond in writing with an election within the
ten (10) Business Day period, then such picture shall be a Covered Picture for all purposes of the
Transaction Documents. If FilmCo elects not to have such Reduced Back-End Picture be a Covered
Picture then the Reduced Back-End Picture shall be an Excluded Picture for all purposes of the
Transaction Documents. LG shall provide FilmCo with the Excluded Picture Notice any time earlier
than sixty (60) days prior to the Initial Theatrical Release Date of such picture unless (x) the
Initial Theatrical Release Date is earlier than sixty (60) days from the date LGF acquires an
Acquired Picture that is a Reduced Back-End Picture, or (y) is within sixty (60) days from the date
hereof, in which event LGF shall deliver the Excluded Picture Notice as soon as practicable. If
after the date on which the Notice Materials are sent but before the Initial Investment Date (i)
there is a change in the economic terms with respect to a Reduced Back-End Picture that is not a
Scheduled Picture and such change based on the Calculation and the related information would reduce
the amount of Adjusted Receipts payable to FundCo using the Calculation, or (i) with respect to a
Reduced Back-End Picture that is not a Scheduled Picture there is an increase in the Purchase Price
set forth on the Notice Materials by more than ***** of the amount of the Purchase Price set forth
in the Notice Materials, then the procedure set forth in the Section 5.b shall be repeated.

3

 

          c. Determination. FundCo and FilmCo agree that (i) the determination of
whether a Picture is a Reduced Back-End Picture is being made by LG using the Calculation which
does not represent any anticipated or actual film performance or the actual amount of Adjusted
Receipts for any Picture and is being used solely for the purpose of determining whether a Picture
is a Reduced Back-End Picture, and (ii) neither LG nor any Affiliate thereof shall have any
liability to FundCo or FilmCo if the actual amounts paid to FilmCo are less than the amount
reflected when running the Calculation.

     6. Agreement with respect to *****: Within ten (10) Business Days from the
date of execution of this First Amendment LG shall deliver a written notice to FilmCo in which LG
will either elect to include the motion picture project currently entitled “*****” (the
“Optional Picture”) as a Covered Picture or exclude ***** as an Excluded Picture.

          a. If ***** is excluded, its shall be an Excluded Picture for all purposes of the
Transaction Documents notwithstanding that it may satisfy the Covered Picture Criteria at such time
or at a later date.

          b. Subject to Section 6.c and d hereof, if ***** is included as a Covered
Picture it shall be a Covered Picture for all purposes of the Transaction Documents notwithstanding
that such Picture may not satisfy the Covered Picture Criteria at such time or at a later date.

          c. If LG elects to include ***** as a Covered Picture, then, FilmCo shall send Call
Notices from time to time to FundCo in accordance with the terms of the FilmCo Operating Agreement;
provided that with respect to ***** FundCo shall only be required to make a Capital Contribution in
connection with each Call Notice for ***** to pay for the Distribution Costs and Expenses as
reflected on such Call Notice (the “***** Capital Contributions”). FundCo’s Allocable Share of
***** shall be calculated in accordance with the terms of the FilmCo Operating Agreement.

          d. If LG elects to include ***** as a Covered Picture, and if on the one (1) year
anniversary of the first ***** Capital Contribution, the cumulative amount of FundCo’s Allocable Share
of Adjusted Receipts with respect to ***** (calculated without giving effect to amounts paid
pursuant to Section 6.9.2.1 and 6.9.2.2 of the FilmCo Operating Agreement) is less than the
aggregate of all ***** Capital Contributions calculated with interest thereon from the date of each *****
Capital Contribution with an interest rate of LIBOR ***** (such
difference being the “***** Shortfall”), then LG agrees to pay to the FundCo Manager on the one (1) year anniversary date
an amount equal to the ***** Shortfall.

          e. If LG elects to include ***** as a Covered Picture then LG may deliver the Notice
Materials with respect to ***** at any time and payment of the Purchase Price with respect to *****
shall be made by FilmCo, if requested by LG as part of such Notice Materials no later than March 28, 2008
provided such Notice Materials are delivered no later than March 14, 2008.

          f. If LG elects to include ***** as a Covered Picture, the Master Distribution
Agreement shall be amended solely with respect to the Gross Receipts from the Exploitation of *****
by inserting: (I) a new Subsection 6.3.2(iii) which shall read as follows:

	 	 	 	“(iii) Third, to LG ***** of all remaining amounts until
such time as LG has indefeasibly received an amount equal to
***** times the Purchase Price for ***** provided LG has made
the payment set forth in Section 6.d of the First
Amendment.”

4

 

and, (II) the sequential Subsection 6.3.2(iii), (iv) and (v) shall now be
increased by one (i.e., 6.3.2(iii) shall now be 6.3.2(iv), etc.); and (III), a new
Subsection 6.3.2(vi) shall be added which shall read as follows:

	 	 	 	“(vi) Fourth, to LG ***** of all
remaining amounts until such time as LG has indefeasibly
received an amount equal to ***** times the Purchase Price for
***** provided LG has made the payment set forth in
Section 6.d of the First Amendment.”

     7. Amendment to the Master Distribution Agreement / *****: Section 6.3.2(i)
and 6.3.2.(ii) of the Master Distribution Agreement shall not apply to the allocation of Gross
Receipts with respect to the Motion Picture entitled “*****” (“*****”). Gross Receipts
solely with respect to ***** shall be allocated as follows:

          a. Domestic Territory.

               i) First, out of Gross Receipts generated from the United States, Canada and
their respective territories and possessions (the “Domestic Territory”), amounts due to
Distributor as reimbursement of or payment for Distribution Costs and Expenses paid or incurred in
connection with the Exploitation of ***** in such Accounting Period or a prior Accounting Period or
payable by Distributor within thirty (30) days from the end of the most recent Accounting Period to
the extent not previously recouped by Distributor or paid directly by FilmCo, all as set forth in
the applicable Settlement Report; and

               ii) Second, amounts due to Distributor for payment of its Distribution Fee
with respect to Gross Receipts received from the Domestic Territory with respect to ***** in the
applicable Accounting Period as set forth in the applicable Settlement Report.

               iii) The balance shall be distributed to FilmCo as Adjusted Receipts. In addition,
if on the one-year anniversary of the first Ultimate Statement for *****, FundCo’s Allocable Share
of Adjusted Receipts from ***** previously distributed to FundCo or on deposit in the FilmCo
Separate Account (with such Allocable Share calculated in each case for purposes of this subpart
(iii) only without regard to amounts paid pursuant to Section 6.9.2.1 and 6.9.2.2 of the FilmCo
Operating Agreement) do not at least equal the aggregate of all Capital Contributions made by
FundCo to FilmCo for the purpose of paying Distribution Costs and Expenses in the Domestic
Territory for ***** together with interest calculated at the prime rate plus ***** basis points
accruing from the date of each Capital Contribution to the date of repayment (the “Unrecouped
Distribution Costs and Expenses”), then LG agrees to pay to the FundCo Manager an amount equal
to the Unrecouped Distribution Costs and Expenses for the Domestic Territory.

          b. International Territory.

               i) First, out of Gross Receipts generated from each Territory other than the
Domestic Territory (the “International Territory”), amounts due to Distributor for payment
of its Distribution Fee with respect to Gross Receipts received from the International Territory
from ***** in the applicable Accounting Period as set forth in the applicable Settlement Report;
and

               ii) Second, amounts due to Distributor as reimbursement of or payment for
Distribution Costs and Expenses paid or incurred in connection with the Exploitation of ***** in
the International Territory in such Accounting Period or a prior Accounting Period or payable by
Distributor

5

 

within thirty (30) days from the end of the most recent Accounting Period to the extent not
previously recouped by Distributor or paid directly by FilmCo, all as set forth in the applicable
Settlement Report; and

               iii) The balance shall be distributed to FilmCo as Adjusted Receipts.

     8. Legal Fees. FilmCo agrees to pay to FundCo and LGF their respective
legal fees incurred in connection with preparation of this First Amendment; provided however the
legal fees payable to FundCo in connection with this First Amendment shall not exceed ***** and
the legal fees payable to LGF in connection with this First Amendment shall not exceed *****.
FilmCo shall issue a capital call notice to its members with respect to their respective portion
(i.e., 50/50) of the legal fees.

     9. Miscellaneous.

               i) The execution, delivery and performance of this First Amendment by each of the
parties hereto has been duly authorized by such party. Each party hereto has obtained all
necessary consents required in connection with entering into this First Amendment including the
FundCo Manager obtaining any necessary consents from the FundCo lenders. This First Amendment when
executed and delivered by each of the parties hereto in accordance with the terms hereof, shall
constitute a valid and binding obligation of the parties hereto, enforceable against each party in
accordance with its terms, in each case subject to the effect of any applicable bankruptcy,
reorganization, insolvency, moratorium or similar laws relating to or affecting creditors’ rights
generally and subject, as to enforceability, to the effect of general principles of equity
(regardless of whether such enforceability is considered in a proceeding in equity or at law).

               ii) Except as expressly set forth in this First Amendment, the terms and conditions
of the Transaction Documents are not modified and each such Transaction Document shall remain in
full force and effect. Capitalized terms not otherwise defined herein shall have the meaning set
forth in the Glossary.

[Signature Page to Follow]

6

 

The parties hereto each agree to this First Amendment as of the date first written above.

Lions Gate Films, Inc.

	 	 	 	 	 	 
	By:

	 	/s/ WAYNE LEVIN
	 

	 

	 	 

Pride Pictures, LLC

By: Global Securitization Services,
LLC, its Manager

	 	 	 	 	 
	 

	 	By:	 	/s/
	 

	 	 	 

LG Film Finance I, LLC

By: Lions Gate Entertainment, Inc., its Manager

	 	 	 	 	 
	 

	 	By:	 	/s/ WAYNE LEVIN
	 

	 	 	 	 
	 

	 	 	 	Wayne Levin

Title: General Counsel

and

By: Pride Pictures, LLC

By: Global Securitization Services, LLC, its
Manager

	 	 	 	 	 
	 

	 	By:	 	/s/
	 

	 	 	 	 

7

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