Document:

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                                                                 EXHIBIT 10.5(b)

                              TAX SHARING AGREEMENT

                  THIS AGREEMENT is made and entered into as of July 28, 1993,
by and among Cinemark USA, Inc. ("Parent") and Cinemark Mexico (USA), Inc.
("Subsidiary"). Subsidiary and all members of the group of corporations which
would be an affiliated group under Section 1504(a) of the Internal Revenue Code
of 1986 (the "Code"), if Subsidiary were not itself a member of an affiliated
group shall be referred to as the Subsidiary Group herein, and the aggregate
income or loss and tax of such corporations shall be computed as though they
were a separate affiliated group filing a separate consolidated tax return since
the effective date of this Agreement, and thus will take into account, for
example, net operating loss carryforwards that would have been available to such
a separate affiliated group. Such consolidated tax liability shall be regarded
as having been computed on a Separate Return Basis (as defined herein) for
purposes of this Agreement. If a Subsidiary Group does not exist, references to
the Subsidiary Group shall be references solely to Subsidiary.

                                   WITNESSETH:

         WHEREAS, Parent is a common parent corporation of an affiliated group
of corporations (the "Affiliated Group") within the meaning of Code section
1504(a);

         WHEREAS, the Affiliated Group has historically filed a consolidated
federal income tax return and intends to continue filing consolidated federal
income tax returns ("Consolidated Returns");

         WHEREAS, Parent and Subsidiary will derive mutual benefits from filing
Consolidated Returns;

         WHEREAS, Parent and Subsidiary desire to share on an equitable basis
the benefits and burdens that may arise from the filing of Consolidated Returns;

         NOW, THEREFORE, the parties hereto agree as follows:

1.       Consolidated and Combined Returns.

         (a) Subsidiary hereby agrees to join and cause the other members of the
Subsidiary Group to join in the Consolidated Returns to be filed by the
Affiliated Group, for all taxable periods for which Subsidiary is requested from
time to time by Parent to join, and to take no action inconsistent therewith.

         (b) Subsidiary hereby agrees to join and to cause the other members of
the Subsidiary Group to join in any state, city or local combined or similar
income or franchise tax return (the "Combined Returns") to be filed by any group
of corporations of which Parent is or shall become a member (the "Combined
Group") for all taxable periods for which it is so requested from time to time
by Parent, and to take no action inconsistent therewith.

         (c) Subsidiary will not elect to file and will cause the other members
of the Subsidiary Group to not elect to file a separate federal income tax
return for any period described

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in Section 1(a) above or to file a separate state, city or local income tax or
franchise tax return for any taxable period described in section 1(b) above.

2.       Parent As Agent.

         Subsidiary irrevocably designates and shall cause the other members of
the Subsidiary Group to irrevocably designate (i) Parent as its agent for the
purpose of taking any and all action necessary or incidental to the filing of
Consolidated Returns (including, but not limited to, the conduct of any audit or
other proceeding by any taxing authority) and (ii) Parent as its agent for the
purpose of taking any and all action necessary or incidental to the filing of
Combined Returns (including, but not limited to, the conduct of any audit by any
taxing authority). Subsidiary further agrees and shall cause the other members
of the Subsidiary Group (i) to furnish Parent or other corporations selected by
Parent with any and all information requested by Parent in order to carry out
the provisions of this Agreement, (ii) to cooperate with Parent in filing any
return or consent pursuant to or contemplated by this Agreement, (iii) to take
such action as Parent may request including, but not limited to, the filing of
requests for the extension of time within which to file tax returns, and (iv) to
cooperate in connection with any refund claim, audit, judicial, or other
proceeding.

3.       Federal Income Tax Payments Between Parent and Subsidiary.

         (a) No later than 15 days after the due dates for payments of federal
income tax installments prescribed by Code Section 6154(a), Subsidiary shall pay
to Parent an amount equal to the required installment of the estimated federal
income tax liability of the Subsidiary Group for the taxable year, said
liability to be computed as though Subsidiary were reporting its income as a
separate corporation, since the effective date of this Agreement, making
elections which are consistent with those made by the Affiliated Group, but
without regard to any benefit which would be derived from the use of the
graduated corporate rate structure, if any (a "Separate Return Basis"). The
federal income tax liability of the Subsidiary Group on a Separate Return Basis
(the "Separate Return Tax Liability") shall be recomputed as of the close of the
taxable year and the amount by which the recomputed Separate Return Tax
Liability of the Subsidiary Group exceeds, or is less than, the sum of the
estimated payments made by Subsidiary to Parent for the taxable year, shall be
paid to Parent or remitted to Subsidiary, as the case may be, within 15 days
after the filing of the federal income tax return. In calculating the Separate
Return Tax Liability of the Subsidiary Group, any deduction, credit, or
allowance that has resulted in a credit or payment from Parent to Subsidiary
pursuant to paragraph 3(b) shall be treated as unavailable.

         (b) If the Subsidiary Group has any deduction, credit, or allowance
arising out of a taxable period in which the Subsidiary Group files as a member
of the Affiliated Group, which on a Separate Return Basis would be allowed as a
carryback to a prior year to offset the Separate Return Tax Liability of the
Subsidiary Group, and said prior year was a year in which the Subsidiary Group
filed as a member of the Affiliated Group, Parent shall pay or credit to
Subsidiary an amount equal to the tax refund the Subsidiary Group would be
entitled to receive if it had filed on a Separate Return Basis. Such payments
shall be made within 15 days after the date of filing of the Affiliated Group's
Consolidated Return for the year in which the Subsidiary Group's deduction,
credit, or allowance arose. If (i) the Subsidiary Group has any deduction,
credit, or allowance arising out of a taxable period in which the Subsidiary
Group files as a

                                       -2-
<PAGE>

member of the Affiliated Group, which on a Separate Return Basis would be
allowed as a carryforward to a subsequent year to reduce any Separate Return Tax
Liability of the Subsidiary Group and (ii) such deduction, credit, or allowance
is absorbed in the tax return of the Affiliated Group, then Parent shall pay or
credit to Subsidiary an amount equal to the reduction in the tax liability of
the Affiliated Group as a result of the absorption of such deduction, credit, or
allowance. Such payments shall be made within 15 days after the date of filing
of the Affiliated Group's Consolidated Return for the year in which the
Affiliated Group absorbs the deduction, credit, or allowance.

         (c) If there are any adjustments to or redeterminations of the net
taxable income of the Subsidiary Group when it was included in the Affiliated
Group's Consolidated Returns or any adjustments to or redetermination of any
deduction, credit, or allowance of Subsidiary which was or could be used by the
Affiliated Group, an appropriate increase or decrease in the amount of payments,
made pursuant to Section 3(a) through Section 3(c) hereof, shall be made by
Parent or Subsidiary within 120 days of the date of any final administrative or
judicial determination of such adjustments or redeterminations.

         (d) If the Subsidiary Group has any deduction, credit, or allowance
arising out of a taxable period in which the Subsidiary Group is not a member of
the Affiliated Group and such deduction, credit, or allowance is allowed as a
carryback to a year in which the Subsidiary Group joined in the filing of a
Consolidated Return with the Affiliated Group, then Parent shall pay or credit
to Subsidiary an amount equal to the tax refund the Subsidiary Group would have
been entitled to receive on a Separate Return Basis if it itself had utilized
such deduction, credit, or allowance. Such payment shall not exceed the amount
of the tax benefit received by the Affiliated Group from the utilization of such
deduction, credit, or allowance. If such deduction, credit, or allowance is
subsequently disallowed by the Internal Revenue Service, Subsidiary shall refund
any payment made by Parent pursuant to this paragraph within 15 days of the
receipt by Parent of a notice from the Internal Revenue Service of such
disallowance.

4.       Consents.

         (a) Parent and Subsidiary hereby consent to the filing of a
Consolidated Return for each year Subsidiary remains a member of the Affiliated
Group, until such time as Parent may elect to discontinue the filing of a
Consolidated Return. Subsidiary shall cause the other members of the Subsidiary
Group to consent to the filing of such Consolidated Returns.

         (b) Subsidiary hereby consents and shall cause the other members of the
Subsidiary Group to consent to all elections made by Parent on behalf of the
Affiliated Group.

5.       State Income Tax Payments Between Parent and Subsidiary.

         (a) In the event members of the Subsidiary Group are included in a
combined, joint, consolidated, or unitary state income or franchise tax return
with any member of the Affiliated Group, Subsidiary shall make payments to
Parent and Parent shall make payments to Subsidiary on a state-by-state Separate
Return Basis in a manner consistent with that provided by Section 3 hereof.

                                      -3-
<PAGE>

         (b) Payments made by Subsidiary pursuant to Section 5(a) will be deemed
deductible pursuant to Code Section 164 for purposes of computing the Separate
Return Tax Liability of a subsidiary pursuant to Section 3(a) hereof.

6.       Interest Payments.

         Interest will be charged or paid by Parent pursuant to this Agreement
only with respect to payments required to be made as a result of any adjustment
or redetermination of the net taxable income of the Subsidiary Group by any
taxing authority. Such interest will be determined in the same manner as would
be determined for federal or state tax purposes.

7.       Miscellaneous.

         (a) All notices under this Agreement shall be in writing and shall be
deemed to have been sufficiently given or served and effective for all purposes
when presented personally, or five days after being deposited in a United States
postal receptacle for registered or certified mail addressed, return receipt
requested, postage prepaid, or two business days after delivering to a small
package air courier offering service to the address of the intended recipient
with shipping prepaid, to any person at the address set forth below, or at such
other address as said person shall subsequently designate in writing delivered
in the form of a notice to:

                  If to Parent:

                           Cinemark USA, Inc.
                           7502 Greenville Avenue, Suite 800
                           Dallas, Texas 75231-3830

                  If to Subsidiary:

                           Cinemark Mexico (USA), Inc.
                           7502 Greenville Avenue, Suite 800
                           Dallas, Texas 75231-3830

         (b) Neither this Agreement nor any provision hereof may be changed,
waived, discharged, or terminated orally but only by an instrument in writing
signed by the party against whom enforcement of the change, waiver, discharge,
or termination is sought.

         (c) This Agreement shall constitute the entire agreement between the
parties concerning the subject matter hereof and shall supersede any prior
agreements and understandings between or among the parties with respect to the
subject matter hereof.

         (d) The validity, interpretation, and enforceability of this Agreement
shall be governed in all respects by the laws of the State of Texas.

         (e) Failure of any party at any time to require the other party's
performance of any obligation under this Agreement shall not affect the right to
require performance of that obligation. Any waiver by any party of any breach of
any provision of this Agreement shall not

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be construed as a waiver of any continuing or succeeding breach of such
provision, a waiver or modification of the provision itself, or a waiver of any
right under this Agreement.

         (f) Section and other headings contained in this Agreement are for
reference purposes only and are in no way intended to describe, interpret,
define, or limit the scope, extent, or intent of this Agreement or any provision
hereof.

         (g) Every provision of this Agreement is intended to be severable. If
any term or provision hereof is illegal or invalid for any reason whatsoever,
such illegality or invalidity shall not affect the validity of the remainder of
this Agreement.

         (h) This Agreement may be executed in multiple counterparts, each of
which shall be deemed an original and all of which shall constitute one
agreement, and the signatures of any party to any counterpart shall be deemed to
be a signature to, and may be appended to, any other counterpart.

         IN WITNESS WHEREOF, the parties have executed this Agreement through
their duly authorized representatives as of the day and year first written
above.

                                               CINEMARK USA, INC.

                                               By: /s/ Jeff Stedman
                                                   -----------------------------

                                               Name: Jeff Stedman
                                                     ---------------------------
                                               Title: Vice President
                                                      --------------------------

                                               CINEMARK MEXICO (USA), INC.

                                               By: /s/ Jeff Stedman
                                                   -----------------------------

                                               Name: Jeff Stedman
                                                     ---------------------------
                                               Title: Vice President
                                                      --------------------------

                                      -5-<PAGE>
                                                                    EXHIBIT 10.6

                        FORM OF INDEMNIFICATION AGREEMENT
                           BETWEEN CINEMARK, INC. AND
                          A DIRECTOR OF CINEMARK, INC.

         THIS INDEMNIFICATION AGREEMENT (this "Agreement") dated as of May ___,
2002 is by and between Cinemark, Inc., a Delaware corporation (the "Company"),
and _____________________ ("Director").

                                    RECITALS

         The Company's Certificate of Incorporation (the "Certificate of
Incorporation") provides for the indemnification of the directors, officers,
employees and agents of the Company to the extent set forth in Article IX of the
Certificate of Incorporation.

         The Company's Bylaws (the "Bylaws") provide for the indemnification of
the directors, officers, employees and agents of the Company to the extent set
forth in Article VIII of the Bylaws.

         The Delaware General Corporation Law (the "Corporation Law") provides
that indemnification and advancement of expenses provided in such statute shall
not be exclusive of any other rights under any agreement, and thereby
contemplates that agreements may be entered into between the Company and members
of the board of directors of the Company with respect to the indemnification of
such directors.

         WHEREAS, the Company has purchased and presently maintains a policy or
policies of directors' and officers' liabilities insurance ("D&O INSURANCE")
covering certain liabilities that may be incurred by the Company's directors and
officers in the performance of their services to the Company.

         WHEREAS, the general availability of D&O Insurance covering certain
liabilities that may be incurred by the Company's directors and officers in the
performance of their services to the Company and the applicability, amendment
and enforcement of statutory provisions and provisions of the Certificate of
Incorporation and Bylaws have raised questions concerning the adequacy and
reliability of the protection afforded directors and officers.

         WHEREAS, it is reasonable, prudent and necessary for the Company to
obligate itself contractually to indemnify Director so that Director will serve
or continue to serve the Company free from undue concern that Director will not
be adequately protected.

         WHEREAS, Director is willing to serve, continue to serve and to take on
additional service for or on behalf of the Company on condition that Director be
so indemnified.

         NOW, THEREFORE, in consideration of Director's agreement to serve as a
member of the board of directors of the Company after the date hereof, the
parties hereto agree as follows:

         1. Definitions. As used in this Agreement, the following terms shall
have the following meanings:

<PAGE>

            a. Change in Control. A "Change in Control" shall be deemed to have
         occurred if (i) any "person" or "group" (within the meaning of Sections
         13(d) and 14(d) of the Securities Exchange Act of 1934, as amended (the
         "Act"), other than a trustee or other fiduciary holding securities
         under an employee benefit plan of the Company, is or becomes the
         "beneficial owner" (as such term is defined in Rule 13d-3 under the
         Act), directly or indirectly, of securities of the Company representing
         25% or more of the combined voting power of the outstanding securities
         of the Company, or (ii) during any period of two consecutive years,
         individuals who at the beginning of such period constitute the board of
         directors of the Company and any new director whose election by the
         board of directors or nomination for election by the Company's
         stockholders was approved by a vote of at least two-thirds (2/3) of the
         directors then still in office who either were directors at the
         beginning of the period or whose election or nomination for election
         was previously so approved, cease for any reason to constitute a
         majority thereof, or (iii) the stockholders of the Company approve (x)
         a merger or consolidation of the Company with any other entity (other
         than a merger or consolidation which would result in the voting
         securities of the Company outstanding immediately prior thereto
         continuing to represent (either by remaining outstanding or by being
         converted into voting securities of the surviving entity) at least 80%
         of the combined voting power of the voting securities of the Company or
         such surviving entity outstanding immediately after such merger or
         consolidation), (y) a plan of complete liquidation of the Company or
         (z) an agreement or agreements for the sale or disposition, in a single
         transaction or series of related transactions, by the Company of all or
         substantially all of the property and assets of the Company.
         Notwithstanding the foregoing, events otherwise constituting a Change
         in Control in accordance with the foregoing shall not constitute a
         Change in Control if such events are solicited by the Company and are
         approved, recommended or supported by the board of directors of the
         Company in actions taken prior to, and with respect to, such events.

            b. Reviewing Party. A "Reviewing Party" means (i) the directors who
         are not parties to such action, suit or proceeding, even though less
         than a quorum; (ii) a committee of such directors designated by
         majority vote of such directors, even though less than a quorum; (iii)
         if there are no such disinterested directors or if such directors so
         direct, by independent legal counsel in a written opinion; or (iv) the
         stockholders.

         2. Indemnification of Director. The Company hereby agrees that it shall
hold harmless and indemnify Director to the fullest extent authorized and
permitted by the provisions of the Certificate of Incorporation and Bylaws and
the provisions of the Corporation Law, or by any amendment thereof, but in the
case of any such amendment, only to the extent that such amendment permits the
Company to provide broader indemnification rights than the Certificate of
Incorporation, Bylaws or Corporation Law permitted the Company to provide prior
to such amendment, or other statutory provisions authorizing or permitting such
indemnification which are adopted after the date hereof.

         3. Limitations on Indemnification. No indemnification pursuant to this
Agreement shall be paid by the Company unless required conditions set forth in
Section 145 of the Corporation Law (or any similar provisions of any successor
statute) are present, as determined by the Reviewing Party or a court having
jurisdiction in the matter.

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<PAGE>

         4. Advancement of Expenses. In the event of any threatened or pending
action, suit or proceeding in which Director is a party or is involved and which
may give rise to a right of indemnification under this Agreement, following
written request to the Company by Director, the Company shall promptly pay to
Director amounts to cover expenses incurred by Director in such proceeding in
advance of its final disposition upon the receipt by the Company of certain
written undertakings as required by Section 145(e) of the Corporation Law (or
any similar provisions of any successor statute). The advancement of expenses by
the Company shall include the payment of an advance retainer if required by
counsel to Director in connection with the investigation or defense of any
matter for which indemnification is provided hereunder. The Company further
agrees that statements for fees and expenses of counsel or other costs incurred
by a Director for which indemnification is provided hereunder may be rendered
directly to the Company for payment.

         5. Determination of Indemnification; Burden of Proof. With respect to
all matters concerning the rights of Director to indemnification and payment of
expenses under this Agreement or under the provisions of the Certificate of
Incorporation and Bylaws now or hereafter in effect, the Company shall appoint a
Reviewing Party and any determination by the Reviewing Party shall be conclusive
and binding on the Company and Director. If under applicable law, the
entitlement of Director to be indemnified under this Agreement depends on
whether a standard of conduct has been met, the burden of proof of establishing
that Director did not act in accordance with such standard of conduct shall rest
with the Company. Director shall be presumed to have acted in accordance with
such standard and entitled to indemnification or advancement of expenses
hereunder, as the case may be, unless, based upon a preponderance of the
evidence, it shall be determined by the Reviewing Party that Director did not
meet such standard. For purposes of this Agreement, unless otherwise expressly
stated herein, the termination of any action, suit or proceeding by judgment,
order, settlement, whether with or without court approval, or conviction, or
upon a plea of nolo contendere or its equivalent shall not create a presumption
that Director did not meet any particular standard of conduct or have any
particular belief or that a court has determined that indemnification is not
permitted by applicable law.

         6. Effect of Change in Control. If there has not been a Change in
Control after the date of this Agreement, the determination of (i) the rights of
Director to indemnification and payment of expenses under this Agreement or
under the provisions of the Certificate of Incorporation and the Bylaws, (ii)
standard of conduct and (iii) evaluation of the reasonableness of amounts
claimed by Director shall be made by the Reviewing Party or such other body or
persons as may be permitted by the Corporation Law. If there has been a Change
in Control after the date of this Agreement, such determination and evaluation
shall be made by a special, independent counsel who is selected by Director and
approved by the Company, which approval shall not be unreasonably withheld, and
who has not otherwise performed services for Director or the Company within the
previous three years (other than with respect to matters concerning the rights
of Director under this Agreement, or of other directors under similar indemnity
agreements).

         7. Continuation of Indemnification. All agreements and obligations of
the Company contained herein shall continue during the period that Director is a
director, officer,

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<PAGE>

employee or agent of the Company, or is or was serving at the request of the
Company as a director, officer, employee or agent of another corporation,
partnership, joint venture, trust or other enterprise, and shall continue
thereafter so long as Director shall be subject to any possible claim or
threatened, pending or completed action, suit or proceeding, whether civil,
criminal, administrative or investigative, by reason of the fact that Director
was a director of the Company or serving in any other capacity referred to
herein.

         8. Notification and Defense of Claim. Promptly after receipt by
Director of notice of the commencement of any action, suit or proceeding,
Director shall, if a claim in respect hereof is to be made against the Company
under this Agreement, notify the Company of the commencement thereof; provided,
however, that delay in so notifying the Company shall not constitute a waiver or
release by Director of rights hereunder and that omission by Director to so
notify the Company shall not relieve the Company from any liability which it may
have to Director otherwise than under this Agreement. With respect to any such
action, suit or proceeding as to which Director notifies the Company of the
commencement thereof:

            a. The Company shall be entitled to participate therein at its own
         expense;

            b. Except as otherwise provided below, to the extent that it may
         wish, the Company, jointly with any other indemnifying party similarly
         notified, shall be entitled to assume the defense thereof and to employ
         counsel reasonably satisfactory to Director. After notice from the
         Company to Director of its election to so assume the defense thereof,
         the Company shall not be liable to Director under this Agreement for
         any legal or other expenses subsequently incurred by Director in
         connection with the defense thereof other than reasonable costs of
         investigation, expenses payable pursuant to Section 4 of this Agreement
         or as otherwise provided below. Director shall have the right to employ
         counsel of his or her own choosing in such action, suit or proceeding
         but the fees and expenses of such counsel incurred after notice from
         the Company of assumption by the Company of the defense thereof shall
         be at the expense of Director unless (i) the employment of counsel by
         Director has been specifically authorized by the Company, such
         authorization to be conclusively established by action by disinterested
         members of the board of directors though less than a quorum; (ii)
         representation by the same counsel of both Director and the Company
         would, in the reasonable judgment of Director and the Company, be
         inappropriate due to an actual or potential conflict of interest
         between the Company and Director in the conduct of the defense of such
         action, such conflict of interest to be conclusively established by an
         opinion of counsel to the Company to such effect; (iii) the counsel
         employed by the Company and reasonably satisfactory to Director has
         advised Director in writing that such counsel's representation of
         Director would likely involve such counsel in representing differing
         interests which could adversely affect the judgment or loyalty of such
         counsel to Director, whether it be a conflicting, inconsistent, diverse
         or other interest; or (iv) the Company shall not in fact have employed
         counsel to assume the defense of such action, in each of which cases
         the fees and expenses of counsel shall be paid by the Company. The
         Company shall not be entitled to assume the defense of any action, suit
         or proceeding brought by or on behalf of the Company or as to which a
         conflict of interest has been established as provided in (ii) hereof.
         Notwithstanding the foregoing, if an insurance company has supplied
         directors' and officers' liability insurance covering an action, suit
         or proceeding, then such insurance company shall employ counsel to
         conduct the defense of such action, suit or

                                       4
<PAGE>

         proceeding unless Director and the Company reasonably concur in writing
         that such counsel is unacceptable; and

            c. The Company shall not be liable to indemnify Director under this
         Agreement for any amounts paid in settlement of any action or claim
         effected without its written consent. The Company shall not settle any
         action or claim in any manner which would impose any liability or
         penalty on Director without Director's written consent. Neither the
         Company nor Director shall unreasonably withhold consent to any
         proposed settlement.

         9. Enforcement.

            a. The Company expressly confirms and agrees that it has entered
         into this Agreement and assumed the obligations imposed on the Company
         hereby in order to induce Director to serve as a director of the
         Company and acknowledges that Director is relying upon this Agreement
         in continuing in such capacity.

            b. If a claim for indemnification or advancement of expenses is not
         paid in full by the Company within thirty (30) days after a written
         claim by Director (accompanied by substantiating documentation) has
         been received by the Company, Director may at any time assert the claim
         and bring suit against the Company to recover the unpaid amount of the
         claim. In the event Director is required to bring any action to enforce
         rights or to collect moneys due under this Agreement and is successful
         in such action, the Company shall reimburse Director for all of
         Director's reasonable attorneys' fees and expenses in bringing and
         pursuing such action.

         10. Proceedings by Director. The Company shall not be liable to make
any payment under this Agreement in connection with any action, suit or
proceeding, or any part thereof, initiated by Director unless such action, suit
or proceeding, or part thereof, (i) was authorized by the Company, such
authorization to be conclusively established by action by disinterested members
of the Board of Directors though less than a quorum or (ii) was brought by
Director pursuant to Section 9(b) hereof.

         11. Effectiveness. This Agreement is effective for, and shall apply to,
(i) any claim which is asserted or threatened before, on or after the date of
this Agreement but for which no action, suit or proceeding has been brought
prior to the date hereof and (ii) any action, suit or proceeding which is
threatened before, on or after the date of this Agreement but which is not
pending prior to the date hereof. This Agreement shall not apply to any action,
suit or proceeding which was brought before the date of this Agreement. So long
as the foregoing is satisfied, this Agreement shall be effective for, and be
applicable to, acts or omissions occurring prior to, on or after the date
hereof.

         12. Non-exclusivity. The rights of Director under this Agreement shall
not be deemed exclusive, or in limitation of, any rights to which Director may
be entitled under any applicable common or statutory law, or pursuant to the
Certificate of Incorporation, the Bylaws, vote of stockholders or otherwise.

                                       5
<PAGE>

         13. Other Payments. The Company shall not be liable to make any payment
under this Agreement in connection with any action, suit or proceeding against
Director to the extent Director has otherwise received payment of the amounts
otherwise payable by the Company hereunder.

         14. Subrogation. In the event the Company makes any payment under this
Agreement, the Company shall be subrogated, to the extent of such payment, to
all rights of recovery of Director with respect thereto, and Director shall
execute all agreements, instruments, certificates or other documents and do or
cause to be done all things necessary or appropriate to secure such recovery
rights to the Company including, without limitation, executing such documents as
shall enable the Company to bring an action or suit to enforce such recovery
rights.

         15. Survival; Continuation. The rights of Director under this Agreement
shall inure to the benefit of Director, his or her heirs, executors,
administrators, personal representatives and assigns, and this Agreement shall
be binding upon the Company, its successors and assigns. The rights of Director
under this Agreement shall continue so long as Director may be subject to any
action, suit or proceeding because of the fact that Director is or was a
director, officer, employee or agent of the Company or is or was serving at the
request of the Company as a director, officer, employee or agent of another
corporation, partnership, joint venture, trust or other enterprise. If the
Company, in a single transaction or series of related transactions, sells,
leases, exchanges, or otherwise disposes of all or substantially all of its
property and assets, the Company shall, as a condition precedent to any such
transaction, cause effective provision to be made so that the persons or
entities acquiring such property and assets shall become bound by and replace
the Company under this Agreement.

         16. Representations and Warranties of the Company. The Company hereby
represents and warrants to Director as follows:

            (a) Authority. The Company has all necessary power and authority to
         enter into, and be bound by the terms of, this Agreement, and the
         execution, delivery and performance of the undertakings contemplated by
         this Agreement have been duly authorized by the Company.

            (b) Enforceability. This Agreement, when executed and delivered by
         the Company in accordance with the provisions hereof, shall be a legal,
         valid and binding obligation of the Company, enforceable against the
         Company in accordance with its terms, except as such enforceability may
         be limited by applicable bankruptcy, insolvency, moratorium,
         reorganization or similar laws affecting the enforcement of creditors'
         rights generally.

         17. Amendment and Termination. No amendment, modification, termination
or cancellation of this Agreement shall be effective unless made in writing
signed by both parties hereto.

         18. Headings. Section headings of the sections and paragraphs of this
Agreement have been inserted for convenience of reference only and do not
constitute a part of this Agreement.

                                       6
<PAGE>

         19. Notices. All notices and other communications hereunder shall be in
writing and shall be deemed to have been duly given if delivered personally,
mailed by certified mail (return receipt requested) or sent by overnight
delivery service, cable, telegram, facsimile transmission or telex to the
parties at the following addresses or at such other addresses as shall be
specified by the parties by like notice:

         a.       if to the Company:
                  Cinemark, Inc.
                  3900 Dallas Parkway
                  Suite 500
                  Plano, Texas 75093
                  Attn: General Counsel
                  Fax:  (972) 665-1004

                  with a copy (which shall not constitute notice) to:

                  Akin, Gump, Strauss, Hauer & Feld, L.L.P.
                  1700 Pacific Avenue
                  Suite 4100
                  Dallas, Texas 75201
                  Attn: Terry M. Schpok, P.C.
                  Fax:  (214) 969-4343

         b.       if to the Director to the address of such director set forth
                  on the signature page hereof.

Notice so given shall, in the case of notice so given by mail, be deemed to be
given and received on the fourth calendar day after posting, in the case of
notice so given by overnight delivery service, on the date of actual delivery
and, in the case of notice so given by cable, telegram, facsimile transmission,
telex or personal delivery, on the date of actual transmission or, as the case
may be, personal delivery.

         20. Severability. If any provision of this Agreement shall be held to
be illegal, invalid or unenforceable under any applicable law, then such
contravention or invalidity shall not invalidate the entire Agreement. Such
provision shall be deemed to be modified to the extent necessary to render it
legal, valid and enforceable, and if no such modification shall render it legal,
valid and enforceable, then this Agreement shall be construed as if not
containing the provision held to be invalid, and the rights and obligations of
the parties shall be construed and enforced accordingly.

         21. Complete Agreement. This Agreement, those documents expressly
referred to herein and other documents of even date herewith embody the complete
agreement and understanding among the parties and supersede and preempt any
prior understandings, agreements or representations by or among the parties,
written or oral, which may have related to the subject matter hereof in any way.

                                       7
<PAGE>

         22. Counterparts. This Agreement may be executed in any number of
counterparts and by different parties hereto in separate counterparts, with the
same effect as if all parties had signed the same document. All such
counterparts shall be deemed an original, shall be construed together and shall
constitute one and the same instrument.

         23. GOVERNING LAW. CHOICE OF LAW. THIS AGREEMENT WILL BE GOVERNED BY
THE INTERNAL LAW, AND NOT THE LAW OF CONFLICTS, OF THE STATE OF DELAWARE.

                            [SIGNATURE PAGE FOLLOWS]

                                       8
<PAGE>

         IN WITNESS WHEREOF, the parties hereto have caused this Agreement to be
executed on the day and year first above written.

                                    CINEMARK, INC.

                                    By:
                                       -----------------------------------------
                                    Name:
                                         ---------------------------------------
                                    Title:
                                          --------------------------------------

                                    DIRECTOR:

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

                                    ADDRESS:

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

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

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

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