Document:

Exhibit 10.8

 

EQUIPMENT PURCHASE AGREEMENT

 

This EQUIPMENT PURCHASE AGREEMENT
(the “Agreement”), dated as of March 17, 2021(the “Effective Date”), is made and entered
into by and between Cinedigm Digital Funding I, LLC a Delaware limited liability company (“CDF1”), and
American Multi-Cinema, Inc., a Missouri corporation (“AMC”).

 

R E C I T A L S

 

WHEREAS, AMC, as successor
in interest, is party to certain Master License Agreements (the “Master License Agreements”) with CDF1 pursuant
to which CDF1 and its affiliates deployed and licensed the use of certain equipment to AMC under the terms and conditions set forth in
such Master License Agreements.

 

WHEREAS, CDF1 has agreed to
convey to AMC, and AMC has agreed to receive, the equipment described and identified on Schedule A attached hereto, together with
all manufacturers’ warranties thereon, to the extent such warranties are transferable (the “Assets”).

 

NOW, THEREFORE, for good and
valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties hereto agree as follows:

 

1.       Subject
to the terms and conditions hereafter set forth, CDF1 hereby agrees to transfer, sell, convey, and deliver (the “Sale”)
to AMC and AMC hereby agrees to accept, all of CDF1’s right, title and interest in and to the Assets for an aggregate purchase price
of Six Million Two Hundred Fifty Thousand Dollars ($6,250,000.00) (the “Purchase Price”).

 

2.       AMC
shall deliver to CDF1 the Purchase Price at the times and for the installment amounts set forth on Schedule A in immediately available
funds in accordance with the written instructions provided by CDF1.

 

3.       Notwithstanding
anything contained herein, CDF1 will retain title to each Asset until its receipt of the installment amounts of the Purchase Price related
to such Asset as more specifically set forth on Schedule A (with respect to each such Asset, the “Transfer Date”).

 

4.       CDF1
represents and warrants that (a) it is a limited liability company, validly existing and in good standing in its jurisdiction of formation,
(b) it has the power and authority to enter into this Agreement and (c) it has taken all actions necessary for the execution of this Agreement.

 

5.       AMC
represents and warrants that (a) it is a corporation validly existing and in good standing in its jurisdiction of incorporation, (b) it
has the power and authority to enter into this Agreement and (c) it has taken all action necessary for the execution of this Agreement.

 

6.       AMC
acknowledges and agrees that (a) except as expressly set forth herein, AMC accepts the Assets on an “AS IS, WHERE IS” basis
and (b) except for the CDF1’s representations and warranties set forth in Section 4 above, CDF1 has not made and will not be deemed
to have made any verbal or written representations, warranties, promises or guarantees (whether express, implied, statutory or otherwise)
to AMC with respect to the Assets or in connection with the Sale.

 

7.       AMC
acknowledges and agrees that it shall arrange, at its sole cost and expense, for relocation, storage, shipment and refurbishment of the
Assets, as may be necessary and assumes all risk of loss as of the Effective Date. AMC shall maintain a policy of insurance insuring the
Assets for a coverage amount at least equal to the full replacement cost (at market value) of the Assets. CDF1 shall be named as a loss
payee, as applicable under such policy, and such policy shall provide that it may not be canceled except upon at least thirty (30) days
prior written notice to CDF1 (or at least ten (10) days’ prior written notice for failure to pay a premium). Upon CDF1’s request,
AMC shall furnish to CDF1 insurance certificates.

 

     

     

    

 

8.       Each
party agrees to cooperate reasonably with the other party, to take such actions, to execute such further instruments, documents and agreements,
and to give such further written assurances, as may be reasonably requested by the other party to evidence and reflect the transactions
contemplated herein, and to carry into effect the intents and purposes of this Agreement.

 

9.       Upon
a failure to timely make any payment required under this Agreement when due, or breach of any other material term of this Agreement by
AMC which is not cured within thirty (30) days following notice from CDF1 of such breach, then, in addition to any other rights or remedies
that CDF1 may have at law or in equity, CDF1 shall have the right, in CDF1’s sole discretion, to declare a default and retake possession
of the Assets for which title has not already been conveyed pursuant to Section 3 and to reinstate and collect the fees waived under Section
15 hereof. AMC shall permit CDF1 and its agents to enter the premises where such Assets are stored or otherwise located for the purpose
of inspecting, removing or selling the Assets or CDF1 may require AMC (at AMC’s sole cost and expense) to assemble the Assets and
make them available to CDF1 at a place to be designated by CDF1 which is reasonably convenient to CDF1 and AMC. AMC shall pay any deficiency
that may remain after exercise of such rights plus expenses of retaking, holding, preparing for sale, selling or the like, and the enforcement
of such rights, including CDF1's reasonable attorney's fees and expenses. All of CDF1's rights under this Agreement are cumulative and
no waiver of any default shall affect any later default.

 

10.       The
representations, warranties, covenants and agreements set forth in this Agreement shall survive the execution and delivery of this Agreement.

 

11.       This
Agreement and all of the provisions hereof will be binding upon and inure to the benefit of the parties hereto and their respective successors
and assigns.

 

12.       This
Agreement, together with the Schedule hereto, incorporated by this reference, constitute the entire agreement of the parties regarding
the Sale. They supersede all prior or contemporaneous understandings, agreements, or other communications between the parties, oral or
written, regarding such subject matter. This Agreement may not be amended or waived except in a writing executed by the party against
which such amendment or waiver is sought to be enforced. No course of dealing between or among any persons or entities having any interest
in this Agreement will be deemed effective to modify or amend any part of this Agreement or any rights or obligations of any person or
entity under or by reason of this Agreement. The failure of a party to enforce any provision of this Agreement shall not be construed
to be a waiver of the right of such party to thereafter enforce that provision or any other provision or right. If any provision of this
Agreement is unenforceable or invalid under any applicable law or is so held by applicable court decision, such unenforceability or invalidity
will not render this Agreement unenforceable or invalid as a whole, and such provision will be changed and interpreted so as to best accomplish
the objectives of such unenforceable or invalid provision within the limits of applicable law or applicable court decisions.

 

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13.       This
Agreement shall be governed by, and construed in accordance with, the laws of the State of California applicable to contracts entered
into and to be performed wholly within said state. The parties hereto hereby consent to the jurisdiction of the federal and state courts
located in Los Angeles County, California and waive any objections to such courts based on venue in connection with any claim or dispute
arising under this Agreement. Each of the parties hereto hereby irrevocably waives any and all right to a trial by jury in any legal proceedings
arising out of or relating to this Agreement.

 

14.       This
Agreement may be executed in one or more counterparts, each of which shall be an original and all of which shall together constitute one
and the same instrument. It shall not be necessary for any counterpart to bear the signature of all parties hereto. This Agreement and
any amendments hereto, to the extent signed and delivered by means of a facsimile machine or electronic delivery, shall be treated in
all manner and respects as an original agreement and shall be considered to have the same binding legal effect as if were the original
signed version thereof delivered in person. No party to this Agreement shall raise the use of a facsimile machine or electronic delivery
to deliver a signature or the fact that any signature or agreement was transmitted or communicated through the use of a facsimile machine
or electronic means as a defense to the formation or enforceability of a contract and each party forever waives any such defense.

 

15.       Effective
as of each Transfer Date, and solely with respect to the Assets for which title is conveyed as of such Transfer Date, the relevant Master
License Agreement shall terminate, except for provisions which by their terms expressly survive the termination of such Master License
Agreement. Notwithstanding the preceding sentence, CDF1 hereby acknowledges and agrees (i) that AMC’s obligation to enter into and
maintain a service agreement for the maintenance of the Assets is hereby terminated effective as of the Effective Date and (ii) to waive
all fees related to the Assets to which CDF1 is entitled under the Master License Agreement (including Alternative Content Fees, Advertising
Fees (as such terms are defined in the respective Master License Agreement) and all fees related to offline systems).

 

[SIGNATURE PAGES TO FOLLOW]

 

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IN WITNESS WHEREOF, the parties
hereto have executed this Agreement effective as of the date first above written.

 

	 	CINEDIGM DIGITAL FUNDING I, LLC
	 	 
	 	By:	/s/ Gary S. Loffredo
	 	Name:  	Gary S. Loffredo
	 	Title:	President
	 	 
	 	American Multi-Cinemas, Inc.
	 	 
	 	By:	/s/ John McDonald
	 	Name: 	John McDonald
	 	Title:	EVP US OperationExhibit 10.9

 

EQUIPMENT PURCHASE AGREEMENT

 

This EQUIPMENT PURCHASE AGREEMENT
(the “Agreement”), dated as of March 17, 2021 (the “Effective Date”), is made and
entered into by and between ACCESS DIGITAL CINEMA PHASE 2, CORP., a Delaware corporation (“ADCP2”), ACCESS
DIGITAL CINEMA PHASE 2 B/AIX CORP. a Delaware corp. (“BAI/X,” and together with ADCP2, the “Sellers”)
and American Multi-Cinema, Inc., a Missouri corporation (“AMC”).

 

R E C I T A L S

 

WHEREAS, AMC, as successor
in interest, is party to certain Master License Agreements (the “Master License Agreements”) with the Sellers
pursuant to which Sellers deployed and licensed the use of certain equipment to AMC under the terms and conditions set forth in such Master
License Agreement.

 

WHEREAS, Sellers have agreed
to convey to AMC, and AMC has agreed to receive, the equipment described and identified on Schedule A attached hereto, together
with all manufacturers’ warranties thereon, to the extent such warranties are transferable (the “Assets”).

 

NOW, THEREFORE, for good and
valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties hereto agree as follows:

 

1. 
Subject to the terms and conditions hereafter set forth, Sellers hereby agree to transfer, sell, convey, and deliver (the “Sale”)
to AMC and AMC does hereby accept, all of Sellers’s right, title and interest in and to the Assets for an aggregate purchase price
of $4,588,000.00 (the “Purchase Price”).

 

2. 
AMC shall deliver to Sellers the Purchase Price at the times and for the installment amounts set forth on Schedule A attached
hereto. Payment shall be made in immediately available funds in accordance with the written instructions provided by Sellers to AMC.

 

3. 
Notwithstanding anything contained herein, Sellers will retain title to each Asset until Sellers’ receipt of the installment
amounts of the Purchase Price related to such Asset as more specifically set forth on Schedule A.

 

4. 
Each of the Sellers represents and warrants that (a) it is a corporation validly existing and in good standing in its jurisdiction
of incorporation, (b) it has the power and authority to enter into this Agreement and (c) it has taken all actions necessary for the execution
of this Agreement.

 

5. 
AMC represents and warrants that (a) it is a corporation validly existing and in good standing in its jurisdiction of incorporation,
(b) it has the power and authority to enter into this Agreement and (c) it has taken all action necessary for the execution of this Agreement.

 

6. 
AMC acknowledges and agrees that (a) except as expressly set forth herein, AMC accepts the Assets on an “AS IS, WHERE IS”
basis and (b) except for Sellers’ representations and warranties set forth in Section 4 above, Sellers have not made and will not
be deemed to have made any verbal or written representations, warranties, promises or guarantees (whether express, implied, statutory
or otherwise) to AMC with respect to the Assets or in connection with the Sale.

 

     

     

    

 

7. 
AMC acknowledges and agrees that it shall arrange, at its sole cost and expense, for relocation, storage, shipment and refurbishment
of the Assets, as may be necessary and assumes all risk of loss as of the Effective Date. AMC shall maintain a policy of insurance insuring
the Assets for a coverage amount at least equal to the full replacement cost (at market value) of the Assets. Sellers shall be named as
a loss payee, as applicable under such policy, and such policy shall provide that it may not be canceled except upon at least thirty (30)
days prior written notice to Sellers (or at least ten (10) days’ prior written notice for failure to pay a premium). Upon Sellers’
request, AMC shall furnish to Sellers insurance certificates.

 

8. 
Each party agrees to cooperate reasonably with the other party, to take such actions, to execute such further instruments, documents
and agreements, and to give such further written assurances, as may be reasonably requested by the other party to evidence and reflect
the transactions contemplated herein, and to carry into effect the intents and purposes of this Agreement.

 

9. 
Upon a failure to timely make any payment required under this Agreement when due, or breach of any other material term of this
Agreement by AMC which is not cured within thirty (30) days following notice from Sellers of such breach, then, in addition to any other
rights or remedies that Sellers may have at law or in equity, Sellers shall have the right, in Sellers’ sole discretion, to declare
a default and retake possession of the Assets for which title has not already been conveyed in accordance with Section 3. AMC shall permit
Sellers and their agents to enter the premises where such Assets are stored or otherwise located for the purpose of inspecting, removing
or selling the Assets or Sellers may require AMC (at AMC’s sole cost and expense) to assemble the Assets and make them available
to Sellers at a place to be designated by Sellers which is reasonably convenient to Sellers and AMC. AMC shall pay any deficiency that
may remain after exercise of such rights plus expenses of retaking, holding, preparing for sale, selling or the like and the enforcement
of such rights, including Sellers' reasonable attorney's fees and expenses. All of Sellers' rights under this Agreement are cumulative
and no waiver of any default shall affect any later default.

 

10. 
The representations, warranties, covenants and agreements set forth in this Agreement shall survive the execution and delivery
of this Agreement.

 

11. 
This Agreement and all of the provisions hereof will be binding upon and inure to the benefit of the parties hereto and their respective
successors and assigns.

 

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12. 
This Agreement, together with the Schedule hereto, incorporated by this reference, constitute the entire agreement of the parties
regarding the Sale. They supersede all prior or contemporaneous understandings, agreements, or other communications between the parties,
oral or written, regarding such subject matter. This Agreement may not be amended or waived except in a writing executed by the party
against which such amendment or waiver is sought to be enforced. No course of dealing between or among any persons or entities having
any interest in this Agreement will be deemed effective to modify or amend any part of this Agreement or any rights or obligations of
any person or entity under or by reason of this Agreement. The failure of a party to enforce any provision of this Agreement shall not
be construed to be a waiver of the right of such party to thereafter enforce that provision or any other provision or right. If any provision
of this Agreement is unenforceable or invalid under any applicable law or is so held by applicable court decision, such unenforceability
or invalidity will not render this Agreement unenforceable or invalid as a whole, and such provision will be changed and interpreted so
as to best accomplish the objectives of such unenforceable or invalid provision within the limits of applicable law or applicable court
decisions.

 

13. 
This Agreement shall be governed by, and construed in accordance with, the laws of the State of California applicable to contracts
entered into and to be performed wholly within said state. The parties hereto hereby consent to the jurisdiction of the federal and state
courts located in Los Angeles County, California and waive any objections to such courts based on venue in connection with any claim or
dispute arising under this Agreement. Each of the parties hereto hereby irrevocably waives any and all right to a trial by jury in any
legal proceedings arising out of or relating to this Agreement.

 

14. 
This Agreement may be executed in one or more counterparts, each of which shall be an original and all of which shall together
constitute one and the same instrument. It shall not be necessary for any counterpart to bear the signature of all parties hereto. This
Agreement and any amendments hereto, to the extent signed and delivered by means of a facsimile machine or electronic delivery, shall
be treated in all manner and respects as an original agreement and shall be considered to have the same binding legal effect as if were
the original signed version thereof delivered in person. No party to this Agreement shall raise the use of a facsimile machine or electronic
delivery to deliver a signature or the fact that any signature or agreement was transmitted or communicated through the use of a facsimile
machine or electronic means as a defense to the formation or enforceability of a contract and each party forever waives any such defense.

 

[SIGNATURE PAGES TO FOLLOW]

 

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IN WITNESS WHEREOF, the parties
hereto have executed this Agreement effective as of the date first above written.

 

	 	ACCESS DIGITAL CINEMA PHASE 2, CORP. 
	 	 
	 	By:	/s/ Gary S. Loffredo
	 	 	Name: Gary S. Loffredo
	 	 	Title: President
	 	 
	 	ACCESS DIGITAL CINEMA PHASE 2 B/AIX, CORP. 
	 	 
	 	By:	/s/ Gary S. Loffredo
	 	 	Name: Gary S. Loffredo
	 	 	Title: President
	 	 
	 	American Multi-Cinema, Inc.
	 	 
	 	By:	/s/ John McDonald
	 	 	Name: John McDonald
	 	 	Title: EVP US Operations

 

Signature Page- Equipment Purchase Agreement

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