Document:

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                                                                    EXHIBIT 10.1

                                                                  EXECUTION COPY

                              SETTLEMENT AGREEMENT

         This Settlement Agreement ("Agreement") is entered into this 31st day
of December, 2004 by and between Jawaharlal Gondi ("Gondi"), The Arthi Trust and
Far East Energy Corporation, a Nevada corporation (the "Company"). Gondi and the
Company are sometimes individually referred to in this Agreement as the "Party"
and collectively as the "Parties."

         WHEREAS, bona fide disputes and controversies exist between the
Parties, both as to liability and the amount thereof arising out of all
compensation and reimbursement of all expenses owing to Gondi by the Company and
its subsidiaries and affiliates;

         WHEREAS, by reason of such disputes and controversies the Parties want
to resolve permanently any and all disputes and controversies arising out of
such claims for compensation;

         NOW, THEREFORE, without any admission of wrongdoing or liability, and
for the consideration recited herein and other valuable consideration, the
sufficiency and receipt of which hereby is acknowledged, the Parties agree as
follows:

         1. PAYMENT. In exchange for, and as part of, the consideration and upon
the terms set forth in this Agreement, the Company shall (a) pay Gondi a total
gross amount of One Hundred Sixty-Five Thousand and no/100 Dollars
($165,000.00), minus all applicable withholding, by wire transfer in immediately
available funds or certified or cashier's check and (b) reimburse Gondi
$3,000.00 in payment of all out-of-pocket incidental miscellaneous expenses
(such as international hotel incoming faxes, telephone calls and business center
charges) incurred by Gondi during 2003 and 2004 (hereinafter collectively
referred to as the "Settlement Payment"). Upon payment of the Settlement
Payment, Gondi waives any claims for and represents and warrants that no salary,
back pay, reinstatement, future pay, front pay, bonuses, vacation pay or any
other compensation, employee retirement, health, and welfare benefits,
out-of-pocket expenses incurred in the capacity as an officer and director or
other employee benefits or other costs and expenses, notes payable or
indebtedness that shall be due or owing to Gondi by the Company or its
subsidiaries.

         2. RESIGNATION. Gondi hereby resigns, and the Company hereby accepts
such resignation, as a director, officer, employee or in any other capacity of
the Company and its subsidiaries effective as of the date hereof. Gondi agrees
not to engage in any statements or conduct which would lead any person or entity
to believe that he is an employee, officer, director, consultant, agent or
authorized representative of the Company or any of its subsidiaries. Gondi
agrees that he will not, directly or indirectly, disparage the Company or its
executive officers and directors in communications to any third-party about the
Company's financial condition, prospects, business operations, development
efforts, properties or licenses or the Company's executive officers and
directors.

         3. PUBLIC ANNOUNCEMENT. The Parties agree that the Company will file
with the SEC a report on Form 8-K and the Company will issue a press release,
each of which will disclose Gondi's resignation as a director of the Company.
Gondi acknowledges and agrees that he has received and reviewed a copy of the
Form 8-K that will be filed with the SEC concerning his resignation, agrees
fully with the statements made by the Company therein and has not provided and
will not provide to the Company any written correspondence concerning the
circumstances surrounding his resignation. The Parties agree that the
information in the press release concerning Gondi's resignation as a director of
the Company will be substantially the same to the statements made in such report
on Form 8-K. Gondi agrees not to issue any press release or make any public
statement concerning his resignation from the Company or its subsidiaries as
provided by Section 2 that would conflict with the statements made by the
Company in the Form 8-K provided to Gondi under this Section.

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         4. STANDSTILL. Gondi and The Arthi Trust agree that, for a period of
two (2) years after the date of this Agreement, without the prior written
consent of the Company, Gondi and The Arthi Trust will not, and will cause each
of his affiliates not to, singly or as part of a group, directly or indirectly,
through one or more intermediaries or otherwise to:

                  (a)      make, or in any way participate in, any
                           "solicitation" of "proxies" (as such terms are
                           defined or used in Regulation 14A of the Securities
                           Exchange Act of 1934, as amended (the "Exchange
                           Act")) with respect to any Securities (as defined
                           below) (including by the execution of action by
                           written consent), become a "participant" in any
                           "election contest" (as such terms are defined or used
                           in Rule 14a-11 of the Exchange Act) with respect to
                           the Company, stand for election as a director of the
                           Company, accept appointment as an officer or director
                           of the Company, seek to advise, encourage or
                           influence any person or entity with respect to the
                           voting of any Securities or demand a copy of the
                           stock ledger, list of stockholders or other books and
                           records of the Company; provided that this Section
                           4(a) shall not be deemed to prohibit Gondi from
                           exercising any rights as a stockholder of the Company
                           to inspect the corporate records of the Company under
                           applicable law in the event Gondi shall become the
                           subject of any investigation or legal proceeding by a
                           governmental authority or agency and he reasonably
                           believes such documents are relevant to his defense
                           in such an investigation or legal proceeding;

                  (b)      participate in or encourage the formation of any
                           group which owns or seeks or offers to acquire
                           beneficial ownership of securities of the Company or
                           any assets owned by the Company or rights to acquire
                           such securities or which seeks or offers to effect
                           control or to effect a change of control of the
                           Company or for the purpose of circumventing any
                           provisions of this Agreement;

                  (c)      otherwise act, alone or in concert with others
                           (including by providing financing to another party),
                           to seek or offer to control, to change or to change
                           the control of, in any manner, the management, board
                           of directors or policies of the Company; or

                  (d)      solicit, seek or offer to effect, negotiate with or
                           provide any information to any person with respect
                           to, or make any statement, proposal or inquiry,
                           whether written or oral, either alone or in concert
                           with others, to the board of directors of the
                           Company, to any director or officer of the Company or
                           to any stockholder or securityholder of the Company
                           or otherwise make any public announcement or proposal
                           or offer whatsoever with respect to (i) any form of
                           business combination or other acquisition transaction
                           involving the Company including, without limitation,
                           a merger, consolidation, tender or exchange offer,
                           sale or purchase of assets or securities, or
                           dissolution or liquidation of the Company, or (ii)
                           any form of restructuring, recapitalization or
                           similar transaction with respect to the Company.

For purposes of this Section and Section 5, the (i) terms "person," "group" and
"beneficial owner" shall have the meanings ascribed to those terms in Rule 13d-3
under the Exchange Act and (ii) the term "Securities" shall mean the shares of
capital stock or other voting securities of the Company and its subsidiaries and
affiliates, and any and all other shares or securities issued or issuable in
respect thereof, now or hereafter controlled, directly or indirectly, by Gondi,
The Arthi Trust or their respective affiliates or with respect to which Gondi or
The Arthi Trust is a beneficial owner. Solely for purposes of clauses (a)
through (d) this Section 5, the term "Company" shall mean Far East Energy
Corporation and its subsidiaries and affiliates.

         5. PROXY. On the date of this Agreement, Gondi will execute and deliver
to the Company, or cause to be executed and delivered to the Company, one or
more proxies in substantially the form of Exhibit A

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attached hereto (collectively, the "Proxy") naming the members of the board of
directors of the Company who are not officers of the Company or members of the
Company's audit committee, as the agents and proxies, with full power of
substitution and resubstitution, to vote any and all Securities (including any
additional shares of capital stock issued in respect of such Securities incident
to a stock split, stock dividend, recapitalization, consolidation, merger or
other reorganization or like transaction). Any determination to use any Proxy
shall be made by the majority of such directors of the Company. The Proxy shall
expire on the second anniversary of this Agreement. During such period, the
Proxy shall be irrevocable and coupled with an interest and shall be irrevocable
and shall survive the insolvency, incapacity, death or liquidation of Gondi or
any other person granting the Proxy. The Company and any proxyholder named in
the Proxy shall have the right from time to time to designate any member of the
board of directors of the Company who are not officers of the Company or members
of the Company's audit committee in substitution or resubstitution of a
proxyholder. None of Gondi, The Arthi Trust or any other person granting a Proxy
shall retain any authority to vote the Securities. The Proxy shall provide that
the Proxy, at the discretion of the proxyholders named therein, may be used for
the purpose of establishing a quorum. The Proxy shall further provide that, if
and to the extent the proxyholders named in the Proxy vote any Securities, such
proxyholders shall vote such Securities in the same proportion as the votes cast
by all other holders of the Company's voting capital stock. Upon the execution
hereof, Gondi and The Arthi Trust agree that all prior proxies given by Gondi,
The Arthi Trust or their respective affiliates with respect to the Securities
are hereby revoked as of the date hereof and no subsequent proxies will be given
until such time as the Proxy shall be terminated in accordance with its terms.
Gondi and The Arthi Trust agree to cause to be revoked all proxies (other than
the Proxy) with respect to the Securities now or hereafter controlled or
beneficially owned, directly or indirectly, by Gondi, The Arthi Trust or his or
its affiliates. Gondi and The Arthi Trust agree, and agree to cause, any
certificates representing Securities to be legended to assure the enforceability
of this Agreement and the Proxy, by bearing the following legend on the reverse
side of the certificate (as well as a reference in bold-face type to such legend
on the face of the certificate):

         "THE SHARES REPRESENTED BY THIS CERTIFICATE ARE SUBJECT TO THE
         PROVISIONS OF AN IRREVOCABLE PROXY DATED DECEMBER 31, 2004 NAMING
         CERTAIN MEMBERS OF THE BOARD OF DIRECTORS OF THE COMPANY AS THE AGENTS
         AND PROXIES. THE COMPANY WILL FURNISH A COPY OF SUCH PROXY TO THE
         RECORD HOLDER OF THIS CERTIFICATE WITHOUT CHARGE ON REQUEST TO THE
         COMPANY AT ITS PRINCIPAL PLACE OF BUSINESS OR REGISTERED OFFICE. SUCH
         PROXY SHALL BE SUBJECT TO THE TERMS AND CONDITIONS OF THE SETTLEMENT
         AGREEMENT DATED DECEMBER 31, 2004 AMONG THE COMPANY, JAWAHARLAL GONDI
         AND THE ARTHI TRUST."

Each certificate, if any, evidencing the Securities issued upon any disposition,
gift or other transfer shall bear the legend set forth in this Section 5, unless
(a) such Securities will be sold in accordance with the provisions of paragraphs
(f) and (g) of Rule 144 promulgated under the Securities Act of 1933, as amended
(regardless of the availability of 144(k)) or (b) the Company otherwise agrees
in writing to the removal of such legend. In connection with any such
disposition or transfer, the Company shall have the right, but not the
obligation, to require the execution and delivery of a seller's representation
letter by the holder of such Securities and/or the execution and delivery of a
broker's letter by the broker effecting such transfer or disposition, which
broker shall be of prominent national or international reputation and recognized
standing with multiple offices in the United States (such as, for example,
Merrill Lynch, A.G. Edwards, Smith Barney, Credit Suisse First Boston, Friedman,
Billings & Ramsey or others of similar national or international prominence), in
form and substance satisfactory to the Company. In furtherance of, but subject
to compliance with the provisions of this Section 5, the Parties agree that the
intent of this Section 5 is that the legend set forth in this Section 5 shall be
removed in connection with such a disposition or transfer to a Person unknown to
and unsolicited by the holder of the Securities through a brokerage firm in an
open market transaction. The Company shall use commercially reasonable efforts
to process or cause its stock transfer agent to process such disposition or
transfer made in compliance with applicable law as soon as reasonably
practicable following its or its stock transfer agent's receipt of all documents
required under this Section 5 or under the Securities Act of 1933 and other
applicable law. Upon removal of the legend on the certificates evidencing any
Securities and the disposition of such

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Securities, in each case, as set forth in and in compliance with this Section 5,
such Securities shall thereafter cease to be subject to the Proxy. Gondi and The
Arthi Trust represent and warrant to the Company that no Securities are
controlled directly or indirectly, by Gondi, The Arthi Trust or their respective
affiliates or with respect to which Gondi or The Arthi Trust is a beneficial
owner except for those Securities subject to the Proxy.

         6. FURTHER ASSURANCE. Each Party agrees to execute and deliver such
documents, resignations, proxies and take such other action as will be
reasonably required to carry out the provisions or the intent of this Agreement.

         7. CHOICE OF LAW/FORUM SELECTION. This Agreement shall be governed by,
construed and enforced in accordance with, and subject to, the laws of the State
of Texas, except to the extent the laws of the State of Nevada apply to matters
of corporate governance of the Company. Venue of any claim relating in any way
to this Agreement shall be proper only in state court in Harris County, Texas
and, by execution and delivery of this Agreement, each Party hereby accepts for
itself and in respect of its property, generally and unconditionally, the
jurisdiction of the aforesaid courts. Each Party hereby irrevocably waives any
objection, including, without limitation, any objection to the laying of venue
or based on the grounds of forum non conveniens, which it may now or hereafter
have to the bringing of any such action or proceeding in such respective
jurisdictions.

         8. ENTIRE AGREEMENT. It is expressly understood and agreed that this
Agreement embodies the entire agreement between the Parties with respect to the
subject matter of this Agreement and, unless otherwise indicated, supersedes any
and all prior agreements, arrangements or understandings between and among the
Parties. This Agreement may not be changed by oral representations and may only
be amended by written instrument executed by a duly authorized representative of
each of the Company and Gondi and, with respect to an amendment to Sections 4
through 14 of this Agreement, The Arthi Trust, or their respective authorized
successors or assigns.

         9. COMPETENCE. Each of the Parties represents that they each are
legally competent and has all requisite power and authority to execute this
Agreement. Gondi represents that he is not relying upon the Company or its
attorneys in any way regarding the tax consequences of entering into this
Agreement. Gondi acknowledges that he is solely responsible for payment of any
and all taxes due on such amounts. Gondi understands that the Company has signed
this Agreement in reliance upon (a) that this Agreement is written in plain
English and (b) that he has been advised to consult with an attorney prior to
executing this Agreement, and Gondi fully understands, his rights under all
applicable laws and the ramifications and consequences of Gondi's execution of
this Agreement. The Parties acknowledge that they have executed this Agreement
freely and without duress, having an opportunity to consult with the attorney(s)
of their choice. The consideration given in this Agreement is not to be
construed as an admission of liability by the Company or its subsidiaries or any
officer or director of the Company or its subsidiaries.

         10. NOTICES. All notices, requests, demands, claims and other
communications under this Agreement shall be in writing. Any notice, request,
demand, claim or other communication hereunder shall be deemed duly given if
(and then seven business days after) it is sent by (a) confirmed facsimile; (b)
overnight delivery; or (c) registered or certified mail, return receipt
requested, postage prepaid, and addressed, to the respective address of such
Party specified opposite its or his signature below. Either Party may send any
notice, request, demand, claim or other communication hereunder to the intended
recipient at the address set forth above using any other means (including
personal delivery, expedited courier, messenger service, telecopy, telex,
ordinary mail or electronic mail), but no such notice, request, demand, claim or
other communication shall be deemed to have been duly given unless and until it
actually is received by the intended recipient. Either Party may change the
address to which notices, requests, demands, claims and other communications
hereunder are to be delivered by giving the other Party notice in the manner
provided in this Agreement. Each Party irrevocably consents to service of
process in connection with disputes arising out of this Agreement or

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otherwise in the manner provided for notices in this Section. Nothing in this
Agreement will affect the right of any Party to serve process in any other
manner permitted by law.

         11. SEVERABILITY. Should any provision of this Agreement be held
invalid or unenforceable, such provision shall be ineffective to the extent of
such invalidity or unenforceability, without invalidating the remainder of such
provision or the remaining portions of this Agreement.

         12. NO ASSIGNMENT. Gondi represents and warrants that he has made no
assignment, and will make no assignment, of any claim, action, or right of any
kind whatsoever, embodied in any of the matters referred to in this Agreement,
and that no person or entity of any kind had or has any interest in any of the
obligations, claims, costs or expenses referred to in this Agreement. If Gondi,
The Arthi Trust or any other person granting a Proxy transfers or disposes of
any Securities, Section 5 and the Proxy shall continue to be enforceable by or
against such transferee of such Securities, unless the Company is required or
agrees to remove the legend on the certificates evidencing such Securities in
accordance with Section 5.

         13. COSTS AND EXPENSES. The Parties shall pay their respective fees,
disbursements and expenses of their attorneys in connection with the negotiation
and preparation of this Agreement; provided that the Company agrees to pay Gondi
the reasonable attorney fees incurred by him in connection with the negotiation
of this Agreement not to exceed an amount equal to $7,000.

         14. INTERPRETATION. Any reference to any federal, state, local, or
foreign statute or law shall be deemed also to refer to all rules and
regulations promulgated thereunder, unless the context otherwise requires. The
words, "include" and "including" shall mean including without limitation. The
Parties participated jointly in the negotiation and drafting of this Agreement.
In the event an ambiguity or question of intent or interpretation arises, this
Agreement shall be construed as if drafted jointly by the parties and no
presumption or burden of proof shall arise favoring or disfavoring either of the
Parties regarding the authorship of any of the provisions of this Agreement.

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         IN WITNESS WHEREOF, the Parties have caused this Agreement to be duly
executed by as of the day and year first above written.

                                            /s/ Jawaharlal Gondi
                                            ------------------------------------
Date:  December 30, 2004                    Jawaharlal Gondi

Address:
-------

Jawaharlal Gondi
37 Longfurlong
Rugby, Warks, UK CV22 5QT
Telephone No. (44) 1788-334496
Fax No.: (44) 1788-334497
email:  jgondi@shaw.ca

Date:  December 31, 2004                    FAR EAST ENERGY CORPORATION

Address:
-------
                                            By: /s/ Bruce N. Huff
                                               ---------------------------------
Far East Energy Corporation                         Bruce N. Huff
400 N. Sam Houston Pkwy E., Ste 205                 Chief Financial Officer
Houston, TX 77060
Attention: Chief Executive Officer
Fax No.  (832) 598-0479

The undersigned has executed this Agreement to evidence its agreement to be
bound solely by Sections 4 through 14 of this Agreement and shall be deemed to
be a Party for purposes thereof.

Date:  December 31, 2004                            THE ARTHI TRUST

Address:                                    By: /s/ Mervyn Brian Ellis
-------                                         --------------------------------
                                            Name: Mervyn Brian Ellis
The Arthi Trust                             Title: Director
Grant Thornton Stonehage Limited
Sir Walter Raleigh House
48/50 Esplanade                             By: /s/ Ralph Michael Capraro
St. Helier, Jersey, JE1 4HH                     --------------------------------
Fax No.: (44) 1534 823001                   Name: Ralph Michael Capraro
                                            Title: Director

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PROVINCE OF BRITISH COLUMBIA

CANADA

         On December 30, 2004, before me personally appeared Jawaharlal Gondi,
who having presented sufficient evidence of identity, acknowledged the signature
on the foregoing instrument as a free, knowing and voluntary act.

               -----------------------------------------------------------------
               Notary Public in and for the Province of British Columbia, Canada

My commission is for life.

STATE OF TEXAS

COUNTY OF HARRIS

         On December 31, 2004, before me personally appeared Bruce N. Huff, the
authorized representative of Far East Energy Corporation, having presented
sufficient evidence of identity, acknowledged the signature on the foregoing
instrument as a free, knowing and voluntary act on behalf of said company, for
the purposes and consideration therein expressed, and in the capacity stated.

                                 -----------------------------------------------
                                 Notary Public for the State of Texas

My commission expires:
                      -----------------------

ISLAND OF JERSEY

PARISH OF SAINT HELIER

         On December 31, 2004, before me personally appeared Mervyn Brian Ellis
and Ralph Michael Capraro, the authorized representatives of Grant Thornton
Stonehage Limited as trustees of The Arthi Trust, having presented sufficient
evidence of identity, acknowledged the signature on the foregoing instrument as
a free, knowing and voluntary act on behalf of said trust, for the purposes and
consideration therein expressed, and in the capacity stated.

                                 -----------------------------------------------
                                 Notary Public for the Island of Jersey

My commission expires:
                      -----------------------

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                                    EXHIBIT A

                                IRREVOCABLE PROXY

                           FAR EAST ENERGY CORPORATION

         The undersigned, a stockholder of Far East Energy Corporation (the
"Company"), hereby irrevocably appoints Donald Juckett and Thomas Cavanagh, and
each of them individually (the "Proxyholders"), as agents and proxies of the
undersigned, to the full extent of the undersigned's rights with respect to the
shares of the Securities, each with full power of substitution and
resubstitution, at any annual or special meeting of the stockholders of the
Company, at any adjournment or postponement thereof, through any written consent
by the stockholders of the Company, and any and all other action and any matter
that includes a vote of the Company's stockholders.

         This Proxy is issued pursuant to the Settlement Agreement, dated
December 31, 2004, by and among the Company, Jawaharlal Gondi and The Arthi
Trust (the "Settlement Agreement") and shall remain subject to the terms and
conditions thereof. This Proxy is an irrevocable proxy coupled with an interest.
Capitalized terms used but not defined herein shall have the same meanings
ascribed to such terms are defined in the Settlement Agreement. The undersigned
recognizes that the Proxyholders have an interest in said Securities in
connection with Section 5 of the Settlement Agreement.

         Any determination to use this Proxy shall be made by a majority of the
Proxyholders. Whenever the Proxyholders determine to vote any of the Securities,
the Proxyholders agree to vote all Securities in the same proportion as the
votes cast by all other holders of the Company's voting stock. At the discretion
of the Proxyholders, this Proxy may be used for the purpose of establishing a
quorum.

         This Proxy shall be subject to the terms and conditions of the
Settlement Agreement. Upon execution hereof, the undersigned agrees that all
prior proxies given by the undersigned or his or its affiliates with respect to
the Securities are hereby revoked and no subsequent proxies will be given until
such time as this Proxy shall be terminated in accordance with its terms. The
undersigned hereby waives its right to cancel this Proxy at any time during the
time period described herein. The undersigned hereby agrees and affirms that
this Proxy is irrevocable and shall remain in full force and effect and shall
survive the insolvency, incapacity, death or liquidation of the undersigned.

                                    Please Sign Here, Date and Return Promptly

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

                                    By:
                                       -----------------------------------------
                                       Name:
                                       Title:
                                       Date:
                                    Please sign exactly as your name or names
                                    appear on your share certificates. For joint
                                    accounts, each owner should sign. When
                                    signing as executor, administrator,
                                    attorney, trustee or guardian, etc., please
                                    give your full title.

                                       8<PAGE>
                                                                    EXHIBIT 10.1

                                                                  EXECUTION COPY

                                 CINEMARK, INC.

              FIRST AMENDMENT TO REGISTRATION AGREEMENT AND JOINDER

         WHEREAS, Cinemark, Inc., a Delaware corporation (the "COMPANY"),
Madison Dearborn Capital Partners IV, L.P., a Delaware limited partnership
("MDCP"), Lee Roy Mitchell and The Mitchell Special Trust (collectively with Lee
Roy Mitchell, the "MITCHELL INVESTORS") are parties to that certain Registration
Agreement dated March 12, 2004 (the "REGISTRATION AGREEMENT"); and

         WHEREAS, pursuant to that certain Securities Purchase Agreement among
MDCP, the Company, Quadrangle Capital Partners LP ("CAPITAL PARTNERS"),
Quadrangle Select Partners LP ("SELECT PARTNERS") and Quadrangle Capital
Partners A LP ("CAPITAL PARTNERS A"; and, together with Capital Partners and
Select Partners, the "QUADRANGLE INVESTORS") dated December 30, 2004 (the
"QUADRANGLE PURCHASE AGREEMENT"), the Quadrangle Investors will acquire a
portion of the Company's Class A Common Stock held by MDCP; and

         WHEREAS, the Company, MDCP, the Mitchell Investors and the Quadrangle
Investors desire to make certain amendments to the Registration Agreement in
connection with the transactions described above;

         WHEREAS, the Quadrangle Investors wish to become a party to the
Registration Agreement, as amended by this First Amendment to the Registration
Agreement and Joinder (this "FIRST AMENDMENT"); and

         NOW THEREFORE, the parties hereto hereby adopt this First Amendment and
hereby amend the Registration Agreement as set forth herein, effective as of
December 30, 2004 (the "EFFECTIVE DATE"), as follows:

         1. The first sentence of paragraph 1(b) of the Registration Agreement
is deleted and replaced with the following sentence: "Subject to paragraph 1(d),
the holders of a majority of the MDCP Registrable Securities shall be entitled
to request four Long-Form Registrations, the holders of a majority of the
Mitchell Registrable Securities shall be entitled to request two Long-Form
Registrations, and the holders of a majority of the Co-Investor Registrable
Securities shall be entitled to request one Long-Form Registration."

         2. The proviso at the end of the second sentence of paragraph 1(d) of
the Registration Agreement is deleted and replaced with the following language:
"provided that, if the holder of Registrable Securities that demands a Long-Form
Registration under this Section 1 is unable to include in such Long-Form
Registration at least 66 2/3% of the number of Registrable Securities requested
to be included by such holder in such Long-Form Registration because of the
limits imposed under this paragraph 1(d) of this Agreement, then such Long-Form
Registration shall not be counted for purposes of the limits on the number of
Long-Form Registrations such holder is permitted to demand under paragraph 1(b)
of this Agreement."

<PAGE>

         3. The definition of "Co-Investor" in paragraph 10(b) of the
Registration Agreement is deleted and replaced with the following language:
""CO-INVESTOR" means Quadrangle Capital Partners LP, Quadrangle Select Partners
LP and Quadrangle Capital Partners A LP, or any of them."

         4. Clause (i) of the first sentence of the definition of "Registrable
Securities" in paragraph 10(h) of the Registration Agreement is amended by
adding "including any shares transferred to Co-Investor or a Permitted
Transferee" immediately after "Agreement".

         5. The definition of "Co-Investor Registrable Securities" in paragraph
10(c) of the Registration Agreement is deleted and replaced with the following
language: ""CO-INVESTOR REGISTRABLE SECURITIES" means any Registrable Securities
held by any Co-Investor or any of its Permitted Transferees."

         6. The definition of "Permitted Transferees" in paragraph 10(g) of the
Registration Agreement is deleted and replaced with the following language:
""PERMITTED TRANSFEREES" has the meaning set forth in the Amended & Restated
Stockholders Agreement, dated as of the date hereof, between the Company, MDCP
and certain other stockholders of the Company."

         7. The proviso at the end of the first sentence of paragraph 11(c) of
the Registration Agreement is deleted and replaced with the following language:
"provided that (i) any amendment or waiver that affects only the Mitchell
Registrable Securities and not all Registrable Securities in the same manner,
must also be approved by the holders of a majority of the Mitchell Registrable
Securities and (ii) any amendment or waiver that affects only the Co-Investor
Registrable Securities and not all Registrable Securities in the same manner,
must also be approved by the holders of a majority of the Co-Investor
Registrable Securities".

         8. The Schedule of Investors that forms part of the Registration
Agreement is amended by adding the following names and addresses:

            Quadrangle Capital Partners LP
            Quadrangle Select Partners LP
            Quadrangle Capital Partners A LP
            c/o Quadrangle Group, LLC
            375 Park Avenue, 14th Floor
            New York, NY  10152
            Attn:      Kimberly Carlson
            Facsimile: (212) 418-1783

            with a copy to:

            Davis Polk & Wardwell
            450 Lexington Avenue
            New York, NY 10017
            Attn:      Phillip R. Mills
            Facsimile: (212) 450-3800

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<PAGE>

         FURTHERMORE, by executing and delivering this First Amendment, the
Quadrangle Investors each agree to become a party to, to be bound by, and to
comply with the provisions of the Registration Agreement (as amended by this
First Amendment) as a holder of Registrable Securities in the same manner as if
the undersigned were an original signatory to the Registration Agreement (as
amended by this First Amendment), and the undersigned's 2,213,993 shares of
Class A Common Stock shall be included as Registrable Securities under the
Registration Agreement (as amended by this First Amendment).

         Except as expressly modified herein, all of the terms and provisions of
the Registration Agreement are and shall remain in full force and effect. This
First Amendment may be executed simultaneously in two or more counterparts, any
one of which need not contain the signatures of more than one party, but all
such counterparts taken together shall constitute one and the same First
Amendment.

         All issues and questions concerning the construction, validity,
interpretation and enforcement of this First Amendment and the exhibits and
schedules hereto shall be governed by, and construed in accordance with, the
laws of the State of Delaware, without giving effect to any choice of law or
conflict of law rules or provisions (whether of the State of Delaware or any
other jurisdiction) that would cause the application of the laws of any
jurisdiction other than the State of Delaware.

                                    * * * * *
                            [SIGNATURE PAGE FOLLOWS]

                                       3
<PAGE>

         IN WITNESS WHEREOF, the parties have executed this First Amendment to
the Registration Agreement as of the Effective Date.

                                     CINEMARK, INC.

                                     By:   /s/ Michael Cavalier
                                           -------------------------------------
                                     Name: Michael Cavalier
                                     Its:  Vice President-General Counsel

                                     MADISON DEARBORN CAPITAL PARTNERS IV, L.P.

                                     By:   Madison Dearborn Partners, IV L.P.
                                     Its:  General Partner

                                     By:   Madison Dearborn Partners, LLC,
                                     Its:  General Partner

                                     By:   /s/ Benjamin D. Chereskin
                                           -------------------------------------
                                     Name: Benjamin D. Chereskin
                                     Its:  President

                                     /s/ Lee Roy Mitchell
                                     -------------------------------------------
                                     LEE ROY MITCHELL

                                     THE MITCHELL TRUST

                                     By:   /s/ Lee Roy Mitchell
                                           -------------------------------------

                                     Name: Lee Roy Mitchell
                                     Its:  Trustee

                                     By:   /s/ Gary D. Witherspoon
                                           -------------------------------------
                                     Name: Gary D. Witherspoon
                                     Its:  Trustee

                                       4
<PAGE>

                                     QUADRANGLE CAPITAL PARTNERS LP

                                     By:    Quadrangle GP Investors LP
                                     Its:   General Partner

                                     By:    Quadrangle GP Investors, LLC
                                     Its:   General Partner

                                     By:    /s/ Peter Ezersky
                                            ------------------------------------
                                     Name:  Peter Ezersky
                                     Its:   Managing Principal

                                     QUADRANGLE SELECT PARTNERS LP

                                     By:    Quadrangle GP Investors LP
                                     Its:   General Partner

                                     By:    Quadrangle GP Investors, LLC
                                     Its:   General Partner

                                     By:    /s/ Peter Ezersky
                                            ------------------------------------
                                     Name:  Peter Ezersky
                                     Its:   Managing Principal

                                     QUADRANGLE CAPITAL PARTNERS A LP

                                     By:    Quadrangle GP Investors LP
                                     Its:   General Partner

                                     By:    Quadrangle GP Investors, LLC
                                     Its:   General Partner

                                     By:    /s/ Peter Ezersky
                                            ------------------------------------
                                     Name:  Peter Ezersky
                                     Its:   Managing Principal

                                       5

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