Document:

QuickLinks
 -- Click here to rapidly navigate through this document

 

 
 

  Exhibit 4.1    
    

 
    ASSIGNMENT, ASSUMPTION AND AMENDMENT OF
  WARRANT AGREEMENT    
    

        THIS ASSIGNMENT, ASSUMPTION AND AMENDMENT OF WARRANT AGREEMENT (this "Agreement"), made
as of [    •    ], 2013, is by and among Azteca Acquisition Corporation, a Delaware corporation (the
"Company"), Hemisphere Media Group, Inc., a Delaware corporation ("Parent"), and Continental
Stock Transfer & Trust Company, a New York corporation, as warrant agent (the "Warrant Agent"). 

        WHEREAS,
the Company and the Warrant Agent are parties to that certain Warrant Agreement, dated as of June 29, 2011 and filed with the United States Securities and Exchange
Commission on July 6, 2011 (the "Existing Warrant Agreement"), pursuant to which the Company has issued warrants (collectively, the
"Warrants") to purchase 14,666,667 shares of the Company's common stock, par value $0.0001 per share ("Common
Stock"); 

        WHEREAS,
the terms of the Warrants are governed by the Existing Warrant Agreement and capitalized terms used herein, but not otherwise defined, shall have the meanings given to such
terms in the Existing Warrant Agreement; 

        WHEREAS,
on January 22, 2013, Parent, the Company, Hemisphere Merger Sub I, LLC, a Delaware limited liability company and an indirect wholly-owned subsidiary of Parent
("IM Merger Sub"), Hemisphere Merger Sub III, Inc., a Delaware corporation and an indirect wholly-owned subsidiary of Parent
("Cinelatino Merger Sub"), Hemisphere Merger Sub II, Inc., a Delaware corporation and an indirect wholly-owned subsidiary of Parent
("Azteca Merger Sub" and, together with IM Merger Sub and Cinelatino Merger Sub, the "Merger
Subsidiaries"), InterMedia Español Holdings, LLC, a Delaware limited liability company ("IM"), and Cine
Latino, Inc., a Delaware corporation ("Cinelatino"), entered into an Agreement and Plan of Merger (as amended from time to time, the
"Merger Agreement"); 

        WHEREAS,
the Merger Agreement provides, among other things, for the merger of Azteca Merger Sub with and into the Company, with the Company surviving (the "Azteca
Merger"), pursuant to which, (i) each share of Common Stock issued and outstanding immediately prior to the Effective Time (as defined in the Merger Agreement) (other
than (x) any shares of Common Stock to be cancelled pursuant to Section 2.1(b) of the Merger Agreement, (y) any shares of Common Stock redeemed pursuant to the redemption
provisions of the Azteca Charter (as defined in the Merger Agreement) and (z) Dissenting Shares (as defined in the Merger Agreement)) will be automatically converted into and will thereafter
represent the right to receive one validly issued, fully paid and non-assessable share of Class A common stock, par value $0.0001 per share, of Parent
("Parent Class A Common Stock") and (ii) each Warrant that is outstanding immediately prior to the Effective Time shall cease to represent
a right to acquire shares of Common Stock and shall be converted, at the Effective Time, into a right to acquire shares of Parent Class A Common Stock, on the same contractual terms and
conditions as were in effect immediately prior to the Effective Time under the terms of the Existing Warrant Agreement as amended by this Agreement; 

        WHEREAS,
upon consummation of the Merger, as provided in Section 4.4 of the Existing Warrant Agreement, the Warrants will no longer be exercisable for shares of Common Stock but
instead will be exercisable (subject to the terms and conditions of the Existing Warrant Agreement as amended hereby) for shares of Parent Class A Common Stock; 

        WHEREAS,
the Board of Directors of the Company has determined that the consummation of the transactions contemplated by the Merger Agreement will constitute a Business Combination (as
defined in Section 3.2 of the Existing Warrant Agreement); 

1

 

        WHEREAS,
in connection with the Merger, the Company desires to assign all of its right, title and interest in the Existing Warrant Agreement to Parent; 

        WHEREAS,
it is a condition to the closing of the Azteca Merger that, among other things, the Warrantholders Approval (as defined in the Merger Agreement) has been obtained; 

        WHEREAS,
at a duly convened and held Warrantholders Meeting (as defined in the Merger Agreement), the Warrant Amendment (as defined in the Merger Agreement) received the Warrantholders
Approval such that, effective upon the Effective Time, each Warrant shall become exercisable for one-half a share of Parent Class A Common Stock with an exercise price of $6.00 per
Warrant and each holder of a Warrant shall receive a special distribution of $0.50 per Warrant; and 

        WHEREAS,
Section 9.8 of the Existing Warrant Agreement provides that the Company and the Warrant Agent may amend the Existing Warrant Agreement without the consent of any
Registered Holder (as defined in the Existing Warrant Agreement) for the purpose of curing any ambiguity, or curing, correcting or supplementing any defective provision contained therein or adding or
changing any other provisions with respect to matters or questions arising under the Existing Warrant Agreement as the Company and the Warrant Agent may deem necessary or desirable and that the
Company and the Warrant Agent deem shall not adversely affect the interest of the Registered Holders. 

        NOW,
THEREFORE, in consideration of the mutual agreements contained herein and other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, and
intending to be legally bound hereby, the parties hereto agree as follows: 

        1.    Assignment and Assumption; Consent.    

        1.1    Assignment and Assumption.    The Company hereby assigns to Parent all of the Company's right, title and
interest in and to the Existing Warrant Agreement (as amended hereby) as of the Effective Time. Parent hereby assumes, and agrees to pay, perform, satisfy and discharge in full, as the same become
due, all of the Company's liabilities and obligations under the Existing Warrant Agreement (as amended hereby) arising from and after the Effective Time. 

        1.2    Consent.    The Warrant Agent hereby consents to the assignment of the Existing Warrant Agreement by the
Company to Parent pursuant to Section 1.1 hereof effective as of the Effective Time, and the assumption of the Existing Warrant Agreement by Parent from the Company pursuant to
Section 1.1 hereof effective as of the Effective Time, and to the continuation of the Existing Warrant Agreement in full force and effect from and after the Effective Time, subject at all times
to the Existing Warrant Agreement (as amended hereby) and to all of the provisions, covenants, agreements, terms and conditions of the Existing Warrant Agreement and this Agreement. 

        2.    Amendment of Existing Warrant Agreement.    The Company, Parent and the Warrant Agent hereby amend the Existing
Warrant Agreement as provided in this Section 2, effective as of the Effective Time. 

        2.1    Preamble.    The preamble to the Existing Warrant Agreement is hereby amended by deleting "Azteca Acquisition
Corporation" and replacing it with "Hemisphere Media Group, Inc." As a result thereof, all references to the "Company" in the Existing Warrant Agreement shall be references Hemisphere Media
Group, Inc. rather than Azteca Acquisition Corporation. 

        2.2    Recitals.    The recitals in the Existing Warrant Agreement are hereby deleted and replaced in their entirety
as follows. 

        "WHEREAS,
Azteca Acquisition Corporation ("Azteca Acquisition") has entered into that certain Sponsor Warrants Purchase Agreement, dated
April 21, 2011, as amended by that certain Amendment No. 1 to the Sponsor Warrants Purchase Agreement, dated June 28, 2011 (as amended, the "Sponsor  

2

 

 Warrants Purchase Agreement"), with Azteca Acquisition Holdings, LLC (the "Sponsor") pursuant to which the Sponsor
purchased an aggregate of 4,666,667 warrants of Azteca Acquisition, bearing the legend set forth in Exhibit B hereto (the "Sponsor Warrants"),
sold to the Sponsor simultaneously with the closing of the Offering (as defined below); and 

        WHEREAS,
on March 6, 2012, the Sponsor transferred 4,666,667 Sponsor Warrants to Brener International Group, LLC ("BIG") and
on December 7, 2012, BIG transferred 311,111 Sponsor Warrants to Clive Fleissig and 311,111 Sponsor Warrants to Juan Pablo Alban; and 

        WHEREAS,
Azteca Acquisition, the Company, BIG, Clive Fleissig, Juan Pablo Alban, John Engelman, Alfredo E. Ayub, InterMedia Partners VII, L.P., InterMedia Cine Latino, LLC,
Cinema Aeropuerto, S.A. de C.V. and James M. McNamara are parties to that certain Equity Restructuring and Warrant Purchase Agreement, dated January 22, 2013 (the
"Equity Restructuring and Warrant Purchase Agreement"), pursuant to which BIG, Mr. Fleissig and Mr. Alban contributed an aggregate of
2,333,334 Sponsor Warrants to Azteca Acquisition (which Sponsor Warrants were cancelled by Azteca Acquisition); 

        WHEREAS,
pursuant to the Equity Restructuring and Warrant Purchase Agreement, the Company issued an aggregate of 2,333,334 warrants with substantially the same terms as the Public
Warrants (as defined below) to InterMedia Partners VII, L.P., InterMedia Cine Latino, LLC, Cinema Aeropuerto, S.A. de C.V. and James M. McNamara (collectively, the
"Investor Warrants"); and 

        WHEREAS,
on July 6, 2011, Azteca Acquisition consummated its initial public offering (the "Offering") of units of Azteca
Acquisition's equity securities, each such unit comprised of one share of Azteca Acquisition Common Stock (as defined below) and one Public Warrant (as defined below) (the
"Units") and, in connection therewith, issued and delivered 10,000,000 warrants to public investors in the Offering (the "Public
Warrants" and, together with the Sponsor Warrants and the Investor Warrants, the "Warrants"), each such Warrant evidencing the
right of the holder thereof to purchase one share of common stock of Azteca Acquisition, $.0001 par value per share ("Azteca Acquisition Common Stock"),
for $12.00 per share, subject to adjustment as described herein; and 

        WHEREAS,
Azteca Acquisition has filed with the Securities and Exchange Commission (the "Commission") a registration statement on
Form S-1, No. 333-173687 (the "Registration Statement") and prospectus (the
"Prospectus"), for the registration, under the Securities Act of 1933, as amended (the "Securities
Act"), of the Units, the Public Warrants and Azteca Acquisition Common Stock included in the Units; and 

        WHEREAS,
on [    •    ], 2013, Azteca Acquisition, the Company and the Warrant Agent entered into an Assignment, Assumption and
Amendment of Warrant Agreement (the "Warrant Assumption Agreement"), pursuant to which Azteca Acquisition assigned this Agreement to the Company and the
Company assumed this Agreement from Azteca Acquisition; and 

        WHEREAS,
Azteca Acquisition, the Company, Hemisphere Merger Sub I, LLC, a Delaware limited liability company and an indirect wholly-owned subsidiary of the Company
("IM Merger Sub"), Hemisphere Merger Sub III, Inc., a Delaware corporation and an indirect wholly-owned subsidiary of the Company
("Cinelatino Merger Sub"), Hemisphere Merger Sub II, Inc., a Delaware corporation and an indirect wholly-owned subsidiary of the Company
("Azteca Merger Sub" and, together with IM Merger Sub and Cinelatino Merger Sub, the "Merger
Subsidiaries"), InterMedia Español Holdings, LLC, a Delaware limited liability company ("IM") and Cine
Latino, Inc., a Delaware corporation ("Cinelatino"), are parties to that certain Agreement and Plan of Merger, dated as of January 22,
2013 (as amended from time to time, the "Merger Agreement") pursuant to which, among other things, each share of Azteca Acquisition Common Stock (other
than (x) any shares of Azteca Acquisition Common Stock held by Azteca Acquisition as treasury stock, (y) any shares of Azteca Acquisition Common Stock redeemed pursuant to the redemption
provisions of the Azteca Charter (as 

3

 

defined
in the Merger Agreement) and (z) Dissenting Shares (as defined in the Merger Agreement)) will be automatically converted into and will thereafter represent the right to receive one
validly issued, fully paid and non-assessable share of Class A common stock, par value $0.0001 per share, of the Company ("Company Class A Common
Stock"); and 

        WHEREAS,
pursuant to the Merger Agreement and Section 4.4 of this Agreement, each Warrant has been converted into the right to purchase one-half share of Company
Class A Common Stock rather than one-half share of Azteca Acquisition Common Stock (in each case, after giving effect to the Warrant Amendment described in the Merger Agreement and
approved by the holders of Public Warrants pursuant to Section 9.8 of this Agreement); and 

        WHEREAS,
the Company desires the Warrant Agent to act on behalf of the Company, and the Warrant Agent is willing to so act, in connection with the issuance, registration, transfer,
exchange, redemption and exercise of the Warrants; and 

        WHEREAS,
the Company desires to provide for the form and provisions of the Warrants, the terms upon which they shall be issued and exercised, and the respective rights, limitation of
rights, and immunities of the Company, the Warrant Agent, and the holders of the Warrants; and 

        WHEREAS,
all acts and things have been done and performed which are necessary to make the Warrants, when executed on behalf of the Company and countersigned by or on behalf of the
Warrant Agent, as provided herein, the valid, binding and legal obligations of the Company, and to authorize the execution and delivery of this Agreement. 

        NOW,
THEREFORE, in consideration of the mutual agreements contained herein and other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, and
intending to be legally bound hereby, the parties hereto agree as follows:" 

        2.3    Detachability of Warrants.    Section 2.4 of the Existing Warrant Agreement is hereby deleted and
replaced with the following: 

        "[INTENTIONALLY
OMITTED.]" 

        2.4    Warrant Price.    Section 3.1 of the Existing Warrant Agreement is hereby deleted and replaced with the
following: 

        "3.1    Warrant
Price.    Each Warrant shall, when countersigned by the Warrant Agent, entitle the Registered Holder thereof, subject to the provisions of such
Warrant and of this Warrant Agreement, to purchase from the Company one-half of the number of shares of Common Stock stated therein, at the price of $6.00 per half share, subject to the
adjustments provided in Section 4 hereof and in the last sentence of this Section 3.1. The term "Warrant Price" as used in this Warrant Agreement shall mean the price per half a share at
which Common Stock may be purchased at the time a Warrant is exercised. The Company in its sole discretion may lower the Warrant Price at any time prior to the Expiration Date (as defined below) for a
period of not less than twenty (20) Business Days, provided, that the Company shall provide at least twenty (20) days prior written notice
of such reduction to Registered Holders of the Warrants and, provided further that any such reduction shall be identical among all of the Warrants." 

        2.5    Duration of Warrants.    The first sentence of Section 3.2 of the Existing Warrant Agreement is hereby
deleted and replaced with the following: 

        "A
Warrant may be exercised only during the period (the "Exercise Period") commencing on the date that is thirty (30) days after
the consummation of the transactions contemplated by the Merger Agreement (a "Business Combination"), and terminating at 5:00 p.m., New York City
time on the earlier to occur of: (x) the date that is five (5) years after the date on which 

4

 

the
Company completes the Business Combination, (y) the liquidation of the Company, or (z) other than with respect to the Sponsor Warrants, the Redemption Date (as defined below) as
provided in Section 6.2 hereof (the "Expiration Date"); provided, however, that the exercise of
any Warrant shall be subject to the satisfaction of any applicable conditions, as set forth in subsection 3.3.2 below with respect to an effective registration statement." 

        2.6    Issuance of Shares of Common Stock on Exercise.    The last sentence of Section 3.3.2 of the Existing
Warrant Agreement is hereby deleted and replaced with the following: 

        "Subject
to Section 4.6 of this Agreement, a Registered Holder of Warrants may exercise its Warrants only for a whole number of shares of Common Stock (i.e., only an even
number of Warrants may be exercised at any given time by a Registered Holder). In no event will the Company be required to net cash settle the Warrant exercise." 

        2.7    Replacement of Securities Upon Reorganization, etc.    Section 4.4 of the Existing Warrant Agreement is
hereby amended to delete the following language: 

        "provided further, however, that if more than 30% of the consideration receivable by the holders of the Common Stock in the applicable
event is payable in the form of common stock in the successor entity that is not listed for trading on a national securities exchange or on the OTC Bulletin Board, or is not to be so listed for
trading immediately following such event, then the Warrant Price shall be reduced by an amount (in dollars) equal to the quotient of (x) $18.00 (subject to adjustment in accordance with
Section 6.1 hereof) minus the Per Share Consideration (as defined below) (but in no event, less than zero), and (y) if the applicable event is announced on or prior to the third
anniversary of the closing date of the initial Business Combination, 2; if the applicable event is announced after the third anniversary of the closing date of the initial Business Combination and on
or prior to the fourth anniversary of the closing date of the initial Business Combination, 2.5; if the applicable event is announced after the fourth anniversary of the closing date of the initial
Business Combination and on or prior to the Expiration Date, 3. "Per Share Consideration" means (i) if the consideration paid to holders of the
Common Stock consists exclusively of cash, the amount of such cash per share of Common Stock, and (ii) in all other cases, the volume weighted average price of the Common Stock as reported
during the ten (10) trading day period ending on the trading day prior to the effective date of the applicable event. If any reclassification or reorganization also results in a change in
Common Stock covered by subsection 4.1.1, then such adjustment shall be made pursuant to subsection 4.1.1 or Sections 4.2, 4.3 and this Section 4.4. The provisions of this
Section 4.4 shall similarly apply to successive reclassifications, reorganizations, mergers or consolidations, sales or other transfers." 

        2.8    No Fractional Shares.    Section 4.6 of the Existing Warrant Agreement is hereby amended and restated in
its entirety as follows: 

        "4.6    No Fractional Shares.    Notwithstanding any provision contained in this Warrant Agreement to the contrary,
the Company shall not issue fractional shares upon the exercise of Warrants. If, by reason of any adjustment made pursuant to this Section 4 after the Effective Time (as defined in the Merger
Agreement), the holder of any Warrant would be entitled, upon the exercise of such Warrant (which, for the avoidance of doubt, is required to be exercised only for an even number of Warrants), to
receive a fractional interest in a share, the Company shall, upon such exercise, at its option either (i) round up to the nearest whole number, the number of the shares of Common Stock to be
issued to such holder or (ii) in lieu of such fractional share interests, pay to such holder an amount in cash equal to the product obtained by multiplying (x) the fractional share
interest to which such holder would otherwise be entitled by (y) the Fair Market Value on the exercise date. Solely for purposes of this Section 4.6, "Fair Market Value" shall mean the
average last sale price of the Common Stock 

5

 

for
the ten (10) trading days ending on the trading day prior to the date on which notice of exercise of the Warrant is sent to the Warrant Agent." 

        2.9    Mandatory Cash Distribution.    A new Section 6.5 is added to the Existing Warrant Agreement as follows: 

        "6.5    Mandatory Cash Distribution.    Notwithstanding anything contained in this Agreement to the contrary, at the
Effective Time (as defined in the Merger Agreement), each Warrant issued and outstanding immediately prior to the Effective Time shall, automatically and without any action by the Registered Holder
thereof, be entitled to receive a cash distribution payable by or at the direction of Parent as soon as reasonably practicable following the Effective Time, but no later than three (3) Business
Days following the date on which the Effective Time occurs, in the amount of $0.50." 

        2.10    Registration of Common Stock.    Section 7.4 of the Existing Warrant Amendment is hereby amended and
restated in its entirety as follows: 

        "7.4    Registration of Common Stock.    The Company may, but shall not be required to, file with the Commission a new
registration statement for the registration under the Securities Act of the Common Stock issuable upon exercise of the Warrants. If the Company shall elect to file such new registration statement, it
shall use its commercially reasonable efforts to take such action as is necessary to register or qualify for sale, in those states in which the Warrants were initially offered by the Company, the
Common Stock issuable upon exercise of the Warrants, to the extent an exemption is not available. In such event, the Company shall use its commercially reasonable efforts to cause the same to become
effective and to maintain the effectiveness of such registration statement, and a current prospectus relating thereto, until the earlier of (x) the expiration of the Warrants in accordance with
the provisions of this Agreement and (y) the date the Company shall determine to suspend such effectiveness or withdraw such registration statement. If the Company shall have filed a new
registration statement following the closing of the Business Combination and such registration statement has not been declared effective by the 60th Business Day after the closing of the
Business Combination, holders of the Warrants shall have the right, during the period beginning on the 61st Business Day after the closing of the Business Combination and ending upon such
registration statement being declared effective by the Commission, and during any other period when the Company shall otherwise not have an effective registration statement covering the Common Stock
issuable upon exercise of the Warrants, to exercise such Warrants on a "cashless basis," as provided below. If the Company shall not have filed a new registration statement within 30 days
following the closing of the Business Combination, holders of the Warrants shall have the right, beginning on the 31st day following the closing of the Business Combination, to exercise such
Warrants on a "cashless basis," as provided below. Holders may exercise
warrants on a "cashless basis" by exchanging the Warrants (in accordance with Section 3(a)(9) of the Act or another exemption) for that number of shares of Common Stock equal to the quotient
obtained by dividing (x) the product of the number of shares of Common Stock underlying the Warrants, multiplied by the difference between the Warrant Price and the Fair Market Value (as
defined below) by (y) the Fair Market Value. Solely for purposes of this Section 7.4, "Fair Market Value" shall mean the volume weighted
average price of the Common Stock as reported during the ten trading day period ending on the trading day prior to the date that notice of exercise is received by the Warrant Agent from the holder of
such Warrants or its securities broker or intermediary. The date that notice of cashless exercise is received by the Warrant Agent shall be conclusively determined by the Warrant Agent. The Company
shall provide the Warrant Agent with an opinion of counsel for the Company (which shall be an outside law firm with securities law experience) stating that (i) the exercise of the Warrants on a
cashless basis in accordance with this Section 7.4 is not 

6

 

required
to be registered under the Securities Act and (ii) the Common Stock issued upon such exercise shall be freely tradable under the United States federal securities laws by anyone who is
not an affiliate (as such term is defined in Rule 144 under the Securities Act) of the Company and , accordingly, shall not be required to bear a restrictive legend. If, by reason of any
exercise of warrants on a "cashless basis", the holder of any Warrant would be entitled, upon the exercise of such Warrant (which, for the avoidance of doubt, is required to be exercised only for an
even number of Warrants), to receive a fractional interest in a share, the Company shall, upon such exercise, at its option either (i) round up to the nearest whole number, the number of the
shares of Common Stock to be issued to such holder or (ii) in lieu of such fractional share interests, pay to such holder an amount in cash equal to the product obtained by multiplying
(x) the fractional share interest to which such holder would otherwise be entitled by (y) the Fair Market Value on the exercise date." 

        3.    Miscellaneous Provisions.    

        3.1    Effectiveness of Warrant.    Each of the parties hereto acknowledges and agrees that the effectiveness of this
Agreement shall be expressly subject to the occurrence of the Azteca Merger (as defined in the Merger Agreement) and shall automatically be terminated and shall be null and void if the Merger
Agreement shall be terminated for any reason. 

        3.2    Successors.    All the covenants and provisions of this Agreement by or for the benefit of the Company, Parent
or the Warrant Agent shall bind and inure to the benefit of their respective successors and assigns. 

        3.3    Applicable Law.    The validity, interpretation, and performance of this Agreement and of the Warrants shall be
governed in all respects by the laws of the State of New York, without giving effect to conflicts of law principles that would result in the application of the substantive laws of another
jurisdiction. The Company hereby agrees that any action, proceeding or claim against it arising out of or relating in any way to this Agreement shall be brought and enforced in the courts of the State
of New York or the United States District Court for the Southern District of New York, and irrevocably submits to such jurisdiction, which jurisdiction shall be exclusive. The Company hereby waives
any objection to such exclusive jurisdiction and that such courts represent an inconvenient forum. 

        3.4    Counterparts.    This Agreement may be executed in any number of original or facsimile counterparts and each of
such counterparts shall for all purposes be deemed to be an original, and all such counterparts shall together constitute but one and the same instrument. 

        3.5    Effect of Headings.    The section headings herein are for convenience only and are not part of this Warrant
Agreement and shall not affect the interpretation thereof. 

        3.6    Severability.    This Warrant Agreement shall be deemed severable, and the invalidity or unenforceability of
any term or provision hereof shall not affect the validity or enforceability of this Warrant Agreement or of any other term or provision hereof. Furthermore, in lieu of any such invalid or
unenforceable term or provision, the parties hereto intend that there shall be added as a part of this Warrant Agreement a provision as similar in terms to such invalid or unenforceable provision as
may be possible and be valid and enforceable. 

        3.7    Entire Agreement.    The Existing Warrant Agreement, as modified by this Agreement, constitutes the entire
understanding of the parties and supersedes all prior agreements, understandings, arrangements, promises and commitments, whether written or oral, express or implied, relating to the subject matter
hereof, and all such prior agreements, understandings, arrangements, promises and commitments are hereby canceled and terminated. 

[Signature
page follows] 

7

 

        IN WITNESS WHEREOF, the parties hereto have caused this Agreement to be duly executed as of the date first above written. 

 

							
	 	 	AZTECA ACQUISITION CORPORATION
	

 	
 	
  By:	
 	
  

 
	 	 	 	 	Name:	 	 
	 	 	 	 	Title:	 	 
	

 	
 	
HEMISPHERE MEDIA GROUP, INC.
	

 	
 	
  By:	
 	
  

 
	 	 	 	 	Name:	 	 
	 	 	 	 	Title:	 	 
	

 	
 	
 CONTINENTAL STOCK TRANSFER & TRUST

COMPANY, as Warrant Agent
	

 	
 	
  By:	
 	
 

 
	 	 	 	 	Name:	 	 
	 	 	 	 	Title:	 	 

 

 [Signature Page to Assignment, Assumption and Amendment of Warrant Agreement]  

QuickLinks

Exhibit 4.1

ASSIGNMENT, ASSUMPTION AND AMENDMENT OF WARRANT AGREEMENTQuickLinks
 -- Click here to rapidly navigate through this document

 

 
 

  Exhibit 10.1    
    

 
    EXECUTION COPY    
    

 
    SUPPORT AGREEMENT    
    

        SUPPORT AGREEMENT, dated as January 22, 2013 (this "Agreement"), among Azteca
Acquisition Corporation, a Delaware corporation ("Azteca"), Hemisphere Media Group, Inc., a Delaware corporation and an indirect wholly-owned
subsidiary of Cine (as defined below) ("Parent"), Azteca Acquisition Holdings, LLC, a Delaware limited liability company
("Sponsor"), Clive Fleissig, an individual ("Fleissig"), Juan Pablo Albán, an individual
("Albán"; and together with Sponsor and Fleissig, the "Azteca Stockholders"), Brener
International Group, LLC, a Delaware limited liability company ("BIG"), InterMedia Partners VII, L.P., a Delaware limited partnership
("IMP"), InterMedia Cine Latino, LLC, a Delaware limited liability company ("IMCL"), Cinema
Aeropuerto, S.A. de C.V., a Mexican sociedad anónima de capital variable ("Cinema
Aeropuerto"), and James McNamara, an individual ("McNamara"; and, collectively with IMP, IMCL and Cinema Aeropuerto, the
"Sellers"). 

        WHEREAS,
as of the date hereof, (a) Sponsor owns 2,080,000 shares (the "Sponsor Shares") of common stock, par value $0.0001 per
share, of Azteca ("Azteca Common Stock"), (b) Fleissig owns
160,000 shares of Azteca Common Stock (the "Fleissig Shares") and (c) Albán owns 160,000 shares of Azteca Common Stock (the
"Albán Shares" and, collectively with the Sponsor Shares and the Fleissig Shares, the "Azteca
Shares"); 

        WHEREAS,
as of the date hereof, (a) BIG owns 4,044,445 Sponsor Warrants (the "BIG Warrants"), (b) Fleissig owns 311,111
Sponsor Warrants (the "Fleissig Warrants") and (c) Albán owns 311,111 Sponsor Warrants (the
"Albán Warrants"); 

        WHEREAS,
as of the date hereof, IMP owns all of the issued and outstanding membership interests (the "IM Membership Interests") of
InterMedia Español Holdings, LLC, a Delaware limited liability company ("IM"); 

        WHEREAS,
as of the date hereof, (a) IMCL owns 1,425,000 shares (the "IMCL Shares") of common stock, par value $.01 per share
("Cine Common Stock"), of Cine Latino, Inc., a Delaware corporation ("Cine"), (b) Cinema
Aeropuerto owns 1,425,000 shares (the "Cinema Aeropuerto Shares") of Cine Common Stock and (c) McNamara owns 150,000 shares (the
"McNamara Shares"; and collectively with the Cinema Aeropuerto Shares and the IMCL Shares, the "Cine
Shares") of Cine Common Stock; and 

        WHEREAS,
Azteca, Parent, IM, Cine and certain others propose to enter into, simultaneously herewith, an Agreement and Plan of Merger (the "Merger
Agreement"; terms used but not defined in this Agreement shall have the meanings ascribed to them in the Merger Agreement), a draft of which has been made available to each
party hereto. 

        NOW,
THEREFORE, in consideration of the foregoing and of the mutual covenants and agreements contained herein and in the Merger Agreement, and intending to be legally bound hereby, the
parties hereto hereby agree as follows: 

        1.    Agreement to Vote or Execute Written Consents.    

        (a)   The
Azteca Stockholders hereby agree (and agree to execute such documents or certificates evidencing such agreement as IM or Cine may reasonably request) to vote, at any
meeting of the stockholders of Azteca, and in any action by written consent of the stockholders of Azteca, all of the Azteca Shares (i) in favor of the approval and adoption of the Merger
Agreement and approval of the Azteca Merger and all other transactions contemplated by the Merger Agreement and this Agreement, (ii) without limitation of the preceding clause (i), in
favor of any proposal to adjourn or postpone any meeting of the stockholders of Azteca at which the matters described in the preceding clause (i) are submitted for the consideration and vote of
the stockholders of Azteca to a later date if there are not sufficient votes for approval of such matters on the date on which the meeting is held, (iii) against any action, agreement or
transaction (other 

 

than
the Merger Agreement or the transactions contemplated thereby) or proposal (including any Alternative Proposal) that would result in a breach of any covenant, representation or warranty or any
other obligation or agreement of Azteca under the Merger Agreement or that could result in any of the conditions to the Company's obligations under the Merger Agreement not being fulfilled, and
(iv) in favor of any other matter necessary to effect the consummation of the transactions contemplated by the Merger Agreement and considered and voted upon by the stockholders of Azteca. 

        (b)   To
the fullest extent permitted by applicable Law, the Azteca Stockholders, severally and not jointly and severally, hereby waive any rights of appraisal or rights to
dissent from the Azteca Merger that they may have under applicable Law. 

        (c)   The
Azteca Stockholders, severally and not jointly and severally, hereby revoke (or cause to be revoked) any and all previous voting proxies granted with respect to the
voting of any of the Azteca Shares. 

        (d)   IMP
hereby agrees, in its capacity as sole member of IM, to, immediately after the execution and delivery of the Merger Agreement, deliver a written consent approving
the Merger Agreement and the consummation of the transactions contemplated thereby, including the IM Merger, and not to withdraw such written consent unless and until the Merger Agreement shall be
terminated in accordance with its terms. 

        (e)   IMCL,
Cinema Aeropuerto and McNamara, severally and not jointly and severally, each agrees, in its capacity as a stockholder of Cine, to, immediately after the execution
and delivery of the Merger Agreement, deliver a unanimous written consent approving the Merger Agreement and the consummation of the transactions contemplated thereby, including the Cine Merger, and
not to withdraw such written consent unless and until the Merger Agreement shall be terminated in accordance with its terms. 

        (f)    Parent
agrees, in its capacity as sole member of Hemisphere Media Holdings, LLC ("Holdco"), to cause Holdco, in
its capacity as sole member of Hemisphere Merger Sub I, LLC and sole stockholder of Hemisphere Merger Sub II, Inc. and Hemisphere Merger Sub III, Inc. to, immediately after the
execution and delivery of the Merger Agreement, deliver a written consent approving the Merger Agreement and the consummation of the transactions contemplated thereby, including the Azteca Merger, the
IM Merger and the Cine Merger and not to withdraw such written consent unless and until the Merger Agreement shall be terminated in accordance with its terms. 

        (g)   Each
of BIG, Fleissig and Albán, severally and not jointly and severally, hereby irrevocably consent and agree to the Warrant Amendment. 

        (h)   Each
of IMP, Cinema Aeropuerto and Sponsor, severally and not jointly and severally, agree that at least one designee named by such person to be a director on the Board
of Directors of Parent in accordance with Section 1.6(d) of the Merger Agreement shall qualify as 'independent' under NASDAQ rules and willing and able to serve on the audit committee of the
Board. 

        2.    Transfer.    Each of the Azteca Stockholders and the Sellers, severally and not jointly and severally, agrees
that it shall not, directly or indirectly, (a) sell, assign, transfer (including by operation of Law), incur any lien, pledge, dispose of or otherwise encumber (each, a
"Transfer") any of the Azteca Shares, the IM Membership Interests or the Cine Shares, as applicable, or otherwise agree to do any of the foregoing,
(b) deposit any Azteca Shares, the IM Membership Interests or the Cine Shares into a voting trust or enter into a voting agreement or arrangement or grant any proxy or power of attorney with
respect thereto that is inconsistent with this Agreement, (c) enter into any contract, option or other arrangement or undertaking with respect to the direct or indirect acquisition or sale, 

2

 

assignment,
transfer (including by operation of Law) or other disposition of any Azteca Shares, the IM Membership Interests or the Cine Shares or (d) take any action that would make any
representation or warranty of such party herein untrue or incorrect in any material respect or have the effect of preventing or disabling such party from performing its obligations hereunder;  provided,
however, such restrictions shall not be applicable to a Transfer of any of the Azteca Shares,
the IM Membership Interests or the Cine Shares (or any interest therein), as applicable: (A) if such transferor is an individual, (i) to any member of such transferor's immediate family,
(ii) to a trust for the benefit of such transferor or any such transferor's immediate family or (iii) upon such transferor's death, (B) if such transferor is an entity, to one or
more partners, members, stockholders or other equity owners of such transferor or to an affiliated entity under common control with such transferor or (C) for philanthropic purposes;  provided,
further, that in the case of clauses (A), (B) and (C), a Transfer pursuant to
this Section 2 shall be permitted only if, as a precondition to such Transfer, the transferee agrees in a writing, reasonably satisfactory in form and substance to Azteca, to be bound by all of
the terms of this Agreement (including, without limitation, making the same representations and warranties as specified below). 

        3.    Sponsor Working Capital Loans.    The Sponsor shall loan Azteca such funds as may be necessary to fund working
capital of Azteca in an amount not to exceed $250,0000, which loan shall be repaid by Azteca or Parent at or prior to the Closing of the Transactions. Such loan shall not bear interest and shall be
evidenced by a promissory note of Azteca in substantially the same form as the promissory note delivered by Azteca to the Sponsor dated April 20, 2011. 

        4.    Further Actions.    Each of the parties to this Agreement agrees to use its reasonable best efforts to take, or
cause to be taken, all actions, and to do, or cause to be done, and to assist and cooperate with the other parties to this Agreement in doing, all things necessary, proper or advisable to consummate
and make effective, in the most expeditious manner practicable, the Transaction and to cause the conditions set forth in Article VII of the Merger Agreement to be satisfied as promptly as
practicable. 

        5.    Representations and Warranties of the Azteca Stockholders and BIG.    Each of the Azteca Stockholders and BIG,
severally and not jointly and severally, represents and warrants to each Seller as follows (such representations and warranties shall be deemed to be made only by the person making such
representations and warranties): 

        (a)   Each
of Sponsor and BIG is a limited liability company duly formed, validly existing and in good standing under the laws of the state of its organization. Each of
Sponsor and BIG has all requisite organizational power and authority to own, lease and operate its properties and carry on its business as presently owned or conducted, except where the failure to be
so organized, existing and in good standing or to have such power or authority would not, individually or in the aggregate, reasonably be expected to materially impair Sponsor's or BIG's ability to
perform its obligations under this Agreement. 

        (b)   Each
Azteca Stockholder and BIG has full requisite authority and power to execute, deliver and perform this Agreement and to consummate the transactions contemplated
hereby. The execution of this Agreement and the consummation of the transactions contemplated hereby have been duly and validly authorized by all required action on the part of each Azteca Stockholder
and BIG and no other proceedings on the part of each Azteca Stockholder or BIG are necessary to authorize this Agreement and the consummation of the transactions contemplated hereby. This Agreement
has been duly executed and delivered by each Azteca Stockholder and BIG and, assuming that this Agreement constitutes the legal, valid and binding obligation of the other parties hereto, constitutes
the legal, valid and binding obligation of each Azteca Stockholder and BIG, enforceable against each Azteca Stockholder and BIG in accordance with its terms, except to the extent that the
enforceability thereof may be limited by (i) applicable bankruptcy, 

3

 

insolvency,
fraudulent conveyance, reorganization, moratorium or similar laws from time to time in effect affecting generally the enforcement of creditors' rights and remedies; and (ii) general
principles of equity. 

        (c)   The
execution and delivery of this Agreement and the consummation of the transactions contemplated hereby by each Azteca Stockholder and BIG and the performance by each
Azteca Stockholder and BIG of its obligations hereunder (i) does not result in any violation of the organizational documents of Sponsor and BIG; (ii) does not conflict with, or result in
a breach of any of the terms or provisions of, or constitute a default under any material Contract to which each Azteca Stockholder or BIG is a party, or by which each Azteca Stockholder or BIG or any
of its properties is bound and (iii) does not violate in any material respect any existing applicable law, rule, regulation, judgment, order or decree of any Governmental Authority having
jurisdiction over each Azteca Stockholder or BIG; provided, however, that no representation or warranty
is made in the foregoing clauses (ii) or (iii) with respect to matters that would not, individually or in the aggregate, reasonably be expected to materially impair each Azteca
Stockholder or BIG's ability to perform its obligations under this Agreement. 

        (d)   Except
for applicable requirements of Competition Laws and the Communications Act, no authorization or approval or other action by, and no notice to or filing with, any
Governmental Authority will be required to be obtained or made by each Azteca Stockholder or BIG in connection with the due execution, delivery and performance by each Azteca Stockholder or BIG of
this Agreement and the consummation by each Azteca Stockholder or BIG of the transactions contemplated hereby; provided,  however, that no representation
and warranty is made with respect to authorizations, approvals, notices or filings with any Governmental Authority that,
if not obtained or made, would not, individually or in the aggregate, reasonably be expected to materially impair each Azteca Stockholder or BIG's ability to perform its obligations under this
Agreement. 

        (e)   Sponsor
holds, beneficially and of record, good, valid and marketable title to the Sponsor Shares, free and clear of all Encumbrances, other than (1) Permitted
Encumbrances set forth in clause (viii) of the definition of Permitted Encumbrances and (2) the transfer restrictions described in each of (x) the Letter Agreement delivered to
Azteca by Sponsor (and each of its members), Fleissig, Alban, John Engelman and Alfredo E. Ayub dated June 29, 2011 (the "Letter Agreement") and
(y) the Securities Purchase Agreement among Azteca and Sponsor (and any transferees of Sponsor agreeing to be bound by the restrictions set forth therein) dated April 15, 2011 (as
amended, the "Securities Purchase Agreement", and together with Letter Agreement, the "Existing Lock Up
Agreements"). 

        (f)    Fleissig
holds, beneficially and of record, good, valid and marketable title to the Fleissig Shares and Fleissig Warrants, free and clear of all Encumbrances, other than
(1) Permitted Encumbrances set forth in clause (viii) of the definition of Permitted Encumbrances and (2) the transfer restrictions described in the Existing Lock Up Agreements. 

        (g)   Albán
holds, beneficially and of record, good, valid and marketable title to the Albán Shares and Albán Warrants, free and
clear of all Encumbrances, other than (1) Permitted Encumbrances set forth in clause (viii) of the definition of Permitted Encumbrances and (2) the transfer restrictions described
in the Existing Lock Up Agreements. 

        (h)   BIG
holds, beneficially and of record, good, valid and marketable title to the BIG Warrants, free and clear of all Encumbrances, other than (1) Permitted
Encumbrances set forth in clause (viii) of the definition of Permitted Encumbrances and (2) the transfer restrictions described in the Existing Lock Up Agreements. 

        (i)    Sponsor
has sufficient funds available to comply with its obligations under Section 3 of this Agreement. 

4

 

        6.    Representations and Warranties of each Seller.    Each Seller, severally and not jointly and severally,
represents and warrants to Azteca as follows (such representations and warranties shall be deemed to be made only by the person making such representations and warranties): 

        (a)   Such
Seller (other than McNamara) is duly formed, validly existing and, to the extent applicable under the laws of the corresponding jurisdiction, in good standing under
the laws of the jurisdiction of its organization. Such Seller (other than McNamara) has all requisite organizational power and authority to own, lease and operate its properties and carry on its
business as presently owned or conducted, except where the failure to be so organized, existing and in good standing or to have such power or authority would not, individually or in the aggregate,
reasonably be expected to materially impair such Seller's ability to perform its obligations under this Agreement. 

        (b)   Such
Seller has full requisite authority and power to execute, deliver and perform this Agreement and to consummate the transactions contemplated hereby. The execution
of this Agreement and the consummation of the transactions contemplated hereby have been duly and validly authorized by all required action on the part of such Seller, to the extent required under
applicable law or such Seller's organizational documents, and no other proceedings on the part of such Seller are necessary to
authorize this Agreement and the consummation of the transactions contemplated hereby. This Agreement has been duly executed and delivered by such Seller and, assuming that this Agreement constitutes
the legal, valid and binding obligation of the other parties hereto, constitutes the legal, valid and binding obligation of such Seller, enforceable against such Seller in accordance with its terms,
except to the extent that the enforceability thereof may be limited by (i) applicable bankruptcy, insolvency, fraudulent conveyance, reorganization, moratorium or similar laws from time to time
in effect affecting generally the enforcement of creditors' rights and remedies; and (ii) general principles of equity. 

        (c)   The
execution and delivery of this Agreement and the consummation of the transactions contemplated hereby by such Seller and the performance by such Seller of its
obligations hereunder (i) does not result in any violation of the organizational documents of such Seller (other than McNamara); (ii) does not conflict with, or result in a breach of any
of the terms or provisions of, or constitute a default under any material Contract to which such Seller is a party, or by which such Seller or any of its properties is bound and (iii) does not
violate in any material respect any existing applicable law, rule, regulation, judgment, order or decree of any Governmental Authority having jurisdiction over such Seller;  provided, however, that no representation or warranty is made in the foregoing clauses (ii) or
(iii) with respect to matters that would not, individually or in the aggregate, reasonably be expected to materially impair such Seller's ability to perform its obligations under this
Agreement. 

        (d)   Except
for applicable requirements of Competition Laws and the Communications Act, no authorization or approval or other action by, and no notice to or filing with, any
Governmental Authority will be required to be obtained or made by such Seller in connection with the due execution, delivery and performance by such Seller of this Agreement and the consummation by
such Seller of the transactions contemplated hereby; provided, however, that no representation and
warranty is made with respect to authorizations, approvals, notices or filings with any Governmental Authority that, if not obtained or made, would not, individually or in the aggregate, reasonably be
expected to materially impair such Seller's ability to perform its obligations under this Agreement. 

        (e)   IMCL
holds, beneficially and of record, good, valid and marketable title to the IMCL Shares, free and clear of all Encumbrances, other than (1) Permitted
Encumbrances set forth in clause (ix) of the definition of Permitted Encumbrances, all of which will be released as of the Closing, (2) Permitted Encumbrances set forth in
clause (viii) of the definition of Permitted Encumbrances and (3) Encumbrances under Article VI of the First Amended and Restated Stockholders Agreement of Cine
Latino, Inc., dated as of May 1, 2008 (the "Cine Stockholders Agreement"), all of which will be released as of the Closing. 

5

 

 

        (f)    Cinema
Aeropuerto holds, beneficially and of record, good, valid and marketable title to the Cinema Aeropuerto Shares, free and clear of all Encumbrances, other than
(1) Permitted Encumbrances set forth in clause (ix) of the definition of Permitted Encumbrances, all of which will be released as of the Closing, (2) Permitted Encumbrances set
forth in clause (viii) of the definition of Permitted Encumbrances and (3) Encumbrances under Article VI of the Cine Stockholders Agreement, all of which will be released as of
the Closing. 

        (g)   McNamara
holds, beneficially and of record, good, valid and marketable title to the McNamara Shares, free and clear of all Encumbrances, other than (1) Permitted
Encumbrances set forth in clause (ix) of the definition of Encumbrances, all of which will be released as of the Closing, (2) Permitted Encumbrances set forth in clause (viii) of
the definition of Permitted Encumbrances and (3) Encumbrances under Article VI of the Cine Stockholders Agreement, all of which will be released as of the Closing. 

        (h)   IMP
is the sole member of IM and holds, beneficially and of record, good, valid and marketable title to all of the authorized, issued and outstanding limited liability
company interests of IM, free and clear of all Encumbrances, other than Permitted Encumbrances set forth in (1) clause (ix) of the definition of Permitted Encumbrances, all of which will
be released as of the Closing and (2) clause (viii) of the definition of Permitted Encumbrances. 

        (i)    Such
Seller is acquiring the IM Merger Consideration or the Cine Merger Consideration, as applicable, for the such Seller's own account for investment purposes only and
not with a view to or for the resale, distribution, subdivision or fractionalization thereof. 

        (j)    By
reason of its or his business or financial experience, such Seller has the capacity to protect its own interest in connection with the transactions contemplated by
the Merger Agreement, is able to
evaluate and bear the risks of an investment in Parent, and can afford a complete loss of such investment. 

        (k)   Such
Seller is aware of Parent's business affairs and financial condition and has acquired sufficient information about Parent and the transactions contemplated by this
Agreement to reach an informed and knowledgeable decision to acquire an interest in Parent. During the negotiation of the transactions contemplated hereby, such Seller and its representatives have
been afforded full and free access to corporate books, financial statements, records, contracts, documents, and other information concerning Azteca and Parent and the transactions contemplated by this
Agreement, have been afforded an opportunity to ask such questions of Azteca's and Parent's officers and employees concerning Azteca's and Parent's business, operations, financial condition, assets,
liabilities and other relevant matters and they have deemed necessary or desirable, and have been given all such information as has been requested, in order to evaluate the merits and risks of the
investment contemplated herein. 

        (m)  Such
Seller acknowledges that the shares of Parent Class B Common Stock have not been registered under the Securities Act, or any state securities laws, inasmuch
as they are being acquired in a transaction not involving a public offering and, under such laws and subject to the transfer restrictions set forth herein, may not be resold or transferred by such
Seller without appropriate registration or the availability of an exemption from such requirements. In this connection, such Seller represents that it is familiar with SEC Rule 144, as
presently in effect, and understands the resale limitations imposed thereby and by the Securities Act. 

        (n)   Such
Seller is an "Accredited Investor" as that term is defined in Rule 501(a) of Regulation D under the
Securities Act. 

        7.    Termination.    This Agreement and the obligations of parties under this Agreement shall automatically terminate
upon the earliest of (a) the Effective Time and (b) the termination of the Merger Agreement in accordance with its terms. Nothing in this Section 7 shall relieve any party of 

6

 

liability
for any willful and material breach of this Agreement occurring prior to termination. For purposes of this Section 7, a "willful and material breach" shall mean a material breach of
this Agreement that is a consequence of an act undertaken or a failure to act by the breaching party with the knowledge that the taking of such act or a failure to take such act would, or would be
reasonably expected to, result in a material breach of this Agreement. 

        8.    Miscellaneous.    (a) Except as otherwise provided herein, all costs and expenses incurred in connection with
this Agreement and the transactions contemplated hereby shall be paid by the party incurring such costs and expenses, whether or not the transactions contemplated hereby are consummated. 

        (b)   All
notices, requests, claims, demands and other communications under this Agreement shall be in writing and shall be deemed given if delivered personally, sent via
facsimile (receipt confirmed),sent via electronic mail, sent by an internationally recognized overnight courier (providing proof of delivery), or mailed in the United States by certified or registered
mail, postage prepaid, to the parties at the following addresses (or at such other address for a party as shall be specified by like notice): 

        (a)   if
to the Company, Parent or Sponsor, to: 

c/o
Brener International Group, LLC

421 N. Beverly Drive

Suite 300

Beverly Hills, CA 90210

Attention: Mr. Juan Pablo Albán

Fax No: (310) 553-1637

Email: jpalban@brenergroup.com 

with
copies (which shall not constitute notice hereunder) to: 

Greenberg
Traurig, P.A.

401 E. Las Olas Blvd., Suite 2000

Fort Lauderdale, FL 33301

Attention: Donn Beloff, Esq.

Facsimile No.: 954-765-1477

E-mail: beloffd@gtlaw.com 

        (b)   if
to the Sellers, to the address set forth next to each Seller's name on the signature page hereto, with a copy (which shall not constitute notice hereunder) to: 

Paul,
Weiss, Rifkind, Wharton & Garrison LLP

1285 Avenue of the Americas

New York, NY 10019-6064

Fax No: (212) 757-3990

Attention: Jeffrey D. Marell, Esq. and Tracey A. Zaccone, Esq.

Email: jmarell@paulweiss.com and tzaccone@paulweiss.com 

        (c)   If
any term or other provision of this Agreement is held to be invalid, illegal or incapable of being enforced by any rule of Law or public policy by a court of
competent jurisdiction, all other conditions and provisions of this Agreement shall nevertheless remain in full force and effect, insofar as the foregoing can be accomplished without materially
affecting the economic benefits anticipated by the parties to this Agreement. Upon such determination that any term or other provision is invalid, illegal or incapable of being enforced, the parties
hereto shall negotiate in good faith to modify this Agreement so as to effect the original intent of the parties as closely 

7

 

as
possible to the fullest extent permitted by applicable Law in an acceptable manner to the end that the transactions contemplated by this Agreement is fulfilled to the extent possible. 

        (d)   This
Agreement, together with the Merger Agreement, constitute the entire agreement, and supersede all prior agreements and understandings, both written and oral, among
the parties with respect to the subject matter of this Agreement and is not intended to and shall not confer upon any person other than the parties hereto any rights or remedies hereunder. 

        (e)   This
Agreement may be executed in two or more counterparts, each of which when executed shall be deemed to be an original, and all of which together will be considered
one and the same agreement and shall become effective when one or more counterparts have been signed by each of the parties and delivered to the other parties. For purposes of this Agreement,
facsimile signatures or signatures by other electronic form of transfer shall be deemed originals, and the parties agree to exchange original signatures as promptly as possible. 

        (f)    This
Agreement and any claim, controversy or dispute arising under or related thereto, the relationship of the parties, and/or the interpretation and enforcement of the
rights and duties of the parties, whether arising in Law or in equity, in contract, tort or otherwise, shall be governed by, and
construed and interpreted in accordance with, the Laws of the State of Delaware, without regard to its rules regarding conflicts of Law to the extent that the application of the Laws of another
jurisdiction would be required thereby. 

        (g)   Neither
this Agreement nor any of the rights, interests or obligations under this Agreement shall be assigned, in whole or in part, by operation of Law or otherwise by
any of the parties hereto without the prior written consent of the other parties; provided, however, that notwithstanding the foregoing, InterMedia Cine Latino, LLC may assign its interests and
obligations under this Agreement to InterMedia Partners VII, L.P. without the prior written consent of the other parties. Any assignment in violation of the preceding sentence shall be void.
Subject to the preceding two sentences, this Agreement will be binding upon, inure to the benefit of, and be enforceable by, the parties and their respective successors and assigns. 

        (h)   Each
of the parties hereto hereby irrevocably agrees that any legal action or proceeding with respect to this Agreement, or for recognition and enforcement of any
judgment in respect of this Agreement and obligations arising hereunder brought by any other party hereto or its successors or assigns, shall be brought and determined exclusively in the Delaware
Court of Chancery and any state appellate court therefrom within the State of Delaware (or, if the Delaware Court of Chancery declines to accept jurisdiction over a particular matter, any state or
federal court within the State of Delaware). Each of the parties hereto hereby irrevocably submits with regard to any such Action for itself and in respect of its property, generally and
unconditionally, to the personal jurisdiction of the aforesaid courts and agrees that it will not bring any action relating to this Agreement in any court other than the aforesaid courts. Each of the
parties hereto hereby irrevocably waives, and agrees not to assert, by way of motion, as a defense, counterclaim or otherwise, in any action or proceeding with respect to this Agreement,
(a) any claim that it is not personally subject to the jurisdiction of the above-named courts for any reason other than the failure to serve in accordance with this Section 8(h),
(b) any claim that it or its property is exempt or immune from jurisdiction of any such court or from any legal process commenced in such courts (whether through service of notice, attachment
prior to judgment, attachment in aid of execution of judgment, execution of judgment or otherwise) and (c) to the fullest extent permitted by the applicable Law, any claim that (i) the
Action in such court is brought in an inconvenient forum, (ii) the venue of such Action is improper or (iii) this Agreement or the subject matter hereof, may not be enforced in or by
such courts. 

        (i)    Subject
to applicable Law, any provision of this Agreement may be waived. Any agreement on the part of a party to any such waiver shall be valid only if set forth in an 

8

 

instrument
in writing signed on behalf of the party against whom waiver is sought; provided, that any waiver given in compliance with this Section 8(i) or failure to insist on strict compliance
with an obligation, covenant, agreement or condition shall not operate as a waiver of, or estoppel with respect to, any subsequent or other failure. Subject to applicable Law, any of the provisions of
this Agreement may be amended at any time, by the mutual written agreement of the parties. No failure or delay on the part of any party hereto in the exercise of any right hereunder shall impair such
right or be construed to be a waiver of, or acquiescence in, any breach of any representation, warranty or agreement herein, nor shall any single or partial exercise of any such right preclude any
other or further exercise thereof or of any other right. 

        (j)    EACH
OF THE PARTIES HERETO HEREBY IRREVOCABLY WAIVES ALL RIGHT TO TRIAL BY JURY IN ANY ACTION OR COUNTERCLAIM (WHETHER BASED ON CONTRACT, TORT OR OTHERWISE) ARISING OUT
OF OR RELATING TO THIS AGREEMENT OR THE ACTIONS OF THE PARTIES IN THE NEGOTIATION, ADMINISTRATION, PERFORMANCE AND ENFORCEMENT OF THIS AGREEMENT. 

        (k)   The
parties agree that irreparable damage would occur and that the parties would not have any adequate remedy at Law in the event that any of the provisions of this
Agreement were not performed in accordance with their specific terms or were otherwise breached by any party. It is accordingly agreed that the parties shall be entitled to an injunction or
injunctions to prevent breaches and/or threatened breaches of this Agreement and to enforce specifically the terms and provisions of this Agreement in any federal court located in the State of
Delaware or in Delaware state court, this being in addition to any other remedy to which they are entitled to at Law or in equity. 

[Signature
pages follow] 

9

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

 

					
	 	 	AZTECA ACQUISITION CORPORATION
	

 	
 	
By:	
 	
/s/ GABRIEL BRENER

 
	 	 	Name:	 	Gabriel Brener
	 	 	Title:	 	President, CEO and Chairman
	

 	
 	
 HEMISPHERE MEDIA GROUP, INC.
	

 	
 	
By:	
 	
/s/ CRAIG FISCHER

 
	 	 	Name:	 	Craig Fischer
	 	 	Title:	 	Vice President, Secretary and Treasurer
	

 	
 	
AZTECA ACQUISITION HOLDINGS, LLC
	

 	
 	
By:	
 	
/s/ GABRIEL BRENER

 
	 	 	Name:	 	Gabriel Brener
	 	 	Title:	 	President
	

 	
 	
BRENER INTERNATIONAL GROUP, LLC
	

 	
 	
By:	
 	
/s/ GABRIEL BRENER

 
	 	 	Name:	 	Gabriel Brener
	 	 	Title:	 	CEO
	

 	
 	
/s/ CLIVE FLEISSIG

  Clive Fleissig
	

 	
 	
/s/ JUAN PABLO ALBÁN

  Juan Pablo Albán

 

   

   

 [Support Agreement]

 

					
	

 	
 	
 SELLERS:
	

 	
 	
INTERMEDIA PARTNERS VII, L.P.
	

 	
 	
By:	
 	
/s/ MARK COLEMAN

 
	 	 	Name:	 	Mark Coleman
	 	 	Title:	 	Authorized Signatory
	

 	
 	
Address for notice:
	

 	
 	
c/o InterMedia Partners, L.P.

405 Lexington Avenue, 48th Floor

New York, NY 10174

Attn: Mark Coleman, Esq. and Mr. Craig Fisher

Telefacsimile: (212) 503-2879

 

 

					
	

 	
 	
INTERMEDIA CINE LATINO, LLC
	

 	
 	
By:	
 	
/s/ CRAIG FISCHER

 
	 	 	Name:	 	Craig Fischer
	 	 	Title:	 	Authorized Signatory
	

 	
 	
Address for notice:
	

 	
 	
c/o InterMedia Partners, L.P.

405 Lexington Avenue, 48th Floor

New York, NY 10174

Attn: Mark Coleman, Esq. and Mr. Craig Fisher

Telefacsimile: (212) 503-2879
	

 	
 	
CINE AEROPUERTO, S.A. DE C.V.
	

 	
 	
By:	
 	
/s/ JOAQUÍN VARGAS GUAJARDO

 
	 	 	Name:	 	Joaquín Vargas Guajardo
	 	 	Title:	 	Attorney-in-fact
	

 	
 	
Address for notice:
	

 	
 	
Cinema Aeropuerto, S.A. de C.V.

Blvd Manuel Avila Camacho 147

Chapultepec Morales

11560 Ciudad de Mexico, D.F.

Mexico

Attention: Mr. José A. Abad

Fax No: +52 (55) 5283-4314

Email: jabad@mvs.com

 

 

 

					
	

 	
 	
James M. McNamara

  JAMES M. MCNAMARA
	

 	
 	
Address for notice:
	

 	
 	
c/o Del, Shaw, Moonves, Tanaka, Finkelstein & Lezcano

2120 Colorado Avenue

Suite 200

Santa Monica, CA 90404

Attention: Jeffrey S. Finkelstein, Esq. and Ernest Del, Esq,

Fax No: 310-978-7999

Email: jfinkelstein@dsmtfl.com and edel@dsmtfl.com

 

   

   

  [Support Agreement]

QuickLinks

Exhibit 10.1

EXECUTION COPY

SUPPORT AGREEMENT

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00211-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00211-of-00352.parquet"}]]