Document:

exv4w1

 

EXHIBIT 4.1

SUPPLEMENTAL INDENTURE

     FOURTH SUPPLEMENTAL INDENTURE dated as of March 20, 2007, between CINEMARK USA, INC., a
Texas corporation (the “Company”), the subsidiaries of the Company parties hereto (the
“Guarantors”) and THE BANK OF NEW YORK TRUST COMPANY, N.A. (as successor to The Bank of New York
Trust Company of Florida, N.A.), as trustee (the “Trustee”), to the Indenture, dated as of February
11, 2003 (as amended by the First Supplemental Indenture thereto, dated as of May 7, 2003, the
Second Supplemental Indenture thereto dated November 11, 2004 and the Third Supplemental Indenture
thereto dated as of October 5, 2006, the “Indenture”) among the Company, the Guarantors and the
Trustee.

     WHEREAS the Company and the Trustee have heretofore executed and delivered to the Trustee the
Indenture providing for the issuance of the Company’s 9% Senior Subordinated Notes due 2013 (the
“Notes”);

     WHEREAS there are now outstanding under the Indenture Notes in the aggregate principal amount
of $332,250,000;

     WHEREAS Section 9.2 of the Indenture provides that the Company and the Trustee may, with the
written consent of the Holders of at least a majority in aggregate principal amount of the Notes
then outstanding, enter into a supplemental indenture for the purpose of amending the Indenture;

     WHEREAS, the Company has offered (the “Offer”) to purchase for cash all of the
outstanding Notes upon the terms and subject to the conditions set forth in the Offer to Purchase
and Consent Solicitation Statement dated March 6, 2007, as the same may be amended, supplemented or
modified (the “Statement”);

     WHEREAS, the Company has received and delivered to the Trustee the requisite consents to
effect the proposed amendments described in the Statement (the “Proposed Amendments”);

     WHEREAS, the Company has been authorized by a resolution of its Board of Directors to enter
into this Supplemental Indenture; and

     WHEREAS, all other acts and proceedings required by law, by the Indenture and by the
certificate of incorporation and by-laws of the Company to make this Supplemental Indenture a valid
and binding agreement for the purposes expressed herein, in accordance with its terms, have been
duly done and performed;

     NOW, THEREFORE, in consideration of the premises and the covenants and agreements contained
herein, and for other good and valuable consideration the receipt of which is hereby acknowledged,
and for the equal and proportionate benefit of the Holders of the Notes, the Company, the
Guarantors and the Trustee hereby agree as follows:

 

 

ARTICLE I

AMENDMENTS TO INDENTURE

     Section 1.01 Amendments to Articles Four, Five and Six. Upon written notification to the
Trustee by the Company that it has accepted for purchase and payment (the “Early Settlement Date”)
pursuant to the Offer to purchase all of the Notes validly tendered at or prior to 12:00 midnight,
New York City time, on March 19, 2007 pursuant to the Statement and any amendments, modifications
or supplements thereto, then automatically (without further act by any Person), with respect to the
Notes:

     (a) the Company shall be released from its obligations under the following sections of the
Indenture: Section 4.3 (Provisions of Reports and Other Information); Section 4.4 (Compliance
Certificate); Section 4.5 (Taxes); 4.6 (Stay, Extension and Usury Laws); Section 4.7 (Limitation on
Restricted Payments); Section 4.8 (Limitation on Dividend and Other Payment Restrictions Affecting
Restricted Subsidiaries); Section 4.9 (Limitation on Indebtedness); Section 4.10 (Limitation on
Asset Sales); Section 4.11 (Limitation on Transactions with Affiliates); Section 4.12 (Limitation
on Liens); Section 4.13 (Limitation on Layering Debt); Section 4.14 (Change of Control); Section
4.15 (Corporate Existence); Section 4.16 (Covenant with Respect to Cinemark International and its
Subsidiaries); Section 4.18 (Additional Subsidiary Guarantors); Section 5.1 (Merger, Consolidation,
or Sale of Assets); Section 5.2 (Successor Company Substituted); Section 11.4 (Guarantors May
Consolidate, etc., on Certain Terms) and Section 11.6 (Additional Subsidiary Guarantees);

     (b) failure to comply with the terms of any of the foregoing Sections of the Indenture shall
no longer constitute a Default or an Event of Default under the Indenture and shall no longer have
any other consequence under the Indenture;

     (c) the occurrence of the events described in Sections 6.1(d), (e), (f), (g) and (h) shall no
longer constitute Events of Default;

     (d) the last sentence of Section 8.4 (including subsections (i) through (iv)) is hereby
deleted; and

     (e) all definitions set forth in Section 1.1 of the Indenture that relate to defined terms
used solely in covenants or sections deleted hereby are deleted in their entirety.

ARTICLE II

MISCELLANEOUS

          Section 2.01 Instruments To Be Read Together. This Supplemental Indenture is executed
as and shall constitute an indenture supplemental to and in implementation of the Indenture, and
said Indenture and this Supplemental Indenture shall henceforth be read together.

          Section 2.02 Confirmation. The Indenture as amended and supplemented by this Supplemental
Indenture is in all respects confirmed and preserved.

2

 

          Section 2.03 Terms Defined. Capitalized terms used in this Supplemental Indenture and not
otherwise defined herein shall have the meanings assigned to such terms in the Indenture.

          Section 2.04 Trust Indenture Act Controls. If any provision of this Supplemental Indenture
limits, qualifies or conflicts with another provision that is required to be included in this
Supplemental Indenture or the Indenture by the Trust Indenture Act of 1939, as amended, as in force
at the date that this Supplemental Indenture is executed, the provisions required by said Act shall
control.

          Section 2.05 Headings. The headings of the Articles and Sections of this Supplemental
Indenture have been inserted for convenience of reference only, and are not to be considered a part
hereof and shall in no way modify or restrict any of the terms and provisions hereof.

          Section 2.06 Governing Law. The laws of the State of New York shall govern this
Supplemental Indenture.

          Section 2.07 Counterparts. This Supplemental Indenture may be executed in any number of
counterparts, each of which so executed shall be deemed to be an original, but all such
counterparts shall together constitute but one and the same instrument.

          Section 2.08 Effectiveness; Termination. The provisions of this Supplemental Indenture will
take effect immediately upon its execution and delivery by the Trustee in accordance with the
provisions of Sections 9.2 and 9.6 of the Indenture; provided, that the amendments to the Indenture
set forth in Section 1.01 of this Supplemental Indenture shall become operative as specified in
Section 1.01 hereof. Prior to the Early Settlement Date, the Company may terminate this
Supplemental Indenture upon written notice to the Trustee.

          Section 2.09 Acceptance by Trustee. The Trustee accepts the amendments to the Indenture
effected by this Supplemental Indenture and agrees to execute the trusts created by the Indenture
as hereby amended, but only upon the terms and conditions set forth in the Indenture.

          Section 2.10 Responsibility of Trustee. The recitals contained herein shall be taken as the
statements of the Company, and the Trustee assumes no responsibility for their correctness. The
Trustee makes no representations as to the validity or sufficiency of this Supplemental Indenture.

[Signature Pages Follow]

3

 

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

CINEMARK USA, INC.

SUNNYMEAD CINEMA CORP.

CINEMARK MEXICO (USA), INC

CINEMARK INVESTMENTS CORPORATION

CINEMARK LEASING COMPANY

CINEMARK PARADISO, INC.

CINEMARK PARTNERS I, INC.

CINEMARK PROPERTIES, INC.

MISSOURI CITY CENTRAL 6, INC.

MULTIPLEX SERVICES, INC.

TRANS TEXAS CINEMA, INC.

CINEMARK, L.L.C.

CENTURY THEATRES, INC.

CENTURY THEATRES NG, LLC

CENTURY THEATRES SEATTLE, LLC

CENTURY THEATRES SUMMIT SIERRA, LLC

CINEARTS, LLC

CINEMARTS SACRAMENTO, LLC

CORTE MADERA THEATRES, LLC

MARIN THEATRE MANAGEMENT, LLC

NBE, INC.

NORTHBAY THEATRES, LLC

NOVATO THEATRES, LLC

SAN RAFAEL THEATRES, LLC

	 	 	 	 	 
	 	 	 
	 	By:  	/s/
Michael D. Cavalier	 
	 	Name: 		Michael D. Cavalier 	 
	 	Title: 		Senior Vice President—General Counsel 	 
	 

CNMK INVESTMENTS, INC.

MULTIPLEX PROPERTIES, INC.

CNMK DELAWARE INVESTMENTS I, L.L.C.

CNMK DELAWARE INVESTMENTS II, L.L.C.

	 	 	 	 	 
	 	 	 
	 	By:  	/s/
Andrew Panaccione	 
	 	Name: 		Andrew Panaccione 	 
	 	Title: 		Secretary 	 
	 

CNMK DELAWARE INVESTMENT PROPERTIES, LTD., by CNMK Delaware Investments I,
L.L.C., its general partner

	 	 	 	 	 
	 	 	 
	 	By:  	/s/
Andrew Panaccione	 
	 	Name: 	 	Andrew Panaccione 	 
	 	Title: 
		Secretary 	 
	 

Signature Page — Supplemental Indenture

 

 

LAREDO THEATRE, LTD.,

by CNMK TEXAS PROPERTIES, LTD., its general partner,

by Sunnymead Cinema Corp., the general partner of 

CNMK Texas Properties, Ltd.

	 	 	 	 	 
	 	 	 
	 	By:  	/s/
Michael D. Cavalier	 
	 	Name: 	 	Michael D. Cavalier 	 
	 	Title: 	 	Senior Vice President—General Counsel 	 
	 

CNMK TEXAS PROPERTIES, LTD.

by Sunnymead Cinema Corp., the general partner of 

CNMK Texas Properties, Ltd.

	 	 	 	 	 
	 	 	 
	 	By:  	/s/
Michael D. Cavalier	 
	 	Name: 	 	Michael D. Cavalier 	 
	 	Title: 	 	Senior Vice President—General Counsel 	 
	 

THE BANK OF NEW YORK TRUST COMPANY,

N.A. (as successor to The Bank of New York Trust Company of Florida, N.A.), as
Trustee

	 	 	 	 	 
	 	 	 
	 	By:  	/s/
Lori Riley	 
	 	Name: 		Lori Riley	 
	 	Title: 
		Assistant Vice President	 
	 

Signature Page — Supplemental Indentureexv10w1

 

Exhibit 10.1

TEKTRONIX, INC.

2001 NON-EMPLOYEE DIRECTORS COMPENSATION PLAN

Effective January 1, 2007

As Amended through Amendment No. 1

1. Purpose

     The purpose of this Non-Employee Directors Compensation Plan (the “Plan) is to enable
Tektronix, Inc (the “Company”) to attract and retain highly qualified directors. The Company
considers it desirable that members of the board of directors, who represent shareholders, be
shareholders of the Company. To supplement the personal efforts of the directors toward this end,
the Plan is intended to increase the ownership interest of non-employee directors (“Directors” for
purposes of this Plan) through awards of Common Shares of the Company. The Company intends to
increase the community of interest of the shareholders at large and the Company’s Directors and to
make share ownership a dynamic influence on the attitudes of the board.

2. Administration

     The Plan shall be administered by the Secretary of the Company or such other person designated
by the chief executive officer of the Company (the “Administrator”) who may delegate all or part of
that authority and responsibility. The Administrator shall interpret the Plan, arrange for the
purchase and delivery of shares, and otherwise assume general responsibility for administration of
the Plan. Any decision by the Administrator shall be final and binding on all parties.

3. Awards

     3.1 Each Director of the Company shall participate in the Plan as follows:

          (a) For the first year in which a Director serves on the Board, the Directors shall
participate in the Plan on a prorata basis, beginning immediately following the effective date of
the Director’s election or appointment. An Employee director who ceases to be an employee of the
Company but continues as a Director shall become a participant, on a prorata basis, beginning
immediately following the date the director ceased being an employee and continues as a Director.

          (b) Unless otherwise specified herein, the award date for a year shall be a day in January of
that year that is determined by the Company, except that for a Director first elected or appointed
during the year and for an employee director who ceases to be an employee but continues as a
Director, the initial award date shall be a date selected by the Company within 30 days of the date
of election, appointment or change in status, as applicable.

     3.2 As of the award date, a participant shall be awarded Common Shares of the Company as
follows:

          (a) The number of Common Shares awarded shall be equal to $40,000 divided by the purchase
price per share of the Common Shares at the time of purchase as provided in paragraph 3.2(b),
except that a Director first elected or appointed during the year and an employee director who
ceases to be an employee but continues as a Director shall receive a prorata award based on the
portion of the calendar year remaining after the date of election, appointment or change in status,
as applicable.

 

 

          (b) On each award date, the Administrator shall deliver cash in the amount of $40,000 to or
for each Director and applicable commissions to a broker (the “Broker”). Subject to paragraphs
3.2(d) and 3.3 below, on the award date the Broker will effect a purchase of Common Shares in the
open market at the then prevailing market price for the respective account of each Director;
provided that each purchase occurs on a day on which the New York Stock Exchange (the “NYSE”) is
open for trading and the Common Shares trade regular way on the NYSE.

          (c) Certificates in the names of the Director participants for their respective Common Shares
shall be delivered to the respective participants as promptly as practicable following the purchase
of the shares pursuant to paragraph 3.2(b).

          (d) If a purchase cannot be executed as required by paragraph 3.2(b) as a result of (1) a
suspension or material limitation in trading in securities generally on the NYSE, (2) a suspension
or material limitation in trading in Company securities on the NYSE, (3) a general moratorium on
commercial banking activities declared by either federal or New York or Oregon state authorities,
(4) the outbreak or escalation of hostilities involving the United States or the declaration by the
United States of a national emergency or war, or (5) a legal, regulatory or contractual restriction
applicable to the Broker, the Broker will effect the purchase as promptly as practicable after the
cessation or termination of the market disruption, applicable restriction or other event. In
addition, the Administrator may delay any purchase required by paragraph 3.2(b) as a result of any
such market disruption, applicable restriction, including securities laws restricting open market
purchases by a corporation of its own shares, or other event; provided that any delayed purchase
will be effected as promptly as practicable after the cessation or termination of the market
disruption, applicable restriction or other event.

     3.3 Effective with the January 2007 award, Directors may elect to receive either cash or stock
(including any combination thereof) up to the total amount of $40,000, instead of the all stock
award provided for in paragraph 3.2. If any portion is taken in stock, the provisions of paragraph
3.2 shall apply. An election under this paragraph 3.3 shall be made by the Director not later than
December 31 of the calendar year previous to the award.

     3.4 Directors of the Company shall receive annually on the day following the shareholders’
annual meeting, (a) fully vested, ten-year options to purchase 7,000 Common Shares of the Company,
with an option price equal to the closing price on the award date and (b) 1,000 Common Shares of
the Company, pursuant to the Company’s stock incentive plans.

4. Chair, Lead Director, and Meeting Fees

     4.1 Each Director of the Company shall be entitled to receive (a) an annual fee of $5,000 for
serving as the chair of any of the following committees of the board of directors: the Nominating
and Corporate Governance Committee and the Organization and Compensation Committee; (b) an annual
fee of $10,000 for services as the chair of the Audit Committee ; (c) an annual fee of $15,000 for
serving as the Lead Director to the Board of Directors; (d) a fee of $1,500 for each board meeting
attended; and (e) a fee of $1,000 for each board committee meeting attended, provided that the
board committee meeting is not held in conjunction with a board meeting (such fees collectively,
the “Fees”).

     4.2 Each Director of the Company shall be paid any Fees owed for the previous calendar year in
January of each year (e.g., the Fees for services in 2006 shall be paid in January 2007).

     4.3 Each Director of the Company may elect to receive Common Shares of the Company instead of
cash payment for the Fees.

 

 

     4.4 The election to receive Common Shares instead of cash for the Fees for a year shall be
made by delivering a notice of election to the Company Secretary by December 31 prior to the year
in which they are paid; provided such elections to defer payment are made in accordance with all
other applicable requirements. Once made, an election shall remain in effect for subsequent years
until terminated by notice to the Secretary on or before December 31 of the calendar year prior to
the year in which Fees will be paid.

     4.5 With respect to any election by a Director of the Company to receive Common Shares of the
Company instead of cash payment for the Fees, the Administrator shall deliver cash in the amount of
the Fees for each Director and applicable commissions to the Broker, and the Broker shall effect a
purchase of Common Shares in accordance with paragraph 3.2(b) above.

     4.6 Purchased Common Shares shall be in the name of and distributed to each Director.

5. Rule 10b5-1 Plan

     The Company intends this Plan to comply with the requirements of Rule 10b5-1(c)(1)(i)(B) and
this Plan will be interpreted to comply with the requirements of Rule 10b5-1(c).

6. Amendment or Termination; Miscellaneous

     6.1 The board of directors of the Company may amend or terminate the Plan at any time. No
amendment or termination shall adversely affect any previous award.

     6.2 Subject to the rights of amendment and termination in paragraph 6.1 above, the Plan shall
continue indefinitely and future awards and Fees will be made in accordance with paragraphs 3.2 and
4.1.

     6.3 Nothing in the Plan shall create any obligation on the part of the board of directors of
the Company to nominate any director for reelection by the shareholders.

Approved by the Board of Directors on March 22, 2007

Effective as of January 1, 2007

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