Document:

EX-10.24

 Exhibit 10.24 
 IMAX CORPORATION 
 THIRD AMENDING AGREEMENT 

This Amendment to Employment Agreement dated as of January 23, 2012 (the “Amending Agreement”) is made between: 

IMAX CORPORATION, a corporation incorporated under the laws of Canada (hereinafter referred to as the “Company”), 

and 
 JOSEPH SPARACIO, of the Town of
Holmdel in the State of New Jersey 
 (the “Executive”), 
 WHEREAS, the Company wishes to enter into this Amending Agreement to amend and extend the Employment Agreement dated as of May 14, 2007 between the Company and Executive as amended by the
First Amending Agreement dated May 14, 2009 and the Second Amending Agreement dated May 14, 2010 (together, the “Agreement”), whereunder the Executive provides services to the Company, and the Executive wishes to so continue such
engagement, as on the same terms and conditions as set out thereunder. 
 NOW, THEREFORE, in consideration of good and valuable
consideration, the receipt and sufficiency of which is hereby acknowledged, the parties hereto agree as follows: 
 1. Section 1.3 of the
Agreement shall be deleted and replaced with the following: 
 “Section 1.3 Term of Employment. The Executive’s employment
under this Agreement commenced on the 14th day of May, 2007 (the “Commencement Date”) and shall terminate on the earlier of (i) May 14, 2014, or (ii) the termination of the Executive’s employment pursuant to this
Agreement. The period commencing as of the Commencement Date and ending on May 13, 2014 or such later date to which the term of the Executive’s employment under this Agreement shall have been extended is hereinafter referred to as the
“Employment Term”. The Company shall notify the Executive at least six (6) months prior to the anniversary of this Amending agreement of its intentions with respect to renewing the Agreement.” 

2. Section 2.1 of the Agreement shall be deleted and replaced with the following: 
 “Section 2.1 Base Salary. Effective May 14, 2012, the Executive’s Base Salary shall be US$425,000. Effective May 14, 2013, the Executive’s Base Salary shall be
US$450,000.” 
 3. Section 2.3 of the Agreement shall be amended by the addition of the following language: 

“Any unvested options granted to you under the Option Plan shall be cancelled effective on your Termination Date. In the event of a termination
without cause, any vested options granted to you under the Option Plan will remain available for exercise for a period of six months following the Termination Date.” 
 Except as amended herein, all other terms of the Agreement shall remain in full force, unamended. 

 IN WITNESS WHEREOF, the Company and the Executive have duly executed and delivered this
Amending Agreement on this 1st day of February, 2012.

  

					
	IMAX CORPORATION
		
	By:	 	/s/ Robert D. Lister
		 	Name:	 	Robert D. Lister
		 	Title:	 	Senior Exec. Vice President
& General Counsel
		
	By:	 	/s/ G. Mary Ruby
		 	Name:	 	G. Mary Ruby
		 	Title:	 	Chief Administrative Officer
& Corporate Secretary

  

					
	 SIGNED, SEALED AND DELIVERED

in the presence of:
	 		 	EXECUTIVE:
			
	/s/ Tamara R. Steeles	 		 	/s/ Joseph Sparacio
	Witness	 		 	Joseph SparacioNinth Supplemental Indenture

 Exhibit 10.12 
 EXECUTION VERSION 
  

 
 NINTH SUPPLEMENTAL INDENTURE

 Dated as of January 4, 2012 
 Among 
 LIVE NATION ENTERTAINMENT, INC., 

LIVE NATION LGTOURS (USA), LLC 
 The Existing Guarantors Party Hereto 
 And 

THE BANK OF NEW YORK MELLON TRUST COMPANY, N.A., 
 as Trustee 
  
  

 THIS NINTH SUPPLEMENTAL INDENTURE (this “Ninth Supplemental Indenture”),
entered into as of January 4, 2012, among LIVE NATION ENTERTAINMENT, INC., a Delaware corporation (the “Issuer”), the guarantors listed in Appendix I attached hereto (the “Existing Guarantors”), LIVE
NATION LGTOURS (USA), LLC, a Delaware limited liability company (the “New Guarantor,” and together with the Existing Guarantors, the “Guarantors”), and THE BANK OF NEW YORK MELLON TRUST COMPANY, N.A., as
trustee (the “Trustee”). 
 RECITALS 

WHEREAS, the Issuer, the Existing Guarantors and the Trustee are parties to an Indenture, dated as of July 28, 2008, as supplemented
by the First Supplemental Indenture, dated as of August 20, 2008, the Second Supplemental Indenture, dated as of April 30, 2009, the Third Supplemental Indenture, dated as of July 23, 2009, the Fourth Supplemental Indenture, dated as
of January 25, 2010, the Fifth Supplemental Indenture, dated as of April 30, 2010, the Sixth Supplemental Indenture, dated as of May 6, 2010, the Seventh Supplemental Indenture, dated as of February 14, 2011 and the Eighth
Supplemental Indenture, dated as of August 4, 2011 (as so supplemented, the “Indenture”), relating to the Issuer’s 10.75% Senior Notes due 2016 (the “Notes”); 

WHEREAS, Section 4.13 of the Indenture requires the Issuer to cause each Domestic Subsidiary that is not a Guarantor under the Notes
but becomes a guarantor under a Credit Facility to execute and deliver to the Trustee a supplemental indenture pursuant to which such Domestic Subsidiary shall unconditionally guarantee all of the Issuer’s obligations under the Indenture and
the Notes; 
 WHEREAS, the Issuer desires to amend the Notes pursuant to Section 9.01 of the Indenture to reflect the
addition of the New Guarantor; 
 WHEREAS, pursuant to Section 9.01 of the Indenture, the Issuer, the Guarantors and the
Trustee can execute this Ninth Supplemental Indenture without the consent of holders; 
 WHEREAS, all things necessary have been
done to make this Ninth Supplemental Indenture, when executed and delivered by the Issuer and the Guarantors, the legal, valid and binding agreement of the Issuer and the Guarantors, in accordance with its terms; and 

NOW, THEREFORE, in consideration of the premises and mutual covenants herein contained and intending to be legally bound, the parties to
this Ninth Supplemental Indenture hereby agree as follows: 
 ARTICLE I 

Section 1.1 Capitalized Terms. Capitalized terms used herein and not otherwise defined herein are used as defined in the
Indenture. 
 Section 1.2 Agreement to Guarantee. The New Guarantor hereby agrees to guarantee the Issuer’s
obligations under the Notes on the terms and subject to the conditions set forth in Article 10 of the Indenture. From and after the date hereof, the New Guarantor shall be a Guarantor for all purposes under the Indenture and the Notes. 

Section 1.3 Incorporation of Terms of Indenture. The obligations of the New Guarantor under the Guarantee shall be governed
in all respects by the terms of the Indenture and shall constitute a Guarantee thereunder. The New Guarantor shall be bound by the terms of the Indenture as they relate to the Guarantee. 

  
 1 

 ARTICLE II 
 Section 2.1 Amendment of the Notes. Any corresponding provisions reflected in the Notes shall also be deemed amended in conformity herewith. 

Section 2.2 Effectiveness of Amendments. This Ninth Supplemental Indenture shall be effective upon execution hereof by the
Issuer, the Guarantors and the Trustee. 
 Section 2.3 Interpretation; Severability. The Indenture shall be modified
and amended in accordance with this Ninth Supplemental Indenture, and all the terms and conditions of both shall be read together as though they constitute one instrument, except that, in case of conflict, the provisions of this Ninth Supplemental
Indenture will control. The Indenture, as modified and amended by this Ninth Supplemental Indenture, is hereby ratified and confirmed in all respects and shall bind every holder of Notes. In case of conflict between the terms and conditions
contained in the Notes and those contained in the Indenture, as modified and amended by this Ninth Supplemental Indenture, the provisions of the Indenture, as modified by this Ninth Supplemental Indenture, shall control. In case any provision in
this Ninth Supplemental Indenture shall be invalid, illegal or unenforceable, the validity, legality and enforceability of the remaining provisions shall not in any way be affected or impaired thereby. 

Section 2.4 Governing Law. This Ninth Supplemental Indenture shall be governed by and construed in accordance with the laws
of the State of New York. 
 Section 2.5 Counterparts. This Ninth Supplemental Indenture may be signed in various
counterparts which together will constitute one and the same instrument. 
 Section 2.6 Effect of Headings. The
Section headings herein are for convenience only and shall not effect the construction hereof. 
 Section 2.7
Trustee. The recitals contained herein are made by the Issuer and the Guarantors, and not by the Trustee, and the Trustee assumes no responsibility for the correctness thereof. The Trustee makes no representation as to the validity or
sufficiency of this Ninth Supplemental Indenture. All rights, protections, privileges, indemnities and benefits granted or afforded to the Trustee under the Indenture shall be deemed incorporated herein by this reference and shall be deemed
applicable to all actions taken, suffered or omitted by the Trustee under this Ninth Supplemental Indenture. 
 [Signature
Pages Follow] 

  
 2 

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

			
	LIVE NATION ENTERTAINMENT, INC.,
	as Issuer
		
	By:	 	 /s/ Michael Rowles

	Name:	 	Michael Rowles
	Title:	 	Executive Vice President,
		 	General Counsel and Secretary
	
	 LIVE NATION LGTOURS (USA), LLC,
 as New Guarantor

		
	By:	 	 /s/ Michael Rowles

	Name:	 	Michael Rowles
	Title:	 	Executive Vice President,
		 	General Counsel and Secretary

 Signature Page to Ninth Supplemental Indenture 

			
	LN ACQUISITION HOLDCO LLC
		
	By:	 	LIVE NATION ENTERTAINMENT, INC.,
		 	its sole member
		
	By:	 	 /s/ Michael Rowles

	Name:	 	Michael Rowles
	Title:	 	Executive Vice President, General Counsel
		 	and Secretary
	
	CONNECTICUT PERFORMING ARTS PARTNERS
		
	By:	 	NOC, INC., a general partner
		
	By:	 	 /s/ Kathy Willard

	Name:	 	Kathy Willard
	Title:	 	Executive Vice President
		
	By:	 	CONNECTICUT AMPHITHEATER DEVELOPMENT CORPORATION, a general partner
		
	By:	 	 /s/ Kathy Willard

	Name:	 	Kathy Willard
	Title:	 	Executive Vice President
	
	NEW YORK THEATER, LLC
		
	By:	 	LIVE NATION ENTERTAINMENT, INC.,
		 	its sole member
		
	By:	 	 /s/ Michael Rowles

	Name:	 	Michael Rowles
	Title:	 	Executive Vice President, General Counsel
		 	and Secretary

 Signature Page to Ninth Supplemental Indenture 

			
	 BILL GRAHAM ENTERPRISES, INC.

	 CELLAR DOOR VENUES, INC.

	 COBB’S COMEDY INC.

	 CONNECTICUT AMPHITHEATER DEVELOPMENT CORPORATION

	 CONNECTICUT PERFORMING ARTS, INC.

	 EVENING STAR PRODUCTIONS, INC.

	 EVENTINVENTORY.COM, INC.

	 EVENT MERCHANDISING INC.

	 FILLMORE THEATRICAL SERVICES

	 FLMG HOLDINGS CORP.

	 HOB MARINA CITY, INC.

	 HOUSE OF BLUES SAN DIEGO, LLC

	 IAC PARTNER MARKETING, INC.

	 LIVE NATION MARKETING, INC.

	 LIVE NATION MTOURS (USA), INC.

	 LIVE NATION TOURING (USA), INC.

	 LIVE NATION UTOURS (USA), INC.

	 LIVE NATION WORLDWIDE, INC.

	 MICROFLEX 2001 LLC

	 NETTICKETS.COM, INC.

	 NOC, INC.

	 OPENSEATS, INC.

	 PREMIUM INVENTORY, INC.

	 SHORELINE AMPHITHEATRE, LTD.

	 SHOW ME TICKETS, LLC

	 THE V.I.P. TOUR COMPANY

	 TICKETMASTER ADVANCE TICKETS, L.L.C.

	 TICKETMASTER CALIFORNIA GIFT CERTIFICATES L.L.C.

	 TICKETMASTER CHINA VENTURES, L.L.C.

	 TICKETMASTER EDCS LLC

	 TICKETMASTER FLORIDA GIFT CERTIFICATES L.L.C.

	 TICKETMASTER GEORGIA GIFT CERTIFICATES L.L.C.

	 TICKETMASTER-INDIANA, L.L.C.

	 TICKETMASTER L.L.C.

	 TICKETMASTER MULTIMEDIA HOLDINGS LLC

	 TICKETMASTER NEW VENTURES HOLDINGS, INC.

	 TICKETMASTER WEST VIRGINIA GIFT CERTIFICATES L.L.C.

	 TICKETSNOW.COM, INC.

	 TICKETWEB, LLC

	 TM VISTA INC.

	 TNA TOUR II (USA) INC.

	 TNOW ENTERTAINMENT GROUP, INC.

		
	By:	 	 /s/ Kathy Willard

	Name:	 	Kathy Willard
	Title:	 	Executive Vice President

  
 Signature Page
to Ninth Supplemental Indenture 

			
	 HOB BOARDWALK, INC.

	 HOB CHICAGO, INC.

	 HOB ENTERTAINMENT, LLC

	 HOUSE OF BLUES ANAHEIM RESTAURANT CORP.

	 HOUSE OF BLUES CLEVELAND, LLC

	 HOUSE OF BLUES CONCERTS, INC.

	 HOUSE OF BLUES DALLAS RESTAURANT CORP.

	 HOUSE OF BLUES HOUSTON RESTAURANT CORP.

	 HOUSE OF BLUES LAS VEGAS RESTAURANT CORP.

	 HOUSE OF BLUES LOS ANGELES RESTAURANT CORP.

	 HOUSE OF BLUES MYRTLE BEACH RESTAURANT CORP.

	 HOUSE OF BLUES NEW ORLEANS RESTAURANT CORP.

	 HOUSE OF BLUES ORLANDO RESTAURANT CORP.

	 HOUSE OF BLUES RESTAURANT HOLDING CORP.

	 HOUSE OF BLUES SAN DIEGO RESTAURANT CORP.

	 LIVE NATION CHICAGO, INC.

	 LIVE NATION CONCERTS, INC.

	 LIVE NATION MID-ATLANTIC, INC.

		
	By:	 	 /s/ Michael Rowles

	Name:	 	Michael Rowles
	Title:	 	President
	
	 LIVE NATION MERCHANDISE, INC.

	 LIVE NATION TICKETING, LLC

	 LIVE NATION VENTURES, INC.

		
	By:	 	 /s/ Michael Rowles

	Name:	 	Michael Rowles
	Title:	 	Executive Vice President, General Counsel and Secretary
	
	 LIVE NATION BOGART, LLC

	 LIVE NATION – HAYMON VENTURES, LLC

	 LIVE NATION STUDIOS, LLC

	 MICHIGAN LICENSES, LLC

	 MUSICTODAY, LLC

	 WILTERN RENAISSANCE LLC

		
	 By:
	 	 LIVE NATION WORLDWIDE, INC.,

its sole member

		
	By:	 	 /s/ Kathy Willard

	Name:	 	Kathy Willard
	Title:	 	Executive Vice President

  
 Signature Page
to Ninth Supplemental Indenture 

			
	 AZOFF PROMOTIONS LLC

	 CAREER ARTIST MANAGEMENT LLC

	 ENTERTAINERS ART GALLERY LLC

	 FRONT LINE BCC LLC

	 FRONT LINE MANAGEMENT GROUP, INC.

	 ILA MANAGEMENT, INC.

	 MORRIS ARTISTS MANAGEMENT LLC

	 VECTOR MANAGEMENT LLC

	 VECTOR WEST, LLC

	 VIP NATION, INC.

		
	By:	 	 /s/ Michael Rowles

	Name:	 	Michael Rowles
	Title:	 	Vice President and Assistant Secretary
	
	 FEA MERCHANDISE INC.

	 SPALDING ENTERTAINMENT, LLC

		
	By:	 	 /s/ Michael Rowles

	Name:	 	Michael Rowles
	Title:	 	Vice President and Assistant Secretary

  
 Signature Page
to Ninth Supplemental Indenture 

					
	 THE BANK OF NEW YORK MELLON TRUST COMPANY, N.A.,
 as Trustee

		
	By:	 	 /s/ John A. (Alex) Briffett

		 	Name:	  	John A. (Alex) Briffett
		 	Title:	  	Authorized Signatory

  
 Signature Page
to Ninth Supplemental Indenture 

 APPENDIX I 

Existing Guarantors 
  

	
	FLMG HOLDINGS CORP.,
	
	IAC PARTNER MARKETING, INC.,
	
	MICROFLEX 2001 LLC,
	
	TICKETMASTER ADVANCE TICKETS, L.L.C.,
	
	TICKETMASTER CALIFORNIA GIFT CERTIFICATES L.L.C.,
	
	TICKETMASTER CHINA VENTURES, L.L.C.,
	
	TICKETMASTER EDCS LLC,
	
	TICKETMASTER FLORIDA GIFT CERTIFICATES L.L.C.,
	
	TICKETMASTER GEORGIA GIFT CERTIFICATES L.L.C.,
	
	TICKETMASTER L.L.C.,
	
	TICKETMASTER MULTIMEDIA HOLDINGS LLC,
	
	TICKETMASTER NEW VENTURES HOLDINGS, INC.,
	
	TICKETMASTER WEST VIRGINIA GIFT CERTIFICATES L.L.C.,
	
	TICKETMASTER-INDIANA, L.L.C.,
	
	TM VISTA INC.,
	
	EVENTINVENTORY.COM, INC.,
	
	NETTICKETS.COM, INC.,
	
	OPENSEATS, INC.,
	
	PREMIUM INVENTORY, INC.,
	
	SHOW ME TICKETS, LLC,
	
	THE V.I.P. TOUR COMPANY,

  
 Appendix I

	
	TICKETSNOW.COM, INC.,
	
	TNOW ENTERTAINMENT GROUP, INC.,
	
	TICKETWEB, LLC,
	
	FRONT LINE MANAGEMENT GROUP, INC.,
	
	AZOFF PROMOTIONS LLC,
	
	CAREER ARTIST MANAGEMENT LLC,
	
	FRONT LINE BCC LLC,
	
	ILA MANAGEMENT, INC.,
	
	ENTERTAINERS ART GALLERY LLC,
	
	FEA MERCHANDISE INC.,
	
	MORRIS ARTISTS MANAGEMENT LLC,
	
	SPALDING ENTERTAINMENT, LLC,
	
	VECTOR MANAGEMENT LLC,
	
	VECTOR WEST, LLC,
	
	VIP NATION, INC.,
	
	BILL GRAHAM ENTERPRISES, INC.,
	
	CELLAR DOOR VENUES, INC.,
	
	COBB’S COMEDY INC.,
	
	CONNECTICUT AMPHITHEATER DEVELOPMENT CORPORATION,
	
	CONNECTICUT PERFORMING ARTS, INC.,
	
	CONNECTICUT PERFORMING ARTS PARTNERS,
	
	EVENING STAR PRODUCTIONS, INC.,
	
	EVENT MERCHANDISING INC.,
	
	FILLMORE THEATRICAL SERVICES,
	
	HOB BOARDWALK, INC.,
	
	HOB CHICAGO, INC.,

  
 Appendix I

	
	HOB ENTERTAINMENT, LLC,
	
	HOB MARINA CITY, INC.,
	
	HOUSE OF BLUES ANAHEIM RESTAURANT CORP.,
	
	HOUSE OF BLUES CLEVELAND, LLC,
	
	HOUSE OF BLUES CONCERTS, INC.,
	
	HOUSE OF BLUES DALLAS RESTAURANT CORP.,
	
	HOUSE OF BLUES HOUSTON RESTAURANT CORP.,
	
	HOUSE OF BLUES LAS VEGAS RESTAURANT CORP.,
	
	HOUSE OF BLUES LOS ANGELES RESTAURANT CORP.,
	
	HOUSE OF BLUES MYRTLE BEACH RESTAURANT CORP.,
	
	HOUSE OF BLUES NEW ORLEANS RESTAURANT CORP.,
	
	HOUSE OF BLUES ORLANDO RESTAURANT CORP.,
	
	HOUSE OF BLUES RESTAURANT HOLDING CORP.,
	
	HOUSE OF BLUES SAN DIEGO, LLC,
	
	HOUSE OF BLUES SAN DIEGO RESTAURANT CORP.,
	
	LIVE NATION BOGART, LLC
	
	LIVE NATION CHICAGO, INC.
	
	LIVE NATION CONCERTS, INC.
	
	LIVE NATION – HAYMON VENTURES, LLC
	
	LIVE NATION MARKETING, INC.,
	
	LIVE NATION MERCHANDISE, INC.,
	
	LIVE NATION MID_ATLANTIC, INC.,

  
 Appendix I

	
	LIVE NATION MTOURS (USA), INC.,
	
	LIVE NATION STUDIOS, LLC,
	
	LIVE NATION TICKETING, LLC,
	
	LIVE NATION TOURING (USA), INC.,
	
	LIVE NATION UTOURS (USA), INC.,
	
	LIVE NATION VENTURES, INC.,
	
	LIVE NATION WORLDWIDE, INC.,
	
	LN ACQUISITION HOLDCO LLC,
	
	MICHIGAN LICENSES, LLC,
	
	MUSICTODAY, LLC,
	
	NEW YORK THEATER, LLC,
	
	NOC, INC.,
	
	SHORELINE AMPHITHEATRE, LTD.,
	
	TNA TOUR II (USA) INC.,
	
	WILTERN RENAISSANCE LLC

  
 Appendix I

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