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Exhibit 10.2    
    

EXECUTION COPY  

 
 

STOCKHOLDER AGREEMENT
  Between
  REGAL ENTERTAINMENT GROUP,
  and
  HUSH HOLDINGS U.S. INC.
  Dated as of March 27, 2003  
  

 
 

STOCKHOLDER AGREEMENT    
    

        This STOCKHOLDER AGREEMENT (this "Agreement") is made and entered into as of March 27, 2003, by and among
Regal Entertainment Group, a Delaware corporation (the "Company") and HUSH Holdings U.S. Inc., a Delaware corporation (the
"Holder"). 

 
 

RECITALS    
    

        WHEREAS, pursuant to that certain Stock Purchase Agreement (the "Stock Purchase Agreement"), dated as of
February 3, 2003, by and among the Company, the Holder and Hoyts Cinemas Corporation, a Delaware corporation ("Hoyts"), the Holder has agreed to
sell and the Company has agreed to purchase all of the issued and outstanding shares of the capital stock of Hoyts, in exchange for cash and 4,761,904 shares (the "Holder
Stock") of Class A Common Stock (as defined below) of the Company under the terms and subject to the conditions of the Stock Purchase Agreement; 

        WHEREAS,
the Company has granted registration rights to certain existing stockholders pursuant to that certain Amended and Restated Stockholders Agreement, dated May 14, 2002 (the
"Existing Stockholders Agreement"); and 

        WHEREAS,
pursuant to the terms of the Stock Purchase Agreement, the Company and Holder have agreed, as a condition of their respective obligations thereunder, to enter into this
Agreement. 

        NOW,
THEREFORE, in consideration of the premises, representations, warranties, covenants and agreements contained herein and for good and valuable consideration, the receipt and adequacy
of which are hereby acknowledged, the parties hereto agree as follows: 

        1.    Certain Definitions.    As used in this Agreement, the following terms have the meanings set forth below: 

        (a)   "Act" shall mean the Securities Act of 1933, as amended. 

        (b)   "Affiliate" means, with respect to a specified Person, another Person that directly, or indirectly through one or more
intermediaries, controls or is controlled by or is under common control with the Person specified. 

        (c)   "Class A Common Stock" shall mean the common stock of the Company designated Class A, par value $0.001 per
share. 

        (d)   "Class B Common Stock" shall mean the common stock of the Company designated Class B, par value $0.001 per
share. 

        (e)   "Closing" has the meaning given in the Stock Purchase Agreement. 

        (f)    "Common Stock" shall mean the Class A Common Stock and the Class B Common Stock. 

        (g)   "Company" has the meaning set forth in the preamble of this Agreement. 

        (h)   "Equity Securities" shall mean any share of any class or series of capital stock of the Company and shall include the
Common Stock. 

        (i)    "Escrow Agreement" means that certain Stock Escrow Agreement dated March 27, 2003 by and among Regal Entertainment
Group, a Delaware corporation, HUSH Holdings U.S. Inc., a Delaware corporation, and Citibank, N.A., a national banking association organized and existing under the laws of the United States of
America. 

        (j)    "Exchange Act" means the Securities Exchange Act of 1934, as amended, or any similar successor federal statute and the
rules and regulations thereunder, all as the same will be in effect from time to time.

 

        (k)   "Existing Stockholders Agreement" has the meaning set forth in the recitals to this Agreement. 

        (l)    "Holder Stock" has the meaning set forth in recitals of this Agreement. 

        (m)  "Holder" has the meaning set forth in the preamble of this Agreement. 

        (n)   "Non-Sponsor Stockholders" has the meaning given in the Existing Stockholders Agreement". 

        (o)   "Person" means a corporation, trust, limited liability company, association, partnership, joint venture, organization,
business, individual, government (or subdivision thereof), governmental agency or other legal entity. 

        (p)   "Pro Rata Reduction Provisions" means the pro rata reduction provisions in Sections 1.1.3 or 1.2.2 of the Existing
Stockholders Agreement. 

        (q)   "Rule 144" means Rule 144 as promulgated by the SEC under the Securities Act, as such Rule may be amended
from time to time, or any similar successor rule that may be promulgated by the SEC. 

        (r)   "SEC" means the Securities and Exchange Commission or any successor thereof. 

        (s)   "Stock Purchase Agreement" has the meaning set forth in the recitals to this Agreement and does not include any
amendment, modification or supplement thereof after the date of this Agreement unless such is made with the prior written consent of the Holder. 

        (t)    "Stockholders" means the "Stockholders" as defined in the Existing Stockholders Agreement. 

        (u)   "Transfer" has the meaning given in Section 4. 

        2.    Accession to Stockholders Agreement.    During the 180 day period from and after the Closing, the
Company will use its reasonable best efforts to obtain such written consents from any Stockholder or other Persons as are necessary (as determined in the sole discretion of the Company) to enable the
Holder to be joined to the Existing Stockholders Agreement as a Stockholder with the same rights and subject to the same obligations as those Stockholders which are Non-Sponsor
Stockholders. Promptly after obtaining such consents, the Company and the Holder will execute all documentation as is necessary to so join the Holder to the Existing Stockholders Agreement. 

        3.    Holdback Agreement.    If (x) at any time or times after the date hereof the Company makes an
underwritten registered public offering of any of its Equity Securities under the Act (whether to be sold by it or by one or more third parties) and (y) the Holder (i) is given the
opportunity to join in such registration and (ii) is able to include in such registration at least that number of shares of Common Stock as the Holder would be able to include, and on the same
terms, as if it were a Stockholder party to the Existing Stockholders Agreement after operation of the Pro Rata Reductions Provisions, then, if requested by the Company or the representatives of the
underwriters of Equity Securities of the Company, the Holder shall not Transfer any Equity Securities of the Company held by the Holder (other than those included in such registration, if applicable)
for a period specified by the representative of the underwriters (the "Market Standoff Period"), which period shall not exceed one hundred eighty
(180) days following the effective date of a registration statement of the Company filed under the Act, provided that all directors and executive
officers of the Company enter into similar agreements. Notwithstanding the foregoing, if the subject registration is an underwritten primary registration in which the Holder is given the opportunity
to join but because of the Pro Rata Reduction Provisions the Holder is unable to include any shares of Common Stock in such registration, then the Market Standoff Period applicable to the Holder shall
be for a period not to exceed thirty (30) days following the effective date of such registration statement of the Company filed under the Act. The

 
Holder agrees to execute and deliver such other agreements as may reasonably be requested by the Company or the underwriter to confirm the foregoing agreement. The Company may impose
stop-transfer instructions with respect to the Equity Securities subject to the foregoing restrictions not to exceed the applicable Market Standoff Period. The obligations of the Holder
described in this Section 3 shall not apply to a registration relating solely to employee benefit plans on Form S-1 or Form S-8 or similar forms. This
Section 3 shall terminate and be of no further force or effect from and after the date on which the Holder is joined to the Existing Stockholders Agreement pursuant to Section 2 hereof. 

        4.    Lock-Up Agreement.    Except as set forth in this Section 4 or pursuant to the terms of the
Escrow Agreement, the Holder will not at any time from the date of this Agreement until the first anniversary hereof offer, sell, contract to sell, pledge or otherwise dispose of (whether with or
without consideration), directly or indirectly, any shares of the Holder Stock or, enter into any transaction that would have the same effect, or enter into any swap, hedge or other arrangement that
transfers, in whole or in part, any of the economic consequences of ownership of the shares of the Holder Stock, whether any such aforementioned transaction is to be settled by delivery of any shares
of the Holder Stock, in cash or otherwise, or publicly disclose the intention to make any such offer, sale, pledge or disposition, or to enter into any such transaction, swap, hedge or other
arrangement (in any case, a "Transfer"), without, in each case, the prior written consent of the Company. Except as set forth in this Section 4
or pursuant to the terms of the Escrow Agreement, from the first anniversary of the date of
this Agreement until eighteen months from the date of this Agreement, Holder will not Transfer any Holder Stock in excess of one half (1/2) of the total number of shares of Holder
Stock. Notwithstanding the foregoing, subject to applicable federal and state securities laws, the Holder may (x) sell shares of the Holder Stock in an offering contemplated by, and under the
terms and subject to the conditions of, Section 3 hereof or the Existing Stockholders Agreement, if applicable, (y) sell shares of Holder Stock in a private sale transaction to a single
purchaser, or a group of related purchasers, provided, however, that (A) such transaction involves the transfer of not less than twenty percent
(20%) of the total number of shares of the Holder Stock and (B) the transferee or transferees agree to be bound by the restrictions on Transfer set forth in this Section 4 (including,
without limitation, the restriction that such transferee or transferees and the Holder will not, in the aggregate, Transfer more than one half (1/2) of the total number of Shares Holder
Stock during the period from the first anniversary of the date of this Agreement until eighteen months from the date of this Agreement); or (y) in connection with a bona
fide pledge for the purpose of securing a bona fide financing arrangement with any party other than an Affiliate of the Holder. 

        5.    Rule 144 Reporting.    With a view to making available the benefits of certain rules and regulations of
the SEC that may permit the sale of the Holder Stock to the public without registration, the Company agrees to use its reasonable best efforts to: 

        (a)   make
and keep public information regarding the Company available as those terms are understood and defined in Rule 144 under the Securities Act, at all times; and 

        (b)   file
with the SEC in a timely manner all reports and other documents required of the Company under the Securities Act and the Exchange Act at any time. 

        6.    Miscellaneous.    

        (a)    Additional Actions and Documents.    Each of the Company and the Holder hereby agrees to take or cause to be
taken such further actions, to execute, deliver and file or cause to be executed, delivered and filed such further documents and instruments, and to obtain such consents, as may be necessary or as may
be reasonably requested in order to fully effectuate the purposes, terms and conditions of this Agreement. 

        (b)    Expenses.    Each of the Company and the Holder will pay its respective expenses incident to the preparation
and negotiation of this Agreement.

 

        (c)    Assignment.    The Holder will not assign this Agreement, in whole or in part, whether by operation of law or
otherwise without the prior written consent of the Company. Any purported assignment of this Agreement, or any of the rights of the Holder hereunder, by the Holder without the written consent of the
Company will be null and void and of no force and effect. 

        (d)    Entire Agreement; Amendment.    This Agreement, and other writings referred to herein or delivered pursuant
hereto, constitutes the entire agreement among the Company and the Holder with respect to the matters addressed herein, and it supersedes all prior oral or written agreements, commitments or
understandings with respect to the matters provided for herein. No amendment, modification or discharge of this Agreement will be valid or binding unless set forth in writing and duly executed by the
Company and the Holder. Neither this Agreement nor any term hereof may be amended, waived, discharged or terminated, except by a written instrument signed by the Company and the Holder. 

        (e)    Waiver.    No delay or failure on the part of the Company or the Holder in exercising any right, power or
privilege under this Agreement, or under any other instruments given in connection with or pursuant to this Agreement, will impair any such right, power or privilege or be construed as a waiver of any
default or any acquiescence therein. No single or partial exercise of any such right, power or privilege will preclude the further exercise of such right, power or privilege, or the exercise of any
other right, power or privilege. No waiver will be valid against the Company or the Holder unless made in writing and signed by the Person against whom enforcement of such waiver is sought and then
only to the extent expressly specified therein. 

        (f)    Limitation on Benefit.    It is the explicit intention of the Company and the Holder that no Person or entity
other than the Company and the Holder is or will be entitled to bring any action to enforce any provision of this Agreement against the Company, and the covenants, undertakings and agreements set
forth in this Agreement will be solely for the benefit of, and will be enforceable only by, the Company and the Holder or their respective successors, heirs, executors, administrators, legal
representatives and permitted assigns. 

        (g)    Binding Effect.    This Agreement will be binding upon and will inure to the benefit of the Company and the
Holder and their respective successors, heirs, executors, administrators, legal representatives and permitted assigns. 

        (h)    Governing Law.    This Agreement, the rights and obligations of the Company and the Holder, and any claims or
disputes relating thereto, will be governed by and construed in accordance with the laws of Delaware (excluding the choice of law rules thereof). 

        (i)    Notices, etc.    All notices, demands, requests, or other communications that may be or are required to be
given, served, or sent by the Company or any Holder to the Company or any Holder pursuant to this Agreement will be in writing and will be hand-delivered, mailed by first-class, registered
or certified mail, return receipt requested, postage prepaid, sent by FedEx or other reputable
overnight courier service or transmitted by telegram, telecopy, facsimile transmission or telex, addressed as follows: 

	(i)
	If
to Hoyts and Holder: 

Hoyts
Cinema Corporation

One Exeter Plaza

Boston, MA 02116

Attention: Terry Moriarty

Facsimile No.: (617) 646-5931

 

HUSH
Holdings U.S. Inc.

c/o Consolidated Press Holdings Limited

54-58 Park Street Sydney, NSW 2000 AUSTRALIA

Attention: Guy Jalland

Facsimile No.: 011-61-2-9-261-0528 

with
a copy to: 

Skadden,
Arps, Slate, Meagher & Flom LLP

Four Times Square

New York, NY 10036

Attention: Patricia Moran, Esq.

Facsimile No.: (917) 777-3130 

	(ii)
	If
to the Company: 

Regal
Entertainment Group

7132 Regal Lane

Knoxville, TN 37918

Telephone: (865) 922-1123

Facsimile No.: (865) 922-6085

Attention: General Counsel 

with
a copy to: 

Hogan &
Hartson L.L.P.

One Tabor Center

Suite 1500

1200 Seventeenth Street

Denver, Colorado, 80202

Attention: Christopher J. Walsh

Facsimile No.: 303-899-7333 

        Each
of the Company and the Holder may designate by notice in writing a new address to which any notice, demand, request or communication may thereafter be so given, served or sent. Each
notice, demand, request, or communication that will be hand-delivered, mailed, overnighted, transmitted, telecopied or telexed in the manner described above, or that will be delivered to a
telegraph company, will be deemed sufficiently given, served, sent, received or delivered for all purposes at such time as it is delivered to the addressee (with the return receipt, the delivery
receipt, or the answerback being deemed conclusive, but not exclusive, evidence of such delivery) or at such time as delivery is refused by the addressee upon presentation. 

        (j)    Headings.    Article and Section headings contained in this Agreement are inserted for convenience of reference
only, will not be deemed to be a part of this Agreement for any purpose, and will not in any way define or affect the meaning, construction or scope of any of the provisions hereof. 

        (k)    Execution in Counterparts.    To facilitate execution, this Agreement may be executed in as many counterparts
as may be required; and it will not be necessary that the signatures of, or on behalf of, each signatory, or that the signatures of all Persons required to bind any signatory, appear on each
counterpart; but it will be sufficient that the signature of, or on behalf of, each signatory appear on one or more of the counterparts. All counterparts will collectively constitute a single
agreement. It will not be necessary in making proof of this agreement to produce or account for more than a number of counterparts containing the respective signatures of, or on behalf of, all of the
signatories hereto. 

[Signature
Pages Follow] 

 

        IN
WITNESS WHEREOF, the parties hereto have executed this Stockholder Agreement effective as of the day and year first above written. 

	 	 	REGAL ENTERTAINMENT GROUP
	

 	
 	
By:	

/s/  PETER B. BRANDOW      

	 	 	 	 	Name:	Peter B. Brandow
	 	 	 	 	Title:	Executive Vice President, General

Counsel and Secretary

	 	 	HUSH HOLDINGS U.S. INC.
	

 	
 	
By:	

/s/  GUY JALLAND      

	 	 	 	 	Name:	Guy Jalland
	 	 	 	 	Title:	Vice President

QuickLinks

Exhibit 10.2

STOCKHOLDER AGREEMENT Between REGAL ENTERTAINMENT GROUP, and HUSH HOLDINGS U.S. INC. Dated as of March 27, 2003

STOCKHOLDER AGREEMENT

RECITALSQuickLinks
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Exhibit 10.1  

STOCK PURCHASE AGREEMENT  

 BETWEEN  

 REGAL ENTERTAINMENT GROUP  

 AND  

 REGAL CINEMAS, INC.  

 MARCH 27, 2003  

 
 

STOCK PURCHASE AGREEMENT    
    

        THIS STOCK PURCHASE AGREEMENT (this "Agreement") is entered into as of March 27, 2003 (the  "Closing
Date") between Regal Entertainment Group, a Delaware corporation ("Seller"), and Regal
Cinemas, Inc., a Tennessee corporation ("Buyer"). 

        WHEREAS,
Seller holds all of the issued and outstanding capital stock of Hoyts Cinemas Corporation ("Hoyts"); specifically, Seller holds
100 shares of Hoyts common stock, par value $1.00 per share (the "Shares"); 

        WHEREAS,
Seller desires to sell, and Buyer desires to purchase from Seller, the Shares at the price and upon the terms and conditions hereinafter set forth. 

        NOW,
THEREFORE, in consideration of the foregoing and of the mutual covenants and agreements hereinafter set forth, the parties hereto hereby agree as follows: 

1.     DEFINITIONS  

        For all purposes of this Agreement, the capitalized terms specified in Exhibit A shall have the meanings
set forth in that Exhibit A, except as otherwise expressly provided herein. 

2.     SALE AND PURCHASE OF SHARES  

	2.1.
	Sale and Purchase of Shares  

        On
the basis of the representations, warranties and agreements contained herein, and subject to the terms and conditions hereof, Seller agrees to sell to Buyer, and Buyer agrees to
purchase from Seller, the Shares at the purchase price specified in Section 2.2. 

	2.2.
	Purchase Price  

        In
consideration of Seller's delivery of the Shares, Buyer shall pay Seller $186,428,557.28 in immediately available funds (the "Purchase
Price"). 

3.     CLOSING  

	3.1.
	Closing of Sale and Purchase  

        Subject
to the terms and conditions of this Agreement, the Closing shall take place at the offices of Hogan & Hartson L.L.P., 1200 Seventeenth Street, Suite 1500, Denver,
Colorado 80202, at 10:00 a.m., local time, on the Closing Date. 

	3.2.
	Closing Deliveries by Seller  

        At
the Closing, Seller shall deliver to Buyer the following: 

        (a)   certificates
representing the Shares, duly endorsed in blank or with duly executed stock powers attached; and 

        (b)   such
other documents as Buyer may reasonably request in order to document properly the transactions provided under this Agreement. 

	3.3.
	Closing Deliveries by Buyer  

        At
the Closing, Buyer shall deliver the Purchase Price as provided for in Section 2.2. 

4.     REPRESENTATIONS AND WARRANTIES OF SELLER  

        Seller hereby represents and warrants to Buyer as follows: 

	4.1.
	Organization  

        Seller
is a corporation duly organized, validly existing and in good standing under the laws of the State of Delaware and has the full and unrestricted corporate power and authority to
carry on 

 

its
business as currently conducted, to enter into this Agreement and to carry out the transactions contemplated hereby. 

	4.2.
	Authority and Capacity  

        Seller
has full legal right, capacity, power and authority to execute this Agreement and to consummate the transactions contemplated hereby. 

	4.3.
	Absence of Violation  

        The
execution, delivery and performance by Seller of this Agreement, the fulfillment of and the compliance with the respective terms and provisions hereof and thereof, and the
consummation of the transactions contemplated hereby and thereby, do not and will not (a) conflict with, or violate any provision of, any Law having applicability to Seller or
(b) conflict with, or result in any breach of, or constitute a default under, any material agreement to which Seller is a party or the certificate of incorporation or bylaws of Seller. 

	4.4.
	Binding Obligation  

        This
Agreement constitutes a valid and binding obligation of Seller, enforceable in accordance with its terms, except as such enforceability may be limited by bankruptcy, insolvency,
reorganization, fraudulent conveyance, moratorium and similar laws relating to or affecting creditors rights generally and by general equity principles (regardless of whether such enforceability is
considered in a proceeding in equity or at law). 

	4.5.
	Title to Shares  

        On
the Closing Date, Seller will have, good, valid and marketable title, free and clear of all Encumbrances, to the Shares, with full right and lawful authority to sell and transfer the
Shares to Buyer pursuant to this Agreement. Upon payment for the Shares to be purchased from Seller pursuant to the terms of this Agreement, Buyer will acquire good, valid and marketable title
thereto, free and clear of all Encumbrances other than those created by Buyer. Upon consummation of the Closing, Buyer will own all of the issued and outstanding capital stock of Hoyts. 

5.     REPRESENTATIONS AND WARRANTIES OF BUYER  

        Buyer hereby represents and warrants to Seller as follows: 

	5.1.
	Organization  

        Buyer
is a corporation duly organized, validly existing and in good standing under the laws of the State of Tennessee and has the full and unrestricted corporate power and authority to
carry on its business as currently conducted, to enter into this Agreement and to carry out the transactions contemplated hereby. 

	5.2.
	Authority and Capacity  

        Buyer
has full legal right, capacity, power and authority to execute this Agreement and to consummate the transactions contemplated hereby. 

	5.3.
	Absence of Violation  

        The
execution, delivery and performance by Buyer of this Agreement, the fulfillment of and the compliance with the respective terms and provisions hereof and thereof, and the
consummation of the transactions contemplated hereby and thereby, do not and will not (a) conflict with, or violate any provision of, any Law having applicability to Buyer or
(b) conflict with, or result in any breach of, or constitute a default under, any material agreement to which Buyer is a party or the charter or bylaws of Buyer. 

2

 

	5.4.
	Binding Obligation  

        This
Agreement constitutes a valid and binding obligation of Buyer, enforceable in accordance with its terms, except as such enforceability may be limited by bankruptcy, insolvency,
reorganization, fraudulent conveyance, moratorium and similar laws relating to or affecting creditors rights generally and by general equity principles (regardless of whether such enforceability is
considered in a proceeding in equity or at law). 

6.     CONDITIONS PRECEDENT TO OBLIGATIONS OF SELLER  

        The obligations of Seller under this Agreement are subject to the fulfillment, at or prior to the Closing, of each of the following conditions by Buyer, and
failure to satisfy any such condition shall excuse and discharge all obligations of Seller to carry out the provisions of this Agreement, unless such failure is agreed to in writing by Seller: 

	6.1.
	Representations and Warranties  

        The
representations and warranties made by Buyer in this Agreement shall be true and complete when made and on and as of the Closing Date as though such representations and warranties
were made on and as of such date, except for any changes expressly permitted by this Agreement. 

	6.2.
	Performance  

        Buyer
shall have performed and complied with all agreements and conditions required by this Agreement to be performed or complied with by such Buyer prior to the Closing Date. 

	6.3.
	Legal Proceedings  

        No
action or proceeding by or before any governmental authority shall have been instituted or threatened (and not subsequently dismissed, settled or otherwise terminated) that is
reasonably expected to restrain, prohibit or invalidate the transactions contemplated by this Agreement, other than an action or proceeding instituted or threatened by the Seller. 

7.     CONDITIONS PRECEDENT TO OBLIGATIONS OF BUYER  

        The obligations of Buyer under this Agreement are subject to the fulfillment, at or prior to the Closing, of each of the following conditions by Seller, and
failure to satisfy any such condition shall excuse and discharge all obligations of Buyer to carry out the provisions of this Agreement, unless such failure is agreed to in writing by Buyer: 

	7.1.
	Representations and Warranties  

        The
representations and warranties made by Seller in this Agreement shall be true and complete when made, and on and as of the Closing Date as though such representations and warranties
were made on and as of such date, except for any changes expressly permitted by this Agreement. 

	7.2.
	Performance  

        Seller
shall have performed and complied with all agreements and conditions required by this Agreement to be performed or complied with prior to the Closing Date. 

	7.3.
	Legal Proceedings  

        No
action or proceeding by or before any governmental authority shall have been instituted or threatened (and not subsequently settled, dismissed or otherwise terminated) that is
reasonably 

3

 

expected
to restrain, prohibit or invalidate the transactions contemplated by this Agreement other than an action or proceeding instituted or threatened by the Buyer. 

8.     MISCELLANEOUS  

	8.1.
	Further Assurances  

        Each
of the parties hereto hereby agrees to take or cause to be taken such further actions, to execute, deliver and file or cause to be executed, delivered and filed such further
documents, and will obtain such consents, as may be necessary or as may be reasonably requested in order to fully effectuate the purposes, terms and conditions of this Agreement. 

	8.2.
	No Brokers  

        Each
of Buyer and Seller hereto represents and warrants to the other that such party has not engaged any broker, finder or agent in connection with the transactions contemplated by this
Agreement and has not incurred (and will not incur) any unpaid liability to any broker, finder or agent for any brokerage fees, finders' fees or commissions, with respect to the transactions
contemplated by this Agreement. Each party agrees to indemnify, defend and hold harmless each of the other parties from and against any and all claims asserted against such parties for any such fees
or commissions by any persons purporting to act or to have acted for or on behalf of the indemnifying party. 

	8.3.
	Expenses  

        Each
party hereto shall pay its own expenses incident to this Agreement and the transactions contemplated hereunder, including all legal and accounting fees and disbursements. 

	8.4.
	Entire Agreement; Amendment  

        This
Agreement, including the Exhibits and other documents referred to herein or furnished pursuant hereto, constitutes the entire Agreement among the parties hereto with respect to the
transactions contemplated herein, and it supersedes all prior oral or written agreements, commitments or understandings with respect to the matters provided for herein. No amendment, modification or
discharge of this Agreement shall be valid or binding unless set forth in writing and duly executed and delivered by Buyer and Seller. 

	8.5.
	Waiver  

        No
delay or failure on the part of any party hereto in exercising any right, power or privilege under this Agreement shall impair any such right, power or privilege or be construed as a
waiver of any default or any acquiescence therein. No single or partial exercise of any such right, power or privilege shall preclude the further exercise of such right, power or privilege, or the
exercise of any other right, power or privilege. No waiver shall be valid against any party hereto unless made in writing and signed by the party against whom enforcement of such waiver is sought and
then only to the extent expressly specified therein. 

	8.6.
	Severability  

        If
any part of any provision of this Agreement or any other agreement or document given pursuant to or in connection with this Agreement shall be invalid or unenforceable in any respect,
such part shall be ineffective to the extent of such invalidity or unenforceability only, without in any way affecting the remaining parts of such provision or the remaining provisions of this
Agreement. 

4

 

	8.7.
	Governing Law  

        This
Agreement, the rights and obligations of the parties hereto, and any claims or disputes relating thereto, shall be governed by and construed in accordance with the laws of the State
of Delaware (excluding the choice of law rules thereof). 

	8.8.
	Headings  

        Section headings
contained in this Agreement are inserted for convenience of reference only, shall not be deemed to be a part of this Agreement for any purpose, and shall not in
any way define or affect the meaning, construction or scope of any of the provisions hereof. 

	8.9.
	Execution in Counterparts  

        To
facilitate execution, this Agreement may be executed by facsimile and in as many counterparts as may be required. It shall not be necessary that the signatures of, or on behalf of,
each party, or that the signatures of all persons required to bind any party, appear on each counterpart; but it shall be sufficient that the signature of, or on behalf of, each party, or that the
signatures of the persons required to bind any party, appear on one or more of the counterparts. All counterparts shall collectively constitute a single Agreement. It shall not be necessary in making
proof of this Agreement to produce or account for more than a number of counterparts containing the respective signatures of, or on behalf of, all of the parties hereto. 

	8.10.
	Limitation on Benefits  

        The
covenants, undertakings and agreements set forth in this Agreement shall be solely for the benefit of, and shall be enforceable only by, the parties hereto and their respective
successors, heirs, executors, administrators, legal representatives and permitted assigns. 

	8.11.
	Binding Effect  

        Subject
to any provisions hereof restricting assignment, this Agreement shall be binding upon and shall inure to the benefit of the parties hereto and their respective successors, heirs,
executors, administrators, legal representatives and assigns. 

[SIGNATURE
PAGE FOLLOWS] 

5

 

        IN
WITNESS WHEREOF, the parties hereto have duly executed this Agreement, or have caused this Agreement to be duly executed on their behalf, as of the day and year first above written. 

	

 	
 	
BUYER:
	
 	
 	

REGAL CINEMAS, INC.
	

 	
 	

By:	
 	

/s/  PETER B. BRANDOW      

	 	 	Name:	 	Peter B. Brandow
	 	 	Title:	 	Executive Vice President, General Counsel and Secretary
	

 	
 	
SELLER:
	
 	
 	

REGAL ENTERTAINMENT GROUP
	

 	
 	

By:	
 	

/s/  PETER B. BRANDOW      

	 	 	Name:	 	Peter B. Brandow
	 	 	Title:	 	Executive Vice President, General Counsel and Secretary

6

   EXHIBIT A  

 CERTAIN DEFINITIONS  

        "Affiliate" means, as applied to any person, any other person that, directly or indirectly, Controls, is
Controlled by or is under common Control with such person. 

        "Claims" means all demands, claims, actions or causes of action, assessments, losses, damages (including, without limitation, diminution
in value), liabilities, costs and expenses, including, without limitation, interest, penalties and attorneys' fees and disbursements. 

        "Closing" means the closing of the sale and purchase of the Shares pursuant to the Agreement. 

        "Closing Date" shall have the meaning set forth in the preamble to this Agreement. 

        "Control" means, when used with respect to any person, the possession, directly or indirectly, of the power to direct or cause the
direction of the management or policies of such person, whether through the ownership of voting securities, by contract or otherwise, and the term
"Controlled" shall have the meanings correlative to the foregoing. 

        "Encumbrance" means any mortgage, lien, pledge, encumbrance, security interest, deed of trust, option, encroachment, reservation, order,
decree, judgment, condition, restriction, charge, agreement, claim or equity of any kind. 

        "Exhibit" means an exhibit attached to the Agreement. 

        "Laws" means all foreign, federal, state and local statutes, laws, ordinances, regulations, rules, resolutions, orders, determinations,
writs, injunctions, awards (including, without limitation, awards of any arbitrator), judgments and decrees applicable to the specified persons or entities and to the businesses and assets thereof. 

        "Section" means a Section (or a subsection) of the Agreement. 

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STOCK PURCHASE AGREEMENT

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