Document:

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                                                                    EXHIBIT 10.7

                                SUPPLY AGREEMENT

         THIS SUPPLY AGREEMENT (the "Agreement") is entered into as of this 30th
day of March 2004 by and between Odimo Incorporated, a Delaware corporation (the
"Company"), and SDG Marketing, Inc. ("SDG").

                                    RECITALS

         WHEREAS, SDG is engaged in the business of cutting, manufacturing and
trading diamonds and jewelry; and

         WHEREAS, the Company is, among other things, engaged in the retail sale
of diamonds and jewelry via the Internet; and

         WHEREAS, the Company and SDG wish to establish the terms and conditions
upon which SDG will sell diamonds and jewelry to the Company.

         NOW THEREFORE, in consideration of the mutual promises and undertakings
set forth in this Agreement, the parties, intending to be legally bound, agree
as follows:

1.       DEFINITIONS

         1.1 "AFFILIATE" means, with respect to either party to this Agreement,
a business entity controlling, controlled by or under common control with such
party, directly or indirectly.

         1.2 "GEMSTONES" mean diamonds, emeralds, rubies and sapphires meeting
the quality and dimensional standards required by the Company.

         1.3 "INVENTORY" shall mean collectively all Loose Diamonds and Jewelry
supplied to the Company by SDG.

         1.4 "JEWELRY" shall mean jewelry consisting of Gemstones and/or
Precious Metals and manufactured by SDG or its Affiliate.

         1.5 "LOOSE DIAMONDS" shall mean loose stone diamonds accompanied by a
GIA certificate and supplied by SDG.

         1.6 "PRECIOUS METALS" mean gold and platinum.

2.       SDG'S SUPPLY OBLIGATIONS

         2.1 MINIMUM SUPPLY REQUIREMENTS FOR LOOSE DIAMONDS. SDG will supply the
Company with Loose Diamonds, based on the information contained in the Company's
Projected Needs Report (as defined in Section 5.1(b) below), as follows:

                  (a) Within a reasonable period of time following the date
hereof, SDG will supply the Company with that amount of Loose Diamonds such that
the Company maintains through November 2004 Loose Diamonds with a minimum
aggregate value (based on cash market pricing) of at least Four Million Dollars
($4,000,000);

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                  (b) Within a reasonable period of time following January 1,
2005, SDG will supply the Company with that amount of Loose Diamonds such that
the Company maintains through November 2005 Loose Diamonds with a minimum
aggregate value (based on cash market pricing) of at least Five Million Dollars
($5,000,000); and

                  (c) Within a reasonable period of time following January 1,
2006, SDG will supply the Company with that amount of Loose Diamonds such that
the Company maintains through November 2006 Loose Diamonds with a minimum
aggregate value (based on cash market pricing) of at least Six Million Dollars
($6,000,000).

         2.2 INSPECTION AND APPROVAL. The Inventory will be inspected and
approved by the Company.

         2.3 STOCK BALANCING AND RETURNS. SDG shall comply with reasonable
Inventory stock balancing requests from the Company based on changes in market
conditions and consumer needs. The Company will be permitted to return to SDG
any Loose Stone.

3.       PRICES AND COSTS; PAYMENT TERMS

         3.1 PRICES AND COSTS. Prices for all Inventory items purchased from SDG
will be cash market prices in effect at the time the order is placed. The
Company shall be responsible for all costs associated with customs, clearance,
duties or similar taxes.

         3.2 PAYMENT TERMS. Payment for Inventory shall be due from the Company
within 180 days of delivery.

         3.3 RISK OF LOSS. Unless otherwise agreed, risk of loss to the
Inventory shall pass to the Company upon delivery of the Inventory to the
Company, except such loss or damage resulting from any negligent act of SDG or
its agents. If requested by the Company, SDG shall provide the Company with a
certificate of insurance naming the Company as loss payee on any insurance
policy covering the Inventory whereby any losses shall be paid to the Company
and the insured as their interest may appear.

4.       RIGHT OF FIRST REFUSAL

         In addition to the Minimum Supply Requirements set forth in Section 1.1
above, the Company hereby grants to SDG the right of first refusal to supply to
the Company additional diamonds and jewelry.

5.       INFORMATION FROM THE COMPANY AND SDG RESPONSE TIME.

         5.1 WEEKLY INFORMATION. On a weekly basis, the Company shall provide to
SDG information that is readily ascertainable by the Company regarding the
Company's sales of: (i) the Inventory; and (ii) diamonds and jewelry supplied by
parties other than SDG.

         5.2 QUARTERLY INFORMATION. The Company and representatives from SDG
shall meet once each quarter (the "Quarterly Meeting") and at such meeting the
Company shall provide to SDG information regarding the Company's projected needs
for diamonds and jewelry with respect to quantity, competitive market pricing,
quality and delivery requirements by category (the "Projected Needs Report").
The Projected Needs Report shall be based on the Company's historical and future
expectations of sales by the Company of diamonds and diamond jewelry.

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(1)      SDG RESPONSE TO PROJECTED NEEDS REPORT. SDG shall have a reasonable
         period of time after each Quarterly Meeting, based on industry
         standards, to inform the Company of its intention to provide the
         Company with diamonds and diamond jewelry based on the Projected Needs
         Report. The Company shall provide to SDG purchase orders for all items
         from the Projected Needs Report which SDG agrees to provide (the
         "Purchase Orders"). The Company acknowledges that delivery times for
         diamonds and jewelry may range between 3 and 10 weeks from the date SDG
         receives the Purchase Orders, depending on upcoming SDG sites, cutting
         and certification requirements and manufacturing requirements, as the
         case may be, unless SDG notifies the Company that such Inventory item
         is "in production."

         5.3 REPLENISHMENT. If the Company deems it desirable to replenish any
Inventory which has been sold ("Replenished Products") prior to the Quarterly
Meeting, the Company shall offer the right of first refusal to SDG to provide
the Replenished Products at competitive market pricing and on such other terms
as mutually agreed upon by the parties.

6.       SEARCH CRITERIA FOR DIAMONDS OFFERED BY THE COMPANY.

         Through the Company's websites, the Company offers its users the
opportunity to search for loose stone diamonds based on color, cut, clarity,
approximate carat weight and retail price (collectively, the "Search Criteria").
The Company has and will continue to use its best efforts to ensure that persons
who use the Search Criteria will first be shown offerings of those certain loose
stone diamonds provided to the Company by SDG pursuant to Section 1 of this
Agreement or otherwise, and which are in the possession of the Company (the "SDG
Offerings"). The Company intends to work with SDG to increase the amount of
loose stone diamond offerings that are SDG Offerings. However, if a customer on
the Company's websites chooses to purchase a particular loose stone diamond that
is not a SDG Offering, then the Company shall be free to sell this selection to
such customer.

7.       LOOSE STONE DIAMONDS NOT OFFERED ON THE COMPANY'S WEBSITES.

         Within 24 hours of the Company receiving a request from a customer for
a loose stone diamond which is not offered on the Company's websites (a
"Non-Website Diamond"), the Company shall provide SDG with the information
regarding its need for the Non-Website Diamond, which information shall include
cut, clarity, color and approximate carat weight and delivery needs. SDG shall
have 24 hours to inform the Company of its intent to provide the Company with
the Non-Website Diamond or a similar diamond, provided howeer, that such diamond
will be provided by SDG at cash market pricing. The Company and SDG acknowledge
that time is of the essence when fulfilling a customer request for a Non-Website
Diamond.

8.       AUDIT RIGHTS

         Each of the parties hereto shall have the right, upon reasonable notice
to the other, to review the books and records of each party to ensure their
compliance with the terms of this Agreement.

9.       MISCELLANEOUS

         9.1 GOVERNING LAW. This Agreement shall be governed in all respects by
the laws of the State of New York without regard to principles of conflict of
laws.

         9.2 SUCCESSORS AND ASSIGNS. Except as otherwise expressly provided
herein, the rights and obligations hereunder may not be assigned or delegated by
the SDG or the Company without the prior written consent of the other; provided,
however, that SDG may assign its rights and delegate its

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obligations hereunder, in whole or in part; provided, further, that any such
assignee agrees to be bound by the provisions of this Agreement. The provisions
hereof shall inure to the benefit of, and be binding upon, the successors and
permitted assigns of the parties hereto.

         9.3 ENTIRE AGREEMENT. This Agreement, the Exhibits and Schedules
hereto, including the Amended Registration Rights Agreement and the Amended
Stockholders' Agreement, and the other documents delivered pursuant hereto
constitute the full and entire understanding and agreement between the parties
with regard to the subject matter hereof and thereof.

         9.4 SEVERABILITY. In case any provision of the Agreement 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.

         9.5 AMENDMENT AND WAIVER. This Agreement may be amended or modified
only upon the written consent of the parties hereto. The obligations and rights
of the parties may be waived only by a writing signed by such party.

         9.6 DELAYS OR OMISSIONS. It is agreed that no delay or omission to
exercise any right, power or remedy accruing to any party, upon any breach,
default or noncompliance by another party under this Agreement shall impair any
such right, power or remedy, nor shall it be construed to be a waiver of any
such breach, default or noncompliance thereafter occurring. It is further agreed
that any waiver, permit, consent or approval of any kind of character on any
party's part of any breach, default or noncompliance under this Agreement, or
any waiver on such party's part of any provisions or conditions of this
Agreement, must be in writing and shall be effective only to the extent
specifically set forth in such writing. All remedies, either under this
Agreement, by law, or otherwise afforded to any party, shall be cumulative and
not alternative.

         9.7 NOTICES. All notices required or permitted hereunder shall be in
writing and shall be deemed effectively given: (i) upon personal delivery to the
party to be notified; (ii) when sent by confirmed telex or facsimile if sent
during normal business hours of the recipient, if not, then on the next business
day; (iii) five (5) days after having been sent by registered or certified mail,
return receipt requested, postage prepaid; or (iv) one (1) day after deposit
with a nationally recognized overnight courier, specifying next day delivery,
with written verification of receipt. All communications shall be sent to the
parties at the address set forth on the signature page hereto or at such other
address as the parties may designate.

         9.8 TITLES AND SUBTITLES. The titles of the sections and subsections of
the Agreement are for convenience of reference only and are not to be considered
in construing this Agreement.

         9.9 COUNTERPARTS. This Agreement may be executed in any number of
counterparts, each of which shall be an original, but all of which together
shall constitute one instrument.

         9.10 EXPENSES. The Company and the SDG shall each pay its respective
costs and expenses that they incur with respect to the negotiation, execution,
delivery and performance of this Agreement and all of the transactions
contemplated herein.

         9.11 SPECIFIC ENFORCEMENT. Any party shall be entitled to specific
enforcement of its rights under this Agreement. Each party acknowledges that
money damages would be an inadequate remedy for its breach of this Agreement and
consents to an action for specific performance or other injunctive relief in the
event of any such breach.

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         9.12 ATTORNEY'S FEES. If any action at law or in equity is necessary to
enforce or interpret the terms of this Agreement, the prevailing party shall be
entitled to reasonable attorneys' fees, costs and necessary disbursements in
addition to any other relief to which such party may be entitled.

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         IN WITNESS WHEREOF, the parties hereto have executed this Agreement as
of the date set forth in the first paragraph hereof.

ODIMO INCORPORATED,                       SDG MARKETING, INC.
a Delaware corporation

By: /s/ Alan Lipton                       By: /s/ Pavlo Protopapa
    ----------------------------------        ----------------------------------
Name: Alan Lipton                         Name: Pavlo Protopapa
Title: President                          Title: Attorney in Fact

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                                                                               .
                                                                               .
                                                                               .
                                                                    EXHIBIT 10.1

         The following directors have executed Indemnification Agreements, a
form of which follows, with Carmike Cinemas, Inc. as of the dates indicated
below:

<TABLE>
<CAPTION>
                  DIRECTOR                          DATE EXECUTED
                  --------                          -------------
                  <S>                               <C>
                  Elizabeth C. Fascitelli            11/13/2003
                  Richard A. Friedman                11/13/2003
                  Alan J. Hirschfield                11/13/2003
                  John W. Jordan II                  11/13/2003
                  S. David Passman III               11/13/2003
                  Carl L. Patrick, Jr.               11/13/2003
                  Michael W. Patrick                 11/13/2003
                  Kenneth A. Pontarelli              11/13/2003
                  Roland C. Smith                    11/13/2003
                  Patricia A. Wilson                  4/1/2004
                  David W. Zalaznick                 11/13/2003
</TABLE>

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                            INDEMNIFICATION AGREEMENT

         INDEMNIFICATION AGREEMENT, made and executed this _____ day of _______,
____, by and between CARMIKE CINEMAS, INC., a Delaware corporation (the
"Company"), and _________________, an individual resident of the State of
______________ (the "Indemnitee").

         WHEREAS, the Company is aware that, in order to induce highly competent
persons to serve the Company as directors or officers or in other capacities,
the Company must provide such persons with adequate protection through insurance
and indemnification against inordinate risks of claims and actions against them
arising out of their service to and activities on behalf of the Company;

         WHEREAS, the Company recognizes that the increasing difficulty in
obtaining directors' and officers' liability insurance, the increases in the
cost of such insurance and the general reductions in the coverage of such
insurance have increased the difficulty of attracting and retaining such
persons;

         WHEREAS, the Board of Directors of the Company has determined that it
is essential to the best interests of the Company's stockholders that the
Company act to assure such persons that there will be increased certainty of
such protection in the future;

         WHEREAS, it is reasonable, prudent and necessary for the Company
contractually to obligate itself to indemnify such persons to the fullest extent
permitted by applicable law so that they will continue to serve the Company free
from undue concern that they will not be so indemnified; and

         WHEREAS, the Indemnitee is willing to serve, continue to serve, and
take on additional service for or on behalf of the Company on the condition that
he/she be so indemnified.

         NOW, THEREFORE, in consideration of the premises and the mutual
promises and covenants contained herein, and for other good and valuable
consideration, the receipt and sufficiency of which are hereby acknowledged, the
Company and Indemnitee do hereby agree as follows:

         1.       SERVICE BY THE INDEMNITEE. The Indemnitee agrees to serve
and/or continue to serve as a director or officer of the Company faithfully and
will discharge his/her duties and responsibilities to the best of his/her
ability so long as the Indemnitee is duly elected or qualified in accordance
with the provisions of the Amended and Restated Certificate of Incorporation, as
amended (the "Certificate"), and Amended and Restated By-laws, as amended (the
"By-laws") of the Company and the General Corporation Law of the State of
Delaware, as amended (the "DGCL"), or until his/her earlier death, resignation
or removal. The Indemnitee may at any time and for any reason resign from such
position (subject to any other contractual obligation or other obligation
imposed by operation by law), in which event the Company shall have no
obligation under this Agreement to continue the Indemnitee in any such position.
Nothing in this Agreement shall confer upon the Indemnitee the right to continue
in the employ of the Company or as a director of the Company or affect the right
of the Company to terminate the Indemnitee's

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employment at any time in the sole discretion of the Company, with or without
cause, subject to any contract rights of the Indemnitee created or existing
otherwise than under this Agreement.

         2.       INDEMNIFICATION. The Company shall indemnify the Indemnitee
against all Expenses (as defined below), judgments, fines and amounts paid in
settlement actually and reasonably incurred by the Indemnitee as provided in
this Agreement to the fullest extent permitted by the Certificate, By-laws and
DGCL or other applicable law in effect on the date of this Agreement and to any
greater extent that applicable law may in the future from time to time permit.
Without diminishing the scope of the indemnification provided by this Section 2,
the rights of indemnification of the Indemnitee provided hereunder shall
include, but shall not be limited to, those rights hereinafter set forth, except
that no indemnification shall be paid to the Indemnitee:

                  (a)      on account of any suit in which judgment is rendered
         against the Indemnitee for disgorgement of profits made from the
         purchase or sale by the Indemnitee of securities of the Company
         pursuant to the provisions of Section 16(b) of the Securities Exchange
         Act of 1934, as amended (the "Act"), or similar provisions of any
         federal, state or local statutory law;

                  (b)      on account of conduct of the Indemnitee which is
         finally adjudged by a court of competent jurisdiction to have been
         knowingly fraudulent or to constitute willful misconduct;

                  (c)      in any circumstance where such indemnification is
         expressly prohibited by applicable law;

                  (d)      with respect to liability for which payment is
         actually made to the Indemnitee under a valid and collectible insurance
         policy or under a valid and enforceable indemnity clause, By-law or
         agreement (other than this Agreement), except in respect of any
         liability in excess of payment under such insurance, clause, By-law or
         agreement;

                  (e)      if a final decision by a court having jurisdiction in
         the matter shall determine that such indemnification is not lawful
         (and, in this respect, both the Company and the Indemnitee have been
         advised that it is the position of the Securities and Exchange
         Commission that indemnification for liabilities arising under the
         federal securities laws is against public policy and is, therefore,
         unenforceable, and that claims for indemnification should be submitted
         to the appropriate court for adjudication); or

                  (f)      in connection with any proceeding by the Indemnitee
         against the Company or its directors, officers, employees or other
         Indemnitees, (i) unless such indemnification is expressly required to
         be made by law, (ii) unless the proceeding was authorized by the Board
         of Directors of the Company, (iii) unless such indemnification is
         provided by the Company, in its sole discretion, pursuant to the powers
         vested in the Company under applicable law, or (iv) except as provided
         in Sections 11 and 13 hereof.

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         3.       ACTIONS OR PROCEEDINGS OTHER THAN AN ACTION BY OR IN THE RIGHT
OF THE COMPANY. The Indemnitee shall be entitled to the indemnification rights
provided in this Section 3 if the Indemnitee was or is a party or is threatened
to be a party to any threatened, pending or completed action, suit or
proceeding, whether civil, criminal, administrative or investigative in nature,
other than an action by or in the right of the Company, by reason of the fact
that the Indemnitee is or was a director, officer, employee, agent or fiduciary
of the Company, or is or was serving at the request of the Company as a
director, officer, employee, agent or fiduciary of any other entity, including,
but not limited to, another corporation, partnership, limited liability company,
employee benefit plan, joint venture, trust or other enterprise, or by reason of
any act or omission by him/her in such capacity. Pursuant to this Section 3, the
Indemnitee shall be indemnified against all Expenses, judgments, penalties
(including excise and similar taxes), fines and amounts paid in settlement which
were actually and reasonably incurred by the Indemnitee in connection with such
action, suit or proceeding (including, but not limited to, the investigation,
defense or appeal thereof), if the Indemnitee acted in good faith and in a
manner the Indemnitee reasonably believed to be in or not opposed to the best
interests of the Company, and, with respect to any criminal action or
proceeding, had no reasonable cause to believe his/her conduct was unlawful.

         4.       ACTIONS BY OR IN THE RIGHT OF THE COMPANY. The Indemnitee
shall be entitled to the indemnification rights provided in this Section 4 if
the Indemnitee was or is a party or is threatened to be made a party to any
threatened, pending or completed action, suit or proceeding brought by or in the
right of the Company to procure a judgment in its favor by reason of the fact
that the Indemnitee is or was a director, officer, employee, agent or fiduciary
of the Company, or is or was serving at the request of the Company as a
director, officer, employee, agent or fiduciary of another entity, including,
but not limited to, another corporation, partnership, limited liability company,
employee benefit plan, joint venture, trust or other enterprise, or by reason of
any act or omission by him/her in any such capacity. Pursuant to this Section 4,
the Indemnitee shall be indemnified against all Expenses actually and reasonably
incurred by him/her in connection with the defense or settlement of such action,
suit or proceeding (including, but not limited to the investigation, defense or
appeal thereof), if the Indemnitee acted in good faith and in a manner the
Indemnitee reasonably believed to be in or not opposed to the best interests of
the Company; provided however, that no such indemnification shall be made in
respect of any claim, issue, or matter as to which the Indemnitee shall have
been adjudged to be liable to the Company, unless and only to the extent that
the Court of Chancery of the State of Delaware or the court in which such
action, suit or proceeding was brought shall determine upon application that,
despite the adjudication of liability but in view of all the circumstances of
the case, the Indemnitee is fairly and reasonably entitled to be indemnified
against such Expenses actually and reasonably incurred by him/her which such
court shall deem proper.

         5.       GOOD FAITH DEFINITION. For purposes of this Agreement, the
Indemnitee shall be deemed to have acted in good faith and in a manner the
Indemnitee reasonably believed to be in or not opposed to the best interests of
the Company, or, with respect to any criminal action or proceeding to have had
no reasonable cause to believe the Indemnitee's conduct was unlawful, if such
action was based on (i) the records or books of the accounts of the Company or
other enterprise, including financial statements; (ii) information supplied to
the Indemnitee by the officers of the Company or other enterprise in the course
of their duties; (iii) the advice of legal counsel for the Company or other
enterprise; or (iv) information or records given in reports made

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to the Company or other enterprise by an independent certified public accountant
or by an appraiser or other expert selected with reasonable care by the Company
or other enterprise.

         6.       INDEMNIFICATION FOR EXPENSES OF SUCCESSFUL PARTY.
Notwithstanding the other provisions of this Agreement, to the extent that the
Indemnitee has served on behalf of the Company as a witness or other participant
in any class action or proceeding, or has been successful, on the merits or
otherwise, in defense of any action, suit or proceeding referred to in Section 3
and 4 hereof, or in defense of any claim, issue or matter therein, including,
but not limited to, the dismissal of any action without prejudice, the
Indemnitee shall be indemnified against all Expenses actually and reasonably
incurred by the Indemnitee in connection therewith, regardless of whether or not
the Indemnitee has met the applicable standards of Section 3 or 4 and without
any determination pursuant to Section 8.

         7.       PARTIAL INDEMNIFICATION. If the Indemnitee is entitled under
any provision of this Agreement to indemnification by the Company for some or a
portion of the Expenses, judgments, fines and amounts paid in settlement
actually and reasonably incurred by the Indemnitee in connection with the
investigation, defense, appeal or settlement of such suit, action, investigation
or proceeding described in Section 3 or 4 hereof, but is not entitled to
indemnification for the total amount thereof, the Company shall nevertheless
indemnify the Indemnitee for the portion of such Expenses, judgments, penalties,
fines and amounts paid in settlement actually and reasonably incurred by the
Indemnitee to which the Indemnitee is entitled.

         8.       PROCEDURE FOR DETERMINATION OF ENTITLEMENT TO INDEMNIFICATION.
(a) To obtain indemnification under this Agreement, Indemnitee shall submit to
the Company a written request, including documentation and information which is
reasonably available to Indemnitee and is reasonably necessary to determine
whether and to what extent Indemnitee is entitled to indemnification. The
Secretary of the Company shall, promptly upon receipt of a request for
indemnification, advise the Board of Directors in writing that Indemnitee has
requested indemnification. Any Expenses incurred by the Indemnitee in connection
with the Indemnitee's request for indemnification hereunder shall be borne by
the Company. The Company hereby indemnifies and agrees to hold the Indemnitee
harmless for any Expenses incurred by Indemnitee under the immediately preceding
sentence irrespective of the outcome of the determination of the Indemnitee's
entitlement to indemnification.

         (b)      Upon written request by the Indemnitee for indemnification
pursuant to Section 3 or 4 hereof, the entitlement of the Indemnitee to
indemnification pursuant to the terms of this Agreement shall be determined by
the following person or persons, who shall be empowered to make such
determination: (i) if a Change in Control (as hereinafter defined) shall have
occurred, by Independent Counsel (as hereinafter defined) (unless the Indemnitee
shall request in writing that such determination be made by the Board of
Directors (or a committee thereof) in the manner provided for in clause (ii) of
this Section 8(b)) in a written opinion to the Board of Directors, a copy of
which shall be delivered to the Indemnitee; or (ii) if a Change in Control shall
not have occurred, (A)(1) by the Board of Directors of the Company, by a
majority vote of Disinterested Directors (as hereinafter defined) even though
less than a quorum, or (2) by a committee of Disinterested Directors designated
by majority vote of Disinterested Directors, even though less than a quorum, or
(B) if there are no such Disinterested Directors or, even if

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there are such Disinterested Directors, if the Board of Directors, by the
majority vote of Disinterested Directors, so directs, by Independent Counsel in
a written opinion to the Board of Directors, a copy of which shall be delivered
to the Indemnitee. Such Independent Counsel shall be selected by the Board of
Directors and approved by the Indemnitee. Upon failure of the Board of Directors
to so select, or upon failure of the Indemnitee to so approve, such Independent
Counsel shall be selected by the Chancellor of the State of Delaware or such
other person as the Chancellor shall designate to make such selection. Such
determination of entitlement to indemnification shall be made not later than 45
days after receipt by the Company of a written request for indemnification. If
the person making such determination shall determine that the Indemnitee is
entitled to indemnification as to part (but not all) of the application for
indemnification, such person shall reasonably prorate such part of
indemnification among such claims, issues or matters. If it is so determined
that Indemnitee is entitled to indemnification, payment to Indemnitee shall be
made within ten days after such determination.

         9.       PRESUMPTIONS AND EFFECT OF CERTAIN PROCEEDINGS. (a) In making
a determination with respect to entitlement to indemnification, the Indemnitee
shall be presumed to be entitled to indemnification hereunder and the Company
shall have the burden of proof in the making of any determination contrary to
such presumption.

         (b)      If the Board of Directors, or such other person or persons
empowered pursuant to Section 8 to make the determination of whether Indemnitee
is entitled to indemnification, shall have failed to make a determination as to
entitlement to indemnification within 45 days after receipt by the Company of
such request, the requisite determination of entitlement to indemnification
shall be deemed to have been made and the Indemnitee shall be absolutely
entitled to such indemnification, absent actual and material fraud in the
request for indemnification or a prohibition of indemnification under applicable
law. The termination of any action, suit, investigation or proceeding described
in Section 3 or 4 hereof by judgment, order, settlement or conviction, or upon a
plea of nolo contendere or its equivalent, shall not, of itself: (a) create a
presumption that the Indemnitee did not act in good faith and in a manner which
he/she reasonably believed to be in or not opposed to the best interests of the
Company, and, with respect to any criminal action or proceeding, that the
Indemnitee has reasonable cause to believe that the Indemnitee's conduct was
unlawful; or (b) otherwise adversely affect the rights of the Indemnitee to
indemnification, except as may be provided herein.

         10.      ADVANCEMENT OF EXPENSES. All reasonable Expenses actually
incurred by the Indemnitee in connection with any threatened or pending action,
suit or proceeding shall be paid by the Company in advance of the final
disposition of such action, suit or proceeding, if so requested by the
Indemnitee, within 20 days after the receipt by the Company of a statement or
statements from the Indemnitee requesting such advance or advances. The
Indemnitee may submit such statements from time to time. The Indemnitee's
entitlement to such Expenses shall include those incurred in connection with any
proceeding by the Indemnitee seeking an adjudication or award in arbitration
pursuant to this Agreement. Such statement or statements shall reasonably
evidence the Expenses incurred by the Indemnitee in connection therewith and
shall include or be accompanied by a written affirmation by Indemnitee of
Indemnitee's good faith belief that Indemnitee has met the standard of conduct
necessary for indemnification under this Agreement and an undertaking by or on
behalf of the Indemnitee to repay such amount if it

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<PAGE>

is ultimately determined that the Indemnitee is not entitled to be indemnified
against such Expenses by the Company pursuant to this Agreement or otherwise.
Each written undertaking to pay amounts advanced must be an unlimited general
obligation but need not be secured, and shall be accepted without reference to
financial ability to make repayment.

         11.      REMEDIES OF THE INDEMNITEE IN CASES OF DETERMINATION NOT TO
INDEMNIFY OR TO ADVANCE EXPENSES. In the event that a determination is made that
the Indemnitee is not entitled to indemnification hereunder or if the payment
has not been timely made following a determination of entitlement to
indemnification pursuant to Sections 8 and 9, or if Expenses are not advanced
pursuant to Section 10, the Indemnitee shall be entitled to a final adjudication
in an appropriate court of the State of Delaware or any other court of competent
jurisdiction of the Indemnitee's entitlement to such indemnification or advance.
Alternatively, the Indemnitee may, at the Indemnitee's option, seek an award in
arbitration to be conducted by a single arbitrator pursuant to the rules of the
American Arbitration Association, such award to be made within 60 days following
the filing of the demand for arbitration. The Company shall not oppose the
Indemnitee's right to seek any such adjudication or award in arbitration or any
other claim. Such judicial proceeding or arbitration shall be made de novo, and
the Indemnitee shall not be prejudiced by reason of a determination (if so made)
that the Indemnitee is not entitled to indemnification. If a determination is
made or deemed to have been made pursuant to the terms of Section 8 or Section 9
hereof that the Indemnitee is entitled to indemnification, the Company shall be
bound by such determination and shall be precluded from asserting that such
determination has not been made or that the procedure by which such
determination was made is not valid, binding and enforceable. The Company
further agrees to stipulate in any such court or before any such arbitrator that
the Company is bound by all the provisions of this Agreement and is precluded
from making any assertions to the contrary. If the court or arbitrator shall
determine that the Indemnitee is entitled to any indemnification hereunder, the
Company shall pay all reasonable Expenses actually incurred by the Indemnitee in
connection with such adjudication or award in arbitration (including, but not
limited to, any appellate proceedings).

         12.      NOTIFICATION AND DEFENSE OF CLAIM. Promptly after receipt by
the Indemnitee of notice of the commencement of any action, suit or proceeding,
the Indemnitee will, if a claim in respect thereof is to be made against the
Company under this Agreement, notify the Company in writing of the commencement
thereof; but the omission to so notify the Company will not relieve the Company
from any liability that it may have to the Indemnitee otherwise than under this
Agreement or otherwise, except to the extent that the Company may suffer
material prejudice by reason of such failure. Notwithstanding any other
provision of this Agreement, with respect to any such action, suit or proceeding
as to which the Indemnitee gives notice to the Company of the commencement
thereof:

                  (a)      The Company will be entitled to participate therein
         at its own expense.

                  (b)      Except as otherwise provided in this Section 12(b),
         to the extent that it may wish, the Company, jointly with any other
         indemnifying party similarly notified, shall be entitled to assume the
         defense thereof with counsel reasonably satisfactory to the Indemnitee.
         After notice from the Company to the Indemnitee of its election to so
         assume the defense thereof, the Company shall not

                                      -7-
<PAGE>

         be liable to the Indemnitee under this Agreement for any legal or other
         Expenses subsequently incurred by the Indemnitee in connection with the
         defense thereof other than reasonable costs of investigation or as
         otherwise provided below. The Indemnitee shall have the right to employ
         the Indemnitee's own counsel in such action or lawsuit, but the fees
         and Expenses of such counsel incurred after notice from the Company of
         its assumption of the defense thereof shall be at the expense of the
         Indemnitee unless (i) the employment of counsel by the Indemnitee has
         been authorized by the Company, (ii) the Indemnitee shall have
         reasonably concluded that there may be a conflict of interest between
         the Company and the Indemnitee in the conduct of the defense of such
         action and such determination by the Indemnitee shall be supported by
         an opinion of counsel, which opinion shall be reasonably acceptable to
         the Company, or (iii) the Company shall not in fact have employed
         counsel to assume the defense of the action, in each of which cases the
         fees and Expenses of counsel shall be at the expense of the Company.
         The Company shall not be entitled to assume the defense of any action,
         suit or proceeding brought by or on behalf of the Company or as to
         which the Indemnitee shall have reached the conclusion provided for in
         clause (ii) above.

                  (c)      The Company shall not be liable to indemnify the
         Indemnitee under this Agreement for any amounts paid in settlement of
         any action or claim effected without its written consent, which consent
         shall not be unreasonably withheld. The Company shall not be required
         to obtain the consent of Indemnitee to settle any action or claim which
         the Company has undertaken to defend if the Company assumes full and
         sole responsibility for such settlement and such settlement grants
         Indemnitee a complete and unqualified release in respect of potential
         liability.

                  (d)      If, at the time of the receipt of a notice of a claim
         pursuant to this Section 12, the Company has director and officer
         liability insurance in effect, the Company shall give prompt notice of
         the commencement of such proceeding to the insurers in accordance with
         the procedures set forth in the respective policies. The Company shall
         thereafter take all necessary or desirable action to cause such
         insurers to pay, on behalf of the Indemnitee, all amounts payable as a
         result of such proceeding in accordance with the terms of the policies.

         13.      OTHER RIGHT TO INDEMNIFICATION. The indemnification and
advancement of Expenses provided by this Agreement are cumulative, and not
exclusive, and are in addition to any other rights to which the Indemnitee may
now or in the future be entitled under any provision of the By-laws or
Certificate of the Company, any vote of stockholders or Disinterested Directors,
any provision of law or otherwise. Except as required by applicable law, the
Company shall not adopt any amendment to its By-laws or Certificate the effect
of which would be to deny, diminish or encumber the Indemnitee's right to
indemnification under this Agreement.

         14.      DIRECTOR AND OFFICER LIABILITY INSURANCE. The Company shall,
from time to time, make the good faith determination whether or not it is
practicable for the Company to obtain and maintain a policy or policies of
insurance with reputable insurance companies

                                      -8-
<PAGE>

providing the officers and directors of the Company with coverage for losses
from wrongful acts, or to ensure the Company's performance of its
indemnification obligations under this Agreement. Among other considerations,
the Company will weigh the costs of obtaining such insurance coverage against
the protection afforded by such coverage. In the event the Company maintains
directors' and officers' liability insurance, the Indemnitee shall be named as
an insured in such manner as to provide the Indemnitee the same rights and
benefits as are accorded to the most favorably insured of the Company's officers
or directors. However, the Company agrees that the provisions hereof shall
remain in effect regardless of whether liability or other insurance coverage is
at any time obtained or retained by the Company; except that any payments made
to, or on behalf of, the Indemnitee under an insurance policy shall reduce the
obligations of the Company hereunder. Notwithstanding the foregoing, the Company
shall have no obligation to obtain or maintain such insurance if the Company
determines in good faith that such insurance is not reasonably available, if the
premium costs for such insurance are disproportionate to the amount of coverage
provided or if the coverage provided by such insurance is limited by exclusions
so as to provide an insufficient benefit.

         15.      SPOUSAL INDEMNIFICATION. The Company will indemnify the
Indemnitee's spouse to whom the Indemnitee is legally married at any time the
Indemnitee is covered under the indemnification provided in this Agreement (even
if Indemnitee did not remain married to him or her during the entire period of
coverage) against any pending or threatened action, suit, proceeding or
investigation for the same period, to the same extent and subject to the same
standards, limitations, obligations and conditions under which the Indemnitee is
provided indemnification herein, if the Indemnitee's spouse (or former spouse)
becomes involved in a pending or threatened action, suit, proceeding or
investigation solely by reason of his or her status as Indemnitee's spouse,
including, without limitation, any pending or threatened action, suit,
proceeding or investigation that seeks damages recoverable from marital
community property, jointly-owned property or property purported to have been
transferred from the Indemnitee to his/her spouse (or former spouse). The
Indemnitee's spouse or former spouse also may be entitled to advancement of
Expenses to the same extent that Indemnitee is entitled to advancement of
Expenses herein. The Company may maintain insurance to cover its obligation
hereunder with respect to Indemnitee's spouse (or former spouse) or set aside
assets in a trust or escrow fund for that purpose.

         16.      INTENT. This Agreement is intended to be broader than any
be in addition to any other rights Indemnitee may have under the Company's
Certificate, By-laws, applicable law or otherwise. To the extent that a change
in applicable law (whether by statute or judicial decision) permits greater
indemnification by agreement than would be afforded currently under the
Company's Certificate, By-laws, applicable law or this Agreement, it is the
intent of the parties that Indemnitee enjoy by this Agreement the greater
benefits so afforded by such change.

         17.      ATTORNEY'S FEES AND OTHER EXPENSES TO ENFORCE AGREEMENT. In
the event that the Indemnitee is subject to or intervenes in any proceeding in
which the validity or enforceability of this Agreement is at issue or seeks an
adjudication or award in arbitration to enforce the Indemnitee's rights under,
or to recover damages for breach of, this Agreement the Indemnitee, if he/she
prevails in whole or in part in such action, shall be entitled to recover from

                                      -9-
<PAGE>

the Company and shall be indemnified by the Company against any actual expenses
for attorneys' fees and disbursements reasonably incurred by the Indemnitee.

         18.      EFFECTIVE DATE. The provisions of this Agreement shall cover
claims, actions, suits or proceedings whether now pending or hereafter commenced
and shall be retroactive to cover acts or omissions or alleged acts or omissions
which heretofore have taken place. The Company shall be liable under this
Agreement, pursuant to Sections 3 and 4 hereof, for all acts of the Indemnitee
while serving as a director and/or officer, notwithstanding the termination of
the Indemnitee's service, if such act was performed or omitted to be performed
during the term of the Indemnitee's service to the Company.

         19.      DURATION OF AGREEMENT. This Agreement shall survive and
continue even though the Indemnitee may have terminated his/her service as a
director, officer, employee, agent or fiduciary of the Company or as a director,
officer, employee, agent or fiduciary of any other entity, including, but not
limited to another corporation, partnership, limited liability company, employee
benefit plan, joint venture, trust or other enterprise or by reason of any act
or omission by the Indemnitee in any such capacity. This Agreement shall be
binding upon the Company and its successors and assigns, including, without
limitation, any corporation or other entity which may have acquired all or
substantially all of the Company's assets or business or into which the Company
may be consolidated or merged, and shall inure to the benefit of the Indemnitee
and his/her spouse, successors, assigns, heirs, devisees, executors,
administrators or other legal representations. The Company shall require any
successor or assignee (whether direct or indirect, by purchase, merger,
consolidation or otherwise) to all or substantially all of the business and/or
assets of the Company, by written agreement in form and substance reasonably
satisfactory to the Company and the Indemnitee, expressly to assume and agree to
perform this Agreement in the same manner and to the same extent that the
Company would be required to perform if no such succession or assignment had
taken place.

         20.      DISCLOSURE OF PAYMENTS. Except as expressly required by any
Federal or state securities laws or other Federal or state law, neither party
shall disclose any payments under this Agreement unless prior approval of the
other party is obtained.

         21.      SEVERABILITY. If any provision or provisions of this Agreement
shall be held invalid, illegal or unenforceable for any reason whatsoever, (a)
the validity, legality and enforceability of the remaining provisions of this
Agreement (including, but not limited to, all portions of any Sections of this
Agreement containing any such provision held to be invalid, illegal or
unenforceable) shall not in any way be affected or impaired thereby and (b) to
the fullest extent possible, the provisions of this Agreement (including, but
not limited to, all portions of any paragraph of this Agreement containing any
such provision held to be invalid, illegal or unenforceable, that are not
themselves invalid, illegal or unenforceable) shall be construed so as to give
effect to the intent manifest by the provision held invalid, illegal or
unenforceable.

         22.      COUNTERPARTS. This Agreement may be executed by one or more
counterparts, each of which shall for all purposes be deemed to be an original
but all of which together shall constitute one and the same Agreement. Only one
such counterpart signed by the party against

                                      -10-
<PAGE>

whom enforceability is sought shall be required to be produced to evidence the
existence of this Agreement.

         23.      CAPTIONS. The captions and headings used in this Agreement are
inserted for convenience only and shall not be deemed to constitute part of this
Agreement or to affect the construction thereof.

         24.      DEFINITIONS. For purposes of this Agreement:

                  (a)      "Change in Control" shall mean:

                           (i)      a "change in control" of the Company of a
                                    nature that would be required to be reported
                                    in response to Item 6(e) of Schedule 14A for
                                    a proxy statement filed under Section 14(a)
                                    of the Act as in effect on the date of this
                                    Agreement;

                           (ii)     a "person" (as that term is used in 14(d)(2)
                                    of the Act) who becomes the beneficial owner
                                    (as defined in Rule 13d-3 under the Act)
                                    directly or indirectly of securities
                                    representing 45% or more of the combined
                                    voting power for election of directors of
                                    the then outstanding securities of the
                                    Company unless (1) such person is a
                                    signatory to the Stockholders' Agreement and
                                    (2) such person becomes such a beneficial
                                    owner of such securities as a result of a
                                    transaction with one, or more than one,
                                    other person who is also a signatory to the
                                    Stockholders' Agreement;

                           (iii)    the individuals who at the beginning of any
                                    period of two consecutive years or less
                                    (starting on or after the date of this
                                    Agreement) constitute the Company's Board of
                                    Directors cease for any reason during such
                                    period to constitute at least a majority of
                                    the Company's Board of Directors, unless the
                                    election or nomination for election of each
                                    new member of the Board of Directors was
                                    approved in advance by vote of at least
                                    two-thirds of the members of such Board of
                                    Directors then still in office who were
                                    members of such Board of Directors at the
                                    beginning of such period;

                           (iv)     the stockholders of the Company approve any
                                    reorganization, merger, consolidation or
                                    share exchange as a result of which the
                                    common stock of the Company shall be
                                    changed, converted or exchanged into or for
                                    securities of another organization or any
                                    dissolution or liquidation of the Company or
                                    any sale or the disposition of 50% or more
                                    of the assets or business of the Company; or

                           (v)      the stockholders of the Company approve any
                                    reorganization, merger, consolidation or
                                    share exchange with another corporation

                                      -11-
<PAGE>

                                    unless (1) the persons who were the
                                    beneficial owners of the outstanding shares
                                    of the common stock of the Company
                                    immediately before the consummation of such
                                    transaction beneficially own more than 60%
                                    of the outstanding shares of the common
                                    stock of the successor or survivor
                                    corporation in such transaction immediately
                                    following the consummation of such
                                    transaction and (2) the number of shares of
                                    the common stock of such successor or
                                    survivor corporation beneficially owned by
                                    the persons described in Section 24(a)(v)(1)
                                    immediately following the consummation of
                                    such transaction is beneficially owned by
                                    each such person in substantially the same
                                    proportion that each such person had
                                    beneficially owned shares of the Company
                                    common stock immediately before the
                                    consummation of such transaction, provided
                                    (3) the percentage described in Section
                                    24(a)(v)(1) of the beneficially owned shares
                                    of the successor or survivor corporation and
                                    the number described in Section 24(a)(v)(2)
                                    of the beneficially owned shares of the
                                    successor or survivor corporation shall be
                                    determined exclusively by reference to the
                                    shares of the successor or survivor
                                    corporation which result from the beneficial
                                    ownership of shares of common stock of the
                                    Company by the persons described in Section
                                    24(a)(v)(1) immediately before the
                                    consummation of such transaction.

                  (b)      "Disinterested Director" shall mean a director of the
         Company who is not or was not a party to the action, suit,
         investigation or proceeding in respect of which indemnification is
         being sought by the Indemnitee.

                  (c)      "Expenses" shall include all attorneys' fees,
         retainers, court costs, transcript costs, fees of experts, witness
         fees, travel expenses, duplicating costs, printing and binding costs,
         telephone charges, postage, delivery service fees, and all other
         disbursements or expenses incurred in connection with prosecuting,
         defending, preparing to prosecute or defend, investigating or being or
         preparing to be a witness in any threatened, pending or completed
         action, suit or proceeding, whether civil, criminal, administrative or
         investigative in nature.

                  (d)      "Independent Counsel" shall mean a law firm or a
         member of a law firm that neither is presently nor in the past five
         years has been retained to represent (i) the Company or the Indemnitee
         in any matter material to either such party or (ii) any other party to
         the action, suit, investigation or proceeding giving rise to a claim
         for indemnification hereunder. Notwithstanding the foregoing, the term
         "Independent Counsel" shall not include any person who, under the
         applicable standards of professional conduct then prevailing, would
         have a conflict of interest in representing either the Company or the
         Indemnitee in an action to determine the Indemnitee's right to
         indemnification under this Agreement.

                                      -12-
<PAGE>

                  (e)      "Stockholders' Agreement" shall mean the agreement,
         dated as of January 31, 2002, as amended, by and among the Company,
         Michael W. Patrick, GS Capital Partners III, L.P., GS Capital Partners
         III Offshore, L.P., Goldman Sachs & Co. Verwaltungs GmbH, Bridge Street
         Fund 1998, L.P., Stone Street Fund 1998, L.P., The Jordan Trust,
         TJT(B), TJT(B) (Bermuda) Investment Company Ltd., David W. Zalaznick
         and Barbara Zalaznick, jt ten, Leucadia Investors, Inc. and Leucadia
         National Corporation as the then stockholders of the Company.

         25.      ENTIRE AGREEMENT, MODIFICATION AND WAIVER. This Agreement
constitutes the entire agreement and understanding of the parties hereto
regarding the subject matter hereof, and no supplement, modification or
amendment of this Agreement shall be binding unless executed in writing by both
parties hereto. No waiver of any of the provisions of this Agreement shall be
deemed or shall constitute a waiver of any other provisions hereof (whether or
not similar) nor shall such waiver constitute a continuing waiver. No
supplement, modification or amendment of this Agreement shall limit or restrict
any right of the Indemnitee under this Agreement in respect of any act or
omission of the Indemnitee prior to the effective date of such supplement,
modification or amendment unless expressly provided therein.

         26.      NOTICES. All notices, requests, demands or other
communications hereunder shall be in writing and shall be deemed to have been
duly given if (i) delivered by hand with receipt acknowledged by the party to
whom said notice or other communication shall have been directed or if (ii)
mailed by certified or registered mail, return receipt requested with postage
prepaid, on the date shown on the return receipt:

                  (a)      If to the Indemnitee to:

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

                  (b)      If to the Company, to:

                           Carmike Cinemas, Inc.
                           1301 First Avenue
                           Columbus, Georgia  31901
                           Attention:  Anthony J. Rhead

                           with a copy to:

                           King & Spalding LLP
                           Attn:  Alan J. Prince
                           191 Peachtree Street
                           Atlanta, Georgia 30303

                                      -13-
<PAGE>

or to such other address as may be furnished to the Indemnitee by the Company or
to the Company by the Indemnitee, as the case may be.

         27.      GOVERNING LAW. The parties hereto agree that this Agreement
shall be governed by, and construed and enforced in accordance with, the laws of
the State of Delaware, applied without giving effect to any conflicts-of-law
principles.

                                      -14-
<PAGE>

         IN WITNESS WHEREOF, the parties hereto have executed this Agreement on
the day and year first above written.

                                   CARMIKE CINEMAS, INC.

                                   By
                                     ------------------------------------------
                                   Name:
                                        ---------------------------------------
                                   Title:
                                         --------------------------------------

                                   INDEMNITEE:

                                   By
                                     ------------------------------------------
                                   Name:
                                        ---------------------------------------

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