Document:

<PAGE>
                        AMENDMENT NO. 2 dated as of September 22,2004 to the
                        Amended and Restated Credit, Security, Guaranty and
                        Pledge Agreement dated as of December 15,2003 among
                        Lions Gate Entertainment Corp. and Lions Gate
                        Entertainment Inc. (together, the "Borrowers"), the
                        Guarantors named therein, the Lenders referred to
                        therein, JPMorgan Chase Bank, as Administrative Agent
                        and as Issuing Bank for the Lenders (the "Agent"),
                        JPMorgan Chase Bank, Toronto Branch as Canadian Agent,
                        Fleet National Bank, as Co-Syndication Agent and BNP
                        Paribas, as Co-Syndication Agent (as the same may be
                        amended, supplemented or otherwise modified, the "Credit
                        Agreement").

                             INTRODUCTORY STATEMENT

      The Lenders have made available to the Borrowers a credit facility
pursuant to the terms of the Credit Agreement.

      The Lenders and the Agent have agreed to amend the Credit Agreement, all
on the terms and subject to the conditions herein set forth.

      Therefore, the parties hereto hereby agree as follows:

      Section 1. Defined Terms. Capitalized terms used herein and not otherwise
defined herein shall have the meaning given them in the Credit Agreement.

      Section 2. Amendments to the Credit Agreement. Subject to the satisfaction
of the conditions precedent set forth in Section 3 hereof, the Credit Agreement
is hereby amended as of the Effective Date (as hereinafter defined) as follows:

      (A) Article 1 of the Credit Agreement is hereby amended by adding the
following definition in the appropriate alphabetical sequence:

      "2004 Convertible Subordinated Notes" shall mean LGEI's convertible senior
      subordinated notes issued in 2004 which are not subject to maturity,
      redemption, prepayment or repurchase at the option of the holders prior to
      201 1 other than for a "Designated Event" as defined in Article 7 hereof
      and for which the written agreements governing such notes substantially
      reflect the terms set forth on Schedule A hereto and are otherwise in form
      and substance reasonably acceptable to the Administrative Agent.

<PAGE>

      (B) The definition of "Convertible Senior Subordinated Notes" appearing in
Article 1 of the Credit Agreement is hereby amended in its entirety to read as
follows:

      "Convertible Senior Subordinated Notes" shall mean (i) LGEI's convertible
      senior subordinated notes issued pursuant to an offering circular dated
      November 28, 2003 which are due on November 30, 2010, and (ii) the 2004
      Convertible Subordinated Notes.

      (C) Section 2.12(c) of the Credit Agreement is hereby amended by deleting
the last sentence thereof and adding the following at the end thereof that reads
as follows:

      "The Borrowers shall pay to the Administrative Agent for the pro rata
      account of each Lender any proceeds received by any Credit Party from
      Replication Advances in excess o f US$55,000,000, such excess shall be
      applied to the last principal payment of the Term Loans due in accordance
      with Section 2.5 hereof; provided, that after the Term Loans have been
      repaid in full, then all such proceeds shall be used to prepay the
      Revolving Credit Loans. The Borrower shall also pay to the Administrative
      Agent for the pro rata account of each Lender the first 50% of net
      proceeds received from the issuance of the 2004 Convertible Subordinated
      Notes (but in no event shall the amount required to be used to prepay
      Loans hereunder be greater than $60,000,000), of which the first
      $20,000,000 shall be applied to the next principal payment of the Term
      Loans due in accordance with Section 2.5 hereof immediately following the
      issuance of such notes and the balance shall be applied to the last
      principal payment of the Term Loans due in accordance with Section 2.5
      hereof; provided, that after the Term Loans have been repaid in full, then
      ail such proceeds shall be used to prepay the Revolving Credit Loans."

      (D) Section 6.4 of the Credit Agreement is hereby amended by adding the
following clause (xviii) to the end thereof that reads as follows: "Investments
in connection with acquisitions permitted under Section 6.7(b)(iii) hereof."

      (E) Section 6.5 of the Credit Agreement is hereby amended by deleting the
words "dividends and distributions" appearing in clause (i) thereof and
inserting in lieu thereof the words "Restricted Payments".

      (F) Section 6.7(b) of the Credit Agreement is hereby amended by adding
the following clause (iii) to the end thereof that reads as follows:

      "(iii) acquisitions in an amount not to exceed $65 million in the
aggregate for which the consideration comes from (A) the issuance of new capital
stock or the proceeds of such newly issued capital stock and/or (B) up to 50% of
any proceeds of Replication Advances and Subordinated Debt received by a Credit
Party after the Effective Date as such term is defined in Amendment Number 2
dated as of September 22,2004 to this Credit Agreement, provided that, such
acquisitions (w) are within the scope of permitted business activities set forth
in Section 6.13 hereof, (x) are in Subsidiaries that are 100% controlled by one
or more Credit Party; provided, however, that up to 20% of the equity interest
in any such entity may be retained by previous investors, ( y) no Event of
Default shall be continuing after giving effect on a pro forma basis to any such
acquisition as demonstrated by a certificate from an Authorized Officer in form
and substance reasonably satisfactory to the Administrative Agent and attaching
supporting

                                       2
<PAGE>

schedules demonstrating in reasonable detail such compliance and (z) such newly
acquired Subsidiary becomes a Guarantor hereunder in accordance with Section
6.32 hereof.

      (G) Section 6.16 of the Credit Agreement is hereby amended by replacing
clause (i) thereof with the following:

      "(i) 75% of all new net equity invested in LGEC and new Subordinated Debt
      issued, in cither case. after March 31, 2004, plus"

      (H) Section 6.32 is hereby amended by deleting the words ";provided,
however, that a Credit Party may incorporate additional Subsidiaries if each"
with the word "unless".

      (I) Section 7 of the Credit Agreement is hereby amended by adding the
following clause (11)following clause (t) thereof:

      "(u) the occurrence of any "Designated Event" as defined in the Indenture
      dated December 3, 2003 and the indenture issued in connection with the
      2004 Convertible Subordinated Notes.

      Section 3. Conditions to Effectiveness. The effectiveness of this
Amendment is subject to the satisfaction of all of the following conditions
precedent (the date on which all such conditions have been satisfied being
herein called the "Effective Date"):

      (A) the receipt by the Agent of counterparts of this Amendment which, when
taken together. bear the signatures of the Borrowers, each Guarantor, the Agent
and the Required Lenders;

      (B) the receipt by the Agent of all fees as set forth in Section 5 of this
Amendment; (C) the payment of all fees and expenses (including, without
limitation, fees and disbursements of counsel and consultants retained by the
Agent) due and payable by any Credit Party to the Agent and/or the Lenders; and

      (D) all legal matters incident to this Amendment shall be satisfactory to
Morgan, Lewis & Bockius LLP, counsel for the Agent.

      Section 4. Representations and Warranties. Each Credit Party represents
and warrants that:

      (A) after giving effect to this Amendment, the representations and
warranties contained in the Credit Agreement are true and correct in all
material respects on and as of the date hereof as if such representations and
warranties had been made on and as of the date hereof (except to the extent that
any such representations and warranties specifically relate to an earlier date);
and

      (B) after giving effect to this Amendment, no Event of Default or Default
will have occurred and be continuing on and as of the date hereof.

                                       3
<PAGE>

      Section 5 . Fees. The Borrowers agree to pay the Agent for the account of
each of the Lenders who executes this Agreement by September 30,2004, a fee
equal to 1/8% of the aggregate Commitment of each such Lender under the Credit
Agreement.

      Section 6. Further Assurances. At any time and from time to time, upon the
Agent's request and at the sole expense of the Credit Parties, each Credit Party
will promptly and duly execute and deliver any and all further instruments and
documents and take such further action as the Agent reasonably deems necessary
to effect the purposes of this Amendment.

      Section 7. Fundamental Documents. This Amendment is designated a
Fundamental Document by the Agent.

      Section 8. Full Force and Effect. Except as expressly amended hereby, the
Credit Agreement and the other Fundamental Documents shall continue in full
force and effect in accordance with the provisions thereof on the date hereof.
As used in the Credit Agreement, the terms "Agreement", "this Agreement",
"herein", "hereafter", "hereto", "hereof ', and words of similar import, shall,
unless the context otherwise requires, mean the Credit Agreement as amended by
this Amendment .

      Section 9. APPLICABLE LAW. THIS AMENDMENT SHALL BE GOVERNED BY AND
CONSTRUED IN ACCORDANCE WITH THE LAWS OF THE STATE OF NEW YORK.

      Section 10. Counterparts. This Amendment may be executed in two or more
counterparts, each of which shall constitute an original, but all of which when
taken together shall constitute but one instrument.

      Section 11 . Expenses. The Borrowers agree to pay all out-of-pocket
expenses incurred by the Agent in connection with the preparation, execution and
delivery of this Amendment, including, but not limited to, the reasonable fees
and disbursements of counsel for the Agent.

      Section 12. Headings. The headings of this Amendment are for the purposes
of reference only and shall not affect the construction of or be taken into
consideration in interpreting this Amendment.

                                       4
<PAGE>
      IN WITNESS WHEREOF, the parties hereby have caused this Amendment to be
duly executed as of the date first written above:

                                          BORROWERS:

                                          LIONS GATE ENTERTAINMENT CORP.

                                          By   /s/
                                            __________________________

                                          Name:
                                          Title:

                                          LIONS GATE ENTERTAINMENT INC.

                                          By   /s/
                                            __________________________

                                          Name:
                                          Title:

                                          GUARANTORS:

                                          408376 B.C. LIMITED
                                          AM PSYCHO PRODUCTIONS, INC.
                                          ATTRACTION PRODUCTIONS LLC
                                          BLUE PRODUCTIONS INC.
                                          CINEPIX ANIMATION INC./ANIMATION
                                               CINEPIX INC.
                                          CINEPIX FILMS INC./FILMS CINEPIX INC.
                                          CONFIDENCE PRODUCTIONS, INC.
                                          COVEN PRODUCTIONS CORP.
                                          CUBE FORWARD PRODUCTIONS CORP.
                                          DEAD ZONE PRODUCTION CORP.
                                          DEVILS REJECTS, INC.
                                          FINAL CUT PRODUCTIONS CORP.
                                          FIVE DAYS PRODUCTIONS CORP.
                                          FRAILTY PRODUCTIONS, INC.
                                          HIGH CONCEPT PRODUCTIONS INC.
                                          HYPERCUBE PRODUCTIONS CORP.
                                          KING OF THE WORLD PRODUCTIONS LLC
                                          LG PICTURES INC.
                                          LIONS GATE FILMS CORP.
                                          LIONS GATE FILMS DEVELOPMENT CORP.
                                          LIONS GATE FILMS PRODUCTIONS
                                                CORP./PRODUCTIONS FILMS LIONS
                                                GATE S.A.R.F.
                                          LIONS GATE MUSIC CORP.
                                          LIONS GATE RECORDS, INC.

                                       5
<PAGE>

     LIONS GATE STUDIO MANAGEMENT LTD.
     LIONS GATE TELEVISION CORP.
     LIONS GATE TELEVISION (ONTARIO) CORP.
     LIONS GATE TELEVISION
          DEVELOPMENT LLC
     LIONS GATE TELEVISION INC.
     LUCKY 7 PRODUCTIONS CORP.
     MISSING PRODUCTIONS CORP.
     MISSING PRODUCTIONS I CORP.
     MISSING PRODUCTIONS II CORP.
     MOTHER PRODUCTIONS CORP.
     M WAYS PRODUCTIONS CORP.
     M WAYS II PRODUCTIONS CORP.
     PLANETARY PRODUCTIONS, LLC
     PRESSURE PRODUCTIONS CORP.
     PRISONER OF LOVE PRODUCTIONS CORP.
     PROFILER PRODUCTIONS CORP.
     PSYCHO PRODUCTIONS SERVICES CORP.
     SHUTTERSPEED PRODUCTIONS CORP.
     TERRESTRIAL PRODUCTIONS CORP.
     VOID PRODUCTIONS CORP.
     WEEDS PRODUCTIONS INC.
     WRITERS ON THE WAVE
     3F SERVICES, INC.
     ARIMA INC.
     ARTISAN ENTERTAINMENT INC.
     ARTISAN FILMED PRODUCTIONS, INC.
     ARTISAN HOME ENTERTAINMENT INC.
     ARTISAN MUSIC INC.
     ARTISAN PICTURES INC.
     ARTISAN RELEASING INC.
     ARTISAN TELEVISION INC.
     BD OPTICAL MEDIA, INC.
     BL DISTRIBUTION CORP.
     CAVE PRODUCTIONS, INC.
     FHCL, LLC
     FILM HOLDINGS CO.
     FUSION PRODUCTIONS, INC.
     LANDSCAPE ENTERTAINMENT CORP.
     POST PRODUCTION, INC.
     PUNISHER PRODUCTIONS, INC.
     SCREENING ROOM, INC.

                                       6
<PAGE>

                              SILENT DEVELOPMENT CORP.
                              VESTRON INC.

                              By:             /s/
                                  ____________________________
                                  Name:
                                  Title:

                              BLAIR WITCH FILM PARTNERS LTD.
                              By:  Artisan Filmed Productions Inc.
                              Its: General Partner

                              By:             /s/
                                  ____________________________
                                  Name:
                                  Title:

                              LENDERS:

                              JPMORGAN CHASE BANK,
                              individually and as Administrative Agent

                              By:
                                  _____________________________
                                  Name:
                                  Title:
                                  Address:   1166 Avenue of the Americas,
                                             17th floor
                                             New York, NY 10136-2708
                                  Attention: Garrett Verdone
                                  Facsimile: (212) 899-2893

                              BANK LUEMI USA

                              By:
                                  ______________________________
                                  Name:
                                  Title:
                                  Address:
                                  Attention:
                                  Facsimile:

                                       7
<PAGE>
                                   SILENT DEVELOPMENT CORP.
                                   VESTRON INC.

                                   By: ________________________________________
                                       Name:
                                       Title:

                                   BLAIR WITCH FILM PARTNERS LTD.
                                   By:  Artisan Filmed Productions Inc.
                                   Its: General Partner

                                   By: ________________________________________
                                       Name:
                                       Title:

                                   LENDERS:

                                   JPMORGAN CHASE BANK,
                                   individually and as Administrative Agent

                                   By: /s/ Garrett J. Verdone
                                       ________________________________________
                                       Name:      GARRETT J. VERDONE
                                       Title:     SENIOR VICE PRESIDENT
                                       Address:   1166 Avenue of the Americas,
                                                  17th floor
                                                  New York, NY 10136-2708
                                       Attention: Garrett Verdone
                                       Facsimile: (212) 899-2893

                                   BANK LEUMI USA

                                   By: ________________________________________
                                       Name:
                                       Title:
                                       Address:
                                       Attention:
                                       Facsimile:

                                       7

<PAGE>
                                   SILENT DEVELOPMENT CORP.
                                   VESTRON INC.

                                   By: ________________________________________
                                       Name:
                                       Title:

                                   BLAIR WITCH FILM PARTNERS LTD.
                                   By:  Artisan Filmed Productions Inc.
                                   Its: General Partner

                                   By: ________________________________________
                                       Name:
                                       Title:

                                   JPMORGAN CHASE BANK,
                                   individually and as Administrative Agent

                                   By:
                                       ________________________________________
                                       Name:
                                       Title:
                                       Address:   1166 Avenue of the Americas,
                                                  17th floor
                                                  New York, NY 10136-2708
                                       Attention: Garrett Verdone
                                       Facsimile: (212) 899-2893

                                   BANK LEUMI USA

                                   By: /s/ Melanie L. Krinsky
                                       ________________________________________
                                       Name:      Melanie L. Krinsky
                                       Title:     First Vice President
                                       Address:   8383 Wilshire Blvd., #400
                                       Attention: Beverly Hills, CA 90211
                                       Facsimile: (323) 966-4251

                                       7

<PAGE>
                                               BNP PARIBAS

                                               By     /s/    Frederique Merhaut
                                                  ______________________________

                                                  Name:      Frederique Merhaut
                                                  Title:     Director
                                                  Address:
                                                  Attention:
                                                  Facsimile:

                                               By     /s/    Tjalling Terpstra
                                                  ______________________________

                                                  Name:      Tjalling Terpstra
                                                  Title:     Director
                                                  Address:
                                                  Attention:
                                                  Facsimile:

                                               CITY NATIONAL BANK

                                               By
                                                  ______________________________

                                                  Name:
                                                  Title:
                                                  Address:
                                                  Attention:
                                                  Facsimile:

                                               FLEET NATIONAL BANK

                                               By
                                                  ______________________________

                                                  Name:
                                                  Title:
                                                  Address:
                                                  Attention:
                                                  Facsimile:

                                       8
<PAGE>
                                                BNP PARIBAS

                                                By
                                                   _____________________________

                                                   Name:
                                                   Title:
                                                   Address:
                                                   Attention:
                                                   Facsimile:

                                                By
                                                   _____________________________

                                                   Name:
                                                   Title:
                                                   Address:
                                                   Attention:
                                                   Facsimile:

                                                CITY NATIONAL BANK

                                                By   /s/   NORMAN B. STARR
                                                   _____________________________

                                                   Name:   NORMAN B. STARR
                                                   Title:  SENIOR VICE PRESIDENT
                                                   Address:
                                                   Attention:
                                                   Facsimile:

                                                FLEET NATIONAL BANK

                                                By
                                                   _____________________________

                                                   Name:
                                                   Title:
                                                   Address:
                                                   Attention:
                                                   Facsimile:

                                       8
<PAGE>
                                                BNP PARIBAS

                                                By
                                                   _____________________________

                                                   Name:
                                                   Title:
                                                   Address:
                                                   Attention:
                                                   Facsimile:

                                                By
                                                   _____________________________

                                                   Name:
                                                   Title:
                                                   Address:
                                                   Attention:
                                                   Facsimile:

                                                CITY NATIONAL BANK

                                                By
                                                   _____________________________

                                                   Name:
                                                   Title:
                                                   Address:
                                                   Attention:
                                                   Facsimile:

                                                FLEET NATIONAL BANK

                                                By  /s/     AMY PEDEN
                                                   _____________________________

                                                   Name:    Amy Peden
                                                   Title:   Vice President
                                                   Address: 335 Madison Ave
                                                            New York, NY 20034
                                                   Attention:
                                                   Facsimile: 212-503-7173

                                       8
<PAGE>

                               ISRAEL DISCOUNT BANK OF NEW YORK

                               /s/ Alan Lefkowitz
                            By _______________________________
                               Name: Alan Lefkowitz
                               Title: FVP
                               Address: 511 5th Avenue, New York, New York 10017
                               Attention: Alan Lefkowitz
                               Facsimile: 212 551 8720

                               /s/ Lucas Ramirez
                            By _______________________________
                               Name: Lucas Ramirez
                               Title: AVP
                               Address: 511 5th Avenue, New York, New York 10017
                               Attention: Lucas Ramirez
                               Facsimile: 212 551 8720

                            JP MORGAN CHASE BANK, TORONTO
                            BRANCH, individually and as Canadian Agent

                            By _______________________________
                               Name:
                               Title:
                               Address:
                               Attention:
                               Facsimile:

                            MANUFACTURERS BANK

                            By _______________________________
                               Name:
                               Title:
                               Address:
                               Attention:
                               Facsimile:

                                       9
<PAGE>

                            ISRAEL DISCOUNT BANK OF NEW YORK

                            By _______________________________
                               Name:
                               Title:
                               Address:
                               Attention:
                               Facsimile:

                            By _______________________________
                               Name:
                               Title:
                               Address:
                               Attention:
                               Facsimile:

                            JP MORGAN CHASE BANK, TORONTO
                            BRANCH, individually and as Canadian Agent

                               /s/ Christine Chan
                            By _______________________________
                               Name: Christine Chan
                               Title: Vice President
                               Address: 200 Bay Street, Royal Bank Plaza,
                                        South Tower, 18th Floor, Toronto,
                                        Ontario M5J 2J2 Canada
                               Attention: Christine Chan
                               Facsimile: 416-981-9138

                            MANUFACTURERS BANK

                            By _______________________________
                               Name:
                               Title:
                               Address:
                               Attention:
                               Facsimile:

                                       9
<PAGE>

                            ISRAEL DISCOUNT BANK OF NEW YORK

                            By _______________________________
                               Name:
                               Title:
                               Address:
                               Attention:
                               Facsimile:

                            By _______________________________
                               Name:
                               Title:
                               Address:
                               Attention:
                               Facsimile:

                            JP MORGAN CHASE BANK, TORONTO
                            BRANCH, individually and as Canadian Agent

                            By _______________________________
                               Name:
                               Title:
                               Address:
                               Attention:
                               Facsimile:

                            MANUFACTURERS BANK

                               /s/ Sandy Lee
                            By _______________________________
                               Name: Sandy Lee
                               Title: Vice President
                               Address: 515 S. Figueroa St.
                                        Los Angeles, CA 90071
                               Attention: Sandy Lee
                               Facsimile: 213-489-6028

                                       9
<PAGE>

                             U.S. BANK NATIONAL ASSOCIATION

                             By   /s/ Joan F. Stigllanoi
                                 ___________________________________________
                                 Name:      Joan F. Stigliano
                                 Title:     Senior Vice President
                                            Entertainment Industries Group
                                 Address:   U.S. Bank, National Association
                                 Attention: 633 West Fifth Street 30th Floor
                                            Los Angeles, CA 90071
                                 Facsimile: 213/615-6797

                             SOCIETE GENERALE

                             By
                                 ___________________________________________

                                 Name:
                                 Title:
                                 Address:
                                 Attention:
                                 Facsimile:

                             THE LEWIS HORWITZ ORGANIZATION, a
                             division of Imperial Capital Bank

                             By
                                 ___________________________________________

                                 Name:
                                 Title:
                                 Address:
                                 Attention:
                                 Facsimile:

                             UNION BANK OF CALIFORNIA, N.A.

                             By
                                 ___________________________________________

                                 Name:
                                 Title:
                                 Address:
                                 Attention:
                                 Facsimile:

                                       10

<PAGE>

                             U.S. BANK NATIONAL ASSOCIATION

                             By
                                 ___________________________________________
                                 Name:
                                 Title:
                                 Address:
                                 Attention:
                                 Facsimile:

                             SOCIETE GENERALE

                             By  /s/ Mark Vigil
                                 ___________________________________________

                                 Name:      Mark Vigil
                                 Title:     Managing Director
                                 Address:   1221 Avenue of the Americas
                                            New York, NY 10020
                                 Attention: Mark Vigil
                                 Facsimile: (212) 278-6146

                             THE LEWIS HORWITZ ORGANIZATION, a
                             division of Imperial Capital Bank

                             By
                                 ___________________________________________

                                 Name:
                                 Title:
                                 Address:
                                 Attention:
                                 Facsimile:

                             UNION BANK OF CALIFORNIA, N.A.

                             By
                                 ___________________________________________

                                 Name:
                                 Title:
                                 Address:
                                 Attention:
                                 Facsimile:

                                       10
<PAGE>

                             U.S. BANK NATIONAL ASSOCIATION

                             By
                                 ___________________________________________
                                 Name:
                                 Title:
                                 Address:
                                 Attention:
                                 Facsimile:

                             SOCIETE GENERALE

                             By
                                 ___________________________________________

                                 Name:
                                 Title:
                                 Address:
                                 Attention:
                                 Facsimile:

                             THE LEWIS HORWITZ ORGANIZATION, a
                             division of Imperial Capital Bank

                             By  /s/ [SIGNATURE ILLEGIBLE]
                                 ___________________________________________

                                 Name:       David [ILLEGIBLE]
                                 Title:      VP/M.D.
                                 Address:    1840 Century Park East #1000
                                 Attention:
                                 Facsimile:  310 275-8055

                             UNION BANK OF CALIFORNIA, N.A.

                             By
                                 ___________________________________________

                                 Name:
                                 Title:
                                 Address:
                                 Attention:
                                 Facsimile:

                                       10
<PAGE>

                             U.S. BANK NATIONAL ASSOCIATION

                             By
                                 ___________________________________________
                                 Name:
                                 Title:
                                 Address:
                                 Attention:
                                 Facsimile:

                             SOCIETE GENERALE

                             By
                                 ___________________________________________

                                 Name:
                                 Title:
                                 Address:
                                 Attention:
                                 Facsimile:

                             THE LEWIS HORWITZ ORGANIZATION, a
                             division of Imperial Capital Bank

                             By
                                 ___________________________________________

                                 Name:
                                 Title:
                                 Address:
                                 Attention:
                                 Facsimile:

                             UNION BANK OF CALIFORNIA, N.A.

                             By  /s/ Kin Cheng
                                 ___________________________________________

                                 Name:       Kin Cheng
                                 Title:      Assistant Vice President
                                 Address:    445 S. Figueroa St. 16th Floor
                                             LA, CA  90071
                                 Attention:  Danny Mandel
                                 Facsimile:  213-236-5852

                                       10
<PAGE>
                                     WESTLB AG (formerly Westdeutsche Landesbank
                                     Girozentrale), NEW YORK BRANCH

                                     By
                                        ----------------------------------------
                                        Name:
                                        Title:
                                        Address:
                                        Attention:
                                        Facsimile:

                                     By
                                        ----------------------------------------
                                        Name:
                                        Title:
                                        Address:
                                        Attention:
                                        Facsimile:

                                     THE ROYAL BANK OF SCOTLAND PLC

                                     By /s/ T. Castledine
                                        ----------------------------------------
                                        Name:  TREVOR CASTLEDINE
                                        Title: AUTHORISED SIGNATORY
                                        Address:
                                        Attention:
                                        Facsimile:

                                     ARES VI CLO LTD.

                                     By
                                        ----------------------------------------
                                        Name:
                                        Title:
                                        Address:
                                        Attention:
                                        Facsimile:

                                       11
<PAGE>
                                     WESTLB AG (formerly Westdeutsche Landesbank
                                     Girozentrale), NEW YORK BRANCH

                                     By
                                        ----------------------------------------
                                        Name:
                                        Title:
                                        Address:
                                        Attention:
                                        Facsimile:

                                     By
                                        ----------------------------------------
                                        Name:
                                        Title:
                                        Address:
                                        Attention:
                                        Facsimile:

                                     THE ROYAL BANK OF SCOTLAND PLC

                                     By
                                        ----------------------------------------
                                        Name:
                                        Title:
                                        Address:
                                        Attention:
                                        Facsimile:

                                     ARES VI CLO LTD.

                                     By /s/ Seth J. Brufsky
                                        ----------------------------------------
                                        Name:  SETH J. BRUFSKY
                                        Title: VICE PRESIDENT
                                        Address:
                                        Attention:
                                        Facsimile:

                                       11
<PAGE>
                                         ARES VII CLO LTD.

                                         By  /s/     Seth J. Brufsky
                                            _____________________________

                                            Name:     SETH J. BRUFSKY
                                            Title:    VICE PRESIDENT
                                            Address:
                                            Attention:
                                            Facsimile:

                                         ARES VIII CLO LTD.

                                         By  /s/      Seth J. Brufsky
                                            _____________________________

                                            Name:     SETH J. BRUFSKY
                                            Title:    VICE PRESIDENT
                                            Address:
                                            Attention:
                                            Facsimile:

                                         ARES LEVERAGED INVESTMENT FUND II,
                                         L.P.

                                         By   /s/     Seth J. Brufsky
                                            _____________________________

                                            Name:     SETH J. BRUFSKY
                                            Title:    VICE PRESIDENT
                                            Address:
                                            Attention:
                                            Facsimile:

                                         BLACKROCK LIMITED DURATION INCOME
                                         TRUST

                                         By
                                            _____________________________

                                            Name:
                                            Title:
                                            Address:
                                            Attention:
                                            Facsimile:

                                       12
<PAGE>
                                          ELC (CAYMAN) LTD. 1999-II

                                          By
                                             _____________________________

                                             Name:
                                             Title:
                                             Address:
                                             Attention:
                                             Facsimile:

                                          ELC (CAYMAN) LTD. 1999-III

                                          By
                                             _____________________________

                                             Name:
                                             Title:
                                             Address:
                                             Attention:
                                             Facsimile:

                                          ELC (CAYMAN) LTD. 2000-I

                                          By
                                             _____________________________

                                             Name:
                                             Title:
                                             Address:
                                             Attention:
                                             Facsimile:

                                          MAPLEWOOD (CAYMAN) LIMITED

                                          By
                                             _____________________________

                                             Name:
                                             Title:
                                             Address:
                                             Attention:
                                             Facsimile:

                                       14
<PAGE>

                                       MASSACHUSETTS MUTUAL LIFE
                                       INSURANCE COMPANY

                                       By
                                          _____________________________

                                          Name:
                                          Title:
                                          Address:
                                          Attention:
                                          Facsimile:

                                       PRESEUS CDO I LIMITED

                                       By
                                          _____________________________

                                          Name:
                                          Title:
                                          Address:
                                          Attention:
                                          Facsimile:

                                       SEABOARD CLO 2000 LTD.

                                       By
                                          _____________________________

                                          Name:
                                          Title:
                                          Address:
                                          Attention:
                                          Facsimile:

                                       SIMSBURY CLO, LIMITED

                                       By
                                          _____________________________

                                          Name:
                                          Title:
                                          Address:
                                          Attention:
                                          Facsimile:

                                       15
<PAGE>
                                          TRYON CLO LTD. 2000-I

                                          By
                                             _____________________________

                                             Name:
                                             Title:
                                             Address:
                                             Attention:
                                             Facsimile:

                                          EATON VANCE INSTITUTIONAL SENIOR
                                          LOAN FUND

                                          By
                                             _____________________________

                                             Name:
                                             Title:
                                             Address:
                                             Attention:
                                             Facsimile:

                                          EATON VANCE LIMITED DURATION
                                          INCOME FUND

                                          By
                                             _____________________________

                                             Name:
                                             Title:
                                             Address:
                                             Attention:
                                             Facsimile:

                                          EATON VANCE SENIOR FLOATING RATE
                                          TRUST

                                          By
                                             _____________________________

                                             Name:
                                             Title:
                                             Address:
                                             Attention:
                                             Facsimile:

                                       16
<PAGE>
                                    EATON VANCE SENIOR INCOME TRUST

                                    By
                                       _____________________________

                                       Name:
                                       Title:
                                       Address:
                                       Attention:
                                       Facsimile:

                                    EATON VANCE VT FLOATING-RATE
                                    INCOME FUND

                                    By
                                       _____________________________

                                       Name:
                                       Title:
                                       Address:
                                       Attention:
                                       Facsimile:

                                    GRAYSON & CO.

                                    By
                                       _____________________________

                                       Name:
                                       Title:
                                       Address:
                                       Attention:
                                       Facsimile:

                                    SENIOR DEBT PORTFOLIO

                                    By
                                       _____________________________

                                       Name:
                                       Title:
                                       Address:
                                       Attention:
                                       Facsimile:

                                       17
<PAGE>

                                    OXFORD STRATEGIC INCOME FUND

                                    By
                                       _____________________________

                                       Name:
                                       Title:
                                       Address:
                                       Attention:
                                       Facsimile:

                                    FIDELITY ADVISOR SERIES II: FIDELITY
                                    ADVISOR FLOATING HIGH RATE INCOME
                                    FUND (161)

                                    By
                                       _____________________________

                                       Name:
                                       Title:
                                       Address:
                                       Attention:
                                       Facsimile:

                                       18
<PAGE>
                                   ARCHIMEDES FUNDING III, LTD.

                                   BY: ING Capital Advisors LLC,
                                       as Collateral Manager

                                   BY: /s/ Steven Gorski
                                       ________________________________________
                                       Name:  Steven Gorski
                                       Title: Director

                                   ARCHIMEDES FUNDING IV (CAYMAN), LTD.

                                   BY: ING Capital Advisors LLC,
                                       as Collateral Manager

                                   BY: /s/ Steven Gorski
                                       ________________________________________
                                       Name:  Steven Gorski
                                       Title: Director

                                   ENDURANCE CLO I, LTD.

                                   By: ING Capital Advisors LLC,
                                       as Portfolio Manager

                                   BY: /s/ Steven Gorski
                                       ________________________________________
                                       Name:  Steven Gorski
                                       Title: Director

                                   ING-ORYX CLO LTD.

                                   BY: ING Capital Advisors LLC,
                                       as Collateral Manager

                                   BY: /s/ Steven Gorski
                                       ________________________________________
                                       Name:  Steven Gorski
                                       Title: Director

                                       19

<PAGE>
                                   NEMEAN CLO LTD.

                                   By: ING Capital Advisors LLC,
                                       as Investment Manager

                                   By: /s/ Steven Gorski
                                       ________________________________________
                                   Name:  Steven Gorski
                                   Title: Director

                                   SEQUILS-ING I (HBDGM), LTD.

                                   BY: ING Capital Advisors LLC,
                                       as Collateral Manager

                                   BY: /s/ Steven Gorski
                                       ________________________________________
                                   Name:  Steven Gorski
                                   Title: Director

                                   OCTAGON INVESTMENT PARTNERS II, LLC

                                   By  ________________________________________
                                       Name:
                                       Title:
                                       Address:
                                       Attention:
                                       Facsimile:

                                   OCTAGON INVESTMENT PARTNERS III, LTD.

                                   By  ________________________________________
                                       Name:
                                       Title:
                                       Address:
                                       Attention:
                                       Facsimile:

                                       20

<PAGE>
                                           OCTAGON INVESTMENT PARTNERS IV, LTD.

                                           By
                                             ----------------------------------
                                             Name:
                                             Title:
                                             Address:
                                             Attention:
                                             Facsimile:

                                           OCTAGON INVESTMENT PARTNERS V, LTD.

                                           By
                                             ----------------------------------
                                             Name:
                                             Title:
                                             Address:
                                             Attention:
                                             Facsimile:

                                            OCTAGON INVESTMENT PARTNERS VI, LTD.

                                            By
                                              ----------------------------------
                                             Title:
                                             Address:
                                             Attention:
                                             Facsimile:

                                       21
<PAGE>
                                           PUTNAM DIVERSIFIED INCOME TRUST

                                           By
                                             ----------------------------------
                                             Name:
                                             Title:
                                             Address:
                                             Attention:
                                             Facsimile:

                                           PUTNAM HIGH YIELD ADVANTAGE FUND

                                           By
                                             ----------------------------------
                                             Name:
                                             Title:
                                             Address:
                                             Attention:
                                             Facsimile:

                                            PUTNAM HIGH YIELD TRUST

                                            By
                                              ----------------------------------
                                             Name:
                                             Title:
                                             Address:
                                             Attention:
                                             Facsimile:

                                            PUTNAM VARIABLE TRUST - PVT HIGH
                                            YIELD FUND

                                            By
                                              ----------------------------------
                                             Name:
                                             Title:
                                             Address:
                                             Attention:
                                             Facsimile:

                                       22
<PAGE>
                                           FOOTHILL INCOME TRUST, LP

                                           By
                                             ----------------------------------
                                             Name:
                                             Title:
                                             Address:
                                             Attention:
                                             Facsimile:

                                       23
<PAGE>
                                                                      SCHEDULE A
                                                                      ----------

                            LIONS GATE ENTERTAINMENT

              ___% CONVERTIBLE SENIOR SUBORDINATED NOTES DUE 2024

--------------------------------------------------------------------------------
                  INDICATIVE TERM SHEET -- SEPTEMBER 21, 2004
--------------------------------------------------------------------------------

ISSUER:                         Lions Gate Entertainment Inc. ("U.S. Lions
                                Gate")

GUARANTOR:                      Lions Gate Entertainment Corp. ("Lions Gate")

TRADE DATE:                     October [__], 2004

SETTLEMENT DATE:                October [  ], 2004 (T+3)

MATURITY DATE:                  October 15, 2024

REPURCHASE AT OPTION OF HOLDER: Each holder may require U.S. Lions Gate to
                                repurchase the notes in cash, in whole or in
                                part, on each of October 15, 2011, 2014 and 2019
                                for a repurchase price equal to 100% of the
                                principal amount of the notes plus accrued and
                                unpaid interest and additional interest, if any,
                                to, but excluding, the date of repurchase.

OPTIONAL REDEMPTION BY COMPANY: Lions Gate may redeem all or portion of the
                                notes at its option on or after October 15, 2009
                                at the following redemption prices:

                                                                      Redemption
                                Date                                  Price
                                ------------------------------------------------
                                October 15, 2009 to October 14, 2010  [  ]%
                                October 15, 2010 to October 14, 2011  [  ]%
                                October 15, 2011 and thereafter       100.000%

OFFERING SIZE:                  $125,000,000

OVER-ALLOTMENT OPTION:          $25,000,000

FACE AMOUNT:                    $1,000

OFFERING PRICE:                 100.00

COUPON/YIELD TO MATURITY:       [__%]

COUPON PAYMENT DATES:           [October] 15 and [April] 15, beginning [April]
                                15, 2005

CLOSING SALE PRICE (______/04): $

CONVERSION PREMIUM:             [__%]

CONVERSION PRICE:               $[__]

CONVERSION RATIO:               [__]

GUARANTEE:                      The notes will be fully and unconditionally
                                guaranteed by Lions Gate, U.S. Lions Gate's
                                ultimate parent company.

RANKING:                        The notes and the related guarantee, as
                                applicable;

                                  -  will be unsecured senior subordinated
                                     obligations;

                                       24
<PAGE>
                         -  will rank subordinate in right of payment to (1) up
                            to $340 million outstanding principal amount of bank
                            debt, (2) up to $75 million outstanding principal
                            amount of vendor financing, and (3) secured
                            financing in connection with motion picture and
                            television productions and/or acquisitions, or
                            acquisitions of libraries or catalogues, with
                            respect to such secured financing, only to the
                            extent of the value of the assets secured;

                         -  will be effectively subordinated to all other
                            existing and future secured indebtedness of U.S.
                            Lions Gate or Lions Gate, as applicable, to the
                            extent of the value of the assets securing such
                            debt;

                         -  will be effectively subordinated to the liabilities,
                            including trade payables, of Lions Gate's direct and
                            indirect subsidiaries other than U.S. Lions Gate;
                            and

                         -  other than as set out above, will rank on parity in
                            right of payment with all U.S. Lions Gate's and
                            Lions Gate's existing and future unsecured senior
                            debt.

CONVERSION:         Each holder may convert the notes into common shares of
                    Lions Gate at a conversion rate of _____ common shares per
                    $1,000 principal amount of notes, subject to adjustment,
                    before the close of business on the trading day immediately
                    before the maturity date, unless the notes have been
                    previously redeemed or repurchased, under any of the
                    following circumstances during the periods specified:

                         -  if, on or before October 15, 2019, the closing price
                            of the common shares of Lions Gate for at least 20
                            trading days in the 30 consecutive trading day
                            period ending on the eleventh trading day of the
                            preceding fiscal quarter exceeds 120% of the
                            then-current conversion price in effect, then the
                            holder will have the right to convert its notes
                            until the eleventh trading day of the immediately
                            following fiscal quarter;

                         -  if, on any trading day after October 15, 2019, the
                            closing sale price of the common shares of Lions
                            Gate exceeds 120% of the then-current conversion
                            price in effect, then the holder will have the right
                            to convert its notes at all times thereafter until
                            the close of business on the trading day immediately
                            before the maturity date;

                         -  if, at any time on or before October 15, 2019, the
                            trading price per $1,000 principal amount of notes
                            for each trading day of any five consecutive
                            trading-day period was less than 98% of the product
                            of the closing sale price of the common shares of
                            Lions Gate and the conversion rate then in effect,
                            then the

                                       25

<PAGE>
                              holder will have the right to convert its notes
                              until the close of business on the fifth trading
                              day immediately following the conclusion of any
                              such five consecutive trading-day period;

                          -   if U.S. Lions Gate calls the holder's notes for
                              redemption, the holder will have the right to
                              convert the notes called for redemption from the
                              date of the notice of redemption until the close
                              of business on the trading day immediately before
                              the redemption date, after which time the
                              holder's right to convert will expire unless U.S.
                              Lions Gate defaults in the payment of the
                              redemption price;

                          -   if Lions Gate distributes to all or substantially
                              all holders of its common shares, rights, options
                              or warrants entitling them to purchase its common
                              shares at a price less than the average closing
                              sale price of the common shares of Lions Gate for
                              the ten trading days ending on the trading day
                              immediately before the declaration date, the
                              holder will have the right to convert its notes
                              until a specified date unless it can participate
                              in the distribution without converting its notes;
                              or

                          -   if Lions Gate distributes to all holders of its
                              common shares, cash or other assets, debt
                              securities or rights to purchase its securities,
                              which distribution has a per common share value
                              exceeding 5% of the closing sale price of its
                              common shares on the trading day immediately
                              before the declaration date for such
                              distribution, the holder will have the right to
                              convert its notes until a specified date unless
                              it can participate in the distribution without
                              converting its notes.

                      In addition, if Lions Gate or U.S. Lions Gate becomes a
                      party to a consolidation, merger, binding share exchange
                      or sale or conveyance of all or substantially all of its
                      property and assets that constitutes a "designated event"
                      (a change in control (as defined) or a termination of
                      trading), or such an event occurs that would have been a
                      change in control but for certain exceptions, then the
                      holder will have the right to convert its notes beginning
                      15 days before the date announced by Lions Gate or U.S.
                      Lions Gate, as the case may be, as the anticipated
                      effective date of the transaction until and including the
                      date which is 15 days after the actual effective date of
                      the transaction. Under certain circumstances, the holder
                      will also be entitled to receive a make whole premium
                      upon such a change in control.

HOLDERS REPURCHASE
RIGHT:                Holders will have the right to require U.S. Lions Gate to
                      repurchase the notes at par upon a designated event.

MAKE WHOLE PREMIUM:   Upon the occurrence of a change in control, under certain
                      circumstances U.S. Lions Gate will pay, in addition to
                      the repurchase price, a make whole premium on notes
                      converted or tendered for repurchase in connection with
                      the change in control.

                                       26
<PAGE>
                     The amount of the make whole premium, if any, will be based
                     on the price of the common shares of Lions Gate on the
                     effective date of the designated event. No make whole
                     premium will be paid if the price of the common shares of
                     Lions Gate is less than $[7.00] or if the price of the
                     common shares of Lions Gate exceeds $[50.00] (in each case,
                     subject to adjustment).

                     In the event of a change in control that would otherwise
                     trigger the obligation of U.S. Lions Gate to pay the make
                     whole premium, U.S. Lions Gate will have the option of
                     paying the make whole premium to the holders or causing the
                     notes to be convertible into common shares of the surviving
                     company in such change in control so long as such shares
                     are traded primarily on a national securities exchange or
                     quoted primarily on the NASDAQ Market.

RATING:              Not rated

GROSS SPREAD:        3.00%

PLACEMENT AGENTS:    SG Cowen & Co., LLC

OFFERING TYPE:       144A offering

CUSIP NUMBER:        --

COMMON STOCK TICKER: LGF

USE OF PROCEEDS:     To repay certain obligations under existing credit facility
                     and for general corporate purposes, including acquisitions.

    The terms set forth above are to be kept in strictest confidence; any
reproduction or distribution of such terms, in whole or in part, or disclosure
of any of its contents is strictly prohibited. The terms set forth above do not
constitute a direct or implied commitment on the part of SG Cowen to sell the
securities. Such engagement shall be set forth in a separate agreement and may
be subject to, among other things, satisfactory completion of due diligence by
SG Cowen, market conditions, the absence of adverse changes to the Company's
business or financial condition, approval of SG Cowen's internal committee and
any other conditions that SG Cowen may deem appropriate for transactions of
such nature.

                                       27exv4w9

 

EXHIBIT 4.9

EXECUTION COPY

INSTRUMENT OF RESIGNATION OF TRUSTEE, APPOINTMENT AND ACCEPTANCE OF

SUCCESSOR TRUSTEE

     INSTRUMENT OF RESIGNATION, APPOINTMENT AND ACCEPTANCE OF SUCCESSOR TRUSTEE
(“Instrument”), dated as of September 29, 2004, among HANOVER EQUIPMENT TRUST
2001A, a Delaware business trust (the “Issuer”), the Hanover Guarantors,
WILMINGTON TRUST FSB, a federal savings bank duly organized and existing under
the laws of the United States (the “Resigning Trustee”), and U.S. BANK TRUST
NATIONAL ASSOCIATION, a national banking corporation (the “Successor Trustee”).
Capitalized terms not defined herein shall have the meaning given to such
terms in the Indenture dated as of August 30, 2001, among the Issuer, the
Hanover Guarantors and the Resigning Trustee (the “Indenture”).

RECITALS

     Each party agrees as follows for the benefit of the other parties and for
the equal and ratable benefit of the holders of (i) the Issuer’s 8.50% Senior
Secured Notes due 2008 outstanding on the date hereof (the “Initial
Securities”) and (ii) if and when issued in exchange for the Initial Securities
as provided in the Exchange and Registration Rights Agreement or a similar
agreement relating to the Initial Securities, the Issuer’s 8.50% Senior Secured
Notes due 2008.

     The Resigning Trustee wishes to resign as Trustee, Collateral Agent,
Registrar and Paying Agent under the Indenture; the Issuer wishes to appoint
the Successor Trustee to succeed the Resigning Trustee as Trustee, Collateral
Agent, Registrar and Paying Agent under the Indenture; and the Successor
Trustee wishes to accept appointment as Trustee, Collateral Agent, Registrar
and Paying Agent under the Indenture.

     NOW, THEREFORE, in consideration of the mutual covenants and promises
herein, the receipt and sufficiency of which is hereby acknowledged, the
Issuer, the Resigning Trustee and the Successor Trustee agree as follows:

ARTICLE ONE

THE RESIGNING TRUSTEE

     Section 1.01. Pursuant to Section 7.8 of the Indenture, the Resigning
Trustee hereby notifies the Issuer that the Resigning Trustee is hereby
resigning as Trustee, Collateral Agent, Registrar and Paying Agent under the
Indenture.

     Section 1.02. The Resigning Trustee hereby represents and warrants to the
Successor Trustee that:

           (i) No covenant or condition contained in the Indenture has been waived by
the Resigning Trustee or by the holders of the Notes (as hereinafter defined).

 

 

           (ii) There is no action, suit or proceeding pending or, to the best of the
knowledge of the responsible officers of the Resigning Trustee assigned to its
corporate trust department, threatened against the Resigning Trustee before any
court or governmental authority arising out of any action or omission by the
Resigning Trustee as Trustee under the Indenture.

           (iii) To the best of the knowledge of the responsible officers of the
Resigning Trustee assigned to its corporate trust department, the Resigning
Trustee has lawfully discharged its duties as Trustee under the Indenture.

           (iv) The Resigning Trustee certifies that $300 million in aggregate
principal amount of the Issuer’s 8.50% Senior Secured Notes due 2008 are
outstanding (the “Notes”) and all interest due on the Notes has been paid to
the holders of the Notes through September 1, 2004.

           (v) The Resigning Trustee certifies that the amounts set forth in Schedule
A with respect to each Issuer trust account accurately set forth the amount
contained in such account as of the date hereof.

           (vi) To the best of the knowledge of the responsible officers of the
Resigning Trustee assigned to its corporate trust department, no default or
Event of Default currently exists or, that but for the passage of time or the
giving of notice, would exist under the Indenture.

           (vii) To the best of the knowledge of the responsible officers of the
Resigning Trustee assigned to its corporate trust department, the Indenture has
not been amended or modified and is in full force and effect.

           (viii) This Instrument has been duly authorized, executed and delivered on
behalf of the Resigning Trustee.

     Section 1.03. The Resigning Trustee hereby assigns, transfers, delivers
and confirms to the Successor Trustee all right, title and interest of the
Resigning Trustee in and to the trust under the Indenture, all the rights,
powers and trusts of the Trustee under the Indenture and all property and money
held by such Resigning Trustee under the Indenture. The Resigning Trustee
shall execute and deliver such further instruments and shall do such other
things as the Successor Trustee may reasonably require so as to more fully and
certainly vest and confirm in the Successor Trustee all the rights, powers and
trusts hereby assigned, transferred, delivered and confirmed to the Successor
Trustee.

     Section 1.04. The Resigning Trustee hereby resigns as Trustee, Collateral
Agent, Registrar and Paying Agent under the Indenture.

ARTICLE TWO

THE ISSUER

     Section 2.01. The Issuer hereby certifies that the Issuer is, and the
officer of the Issuer who has executed this Instrument is, duly authorized to:
(a) accept the Resigning Trustee’s

-2-

 

resignation as Trustee under the Indenture; (b) appoint the Successor
Trustee as Trustee under the Indenture; and (c) execute and deliver such
agreements and other instruments as may be necessary or desirable to effectuate
the succession of the Successor Trustee as Trustee under the Indenture.

     Section 2.02. The Issuer hereby appoints the Successor Trustee as Trustee
under the Indenture and confirms to the Successor Trustee all the rights,
powers and trusts of the Trustee under the Indenture and with respect to all
property and money held or to be held under the Indenture. The Issuer shall
execute and deliver such further instruments and shall do such other things as
the Successor Trustee may reasonably require so as to more fully and certainly
vest and confirm in the Successor Trustee all the rights, powers and trusts
hereby assigned, transferred, delivered and confirmed to the Successor Trustee.

     Section 2.03. The Issuer hereby represents and warrants to the Successor
Trustee that:

           (i) The Issuer has no knowledge of the occurrence of any Event of Default
under the Indenture.

           (ii) No covenant or condition contained in the Indenture has been waived
by the holders of the Notes.

           (iii) The Indenture has not been amended or modified, and is in full force
and effect.

           (iv) The Notes are validly issued and outstanding securities of the
Issuer.

           (v) The Issuer is a Delaware business trust.

           (vi) There is no action, suit or proceeding pending or, to the best of the
Issuer’s knowledge, threatened against the Issuer before any court or any
governmental authority arising out of any action or omission by the Issuer
under the Indenture.

           (vii) This Instrument has been duly authorized, executed and delivered on
behalf of the Issuer.

           (viii) All conditions precedent relating to the appointment of the
Successor Trustee as successor Trustee under the Indenture have been complied
with by the Issuer.

     Section 2.04. The Issuer hereby appoints the Successor Trustee as
Collateral Agent, Registrar and Paying Agent under the Indenture.

ARTICLE THREE

THE SUCCESSOR TRUSTEE

     Section 3.01. The Successor Trustee hereby represents and warrants to the
Resigning Trustee and to the Issuer that the Successor Trustee is qualified and
eligible under the provisions of Section 7.10 of the Indenture to act as
Trustee under the Indenture. Successor Trustee is a

-3-

 

national banking association duly organized and validly existing under the
laws of the United States and is subject to the supervision of the Comptroller
of the Currency of the United States as provided in the National Banking Act.
Annexed hereto as Exhibit A are true and correct copies of the certificates
evidencing the authority of the Successor Trustee to exercise trust powers.
The authorization evidenced by such certificates is in full force and effect on
the date hereof.

     Section 3.02. The Successor Trustee hereby accepts its appointment as
Trustee under the Indenture and shall hereby be vested with all the rights,
powers and trusts of the Trustee under the Indenture and with respect to all
property and money held or to be held under the Indenture.

     Section 3.03. The Successor Trustee hereby accepts its appointment as
Collateral Agent, Registrar and Paying Agent under the Indenture.

     Section 3.04. Promptly after the execution and delivery of this
Instrument, the Successor Trustee, on behalf of the Issuer, shall cause a
notice, a form of which is annexed hereto marked Exhibit B, to be sent to each
registered owner of the Notes.

ARTICLE FOUR

MISCELLANEOUS

     Section 4.01. This Instrument and the resignation, appointment and
acceptance effected hereby shall be effective as of the close of business on
the date first above written, upon the execution and delivery hereof by each of
the parties hereto.

     Section 4.02. Notwithstanding the resignation of the Resigning Trustee
effected hereby, the Issuer shall remain obligated under Section 7.7 of the
Indenture and Section 13 of the Participation Agreement to reimburse or cause
to be reimbursed and indemnify the Resigning Trustee in connection with its
prior trusteeship under the Indenture; provided, however, that the Resigning
Trustee shall assume responsibility for its own costs incurred in connection
with its resignation.

     Section 4.03. This Instrument shall be governed by and construed in
accordance with the laws of the jurisdiction which govern the Indenture and its
construction.

     Section 4.04. This Instrument may be executed in any number of
counterparts each of which shall be an original, but such counterparts shall
together constitute but one and the same instrument.

[Remainder of Page Intentionally Left Blank]

-4-

 

     IN WITNESS WHEREOF, the parties hereto have caused this Instrument of
Resignation, Appointment and Acceptance of Successor Trustee to be duly
executed as of the day and year first above written.

	 	 	 	 	 	 	 
	 	 	HANOVER EQUIPMENT TRUST 2001A
	 
	 	 	 	 	 	 
	 	 	By:	 	WILMINGTON TRUST COMPANY, not
individually but solely as trustee of the Issuer
	 
	 	 	 	 	 	 
	

	 	 	 	By:
	 	/s/ David A. Vanaskey, Jr.
	

	 	 	 	Name:
	 	David A. Vanaskey, Jr.
	

	 	 	 	Title:
	 	Vice President
	 
	 	 	 	 	 	 
	 	 	WILMINGTON TRUST FSB, as Resigning Trustee
	 
	 	 	 	 	 	 
	

	 	By:
	 	 	 	/s/ John M. Beeson, Jr.
	

	 	 	 	Name:
	 	John M. Beeson, Jr.
	

	 	 	 	Title:
	 	Vice President
	 
	 	 	 	 	 	 
	 	 	U.S. BANK TRUST NATIONAL ASSOCIATION,
as Successor Trustee
	 
	 	 	 	 	 	 
	

	 	By:
	 	 	 	/s/ Richard Prokosch
	

	 	 	 	Name:
	 	Richard Prokosch
	

	 	 	 	Title:
	 	Vice President
	 
	 	 	 	 	 	 
	 	 	HANOVER GUARANTORS
	 
	 	 	 	 	 	 
	 	 	HANOVER COMPRESSOR COMPANY
	 
	 	 	 	 	 	 
	

	 	By:
	 	 	 	/s/ John E. Jackson
	

	 	 	 	Name:
	 	John E. Jackson
	

	 	 	 	Title:
	 	Senior Vice President and Chief Financial Officer
	 
	 	 	 	 	 	 
	 	 	HANOVER COMPRESSION LIMITED PARTNERSHIP
	 
	 	 	 	 	 	 
	

	 	By:
	 	 	 	/s/ John E. Jackson
	

	 	 	 	Name:
	 	John E. Jackson
	

	 	 	 	Title:
	 	Senior Vice President and Chief Financial Officer

-5-

 

EXHIBIT A

Trust Certificates (Attached)

 

 

COMPLIANCE CERTIFICATE

	 	 	 
	To:

	 	U.S. Bank Trust National Association

300 Delaware Avenue

Suite 812

Wilmington, DE 19801

     Wilmington Trust Company, not in its individual capacity but solely as
trustee of the Hanover Equipment Trust 2001A (“Trustee”), pursuant to Section
3.25 of the Indenture, dated as of August 30, 2001, providing for the issuance
of an aggregate principal amount of 8.5% Senior Secured Notes due 2008 (the
“Indenture”) among Hanover Equipment Trust 2001A (“Issuer”), the Hanover
Guarantors and U.S. Bank Trust National Association, as successor trustee and
collateral agent, do hereby certify as follows:

	 	1.	 	In the course of the performance of the Trustee’s duties as
Trustee of the Issuer, the Trustee would normally have knowledge of
any Default or Event of Default which would have occurred under the
terms of the Indenture.
	 
	 	2.	 	To the best of the Trustee’s knowledge, no Default of Event
of Default has occurred and is continuing under the terms of the
Indenture.
	 
	 	3.	 	To the best of the Trustee’s knowledge, the Issuer is in
compliance with all applicable conditions and covenants under the
terms of the Indenture.
	 
	 	4.	 	Capitalized terms used but not defined herein shall have the
meanings ascribed to them in the Indenture.

     As of December 31, 2001

	 	 	 	 	 
	

	 	 	 	HANOVER EQUIPMENT TRUST 2001A
	 
	 	 	 	 
	

	 	By:
	 	WILMINGTON TRUST COMPANY, not
individually but solely as trustee
of the
Hanover Equipment Trust 2001A
	 
	 	 	 	 
	

	 	By:
	 	/s/ David A. Vanaskey, Jr.

David A. Vanaskey, Jr.

Vice President
	 
	 	 	 	 
	

	 	Date:
	 	September 29, 2004

 

 

COMPLIANCE CERTIFICATE

	 	 	 
	To:

	 	U.S. Bank Trust National Association

300 Delaware Avenue

Suite 812

Wilmington, DE 19801

     Wilmington Trust Company, not in its individual capacity but solely as
trustee of the Hanover Equipment Trust 2001A (“Trustee”), pursuant to Section
3.25 of the Indenture, dated as of August 30, 2001, providing for the issuance
of an aggregate principal amount of 8.5% Senior Secured Notes due 2008 (the
“Indenture”) among Hanover Equipment Trust 2001A (“Issuer”), the Hanover
Guarantors and U.S. Bank Trust National Association, as successor trustee and
collateral agent, do hereby certify as follows:

	 	1.	 	In the course of the performance of the Trustee’s duties as
Trustee of the Issuer, the Trustee would normally have knowledge of
any Default or Event of Default which would have occurred under the
terms of the Indenture.
	 
	 	2.	 	To the best of the Trustee’s knowledge, no Default of Event
of Default has occurred and is continuing under the terms of the
Indenture.
	 
	 	3.	 	To the best of the Trustee’s knowledge, the Issuer is in
compliance with all applicable conditions and covenants under the
terms of the Indenture.
	 
	 	4.	 	Capitalized terms used but not defined herein shall have the
meanings ascribed to them in the Indenture.

     As of December 31, 2002

	 	 	 	 	 
	

	 	 	 	HANOVER EQUIPMENT TRUST 2001A
	 
	 	 	 	 
	

	 	By:
	 	WILMINGTON TRUST COMPANY, not
individually but solely as trustee of the
Hanover Equipment Trust 2001A
	 
	 	 	 	 
	

	 	By:
	 	/s/ David A. Vanaskey, Jr.

David A. Vanaskey, Jr.

Vice President
	 
	 	 	 	 
	

	 	Date:
	 	September 29, 2004

 

 

COMPLIANCE CERTIFICATE

	 	 	 
	To:

	 	U.S. Bank Trust National Association

300 Delaware Avenue

Suite 812

Wilmington, DE 19801

     Wilmington Trust Company, not in its individual capacity but solely as
trustee of the Hanover Equipment Trust 2001A (“Trustee”), pursuant to Section
3.25 of the Indenture, dated as of August 30, 2001, providing for the issuance
of an aggregate principal amount of 8.5% Senior Secured Notes due 2008 (the
“Indenture”) among Hanover Equipment Trust 2001A (“Issuer”), the Hanover
Guarantors and U.S. Bank Trust National Association, as successor trustee and
collateral agent, do hereby certify as follows:

	 	1.	 	In the course of the performance of the Trustee’s duties as
Trustee of the Issuer, the Trustee would normally have knowledge of
any Default or Event of Default which would have occurred under the
terms of the Indenture.
	 
	 	2.	 	To the best of the Trustee’s knowledge, no Default of Event
of Default has occurred and is continuing under the terms of the
Indenture.
	 
	 	3.	 	To the best of the Trustee’s knowledge, the Issuer is in
compliance with all applicable conditions and covenants under the
terms of the Indenture.
	 
	 	4.	 	Capitalized terms used but not defined herein shall have the
meanings ascribed to them in the Indenture.

     As of December 31, 2003

	 	 	 	 	 
	

	 	 	 	HANOVER EQUIPMENT TRUST 2001A
	 
	 	 	 	 
	

	 	By:
	 	WILMINGTON TRUST COMPANY, not
individually but solely as trustee of the
Hanover Equipment Trust 2001A
	 
	 	 	 	 
	

	 	By:
	 	/s/ David A. Vanaskey, Jr.

David A. Vanaskey, Jr.

Vice President
	 
	 	 	 	 
	

	 	Date:
	 	September 29, 2004

 

 

EXHIBIT B

     Notice to Registered Owners of Hanover Equipment Trust 2001A’s 8.50%
Senior Secured Notes due 2008 (the “Notes”):

     We hereby notify you of the resignation of Wilmington Trust FSB as Trustee
under the Indenture, dated as of August 30, 2001 (the “Indenture”), pursuant to
which your Notes were issued and are outstanding.

     U.S. Bank Trust National Association, whose Delaware trust office is
located at 300 Delaware Avenue, Suite 812, Wilmington, DE 19801, has been
appointed as successor Trustee under the Indenture, which appointment has been
accepted and has become effective as of September 29, 2004.

	 	 	 
	

	 	HANOVER EQUIPMENT TRUST 2001A
	 
	 	 
	

	 	By: U.S. BANK TRUST NATIONAL ASSOCIATION, not individually but solely as
trustee of the Hanover Equipment Trust 2001A
	 
	 	 
	

	 	By:                                                         
	

	 	Name:
	

	 	Title:

Date: September 29, 2004

 

 

Schedule A

Hanover Equipment Trust 2001A Trust Accounts

	 	 	 	 	 
	Account No. 55957-0 (as of September 29, 2004)

	 	$	0

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