Document:

Exhibit 10.1

		
			SEPARATION AGREEMENT
		

		
			 
		

		
			 
		

		
			 
		

		
			This Separation Agreement (“Agreement”) is entered into on May 28, 2013 between Reading International, Inc., a Nevada corporation (“Company”), and John Hunter (“Employee”) in recognition of the following facts:
		

			
			
				 A.
			

			
			
			Pursuant to an employment agreement dated December 28, 2006 (the “Employment Agreement”), Employee has been employed by the Company as its Chief Operating Officer and as President of the Company’s subsidiaries in New Zealand and Australia.

		
			 
		

			
			
				 B.
			

			
			
			Employee has this date submitted his letter of resignation to the Company, effective as of the close of business on June 3, 2013.

		
			 
		

			
			
				 C.
			

			
			
			The parties desire to confirm the terms and conditions of Employee’s termination of employment with the Company.

		
			 
		

		
			            NOW, THEREFORE, the parties hereto agree as follows:
		

		
			 
		

			
			
				 1.
			

			
			
			The Company shall continue to pay Employee’s salary at the base pay rate of $400,000 per annum through June 3, 2013, with delivery of the final paycheck to him by the close of business on that date.

		
			 
		

			
			
				 2.
			

			
			
			By the close of business on June 3, 2013, the Company shall pay all of Employee’s accrued vacation pay in the amount documented, unpaid of approximately $35,577 (based on approximately 185 hours) and all of Employee’s outstanding duly-authorized business-related expenses.

		
			 
		

			
			
				 3.
			

			
			
			Anything in the Employment Agreement to the contrary notwithstanding, the Company shall not offset or withhold any portion of matching funds (in the amount of approximately $51,000) from Employee’s 401K Plan account, and the Company agrees that it has no claim against Employee to recover any portion of such matching funds.

		
			 
		

			
			
				 4.
			

			
			
			In accordance with the provisions of the Employment Agreement, the Company shall pay Employee a vested pension benefit of $400,000 on February 3, 2014, without interest.  Such pension benefit payment shall be subject to income tax withholding as if such payment was a bonus.

		
			 
		

			
			
				 5.
			

			
			
			For the period commencing June 4, 2013 through Wednesday, July 31, 2013, the Company shall retain Employee as an independent contractor to provide consulting services and support concerning the transfer of his prior employment responsibilities to others within the Company, such services to be provided electronically and remotely as much as feasible, with the possibility of some in-office attendance, but in no event shall all such services exceed five hours in any week.  In consideration of Employee’s making himself available for such services, the Company shall pay him $100,000 on June 15, 2013 and an additional $100,000 on July 15, 2013.

		
			 
		

			
			
				 6.
			

			
			
			Employee hereby agrees to all of the terms and conditions of the form of General Release which is attached hereto as Exhibit “A” and incorporated herein by this reference.

		
			 
		

			
			
				 7.
			

			
			
			This Agreement shall be binding upon and shall inure to the benefit of the successors of the parties hereto but shall not be assigned by either party without the prior written consent of the other party, which consent shall not be withheld unreasonably.

		
			 
		

			
			
				 8.
			

			
			
			This Agreement, with attached Exhibit “A”, constitutes the entire agreement between the parties hereto, and there are no understandings, representations or warranties of any kind between the parties except as expressly set forth.

		
			 
		

		 

 

			
			
				 9.
			

			
			
			If one or more of the provisions of this Agreement shall for any reasons be held to be invalid, illegal or unenforceable in any respect, such invalidity, illegality or unenforceability shall not affect any other provision of this Agreement.

		
			 
		

			
			
				 10.
			

			
			
			This Agreement may be executed simultaneously in counterparts, each of which shall be deemed an original, but all of which together shall constitute one and the same instrument.

		
			 
		

			
			
				 11.
			

			
			
			The fact of and the terms and conditions of this Agreement shall be kept confidential unless otherwise agreed by the parties in writing, except for such disclosures as may be necessary or appropriate to governmental authorities, including the Securities and Exchange Commission and national stock exchanges, financial institutions, accountants and attorneys for the parties.

		
			 
		

			
			
				 12.
			

			
			
			This Agreement has been negotiated by the parties and their respective counsel and shall be fairly interpreted in accordance with its terms and without any strict construction in favor of or against any party.

		
			 
		

			
			
				 13.
			

			
			
			This Agreement shall be construed in accordance with and governed by the laws of the State of California.

		
			 
		

			
			
				 14.
			

			
			
			If any action is brought for enforcement of this Agreement or for a declaration of rights, the successful or prevailing party shall be entitled to recover its reasonable attorneys fees and costs incurred (including costs of expert witnesses) in such action, in addition to any other relief to which it may be entitled.

		
			 
		

		
			            Executed by the parties on the date first above written.
		

		
			 
		

		
			/s/ John Hunter____________________
		

		
			John Hunter
		

		
			 
		

		
			READING INTERNATIONAL, INC.
		

		
			 
		

		
			By: /s/ Andrzej Matyczynski__________
		

		
			 
		

		
			 
		

		
			 
		

		
			 
		

		
			 
		

		
			 
		

		
			 
		

		
			 
		

		
			 
		

		
			 
		

		
			 
		

		
			 
		

		
			 
		

		
			 
		

		
			 
		

		
			 
		

		
			 
		

		
			 
		

		
			 
		

		
			 
		

		
			 
		

		
			 
		

		
			 
		

		
			 
		

		
			 
		

		
			 
		

		
			 
		

		

		

		 

 

		 
		

		
			 
		

		
			 
		

		
			 
		

		
			 
		

		
			 
		

		
			EXHIBIT A
		

		
			TO SEPARATION AGREEMENT
		

		
			 
		

		
			 
		

			
			
				 1.
			

			
			
			GENERAL RELEASE

		
			 
		

			
			
				 a.
			

			
			
			Separation Payments and Benefits.

		
			 
		

		
			Reference is made to the letter agreement, dated as of May 28, 2013 to which this Exhibit A is attached (the “Separation Agreement”), between Reading International, Inc. LLC (the “Company”) and Employee (as defined therein), under which the Company has offered to pay and provide to Employee, and Employee has agreed to accept, the separation and consulting payments and benefits as provided therein.
		

		
			 
		

			
			
				 b.
			

			
			
			Release of Company 

		
			 
		

		
			For and in consideration of the separation payments and benefits provided in the Separation Agreement, Employee, for himself or herself and for each of his or her heirs, executors, administrators, successors-in-interest, legal representatives and assigns, hereby irrevocably and unconditionally releases and discharges the Company, its successors and assigns, and its respective direct and indirect parents, subsidiaries and affiliates, together with their respective officers, directors, partners, shareholders, members, managers, employees and agents (together with the Company, collectively, the “Releasees”) from any and all claims, causes of action, or damages (including attorneys’ fees and costs actually incurred), of any nature whatsoever, whether known or unknown, suspected or unsuspected, that Employee had or claims to have had, or now has or claims to have against Releasees, or any of them, through the date of the execution of this Release.  This Release specifically includes any claims that relate to or arose out of Employee’s employment with the Company.  This Release also includes any claims for breach of contract, express or implied, any tort, any matter in anyway related to Employee’s employment, any acts or omissions of Releasees, or any legal restrictions or Company’s right to terminate employees, or any federal, state or other governmental statute, regulation or ordinance such as: (1) Title VII of the Civil Rights Act of 1964 (including, but not limited to, race, color, religion, sex, and natural origin); (2) 42 U.S.C. sec. 1981 (generally discrimination); (3) the Civil Rights Act of 1991; (4) The Age Discrimination in Employment Act; (5) the Employment Retirement Income Security Act of 1974, 29 U.S.C. Sec 1001 et seq; (6) The Older Workers’ Benefit Protection Act; and (7) any other laws, statutes and regulations relating to employment, employment discrimination, wage and hour matters and claims, and employment termination.  
		

		
			 
		

			
			
				 c.
			

			
			
			Waiver of Unknown Claims 

		
			 
		

		
			Employee, for himself or herself and his or her heirs, legal representatives, and assigns, does hereby expressly waive and relinquish all rights and benefits afforded by section 1542 of the California Civil Code or any comparable provisions of the laws of the State of Colorado or of federal laws, and does so understanding and acknowledging the significance and consequences of such specific waivers.  Said section 1542 of the Civil Code of California states as follows:
		

		
			 
		

		
			A general release does not extend to claims which the creditor does not know or suspect to exist in his or her favor at the time of executing the release, which if known by him or her must have materially affected his or her separation with the debtor.
		

		
			 
		

		
			Thus, notwithstanding the provisions of said section 1542, and for the purposes of implementing a full and complete release and discharge of Releasees and each of them, Employee expressly acknowledges that this Release is also intended to include in its effect, without limitation, all claims which Employee does not know or suspect to exist at the time of execution hereof, and that this Release contemplates the extinguishment of any such claims.
		

		

		

		 

 

		 
		

		
			Notwithstanding the foregoing or any other provision of this Release, this Release does not apply to Employee’s rights under (1) the Separation Agreement, (2) that certain Indemnification Agreement dated as of August 16, 2007 between the Company and Employee or (3) California Labor Code section 2802 or any other rights of Employee which as a matter of law cannot be waived or released.
		

		
			 
		

			
			
				 d.
			

			
			
			ADEA: Consideration/Rescission

		
			 
		

		
			Without limiting the scope of this Release in any way, Employee certifies that this Release constitutes a knowing and voluntary waiver of any and all rights or claims that exist or that Employee has or may claim to have under the Age Discrimination in Employment Act as amended by the Older Workers Benefit Protection Act (29 USC Section 621, et seq.) Employee acknowledges that (a) the separation payments and benefits provided pursuant to the Separation Agreement is in addition to any consideration that he or she would otherwise by entitled to receive, that (b) he or she has been and is hereby advised in writing to consult with an attorney prior to signing this Release, that (c) he or she has been provided a full and ample opportunity to study this Release, including a period of at least twenty-one- (21) days within which to consider it, that (d) to the extent Employee takes less than twenty-one (21) days to consider this Release prior to execution, Employee acknowledges that he or she has had sufficient time to consider this Release with his or her counsel, and that he or she expressly, voluntarily and knowingly waives any additional time, and that (e) he or she is aware of his or her rights to revoke this Release at any time within a seven (7) day period following the date he or she executes this Release with respect to claims arising under the ADEA as amended by the Older Workers’ Benefit Protection Act only.  To be effective, rescission must be in writing and delivered to the Company within the applicable rescission period.  If Employee does revoke this Release, the Company retains the right to revoke the Separation Agreement, in its entirety, within ten (10) days of receipt via registered mail of notice of such revocation.  Upon any such revocation notice, Employee shall, upon the Company’s request, promptly reimburse and return to the Company any and all separation payments and the cost of all separation benefits previously paid or provided to Employee under the Separation Agreement.
		

		
			 
		

			
			
				 e.
			

			
			
			No Assignment

		
			 
		

		
			Employee agrees that he or she (1) has not made any assignment of any claims released and discharged by this Release, (2) shall not hereafter make any assignment of any claims released and discharged by this Release, and (3) will indemnify and hold harmless Releasees, and each of them, from any such assignment.
		

		
			 
		

			
			
				 f.
			

			
			
			No Claims 

		
			 
		

		
			Employee also agrees that if a claim is prosecuted in his or her name before any court or administrative agency, he or she waives and agrees not to take any award of money or other damages from such suit, and to return any such award of money or damages immediately to the Company.
		

		
			 
		

			
			
				 g.
			

			
			
			Confidentiality and Non-Disclosure

		
			 
		

		
			Employee warrants that he or she will not disclose, disseminate and/or publicize, cause or permit to be disclosed, disseminated or publicized, any of the terms of the Separation Agreement or this Release directly or indirectly, specifically or generally, to any person, corporation, association, governmental agency, or other entity except: (1) to the extent necessary to report income to appropriate taxing authorities; (2) in response to an order of a court of competent jurisdiction or a subpoena issued under the authority thereof; or (3) in response to an inquiry or subpoena issued by a state or federal governmental agency. It is understood and agreed that notice of receipt of Employee of any such judicial or agency order, inquiry or subpoena shall immediately be communicated by the recipient to counsel for the Company telephonically, and then confirmed immediately thereafter in writing so that the Company will have an opportunity to intervene to assert what rights it may have to non-disclosure prior to responses to said order, inquiry or subpoena. Employee specifically warrants that he or she will not, directly or indirectly initiate any conversation or other communication with any current or former employee of the Company, or any other person, corporation, entity, business or association, regarding this Release, or the matters giving rise to this Release.
		

		
			 
		

		
			 
		

		 

 

			
			
				 2.
			

			
			
			SEVERABILITY

		
			 
		

		
			Should any of the provisions of this Release be determined to be invalid or unenforceable by a court or government agency of competent jurisdiction, it is agreed that such determination shall not affect the enforceability of the remainder of the provisions herein.
		

		
			 
		

			
			
				 3.
			

			
			
			CONSTRUCTION

		
			It is understood and agreed that the general rule that ambiguities are to be construed against the drafter shall not apply to this Release. This Separation Agreement shall be construed as a mutually prepared Separation Agreement.
		

		
			 
		

			
			
				 4.
			

			
			
			MODIFICATION

		
			 
		

		
			No provision of this Release may be changed, altered, modified or waived, except in writing and signed by Employee and an authorized representative of the Company.
		

		
			 
		

			
			
				 5.
			

			
			
			NON-WAIVER

		
			 
		

		
			No waiver by any party of any breach of any term or provision of this Release shall be construed to be, nor be, a waiver of any proceeding, concurrent or succeeding breach of the same, or of any other term or provision. No waiver shall be binding on the part of, or on behalf of, any party entering into this Release.
		

		
			 
		

			
			
				 6.
			

			
			
			ENTIRE AGREEMET AND SUPERSEDING EFFECT

		
			 
		

		
			The parties hereto acknowledge that no representation, promise or inducement has been made, other than as set forth in this Release, for them to enter into this Release, and that none of them enters into this Release in reliance upon any representation, promise or inducement not set forth herein. The parties agree that all of the terms and conditions agreed upon by the parties regarding this Release are contained herein. The terms of this Release are contractual and not mere recitals. This Separation Agreement is a full integration of all terms agreed to by the parties.
		

		
			 
		

			
			
				 7.
			

			
			
			APPLICABLE LAW

		
			 
		

		
			This Separation Agreement has been made at the Company’s principal place of business in California and California law applies to it.
		

		
			 
		

			
			
				 8.
			

			
			
			COUNTERPARTS

		
			 
		

		
			This Separation Agreement may be executed in counterparts, each of which shall be deemed an original, and both of which together shall constitute one and the same instrument.
		

		
			 
		

			
			
				 9.
			

			
			
			COMPLETE AND VOLUNTARY AGREEMENT

		
			 
		

		
			Employee acknowledges that Employee has read and understands this Release, that Employee has had the opportunity to seek legal counsel of Employee’s own choosing, that Employee is not executing this Release in reliance on any promises, representations or inducements other than those contained herein, and that Employee is executing this Release voluntarily, free of any duress or coercion.
		

		
			 
		

		
			THIS IS AN IMPORTANT LEGAL DOCUMENT. THIS AGREEMENT INCLUDES A RELEASE OF KNOWN AND UNKNOWN CLAIMS. BY SIGING IT YOU GIVE UP THE RIGHT TO SUE ON THOSE MATTERS HEREIN DEFINED. YOU SHOULD THOROUGHLY REVIEW AND UNDERSTAND THE EFFECT OF THIS RELEASE BEFORE ACTING ON IT. IF YOU DO NOT UNDERSTAND IT, DO NOT SIGN IT.Exhibit 10.2

		
			EMPLOYMENT AGREEMENT
		

		
			EMPLOYMENT AGREEMENT, dated as of June 3, 2013 by and between Reading International, Inc., a Nevada corporation, (the “Company”), and James J. Cotter, Jr. (the “Executive”).
		

		
			1.        Term of Employment
		

		
			Subject to the provisions of Section 10 below, the Company shall employ the Executive, and the Executive shall serve the Company in the capacity of President for a term commencing as of June 3, 2013 and ending that date which is twelve (12) months after either party provides the other party with written notice of termination (the “Term of Employment”).
		

		
			2.        Duties
		

		
			During the Term of Employment, the Executive will serve as the Company’s President and will report directly to the Chief Executive Officer.   The Executive shall devote substantially all of his business time to the Company and shall perform such duties, consistent with his status as President of the Company, as he may be assigned from time to time by the Chief Executive Officer.  
		

		
			3.        Compensation
		

		
			During the Term of Employment, the Company shall pay to the Executive as compensation for the performance of his duties and obligations hereunder a salary at the rate of $335,000 per annum during each year of the term of this Agreement.  Such salary shall be paid in accordance with the Company’s standard payment practices.  
		

		
			4.        Expenses and Other Benefits
		

		
			All travel, entertainment and other reasonable business expenses incident to the rendering of services by the Executive hereunder will be promptly paid or reimbursed by the Company subject to submission by the Executive in accordance with the Company’s policies in effect from time to time.  The Executive shall be entitled to a vehicle allowance of $15,000, per annum.
		

		
			The Executive shall be entitled during the Term of Employment to participate in employee benefit and welfare plans and programs of the Company including, without any limitation, any key man or executive long term disability insurance and employee stock option plans to the extent that any other senior executives or officers of the Company or its subsidiaries are eligible to participate and subject to the provisions, rules, regulations, and laws applicable thereto. The Executive shall immediately be granted 100,000 employee stock options, which options shall vest annually over a five (5) year period.
		

		
			5.        Death or Disability
		

		
			This Agreement shall be terminated by the death of the Executive and also may be terminated by the Board of Directors of the Company if the Executive shall be rendered incapable by illness or any physical or mental disability (individually, a “disability”) from substantially complying with the terms, conditions and provisions to be observed and performed on his part for a continuous period in excess of three (3) months or ninety (90) days in the aggregate during any twelve (12) months during the Term of Employment.  
		

		
			6.        Disclosure of Information; Inventions and Discoveries
		

		
			The Executive shall promptly disclose to the Company all processes, trademarks, inventions, improvements, discoveries and other information (collectively, “developments”) directly related to the business of the Company conceived, developed or acquired by him alone or with others during the Term 
		

		 

 

		of Employment by the Company, whether or not during regular working hours or through the use of material or facilities of the Company.  All such developments shall be the sole and exclusive property of the Company, and upon request the Executive shall deliver to the Company all drawings, sketches, models and other data and records relating to such development.  In the event any such development shall be deemed by the Company to be patentable, the Executive shall, at the expense of the Company, assist the Company in obtaining a patent or patents thereon and execute all documents and do all other things necessary or proper to obtain letters patent and invest the Company with full title thereto.
		

		
			7.        Non-Competition
		

		
			The Company and the Executive agree that the services rendered by the Executive hereunder are unique and irreplaceable.  During his employment by the Company, the Executive shall not provide any type of services to any business that in the reasonable judgment of the Company is, or as a result of the Executive’s engagement or participation would become, directly competitive with any aspect of the business of the Company.  
		

		
			8.        Non-Disclosure
		

		
			The Executive will not at any time after the date of this Employment Agreement divulge, furnish or make accessible to anyone (otherwise than in the regular course of business of the Company) any knowledge or information with respect to confidential matters of the Company, except to the extent such disclosure is (a) in the performance of his duties under this Agreement, (b) required by applicable law, (c) authorized in writing by the Company, or (d) when required to do so by legal process, that requires him to divulge, disclose or make accessible such information.
		

		
			9.        Remedies
		

		
			The Company may pursue any appropriate legal, equitable or other remedy, including injunctive relief, in respect of any failure by the Executive to comply with the provisions of Sections 6, 7 or 8 hereof, it being acknowledged by the Executive that the remedy at law for any such failure would be inadequate.  
		

		
			10.      Termination
		

		
			            This Agreement and the Executive’s employment with the Company may be terminated by the Board of Directors of the Company (i) in the event of the Executive’s fraud, embezzlement or any other illegal act committed intentionally by Executive in connection with Executive’s duties as an executive of the Company which causes or may reasonably be expected to cause substantial economic injury to the Company or (ii) upon thirty  (30) days’ notice to the Executive if the Executive shall be in material breach of any material provision of this Employment Agreement other than as provided in clause (i) above and shall have failed to cure such breach during such thirty (30) day period (the events in (i) and (ii) shall constitute “Cause”).  Any such notice to the Executive shall specify with particularity the reason for termination or proposed termination.  In the event of termination under this Section 10 or under Section 5 (except as provided therein), the Company’s unaccrued obligations under this Agreement shall cease and the Executive shall forfeit all right to receive any unaccrued compensation or benefits hereunder but shall have the right to reimbursement of expenses already incurred.  If the Company terminates Executive without Cause, the Executive shall be entitled to compensation and benefits which he was receiving for a period of twelve months from such notice of termination.  Notwithstanding any termination of the Agreement pursuant to this Section 10 or by reason of disability under Section 5, the Executive, in consideration of his employment hereunder to the date of such termination, shall remain bound by the provisions of Sections 6, 7 and 8 (unless this Agreement is terminated on account of the breach hereof by the Company) of this Agreement.  
		

		

		

		 

 

		 
		

		
			            In the event of any termination, the Executive shall not be required to seek other employment to mitigate damages, and any income earned by the
		

		
			Executive from other employment or self-employment shall not be offset against any obligations of the Company to the Executive under this Agreement. The Company's obligations hereunder and the Executive's rights to payment shall not be subject to any right of set-off, counterclaim or other deduction by the Company not in the nature of customary withholding, other than in any judicial proceeding or arbitration.
		

		
			11.      Resignation
		

		
			In the event that the Executive’s services hereunder are terminated under Section 5 or 10 of this Agreement (except by death), the Executive agrees that he will deliver his written resignation to the Board of Directors, such resignation to become effective immediately.
		

		
			12.      Data
		

		
			Upon expiration of the Term of Employment or termination pursuant to Section 5 or 10 hereof, the Executive or his personal representative shall promptly deliver to the Company all books, memoranda, plans, records and written data of every kind relating to the business and affairs of the Company which are then in his possession on account of his employment hereunder, but excluding all such materials in the Executive’s possession which are personal and not property of the Company or which he holds on account of his past or current status as a director or shareholder of the Company.
		

		
			13.      Arbitration
		

		
			Any dispute or controversy arising under this Agreement or relating to its interpretation or the breach hereof, including the arbitrability of any such dispute or controversy, shall be determined and settled by arbitration in Los Angeles, California pursuant to the Rules then obtaining of the American Arbitration Association.  Any award rendered herein shall be final and binding on each and all of the parties, and judgment may be entered thereon in any court of competent jurisdiction.
		

		
			14.      Waiver of Breach
		

		
			Any waiver of any breach of this Employment Agreement shall not be construed to be a continuing waiver or consent to any subsequent breach on the part either of the Executive or of the Company.
		

		
			15.      Assignment
		

		
			Neither party hereto may assign his or its rights or delegate his or its duties under this Employment Agreement without the prior written consent of the other party; provided, however, that this Agreement shall inure to the benefit of and be binding upon the successors and assignees of the Company, upon (a) a sale of all or substantially all of the Company’s assets, or upon merger or consolidation of the Company with or into any other corporation, and (b) upon delivery on the effective day of such sale, merger or consolidation to the Executive of a binding instrument of assumption by such successors and assigns of the rights and liabilities of the Company under this Agreement, provided, however, that no such assignment or transfer will relieve the Company from its payment obligations hereunder in the event the transferee or assignee fails to timely discharge them.  No rights or obligations of the Executive under this Agreement may be assigned or transferred other than his rights to compensation and benefits, which may be transferred by will or operation of law or as otherwise specifically provided or permitted hereunder or under the terms of any applicable employee benefit plan.
		

		

		

		 

 

		16.      Notices
		

		
			Any notice required or desired to be given hereunder shall be in writing and shall be deemed sufficiently given when delivered or 3 days after mailing in United States certified or registered mail, postage prepaid, to the party for whom intended at the following address:
		

		
			The Company:
		

		
			Reading International, Inc.
		

		
			6100 Center Drive, Suite 900
		

		
			Los Angeles, CA 90045
		

		
			The Executive:
		

		
			 
		

		
			James J. Cotter, Jr. 
		

		
			Reading International, Inc.
		

		
			6100 Center Drive, Suite 900
		

		
			Los Angeles, CA 90045
		

		
			 
		

		
			or to such other address as either party may from time to time designate by like notice to the other.
		

		
			17.      General
		

		
			The terms and provisions of this Agreement shall constitute the entire agreement by the Company and the Executive with respect to the subject matter hereof, and shall supersede any and all prior agreements or understandings between the Executive and the Company, whether written or oral.  This Agreement may be amended or modified only by a written instrument executed by the Executive and the Company, and any such amendment or modification or any termination of this Agreement shall become effective only after written approval thereof has been received by the Executive.  This Agreement shall be governed by and construed in accordance with California law.  In the event that any terms or provisions of this Agreement shall be held to be invalid or unenforceable, such invalidity or unenforceability shall not affect the validity or enforceability of the remaining terms and provisions hereof.  In the event of any judicial, arbitral or other proceeding between the parties hereto with respect to the subject matter hereof, the prevailing party shall be entitled, in addition to all other relief, to reasonable attorneys’ fees and expenses and court costs.
		

		
			18.      Indemnification
		

		
			The Company shall indemnify the Executive to the fullest extent permitted by law in effect as of the date hereof, or as hereafter amended, against all costs, expenses, liabilities and losses (including, without limitation, attorneys' fees, judgments, fines, penalties, and amounts paid in settlement) reasonably incurred by the Executive in connection with a Proceeding. For the purposes of this section, a "Proceeding" shall mean any action, suit or proceeding, whether civil, criminal, administrative or investigative, in which the Executive is made, or is threatened to be made, a party to, or a witness in, such action, suit or proceeding by reason of the fact that he is or was an officer, director or employee of the Company or is or was serving as an officer, director, member, employee, trustee or agent of any other entity at the request of the Company.
		

		
			 
		

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

		
			 
		

		

		

		 

 

		READING INTERNATIONAL, INC.
		

		
			By: /s/ James J. Cotter, Sr.
		

		
			James J. Cotter, Sr.
		

		
			 
		

		
			 
		

		
			AGREED TO AND ACCEPTED:
		

		
			By: /s/ James J. Cotter, Jr. 
		

		
			James J. Cotter, Jr.

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