March 14, 2017
Exhibit 10.3
March 14, 2017
0000 Xxxx Xxxxxxx Xxx, Xxxxx 000
Centennial, Colorado 80112
Attention: Xxxxxx Xxxxxxx, Chief Executive Officer
RE: Waiver of Most Favored Nations Rights and Consent to Contemplated Transactions
Dear Mr. England:
Reference is made to the (i) Amended and Restated Exhibitor Services Agreement between National CineMedia, LLC (NCM, LLC) and Cinemark USA, Inc. (Cinemark), dated as of February 13, 2007, and amended and restated as of December 26, 2013 (the ESA), (ii) Memorandum of Understanding by and among National CineMedia, Inc. and NCM, LLC (together, NCM) and AMC dated as of March 9, 2017 (the MOU).
Cinemark hereby waives its rights under Section 12.06 (Most Favored Nations) of the ESA in connection with the MOU, the transactions contemplated by the MOU and the ancillary documents executed in connection with the MOU, including the Amendment to the Exhibitor Services Agreement dated as of March 9, 2017, by and between National CineMedia, LLC and American Multi-Cinema, Inc. and the Amendment to Exhibitor Services Agreement dated as of March 9, 2017, by and between National CineMedia, LLC and Regal Cinemas, Inc. and (ii) consents to the transactions contemplated by the MOU.
Sincerely,
Cinemark USA, Inc.
/s/ Xxxxxxx Xxxxxxxx
Name: Xxxxxxx Xxxxxxxx
Title: Executive Vice President-General Counsel
cc: Xxxx Xxxxx, General Counsel of NCM, LLC
Xxxxx Xxxxxxx, Regal CineMedia Holdings, LLC and Regal Cinemas, Inc.
Xxxxx Xxxxxx, American Multi-Cinema, Inc.
