EXHIBIT 10.1(f)
FIRST AMENDMENT TO MANAGEMENT AGREEMENT
OF CINEMARK PARTNERS II, LTD.
This Amendment to Management Agreement (the "Amendment") is entered
into as of January 5, 1998 by and between Cinemark USA, Inc., a Texas
corporation ("Manager") and Cinemark Partners II, Ltd., a Texas limited
partnership ("Owner").
RECITALS:
A. Owner and Manager are parties to that certain Management Agreement
effective as of September 1, 1994 (the "Original Agreement").
B. The parties hereto desire to amend the Original Agreement in
accordance with the terms of this Amendment.
C. Unless otherwise defined herein, all terms used herein shall have
the same meanings as in the Original Agreement unless otherwise defined herein.
NOW, THEREFORE, BE IT RESOLVED, that in consideration of the above
premises and for other good and valuable consideration, the receipt and
sufficiency of which are hereby acknowledged, the parties hereby agree as
follows:
1. Amendment to Section 4. Section 4 of the Original Agreement is
hereby amended and restated in its entirety and shall hereinafter read as
follows:
"4. Management Fee. The Owner shall pay Manager a management
fee for providing management services for the Theatre, managing
day-to-day operations of the Theatre and monitoring the business and
operations of the Theatre on behalf of the Owner. The management fee
shall be an amount equal to 3% of all Revenues (as such term is defined
in the Management Agreement) of the Owner, as well as 3% of the
Revenues from the Owner's 50% interest in the IMAX theatre, payable to
Manager monthly for the Owner's preceding month's operations beginning
January 1, 1998."
2. Ratification. Except as hereby expressly amended, the Original
Agreement shall each remain in full force and effect, and is hereby ratified and
confirmed in all respects on and as of the date hereof.
[SIGNATURE PAGE FOLLOWS]
IN WITNESS WHEREOF, the parties hereto have executed this Agreement as
of the day and year first above written.
CINEMARK USA, INC.
By: /s/ Xxxx X. Stock
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Name: Xxxx X. Stock
Title: President
CINEMARK PARTNERS II, LTD.
By: CINEMARK PARTNERS I, INC.
its General Partner
By: /s/ Xxxx X. Stock
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Name: Xxxx X. Stock
Title: President
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