EXHIBIT 10.12 ASSUMPTION OF AMENDED AGREEMENT TO: ALLEN KARP The undersigned hereby assumes the Amended Agreement (as such term is defined in the Management Information Circular and Proxy Statement/Prospectus of Cineplex Odeon Corporation ("Cineplex")...

 
                                                                   EXHIBIT 10.12

                        ASSUMPTION OF AMENDED AGREEMENT


TO:    XXXXX XXXX

_______________________________________________________________________________

The undersigned hereby assumes the Amended Agreement (as such term is defined in
the Management Information Circular and Proxy Statement/Prospectus of Cineplex
Odeon Corporation ("Cineplex") dated February 13, 1998) and will cause Cineplex
to employ you on the terms contained in the Amended Agreement and to pay you the
amounts contemplated therein.


DATED the 14th day of May, 1998



LOEWS CINEPLEX ENTERTAINMENT CORPORATION


Per:  /s/ Xxxx X. XxXxxxx, Xx
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