Exhibit 10.7
Amendment Agreement
Reference is hereby made to that certain agreement (the "Agreement") dated
as of June 6, 2000 between Lions Gate Entertainment Corp. ("Lions Gate") and
Xxxx Xxxx ("Xxxx") with respect to the employment of Amin by Lions Gate.
Notwithstanding the provisions of paragraph 2, Term, of the Agreement, the
parties hereby agree that the Term, as defined in the Agreement, shall mean and
shall be for an aggregate period of five and one-half (5.5) years (rather than
three years as set forth in the Agreement), unless earlier terminated in
accordance with provisions of Section 9 of the Agreement.
Paragraph 7(b) of the Agreement currently states in sum and substance that
Amin shall not engage in the Restricted Activities for a period of four years
following the closure of the Merger. By way of this amendment, Amin agrees that
he shall not engage in the Restricted Activities until the earlier of the
conclusion of the Term or the Termination of this Agreement.
Company shall have the right to terminate this Agreement in its entirety
during the first four and half years of the Term at any point in time that Amin
owns less than 500,000 shares of common stock of Company.
Except as specifically amended hereby, the Agreement shall remain in full
force and effect without modification. Capitalized terms used herein and not
otherwise defined shall have the meaning ascribed to them in the Agreement
except as modified hereby. This instrument may be executed in counter-parts
and/or via electronic facsimile and all such counter-parts and/or facsimile
copies shall be deemed one and the same and an original of this instrument. This
letter constitutes the entire agreement among the parties with respect to
modification of the Agreement and any other matters related thereto, and
supersedes all prior negotiations and understandings of the parties in
connection therewith.
Agreed and Accepted:
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Xxxx Xxxx
Lions Gate Entertainment Corp
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By Xxxxx Xxxxx,
Executive Vice President
