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")...Assumption of Amended Agreement • May 27th, 1998 • LTM Holdings Inc • Services-motion picture theaters
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.
