REGAL CINEMAS CORP
EX 10.2
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<TYPE>EX-10.2
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<FILENAME>a2115694zex-10_2.htm
<DESCRIPTION>EX 10.2
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<P ALIGN="RIGHT"><FONT SIZE=2><B>EXHIBIT 10.2  </B></FONT></P>

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<BR></FONT><FONT SIZE=2><B>STOCK PURCHASE AGREEMENT<BR>  BETWEEN<BR>  REGAL ENTERTAINMENT GROUP<BR>  AND<BR>  REGAL CINEMAS,&nbsp;INC.  <BR>  </B></FONT></P>

<P ALIGN="CENTER"><FONT SIZE=2><B>MARCH 27, 2003  </B></FONT></P>

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<BR></FONT><FONT SIZE=2><B>STOCK PURCHASE AGREEMENT    <BR>    </B></FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;THIS STOCK PURCHASE AGREEMENT (this "</FONT><FONT SIZE=2><B>Agreement</B></FONT><FONT SIZE=2>") is entered into as of March&nbsp;27, 2003 (the
"</FONT><FONT SIZE=2><B>Closing Date</B></FONT><FONT SIZE=2>") between Regal Entertainment Group, a Delaware corporation ("</FONT><FONT SIZE=2><B>Seller</B></FONT><FONT SIZE=2>"), and Regal
Cinemas,&nbsp;Inc., a Tennessee corporation ("</FONT><FONT SIZE=2><B>Buyer</B></FONT><FONT SIZE=2>"). </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;WHEREAS,
Seller holds all of the issued and outstanding capital stock of Hoyts Cinemas Corporation ("</FONT><FONT SIZE=2><B>Hoyts</B></FONT><FONT SIZE=2>"); specifically, Seller holds
100 shares of Hoyts common stock, par value $1.00 per share (the "</FONT><FONT SIZE=2><B>Shares</B></FONT><FONT SIZE=2>"); </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;WHEREAS,
Seller desires to sell, and Buyer desires to purchase from Seller, the Shares at the price and upon the terms and conditions hereinafter set forth. </FONT></P>


<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;NOW,
THEREFORE, in consideration of the foregoing and of the mutual covenants and agreements hereinafter set forth, the parties hereto hereby agree as follows: </FONT></P>

<P><FONT SIZE=2><B>1.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;DEFINITIONS  </B></FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;For all purposes of this Agreement, the capitalized terms specified in </FONT><FONT SIZE=2><B><I>Exhibit&nbsp;A</I></B></FONT><FONT SIZE=2> shall have the meanings
set forth in that </FONT><FONT SIZE=2><B><I>Exhibit&nbsp;A</I></B></FONT><FONT SIZE=2>, except as otherwise expressly provided herein. </FONT></P>

<P><FONT SIZE=2><B>2.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;SALE AND PURCHASE OF SHARES  </B></FONT></P>

<UL>

<P><FONT SIZE=2><B>2.1.&nbsp;&nbsp;Sale and Purchase of Shares  </B></FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;On the basis of the representations, warranties and agreements contained herein, and subject to the terms and conditions hereof, Seller agrees to sell to Buyer,
and Buyer agrees to purchase from Seller, the Shares at the purchase price specified in </FONT><FONT SIZE=2><B>Section&nbsp;2.2</B></FONT><FONT SIZE=2>. </FONT></P>


<P><FONT SIZE=2><B>2.2.&nbsp;&nbsp;Purchase Price  </B></FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;In consideration of Seller's delivery of the Shares, Buyer shall pay Seller $186,428,557.28 in immediately available funds (the "</FONT><FONT SIZE=2><B>Purchase
Price</B></FONT><FONT SIZE=2>"). </FONT></P>

</UL>

<P><FONT SIZE=2><B>3.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;CLOSING  </B></FONT></P>

<UL>

<P><FONT SIZE=2><B>3.1.&nbsp;&nbsp;Closing of Sale and Purchase  </B></FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Subject to the terms and conditions of this Agreement, the Closing shall take place at the offices of Hogan&nbsp;&amp; Hartson L.L.P., 1200 Seventeenth Street,
Suite 1500, Denver, Colorado 80202, at 10:00&nbsp;a.m., local time, on the Closing Date. </FONT></P>

<P><FONT SIZE=2><B>3.2.&nbsp;&nbsp;Closing Deliveries by Seller  </B></FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;At the Closing, Seller shall deliver to Buyer the following: </FONT></P>

<UL>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)&nbsp;&nbsp;&nbsp;certificates
representing the Shares, duly endorsed in blank or with duly executed stock powers attached; and </FONT></P>


<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)&nbsp;&nbsp;&nbsp;such
other documents as Buyer may reasonably request in order to document properly the transactions provided under this Agreement. </FONT></P>

</UL>

<P><FONT SIZE=2><B>3.3.&nbsp;&nbsp;Closing Deliveries by Buyer  </B></FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;At the Closing, Buyer shall deliver the Purchase Price as provided for in </FONT><FONT SIZE=2><B>Section&nbsp;2.2</B></FONT><FONT SIZE=2>. </FONT></P>

</UL>
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<P><FONT SIZE=2><B>4.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;REPRESENTATIONS AND WARRANTIES OF SELLER  </B></FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Seller hereby represents and warrants to Buyer as follows: </FONT></P>

<UL>

<P><FONT SIZE=2><B>4.1.&nbsp;&nbsp;Organization  </B></FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Seller is a corporation duly organized, validly existing and in good standing under the laws of the State of Delaware and has the full and unrestricted corporate
power and authority to carry on its business as currently conducted, to enter into this Agreement and to carry out the transactions contemplated hereby. </FONT></P>

<P><FONT SIZE=2><B>4.2.&nbsp;&nbsp;Authority and Capacity  </B></FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Seller has full legal right, capacity, power and authority to execute this Agreement and to consummate the transactions contemplated hereby. </FONT></P>

<P><FONT SIZE=2><B>4.3.&nbsp;&nbsp;Absence of Violation  </B></FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The execution, delivery and performance by Seller of this Agreement, the fulfillment of and the compliance with the respective terms and provisions hereof and
thereof, and the consummation of the
transactions contemplated hereby and thereby, do not and will not (a)&nbsp;conflict with, or violate any provision of, any Law having applicability to Seller or (b)&nbsp;conflict with, or result
in any breach of, or constitute a default under, any material agreement to which Seller is a party or the certificate of incorporation or bylaws of Seller. </FONT></P>

<P><FONT SIZE=2><B>4.4.&nbsp;&nbsp;Binding Obligation  </B></FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;This Agreement constitutes a valid and binding obligation of Seller, enforceable in accordance with its terms, except as such enforceability may be limited by
bankruptcy, insolvency, reorganization, fraudulent conveyance, moratorium and similar laws relating to or affecting creditors rights generally and by general equity principles (regardless of whether
such enforceability is considered in a proceeding in equity or at law). </FONT></P>

<P><FONT SIZE=2><B>4.5.&nbsp;&nbsp;Title to Shares  </B></FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;On the Closing Date, Seller will have, good, valid and marketable title, free and clear of all Encumbrances, to the Shares, with full right and lawful authority
to sell and transfer the Shares to Buyer pursuant to this Agreement. Upon payment for the Shares to be purchased from Seller pursuant to the terms of this Agreement, Buyer will acquire good, valid and
marketable title thereto, free and clear of all Encumbrances other than those created by Buyer. Upon consummation of the Closing, Buyer will own all of the issued and outstanding capital stock of
Hoyts. </FONT></P>

</UL>

<P><FONT SIZE=2><B>5.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;REPRESENTATIONS AND WARRANTIES OF BUYER  </B></FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Buyer hereby represents and warrants to Seller as follows: </FONT></P>

<UL>

<P><FONT SIZE=2><B>5.1.&nbsp;&nbsp;Organization  </B></FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Buyer is a corporation duly organized, validly existing and in good standing under the laws of the State of Tennessee and has the full and unrestricted corporate
power and authority to carry on its business as currently conducted, to enter into this Agreement and to carry out the transactions contemplated hereby. </FONT></P>

</UL>
<P ALIGN="CENTER"><FONT SIZE=2>2</FONT></P>

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<P><FONT SIZE=2><B>5.2.&nbsp;&nbsp;Authority and Capacity  </B></FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Buyer has full legal right, capacity, power and authority to execute this Agreement and to consummate the transactions contemplated hereby. </FONT></P>


<P><FONT SIZE=2><B>5.3.&nbsp;&nbsp;Absence of Violation  </B></FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The execution, delivery and performance by Buyer of this Agreement, the fulfillment of and the compliance with the respective terms and provisions hereof and
thereof, and the consummation of the transactions contemplated hereby and thereby, do not and will not (a)&nbsp;conflict with, or violate any provision of, any Law having applicability to Buyer or
(b)&nbsp;conflict with, or result in any breach of, or constitute a default under, any material agreement to which Buyer is a party or the charter or bylaws of Buyer. </FONT></P>


<P><FONT SIZE=2><B>5.4.&nbsp;&nbsp;Binding Obligation  </B></FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;This Agreement constitutes a valid and binding obligation of Buyer, enforceable in accordance with its terms, except as such enforceability may be limited by
bankruptcy, insolvency, reorganization, fraudulent conveyance, moratorium and similar laws relating to or affecting creditors rights generally and by general equity principles (regardless of whether
such enforceability is considered in a proceeding in equity or at law). </FONT></P>

</UL>

<P><FONT SIZE=2><B>6.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;CONDITIONS PRECEDENT TO OBLIGATIONS OF SELLER  </B></FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The obligations of Seller under this Agreement are subject to the fulfillment, at or prior to the Closing, of each of the following conditions by Buyer, and
failure to satisfy any such condition shall excuse and discharge all obligations of Seller to carry out the provisions of this Agreement, unless such failure is agreed to in writing by Seller: </FONT></P>

<UL>

<P><FONT SIZE=2><B>6.1.&nbsp;&nbsp;Representations and Warranties  </B></FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The representations and warranties made by Buyer in this Agreement shall be true and complete when made and on and as of the Closing Date as though such
representations and warranties were made on and as of such date, except for any changes expressly permitted by this Agreement. </FONT></P>


<P><FONT SIZE=2><B>6.2.&nbsp;&nbsp;Performance  </B></FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Buyer shall have performed and complied with all agreements and conditions required by this Agreement to be performed or complied with by such Buyer prior to the
Closing Date. </FONT></P>

<P><FONT SIZE=2><B>6.3.&nbsp;&nbsp;Legal Proceedings  </B></FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;No action or proceeding by or before any governmental authority shall have been instituted or threatened (and not subsequently dismissed, settled or otherwise
terminated) that is reasonably expected to restrain, prohibit or invalidate the transactions contemplated by this Agreement, other than an action or proceeding instituted or threatened by the Seller. </FONT></P>

</UL>

<P><FONT SIZE=2><B>7.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;CONDITIONS PRECEDENT TO OBLIGATIONS OF BUYER  </B></FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The obligations of Buyer under this Agreement are subject to the fulfillment, at or prior to the Closing, of each of the following conditions by Seller, and
failure to satisfy any such condition shall </FONT></P>

<P ALIGN="CENTER"><FONT SIZE=2>3</FONT></P>

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<P><FONT SIZE=2>excuse
and discharge all obligations of Buyer to carry out the provisions of this Agreement, unless such failure is agreed to in writing by Buyer: </FONT></P>

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<P><FONT SIZE=2><B>7.1.&nbsp;&nbsp;Representations and Warranties  </B></FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The representations and warranties made by Seller in this Agreement shall be true and complete when made, and on and as of the Closing Date as though such
representations and warranties were made on and as of such date, except for any changes expressly permitted by this Agreement. </FONT></P>

<P><FONT SIZE=2><B>7.2.&nbsp;&nbsp;Performance  </B></FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Seller shall have performed and complied with all agreements and conditions required by this Agreement to be performed or complied with prior to the Closing Date. </FONT></P>

<P><FONT SIZE=2><B>7.3.&nbsp;&nbsp;Legal Proceedings  </B></FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;No action or proceeding by or before any governmental authority shall have been instituted or threatened (and not subsequently settled, dismissed or otherwise
terminated) that is reasonably expected to restrain, prohibit or invalidate the transactions contemplated by this Agreement other than an action or proceeding instituted or threatened by the Buyer. </FONT></P>

</UL>

<P><FONT SIZE=2><B>8.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;MISCELLANEOUS  </B></FONT></P>

<UL>

<P><FONT SIZE=2><B>8.1.&nbsp;&nbsp;Further Assurances  </B></FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Each of the parties hereto hereby agrees to take or cause to be taken such further actions, to execute, deliver and file or cause to be executed, delivered and
filed such further documents, and will obtain such consents, as may be necessary or as may be reasonably requested in order to fully effectuate the purposes, terms and conditions of this Agreement. </FONT></P>

<P><FONT SIZE=2><B>8.2.&nbsp;&nbsp;No Brokers  </B></FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Each of Buyer and Seller hereto represents and warrants to the other that such party has not engaged any broker, finder or agent in connection with the
transactions contemplated by this Agreement and has not incurred (and will not incur) any unpaid liability to any broker, finder or agent for any brokerage fees, finders' fees or commissions, with
respect to the transactions contemplated by this Agreement. Each party agrees to indemnify, defend and hold harmless each of the other parties from and against any and all claims asserted against such
parties for any such fees or commissions by any persons purporting to act or to have acted for or on behalf of the indemnifying party. </FONT></P>

<P><FONT SIZE=2><B>8.3.&nbsp;&nbsp;Expenses  </B></FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Each party hereto shall pay its own expenses incident to this Agreement and the transactions contemplated hereunder, including all legal and accounting fees and
disbursements. </FONT></P>

<P><FONT SIZE=2><B>8.4.&nbsp;&nbsp;Entire Agreement; Amendment  </B></FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;This Agreement, including the Exhibits and other documents referred to herein or furnished pursuant hereto, constitutes the entire Agreement among the parties
hereto with respect to the transactions contemplated herein, and it supersedes all prior oral or written agreements, commitments or understandings with respect to the matters provided for herein. No
amendment, modification or discharge of this Agreement shall be valid or binding unless set forth in writing and duly executed and delivered by Buyer and Seller. </FONT></P>

</UL>
<P ALIGN="CENTER"><FONT SIZE=2>4</FONT></P>

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<P><FONT SIZE=2><B>8.5.&nbsp;&nbsp;Waiver  </B></FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;No delay or failure on the part of any party hereto in exercising any right, power or privilege under this Agreement shall impair any such right, power or
privilege or be construed as a waiver of any default or any acquiescence therein. No single or partial exercise of any such right, power or privilege shall preclude the further exercise of such right,
power or privilege, or the exercise of any other right, power or privilege. No waiver shall be valid against any party hereto unless made in writing and signed by the
party against whom enforcement of such waiver is sought and then only to the extent expressly specified therein. </FONT></P>


<P><FONT SIZE=2><B>8.6.&nbsp;&nbsp;Severability  </B></FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;If any part of any provision of this Agreement or any other agreement or document given pursuant to or in connection with this Agreement shall be invalid or
unenforceable in any respect, such part shall be ineffective to the extent of such invalidity or unenforceability only, without in any way affecting the remaining parts of such provision or the
remaining provisions of this Agreement. </FONT></P>

<P><FONT SIZE=2><B>8.7.&nbsp;&nbsp;Governing Law  </B></FONT></P>


<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;This Agreement, the rights and obligations of the parties hereto, and any claims or disputes relating thereto, shall be governed by and construed in accordance
with the laws of the State of Delaware (excluding the choice of law rules thereof). </FONT></P>

<P><FONT SIZE=2><B>8.8.&nbsp;&nbsp;Headings  </B></FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Section headings contained in this Agreement are inserted for convenience of reference only, shall not be deemed to be a part of this Agreement for any purpose,
and shall not in any way define or affect the meaning, construction or scope of any of the provisions hereof. </FONT></P>


<P><FONT SIZE=2><B>8.9.&nbsp;&nbsp;Execution in Counterparts  </B></FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;To facilitate execution, this Agreement may be executed by facsimile and in as many counterparts as may be required. It shall not be necessary that the signatures
of, or on behalf of, each party, or that the signatures of all persons required to bind any party, appear on each counterpart; but it shall be sufficient that the signature of, or on behalf of, each
party, or that the signatures of the persons required to bind any party, appear on one or more of the counterparts. All counterparts shall collectively constitute a single Agreement. It shall not be
necessary in making proof of this Agreement to produce or account for more than a number of counterparts containing the respective signatures of, or on behalf of, all of the parties hereto. </FONT></P>

<P><FONT SIZE=2><B>8.10.&nbsp;Limitation on Benefits  </B></FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The covenants, undertakings and agreements set forth in this Agreement shall be solely for the benefit of, and shall be enforceable only by, the parties hereto
and their respective successors, heirs, executors, administrators, legal representatives and permitted assigns. </FONT></P>


<P><FONT SIZE=2><B>8.11.&nbsp;Binding Effect  </B></FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Subject to any provisions hereof restricting assignment, this Agreement shall be binding upon and shall inure to the benefit of the parties hereto and their
respective successors, heirs, executors, administrators, legal representatives and assigns. </FONT></P>

</UL>
<P ALIGN="CENTER"><FONT SIZE=2>[SIGNATURE
PAGE FOLLOWS] </FONT></P>

<P ALIGN="CENTER"><FONT SIZE=2>5</FONT></P>

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<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;IN
WITNESS WHEREOF, the parties hereto have duly executed this Agreement, or have caused this Agreement to be duly executed on their behalf, as of the day and year first above written. </FONT></P>

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<TD COLSPAN=2><FONT SIZE=2><B><I>BUYER</I></B></FONT><FONT SIZE=2><B>:</B></FONT></TD>
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&nbsp;</B></FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2><B><BR>&nbsp;</B></FONT></TD>
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REGAL CINEMAS,&nbsp;INC.</B></FONT></TD>
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&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
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By:</FONT></TD>
<TD WIDTH="46%"><FONT SIZE=2><BR>
/s/&nbsp;&nbsp;</FONT><FONT SIZE=2>PETER B. BRANDOW</FONT><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><HR NOSHADE></TD>
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<TD WIDTH="8%"><FONT SIZE=2>Name:</FONT></TD>
<TD WIDTH="42%"><FONT SIZE=2>Peter B. Brandow</FONT></TD>
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<TD WIDTH="47%"><FONT SIZE=2>&nbsp;</FONT></TD>
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<TD WIDTH="8%"><FONT SIZE=2>Title:</FONT></TD>
<TD WIDTH="42%"><FONT SIZE=2>EVP, General Counsel and Secretary</FONT></TD>
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<TD COLSPAN=2><FONT SIZE=2><B><I>SELLER</I></B></FONT><FONT SIZE=2><B>:</B></FONT></TD>
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&nbsp;</B></FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2><B><BR>&nbsp;</B></FONT></TD>
<TD COLSPAN=2><FONT SIZE=2><B><BR>
REGAL ENTERTAINMENT GROUP</B></FONT></TD>
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&nbsp;</FONT></TD>
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By:</FONT></TD>
<TD WIDTH="46%"><FONT SIZE=2><BR>
/s/&nbsp;&nbsp;</FONT><FONT SIZE=2>PETER B. BRANDOW</FONT><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><HR NOSHADE></TD>
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<TD WIDTH="8%"><FONT SIZE=2>Name:</FONT></TD>
<TD WIDTH="42%"><FONT SIZE=2>Peter B. Brandow</FONT></TD>
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<TD WIDTH="47%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="8%"><FONT SIZE=2>Title:</FONT></TD>
<TD WIDTH="42%"><FONT SIZE=2>EVP, General Counsel and Secretary</FONT></TD>
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<P ALIGN="CENTER"><FONT SIZE=2>6</FONT></P>

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<BR></FONT><FONT SIZE=2><B><I>EXHIBIT A</I></B></FONT><FONT SIZE=2><B><BR>  CERTAIN DEFINITIONS    <BR>    </B></FONT></P>


<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;"</FONT><FONT SIZE=2><B>Affiliate</B></FONT><FONT SIZE=2>" means, as applied to any person, any other person that, directly or indirectly, Controls, is
Controlled by or is under common Control with such person. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;"</FONT><FONT
SIZE=2><B>Claims</B></FONT><FONT SIZE=2>" means all demands, claims, actions or causes of action, assessments, losses, damages (including, without limitation, diminution
in value), liabilities, costs and expenses, including, without limitation, interest, penalties and attorneys' fees and disbursements. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;"</FONT><FONT
SIZE=2><B>Closing</B></FONT><FONT SIZE=2>" means the closing of the sale and purchase of the Shares pursuant to the Agreement. </FONT></P>


<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;"</FONT><FONT
SIZE=2><B>Closing Date</B></FONT><FONT SIZE=2>" shall have the meaning set forth in the preamble to this Agreement. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;"</FONT><FONT
SIZE=2><B>Control</B></FONT><FONT SIZE=2>" means, when used with respect to any person, the possession, directly or indirectly, of the power to direct or cause the
direction of the management or policies of such person, whether through the ownership of voting securities, by contract or otherwise, and the term
"</FONT><FONT SIZE=2><B>Controlled</B></FONT><FONT SIZE=2>" shall have the meanings correlative to the foregoing. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;"</FONT><FONT
SIZE=2><B>Encumbrance</B></FONT><FONT SIZE=2>" means any mortgage, lien, pledge, encumbrance, security interest, deed of trust, option, encroachment, reservation, order,
decree, judgment, condition, restriction, charge, agreement, claim or equity of any kind. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;"</FONT><FONT
SIZE=2><B>Exhibit</B></FONT><FONT SIZE=2>" means an exhibit attached to the Agreement. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;"</FONT><FONT
SIZE=2><B>Laws</B></FONT><FONT SIZE=2>" means all foreign, federal, state and local statutes, laws, ordinances, regulations, rules, resolutions, orders, determinations,
writs, injunctions, awards (including, without limitation, awards of any arbitrator), judgments and decrees applicable to the specified persons or entities and to the businesses and assets thereof. </FONT></P>


<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;"</FONT><FONT
SIZE=2><B>Section</B></FONT><FONT SIZE=2>" means a Section (or a subsection) of the Agreement. </FONT></P>

<P ALIGN="CENTER"><FONT SIZE=2>1</FONT></P>

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<P><br><A NAME="03DEN2115_4">QuickLinks</A><br></P><!-- TOC_BEGIN -->
<FONT SIZE=2><A HREF="#toc_gk2114_1">STOCK PURCHASE AGREEMENT BETWEEN REGAL ENTERTAINMENT GROUP AND REGAL CINEMAS, INC.</A></FONT><BR>
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<FONT SIZE=2><A HREF="#toc_gm2114_1">STOCK PURCHASE AGREEMENT</A></FONT><BR>
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<FONT SIZE=2><A HREF="#toc_go2114_1">EXHIBIT A CERTAIN DEFINITIONS</A></FONT><BR>
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