Exhibit 10.06 AGREEMENT JULY 31, 1996 WHEREAS, the undersigned has executed a Stock Subscription Agreement dated the date hereof pursuant to which the undersigned has purchased 16 shares of Common Stock, par value $0.01 per share, of Clearview Cinema Group, Inc. (the "Company"), a Delaware corporation (the "Shares"); and WHEREAS, transfer of the Shares is restricted pursuant to the terms and provisions of the Stockholders and Registration Rights Agreement, dated as of May 29, 1996, by and among the Company, and its stockholders (the "Stockholders Agreement"); and WHEREAS, the parties to the Stockholders Agreement have waived compliance with Article 2 of the Stockholders Agreement in connection with the transactions contemplated by the Subscription Agreement upon condition that the undersigned execute this Agreement; NOW, THEREFORE, the undersigned hereby joins in and agrees to be bound by the terms and provisions of the Stockholders Agreement, as are applicable to Stockholders (as defined therein) generally. _____________________________ Paul Kay _____________________________ Cindy Kay