================================================================================
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
--------------------------
FORM T-1
STATEMENT OF ELIGIBILITY UNDER
THE TRUST INDENTURE ACT OF 1939 OF A
CORPORATION DESIGNATED TO ACT AS TRUSTEE
Check if an Application to Determine Eligibility of
a Trustee Pursuant to Section 305(b)(2) [ ]
-------------------------------------------------------
U.S. BANK NATIONAL ASSOCIATION
(Exact name of Trustee as specified in its charter)
31-0841368
(I.R.S. Employer Identification No.)
800 Nicollet Mall
Minneapolis, Minnesota 55402
---------------------------------------- -----------------------
(Address of principal executive offices) (Zip Code)
Frank Leslie
U.S. Bank National Association
60 Livingston Avenue
St. Paul, MN 55107
(651) 495-3913
(Name, address and telephone number of agent for service)
--------------------------
IMAX CORPORATION
(Exact name of obligor as specified in its charter)
Canada 98-0140269
- ---------------------------------------- ------------------------------------
(State or other jurisdiction of (I.R.S. Employer Identification No.)
incorporation or organization)
2525 Speakman Drive
Mississauga, Ontario, Canada L5K 1B1
- ---------------------------------------- ------------------------------------
(Address of Principal Executive Offices) (Zip Code)
SEE TABLE OF ADDITIONAL OBLIGORS
--------------------------
9 5/8% SENIOR NOTES DUE 2010
(Title of the indenture securities)
================================================================================
TABLE OF ADDITIONAL OBLIGORS
EXACT NAME OF ADDITIONAL OBLIGOR JURISDICTION OF IRS EMPLOYER PRINCIPAL EXECUTIVE OFFICE
FORMATION IDENTIFICATION NO.
- -------------------------------- --------------- ------------------ ----------------------------------
1329507 ONTARIO INC. Ontario -- 2525 Speakman Drive,
Mississauga, Ontario L5K 1B1
phone: (905) 403-6500
3D SEA II LTD. Ontario -- 2525 Speakman Drive,
Mississauga, Ontario L5K 1B1
phone: (905) 403-6500
924689 ONTARIO INC. Ontario -- 2525 Speakman Drive,
Mississauga, Ontario L5K 1B1
phone: (905) 403-6500
DAVID KEIGHLEY PRODUCTIONS 70MM INC. Delaware 95-3996963 110 E. 59th Street, Suite 2100
New York, New York 10022
phone: (212) 821-0100
IMAX (TITANIC) INC. Delaware 98-0123185 110 E. 59th Street, Suite 2100
New York, New York 10022
phone: (212) 821-0100
IMAX (TITANICA) LTD. Ontario -- 2525 Speakman Drive,
Mississauga, Ontario L5K 1B1
phone: (905) 403-6500
IMAX CHICAGO THEATRE LLC Delaware 82-0565362 110 E. 59th Street, Suite 2100
New York, New York 10022
phone: (212) 821-0100
IMAX FILM HOLDING CO. Delaware -- 110 E. 59th Street, Suite 2100
New York, New York 10022
phone: (212) 821-0100
IMAX FORUM RIDE, INC. Nevada 88-0360462 110 E. 59th Street, Suite 2100
New York, New York 10022
phone: (212) 821-0100
IMAX II U.S.A. INC. Delaware 51-0373323 110 E. 59th Street, Suite 2100
New York, New York 10022
phone: (212) 821-0100
IMAX INDIANAPOLIS LLC Indiana -- 110 E. 59th Street, Suite 2100
New York, New York 10022
phone: (212) 821-0100
IMAX MINNESOTA HOLDING CO. Delaware 52-2254901 110 E. 59th Street, Suite 2100
New York, New York 10022
phone: (212) 821-0100
IMAX MUSIC LTD. Ontario -- 2525 Speakman Drive,
Mississauga, Ontario L5K 1B1
phone: (905) 403-6500
IMAX PICTURES CORPORATION Delaware 98-0153647 110 E. 59th Street, Suite 2100
New York, New York 10022
phone: (212) 821-0100
IMAX PROVIDENCE GENERAL PARTNER CO. Delaware 52-2054994 110 E. 59th Street, Suite 2100
New York, New York 10022
phone: (212) 821-0100
EXACT NAME OF ADDITIONAL OBLIGOR JURISDICTION OF IRS EMPLOYER PRINCIPAL EXECUTIVE OFFICE
FORMATION IDENTIFICATION NO.
- -------------------------------- --------------- ------------------ ----------------------------------
IMAX PROVIDENCE LIMITED PARTNER CO. Delaware 52-2054995 110 E. 59th Street, Suite 2100
New York, New York 10022
phone: (212) 821-0100
IMAX RHODE ISLAND LIMITED PARTNERSHIP Rhode Island 98-0176677 110 E. 59th Street, Suite 2100
New York, New York 10022
phone: (212) 821-0100
IMAX SANDDE ANIMATION INC. Ontario -- 2525 Speakman Drive,
Mississauga, Ontario L5K 1B1
phone: (905) 403-6500
IMAX SCRIBE INC. Delaware 51-0373325 110 E. 59th Street, Suite 2100
New York, New York 10022
phone: (212) 821-0100
IMAX SPACE LTD. Ontario -- 2525 Speakman Drive,
Mississauga, Ontario L5K 1B1
phone: (905) 403-6500
IMAX THEATRE HOLDING (BROSSARD) INC. Canada -- 2525 Speakman Drive,
Mississauga, Ontario L5K 1B1
phone: (905) 403-6500
IMAX THEATRE HOLDING (CALIFORNIA I) CO. Delaware 52-2054998 110 E. 59th Street, Suite 2100
New York, New York 10022
phone: (212) 821-0100
IMAX THEATRE HOLDING (CALIFORNIA II) CO. Delaware 52-2054999 110 E. 59th Street, Suite 2100
New York, New York 10022
phone: (212) 821-0100
IMAX THEATRE HOLDING (NYACK I) CO. Delaware 52-2055001 110 E. 59th Street, Suite 2100
New York, New York 10022
phone: (212) 821-0100
IMAX THEATRE HOLDING (NYACK II) CO. Delaware 52-2055002 110 E. 59th Street, Suite 2100
New York, New York 10022
phone: (212) 821-0100
IMAX THEATRE HOLDING CO. Delaware 52-2054997 110 E. 59th Street, Suite 2100
New York, New York 10022
phone: (212) 821-0100
IMAX THEATRE HOLDINGS (OEI) INC. Delaware 52-2054993 110 E. 59th Street, Suite 2100
New York, New York 10022
phone: (212) 821-0100
IMAX THEATRE MANAGEMENT (SCOTTSDALE), INC. Arizona 86-0686026 110 E. 59th Street, Suite 2100
New York, New York 10022
phone: (212) 821-0100
IMAX THEATRE MANAGEMENT COMPANY Delaware 52-2054996 110 E. 59th Street, Suite 2100
New York, New York 10022
phone: (212) 821-0100
IMAX THEATRE SERVICES LTD. Ontario -- 2525 Speakman Drive,
Mississauga, Ontario L5K 1B1
phone: (905) 403-6500
IMAX U.S.A. INC. Delaware 98-0159490 110 E. 59th Street, Suite 2100
New York, New York 10022
phone: (212) 821-0100
EXACT NAME OF ADDITIONAL OBLIGOR JURISDICTION OF IRS EMPLOYER PRINCIPAL EXECUTIVE OFFICE
FORMATION IDENTIFICATION NO.
- -------------------------------- --------------- ------------------ ----------------------------------
IMMERSIVE ENTERTAINMENT INC. Delaware 98-0153646 110 E. 59th Street, Suite 2100
New York, New York 10022
phone: (212) 821-0100
MIAMI THEATRE LLC Delaware 65-0888857 110 E. 59th Street, Suite 2100
New York, New York 10022
phone: (212) 821-0100
MITEY CINEMA INC. Ontario -- 2525 Speakman Drive,
Mississauga, Ontario L5K 1B1
phone: (905) 403-6500
MOUNTAINVIEW THEATRE MANAGEMENT LTD. Alberta -- 2525 Speakman Drive,
Mississauga, Ontario L5K 1B1
phone: (905) 403-6500
NYACK THEATRE LLC New York 98-0202278 110 E. 59th Street, Suite 2100
New York, New York 10022
phone: (212) 821-0100
PANDA PRODUCTIONS INC. Delaware 95-4785483 110 E. 59th Street, Suite 2100
New York, New York 10022
phone: (212) 821-0100
RIDEFILM CORPORATION Delaware 04-3222960 110 E. 59th Street, Suite 2100
New York, New York 10022
phone: (212) 821-0100
RPM PICTURES LTD. Ontario -- 2525 Speakman Drive,
Mississauga, Ontario L5K 1B1
phone: (905) 403-6500
SACRAMENTO THEATRE LLC Delaware 68-0432572 110 E. 59th Street, Suite 2100
New York, New York 10022
phone: (212) 821-0100
SONICS ASSOCIATES, INC. Alabama 63-0623302 110 E. 59th Street, Suite 2100
New York, New York 10022
phone: (212) 821-0100
STARBOARD THEATRES LTD. Canada -- 2525 Speakman Drive,
Mississauga, Ontario L5K 1B1
phone: (905) 403-6500
STRATEGIC SPONSORSHIP CORPORATION Delaware 52-1723753 110 E. 59th Street, Suite 2100
New York, New York 10022
phone: (212) 821-0100
TANTUS FILMS LTD. Canada -- 2525 Speakman Drive,
Mississauga, Ontario L5K 1B1
phone: (905) 403-6500
TANTUS II FILMS LTD. Ontario -- 2525 Speakman Drive,
Mississauga, Ontario L5K 1B1
phone: (905) 403-6500
TAURUS-LITTROW PRODUCTIONS INC. Delaware -- 110 E. 59th Street, Suite 2100
New York, New York 10022
phone: (212) 821-0100
WIRE FRAME FILMS LTD. Ontario -- 2525 Speakman Drive,
Mississauga, Ontario L5K 1B1
phone: (905) 403-6500
FORM T-1
ITEM 1. GENERAL INFORMATION. FURNISH THE FOLLOWING INFORMATION AS TO THE
TRUSTEE.
a) Name and address of each examining or supervising authority to
which it is subject.
Comptroller of the Currency
Washington, D.C.
b) Whether it is authorized to exercise corporate trust powers.
Yes
ITEM 2. AFFILIATIONS WITH OBLIGORS. IF ANY OF THE OBLIGORS IS AN AFFILIATE OF
THE TRUSTEE, DESCRIBE EACH SUCH AFFILIATION.
None.
ITEMS 3-15. Items 3-15 are not applicable because to the best of the Trustee's
knowledge, none of the obligors is in default under any indenture
for which the Trustee acts as trustee.
ITEM 16. LIST OF EXHIBITS: LIST BELOW ALL EXHIBITS FILED AS A PART OF THIS
STATEMENT OF ELIGIBILITY AND QUALIFICATION.
1. A copy of the Articles of Association of the Trustee.*
2. A copy of the certificate of authority of the Trustee to commence
business.*
3. A copy of the certificate of authority of the Trustee to exercise
corporate trust powers.*
4. A copy of the existing bylaws of the Trustee.*
6. The consent of the Trustee required by Section 321(b) of the
Trust Indenture Act of 1939.
7. Report of Condition of the Trustee as of December 31, 2003,
published pursuant to law or the requirements of its supervising
or examining authority.
* Incorporated by reference to Registration Statement No. 333-67188.
NOTE
The answers to this statement insofar as such answers relate to what
persons have been underwriters for any securities of the obligors within three
years prior to the date of filing this statement, or what persons are owners of
10% or more of the voting securities of the obligors, or affiliates, are based
upon information furnished to the Trustee by the obligors. While the Trustee has
no reason to doubt the accuracy of any such information, it cannot accept any
responsibility therefor.
SIGNATURE
Pursuant to the requirements of the Trust Indenture Act of 1939, as
amended, the Trustee, U.S. BANK NATIONAL ASSOCIATION, a national banking
association organized and existing under the laws of the United States of
America, has duly caused this statement of eligibility and qualification to be
signed on its behalf by the undersigned, thereunto duly authorized, all in the
City of St. Paul, State of Minnesota on the 1st day of April, 2004.
U.S. BANK NATIONAL ASSOCIATION
By: /s/ Frank P. Leslie III
--------------------------------
Frank P. Leslie III
Vice President
By: /s/ Richard H. Prokosch
--------------------------------
Richard H. Prokosch
Vice President
EXHIBIT 6
CONSENT
In accordance with Section 321(b) of the Trust Indenture Act of 1939, the
undersigned, U.S. BANK NATIONAL ASSOCIATION hereby consents that reports of
examination of the undersigned by Federal, State, Territorial or District
authorities may be furnished by such authorities to the Securities and Exchange
Commission upon its request therefor.
Dated: April 1, 2004
U.S. BANK NATIONAL ASSOCIATION
By: /s/ Frank P. Leslie III
--------------------------------
Frank P. Leslie III
Vice President
By: /s/ Richard H. Prokosch
--------------------------------
Richard H. Prokosch
Vice President
EXHIBIT 7
U.S. BANK NATIONAL ASSOCIATION
STATEMENT OF FINANCIAL CONDITION
AS OF 12/31/2003
($000'S)
12/31/2003
------------
ASSETS
Cash and Due From Depository Institutions $ 8,631,361
Federal Reserve Stock 0
Securities 42,963,396
Federal Funds 2,585,353
Loans & Lease Financing Receivables 114,718,888
Fixed Assets 1,911,662
Intangible Assets 10,254,736
Other Assets 8,093,654
------------
TOTAL ASSETS $189,159,050
LIABILITIES
Deposits $128,249,183
Fed Funds 5,098,404
Treasury Demand Notes 3,585,132
Trading Liabilities 213,447
Other Borrowed Money 21,664,023
Acceptances 123,996
Subordinated Notes and Debentures 5,953,524
Other Liabilities 5,173,011
------------
TOTAL LIABILITIES $170,060,720
EQUITY
Minority Interest in Subsidiaries $ 1,002,595
Common and Preferred Stock 18,200
Surplus 11,677,397
Undivided Profits 6,400,138
------------
TOTAL EQUITY CAPITAL $ 19,098,330
TOTAL LIABILITIES AND EQUITY CAPITAL $189,159,050
- --------------------------------------------------------------------------------
To the best of the undersigned's determination, as of the date hereof, the above
financial information is true and correct.
U.S. BANK NATIONAL ASSOCIATION
By: /s/ Frank P. Leslie III
----------------------------------
Vice President
Date: April 1, 2004