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EXHIBIT 10.15(b)
January 29, 1996
Mr. Bryce Anderson
P.O. Box 247
Ennis, Texas
RE: Stock Options
Dear Bryce:
Reference is made to that certain letter to you dated December 23, 1993 (the
"Option Letter") from Cinemark USA, Inc. (the "Company") pursuant to which the
Company granted you options (the "Options") to purchase 300 shares of the Class
B Common Stock of the Company (the "Common Stock") at an exercise price of
$833.34 per share and subject to the other terms and conditions set forth in
the Option Letter.
We have mutually agreed that the Option Letter is hereby amended to reduce the
number of shares of Common Stock covered by the Option Letter from 300 shares
to 200 shares and to reduce the exercise price of the Options from $833.34 per
share to $1.00 per share. Except as expressly amended hereby, all other terms
and conditions of the Option Letter shall remain in full force and effect. The
undersigned option holder acknowledges and agrees that this amendment of the
Option Letter is made by the Option holder in consideration for the reduction
of the exercise price of the Options as stated above.
CINEMARK USA, INC.
By: /s/ Alan W. Stock
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Alan W. Stock
President
Acknowledged and agreed:
/s/ Bryce Anderson
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Bryce Anderson
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January 29, 1996
Mr. Heriberto Guerra, Jr.
175 E. Houston, Suite 18-B-80
San Antonio, Texas 78205
RE: Stock Options
Dear Berto:
Reference is made to that certain letter to you dated December 23, 1993 (the
"Option Letter") from Cinemark USA, Inc. (the "Company") pursuant to which the
Company granted you options (the "Options") to purchase 300 shares of the Class
B Common Stock of the Company (the "Common Stock") at an exercise price of
$833.34 per share and subject to the other terms and conditions set forth in
the Option Letter.
We have mutually agreed that the Option Letter is hereby amended to reduce the
number of shares of Common Stock covered by the Option Letter from 300 shares
to 200 shares and to reduce the exercise price of the Options from $833.34 per
share to $1.00 per share. Except as expressly amended hereby, all other terms
and conditions of the Option Letter shall remain in full force and effect. The
undersigned option holder acknowledges and agrees that this amendment of the
Option Letter is made by the Option holder in consideration for the reduction
of the exercise price of the Options as stated above.
CINEMARK USA, INC.
By: /s/ Alan W. Stock
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Alan W. Stock
President
Acknowledged and agreed:
/s/ Heriberto Guerra, Jr.
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Heriberto Guerra, Jr.
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January 29, 1996
Mr. Sheldon I. Stein
Bear, Stearns & Co. Inc.
300 Crescent Court, Suite 200
Dallas, Texas 75201
RE: Stock Options
Dear Shelly:
Reference is made to that certain letter to you dated December 23, 1993 (the
"Option Letter") from Cinemark USA, Inc. (the "Company") pursuant to which the
Company granted you options (the "Options") to purchase 300 shares of the Class
B Common Stock of the Company (the "Common Stock") at an exercise price of
$833.34 per share and subject to the other terms and conditions set forth in
the Option Letter.
We have mutually agreed that the Option Letter is hereby amended to reduce the
number of shares of Common Stock covered by the Option Letter from 300 shares
to 200 shares and to reduce the exercise price of the Options from $833.34 per
share to $1.00 per share. Except as expressly amended hereby, all other terms
and conditions of the Option Letter shall remain in full force and effect. The
undersigned option holder acknowledges and agrees that this amendment of the
Option Letter is made by the Option holder in consideration for the reduction
of the exercise price of the Options as stated above.
CINEMARK USA, INC.
By: /s/ Alan W. Stock
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Alan W. Stock
President
Acknowledged and agreed:
/s/ Sheldon I. Stein
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Sheldon I. Stein