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3. DURATION AND EXTENT OF RIGHTS GRANTED: Purchaser shall enjoy, solely and exclusively, all the rights, privileges and property granted hereunder throughout the universe, in perpetuity, as long as any rights in the Property are recognized in law or equity, except insofar as such period of perpetuity may be shortened due to any now existing or future copyright by Owner of the Property , in which case Purchaser shall enjoy its sole and exclusive rights, privileges and property hereunder to the fullest extent permissible under and for the full duration of such copyright or copyrights, whether common law or statutory, and any and all renewals and/or extensions thereof, and shall thereafter enjoy all such rights, privileges and property non-exclusively in perpetuity throughout the universe. The rights granted herein are in addition to and shall not be construed in derogation of any rights which Purchaser may have as a member of the public. Upon payment of the purchase price set forth in paragraph 4 below, all rights, privileges and property granted herein to Purchaser are irrevocable and not subject to termination, rescission, restraint or injunction under any circumstances, Owner's sole remedy for any breach hereof being a suit at law for damages If a motion picture based upon the Property shall not have commenced principal photography within one and a half years from date hereof, then all rights hereunder shall revert to Owner subject to a first position security interest in Purchaser for an amount equal to all monies paid to Owner with respect to said purchase price and all monies paid to Owner on account of writing services (whether performed hereunder or pursuant to the option agreement to which this agreement is attached as Exhibit A), such amount being payable and paid to Purchaser not later than the first day of principal photography of any motion picture or other production based upon the Property.
4A. PURCHASE PRICE. As consideration for all rights granted and assigned to Purchaser and for Owner's representations and warranties, Purchaser agrees to pay to Owner, and Owner agrees to accept, with respect to the motion picture produced hereunder based upon the Property the sum of Seventy Five Thousand US$ ($75,000.00) as follows:
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4А. ПОКУПНАЯ ЦЕНА. С учетом всех прав предоставленных Владельцем Покупателю, и установленных для Покупателя заявлений, гарантий от Владельца, Покупатель обязуется выплатить Владельцу, а Владелец обязуется принять, на основе созданного игрового фильма, сумму Семьдесят пять тысяч долларов США ($ 75,000.00) в следующем порядке:
(a) the sum of Ten Thousand US$ ($10,000.00) to be paid to Owner upon exercise of the Option but in any event no later than the first day of principal photography of the Picture: and
(b) the sum of Twenty Thousand US$($ 20.000.00) to be paid to Owner no later than the last day of principal photography of the Picture: and
(а)
(б) Сумму двадцать тысяч в ДОЛЛАРАХ США ($ 20.000.00) следует уплатить Owner не позднее последнего дня съемок фильма: и
(c) the sum of Twenty Thousand US$ ($20,000.00) US$2,500 to be paid to Owner no later than the last day of post production of the Picture: and
(d) The sum of Twenty Five Thousand US$ ($25,000.00) as a deferred payment of Purchase Price for Property, to be paid to Owner, before any other deferred payments to be made in connection with the Picture, except for any deferred payment to be paid to actors playing lead roles; and
(c) Сумму 20 тысяч долларов США ($ 20,000.00) США $ 2,500 следует уплатить Owner не позднее последнего дня сдачи фильма и Презентации(Post): и
(d) сумма двадцать пять тысяч долларов США ($ 25,000.00) уплачивается с отсрочкой Владельцу, прежде чем будут уплачены любые другие отсроченные платежи, которые производились в связи с производством фильма, за исключением оплаты артистов, сыгравших главные роли, и…
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4B. CONTINGENT COMPENSATION. Owner shall be entitled to 1% of 100% of the net profits of the Picture. The term “Net Profits” shall be defined, computed, accounted for and paid in the same manner as for Purchaser. Owner shall be accorded customary statements (i.e. quarterly for the first two years from and after release of the Picture in any medium; semiannually for the next two years and then annually thereafter) and annual audit rights.
4B. КОНТИНГЕНТ КОМПЕНСАЦИИ. Владелец имеет право на 1 % от 100 % от чистой прибыли на Фильме. Термин, “ чистая прибыль ” должен быть определен, рассчитан, учитываться и выплачиваться так же, как для Покупателя. Владельцу предоставляется обычное заявление (т.е ежеквартально для первых двух лет и после выхода Фильма на любом носителе, в ближайшие два года и затем ежегодно впоследствии) и ежегодные ревизии прав.
5. REPRESENTATIONS AND WARRANTIES:
(a) Sole Proprietor: Owner represents and warrants to
Конец ознакомительного фрагмента.