Production Elements. The Parties have approved of each of the production elements concerning the Film listed below (collectively, the “P roduction Elements”), each of which shall remain subject to non-material changes:
3.1.1 The budget dated February 5, 2021, with a grand total of $11,809,142, a copy of the top-sheet of which is attached hereto as Exhibit “A-1” (the “Budget”).
3.1.2 The cash flow schedule dated February 5, 2021, a copy of which is attached hereto as Exhibit “A-2” (the “Cash
3.1.3 The key cast and crew listed in E xhibit “A-3” attached hereto (the “Key Cast and Crew List”) including each “Essential Element,” if any, which is denoted by the symbol “EE” beside his/her name therein, or any permitted replacements made by Producer or Completion Guarantor that, to the extent applicable, have been approved under the terms of the Interparty Agreement and the Distributor Assignments.
3.1.4 The location of Atlanta, Georgia and its environs for principal photography of the Film and Los Angeles, California and its environs for post-production of the Film (collectively, the “L ocation”).
3.1.5 Each of the bank account(s) listed in E xhibit “A-4” attached hereto (individually and collectively, the “ Production Account”).
3.1.6 The shooting schedule dated February 5, 2021, copies of the first and last page of which are attached hereto as E xhibit “A-5” with 31 days of first unit principal photography (the “Shooting Schedule”), and the post calendar dated February 5, 2021, copies of the first and last page of which are attached hereto as E xhibit “A-6” with 22 weeks of post-production (the “Post Calendar” and together with the Shooting Schedule, the “Schedule”).
3.1.7 The screenplay entitled Tempest in a Teapot, written by Xxxxxxx Xxxxx and is 102 pages in length, copies of the cover and last page of which are attached hereto as Exhibit “A-7” (the “Screenplay”). A RTICLE 4 - FUNDING
4.1 Strike Price. The “Strike Price” is $11,300,614, which includes (a) direct costs of $10,273,285, (b) a contingency allowance (regardless if there is another or no amount therefor included in the Budget) of $821,863 (the “Contingency”) (which, if applicable, will be supplemented by Producer Deferral of $25,000), and (c) the guaranty fee (regardless if there is another or no amount therefor included in the Budget) of $205,466 (the “Guaranty Fee”). The Strike Price does not include any Interest or Charges.
Production Elements. For each new production, the Producer shall submit to Equity written notification of the production elements being contemp[lated on a form provided by Actors’ Equity. Equity shall be in receipt of this notification prior to the completion of the first week of rehearsal. It is understood that production elements may be changed and Equity shall be notified of such changes within three days following the opening performance.
Production Elements. The Parties have approved of each of the production elements with respect to the Film listed below (collectively, the “Production Elements”), each of which shall remain subject to non-material changes:
3.1.1 The budget dated February 5, 2018, which lists a grand total of $10,361,079, a copy of the top-sheet of which is attached hereto as Exhibit “A-1” (the “Budget”).
3.1.2 The cash flow schedule dated February 5, 2018, a copy of which is attached hereto as Exhibit “A-2” (the “Cash
3.1.3 The key cast and crew listed in E xhibit “A-3” attached hereto (the “Key Cast and Crew List”) including each “Essential Element,” if any, which is denoted by the symbol “EE” beside his/her name therein, or any permitted replacements made by Producer or Completion Guarantor that, to the extent applicable, have been approved in accordance with the terms of the Interparty Agreement and the Distributor Assignments.
3.1.4 The location of New Orleans, Louisiana, and environs for the principal photography and Los Angeles, California and environs for the post-production (collectively, the “Location”).
3.1.5 The production account with Account No.: 123456789, maintained at Chase Bank, located at 0000 Xx Xxxxxxx Xxx New Orleans, LA 70130, Attention: Xxxx Xxxxx, ABA Routing No.: 109876543 (the “Production Account”).
3.1.6 The shooting schedule dated February 5, 2018, copies of the first and last page of which are attached hereto as E xhibit “A-4” with 31 days of first unit principal photography (the “Shooting Schedule”), and the post calendar dated February 5, 2018, copies of the first and last page of which are attached hereto as E xhibit “A-5” with 22 weeks of post-production (the “Post Calendar” and together with the Shooting Schedule, the “Schedule”).
3.1.7 The screenplay entitled Independent Spirit, written by Xxxxxxx Xxxxx and is 102 pages in length, copies of the cover and last page of which are attached hereto as Exhibit “A-6” (the “Screenplay”).
