concluded
between
Xxxxx Xxxxxxx
and
Sport- und Kulturveranstaltungs Ges.m.b.H Maximal Productions
(in the following called Maximal Productions)
concerning
the main sponsorship of the trademark Xxxxxx
for the model contest "Look of the Year"
Preamble
Maximal Productions as licensee of the international modelling agency Elite is
entitled to hold the annual "Look of the Year" exclusively in Austria.
1.) Xxxxx Xxxxxxx, with the trademark Xxxxxx, concludes a
as the exclusive main sponsor with Maximal Productions for the modelling
contest "Look of the Year" for a period of five years - beginning with
01.01.1993, ending with 31.12.1997.
2.) Maximal Productions guarantees not to enter a contract with any other
cosmetic company, being in competition with Xxxxx Xxxxxxx, concerning the
contest "Look of the Year".
3.) Maximal Productions prints t-shirts and bathing suits exclusively with the
"Xxxxxx" logo and "Boys and Girls" logo which have to be worn by the
participants during the gala evening. The "Xxxxxx" logo has a minimum size
of 200mm in height and 40mm in width and has to be approved by Xxxxx
Xxxxxxx before print release.
4.) The T-Shirts effective for advertising purposes.are also provided for free
to the press, the staff members and the security staff. T-shirts can also
be produced on request for clients or VIPs. The costs of the T-shirts as
well as the costs for the printing material have to be paid by the sponsor,
the number and colour of the T-shirts and bathing suits have to be
clarified amicably. The layout has to be shown to Xxxxx Xxxxxxx before
print release.
5.) Like in 1992 Xxxxx Xxxxxxx/Xxxxxx has the possibility to take pictures or
film with the team of Maximal productions the international final and to
use this material for free for advertising and promotion. Against a
substitute resulting for our costs
6.) Special photo shootings may be arranged for Xxxxx Xxxxxxx/Xxxxxx with the
participants.
7.) On the basis of this contract the following arrangement for the amount and
the way of payment is made:
a. The main sponsor sum for the under #1 mentioned period of five years
is ATS 2.500.000,- plus 20% VAT.
b. 50% of the yearly sponsorship fee amounting to ATS 500.000,- have to
be paid at the beginning of the contract on January 1 of each treaty
year. The second 50% have to be transferred not later than 14 working
days after the event to the account of Maximal Productions. c.
Furthermore it is agreed that as margin for the five year period of
the contract a singular amount of ATS 250.000,- has to be paid also at
the beginning of each treaty year. d. Should Xxxxx Xxxxxxx want to
terminate the contract after the first treaty year the margin stays in
the possession of Maximal Productions for 100%. After the termination
after the second treaty year for 80%, the third treaty year for 50%,
after the third year for 30% and when the period of the contract is
fulfilled the margin is a 50% advance payment for the fifth year.
8.) The contract is ending automatically at the non-performance of the yearly
contest or the expiry of the licence concerning the "Look of the Year"
contest, in which case the margin has to be paid back to Xxxxx Xxxxxxx.
/s/ Xxxxx Xxxxx /s/ Xxxxxxxx Xxxxxxx
---------------------- ---------------------------------------
Xxxxx Xxxxx Xxxxxxxx Xxxxxxx
Xxxxx Xxxxxxx Sport- und Kulturveranstaltungen GmbH
Maximal Productions
PS: This agreement is available in duplicate: 1 copy Xxxxx Xxxxxxx, 1 copy
Maximal Productions.
