Royalty Agreement
October 14, 2011
Between:
(“Fulu”)
-and-
Xxxxx Xxxxxxx
(“Xxxxxxx”)
(collectively the “Parties”)
Whereas the Parties are desirous of entering into a business arrangement designed to expedite the production of the intellectual property know as “All the Wrong Reasons (WGA REGISTRATION: 1533357), the Parties hereby agree as follows:
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1.
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Fulu will be responsible for all production costs to date and all ongoing production costs. These costs in total are not expected to be more than US$12,000.00;
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2.
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Fulu will provide all production services;
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3.
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Xxxxxxx will provide script input on an as-needed basis and will manage the production and post-production process;
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4.
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Fulu will pay Xxxxxxx x xxxxx overriding Royalty of 20% of any and all worldwide revenues generated by, or derived from, the Production.
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Signed and agreed to in Calgary, this 14th day of October, 2011
/s/Xxxxx Xxxxxxx
Xxxxx Xxxxxxx
Per:
/s/Xxxxxx Xxx
Xxxxxx Xxx
Director
