Cooperation Methodology Sample Clauses
Cooperation Methodology. 1.1.1 The Fund hereby entrusts the Affiliates of Bona to make investments into a variety of films and television series (collectively, the “Target Projects”). Following the receipt of the funds remitted by the Fund, the Affiliates of Bona shall make investments into the Target Projects in accordance with this Agreement and be responsible for matters such as the production and distribution of the Target Projects.
1.1.2 Bona Film shall submit the documents and materials related to the potential film and television production projects selected by it to the Investment Decision Committee of the Fund (the “IDC”) for its review. The documents and materials to be submitted shall include but not limited to the title of the film or television series, storyline, production team to be formed (including without limitation the scriptwriter, director and principal cast), production period, theatrical release schedule, size of the investment, estimated budget of production and marketing, profit forecast, co-investor(s) and the respective investment proportion, and other documents and materials reasonably required by the IDC. After obtaining the approval of the IDC, the GP shall issue the payment order to the custodian bank and require the bank to remit the funds to the following bank account of Bona Film at the time prescribed in the resolutions of the IDC. A/C Name: Bona Film Group Co., Ltd. (PRC) Beneficiary Bank Name: East West Bank (China) Co., Ltd. A/C No.: 5992010120045160
1.1.3 After execution of the investment agreement or other relevant agreements regarding each Target Project, the Affiliates of Bona shall enter into the Joint Investment Agreement with the Fund in substantially the form attached hereto as Exhibit A (the “Joint Investment Agreement”), pursuant to which the Affiliates of Bona shall make investment into the Target Projects on behalf of the Fund, and the worldwide income generated from the Target Projects prescribed thereunder during the period in which the Fund exists shall belong to the Fund and the Fund shall bear all risks of investment involved in the Target Projects.
Cooperation Methodology a) Both Parties establish the professional teams for exchange of sales and marketing information: DGLight appoints, authorizes and commissions CGNHK the exclusive rights to market, sell and distribute the Products to markets in the Global Territory. According to this Agreement, both Parties confirmed that all countries around the world except Mainland China are exclusive sales and distribution regions for the Products and the corporations stated, indicated and confirmed in the Global Territory will be the target customers of CGNHK. CGNHK requires to seek for the demand in the countries according to the request of DGLight. DGLight receives information of the corresponding countries (or regions) from CGNHK and is liable to preserve the confidentiality of those information being received. DGLight should provide the products information (including technical specifications, advances and new products information) and products updates, if any, for CGNHK to strengthen and enhance its sales, market and distribution capability. DGLight also appoints, authorizes and commissions CGNHK the exclusive rights to build a proper new brand name for the Products with global markets mindset and requirements in order to strengthen and provide a better penetration into the Global Territory. During the cooperation period, CGNHK owns the exclusive rights to sell, market and distribute the Products to all countries around the world except Mainland China. DGLight is responsible to stop, refrain, or restrict any of its clients, located in the Mainland China, selling, marketing and distributing the Products in the Global Territory except Mainland China.
b) Operation Methodology apply to both parties: Based on the actual customers' situation, CGNHK can participate in bidding and quotations. In order to win the bids, with reference to the competitors' bids and orders, DGLight should offer, based on own situation, a reasonable purchasing price and delivery date to support the bid of CGNHK. DGLight cannot alter the offered price within the quotation period. Once CGNHK wins the bid, both Parties have to sign a separate purchase agreement based on the winning bid, such that to ensure the rights and obligations of both parties, the payment method, and other clauses in accordance with contract signed by CGNHK and bid customers. Under this Agreement, if DGLight, through bidding or direct sales, enters contracts with third party in the Global Territory except Mainland China, DGLight is required...