Common use of Production Elements Clause in Contracts

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 ▇▇▇▇▇▇▇ ▇▇▇▇▇ 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.

Appears in 3 contracts

Sources: Completion Guaranty, Completion Guaranty, Completion Agreement

Production Elements. The Parties have approved of each of the production elements concerning the Film listed below (collectively, the “P roduction Production Elements”), each of which shall remain subject to non-material changes: 3.1.1 The budget dated February 51, 20212023, with a grand total of $11,809,14211,326,297, a copy of the top-top sheet of which is attached hereto as Exhibit “A-1” (the “Budget”). 3.1.2 The cash flow schedule dated February 51, 20212023, 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 Exhibit “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 Georgia, and its environs for principal photography of the Film and Los Angeles, California California, and its environs for post-production of the Film (collectively, the “L ocationLocation”). 3.1.5 Each of the bank account(s) listed in E xhibit “A-4” attached hereto (individually and collectively, the Production Account”), which is detailed in Exhibit “A-4” attached hereto. 3.1.6 The shooting schedule dated February 51, 20212023, copies of the first and last page of which are attached hereto as E xhibit Exhibit “A-5” with 31 days of first unit principal photography (the “Shooting Schedule”), and the post calendar dated February 51, 20212023, copies of the first and last page of which are attached hereto as E xhibit Exhibit “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 TeapotDemons Realm, written by ▇▇▇▇▇▇▇ ▇▇▇▇▇ 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.

Appears in 2 contracts

Sources: Completion Guaranty, Completion Guaranty

Production Elements. The Parties have approved of each of the production elements concerning the Film listed below (collectively, the “P roduction Production Elements”), each of which shall remain subject to non-material changes: 3.1.1 The budget dated February 51, 20212023, with a grand total of $11,809,14211,326,297, 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 51, 20212023, 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 Exhibit “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 Georgia, and its environs for principal photography of the Film and Los Angeles, California California, and its environs for post-production of the Film (collectively, the “L ocationLocation”). 3.1.5 Each of the bank account(s) listed in E xhibit “A-4” attached hereto (individually and collectively, the Production Account”), which is detailed in Exhibit “A-4” attached hereto. 3.1.6 The shooting schedule dated February 51, 20212023, copies of the first and last page of which are attached hereto as E xhibit Exhibit “A-5” with 31 days of first unit principal photography (the “Shooting Schedule”), and the post calendar dated February 51, 20212023, copies of the first and last page of which are attached hereto as E xhibit Exhibit “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 TeapotDemons Realm, written by ▇▇▇▇▇▇▇ ▇▇▇▇▇ 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.

Appears in 2 contracts

Sources: Completion Agreement, Completion Agreement

Production Elements. The Parties have approved of each of the production elements concerning with respect to the Film listed below (collectively, the “P roduction Production Elements”), each of which shall remain subject to non-material changes: 3.1.1 The budget dated February 5, 20212019, with which lists a grand total of $11,809,14210,361,079, 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, 20212019, 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 in accordance with 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 ocationLocation”). 3.1.5 Each of the bank account(s) account listed in E xhibit “A-4” attached hereto (individually and collectively, the “ Production Account”).“Production 3.1.6 The shooting schedule dated February 5, 20212019, 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, 20212019, 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 TeapotIndependent Spirit, written by ▇▇▇▇▇▇▇ ▇▇▇▇▇ 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.

Appears in 1 contract

Sources: Completion Guaranty

Production Elements. The Parties have approved of each of the production elements concerning element with respect to the Film listed below (collectively, the “P roduction Production Elements”), each of which shall remain remains subject to non-material changes: 3.1.1 The budget dated February January 5, 2021, with 2017 which lists a grand total of $11,809,14210,361,079, 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 January 5, 20212017, a copy of which is attached hereto as Exhibit E xhibit “A-2” (the “CashCash Flow 3.1.3 The key cast and key crew listed in E xhibit Exhibit “A-3” attached hereto (the “Key Cast Cast” and Crew List“Key Crew”) 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 thatthat have been approved, to the extent if applicable, have been approved under in accordance with the terms of the Interparty Agreement and the Distributor Assignments. 3.1.4 The location of AtlantaNew Orleans, Georgia Louisiana and its environs for the principal photography of the Film and Los Angeles, California and its environs for the post-production of the Film (collectively, the “L ocationLocation”). 3.1.5 Each of The production account with Account No.: 123456789, maintained at Chase Bank, located at ▇▇▇▇ ▇▇ ▇▇▇▇▇▇▇ ▇▇▇ New Orleans, LA 70130, Attention: ▇▇▇▇ ▇▇▇▇▇, ABA Routing No.: 109876543 (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 January 5, 20212017, copies of the first and last page of which are attached hereto as E xhibit Exhibit A-5▇- ▇ ” with 31 days of first unit principal photography (the “Shooting Schedule”), and the post calendar dated February January 5, 20212017, copies of the first and last page of which are attached hereto as E xhibit “A-6A-5” 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 TeapotIndependent Spirit, written by ▇▇▇▇▇▇▇ ▇▇▇▇▇ and is 102 pages in length, copies of the cover and last page of which are attached hereto as Exhibit “A-7A-6” (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.

Appears in 1 contract

Sources: Completion Guaranty

Production Elements. The Parties have approved of each of the production elements concerning the Film listed below (collectively, the “P roduction Production Elements”), each of which shall remain subject to non-material changes: 3.1.1 The budget dated February 52, 20212022, with a grand total of $11,809,14211,326,297, 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 52, 20212022, 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 Exhibit “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 Georgia, and its environs for principal photography of the Film and Los Angeles, California California, and its environs for post-production of the Film (collectively, the “L ocationLocation”). 3.1.5 Each of the bank account(s) listed in E xhibit “A-4” attached hereto (individually and collectively, the Production Account”), which is detailed in Exhibit “A-4” attached hereto. 3.1.6 The shooting schedule dated February 52, 20212022, copies of the first and last page of which are attached hereto as E xhibit Exhibit “A-5” with 31 days of first unit principal photography (the “Shooting Schedule”), and the post calendar dated February 52, 20212022, copies of the first and last page of which are attached hereto as E xhibit Exhibit “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 TeapotDemons Realm, written by ▇▇▇▇▇▇▇ ▇▇▇▇▇ 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.

Appears in 1 contract

Sources: Completion Guaranty

Production Elements. The Parties have approved of each of the production elements concerning with respect to the Film listed below (collectively, the “P roduction Production Elements”), each of which shall remain subject to non-material changes: 3.1.1 The budget dated February 5, 20212019, with which lists a grand total of $11,809,14210,361,079, 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, 20212019, 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 in accordance with 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 ocationLocation”). 3.1.5 Each of the bank account(s) account listed in E xhibit Exhibit “A-4” attached hereto (individually and collectively, the “ Production Account”).“Production 3.1.6 The shooting schedule dated February 5, 20212019, 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, 20212019, 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 TeapotIndependent Spirit, written by ▇▇▇▇▇▇▇ ▇▇▇▇▇ 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.

Appears in 1 contract

Sources: Completion Agreement

Production Elements. The Parties have approved of each of the production elements concerning with respect to the Film listed below (collectively, the “P roduction Production Elements”), each of which shall remain subject to non-material changes: 3.1.1 The budget dated February 5, 20212018, with which lists a grand total of $11,809,14210,361,079, 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, 20212018, 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 in accordance with the terms of the Interparty Agreement and the Distributor Assignments. 3.1.4 The location of AtlantaNew Orleans, Georgia Louisiana, and its environs for the principal photography of the Film and Los Angeles, California and its environs for the post-production of the Film (collectively, the “L ocationLocation”). 3.1.5 Each of The production account with Account No.: 123456789, maintained at Chase Bank, located at ▇▇▇▇ ▇▇ ▇▇▇▇▇▇▇ ▇▇▇ New Orleans, LA 70130, Attention: ▇▇▇▇ ▇▇▇▇▇, ABA Routing No.: 109876543 (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, 20212018, copies of the first and last page of which are attached hereto as E xhibit “A-5A-4” with 31 days of first unit principal photography (the “Shooting Schedule”), and the post calendar dated February 5, 20212018, copies of the first and last page of which are attached hereto as E xhibit “A-6A-5” 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 TeapotIndependent Spirit, written by ▇▇▇▇▇▇▇ ▇▇▇▇▇ and is 102 pages in length, copies of the cover and last page of which are attached hereto as Exhibit “A-7A-6” (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.

Appears in 1 contract

Sources: Completion Guaranty

Production Elements. The Parties have Completion Guarantor has approved of each of the production elements concerning element with respect to the Film listed below (collectively, the P roduction ElementsProduction Element”), each of which shall remain remains subject to non-material changes: 3.1.1 The budget dated February January 5, 2021, with 2015 which lists a grand total of $11,809,14210,361,079, 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 January 5, 20212015, a copy of which is attached hereto as Exhibit “A-2” (the “CashCash Flow Schedule”). 3.1.3 The key cast and key crew listed in E xhibit “A-3” attached hereto (the “Key Cast Cast” and Crew List“Key Crew”) 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 AssignmentsGuarantor. 3.1.4 The location of AtlantaNew Orleans, Georgia Louisiana and its environs for the principal photography of the Film and Los Angeles, California and its environs for the post-production of the Film (collectively, the “L ocationLocation”). 3.1.5 Each of The production account with Account No.: 123456789, maintained at Chase Bank, located at ▇▇▇▇ ▇▇ ▇▇▇▇▇▇▇ ▇▇▇ New Orleans, LA 70130, Attention: ▇▇▇▇ ▇▇▇▇▇, ABA Routing No.: 109876543 (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 January 5, 20212015, copies of the first and last page pages of which are attached hereto as E xhibit Exhibit A-5A-4” with 31 days of first unit principal photography (the “Shooting Schedule”), and the post calendar dated February January 5, 20212015, copies of the first and last page pages of which are attached hereto as E xhibit Exhibit A-6A-5” 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 TeapotIndependent Spirit, written by ▇▇▇▇▇▇▇ ▇▇▇▇▇ and is 102 pages in length, copies of the cover first and last page pages of which are attached hereto as Exhibit “A-7A-6” (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.

Appears in 1 contract

Sources: Completion Guaranty

Production Elements. The Parties have approved of each of the production elements concerning the Film listed below (collectively, the “P roduction Production 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 Exhibit “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 ocationLocation”). 3.1.5 Each of the bank account(s) listed in E xhibit Exhibit “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 Exhibit “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 Exhibit “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 ▇▇▇▇▇▇▇ ▇▇▇▇▇ 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.

Appears in 1 contract

Sources: Completion Agreement

Production Elements. The Parties have Each Party has approved of each of the production elements concerning element with respect to the Film listed below (collectively, the P roduction ElementsProduction Element”), each of which shall remain remains subject to non-material changes: 3.1.1 The budget dated February January 5, 2021, with 2015 which lists a grand total of $11,809,14210,361,079, 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 January 5, 20212015, a copy of which is attached hereto as Exhibit “A-2” (the “CashCash Flow 3.1.3 The key cast and key crew listed in E xhibit Exhibit “A-3” attached hereto (the “Key Cast Cast” and Crew List“Key Crew”) 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 AssignmentsGuarantor. 3.1.4 The location of AtlantaNew Orleans, Georgia Louisiana and its environs for the principal photography of the Film and Los Angeles, California and its environs for the post-production of the Film (collectively, the “L ocationLocation”). 3.1.5 Each of The production account with Account No.: 123456789, maintained at Chase Bank, located at ▇▇▇▇ ▇▇ ▇▇▇▇▇▇▇ ▇▇▇ New Orleans, LA 70130, Attention: ▇▇▇▇ ▇▇▇▇▇, ABA Routing No.: 109876543 (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 January 5, 20212015, copies of the first and last page pages of which are attached hereto as E xhibit “A-5A-4” with 31 days of first unit principal photography (the “Shooting Schedule”), and the post calendar dated February January 5, 20212015, copies of the first and last page pages of which are attached hereto as E xhibit Exhibit A-6A-5” 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 TeapotIndependent Spirit, written by ▇▇▇▇▇▇▇ ▇▇▇▇▇ and is 102 pages in length, copies of the cover first and last page pages of which are attached hereto as Exhibit “A-7A-6” (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.

Appears in 1 contract

Sources: Completion Agreement