Production Fee. 3.1 In consideration for the performance by Producer of its obligations hereunder and in full discharge of all of IPG's obligations to Producer in connection with production of the Series, IPG agrees to pay Producer, and Producer agrees to accept, "Production Fees" in the amount of $55,000 per program for the first order of twenty two (22) programs, an aggregate amount of $1,210,000.00, payable as follows: $250,000 on or before April 30, 1996, $480,000
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Sources: License and Distribution Agreement (Team Communication Group Inc), License and Distribution Agreement (Team Communication Group Inc)