The parties to this agreement are TriStar Pictures, Inc., a
Delaware corporation ("TriStar"), and Delphi Film Associates V, a
New York limited partnership (the "Seller"). TriStar, as
successor in interest to TriStar Pictures, a joint venture, and
the Seller are joint venturers in Tri-Star-Delphi V Productions,
a joint venture organized under New York law (the "Joint
Venture") pursuant to a Joint Venture Agreement dated August 15,
1985, as amended (the "Joint Venture Agreement"). TriStar
desires to purchase (in such capacity, the "Purchaser") from the
Seller, and the Seller desires to sell to TriStar all of Seller's
right, title and interest in and to the Interest (as hereinafter
defined), subject to the terms and provisions of this Agreement.
It is therefore agreed as follows:
1. Sale.
For and in consideration of the Purchase Price (as
hereinafter defined) and upon the execution and delivery of this
Agreement by TriStar, the Seller does hereby sell, transfer, set
over and assign to TriStar all of the Seller's right, title and
ownership interest in and to the Films set forth on Schedule 1
hereto (collectively, the "Films"), all of which are owned
through the Joint Venture, and the Seller's interests in the
Joint Venture (hereinafter referred to collectively as the
"Interest"). Concurrently with the execution and delivery of
this Agreement by TriStar and the Seller, the Seller shall
execute and deliver to TriStar (a) an Assignment of Joint Venture
Interest with respect to its interest in the Joint Venture in the
form of Exhibit A attached hereto, and (b) as a joint venturer in
the Joint Venture, a Xxxx of Sale and a Copyright Assignment in
the forms of Exhibit B and Exhibit C, respectively, attached
hereto.
2. Termination of Distribution Agreements.
Effective as of the date hereof upon payment by TriStar
and receipt by the Seller of the Purchase Price (as hereinafter
defined), the Distribution Agreement dated August 15, 1985, (such
agreement, as amended, being the "Distribution Agreement")
between TriStar and the Joint Venture, relating to the Films
shall automatically terminate without any further action on the
part of either party hereto or the Joint Venture.
Notwithstanding the foregoing, the provisions of Article XXI of
the Distribution Agreement shall survive such termination.
3. Termination of Joint Venture.
Effective as of the date hereof upon payment by TriStar
and receipt by the Seller of the Purchase Price (as hereinafter
defined) and the delivery of the Assignment of Joint Venture
Interest in the form of Exhibit A attached hereto, without any
further action by the parties, the Joint Venture shall terminate
and all right, title and interest in and to the assets of the
Joint Venture and all obligations (other than obligations
incurred by Seller on behalf of the Joint Venture outside of the
scope of Seller's authority) of the Joint Venture shall inure to
TriStar as successor in interest.
4. Purchase Price.
Within two business days of the execution and delivery
of this Agreement by TriStar and the Seller, TriStar shall pay to
the Seller, as the purchase price for the Interest, $350,000 (the
"Purchase Price"), which shall be paid, without deduction or
setoff, by wire transfer of immediately available funds to the
account of the Seller as set forth on Schedule 2 hereto. The
parties hereto acknowledge and agree that, subject to the terms
of this Agreement, (i) the Purchase Price constitutes full
satisfaction and settlement for the purchase of the Interest and,
in addition, of any and all amounts payable by TriStar to the
Seller or the Joint Venture, and any amounts payable by Seller to
TriStar or the Joint Venture, in each case with respect to the
distribution and exploitation of the Films under the terms of the
Joint Venture Agreement, the Distribution Agreement and the other
agreements and instruments entered into in connection with the
production, distribution and exploitation of the Films as
contemplated by the Seller's Prospectus dated August 21, 1985, as
such agreements, as amended, modified or supplemented, have been
entered into (the "Subject Agreements"), and (ii) upon receipt of
the Purchase Price by the Seller, TriStar shall have no further
liability or obligation to the Seller and Seller shall have no
further liability or obligation to TriStar or the Joint Venture
for the purchase of the Interest or the Films, or for payments
arising under the Subject Agreements with respect to the
distribution and exploitation of the Films, except that
notwithstanding the foregoing, the indemnities granted in the
Subject Agreements set forth in Schedule 3 hereto shall survive.
5. Representations and Warranties of the Seller.
The Seller represents and warrants to TriStar that (a)
the Seller is the owner of the Interest free and clear of all
mortgages, pledges, liens, security interests and other
encumbrances of any nature whatsoever; (b) the Seller has not
assigned or transferred to any other person, firm, corporation,
trust or other entity in any manner, including by way of
subrogation or operation of law or otherwise, all or any portion
of any claim, demand, right (including a right to receive any
payment, whether in respect of a participation interest or
otherwise), action or cause of action that it had, has or might
have arising under or in respect of the Interest, the Films, the
Subject Agreements or the business or operations of the Joint
Venture; and (c) to the best of Seller's knowledge, no
litigation, investigation or administrative proceeding of or
before any court, arbitrator or governmental authority is pending
or threatened against the Joint Venture, Seller or the Seller's
general partner, under or in connection with the Interest, the
Joint Venture, the Subject Agreements, the business or operations
of the Joint Venture or the transactions contemplated hereby.
6. Representations and Warranties of TriStar.
TriStar hereby represents and warrants to the Seller
that no material books or records of TriStar or its affiliates
related to the computation of costs of the Films or Seller's
share of the revenues derived from the exhibition, distribution
and other exploitation of the Films have been withheld by TriStar
from Seller or any agent or representative of Seller (including
without limitation, Xxxxxx Management Corporation) with respect
to the distribution and production audits heretofore performed by
or on behalf of the Seller. Seller acknowledges that it has been
given the opportunity to audit the books and records of TriStar
and its affiliates related to the production and distribution of
the Films and agrees that unless Seller has a reasonable basis to
believe that the foregoing representation is untrue, Seller shall
have no further right to audit any such books or records. The
Seller represents and warrants to TriStar that neither the Seller
nor any of its directors, officers, employees, affiliates, agents
or representatives (including, without limitation, Xxxxxx
Management Corporation) is presently aware of any breach of the
foregoing representation and warranty of TriStar.
7. Additional Representations and Warranties of the
Parties.
Each of TriStar and the Seller represents and warrants
to the other that (a) it has the right, power and authority to
execute, deliver and perform this Agreement; (b) this Agreement
and each other agreement entered into in connection herewith to
which it is a party have been duly and validly authorized,
executed and delivered by it and each such agreement constitutes
its legal, valid and binding obligation, enforceable against it
in accordance with its terms, except as such rights may be
limited by bankruptcy, insolvency and other laws affecting
creditors' rights generally and by equitable principles; (c) no
consent by any third party (including, without limitation, in the
case of the Seller, the limited partners of the Seller) is
required in connection with its execution, delivery and
performance of this Agreement and such agreements referred to in
clause (b) above; and (d) it has made its own business
determination and judgment regarding the purchase and sale of the
Interest for the Purchase Price pursuant to this Agreement and
that it is not relying upon any representation or warranty by the
other party in connection therewith or otherwise with respect to
the Interest or the Films, except as expressly set forth herein.
8. Further Assurances.
(a) The Seller agrees, after the date hereof, to
take all further actions which are reasonably requested by
TriStar in connection with the sale and transfer of the Interest
to TriStar to carry out the terms of this Agreement; provided
that the Seller shall not be required to incur any out-of-pocket
cost or expense in connection with any such action unless TriStar
agrees to reimburse the Seller for such cost or expense.
(b) TriStar agrees, after the date hereof, to
take all actions (i) necessary or appropriate for TriStar as
purchaser or for the Joint Venture or TriStar as a joint venturer
in the Joint Venture to evidence the transactions effected
hereby, including, without limitation, any filings with
governmental authorities, and to bear the costs of any such
actions or (ii) reasonably requested by Seller in connection with
the sale and transfer effected by this Agreement, at the cost and
expense of Seller; provided that the foregoing shall in no event
impose on TriStar any obligations or liabilities under the
federal or state securities laws with respect to filings
thereunder required to be made by Seller.
9. Records.
For a period of seven (7) years following the date of
this Agreement, each of TriStar and the Seller agree for the
benefit of the other, upon reasonable prior notice and during
regular business hours, to make its business records relating to
the Interest and the Films, and those business records, if any,
in its possession relating to the 1986 limited partner consent
solicitation and subsequent reorganization of the Seller,
available to the other (subject to any applicable confidentiality
obligations to which either party may be subject) for purposes of
any tax audit and/or litigation.
10. Indemnification.
(a) Each party (for purposes of this Section 10
each an "Indemnifying Party") shall indemnify and hold harmless
the other party and its respective subsidiaries, affiliates,
shareholders, partners and agents (including but not limited to
Xxxxxx Management Corporation) and the respective shareholders,
partners, officers, directors and employees of each of them (each
an "Indemnified Party") against any and all claims, damages,
judgements, losses, costs, expenses (including, without
limitation, reasonable attorneys' fees and disbursements incurred
in connection with investigating, preparing to defend or
defending against any action, suit or proceeding threatened or
commenced), penalties and liabilities of any kind or nature
whatsoever which may be sustained or suffered by any such
Indemnified Party directly or indirectly, relating to or arising
out of, a breach of any of the covenants, agreements,
representations or warranties contained in this Agreement by such
Indemnifying Party or in any certificate or other document
executed and delivered by such Indemnifying Party pursuant to
this Agreement or at the closing of the sale transaction
contemplated by this Agreement.
(b) All rights and remedies conferred by this
Agreement to an Indemnified Party shall be cumulative and shall
not interfere with or prevent the exercise of any other right or
remedy which may be available to such Indemnified Party hereunder
or otherwise under law or in equity. Any Indemnified Party shall
promptly notify the Indemnifying Party of any claim, demand, suit
or proceeding with respect to which it seeks indemnification
(provided that the failure to give such prompt notice shall not
affect the obligation of the Indemnifying Party unless the
failure to give the notice materially and adversely affects its
interest) and the Indemnifying Party shall at all times have the
right to defend, settle or compromise such claim, demand, suit or
proceeding with counsel of its own choosing and in such manner as
it may deem advisable; provided, however, that an Indemnifying
Party may not settle any such claim, demand, suit or proceeding
which in any way would affect the rights, interest or reputation
of an Indemnified Party without the prior written consent of such
Indemnified Party. If the Indemnifying Party shall elect to
control such defense, the Indemnified Party shall have the right
to engage separate counsel of its choice and participate in the
defense, negotiation or settlement of such action or proceeding
but shall bear the fees and expenses of such separate counsel
retained by it and the Indemnified Party shall cooperate in the
defense of any such claim, demand, action or other proceeding at
no cost or charge to the Indemnifying Party other than for the
other party's reasonable out-of-pocket expenses for performing
such acts as the Indemnifying Party shall request. If the
Indemnifying Party shall fail to appoint counsel on a timely
basis and undertake such defense, the Indemnified Party may
engage its own counsel, and the reasonable charges made in
connection therewith shall be paid by the Indemnifying Party.
The parties' rights, powers and remedies set forth herein shall
be in addition to, and not in lieu of, any rights, powers and
remedies hereunder at law or in equity, by statute or otherwise.
11. Location of Transfer.
The parties agree that the transfer of the Interest
shall occur in California.
12. Revocation of Empowerment to Appear in Suits.
The parties agree that to the extent that TriStar
heretofore empowered the Seller to bring, prosecute, defend and
appear in suits, actions and proceedings of any nature under or
concerning all copyrights in the Films and all renewals of these
copyrights, or concerning any infringement of any of these
copyrights or renewals, or interference with any of the rights
granted under these copyrights or renewals, such empowerment is
hereby revoked and terminated effective immediately.
13. Miscellaneous.
(a) This Agreement shall be governed by and
construed in accordance with the laws of the State of New York
applicable to agreements made and to be performed in that State,
and may not be amended, changed or terminated, except by an
instrument in writing signed by each of the parties hereto.
(b) All communications under this Agreement shall
be in writing and shall be deemed to have been duly given when
delivered personally or sent by overnight courier or mailed by
certified or registered first class mail, postage prepaid, return
receipt requested, to the party to whom the same is directed (or
to such other address as a party may have specified by written
notice to the other party):
If to the Seller, to it at:
Delphi Film Associates V
World Financial Center
Xxxxx Xxxxx -00xx Xxxxx
Xxx Xxxx, Xxx Xxxx 00000-0000
Attention: Xxxxx X. Xxxxxx
with a copy to:
Xxxxxx Management Corporation
000 Xxxxx Xxxxxx
Xxx Xxxx, Xxx Xxxx 00000
Attention: Xxxxxxx X. Xxxxx
If to TriStar, to it at:
TriStar Pictures, Inc.
c/o Sony Pictures Entertainment Inc.
00000 Xxxx Xxxxxxxxxx Xxxxxxxxx
Xxxxxx Xxxx, XX 00000-0000
Attention: Xxxxxx X. Xxxxxx
General Counsel
with a copy to:
TriStar Pictures, Inc.
c/o Sony Pictures Entertainment Inc.
00000 Xxxx Xxxxxxxxxx Xxxxxxxxx
Xxxxxx Xxxx, XX 00000-0000
Attention: Xxxxx X. Xxxxxxx, Xx.
Chief Financial Officer
(c) This Agreement is being entered into by
Seller in its individual capacity and, as to Section 3 hereof, as
a joint venturer in the Joint Venture. This Agreement is being
entered into by TriStar in its individual capacity, as Purchaser,
and, as to Section 2 hereof as a party to the Distribution
Agreement and as a joint venturer in the Joint Venture, and as to
Section 3 hereof, as a joint venturer in the Joint Venture. This
Agreement is further entered into by Seller and TriStar, as to
Section 4 in their respective capacities as parties to or
beneficiaries of interests in the Subject Agreements.
(d) This Agreement together with the Exhibits and
Schedules attached hereto sets forth the entire agreement and
understanding between the parties with respect to the subject
matter hereof and supersedes all prior agreements and
understandings with respect to such subject matter (whether
written or oral) all of which are merged herein.
(e) This Agreement may be entered into in one or
more counterparts, each of which together shall constitute one
agreement.
DELPHI FILM ASSOCIATES V
By: Delphi Management Associates,
General Partner
By: ML Film Entertainment Inc.
Managing Partner
By: /s/ Xxxxxx Xxxxxxxxxx
Name:Xxxxxx Xxxxxxxxxx
Title: Vice President
TRISTAR PICTURES, INC.
By: /s/ Xxxxx X. Xxxxxxx, Xx.
Name: Xxxxx X. Xxxxxxx, Xx.
Title: Executive Vice
President
and CFO
SCHEDULE 1
SCHEDULE OF FILMS
Santa Clause: The Movie
Band Of The Hand
Short Circuit
Short Circuit 2
Labyrinth
Nothing In Common
About Last Night...
Night Of The Creeps
Xxxxx Xxx Got Married
Let's Get Xxxxx
No Mercy
Every Time We Say Goodbye
The Boss' Wife
Blind Date
SCHEDULE 2
FUNDING INSTRUCTIONS
Amounts payable to Delphi Film Associates V (the "Seller")
pursuant to the Purchase and Sale Agreement dated as of March 12,
1998 between the Seller and TriStar Pictures, Inc. shall be paid
to the account of the Seller, as follows:
Delphi Film Associates V
Bankers Trust
ABA #: 000000000
Receipts Account #: 00000000
SCHEDULE 3
SCHEDULE OF INDEMNIFICATION PROVISIONS
Joint Venture Agreement dated August 15, 1985 between Tri-
Star Pictures, Inc. (as successor in interest to TriStar
Pictures, a joint venture) ("TriStar") and Delphi Film
Associates V ("Delphi V") (Sections 24 and 27).
Distribution Agreement dated August 15, 1985 between TriStar
and Tri-Star-Delphi V Productions ("Tri-Star-Delphi V")
(Section XXI).
Product Origination Agreement dated August 15, 1985 between
TriStar and Tri-Star-Delphi V (Article 8).
Production Services Agreement dated as of October 7, 1985
among TriStar, Tri-Star-Delphi IV Productions (Tri-Star-
Delphi IV") and Tri-Star-Delphi V (Sections 11 and 13) with
respect to "About Last Night", also known as "Sexual
Perversity in Chicago".
Production Services Agreement dated as of September 16, 1985
among TriStar, Tri-Star-Delphi IV and Tri-Star-Delphi V
(Sections 11 and 13) with respect to "Band of the Hand".
Production Services Agreement dated as of April 28, 1986
among TriStar and Tri-Star-Delphi V (Section 10) with
respect to "Blind Date".
Production Services Agreement dated as of February 3, 1986
among TriStar and Tri-Star-Delphi V (Sections 10 and 12)
with respect to "Every Time We Say Goodbye".
Production Services Agreement dated as of September 30, 1985
among TriStar, Tri-Star-Delphi IV and Tri-Star-Delphi V
(Sections 11 and 13) with respect to "Let's Get Xxxxx".
Production Services Agreement dated as of August 21, 1985
among TriStar, Tri-Star-Delphi IV and Tri-Star-Delphi V
(Sections 11 and 13) with respect to "Night of the Creeps".
Production Services Agreement dated as of December 24, 1985
between TriStar, Tri-Star-Delphi IV and TriStar-Delphi V
(Sections 11 and 13) with respect to "No Mercy".
Production Services Agreement dated as of August 26, 1985
among TriStar, Tri-Star-Delphi IV and Tri-Star-Delphi V
(Sections 11 and 13) with respect to "Nothing in Common".
Production Services Agreement dated as of April 7, 1986
between TriStar and Tri-Star-Delphi V (Sections 10 and 12)
with respect to "The Boss' Wife".
Supplemental Agreement dated June 25, 1986 between TriStar
and Tri-Star-Delphi V (Section 4) with respect to
"Labyrinth".
Supplemental Agreement dated as of November 26, 1985 between
TriStar and Tri-Star-Delphi V (Section 4) with respect to
"Santa Clause: The Movie".
EXHIBIT A
ASSIGNMENT OF JOINT VENTURE INTEREST
KNOW THAT Delphi Film Associates V ("Assignor"), for good
and valuable consideration received from TriStar Pictures, Inc.
("Assignee"), hereby assigns to Assignee all of its right, title
and interest in Tri-Star-Delphi V Productions (a New York joint
venture) (the "Joint Venture") from and after the date hereof
(the "Interest").
TO HAVE AND TO HOLD the same unto Assignee and to the
successors and assigns of Assignee forever.
By accepting this Assignment, Assignee hereby assumes all
obligations associated with the Interest, whether arising prior
to, on, or after the date hereof (other than obligations incurred
by Assignor on behalf of the Joint Venture outside of the scope
of Assignor's authority).
IN WITNESS WHEREOF, Assignor has executed this Assignment as
of the 12th day of March, 1998.
DELPHI FILM ASSOCIATES V
By: Delphi Management Associates,
General Partner
By: ML Film Entertainment Inc.,
Managing Partner
By:/s/ Xxxxxx Xxxxxxxxxx
Name: Xxxxxx Xxxxxxxxxx
Title: Vice President
Accepted as of the date
first above written
TRISTAR PICTURES, INC.
By: /s/ Xxxxx X. Xxxxxxx, Xx.
Name: Xxxxx X. Xxxxxxx, Xx.
Title: Executive Vice President and CFO
EXHIBIT B
XXXX OF SALE
For and in consideration of the sum of One Dollar ($1.00)
and other good and valuable consideration paid simultaneously
herewith by TRISTAR PICTURES, INC., a Delaware corporation
("TriStar"), to TRI-STAR-DELPHI V PRODUCTIONS (the "Seller"), a
joint venture organized under New York law between TriStar and
Delphi Film Associates V ("Delphi"), receipt of which the Seller
hereby acknowledges, the Seller hereby sells, assigns, transfers,
delivers and sets over to TriStar all of the Seller's right,
title and interest in and to the feature-length theatrical motion
pictures set forth on Schedule 1 attached hereto (the "Films"),
including, without limitation: (i) all common law and statutory
copyrights the Seller owns therein (and all renewals and
extensions thereof) throughout the world, (ii) all preprint
materials and copies thereof, (iii) such rights in the music and
literary property rights relating to the Films and/or on which
Films are based, including without limitation, rights in the
screenplay and the underlying literary rights on which the
screenplay was based, as may have been necessary to permit the
exploitation of the Films in all media for which the Seller has
rights, to the full extent of those rights, (iv) the right to
cause the Films to be exhibited, distributed, marketed and
exploited in all media in all territories in which the Seller has
rights, to the full extent of those rights and (v) all positive
and negative film of the Films, wherever located.
Without limiting the generality of the foregoing, the rights
sold, assigned, transferred and delivered to TriStar include the
following rights in and to the Films to the extent the Seller
owns or controls such rights:
(f) To secure copyright registration in the Films in
TriStar's own name anywhere in the world to the extent of the
interest herein conveyed, and to secure any renewals and
extensions thereof wherever and whenever permitted;
(g) To produce, issue and make negatives and positive
prints of the Films and trailers thereof;
(h) To use the titles of the Films and the right to
change such titles;
(i) To distribute, exhibit, transmit, project,
perform, reissue, subdistribute, sublicense, lease, rent,
exploit, turn to account, dispose of and generally deal in and
with the Films, and trailers thereof, and excerpts and clips
therefrom, in any and all languages (including dubbed, titled and
narrated versions) in all sizes and gauges of film and other
materials and for any and all purposes and uses, including,
without limitation, theatrical purposes of any and all kinds, non-
theatrical purposes of all kinds, and television in all forms, by
every means, method, process, medium or device now or hereafter
known, invented, contemplated or devised, subject, however, to
the limitations imposed by any applicable contracts for the use
of literary, dramatic or musical material;
(j) To publish, or cause or permit to be published, in
any languages and forms, synopses, summaries, resumes and stories
of and excerpts from the Films and any literary, dramatic or
musical material included in the Films or upon which the Films
are based, in newspapers, magazines, trade periodicals, heralds,
programs, booklets, posters, lobby displays, press books and any
other periodicals and in all other media of advertising and
publicity whatsoever, subject, however, to the limitations
imposed by any applicable contracts and guild agreements for the
use of literary, dramatic or musical material;
(k) To broadcast or transmit by radio, wire,
television or any other means or method, or license or authorize
others to so broadcast or transmit, in any language, adaptations,
versions or sketches of the Films, or any parts or portions
thereof, from audio or audiovisual works or with living persons,
or otherwise; and in connection therewith, to use parts of, or
excerpts from, or the theme of any literary, dramatic or musical
material contained in the Films or upon which the Films are
based, and to use in conjunction therewith any other literary,
dramatic or musical material, subject, however, to the
limitations imposed by any applicable contracts and guild
agreements for the use of such materials;
(l) To use the name and reproductions of the physical
likeness and voice of any party rendering services in connection
with the Films for the purposes of advertising or exploiting the
Films, including any product, commodity or service manufactured,
distributed or offered by any person, firm or corporation,
subject, however, to the limitations imposed by any applicable
contracts of employment and guild agreements;
(m) To publish, market and exploit all music and
lyrics composed or written for the Films and synchronized with it
as released, subject, however, to the limitations imposed by any
applicable contracts and guild agreements for the use of such
materials;
(n) To use, or license the use of, all or any part of
the sound recordings, musical scores and individual parts made
for or used in connection with the Films for the purpose of
producing or reproducing phonograph, tape, wire or other
recordings of any kind, whether in albums, single records,
cartridges, cassettes, tapes or otherwise, and whether or not
designated for sale to the public, for electrical transcription
for advertising purposes or for any other purpose, subject,
however, to the limitations imposed by any applicable contracts
and guild agreements for the use of such material;
(o) To use, exercise, employ, exploit and merchandise
all of the characters, situations, objects, properties, wardrobe,
designs, equipment and events depicted, described or portrayed in
the Films, the actors appearing therein and the logos and artwork
therefrom, subject, however, to the limitations imposed by any
applicable contracts for the use thereof and guild agreements;
and
(p) To publish and distribute novelizations,
photonovels and photocomic books of the Films and printed
versions of the literary material on which the Films are based in
book form and in magazines, newspapers and other periodicals,
whether in installments or otherwise, subject, however, to the
limitations imposed by any applicable contracts and guild
agreements for the use of such material.
This Xxxx of Sale is being delivered pursuant to the terms
of the Purchase and Sale Agreement dated as of March 12, 1998,
between TriStar and Delphi.
IN WITNESS WHEREOF, the Seller has caused this Xxxx of Sale
to be executed by its duly authorized officer as of March 12,
1998.
TRI-STAR-DELPHI V PRODUCTIONS
By: DELPHI FILM ASSOCIATES V,
a Joint Venturer
By: Delphi Management Associates,
General Partner
By: ML Film Entertainment Inc.,
Managing Partner
By:/s/ Xxxxxx Xxxxxxxxxx
Name: Xxxxxx Xxxxxxxxxx
Title: Vice President
By: TRISTAR PICTURES, INC.,
Joint Venturer
By: /s/ Xxxxx X. Xxxxxxx, Xx.
Name: Xxxxx H, Xxxxxxx, Jr.
Title:ExecutiveVicePresidentandCFO
EXHIBIT C
COPYRIGHT ASSIGNMENT
The undersigned hereby sells, assigns and transfers to
TRISTAR PICTURES, INC., a Delaware corporation, and its
successors and assigns (the "Assignee"), all of its right, title
and interest in and to the motion pictures set forth on
Schedule 1 attached hereto (collectively, the "Films"), and all
copyrights therein (including, without limitation, all copyrights
in the Films registered in the United States Copyright Office).
The undersigned hereby irrevocably appoints the Assignee as
its attorney-in-fact, with full and irrevocable power and
authority to do all acts and things, and to execute, acknowledge,
deliver, file, register and record all documents, in the name and
on behalf of the undersigned, as Assignee may deem necessary or
proper to accomplish the purpose of this Copyright Assignment.
Dated this 12th day of March, 1998.
TRI-STAR-DELPHI V PRODUCTIONS
By: DELPHI FILM ASSOCIATES V,
a Joint Venturer
By: Delphi Management Associates,
General Partner
By: ML Film Entertainment Inc.,
Managing Partner
By:/s/ Xxxxxx Xxxxxxxxxx
Name: Xxxxxx Xxxxxxxxxx
Title: Vice President
By: TRISTAR PICTURES, INC.,
a Joint Venturer
By: /s/ Xxxxx X. Xxxxxxx, Xx.
Name: Xxxxx H, Xxxxxxx, Jr.
Title:ExecutiveVice
Presidentand CFO
STATE OF NEW YORK )
)
)ss.:
)
COUNTY OF NEW YORK )
On this ____ day of March, 1998, before me personally came
_______________ to me personally known and who, being by me duly
sworn, did depose and say that he is the ___________ of ML FILM
ENTERTAINMENT INC., the managing partner of the general partner
of DELPHI FILM ASSOCIATES V, a joint venturer in TRI-STAR-DELPHI
V PRODUCTIONS, the joint venture described herein and which
executed the foregoing instrument, and that he signed his name
thereto.
Notary Public
STATE OF CALIFORNIA )
)
)ss.:
)
COUNTY OF )
On this ____ day of March, 1998, before me personally came
_______________ to me personally known and who, being by me duly
sworn, did depose and say that he is the ________________ of
TRISTAR PICTURES, INC., a joint venturer in TRI-STAR-DELPHI V
PRODUCTIONS, the joint venture described herein and which
executed the foregoing instrument, and that he signed his name
thereto.
Notary Public
