AGREEMENT ("Agreement") dated April 01,2003 between FEATURE TIllS! LLC
(the "Agency") located at 000 X. Xxxxxxx Xxxx., Xxxxxxx, XX 00000 and
OMNI BROADCASTING NETWORK(the "Network"), located at 0000 Xxxxxx
Xxxxxx Xxxxxxx, Xxxxx 000, Xxx Xxxxx, XX 00000.
1) Purpose of Agreement: To grant Agency sole and exclusive rights
during the term hereof, to represent OMNI Network as Agent and point
of contact for Media Buys, Paid Sponsorship, Product Placement and
Promotional Opportunities in the television show industry.
2) Term of Agreement: The term of this agreement will be for twelve
(12) months through March 31, 2004, commencing on the date written
above.
3) Agency agrees to:
a) Provide Paid Sponsorship and/or Media Buys to Network for:
10-second spot commercial air time
30-second spot commercial air time
10-second Closed Captioned Commercial air time
b) Provide product placement to Network for Television Shows that
are scheduled to air during primetime television viewing.
c) Provide product placement to Network for Television Shows that
are scheduled to air during Saturday and Sunday morning television
viewing.
d) Provide Network with possible promotional partners to sponsor
programming during the Network primetime television viewing.
e) Provide Network with possible promotional partners to sponsor
programming during the Network Saturday and Sunday morning
television viewing.
f) Provide outside sourcing to nationwide Media Buyers m all the
OMNI NETWORK markets.
4) Network agrees to: Pay Agency an advance commission in the sum of
$15,000.00 utilizing the following payment schedule:
a) Five thousand dollars ($5,000) shall be paid to Agency upon the
execution of this agreement.
b) Five thousand ($5,000) shall be paid to Agency on the first day
of each month, for two (2) months, commencing March 2003 and ending
April 2003.
Network agrees to pay Agency 20% of all sales after recoupment of any
advance payments.
000 X. Xxxxxxx Xxxx., Xxxxxxx, XX 00000 PHONE: 818-972-1313 FAX: 000-000-0000
Page 1 of 2
5) Showings Confidentiality: Both parties acknowledge the need for
strict confidentiality with respect to screenplay and all other
contents of any Showings. Both parties agree not to disclose any such
information to any other party without mutual agreement between both
parties.
6) Warranty: Both parties warrants that each has the exclusive right,
power, and authority to enter into this Agreement, and that no other
third party approvals are needed to proceed with the execution of this
Agreement.
7) Enforcement: Should any action be taken by either party to enforce
this agreement, the prevailing party shall be entitled to collect such
sum as the court may affix as reasonable costs of collection and
reasonable attorney's fees.
8) Binding Arbitration: Should any dispute exist as to the foregoing
terms, Agency and Network agree to submit to binding arbitration.
9) Governing Law: This Agreement shall be construed in accordance with
and governed by the laws of the State of California. All parties agree
to in personam jurisdiction in California and that any litigation
arising out of this Agreement shall be tried in Los Angeles County,
California.
10) Severality: If any part of this Agreement is deemed unenforceable
by a court of law, the remainder of this Agreement shall remain in
full force and effect.
11) Termination: This Agreement may be tenninated by either party for
any reason upon a thirty (30) day written notice by terminating party.
12) Not a Joint Venture: This joint venture does not constitute
employment by LAFS, or a partnership with LAFS. All monies owed to you
will be paid without any deductions. You will be responsible for any
payments owed to any taxing authorities. Should any dispute exist as
to the foregoing terms, you and LAFS agree to submit to binding
arbitration.
13) Entire Agreement: This Agreement contains the entire understanding
and all agreements and covenants between the aforementioned parties
and may not be changed except by consensual written agreement.
Executed at Los Angeles, California, and effective on the date and
year written above.
/s/ Xxxxx Xxxx Xxxxx /s/ XxXxxxx May for Xxx Xxx
_________________________ ___________________________
Authorized Signature Xxx Xxx, President
OMNI BORADCASTING NETWORK Feature This!
04/01/2003 04/07/2003
Date Date
000 X. Xxxxxxx Xxxx., Xxxxxxx, XX 00000 PHONE: 818-972-1313 FAX: 000-000-0000
Page 2 of 2
