Royalty Agreement
EX-10.1 2 ex101.htm ROYALTY AGREEMENT BETWEEN THE COMPANY JAMES DURWARD DATED OCTOBER 14, 2011 ex101.htm
Royalty Agreement
October 14, 2011
Between:
Fulucai Productions Ltd.
(“Fulu”)
-and-
James Durward
(“Durward”)
(collectively the “Parties”)
Whereas the Parties are desirous of entering into a business arrangement designed to expedite the production of the intellectual property know as “All the Wrong Reasons (WGA REGISTRATION: 1533357), the Parties hereby agree as follows:
| 1. | Fulu will be responsible for all production costs to date and all ongoing production costs. These costs in total are not expected to be more than US$12,000.00; |
| 2. | Fulu will provide all production services; |
| 3. | Durward will provide script input on an as-needed basis and will manage the production and post-production process; |
| 4. | Fulu will pay Durward a gross overriding Royalty of 20% of any and all worldwide revenues generated by, or derived from, the Production. |
Signed and agreed to in Calgary, this 14th day of October, 2011
/s/James Durward
James Durward
Fulucai Productions Ltd.
Per:
/s/Gordon Rix
Gordon Rix
Director
