Gross Overriding Royalty Agreement between FuLuCai Productions Ltd. and James Durward dated April 14, 2010

Summary

FuLuCai Productions Ltd. has agreed to pay James Durward a five percent royalty on all revenues from properties to which FLC has rights. The royalty is calculated on total revenues and is paid annually after the end of each year. This agreement was signed on April 14, 2010, in Calgary, and outlines the ongoing payment obligation from FLC to James Durward.

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EX-10.2 7 ex102.htm GROSS OVERRIDING ROYALTY AGREEMENT - JAMES DURWARD DATED APRIL 14, 2010 ex102.htm

Royalty Grant


This is notice that FuLuCai Productions Ltd. (“FLC”) is, by this notice, granting a five percent (5%) royalty (the “Royalty”) to James Durward, subject to the following terms and conditions:

The Royalty:

1.  
applies to all properties to which FLC has rights;
2.  
is calculated based on all revenues; and
3.  
is payable annually in arrears.


Signed in Calgary, this 14th. day of April, 2010.


FuLuCai Productions Ltd.
Per:
/s/ James Durward
James Durward
President