Royalty Grant

EX-10.3 8 ex103.htm GROSS OVERRIDING ROYALTY AGREEMENT - GORDON RIX DATED APRIL 14, 2010 ex103.htm

Royalty Grant


This is notice that FuLuCai Productions Ltd. (“FLC”) is, by this notice, granting a one percent (1%) royalty (the “Royalty”) to Gordon Rix, subject to the following terms and conditions:

The Royalty:

1.  
applies only to the reality-show concept known as The Real Deal;
2.  
applies only as long as The Real Deal is wholly owned by FLC;
3.  
is calculated based on broadcast licensing revenues only; and
4.  
is payable annually in arrears.


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


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