Gross Overriding Royalty Agreement between FuLuCai Productions Ltd. and Gordon Rix (April 14, 2010)

Summary

FuLuCai Productions Ltd. (FLC) grants Gordon Rix a 1% royalty on broadcast licensing revenues from the reality-show concept "The Real Deal." This royalty is only valid while FLC wholly owns the show and is paid annually after the end of each year. The agreement is effective as of April 14, 2010, and is signed by FLC's president, James Durward.

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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