Option Agreement for Audiovisual Rights to 'Mr. Pink' Between Allen Brothers Publishing, LLC and Global Universal Entertainment, Inc.
Summary
Allen Brothers Publishing, LLC grants Global Universal Entertainment, Inc. an exclusive option to acquire rights to produce and distribute audiovisual works based on the literary work 'Mr. Pink.' The option lasts for 18 months from the execution date, with possible extensions. If exercised, Global Universal can use these rights in all media worldwide. The agreement is subject to the terms of a related Option Purchase Agreement dated May 11, 2011. Both parties' obligations and any reserved rights are governed by that agreement.
EX-10.46 5 ex10-46.htm ex10-46.htm
Exhibit 10.46
“Mr. Pink”
OPTION AGREEMENT
For valuable consideration, receipt of which is hereby acknowledged, the undersigned, Allen Brothers Publishing, LLC, whose address is c/o Julie McGill, Esq., 250 W. Main Street, Suite 3010, Lexington, Kentucky 40507, hereby sells, grants and assigns to Global Universal Entertainment, Inc. (“Purchaser”), whose address is c/o Raleigh Studios, 650 N. Bronson Avenue, Suite B-116, Los Angeles, CA 90004-1404, the exclusive option, for an initial option period commencing as of the date hereof and continuing for a period of 18months following the Execution Date specified below, which may be extended for an additional period of 12 months and other automatic extensions, to acquire in perpetuity and throughout the universe, among other things, the exclusive right to produce and distribute for and in all media now known or hereafter devised all types of audiovisual works of any kind and allied rights therein (including by way of illustration all soundtrack, music publishing and merchandising rights) based on that certain work of authorship described as follows:
Title: “Mr. Pink”
Written By: Charles T. Allen, II
Publisher: Allen Brothers Publishing, LLC.
Date and Place of Initial Publication: November 10, 2010/State of Minnesota
Copyright Registration No.: TXu 1-718-243
The undersigned and Purchaser have entered into an Option Purchase Agreement dated as of May 11, 2011, relating to the transfer and assignment of the foregoing rights in and to said work, which rights are more fully described in said agreement, including without limitation, the Reserved Rights described therein, and this option agreement is expressly made subject to all of the terms, conditions and provisions contained in said agreement.
Execution Date of the Option Purchase Agreement: 5 - 17 - 2011.
| Allen Brothers Publishing, LLC By: /s/ Blake Allen Its: Directing Manager |
ALL-PURPOSE ACKNOWLEDGMENT
State of Kentucky )
)
County of Fayette )
On 5/17/11 before me, Patrick A. Minind, personally appeared James Blake Allen, personally known to me (or proved to me on the basis of satisfactory evidence) to be the person(s) whose name(s) is/are subscribed to the within instrument and acknowledged to me that he/she/they executed the same in his/her/their authorized capacity(ies), and that by his/her/their signature(s) on the instrument the person(s), or the entity upon behalf of which the person(s) acted, executed the instrument.
Witness my hand and official seal.
/s/ Patrick A. Minind________________________________
Signature of Notary
Notary Commission
Expires 11/3/13
Notary ID 407947
