Collaboration Agreement between NT Media Corp. and Sinahome Entertainment for Web Series Production

Contract Categories: Business Operations › Collaboration Agreements
Summary

NT Media Corp. and Sinahome Entertainment, in cooperation with Marblestep Productions, agree to jointly produce a web series called "Straight Up With A Twist." NT Media will finance the production up to $5,000, with possible increases by mutual agreement. NT Media will recover its investment first from any revenue, after which profits will be split equally between the parties. Any intellectual property created will be co-owned unless otherwise agreed. The agreement outlines the financial and ownership terms for the collaboration.

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EX-10.5 2 ntmedia_ex1005.htm COLLABORATION AGREEMENT ntmedia_ex1005.htm  
Exhibit 10.5
 
October 25, 2009
 

 
Entertainment Property collaboration agreement

 
This agreement by and between NT Media Corp.(herein after "NT") and Sinahome Entertainment, in cooperation with Marblestep Productions (herein after "Sinahome") shall dictate the terms of the collaboration between NT and Sinahome.
 
1. NT and hereby agree to collaborate on the production of a webisodic series, "Straight Up With A Twist" (hereinafter SUWAT).
 
2. NT hereby agrees to finance the production up to $5,000.00. This amount may be adjusted upward by mutual agreement.
 
3. Cost recoupment: From any revenue generated through advertising, sponsorship, or otherwise, NT shall be entitled to "first dollar" until it has recouped all monies spent on production and marketing and publicity.
 
4. Profit Sharing: Once all costs have been recouped by NT, all profits shall be shared equally between NT and Sinahome.
 
5. Intellectual Property: Any trademarks or other rights arising from the production shall be co-owned by NT and Sinahome unless otherwise agreed upon.
 

 
NT Media
Ali Moussavi
 
Sinahome Entertainment
Homie Doroodian