Judgment Pursuant to Stipulation Between Westgate Entertainment Corporation, Weyland & Chase Engineering, NV, and RMS Titanic, Inc.

Summary

This document is a court-ordered judgment between Westgate Entertainment Corporation and Weyland & Chase Engineering, NV (the plaintiffs) and RMS Titanic, Inc. (the defendant). It states that if RMS Titanic, Inc. defaults under the terms of a prior settlement agreement, the plaintiffs are entitled to a judgment for $388,000 minus any payments already made. The judgment is to be entered by the court upon default, formalizing the financial obligation of the defendant to the plaintiffs.

EX-10.3 5 ex10-3.txt FORM OF JUDGEMENT PURSUANT TO STIPULATION GREENBERG TRAURIG, LLP MATTHEW S. STEINBERG (Sbn 82969) JORDAN D. GROTZINGER (sbn 190166) 2450 Colorado Avenue, Suite 400E Santa Monica, California 90404 Telephone: (310) 586-7700 Facsimile: (310) 586-7800 Attorneys for Plaintiffs Westgate Entertainment Corporation and Weyland & Chase Engineering, NV UNITED STATES DISTRICT COURT FOR THE CENTRAL DISTRICT OF CALIFORNIA WESTGATE ENTERTAINMENT CORPORATION, et al., CASE NO. CV-01-04894 FMC (MANx) Plaintiffs, JUDGMENT PURSUANT TO STIPULATION FOR ENTRY OF JUDGMENT IN THE EVENT OF DEFAULT vs. Hon. Florence Marie Cooper RMS TITANIC, INC., et al., Defendants. IT IS ORDERED, ADJUDGED, AND DECREED that Plaintiffs Westgate Entertainment Corporation and Weyland & Chase Engineering, NV are awarded Judgment against Defendant RMS Titanic, Inc. in the amount of $___________, which amount equals the sum of Three Hundred Eighty Eight Thousand Dollars ($388,000) less all payments received by Westgate Entertainment Corporation pursuant to Paragraph 1 of the written Settlement Agreement between the parties dated July ___, 2002, as of the date of entry of Judgment. Dated: ____________________ ---------------------------- UNITED STATES DISTRICT JUDGE