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	<title>270 Legal [Sample Agreements] &#187; Option</title>
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	<description>Over 500 public record agreements and legal documents, with more on the way.</description>
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		<title>Option Agreement</title>
		<link>http://270legal.com/option-agreement-2/</link>
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		<pubDate>Tue, 08 Jan 2008 02:56:09 +0000</pubDate>
		<dc:creator>270Legal</dc:creator>
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		<description><![CDATA[OPTION AGREEMENT *** 2. OPTION: (a) In consideration of the payment to Owner of 250,000(the &#8220;Advance&#8221;), the receipt of which Owner acknowledges, which shall be applicable against and recoupable from any and all other payments to Owner hereunder, Owner hereby grants to Producer during the Option Period (as defined below) the exclusive and irrevocable option [...]<script type="text/javascript">SHARETHIS.addEntry({ title: "Option Agreement", url: "http://270legal.com/option-agreement-2/" });</script>]]></description>
			<content:encoded><![CDATA[<p><!--adsense#banner--><br />
OPTION AGREEMENT</p>
<p>***</p>
<p>2. OPTION: </p>
<p>    (a)          In consideration of the payment to Owner of 250,000(the &#8220;Advance&#8221;), the receipt of which Owner acknowledges, which shall be applicable against and recoupable from any and all other payments to Owner hereunder, Owner hereby grants to Producer during the Option Period (as defined below) the exclusive and irrevocable option for each and every Subject Property to purchase all of the Rights (as defined below) in and to such Subject Property on and subject to the terms and conditions herein contained (individually an &#8220;Option&#8221; and collectively &#8220;Options&#8221;).</p>
<p>        (b)           (i)                    The Option for any Subject Property shall be effective only during the Option Period (as hereinafter defined) for that Subject Property. Each &#8220;Option Period&#8221; shall consist of the Initial Option Period (as defined below) plus, if applicable, the First Extended Period (as defined below), and, if also applicable, the Second Extended Period (as defined below).</p>
<p>        (ii)                    The &#8220;Initial Option Period&#8221; for each Subject Property shall commence as of the date hereof (or, in the case of a Property that becomes a Subject Property after the date hereof, upon the date such Property becomes a Subject Property) and shall continue until December 31,2007.</p>
<p>***</p>
<p>6.          THIRD-PARTY AGREEMENTS.  Producer shall not enter into any agreement with a third party with respect to any Rights or any Subject Property without Owner&#8217;s approval thereof (which approval shall not be withheld or delayed unreasonably, and which shall take into account then-current industry standards for the type of exploitation contemplated by the proposed agreement). Notwithstanding anything to the contrary contained herein, Owner&#8217;s right to approve third-party agreements shall extend to only to the parties involved and the material terms thereof.<br />
===<br />
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		<title>Option Agreement</title>
		<link>http://270legal.com/option-agreement/</link>
		<comments>http://270legal.com/option-agreement/#comments</comments>
		<pubDate>Sun, 06 Jan 2008 20:18:49 +0000</pubDate>
		<dc:creator>270Legal</dc:creator>
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		<description><![CDATA[OPTION AGREEMENT This Agreement, executed on the day below written, is by and between Futura Pictures (hereinafter &#8220;Producer&#8221;), and Don Tsuchiyama (hereinafter &#8220;Writer&#8221;) with respect to the unpublished literary work tentatively entitled &#8220;Cass &#38; Karri&#8221; (which, together with themes, characters, contents, alternate titles, and other versions thereof, is hereinafter called the &#8220;Property&#8221;), as follows: 1. [...]<script type="text/javascript">SHARETHIS.addEntry({ title: "Option Agreement", url: "http://270legal.com/option-agreement/" });</script>]]></description>
			<content:encoded><![CDATA[<p><!--adsense#banner--><br />
OPTION AGREEMENT</p>
<p>This  Agreement,  executed on the day below  written,  is by and between  Futura Pictures (hereinafter  &#8220;Producer&#8221;),  and Don Tsuchiyama  (hereinafter  &#8220;Writer&#8221;) with respect to the  unpublished  literary  work  tentatively  entitled  &#8220;Cass &amp; Karri&#8221; (which, together with themes, characters, contents, alternate titles, and other versions thereof, is hereinafter called the &#8220;Property&#8221;), as follows:</p>
<p>1.       CONSIDERATION  AND TERM:  In  consideration  of the sum o Five Thousand (5,000) Shares of Futura Pictures,  Inc.,  common stock, and other good and   valuable   consideration,   receipt   of  which   Writer   hereby acknowledges,  Writer grants to Producer an exclusive  and  irrevocable option to purchase all motion picture, television, and allied rights in the Property  (&#8220;Option&#8221;),  such option  period  commencing  on the date hereof  (&#8220;Commencement  Date,&#8221;  which  shall be the date  both  parties signed or the later of the two dates,  if different) and continuing for twelve (12) months (&#8220;Term&#8221;).<br />
===<br />
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		<title>Extension of Option Agreement</title>
		<link>http://270legal.com/extension-of-option-agreement/</link>
		<comments>http://270legal.com/extension-of-option-agreement/#comments</comments>
		<pubDate>Sun, 06 Jan 2008 20:16:00 +0000</pubDate>
		<dc:creator>270Legal</dc:creator>
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		<description><![CDATA[EXTENSION OF OPTION AGREEMENT This Agreement, executed on the day below written, is by and between Futura Pictures (hereinafter &#8220;Producer&#8221;), and Don Tsuchiyama (hereinafter &#8220;Writer&#8221;) with respect to the unpublished literary work tentatively entitled &#8220;Cass &#038; Karri&#8221; (which, together with themes, characters, contents, alternate titles, and other versions thereof, is hereinafter called the &#8220;Property&#8221;), as [...]<script type="text/javascript">SHARETHIS.addEntry({ title: "Extension of Option Agreement", url: "http://270legal.com/extension-of-option-agreement/" });</script>]]></description>
			<content:encoded><![CDATA[<p><!--adsense#banner--><br />
EXTENSION OF OPTION AGREEMENT</p>
<p>This  Agreement,  executed on the day below  written,  is by and between  Futura Pictures (hereinafter  &#8220;Producer&#8221;),  and Don Tsuchiyama  (hereinafter  &#8220;Writer&#8221;) with respect to the  unpublished  literary  work  tentatively  entitled  &#8220;Cass &#038; Karri&#8221; (which, together with themes, characters, contents, alternate titles, and other versions thereof, is hereinafter called the &#8220;Property&#8221;), as follows.</p>
<p>1.       CONSIDERATION  AND TERM:  In  consideration  of the sum of Five Dollars ($5.00), receipt of which Writer hereby acknowledges,  Writer grants to Producer a one-year  extension of the  exclusive and  irrevocable  option to purchase all motion picture,  television, and allied rights in the Property (&#8220;Option&#8221;),  such option period commencing on the date hereof (&#8220;Commencement Date,&#8221; which shall be the date both parties  signed or the later of the two dates,  if different)  and continuing for twelve (12) months (&#8220;Term&#8221;).<br />
===<br />
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		<title>Option and Acquisition Agreement</title>
		<link>http://270legal.com/option-and-acquisition-agreement/</link>
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		<pubDate>Sun, 06 Jan 2008 19:01:21 +0000</pubDate>
		<dc:creator>270Legal</dc:creator>
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		<description><![CDATA[OPTION AND ACQUISITION AGREEMENT AGREEMENT dated as of December 12, 2005, by and between Mark Clausen and Gina Davidson located at +++ (collectively &#8220;Owner&#8221;) and Blood and Bones Productions, Inc. a California corporation, its successors and/or assigns with offices at 5670 Wilshire Boulevard, Suite 1690, Los Angeles, CA 90036 herein referred to as the (&#8220;Purchaser&#8221;). [...]<script type="text/javascript">SHARETHIS.addEntry({ title: "Option and Acquisition Agreement", url: "http://270legal.com/option-and-acquisition-agreement/" });</script>]]></description>
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OPTION AND ACQUISITION AGREEMENT</p>
<p>AGREEMENT dated as of December 12, 2005, by and between Mark Clausen and Gina Davidson located at +++ (collectively &#8220;Owner&#8221;) and Blood and Bones Productions, Inc. a California corporation, its successors and/or assigns with offices at 5670 Wilshire Boulevard, Suite 1690, Los Angeles, CA 90036 herein referred to as the (&#8220;Purchaser&#8221;).</p>
<p>***</p>
<p>1.  Option<br />
    &#8212;&#8212;</p>
<p>    In consideration of the payment by the Purchaser of the sum of One U.S. Dollars ($1.00 USD) (the &#8220;Initial Option Payment&#8221;), the receipt and sufficiency of which are hereby acknowledged, the Owner hereby grants to the Purchaser an irrevocable and exclusive option, for a period of One (1) year commencing, on the date hereof (the &#8216;Initial Option Period&#8221;) to purchase all of the Rights (as such term is defined in 3(a)(ii) below) in and to the Property (as such term is defined in 3(a)(1) below). If the Initial Option Period ends in as Saturday, Sunday or holiday, it will be deemed to end on the close of business in Los Angeles, California on the first succeeding business day. Should Purchaser have commenced Development of the Property prior to the end of the Initial Option period, then the Purchaser the Purchaser shall be entitled to extend the Option for a further period of twelve (12) months (the &#8220;Second Option Period&#8221;), commencing on the date of expiration of the Initial Option Period for the payment of Five Thousand US Dollars ($5,000.00), such payment to be paid prior to the date of expiration of the Initial Option Period and to be credit against the Purchase Price under 2 (b) below.<br />
===<br />
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		<title>Option and Acquisition of Rights Agreement</title>
		<link>http://270legal.com/option-and-acquisition-of-rights-agreement-2/</link>
		<comments>http://270legal.com/option-and-acquisition-of-rights-agreement-2/#comments</comments>
		<pubDate>Sun, 06 Jan 2008 18:50:23 +0000</pubDate>
		<dc:creator>270Legal</dc:creator>
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		<description><![CDATA[Re: &#8220;UNIQUE&#8221; / PLATINUM STUDIOS LLC / OPTION /ACQUISITION OF RIGHTS Gentlemen: Reference is hereby made to the agreement (&#8220;Agreement&#8221;) dated as of December 11, 2003, between WALT DISNEY PICTURES (&#8220;WDP&#8221;) and PLATINUM STUDIOS LLC (&#8220;Owner&#8221;) for WDP&#8217;s option to acquire all right, title and interest in and to the unpublished graphic novel written and [...]<script type="text/javascript">SHARETHIS.addEntry({ title: "Option and Acquisition of Rights Agreement", url: "http://270legal.com/option-and-acquisition-of-rights-agreement-2/" });</script>]]></description>
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Re: &#8220;UNIQUE&#8221; / PLATINUM STUDIOS LLC / OPTION /ACQUISITION OF RIGHTS </p>
<p>Gentlemen:</p>
<p>Reference is hereby made to the agreement (&#8220;Agreement&#8221;) dated as of December 11, 2003, between WALT DISNEY PICTURES (&#8220;WDP&#8221;) and PLATINUM STUDIOS LLC (&#8220;Owner&#8221;) for WDP&#8217;s option to acquire all right, title and interest in and to the unpublished graphic novel written and owned by Owner entitled &#8220;UNIQUE&#8221; (formerly entitled &#8220;JAUNT&#8221;) in connection with a possible Motion Picture based thereon tentatively entitled &#8220;UNIQUE&#8221; (the &#8220;Picture&#8221;).</p>
<p>WDP shall have no obligation to perform pursuant to this side letter (&#8220;Side Letter&#8221;) unless and until: (i) WDP receives an executed original of this Side Letter and the Agreement, in form and substance acceptable to WDP and (ii) the Conditions Precedent set forth in Paragraph 1 of the Agreement have been satisfied.</p>
<p>***</p>
<p> 2. Reference is made to Paragraph 3.1.c. of the Agreement, which is hereby deleted in its entirety and replaced with the following new Paragraph 3.1.c.: </p>
<p> &#8220;c. Television Series. </p>
<p> (i) If either: (A) 25,000 or more units of the Property are sold as a graphic novel (provided that Owner submits documentation substantiating such amount in form and substance acceptable to WDP in its sole discretion) prior to commencement of principal photography of the Picture or (B) the Property is listed among the top 200 titles on ICv2&#8242;s Top 300 Comics Actual Index (www.lcv2.com) during any month prior to the commencement of principal photography of the Picture, and the Picture is produced and released as a feature-length Theatrical Motion Picture, then the following royalties are payable for each episode of a television series based upon the Picture, as produced for a particular broadcast season:<br />
===<br />
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		<title>Option and Acquisition of Rights Agreement</title>
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		<pubDate>Sun, 06 Jan 2008 18:46:16 +0000</pubDate>
		<dc:creator>270Legal</dc:creator>
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		<description><![CDATA[RE: &#8220;COWBOYS AND ALIENS&#8221; / Option and Acquisition of Rights Ladies and Gentlemen: The following terms, and all exhibits attached hereto (all of which are made a part hereof and incorporated herein by this reference), constitute the agreement (&#8220;Agreement&#8221;) between Platinum Studios, LLC, a California limited liability company (&#8220;Owner&#8221;) and Escape Artists Productions, LLC (&#8220;Company&#8221;), [...]<script type="text/javascript">SHARETHIS.addEntry({ title: "Option and Acquisition of Rights Agreement", url: "http://270legal.com/option-and-acquisition-of-rights-agreement/" });</script>]]></description>
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RE: &#8220;COWBOYS AND ALIENS&#8221; / Option and Acquisition of Rights Ladies and Gentlemen:</p>
<p>The following terms, and all exhibits attached hereto (all of which are made a part hereof and incorporated herein by this reference), constitute the agreement (&#8220;Agreement&#8221;) between Platinum Studios, LLC, a California limited liability company (&#8220;Owner&#8221;) and Escape Artists Productions, LLC (&#8220;Company&#8221;), with respect to the unpublished comic book series and related literary materials (except for publication of a comic book &#8220;Ashcan Mini Comic&#8221; in May of 1997]) entitled &#8220;Cowboys and Aliens&#8221; (&#8220;Work&#8221;), created by Scott Mitchell Rosenberg (&#8220;Author&#8221;), and owned by Owner, and registered for copyright in the United States Copyright Office by Platinum Studios as the copyright claimant on May 19,1997, Entry No. VAU-349-417 and registered for Trademark in the United States Office of Patents and Trademarks on February 24, 1998, as Entry No.2139278.</p>
<p>***</p>
<p>2. PROPERTY. As used herein, the term Property shall mean all right, title and interest of every kind and nature in and to the Work whenever created, subject only to Section 10 below, including all past, present and future issues of the Work and all related treatments and intellectual property, and including without limitation all past, present and future copyrights, trademarks (subject only to Section 10 below), trade names, service marks, logos (and other marks and indicia of the Property) and other intellectual property rights or other rights of any kind relating thereto, whether now known or hereafter devised, and any renewals, extensions, restorations or resuscitations thereof, including without limitation all of the following: </p>
<p>  2.1 Characters. Any and all characters (&#8220;Characters&#8221;) contained in the Work, excluding only any &#8220;Excluded Characters&#8221;, as defined in Section 10.1.2 hereinbelow. Owner represents and agrees that as of the date of signature of this Agreement there are no Excluded Characters except for the so called &#8220;Grays&#8221; as defined in Section 10.1.2 below. Owner further represents and agrees that none of the characters in the screenplay by Thompson Evans dated July 34, 2002 are &#8220;Excluded Characters&#8221; except for the so called &#8220;Grays&#8221;; </p>
<p>  2.2   Individual Storylines. All plots, storylines, scenes, settings, incidents, titles, themes, contents, characterizations, dialogue, scenarios, special effects, translations, adaptations and other elements (including, without limitation, visual elements) created, described and/or appearing in the Work </p>
<p>  2.3   Underlying Materials. All literary, dramatic or other material or copyrighted works of any nature on which the Work (i.e., the characters, themes, settings and stories) is directly based or derived from (a complete list of the currently existing materials comprising the Work is set forth in Schedule 1 and incorporated herein by this reference) subject to the limitations and reservation of rights set forth in Section 10.1.2; </p>
<p>  2.4  Other Material. All literary, dramatic or other material or copyrighted works of any nature based on or derived from the Work; and </p>
<p>  2.5    Documents: All contracts, agreements, assignments and instruments of every kind and character under which Owner may have heretofore acquired or may hereafter acquire any right, title or interest in or to the Work (a complete list of such currently existing documents is set forth in Schedule 2 and incorporated herein by this reference). </p>
<p> 3.  OPTION. Owner hereby grants to Company the sole, irrevocable and exclusive option (&#8220;Option&#8221;) to acquire from Owner, forever and throughout the universe and in any and all languages, the Rights (as defined in Section 8 below) in and to the Property.<br />
===<br />
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