270 Legal [Sample Agreements]

FILM FINANCING AGREEMENT

This Film Financing Agreement (the “Agreement”) is entered into as of February 7, 2007 by and among DOD, LLC, a California limited liability company (the “LLC”), Public Media Works, Inc., a Delaware corporation (“PMW”), and the persons named on the signature page hereto (each, an “Investor” or collectively the “Investors”), with reference to the following:

***

3. Distributions. All distributions of net profits from the Project shall be made as follows:

3.1 Net Profits. For purposes of this Section 3, “net profits” shall be defined as all net revenues collected by the LLC from the Project after the payment of all costs of production, sales, marketing and distribution of the Project.

3.2 Priority of Distributions. The distribution of any net profits from the Project shall be made by the LLC as follows:

FIRST, for the repayment of the principal and interest for the Loan made by Jeanne Cooper as provided in Section 2;

SECOND, for the payment of any front-end deferrals, not to exceed $50,000; and

THIRD, for the repayment of the cash contribution of each Investor, on a pro-rata basis to each Investor, until the aggregate amount of $120,000 is distributed;

FOURTH, for the payment of any back-end deferrals, not to exceed $50,000; and

FIFTH, pursuant to the following percentages:
===

Click here for the complete Film Financing Agreement