Document:

QuickLinks
 -- Click here to rapidly navigate through this document

 
 

EXHIBIT 10.10    
    

FILMCAPITAL, INC.  

April 22,
2002 

Mr. Gray
Frederickson

Mr. Mark Stansberry

GrayMark Productions, LLC

P.O. Box 5483

Edmond, Oklahoma 73083 

Dear
Gray and Mark: 

The
purpose of this letter is to set forth our agreement regarding consulting services that have been performed for Oklahoma Entertainment Partners and its proposed affiliated entities ("OEP"), and/or
GrayMark productions, LLC ("GrayMark") and the potential funding of various feature film projects. 

For
ne dollar and other valuable consideration, the receipt and sufficiency of which is hereby acknowledged, we hereby agree as follows: 

This
agreement replaces and terminates any prior and previous agreements and understanding by and between the following individuals: Gray Frederickson, Mark A. Stansberry, Robert Sandman and Roger
Oldfield, and any entities which the individuals may hold ownership including OEP, GrayMark, FilmCapital, Inc. Horizon Entertainment, Inc., CitiCapital, Inc., and Global Trade and
Develop Corporation. 

It
is agreed that the total consulting fee to be paid to FilmCapital for the preparation of all previous consulting, business plans and other packaging and documentation related to funding for film
related projects, and the past provision of all consulting services ("Past Services) shall be $50,000. This consulting fee shall be paid to FilmCapital solely from third party feature film funding,
I.e. any film or television projects funded through outside GrayMark company investors received by GrayMark and/or film or television projects ("Funding"). It is understood by and between the parties
that there is on guarantee that third party feature film funding shall occur. This Past Services fee shall be payable to FilmCapital at the below identified address in the amount of 4% of such
Funding, and shall be immediate payable upon the receipt of Funding. It is further agreed that GrayMark and FilmCapital shall have a "gentlemen's agreement that GrayMark shall use its best efforts to
pay more than the above percentage in order to pay the total fee for Past Services as quickly as possible. Once the $50,000 amount has been cumulatively reached as a function of the above fee
payments, FilmCapital shall receive no further compensation. Any agreements regarding compensation for any future services shall be negotiated between the parties on a deal by deal basis. GrayMark has
and shall have the right to use and adapt all the business plans and other documentation previously prepared for the use of OEP or GrayMark. 

If
the foregoing is acceptable as an accurate understanding of our agreement, please sign in the space provided below for your signature. 

AGREED
AND ACCEPTED THIS 29TH DAY OF APRIL, 2002. 

FILMCAPITAL, INC.

	

/s/ ROGERT SANDMAN

Robert Sandman, individually, and for

FilmCapital, Inc. and affiliated companies	
 	

/s/ ROGER OLDFIELD

Roger Oldfield, individually, and for

FilmCapital, Inc., and affiliated companies

                              5/6/02
	

GRAYMARK PRODUCTIONS, LLC	
 	

 
	

/s/ GRAY FREDERICKSON

Gray Frederickson, Individually, and for

Graymark Productions, LLC	
 	

/s/ MARK A. STANSBERRY

Mark A. Stansberry, individually, and for

Graymark Productions, LLC

                              4/29/02

QuickLinks

EXHIBIT 10.10QuickLinks
 -- Click here to rapidly navigate through this document

 
 

EXHIBIT 10.11    
    

	

	State of California

Kevin Shelly

Secretary of State	 	File # 200335010121
	
LIMITED LIABILITY COMPANY

ARTICLES OF ORGANIZATION	
 	
ENDORSED—FILED

in the office of the Secretary of State

of the State of California
	

 	
 	

DEC 16 2003
	
A $70 filing fee must accompany this form.	
 	
KEVIN SHELLY

SECRETARY OF STATE
	
IMPORTANT—Read instructions before completing this form.	
 	
This Space for Filing Use Only
	

	1.	 	NAME OF LIMITED LIABILITY COMPANY (END THE NAME WITH WORDS "LIMITED LIABILITY COMPANY" OR THE ABBREVIATION "LLC" OR "L.L.C."

Out of the Blue Productions, LLC
	

	2.	 	THE PURPOSE OF THE LIMITED LIABILITY COMPANY IS TO ENGAGE IN ANY LAWFUL ACT OR ACTIVITIES FOR WHICH A LIMITED LIABILITY COMPANY MAY BE ORGANIZED UN THE BEVERLY-KELLER LIMITED LIABILITY COMPANY ACT.
	

	3.	 	CHECK THE APPROPRIATE PROVISION BELOW AND NAME THE AGENT FOR SERVICE OF PROCESS.
	 	 	ý	 	AN INDIVIDUAL RESIDING IN CALIFORNIA. PROCEED TO ITEM 4.
	 	 	o	 	A CORPORATION WHICH HAS FILED A CERTIFICATE PURSUANT TO SECTION 1505. PROCEED TO ITEM 5.
	

 	
 	

AGENT'S NAME: Jeff Cohen
	

	4.	 	ADDRESS OF THE AGENT FOR SERVICE OF PROCESS IN CALIFORNIA, IF AN INDIVIDUAL:
	 	 	ADDRESS	 	329 North Wetherly Drive, Suite #206	 	 	 
	 	 	CITY Beverly Hills	STATE CA	 	ZIP CODE 90211
	

	5.	 	THE LIMITED LIABILITY WILL BE MANAGED BY: (CHECK ONE)
	 	 	o	 	ONE MANAGER
	 	 	o	 	MORE THAN ONE MANAGER
	 	 	ý	 	ALL LIMITED LIABILITY COMPANY MEMBER(S)
	

	6.	 	OTHER MATTERS TO BE INCLUDED IN THIS CERTIFICATE MAY BE SET FORTH ON SEPARATE ATTACHED PAGES AND ARE MADE A PART OF THIS CERTIFICATE. OTHER MATTERS MAY INCLUDE THE LATEST DATE ON WHICH THE LIMITED LIABILITY COMPANY IS TO
DISSOLVE.
	

	7.	 	NUMBER OF PAGES ATTACHED, IF ANY:
	

	8.	 	TYPE OF BUSINESS OF THE LIMITED LIABILITY COMPANY. (FOR THE INFORMATIONAL PURPOSES ONLY)

Entertainment Production
	

	9.	 	IT IS HEREBY DECLARED THAT I AM THE PERSON WHO EXECUTED THIS INSTRUMENT, WHICH EXECUTION IS MY ACT AND DEED.
	 	 	/s/ JEFF COHEN	 	12/12/2003
	 	 	SIGNATURE OF ORGANIZER	 	DATE
	 	 	Jeff Cohen

TYPE OR PRINT NAME OF ORGANIZER	 	 
	

	10.	 	RETURN TO
	 	 	 	 	 	 	 	 	 	[SEAL OF SECRETARY OF STATE]
	 	 	NAME	 	Jeff Cohen	 	 	 
	 	 	FIRM	 	Cohen & Gardner, LLP	 	 	 
	 	 	ADDRESS	 	320 North Wetherly Drive, Suite #206	 	 	 
	 	 	CITY/STATE	 	Beverly Hills, CA	 	 	 
	 	 	ZIP CODE	 	90211	 	 	 
	

QuickLinks

EXHIBIT 10.11QuickLinks
 -- Click here to rapidly navigate through this document
  

 
 

EXHIBIT 10.12    
    

 
 

OPERATING AGREEMENT
  FOR
  OUT OF THE BLUE PRODUCTIONS, LLC

        This
operating agreement is made and entered into this 22nd day of December, 2003, by and among Graymark Productions, Inc., A & A Productions, LLC ("A&A") and Frozen
Television, Inc. ("Frozen") (herein individually referred to as "Member" and collectively referred to as "Members"). 

        Pursuant
to California State Law, the undersigned parties mutually agree and covenant as follows: 

        1.    DEFINITIONS:    The terms used in this Agreement shall have the
following meanings: 

	a.
	"Member"
means each party presently or hereafter executing this Agreement as a member. 
	b.
	"Member's
Interest in the Company" means an individual Member's share of the Company profits, surplus or losses. In addition, rights, powers and liabilities of the Members shall apply
fully as set forth by the laws of the State of California. 
	c.
	"Vote
of Members," unless otherwise specified herein, means a vote of the Members holding a majority of the interests of the Company. 

        2.    NAME, PLACE OF BUSINESS, PURPOSE:    The name and initial
address of the Company shall be: Out of the Blue Productions, LLC, 9300 Wilshire Blvd., Ste 508 Beverly Hills, CA 90212. The name shall not be changed except by vote of the Members. The company
business shall be conducted at the above address and/or such other place or places as the Members may determine. The company may engage in all business activities which are legal for an LLC to engage
in under the laws of the State of California. 

        3.    DURATION:    The term of the Company shall commence as of the
date of filing of Articles of Organization with the California Secretary of State and shall terminate pursuant to Paragraph 20 of this Agreement. 

        4.    MEMBERS:    The name, address, initial capital contribution and
interest of each Member in the total initial capital of the Company and ongoing profits and losses of the Company are: 

	NAME/ADDRESS:
 
	 	INITIAL CAP. CONTRIB:
 
	 	INTEREST:
 
	 
	Graymark Production, Inc.

101 N.Robinson, Ste 920

Oklahoma City, OK 73102	 	$	50	 	50	%
	

A & A Productions, LLC

9300 Wilshire Blvd., Ste 508

Beverly Hills, CA 90212	
 	
$	

25	
 	

25	
%
	

Frozen Television, Inc.

1223 Wilshire Blvd., Ste 810

Santa Monica, CA 91104	
 	
$	

25	
 	

25	
%

        5.    ASSOCIATES AND EMLOYEES:    The Company may enter into separate
agreements with associates and with employees as the Members may determine. In such event, the Members may, but are not obligated to, make arrangements with such third parties for distribution of
profits and losses of the Company. 

1

 

        6.    SUBSEQUENT CONTRIBUTIONS:    From time to time, upon vote of the
Members, each Member may contribute additional cash and other properties to the Company. However, no member shall be liable for any assessments without consent of that Member. 

        7.    BANK ACCOUNTS:    Funds and money received by the Company shall
be deposited in such bank account or accounts as the Members shall determine. Checks, wire transfers or any other withdrawals from any such bank account or accounts shall be made only upon the
signature of the both 1) Graymark Productions, Inc. AND 2) A&A Productions, LLC  OR Frozen
Television, Inc. For clarification, no disbursements of any nature shall be made from the account or accounts without the signature of
Graymark Productions, Inc. 

        8.    MANAGEMENT:    Decisions involving all aspects of Company
management including without limitation the payment of compensation and entering into contractual obligations, shall be made by vote of the Members. It is understood and agreed that all parties have
other business and time commitments; and no Member shall, without his consent, be obligated to devote full-time to the Company business. Decisions of the Company shall be by a majority
vote of the Members interests. 

        9.    METHODS OF ACCOUNTING/FISCAL YEAR:    The Company shall keep
accounts on a cash or on an accrual basis, as determined by the Members. The accounts shall readily disclose items which the Members take into account separately for income tax purposes. As to matters
of accounting not provided for in this Agreement, generally accepted accounting principles shall govern. The fiscal year of the Company shall be as determined by the Members. The books shall be closed
and balanced at the end of each fiscal year. The books and records of the Company shall be brought current as soon as possible after the close of each fiscal year, and a report and statement shall be
furnished each Member as soon as possible after year-end, but in no event later than two and one-half (21/2) months after the close of the fiscal year. 

        10.    DISTRIBUTIONS:    The profits and losses of the Company, after
payment of compensation to a Member, shall be distributable or chargeable, as the case may be, in accordance with the provision of this Agreement relating to the Members' respective percentage share
of profits and losses. Distribution of profits from the Company may be made annually or more often to each Member, as determined by the Members. However, amount of income may be retained in the
Company upon vote of the Members to be used for the reasonable needs of the business. Notwithstanding anything in this Operating Agreement to the contrary, the Members unanimously agree that the
Company and its Members shall be subject to all of the terms of the INVESTOR AGREEMENT BETWEEN GRAYMARK PRODUCTIONS, INC., A & A PRODUCTIONS, LLC AND FROZEN TELEVISION, INC. dated
November 20, 2003 ("Investor Agreement"). Additionally, the Members unanimously agree that if there is any conflict between the terms of this Operating Agreement and with the terms of the
Investor Agreement, then the terms of the Investor Agreement shall control. 

        11.    INDEMNIFICATION:    The Company shall indemnify any person who
was or is a party or is threatened to be made a party to any threatened, pending or completed action or suit by or in the right of the Company by reason of the fact that such person is or was a
Member, against costs and expenses, including attorneys' fees, actually and reasonably incurred by the person in connection with the action or suit if the person acted in good faith and in a manner
the person reasonably believed to be in or not opposed to the best interests of the Company; except that no indemnification shall be made in respect of any claim, issue or matter as to which the
person shall have been adjudged to be liable to the Company, unless and only to the extent that the court in which such action or suit was brought shall determine upon application that, despite the
adjudication of liability, in view of all the circumstances of the case, the person is fairly and reasonably entitled to indemnity for such expenses as the court considers proper. 

        Notwithstanding
the other provisions of this Paragraph, to the extent that a person has been successful on the merits or otherwise in defense of any action, suit or proceeding referred
to herein or 

2

 

in
the defense of any claim, issue or matter therein, such person shall be indemnified against costs and expenses, including attorneys' fees, which such person actually and reasonably incurred in
connection therewith. 

        Costs
and expenses incurred in defending a civil or criminal action, suit or proceeding may be paid by the Company in advance of the final disposition of the action, suit or proceeding
upon receipt of an undertaking by or on behalf of the person that he shall repay the amount advanced if it is ultimately determined that he or she is not entitled to be indemnified by the Company. 

        The
indemnification and advancement of costs and expenses shall not be construed to be exclusive of any other rights to which a person seeking indemnification or advancement of costs and
expenses may be entitled, and shall continue as to a person who has ceased to be a Member and shall inure to the benefit of heirs, administrators and executors of such a person. However, such
indemnification shall not
result in any liability of the Members to any third party, nor shall the Members be required to contribute capital to the Company for any indemnification payments set forth in this Paragraph should
the assets of the Company not be sufficient to discharge such liability. 

        If
the Paragraph or any portion hereof shall be invalidated on any ground by any court of competent jurisdiction, the Company shall nevertheless indemnify each Member as to expenses,
including attorneys' fees judgments, fines and amounts paid in settlement with respect to any action, suit or proceeding, whether civil, criminal, administrative or investigative and whether internal
or external, including without limitation a grand jury proceeding an action or suit brought or in the right of the Company, to the full extent permitted by any applicable portion of this Paragraph
that shall not have been invalidated, or by any applicable law. 

        12.    SALE OF INTEREST:    A Member may only sell its interest, or
any part thereof, in the Company with the unanimous consent of the Members. If a Member desires to sell or transfer any of its ownership or interest in the Company, that Member (the "Offering Member")
shall first give the Company and all other Members a notice (the "Notice") containing the name, address, and terms of purchase offered by a bona fide third party purchaser. The Company shall have
thirty (30) days from receipt of the Notice to purchase the Offering Member's interest in the Company at the same price and terms specified in the Notice. If the Company does not, within that
thirty (30) day period, elect to purchase that interest, the other Members shall have the right, for fifteen (15) days thereafter, to purchase that portion of the offered interest
proportionate to their respective percentages of the remaining interest in the Company. If a Member does not choose to purchase its full entitlement to the offered interest, the other Members may
purchase that interest proportionately. 

        The
Offering Member may sell all of its interest in the Company not purchased hereunder by the Company and by other Members, to the third-party purchaser at the price and at the terms
previously offered to the Company or other Members as specified in the Notice; provided, however, that such sale must be completed no later than ninety (90) days after the date of delivery of
the Notice to the Company. If the sale is not completed within that ninety (90) day period, the Offering Member must again comply with the terms of this paragraph prior to the sale of any
interest in the Company. 

        13.    DEATH OR DISSOLUTION:    Upon the death or dissolution of a
Member, the Company shall have the right and option, by written notice no later than three (3) months after the date of the death or dissolution, to purchase that deceased or dissolved Member's
interest in the Company now owned or hereafter acquired. The purchase price for that interest shall be the average of the value established by two independent appraisers, with the representatives of
the Selling Member and the Company each selecting and paying for one of the appraisers. The purchase price shall be paid in equal installments over a thirty six (36) month period. 

3

 

        14.    BOOKS AND RECORDS OF ACCOUNT:    The Company books and records
shall be kept at the Company's place of business. Every Member and their duly authorized attorney or accountant shall, at all reasonable times, have access to any may inspect and copy any such books
and records. 

        15.    CAUSE OF DISSOLUTION:    Termination and dissolution of the
Company shall occur upon the happening of any of the following events: 

	a.
	Upon
the unanimous agreement of all Members to Dissolve. 
	b.
	Upon
the happening of any other event set forth in this Agreement requiring dissolution. 
	c.
	Dissolution
according to law. 

        16.    WINDING UP AND LIQUIDATION:    Upon dissolution, the Company's
business shall be wound up and liquidated as rapidly as business circumstances will permit. The assets shall be applied to the purposes and in the order provided by law. To the extent feasible, all
distributions in liquidations shall be made pro rata to the Members in kind. 

        17.    NOTICES:    All notices or other communication among Members,
except as provided elsewhere in this Agreement, shall be in writing delivered in person or by certified or registered mail to the Member or Member's duly authorized representative, at his, her or its
last known address and shall be deemed received upon actual receipt or upon the expiration of seven (7) days after mailing, whichever is earlier. Any notice may be waived in writing by the
person entitled to receive it. 

        18.    CALIFORNIA LAW TO GOVERN:    This Agreement has been prepared
for the purpose of governing a Limited Liability Company operating pursuant to the Laws of the State of California. 

        19.    BINDING ON SUCCESSORS IN INTEREST:    This Agreement shall bind
the Members, their heirs, agents, assigns and representative. 

        20.    NUMBER AND GENDER:    As used in this Agreement, the masculine,
feminine or neuter gender, and the singular or plural number, shall each be deemed to include the other whenever the context so indicates. 

        21.    PARAGRAPH HEADINGS:    The paragraph and subparagraph headings
and numbers used herein are for purposes of convenience and shall not be considered in the interpretation of this Agreement. 

[REST
OF PAGE LEFT BLANK INTENTIONALLY] 

4

 

        22.    PARTIAL INVALIDITY:    If any portions of this Agreement shall
be held invalid or inoperative, then, insofar as it is reasonable and possible, the remainder of this Agreement shall be considered valid and operative, and effect shall be given to the intent
manifested by the portion held invalid or inoperative. 

EXECUTED AS OF THE DAY AND YEAR FIRST HEREINABOVE WRITTEN.

	
MEMBERS:	
 	

 
	

GRAYMARK PRODUCTIONS, INC.	
 	

 
	

By:	
 	

/s/  JOHN SIMONELLI      	
 	

 
	

Its:	
 	

 	
 	

 
	 	 	
	 	 
	
A & A PRODUCTIONS, LLC	
 	

 
	

By:	
 	

/s/  ALBERT S. RUDDY      	
 	

 
	

Its:	
 	

 	
 	

 
	 	 	
	 	 
	
FROZEN TELEVISION, INC.	
 	

 
	

By:	
 	

/s/  BRETT HUDSON      	
 	

 
	

Its:	
 	

 	
 	

 
	 	 	
	 	 

5

QuickLinks

EXHIBIT 10.12

OPERATING AGREEMENT FOR OUT OF THE BLUE PRODUCTIONS, LLC

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00063-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00063-of-00352.parquet"}], [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00063-of-00352.parquet"}]]