SEC Contract Filing

Filing Date: 2016-12-13

Document Content:
<DOCUMENT>
<TYPE>EX-10.1
<SEQUENCE>2
<FILENAME>hlwd_ex101.htm
<DESCRIPTION>COLLABORATION AGREEMENT
<TEXT>
<html><head><title>hlwd_ex991.htm</title><!--Document Created by EDGARMaster--></head><BODY spellcheck="true" style="TEXT-ALIGN: justify; FONT: 10pt TIMES NEW ROMAN; MARGIN: 0px 7%" scroll="yes"><p id="p583f2237-ecfe-4553-b07f-c9445c8defbc" style="MARGIN: 0px" align="right"><strong>EXHIBIT 10.1</strong></p><p id="p47af1adb-5acb-4346-a022-50b234748f9f" style="MARGIN: 0px">&nbsp;</p><p id="p9dc816eb-27ab-411b-bd6f-d59da7019f95" style="MARGIN: 0px" align="center"><b>COLLABORATION AGREEMENT</b></p><p id="p14207434-b14d-49b9-b69e-16f3adb242cb" style="MARGIN: 0px">&nbsp;</p><p id="pcb85cda4-950d-4727-8086-1e3c968c0970" style="MARGIN: 0px" align="center">&ldquo;Love Is Not Easy&rdquo;</p><p id="p865fa3b8-9a20-48ea-979a-a0c6c41f37d4" style="MARGIN: 0px">&nbsp;</p><p id="p09b620d0-e8c5-415c-8a84-90961cd682b3" style="MARGIN: 0px" align="justify">This collaboration agreement (the &ldquo;Agreement&rdquo;) is entered as of December 12, 2016, by and between Saisam Entertainment, LLC (&ldquo;SAE&rdquo;), on the one hand, and Almost Never Films, Inc. (&ldquo;ANF&rdquo;), on the other hand, with respect to the proposed motion picture project currently entitled &ldquo;Love Is Not Easy&rdquo; (the &ldquo;Picture&rdquo;). For convenience, SAE and ANF may each be referred to individually as a &ldquo;Party&rdquo; or collectively as the &ldquo;Parties.&rdquo; This Agreement is entered into with reference to the following:</p><p id="pb5c3d6e4-57f6-4783-b494-f9d605d79569" style="MARGIN: 0px">&nbsp;</p><p id="p903bc350-b3cc-45b8-898f-b59b5fbdd22b" style="MARGIN: 0px" align="justify">WHEREAS, SAE owns and controls the rights to the screenplay for the Picture (the &ldquo;Screenplay&rdquo;).</p><p id="pdca0d407-7c0a-4eb3-8661-6ef69f2ae302" style="MARGIN: 0px">&nbsp;</p><p id="p7c452f29-ad41-4b27-95c4-7bd9afd7a362" style="MARGIN: 0px" align="justify">WHEREAS, ANF wishes to collaborate with SAE in connection with the development, financing, production and exploitation of the Picture pursuant to the terms set forth below.</p><p id="pff034393-0f9b-4aac-9dc6-2df8fed73735" style="MARGIN: 0px">&nbsp;</p><p id="pecbe0f53-46cf-4da6-b368-85dc6b1718cd" style="MARGIN: 0px" align="justify">THEREFORE, for good and valuable consideration, the receipt and sufficiency of which is hereby acknowledged, the Parties agree as follows:</p><p id="p3a5dc8aa-765c-4ebb-ae3f-27b4a27d8473" style="MARGIN: 0px">&nbsp;</p><p id="pf27217fa-e117-4dd9-b3c4-d32b62031c3d" style="MARGIN: 0px" align="justify"><table style="TEXT-ALIGN: justify; FONT: 10pt TIMES NEW ROMAN" cellspacing="0" cellpadding="0" width="100%" border="0"> <tr><td width="3%"></td><td valign="top" width="3%">1.</td><td valign="top"><u>Formation of Company</u>: The Parties intend to create a single purpose LLC or other entity for the purpose of developing, producing and exploiting the Picture (the &ldquo;Company&rdquo;). SAE will contribute its development and producing services to the Company, will assign all rights in and to the Screenplay to the Company (pursuant to the terms of an option purchase agreement between SAE and ANF, which shall contain, amongst other terms, an initial option fee of Ten Thousand Dollars ($10,000) for an option period of eighteen (18) months, and a lien for all of ANF&rsquo;s out of pocket costs in the event of a reversion), and shall assist in the raising of additional financing. Upon the expiration of the 18 months both parties will negotiate in good faith for an extension of the property. ANF shall assign all rights acquired pursuant to the option purchase agreement to Company upon commencement of pre-production. ANF will make or source financial contributions in accordance with the terms of this Agreement, assist in the raising of additional financing (if required) and participate in the development and production process as set forth more fully herein. The Company will own 100% of the copyright to the Picture and all other ancillary and related rights, and each of SAE and ANF will own an undivided 50% interest in the Company. ANF will be the managing member of the Company. The operating agreement for the Company will be negotiated in good faith by the Parties, but in any event shall be consistent with the terms of this Agreement.</td></tr></table></p><p id="pf22dcf88-773d-40db-9aee-7ef43f5d9672" style="MARGIN: 0px">&nbsp;&nbsp;&nbsp;&nbsp; </p><p id="p9999d777-34cc-417f-9c42-34642b3b7cd0" style="MARGIN: 0px"><table style="TEXT-ALIGN: justify; FONT: 10pt TIMES NEW ROMAN" cellspacing="0" cellpadding="0" width="100%" border="0"> <tr><td width="3%"></td><td valign="top" width="3%">2.</td><td valign="top"><u>SAE Obligations</u>: Following formation of the Company, SAE will develop the Picture for possible production. In this regard, SAE will perform all reasonable and customary development services rendered by producers of first-class motion picture productions. In addition, upon completion of the foregoing development activities, SAE, in consultation with ANF, will use good faith reasonable efforts to secure additional financing for the Picture (if required).</td></tr><tr><td></td><td><p id="p6c79d566-1e4f-4c4d-bace-3713dc7027d7" style="MARGIN: 0px">&nbsp; </p></td><td><p id="p1f450f28-d88b-4eab-a5c6-4650a720bb4e" style="MARGIN: 0px">&nbsp;</p></td><tr><td></td><td valign="top">3.</td><td valign="top"><u>ANF Obligations</u>:</td></tr></tr></table></p><p id="p7caabbcf-25dc-4797-9404-4a9b00df406c" style="MARGIN: 0px">&nbsp;</p><p id="pea26bb24-72d9-4244-a46a-df37322474ae" style="MARGIN: 0px" align="justify"><table style="TEXT-ALIGN: justify; FONT: 10pt TIMES NEW ROMAN" cellspacing="0" cellpadding="0" width="100%" border="0"> <tr><td valign="top" width="6%"><p id="pd9e19742-c7d0-4135-a639-9621224dcd42" style="MARGIN: 0px">&nbsp;</p></td><td valign="top" width="3%">a.</td><td valign="top">The parties intend to produce with Picture for an approved budget o