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This is an agreement between Mbassador Studios and SDM FLIX, LLC hereinafter referred to as (Broadcaster), granting the (Broadcaster) the rights to publish the television/film productions owned by Mbassador Studios. This agreement goes into effect after the first production published by the Broadcaster. Both parties agree to the following terms set forth:1. This agreement grants (Broadcaster) the license right to broadcast and/or rebroadcast the television/film productions owned by Mbassador Studios and to be broadcasted and/or rebroadcasted on the television/film outlets set forth by (Broadcaster) including but not limited to; Roku TV, Fire TV, Apple TV, and other digital television incorporated, or outlets set forth by (Broadcaster).2. Mbassador Studios shall have liability insurance coverage sufficient to hold the (Broadcaster) harmless from any accident claim that may result from the action of the broadcaster’s employees or agents, malfunction of equipment, collapse of platform, or any other structure or device which is the property or responsibility of the (Broadcaster) or its agent.3. Mbassador Studios agree and swear that its company own 100% of the rights to all television/film production submitted to (Broadcaster) for publishing.
4. Mbassador Studios agree to pay a subscription maintenance fee of $299.00 per month for 12 months to maintain the Mbassador Studios channel on the SDM FLIX platform. Please note: Subscription maintenance fees are subjected to change per year. All fees must be up to date per month to receive revenue shareholder payouts. Late payments over (45) days will forfeit the terms of this agreement and all shareholders investments will be terminated and reverted back to SDM FLIX LLC.5. Mbassador Studios will produce television/film content that will be suitable for the network quality standards to be aired by the (Broadcaster) on the television network set forth by (Broadcaster).
6. Mbassador Studios will earn a 2.5% profit share on all earnings including channel merchandise net sales and television advertisement profits of the net sales earned from SDM FLIX, LLC and other channel partners and will be paid on a monthly basis via direct deposit or other payment option issued by the (Broadcaster). As a content channel shareholder Mbassador Studios will also earn $0.009 per-hour streamed or viewed for his/her channel on the SDM FLIX platform. All profits will be paid on a monthly basis via direct deposit or other payment option issued by the (Broadcaster). First profit share payment will be issued by (Broadcaster) after 60 days from the date of production publication. Mbassador Studios will also earn one hundred percent (100%) of the direct commercial advertising and sponsorships on the Mbassador Studios channel referred by Mbassador Studios.7. (Broadcaster) will promote the television/film production produced by Mbassador Studios on the SDM FLIX network platform throughout the United States using but not limited too; emailing/texting subscribers, by social media platforms and other broadcasting networks set forth by (Broadcaster).
8. This contract is binding to confidentiality throughout the filming of the productions and will not be displayed to the public until published by (Broadcaster) as agreed release date set forth by both parties.9. This agreement becomes binding when the agreement is signed by the (Broadcaster) representative and Mbassador Studios.10. (Broadcaster) has agreed to publish the productions owned by Mbassador Studios within the year 2021 of the finale production.11. The duration of this contract will be for the term of twelve (12) months and automatically renew with the option of the shareholder to terminate this contract any time after with a two-week writing letter stating the termination after (12) months. If Mbassador Studios chooses to terminate this contract agreement all shareholder investments and profit shares will be reverted back to SDM FLIX LLC.12. (Broadcaster) and Mbassador Studios will be the sole owners of any film or television productions produced together and will retaining the rights of the film or television productions for a duration of a lifetime.
Legal Full Name: Tarmale Daniel
IN WITNESS WHEREOF, the Mbassador Studios Representative and (Broadcaster) have executed this Agreement the date first above written.
SDM FLIX, LLC (Broadcaster) representativeDonele Bailey - C.E.O
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