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JOINT VENTURE DISSOLUTION AGREEMENT

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					                 JOINT VENTURE DISSOLUTION AGREEMENT
THIS AGREEMENT made effective as of the _____ day of ______________, 20____, (the “Effective
Date”).

BETWEEN:

                                   [NAME OF FIRST CO-VENTURER]
                           a ____________ [insert state of Corporation] corporation
                                        whose address for service is
                                    __________________ [insert address]
                                       (hereinafter “Co-Venturer #1”)

                                                  - and -

                                 [NAME OF SECOND CO-VENTURER]
                        a _________________ [insert state of Corporation] corporation
                                      whose address for service is
                                   _________________ [insert address]
                                     (hereinafter “Co-Venturer #2”)

                (the above parties hereinafter collectively referred to as the “Co-Venturers”)

WHEREAS the Co-Venturers entered into a Joint Venture Agreement dated __________ [insert date] to
establish a joint venture called _____________________________ [name of joint venture] (the “Venture”) for
the purpose of developing, producing and exploiting an original motion picture currently entitled
“__________________” [insert title] (the “Picture”) based on an original script by
_____________________[insert author name] (hereinafter referred to as the “Screenplay”). The Screenplay,
the Picture, and all ancillary rights therein are collectively referred to herein as “the Property”.

AND WHEREAS the Venture has completed the Picture, and the Co-Venturers now wish to dissolve the
Venture;

NOW THEREFORE the parties hereto agree as follows:

1.      The Venture is hereby dissolved.

2.      Any and all remaining assets and property of the Venture, including future revenues from the
sale or licensing of the Property (with the exception of the copyright to the Screenplay and the raw
footage of the Picture), shall be liquidated, and the proceeds realized from such liquidation shall be
distributed in accordance with the following order of priority:

(a)     Firstly, to payment of all outstanding Venture expenses, if any, including obligations, royalties,
        salaries, taxes, unpaid debts, and any associated costs necessary for winding up the Venture;

(b)     Secondly, to the Co-Venturers according to the following formula:

        (i)      Revenues up to the first $________________ shall be split equally between the Co-
                 Venturers; then

        (ii)     Revenues shall be allocated _____% to Co-Venturer #1 and ____% to Co-Venturer #2
                 until the cost of production has been recouped; then

        (iii)    After the cost of production has been recouped, all additional revenues shall be split
                 equally between the Co-Venturers.

3.     The parties shall undertake a complete and final audit of the books, financial records and
accounts of the Venture within ________ days following the Effective Date of this Agreement, and all final
adjustments between the parties shall be made on the basis of such audit.
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posted:10/3/2012
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