Loading...
CONTRACT 6035 Vender AgreementDocuSign Envelope ID: EC4D104B-3FFA-4699-9416-OE54C68AA7E1 Agreement No. 6035 irspi" PRODUCTION tm..W 3/1/2021 LIC-OP001718 ANNUAL LEASE & SYNCHRONIZATION AGREEMENT This Annual Lease and Synchronization Agreement ("AGREEMENT") is by and between Spirit Music Collective, LLC d/b/a Spirit Production Music (hereafter referred to as "SPM") located at 12711 Ventura Blvd., Suite 110, Studio City, CA 91604 and El Segundo Media /City of El Segundo (hereafter referred to as "LICENSEE") located at 350 Main Street, El Segundo, CA, 90245 for the licensing of music. In full consideration for the rights granted herein, LICENSEE agrees to pay SPM the sum of One Thousand Six Hundred and Fifty US Dollars ($1,650.00) for the term of this AGREEMENT. This License is payable in Three (3) Installments, the first is due upon signing in the amount of Five Hundred and Fifty US Dollars ($550) with further installments due on 9/1 /2022 and 9/1/2023 in the amount of $550 each. SPM hereby licenses and shall immediately make available to LICENSEE digital copies of the musical Composition(s) and Master Recording(s) (hereafter referred to as "COMPOSITIONS") from the SPM libraries (hereafter referred to as "LIBRARY"), and grants to LICENSEE the following non-exclusive right to review and embody unlimited COMPOSITIONS from the LIBRARY in LICENSEE's productions during the term of the AGREEMENT for the following clearance(s): • Broadcast Synchronization — Local programs, promos, commercials, infomercials and PSA's • All Digital Rights: All Internet & Mobile Media & Social Media, including Pre -Roll, streaming and/or downloading 3. The TERRITORY covered by this AGREEMENT is the LICENSEE's location noted above as it relates to synchronization and The World as it relates to distribution. 4. The term of this AGREEMENT shall be for a period of three (3) Years with an additional six (6) months at no additional cost beginning on 3/1/2021 and ending on 8/31/2024. Upon termination or expiration of this AGREEMENT, all materials furnished by SPM to LICENSEE shall be returned to SPM at LICENSEE's expense within ten (10) days. 5. SPM warrants that it is an authorized agent for all of the music contained in the LIBRARY. SPM further warrants that it has the legal right to license the usage of music selected from the LIBRARY, and that each and every part of the recorded material in LIBRARY were manufactured under agreements with the copyright owners which permit their use for purposes herein specified and that LICENSEE shall not be liable for any additional payments in connection with the exercise of the rights herein granted to LICENSEE. 6. In the event that SPM breaches this AGREEMENT, LICENSEE shall have the right to terminate this AGREEMENT upon ten (10) business days written notice to SPM; in the event this AGREEMENT is terminated because of breach by SPM, SPM shall refund to LICENSEE that portion of the unearned license fee as of the termination date. If any warranty herein shall be breached in whole or in part, with respect to (any of) said musical composition(s), SPM's total liability shall be limited either to repaying the amount of the consideration theretofore paid under this License with respect to such musical composition(s) to the extent of such breach or to holding LICENSEE harmless to the consideration theretofore paid under this License with respect to such musical composition(s) to the extent of said breach. SPM agrees to indemnify, defend (with counsel of SPM's choice and reasonably acceptable to LICENSEE) and hold LICENSEE harmless from and against all claims, demands, actions, proceedings and/or suits (collectively, "Claims") brought by any third party resulting in liabilities, losses, costs, damages and expenses (collectively, "Losses") arising out of or in connection with any breach of SPM's representations and warranties herein. LICENSEE agrees that SPM shall have the sole right to control the legal defense against any Claims. LICENSEE may participate, at its own expense, in such defense and in any settlement discussions directly or through counsel of its choice. 12711 VENTURA BLVD., SUITE 110, STUDIO CITY, CA 91604 TEL: 988 757 6787 FAX 818 508 2044 DocuSign Envelope ID: EC4D104B-3FFA-4699-9416-OE54C68AA7E1 Agreement No. 6035 " PRODUCTION music 3/l /2021 LIC-OP001718 ANNUAL LEASE & SYNCHRONIZATION A+GREE_MEDa In the event that LICENSEE breaches this AGREEMENT, SPM shall have the right to terminate this AGREEMENT upon ten (10) business days written notice to LICENSEE, and LICENSEE agrees to pay reasonable costs incurred by SPM which result from LICENSEE's breach. Upon termination: (a) all rights granted to LICENSEE by this AGREEMENT shall 'immediately revert to SPM'; (b) all income which was dueor which might become due under this AGREEMENT shall immediately become payable; and(c) LICENSEE shall have no further claim to this AGREEMENT, any income,, or benefits relating to this AGREEMENT. Notwithstanding anything contained herein to the contrary„ all COMPOSITIONS from the LIBRARY, and Sub - Libraries if licensed by LICENSEE, embodied in productions completed during the term of this AGREEMENT are irrevocably licensed for use in those productions in perpetuity, worldwide. 8. LICENSEE shall have the power and authority to assign its rights and obligations under this AGREEMENT to any patty, whatsoever without SPM's consent, provided that. LICENSEE'Ss assignee agrees to be bound by all of the obligations undertaken by LICENSEE hereunder. This AGREEMENT is binding upon and shall inure to the bencriit of the respective suoc ssors and/or assigns orthe parties hereto. 9. LICENSEE agrees to furnish licensor cue sheets/reporting forms for all traditional broadcast (i.e. TV and/or Film) productions that utilize compositions from the LIBRARY, All cue sheets must have composer, perforating rights. affiliation, and composition title information listed. All cue sheets need to be reported to SPM within thirty (30) days of the final edit of each production. LICENSEE shall not be required to supply SPM' with cue sheets/reporting forms for Internet broadcasts. 10. Public performance of the COMPOSITIONS in synchronization with the PRODUCTIONS shall be further subject to the maintenance or procurement by each exhibiting entity of a valid perflarming rights license issued by ASCAP, BMI, SESAC, or other entity controlling the licensing ofperfon-ring rights. 11. All rights not herein explicitly granted to LICENSEE are reserved by SPM.. without limiting the foregoing, no sound recordings produced pursuant to this License are to be manufactured,„ and/or sold separately or independently of the PRODUCTIONS. 12. This AGREEMENT shall be considered valid upon SPM receiving a partially executed AGREEMENT or upon of first annual payment. A photocopy or faxed copy of this AGREEMENT shall be considered as a valid original. 13. This Agreement was drafted in and will be construed in accordance with the laws of the State of California, and exclusive venue for any action involving this agreement will be in Los Angeles County. Both of the parties to this Agreement will be entitled to enforce its rights under this Agreement specifically, to recover damages and costs (including attorney's fees) caused by any breach of any provision of this Agreement and to exercise all other rights existing in its favor. The prevailing party shall) be entitled to recover its reasonable legal fees and other costs of suit or arbitration. 12711 VENTURA BLVD., SUITE 110, STUDIO CITY, CA 91604 TEL: 888 757 6787 FAX: 818 508 2044 DocuSign Envelope ID: EC4D104B-3FFA-4699-9416-OE54C68AA7E1 Agreement No. 6035 S 40 40 PRODUCTION iritmwc 3/l/2021 LIC-OP001718 AI It1IAL LEASE & YIVCIIR0I91 AT10 AGREEMENT_ El Segundo Media /City of El Segundo / Main Contact Darnell Jenkins Email Address (Main Contact) djenkins@elsegundo.org El Segundo Media /City of El Segundo / Billing Contact Accounts Payable / Finance Email Address (Billing Contact) accountspayable@elsegundo-org AGREED TO AND ACCEPTED BY: AGRri. TO AND ACCEPTED BY: Spi i (d)+� 0usic El Sc o Media /City of I' Segundo By.17� ��1( By. sore rsa7r,ar Chadwick P1c:a print name: t 40S S Please grant name: Title: Svp Operations Title:-t:werj� Date: 3/17/2021 Date: 3 `& C2i MESS", \ �, Vf) -pw" ;L City Glory City of El Segundo MUD TU'FUI;f�: for 6 CITY AllOfiKY 12711 VENTURA BLVD., SUITE 110, STUDIO CITY, CA 91604 TEL: 888 757 6787 FAX: 818 508 2044