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MUSIC VIDEO - LICENSE RELEASE FORM

Short Films - License Release
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AGREEMENT, dated _____ by and between, _____ (“LICENSOR”), of legal age, with address at _____, and ABS-CBN INTERNATIONAL (“LICENSEE”), a corporation duly organized and existing under the laws of California, with registered offices at 432 N Canal St., Ste 21, South San Francisco, CA 94080, USA, represented herein by its Regional Finance Officer, EDGARDO D. CARBONEL and its Managing Director, ROLANDO DEL ROSARIO, JR.

IT IS AGREED AS FOLLOWS: This Agreement consists of the following parts: the Deal Terms and any attachment thereto ("Schedule(s)"), and the Standard Terms and Conditions. In case of conflict between the Deal Terms with any attached Schedule(s), and the Standard Terms and Conditions, the Deal Terms shall prevail.

DEAL TERMS

LICENSED RIGHTS: Non-exclusive rights; Pay Television, Subscription Television, Video on Demand, and OTT

LICENSED TERRITORIES: Worldwide

LICENSED TERM One (1) year period from _____ to _____

LICENSED RUN(S): Multiple

LICENSED STATION/MEDIA: Licensee’s programs presently known as “Heavy Rotation”, “myxCLUSIVES”, “myxTAPE” and/or other ABS-CBN programs on MYX platforms, and other Licensee’s channels as may be determined by Licensee to be shown on Cable, Satellite and New Media platforms, which platforms may be owned by Licensees and/or by their respective licensee/s; on Licensee’s online/web-based service or such other internet, IPTV, and new media as may be determined by Licensee, including but not limited to iWantTFC, Kumu and Twitch.

LICENSED LANGUAGE: Original and English

TOTAL LICENSE FEE: See Special Provision 2

PAYMENT TERMS: NOT APPLICABLE

MATERIALS: Copy of the Program via FTP in highest resolution format, 1920 x 1080p or higher, in .mp4, .mov, .mpx or other high-resolution formats; LICENSEE can also request LICENSOR for specific file formats as needed

ADDITIONAL MATERIALS: Promotional materials such as trailers and marketing materials, if any; synopsis and logline

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