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PORTOBELLO FILMS AND TELEVISION LIMITED

Company number 02101663

Exclusive copyright mortgage and grant of security interest with respect to copyright

Created
16 April 1999
Delivered
7 May 1999
Status
Outstanding
Transaction Filed
Registration of a charge (395)
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Persons entitled

  • Miramax Film Corporation (The "Secured Party")

Amount secured

The company's obligations to accord the chargee all rights of first negotiation and limited matching rights required pursuant to clauses 4.12.1 and 4.12.2 of the financing agreement (as defined) in accordance with the terms thereof; the company's obligation pursuant to clause 5.1.7 of the financing agreement to account directly and pay to ben chaplin his profit participation due and owing in respect of those net profits against which the portobello contingent compensation advance (as defined in the financing agreement) is made and the company's indemnification of the chargee's against any loss, claim, liability or expense incurred by reason of any failure of whatsoever nature by the company to fulfill such obligation; and the company's obligation to pay to the chargee the ancillary rights revenue pursuant to clause 4.12.2 of the financing agreement

Short particulars

All of the company's half ownership interest in and to the bare copyright in the film "birthday girl" in north america and all of the company's one third ownership interest in and to the bare copyright in the film in the rest of the world excluding north america, the UK and eire. See the mortgage charge document for full details.