SFB Contract

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    SFB (SerbianFailBlog) VIDEO LICENSE AGREEMENT

    Content License Agreement

    SFB wishes to receive and the licensor is willing to grant SFB a license to use

    the content (as defined below) on the terms set out in this letter.

    1.0 Grant of License The licensor hereby grants SFB a sub-licensable, assignable, exclusive

    worldwide license to copy, modify, amend, adapt, exploit and use the content for any purpose in

    any/all media, format or products, including without limitation that SFB may develop, amend and

    adapt the content and create derivative works from it. This license is for all media and in all

    perpetuity. During the license period the licensor undertakes not to itself exercise nor grant any

    license permitting any third party to exercise rights which conflict with those granted to SFB in this

    section.

    2.0 Licensors obligations and rightsThe licensor shall deliver the delivery materials to SFB

    before or within 2 days of the license being signed. Each party warrants to the other half that it has

    full power and authority to enter into and perform its obligations under this letter. The licensorwarrants that the content:

    A) Will not infringe any third partys intellectual property rights;

    B) Does not violate applicable law, statue or subordinate legislation

    C) There is no litigation or pending application before any registry or court of competent

    jurisdiction affecting the content.

    The licensor shall indemnify and shall keep SFB indemnified against all and any loss, damages,

    liability and costs (including reasonable legal expenses) that SFB suffers or incurs as a result or

    in connection with any breach by the assignor of the warranties in paragraph 2.0 above. At the

    request of SFB and at the licensors own expense, it shall provide all reasonable assistance to enable

    SFB to resist any claim, action or proceedings brought against SFB as a consequence of that breach.

    3.0 Confidentiality Each party shall keep secret and confidential: The terms of this letter; and any

    information of a confidential nature communicated to it by the other party, either preparatory to, or

    as a result of this letter; and shall not use the same for any purpose except for the purpose of

    exercising or performing its rights and obligations under this Letter and shall not disclose the same to

    any person other than any of its officers or employees who need to know such information for the

    purposes of carrying out such party's obligations under this Letter or its professional advisors,

    provided that prior to disclosure to any such officer, employee or professional advisor it informs such

    person of the confidential nature of the information and is responsible for such person's compliance

    with the confidentiality obligations set out in this paragraph 5 and, if necessary, shall promptly

    enforce such obligations either on its own motion or at the request of the other party. The provisionsof paragraph 3.0 shall not apply to such information unless is required to disclose by law, court order

    or any governmental or regulatory authority provided that, to the extent that it is legally permitted

    to do so, the party making the disclosure gives the other party as much notice of such disclosure as

    possible. The provision of section 4 shall remain in force notwithstanding expiry or earlier

    termination of this letter.

    4.0 Moral Rights The Licensor shall provide to SFB on or before the date of this Letter, written

    absolute waivers from all authors of the Content in relation to all their moral rights arising under the

    Copyright, Designs and Patents Act 1988 and, so far as is legally possible, any broadly equivalent

    rights such authors may have in any territory of the world.

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