Assignment of Rights and License Agreement

 

 

 

 

Exhibit 2.2

 

                   Assignment of Rights and License Agreement

 

This Agreement is made as of January 20, 2004, between Earthworks Entertainment,

Inc.,  with offices at 324 Datura  Street,  West Palm Beach,  FL 33314,  and its

designees and assignees (hereinafter  "Company",  "Assignee" and/or "Licensee");

and Peter Keefe,  with offices at 6467 Zuma View Place, Unit #160, Malibu Beach,

CA 90265 (hereinafter "Assignor" and/or "Licensor").

 

The parties hereto, intending to be legally bound, agree as follows:

 

                              W I T N E S S E T H:

 

WHEREAS,  Licensor  is the sole  owner of the  trademarks,  service  marks,  and

registrations set forth herein ("Trademarks"); and

 

WHEREAS,  Licensor is the sole owner of the  copyrights  and  registrations  set

forth herein ("Copyrights"); and

 

WHEREAS, Licensor is the sole owner of the merchandising and licensing rights to

certain intellectual  properties set forth herein  ("Merchandising and Licensing

Rights"); and

 

WHEREAS,  Licensor  holds  certain  rights to the  profits  and  income  streams

generated by certain  intellectual  properties set forth herein  ("Profit Rights

and Income Stream Rights"); and

 

WHEREAS,  Licensor  has the power and  authority to grant to Licensee the right,

privilege,  and license to use the  Trademarks,  Copyrights,  Merchandising  and

Licensing Rights,  Profit and Income Stream Rights on or in association with the

goods and services covered by the registrations for the intellectual  properties

("the Licensed Products and Services"); and

 

WHEREAS,  Licensee  desires  to  obtain  from  Licensor  a  license  to use  the

Trademarks on or in association with the Licensed Products and Services; and

 

WHEREAS,  Licensee  desires  to  obtain  from  Licensor  a  license  to use  the

Copyrights on or in association with the Licensed Products and Services; and

 

WHEREAS,  both Licensee and Licensor are in agreement  with respect to the terms

and  conditions  on  which  Licensee  shall  use  the  Trademarks,   Copyrights,

Intellectual  Properties,  Merchandising  and Licensing  Rights,  Profit Rights,

Income Stream Rights, Licensed Products and Services.

 

NOW,  THEREFORE,  in  consideration  of the  promises and  agreements  set forth

herein,  the parties,  each intending to be legally bound hereby, do promise and

agree as follows:

 

1.  LICENSE

 

Licensor  hereby grants to Licensee,  for the Term of this  Agreement as recited

herein,  the right and license to use the  Trademarks  and  Copyrights on, or in

association with, the Licensed  Products and Services in the Licensed  Territory

(hereinafter the "License"). It is understood and agreed that this License shall

pertain only to the Trademarks and Copyrights for the Z~Force property  Licensed

Products and Services and does not extend to any other mark, product or service.

Licensor also grants to Licensee his interest in the rights  described below for

other

 

 

                                     

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Licensed  Products and Services The Licensed Products and Services are currently

known as:

 

A.       Z~Force

B.       Nine Dog Christmas

C.       Nine Dog Night of Fright

 

Licensor  guarantees that his interest in the Licensed Products and Services are

as follows:

 

Rights Acquired                              Property Name            Interest

----------------                             -------------            --------

1. Profit Participation Ownership            Z~Force                     45%

 

2. Global Management and Control of TV &

    Home Video/DVD Sales, Merchandise,

    Licensing & Distribution                 Z~Force                     100%

 

3. USA TV Distribution Rights                Nine Dog Christmas          100%

 

4. USA TV Distribution Rights                Nine Dog Night of Fright    100%

 

5. Gross Revenue - Merchandise Licensing     Nine Dog Christmas          5%

 

6. Gross Revenue - Merchandise Licensing     Nine Dog Night of Fright    5%

 

7. Gross Revenue - Home Video/DVD Sales      Nine Dog Christmas          2%

 

8. Gross Revenue - Home Video/DVD Sales      Nine Dog Night of Fright    3%

 

9. Profit Participation Ownership            Nine Dog Christmas          3%

 

10. Profit Participation Ownership           Nine Dog Night of Fright    12%

 

Licensor  has  provided  Licensee  with all  appropriate  documentation  proving

Licensor's ownership and/or control of the rights as described herein,  together

with any  signatures  or  clearances  that have  been  reasonably  requested  by

Licensee to prove such ownership and/or control.

 

2.  TERM AND TERRITORY OF THE AGREEMENT

 

A. TERM

 

This Agreement and the provisions hereof, except as otherwise provided, shall be

in full force and effect commencing on the date of execution by both parties and

shall  extend  for a period of Ten (10)  Years  (the  "Term").  Licensee  shall,

thereafter, have the option of renewing the Agreement for an additional ten year

Term,  provided  that the parties  mutually  agree to renew the Agreement at the

expiration  of the Term. In the event that Peter  Keefe's  Employment  Agreement

with the Company shall be terminated  prior to the expiration of its term, or at

any time  thereafter,  Peter Keefe shall continue to be the manager and ultimate

controller  of all  rights  and  administration  for the  Z-Force  and  Nine Dog

properties,   including  all  areas  of  production,   distribution,  sales  and

marketing, licensing and any and all other forms exploitation.

 

                                     

<PAGE>

 

 

B. TERRITORY

 

The Territory of this Agreement ("Territory") shall be the World.

 

3.  COMPENSATION

 

In consideration for the License granted  hereunder for the Term hereunder,  and

for any option to renew such Licenses, Licensee agrees:

 

A. Licensee shall deliver to Licensor the shares and/or warrants as described in

Company's  Form 10- KSB as filed for the Fiscal Year ended  September  30, 2003,

payable in accordance  with the terms of Company's  Form 10-KSB as filed for the

Fiscal Year ended September 30, 2003.

 

B. Licensee shall acquire,  and Licensor hereby assigns,  the global  Management

Administration of the rights for: TV and Home Video/DVD,  Merchandise  Licensing

and  Distribution  of the property  currently known as "Z~Force" in exchange for

One Million  (1,000,000)  restricted  shares of  Company's  common  stock,  or a

warrant/share combination, as mentioned below. Licensor shall personally, at his

sole discretion,  determine and control the  administration and execution of all

aspects of the aforesaid rights Management and Administration.

 

C. Licensee shall acquire,  and Licensor hereby assigns,  Licensor's  forty-five

(45%) percent profit participation in the property currently known as "Z~Force",

in exchange for Eight Million (8,000,000)  restricted shares of Company's common

stock, or a warrant/share combination, as mentioned below.

 

D. Licensee shall acquire, and Licensor hereby assigns, Licensor's United States

broadcast,  cable,  satellite,  pay-per-view and all other so-called "television

broadcast  rights" currently in existence or either commenced or invented in the

future, for the properties currently known as "Nine Dog Christmas" and "Nine Dog

Night of Fright". Licensor shall personally,  at his sole discretion,  determine

the  administration  and execution of all aspects of the  "television  broadcast

rights".

 

E. Licensee shall acquire, and Licensor hereby assigns, Licensor's gross revenue

participation in the so-called "merchandise  licensing",  "home video sales" and

Licensor's  profit  participation  position in the property