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Exhibit 10.47
Amendment No. 1 to Right of First Refusal
Agreement
This
Amendment No. 1 (the “Amendment”) dated as of
December 20, 2007, amends and adds certain terms to that
certain Right of First Refusal Agreement dated as of
August 29, 2006 by and among Lions Gate Entertainment Corp., a
corporation incorporated under the laws of British Columbia (the
“Company”), Sobini Films, a California corporation, and
Mark Amin, an individual (the “Agreement”).
The
parties wish to amend and add certain terms and conditions to the
Agreement, as follows:
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Section 1 of the Agreement is hereby amended to include
the following: |
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“g) Until December 31, 2008, Sobini shall pay the
Company a five (5%) percent fee on all of Sobini’s
international sales of motion pictures for annual sales of up to
Ten Million ($10,000,000) Dollars. Sobini and the Company shall, in
good faith, mutually negotiate a lower fee if annual international
sales exceed Ten Million ($10,000,000) Dollars with five
(5) motion pictures or less. Consequently, Sobini and the
Company shall, in good faith, mutually negotiate a higher fee if
annual international sales exceed Ten Million ($10,000,000) Dollars
for greater than five (5) motion pictures. Until
December 31, 2008, the Company shall be responsible for all
servicing/delivery and contract execution/collection issues, Sobini
shall be responsib |
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