PRODUCTION COMPANY HIRE AGREEMENT

  1. THIS PRODUCTION COMPANY HIRE AGREEMENT is entered into by and between _____________________________(the“Owner”) and Franklin Hynson (the “Lessee), individually referred to as “Party” and collectively referred to as “Parties”. 
  2. Hire. The Lessee will use Soulful Tears Productions as their own including the name, the equipment, and or the employees of the Company. The Lessee agrees to exercise care in handling the Company equipment as well as maintain the goodwill of the Company. If the Lessee disparages the name of the Company, he will be liable to pay damages. 
  3. Compensation. In consideration for the use of the production company as their own, the Lessee will pay the Owner 5% of their total revenue and he will incur all expenses in relation to the acquisition of the Company.
  4. Term. This Agreement shall be effective and binding upon the parties for 6 months from the effective date. 
  5. Release from Liability. The Lessee hereby releases, acquits, and forever discharges, and shall defend, indemnify and hold harmless the Owner of the Company, its subsidiaries, and affiliates from any liability that arises from any events that are organized by the Lessee. 
  6. Confidentiality. Each Party shall maintain the confidentiality of all such confidential information, and without obtaining the written consent of the other Party, it shall not disclose any relevant confidential information to any third parties, except for the information that: (a) is or will be in the public domain (other than through the receiving Party’s unauthorized disclosure); (b) is under the obligation to be disclosed according to the applicable laws or regulations, rules of any stock exchange, or orders of the court or other government authorities. 
  7. Governing Law. This Agreement will be construed according to the laws of the State of ___________________. 
  8. Entirety. This Agreement constitutes the entire agreement between the Parties and the parties agree that there are no understandings concerning the subject matter of this Agreement that are not contained in this document. 

IN WITNESS WHEREOF, the parties execute this Agreement as follows:

 Name: ___________________________ Name: _____________________________

Signature: ________________________ Signature: _________________________

Date: __________________________ Date: __________________________

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