| "cleaned_text": "pro artist agreement investment agreement agreement entered may artist corporatio n address furnishing services artist investor address note artist entering agreement individual via furnishing company see discussion regarding limited liability introduction whereas parties agreement seek advance career artist agree follows investment investor agrees invest minimu two million dollars investment maximum two million five hundred thousand dollars pursuant terms agreement investment shall paid directly company parties agree company shall use investment advance career artist entertainment industry defined satisfy goals set forth marketing plan attached schedule marketing plan provided company reserves right change marketing plan company reasonably believes changes would enhance career artist marketing plan comprehensive blueprint sets forth companys case artists advertising marketing effort period time includes budget specifications artist intends money instance may include amounts hiring publicist andor indie radio promoter also include detailed estimates artists earnings projections may key investors decision support artist note pro artist agreement artist reserves right use investment expenses market plan presented inve stor artist feels money could better spent activities circumstances artists career change payment dates five hundred thousand dollars shall payable company upon execution greement said amount shall paid bank account account owned company check payable artist b company shall right withdraw funds account accordance purposes agreement c investor shall replenish account time less account avoidance doubt time less twenty thousand dollars account investor place least enough money account equal five hundred thousand dollars understood agreed investor shall pay expenses directly rather investor make sufficient funds available company pay expenses e parties hereto agre e purpose investor replenishing account allow artist pay expenses advance artists career parties anticipate least two million dollars required invest artist order genera te net profits defined provided additional funds required amount two million five hundred thousand dollars investor shall make additional funds available although pro artist agreement vestment large limited number installments reasonable f company shall full discretion right exercise independent judgment without approval form investor respect paying individual expense sevent five thousand dollars individual expense excess seventy five thousand dollars investor shall right approve expense provided approval shall unreasonably denied expense best interest advancing artists career reasonable control spending investment return consideration investment investor shall receive total forty per cent net profits defined earned ar tist entertainment industry consideration shall referred herein investment return rate return high side proportion large sum invested company company shall use best efforts laun ch sustain advance artists entertainment industry agreed times term agreement artist shall shareholder officer company definitions net profits purposes agreement shall mean gross earnings defined minus expenses gross earnings purposes agreement shall mean income actually received company artist artists activities entertainment rketing including performance fees sponsorship fees endorsement fees advances guaranties recording royalties salaries bonuses deferred compensation union payments equity shares corporations partnerships shares profits f orm compensation income notwithstanding anything contrary foregoing investment shall deemed gross earnings ii salaries benefits including insurance pensions andor fees paid employees agents company artist shall deemed gross earnings b expenses purposes agreement shall mean actual recording video production costs paid unaffiliated unrelated third parties connection artists recording video recording artist ii actual tour support costs including sound lighting equipment rental transportation accommodations lodging paid connection artists live performances iii actual bona fide documented payments third party connection advancing artists career entertainment industry monies paid connection marketing public relations publicity branding image consulting website development artist management marketing management booking agents accounting legal fees photography wardrobe styling radio promotion manufacturing packaging digital distribution ofpocket expenses incurred connection artist ctivities entertainment industry iv monies needed maintain corporate offices recording studio including rent furnishings recording equipment electricity phone computers etc v five hundred thousand dollars salaries andor benefits paid employees agents artist vi taxes payable artist including federal state city income taxes sales taxes entertainment industry purposes agreement sh mean artists activities entertainment industry follows live performance music performer dancer ii music recordings records including sale lease rental music recordings media throughout world know hereafter developed iii music videos concert films iv aspects motion pictures motion picture marketing including performance directing writing producing v aspects television television marketing including p erformance directing writing producing vi licensing music recordings television movies commercials electronic video games vii merchandise sort including clothes posters stationary etc endorsements product service viii project associated digital entertainment content involving internet mobile technology known hereafter developed ix aspects book publishing including writing x aspects live theatre theatre marketing including acting performing directing producing avoidance doubt agreement pertain apply income received behalf artists individuals except company artist cap investment return notwithstanding anything contrary herein shall cap ten years term date agreement avoidance doubt investors right collect monies artist shall terminate ten years date agreement shall obligation pay investor share monies received company artist said date long term proportion large investment accounting pa yment company shall account investor semi annual basis starting july continue long net profits earned furnishing statements payments due investor deduction permissible expenses accounting tatement shall include description transaction subject agreement including identification third party amount paid nature products andor services payment made accounting statement shall c relevant transactions immediately preceding semi annual period audit investor shall right time give company written notice investors intention examine companys books records respect royalty statement examination shall occur year commenced sooner one month later three months date notice investors sole cost expense certifi ed public accountant attorney designated investor provided engaged outstanding examination companys books records behalf person investor examination shall made companys usu al business hours place company maintains books records relate investor necessary verify accuracy statement statements specified investors notice company company shall obligatio n produce books records b unless investor provides notice examine companys books records within six months receipt investor royalty statement statement rendered investor shall fi nal conclusive binding investor shall constitute account stated investor shall foreclosed maintaining action claim proceeding company forum tribunal respect statement accounting rendered eunder unless action claim proceeding commenced company court competent jurisdiction within one year date statement accounting received investor c investor acknowledges company books nd records contain confidential trade information neither investor investors representatives communicate others use behalf person facts information obtained result examination companys books r ecords except may required law judicial decree legal counsel investor hereby acknowledges sought received legal advice independent counsel voluntarily waived right independent counsel wi th respect terms provision contained agreement investor acknowledges entertainment industry highly risky business may repaid earn net profits note contact makes clear investor may never recoup investment independent contractor investor company shall relationship independent contractors nothing herein shall construed place investor company relationship principal gent employer employee master servant partners joint venturers neither party shall expressly implications represented authority make contracts name binding obligate manner notices notices reports accountings communication investor company may required desires send must delivered either certified mail return receip requested parties addresses first written address designated investor company b electronic mail following addresses company ii investor assi gnment investor may assign agreement rights hereunder person firm corporation including corporation investor principal provided investor shall remain responsible payments required made agreement ii assignee necessary cash hand make payments required agreement notwithstanding foregoing company may assign agreement obligations herein ent ire understanding agreement constitutes entire understanding parties reference matter supersedes prior agreements written oral agreement cannot modified except written instrument signed pa rties governing law agreement made construed laws state new york respect contracts executed performed state enforcement provision agreement shall found invalid unenforceable provision shall invalidate way affect enforceability remainder agreement agreed accepted investor company fso artist name authorized signatory" |
