Profit participation in individual projects of the Advent Film and Television Slate is offered to interested investors into the Offering Memorandum of Advent Entertainment, LLC. Profit participation in a specific project or into several projects will be according to an agreement signed by the Investor and Advent Entertainment, LLC. Back-end participation will be specific to a certain project or to certain projects according to the following guidelines. Each project will have Production and Print and Advertising Budgets. The total of these budgets is the “Total Budget” required for such project. Investors of a project collectively shall be entitled to 50% of the “Producer’s Gross” of the project (which includes all revenue streams for the project including but not limited to worldwide theatrical release, television, DVD/Blu ray, internet, merchandising, licensing, soundtrack) as described in the sample agreement below (“Investor’s Back-End Participation”). Each investor who has invested into Advent through the Offering Memorandum and signed a “Profit Participation” agreement for a specific project shall be entitled to a prorated share of the Investor’s Back-End Participation for such project.
FOR EXAMPLE: If a Total Budget for the production of a feature film is $10 million US dollars and an Investor had, through the Advent Offering Memorandum, invested $1 million US dollars, received their Advent Tokens and signed a Profit Participation Agreement for such production with Advent Entertainment, LLC, then such Investor shall be entitled to 10% of the Investor’s Back-End Participation for such production. If the film is released and receives $20 million US dollars profit to Advent Entertainment, LLC in worldwide theatrical release and an additional $30 million profit to Advent Entertainment, LLC through additional ancillary revenues of television, DVD/Blu ray, internet, merchandising, licensing, soundtrack for a total of $50 million US dollars then the total Producer’s Gross would be $50 million US dollars. The Investor’s Back-End Participation would then be $25 million US dollars and the Investor who had invested $1 million US dollars will receive 10% of the $25 million US dollars which would be $2.5 million US dollars.
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