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ficient to liquidate'the said debt within eighteen
(18) months from the date of this Agreement, then at •
~ the ex iration of ei hteen (18 months SPC shall a
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i the balance due in full. WRS shall be entitled to a
' service charge of two (2) per cent a month commencing •
thirty (30) days after the date of each invoice on
~ the monthly unpaid balance of such~invoice.
~ (b) SPC agrees that it wi11 include in its
contracts with all distributors and any~other persons
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i~ or corporations indebted to SPC as a result of any
~ rights granted concerning the said movie "The Wi~d ~
Wild tiVorld of Jayne Mansfield" to mail any and all ~
payments directly to WRS in care of Western Pennsyl-
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vania National Bank, Eastland Office, Eastland ~
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j Shopping Plaza, East McKeesport, Pennsylvania, and
~ WRS will remit twenty-five (25$) percent of such ~
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i funds after collection to SPC. ~
~ (c) WRS shall have the exclusive right,
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~ foreign and domestic (bu not the obligation) to
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} perform all laboratory work~on the said movie "The ~
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Wild Wild World of Jayne Mansfield" for a period of ~
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~ seven (7) years from the date of this Agreement. ;
~ 3. In consideration of the various covenants, ~
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!~agreements and promises contained in this Agreement, SPC'does hereb~
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~~sell, assign, transfer and set over unto WRS two (2~Z per cent (
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i~of their right, title and interest in and to the said movie ~
~t"The Wild K'ild World of Jayne I?iansfield", subject to all the terms ~n~
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~~conditions contained in SPC's License Agreements. Said two (2$~) ~
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i~per cent interest shall not vest in enjoyment until after SPC
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±~or its collecting agent shall have received gross proceeds of ~
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~ ~~$150,000.00 plus all laboratory costs paid to WRS. SPC shall !
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+~keep separate books and records of all income and expenses con- ~
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~ _ '~cerning the said movie, "The Wild Wild World-of Jayne I?tansfield", ~
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+~and shall account to WRS monthly for WRS' share in the net ~
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~~profits, if any, in said movie. SPC's accounting shall include i ~
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~ ,ja statement of income and
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So~178 ~ 755. ! -
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