Joint Venture Agreement re: Evita - Niko International Entertainmetn Corp. and MagicWorks Entertainment
[NIKO INTERNATIONAL LETTERHEAD]
January 28, 1998
Mr. Lee Marshall
MagicWorks Entertainment
RE: EVITA
Dear Lee:
The following shall set forth the terms of our understanding in regard to
Magic's participation in EVITA:
o Magic shall contribute 35% of the total capital required to mount the
production which is currently estimated to be $2.45M (exclusive of
'Bonds & Deposits'), for which Magic shall receive a proportionate
share of 100% of the producer share of profits.
o Magic shall be afforded the opportunity to invest up to an additional
35% of capitalization for which Magic shall receive a proportionate
share of 50% of 100% of the producer share of the profits.
o Magic shall receive second (2nd) position producer billing above the
title of the play.
o Magic shall receive one (1%) percent producer royalty of the weekly
NAGBOR or Company Share as the case may be.
Once we proceed closer to production, we shall forward a more formal agreement
incorporating the aforementioned terms.
Thank you for your continued support and friendship and I look forward to a
highly successful production with you.
Personal best,
/s/ Manny Kladitis
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Manny Kladitis
Agreed:
MagicWorks Entertainment
By: /s/ Lee Marshall
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Lee Marshall