This California Security Agreement is used in conjunction with a Distribution Agreement. This agreement effectively gives the secured party a continuing right in debtor’s security interests in a motion picture. It effectively sets out the definition of the collateral (including intangibles, tangibles and proceeds) and the rights and remedies the secured party has under the California Commercial Code. It is imperative this type of Security Agreement be set out in writing and recorded with the appropriate entity if necessary.

This California Security Agreement (Entertainment) includes the following important provisions:

• Parties: Sets out the names of the debtor and secured party;
• Distribution Agreement: Sets out the date of distribution agreement and the title of the motion picture in which rights are given;
• Collateral: Sets out tangibles, intangibles and proceeds used as collateral under the distribution agreement;
• Rights and Remedies: Sets out specific rights under the California Commercial Code;
• Warranties and Representations: The specifics of debtor’s warranties and representations;
• Signatures: Both parties must sign this agreement;
• Short Form Security Agreement: A short form Security Agreement is included with this form.

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This attorney-prepared packet contains:

1. General Information
2. California Security Agreement (Entertainment)

State Law Compliance: This form complies with the laws of California