-------------------------------------------------- DRAFT FOR ATTORNEY REVIEW ONLY — NOT LEGAL OR FINANCIAL ADVICE This document is a structured preparation draft only. Copyright Act 1957 India IP ownership and moral rights provisions, income tax treatment of the Director fee under the Income Tax Act 1961 including TDS deduction obligations, applicable guild or association obligations under IFTDA or equivalent, any co-production treaty implications, and contract enforceability under the Indian Contract Act 1872 must be confirmed with a qualified Indian entertainment attorney before this agreement is signed or production commences. -------------------------------------------------- FILM PRODUCTION AGREEMENT — DRAFT FOR ATTORNEY REVIEW Document Ref: FPA-2026-001 Date of Preparation: June 1 2026 PRODUCER: SkyVision Films Pvt Ltd Mumbai Maharashtra India Email: [producer email] DIRECTOR: Arjun Kapoor Independent Filmmaker Mumbai Maharashtra India Email: [director email] 1. RECITALS 1.1 SkyVision Films Pvt Ltd is a film production company based in Mumbai Maharashtra India with experience in producing Indian feature films. 1.2 Arjun Kapoor is an independent filmmaker based in Mumbai India with experience directing three feature films and demonstrated expertise in Hindi language drama. 1.3 Both parties confirm their mutual intent to produce the Project on the terms set out in this agreement. 2. DEFINITIONS 2.1 Producer: SkyVision Films Pvt Ltd. 2.2 Director: Arjun Kapoor. 2.3 Project: The feature film titled The Last Monsoon as described in Section 4. 2.4 Script: The screenplay for The Last Monsoon as approved by the Producer. 2.5 Budget: INR 2,50,00,000 being the total production budget as described in Section 6. 2.6 Commencement Date: September 1 2026 being the first day of principal photography. 2.7 Delivery Date: December 31 2026 being the date by which all Delivery Materials must be delivered to the Producer. 2.8 Delivery Materials: All materials described in Section 12. 2.9 Net Profits: Gross Receipts from all exploitation of the Project less recoupment of the production budget, distribution costs, and agreed overheads as defined in Section 8. 2.10 Screen Credit: The credit Directed by Arjun Kapoor as described in Section 11. 2.11 Distribution Rights: All rights to exploit the Project in all media and territories as described in Section 13. 2.12 Turnaround Rights: Arjun Kapoor's right to reacquire project rights as described in Section 15. 2.13 Abandonment: The Producer's decision to discontinue the Project as described in Section 16. 2.14 Governing Law: Laws of Maharashtra India. 2.15 Effective Date: The date on which both parties sign this agreement. 3. ENGAGEMENT AND PROJECT SCOPE 3.1 SkyVision Films Pvt Ltd engages Arjun Kapoor to direct and oversee the production of The Last Monsoon on the terms of this agreement. 3.2 The Project is a Hindi language drama feature film with a target runtime of 100 minutes. Principal photography is scheduled to commence on September 1 2026 and all Delivery Materials must be delivered by December 31 2026. 3.3 Arjun Kapoor agrees to devote his professional skill, creative judgment, and best efforts to the Project throughout the production period. 3.4 Arjun Kapoor's services are exclusive to the Project during active principal photography and post-production. 3.5 Note: The engagement structure may be characterized as employment or independent contractor engagement under Indian employment law with significant TDS and PF implications that must be confirmed with a qualified attorney. 4. SCRIPT AND CREATIVE DEVELOPMENT 4.1 The Project is based on the screenplay for The Last Monsoon as approved by SkyVision Films Pvt Ltd. 4.2 SkyVision Films Pvt Ltd warrants that it has secured or will secure all necessary underlying rights to the screenplay and any source material before principal photography commences on September 1 2026. 4.3 Arjun Kapoor may make reasonable creative changes to the screenplay during production. Any changes affecting the production budget require the prior written approval of SkyVision Films Pvt Ltd. 4.4 Note: Screenplay rights clearance, music clearance, and all third-party IP clearances must be confirmed with a qualified Indian entertainment attorney before principal photography commences. 5. BUDGET AND FINANCING 5.1 The total production budget for The Last Monsoon is INR 2,50,00,000. 5.2 A contingency of 10 percent being INR 25,00,000 is reserved within the budget for unforeseen costs. 5.3 SkyVision Films Pvt Ltd is responsible for securing and managing the full production budget. 5.4 Arjun Kapoor must not commit SkyVision Films Pvt Ltd to any expenditure beyond the agreed budget without prior written Producer approval. 5.5 SkyVision Films Pvt Ltd will provide Arjun Kapoor with a detailed production budget breakdown before the Commencement Date of September 1 2026. 6. PAYMENT SCHEDULE AND DIRECTOR FEE 6.1 The total Director fee is INR 25,00,000 payable as follows: Milestone 1: INR 5,00,000 on signing of this agreement. Milestone 2: INR 7,50,000 on commencement of principal photography on September 1 2026. Milestone 3: INR 7,50,000 on delivery of the rough cut in acceptable quality. Milestone 4: INR 5,00,000 on delivery and acceptance of the final cut. 6.2 All payments in Indian Rupees by NEFT to Arjun Kapoor's nominated bank account. 6.3 Note: TDS deduction obligations on Director fee payments under the Income Tax Act 1961 and applicable professional tax must be confirmed with a qualified Indian tax advisor. 7. NET PROFIT PARTICIPATION 7.1 In addition to the Director fee Arjun Kapoor will receive 5 percent of Net Profits from all exploitation of The Last Monsoon. 7.2 Net Profits means Gross Receipts from all distribution channels less: 1. Full recoupment of the INR 2,50,00,000 production budget. 2. All distribution and marketing costs actually incurred. 3. A producer overhead charge of 10 percent of the production budget. 7.3 SkyVision Films Pvt Ltd will provide Arjun Kapoor with an annual accounting statement within 90 days of each financial year end showing all Gross Receipts and deductions. 7.4 Arjun Kapoor has the right to commission an independent audit of the accounting records once per year with 14 days written notice. 7.5 Note: Net profit definitions in Indian film agreements are complex. A qualified Indian entertainment attorney must confirm the net profit definition before this agreement is signed. 8. INTELLECTUAL PROPERTY OWNERSHIP 8.1 All intellectual property created by Arjun Kapoor in connection with the Project including all footage, direction, editing choices, sound recordings, and all other creative contributions vests in and is owned by SkyVision Films Pvt Ltd absolutely from the moment of creation. 8.2 Arjun Kapoor irrevocably assigns all such rights to SkyVision Films Pvt Ltd worldwide for the full period of copyright and all renewals and extensions thereof. 8.3 This assignment covers all formats, media, and territories now known or hereafter developed. 8.4 Arjun Kapoor will execute any further documents required to perfect this assignment within 14 days of request. 8.5 Note: Copyright Act 1957 India IP ownership provisions and moral rights under Section 57 of the Copyright Act must be confirmed with a qualified Indian entertainment attorney. Moral rights under Section 57 are not fully waivable under Indian law. 9. MORAL RIGHTS 9.1 To the extent permitted by the Indian Copyright Act 1957 Arjun Kapoor consents to SkyVision Films Pvt Ltd editing, re-versioning, dubbing, subtitling, and adapting The Last Monsoon for any format or medium without further consent. 9.2 Arjun Kapoor agrees not to assert his moral rights under Section 57 of the Copyright Act 1957 against SkyVision Films Pvt Ltd or any authorized distributor or licensee in connection with authorized uses of the Project. 9.3 Note: Moral rights under Section 57 of the Indian Copyright Act 1957 cannot be fully waived and must be confirmed with a qualified Indian entertainment attorney. 10. SCREEN CREDITS 10.1 Arjun Kapoor will receive the following screen credit on all authorized copies of The Last Monsoon released for public exhibition: Main titles: Directed by Arjun Kapoor 10.2 The credit will appear in the main titles in a size and position no less prominent than the writer credit. 10.3 SkyVision Films Pvt Ltd will not alter, remove, or fail to include the agreed credit in any authorized release. 10.4 Note: Screen credit obligations in Indian film productions should be confirmed with a qualified entertainment attorney particularly if any guild or association agreements apply. 11. DELIVERY MATERIALS 11.1 Arjun Kapoor must deliver to SkyVision Films Pvt Ltd by December 31 2026: 1. Final cut of The Last Monsoon in DCP format and all agreed digital formats. 2. All camera original materials and digital masters. 3. Music and effects tracks and full mix audio files. 4. Hindi dialogue and subtitle files. 5. Behind-the-scenes footage and EPK materials. 6. All location release forms, performer release forms, and music clearance documents. 7. Any other materials required by distributors or broadcasters. 11.2 Delivery is complete only when SkyVision Films Pvt Ltd confirms receipt of all Delivery Materials in acceptable technical quality in writing. 12. DISTRIBUTION RIGHTS 12.1 SkyVision Films Pvt Ltd holds all distribution rights to The Last Monsoon in all territories worldwide in all media now known or hereafter developed including theatrical, OTT streaming, broadcast television, physical media, and airline rights. 12.2 The distribution rights are granted for the full period of copyright and all renewals. 12.3 Note: Distribution platform agreements and OTT licensing arrangements must comply with applicable Indian content regulations and must be confirmed with a qualified attorney. 13. KEY PERSON PROVISION 13.1 Arjun Kapoor is the key person to this production. SkyVision Films Pvt Ltd's obligation to finance and complete the Project is conditional on Arjun Kapoor remaining available and able to perform his directorial obligations. 13.2 If Arjun Kapoor becomes unable to perform due to illness, injury, or death during production SkyVision Films Pvt Ltd may suspend production for up to 30 days and if the incapacity continues may engage a replacement director. 13.3 Note: Cast and director insurance for key person provisions must be confirmed with a qualified production insurance broker and attorney. 14. TURNAROUND RIGHTS 14.1 If SkyVision Films Pvt Ltd fails to commence principal photography by September 1 2027 being 12 months after the Commencement Date or within 18 months of the Effective Date whichever is earlier Arjun Kapoor has the right to reacquire the rights to The Last Monsoon project by repaying all documented development costs incurred by SkyVision Films Pvt Ltd. 14.2 Arjun Kapoor must exercise the turnaround right within 12 months of it becoming exercisable or it lapses permanently. 14.3 Note: Turnaround right mechanics under Indian contract law must be confirmed with a qualified entertainment attorney. 15. ABANDONMENT 15.1 SkyVision Films Pvt Ltd may abandon the Project at any time after principal photography has commenced by giving Arjun Kapoor 21 days written notice. 15.2 On abandonment after commencement of principal photography SkyVision Films Pvt Ltd must pay Arjun Kapoor an abandonment fee of INR 5,00,000 in addition to all milestone fees already paid. 15.3 On abandonment all IP in the Project reverts to SkyVision Films Pvt Ltd. 15.4 Note: Abandonment provisions and their interaction with IP ownership under the Copyright Act 1957 must be confirmed with a qualified attorney. 16. FORCE MAJEURE 16.1 Neither party is liable for delay or failure to perform caused by events beyond their reasonable control including natural disasters, government action, pandemic events, or equipment failure. 16.2 If a force majeure event continues for more than 60 consecutive days either party may terminate this agreement by 14 days written notice without further liability. 17. INSURANCE 17.1 SkyVision Films Pvt Ltd will maintain adequate production insurance throughout the production period including errors and omissions, general liability, cast insurance covering Arjun Kapoor as key person, and equipment insurance. 17.2 Arjun Kapoor must cooperate with all insurance requirements including any required medical examination. 18. CONFIDENTIALITY 18.1 Both parties agree to keep the terms of this agreement and all confidential project information strictly confidential during the term and for 2 years after delivery. 19. GOVERNING LAW AND DISPUTES 19.1 Laws of Maharashtra India govern this agreement. 19.2 Disputes proceed through direct negotiation then binding arbitration in Mumbai. SIGNATURE BLOCK: Note: Both parties must have this agreement reviewed by a qualified Indian entertainment attorney before signing. Copyright Act 1957 IP assignment and moral rights compliance, TDS obligations on Director fees, IFTDA guild obligations if applicable, and net profit definition must all be confirmed before production commences. SkyVision Films Pvt Ltd (Producer) Signature: ________________ Name: ____________________ Title: ___________________ Date: ____________________ Arjun Kapoor (Director) Signature: ________________ Date: ____________________ Witness: _________________ -------------------------------------------------- This Film Production Agreement draft was generated by an AI drafting tool as a structured preparation and documentation aid only. It does not constitute legal or financial advice. Always have this document reviewed by a qualified entertainment attorney before either party signs or production commences. --------------------------------------------------