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"I further understand and acknowledge that I will be required to enter into further agreements with Finnmax
LLC (“Producerâ€) relating to the business that I may present to the sharks for possible investment (my “Businessâ€).
Among other things, those agreements are currently anticipated to provide that as a condition of my participation on
the Series, Producer, Sony Pictures Television Inc. and American Broadcasting Companies, Inc. (collectively the
“Shark Tank Entitiesâ€) or their designee(s) will receive an irrevocable option (the “Option), to do either of the
following or neither, at their election and in their sole discretion:
1. Receive a 2% royalty of the operating profits of my Business or
2. Receive warrants that give the Shark Tank Entities or their designees a 5% equity interest in my Business. "
Full PDF. http://a.abc.com/media/primetime/sharktank/SharkTank3OpenCallApplication.pdf
LLC (“Producerâ€) relating to the business that I may present to the sharks for possible investment (my “Businessâ€).
Among other things, those agreements are currently anticipated to provide that as a condition of my participation on
the Series, Producer, Sony Pictures Television Inc. and American Broadcasting Companies, Inc. (collectively the
“Shark Tank Entitiesâ€) or their designee(s) will receive an irrevocable option (the “Option), to do either of the
following or neither, at their election and in their sole discretion:
1. Receive a 2% royalty of the operating profits of my Business or
2. Receive warrants that give the Shark Tank Entities or their designees a 5% equity interest in my Business. "
Full PDF. http://a.abc.com/media/primetime/sharktank/SharkTank3OpenCallApplication.pdf
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