SFB (SerbianFailBlog) VIDEO LICENSE AGREEMENT

Content License Agreement SFB wishes to receive and the licensor is willing to grant SFB a license to use the content (as defined below) on the terms set out in this letter. 1.0 Grant of License The licensor hereby grants SFB a sub-licensable, assignable, exclusive worldwide license to copy, modify, amend, adapt, exploit and use the content for any purpose in any/all media, format or products, including without limitation that SFB may develop, amend and adapt the content and create derivative works from it. This license is for all media and in all perpetuity. During the license period the licensor undertakes not to itself exercise nor grant any license permitting any third party to exercise rights which conflict with those granted to SFB in this section. 2.0 Licensors obligations and rights The licensor shall deliver the delivery materials to SFB before or within 2 days of the license being signed. Each party warrants to the other half that it has full power and authority to enter into and perform its obligations under this letter. The licensor warrants that the content: A) Will not infringe any third partys intellectual property rights; B) Does not violate applicable law, statue or subordinate legislation C) There is no litigation or pending application before any registry or court of competent jurisdiction affecting the content. The licensor shall indemnify and shall keep SFB indemnified against all and any loss, damages, liability and costs (including reasonable legal expenses) that SFB suffers or incurs as a result or in connection with any breach by the assignor of the warranties in paragraph 2.0 above. At the request of SFB and at the licensors own expense, it shall provide all reasonable assistance to enable SFB to resist any claim, action or proceedings brought against SFB as a consequence of that breach. 3.0 Confidentiality Each party shall keep secret and confidential: The terms of this letter; and any information of a confidential nature communicated to it by the other party, either preparatory to, or as a result of this letter; and shall not use the same for any purpose except for the purpose of exercising or performing its rights and obligations under this Letter and shall not disclose the same to any person other than any of its officers or employees who need to know such information for the purposes of carrying out such party's obligations under this Letter or its professional advisors, provided that prior to disclosure to any such officer, employee or professional advisor it informs such person of the confidential nature of the information and is responsible for such person's compliance with the confidentiality obligations set out in this paragraph 5 and, if necessary, shall promptly enforce such obligations either on its own motion or at the request of the other party. The provisions of paragraph 3.0 shall not apply to such information unless is required to disclose by law, court order or any governmental or regulatory authority provided that, to the extent that it is legally permitted to do so, the party making the disclosure gives the other party as much notice of such disclosure as possible. The provision of section 4 shall remain in force notwithstanding expiry or earlier termination of this letter. 4.0 Moral Rights The Licensor shall provide to SFB on or before the date of this Letter, written absolute waivers from all authors of the Content in relation to all their moral rights arising under the Copyright, Designs and Patents Act 1988 and, so far as is legally possible, any broadly equivalent rights such authors may have in any territory of the world.

5.0 Further Assistance Each party shall, and shall use all reasonable endeavors to procure that any necessary third party shall, promptly execute and deliver such documents and perform such acts as may reasonably be required for the purpose of giving full effect to this Letter. 6.0 Governing law and jurisdiction This Letter and any dispute or claim arising out of or in connection with it or its subject matter or formation including (non-contractual disputes or claims) shall be governed by and Construed in accordance with the law of Serbia. The parties irrevocably agree that the courts of the Serbia shall have exclusive jurisdiction to settle any dispute or claim that arises out of or in connection with this Letter or its subject matter or formation (including noncontractual disputes or claims). 7.0 Identification of audio-visual Work Title: Link: http://www.youtube.com/....................... Year Created: 2011 Date First Published (first posted to any web site): 31/ 3 / 2013 8. License Fee (The amount paid to the Licensor): /

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Licensor executes this Agreement, effective on the date set forth under Licensors signature, below. LICENSOR Print Name: Address: Email address: Signature:__________________________ Acknowledge and accepted by: Company By name of the CEO Date: 22/07/2013