First Addendum to the Agency Agreement
FIRST ADDENDUM TO THE AGENCY AGREEMENT This First Addendum Agreement ("First Addendum") is entered on this 1ih day of January, 2018 ("Effective Date") and is the addendum to the Agency Agreement dated 2ih day of April 2016 ("Principal Agreement") executed BYAND BETWEEN BETWEEN:- (1) Yash Raj Films Pvt. Ltd., a company incorporated under the provisions of the Companies Act 1956, having CIN U92110MH1973PTC016788 / PAN No. AAACY1176Eand its registered Office 5, Shah Industrial Estate, Veera Desai Road, Andheri (W), Mumbai - 400053 and (hereinafter referred to as "YRF") which expression shall, unless repugnant to the context or meaning thereof be deemed to include its successors and assigns) of the First Part; AND (2) Novex Communications Private Limited, a company incorporated under the provisions of the Companies Act 1956, having its registered office at B-301, Remi Bizcourt, 9 Shah industrial Estate, Andheri (W), Mumbai - 400 053 (hereinafter referred to as "Novex") which expression shall unless repugnant to the context or meaning thereof be deemed to include its successors-in-interest and permitted assigns, of the Other Part YRF and Novex are hereinafter referred to as "Party" individually and as "Parties" collectively. WH EREAS: (A) The Parties had entered into the Principal Agreement dated 27th April 2016, effective till 30th June, 2018 whereby YRF had hereby appointed Novex as its Agent, for identifying opportunities for the exploitation of the Ground License Rights and usage of sound recordings and underlying works in any public avenues with respect to the Song(s) to enable YRF to enter into Third Party Agreements throughout the Territory in accordance with the terms and conditions.
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