{"id":31,"date":"2026-03-29T07:19:27","date_gmt":"2026-03-29T07:19:27","guid":{"rendered":"https:\/\/filmbite.tv\/?page_id=31"},"modified":"2026-03-29T07:20:38","modified_gmt":"2026-03-29T07:20:38","slug":"legal-notice-risk-disclosure-indemnification-and-investor-representation-agreement","status":"publish","type":"page","link":"https:\/\/filmbite.tv\/index.php\/legal-notice-risk-disclosure-indemnification-and-investor-representation-agreement\/","title":{"rendered":"Legal Notice, Risk Disclosure, Indemnification, and Investor Representation Agreement"},"content":{"rendered":"\n<p class=\"wp-block-paragraph\"><strong>OFFERING \u2013 LEGAL NOTICE, RISK DISCLOSURE, \u00a0INDEMNIFICATION, AND INVESTOR REPRESENTATIONS AGREEMENT<\/strong><br>Film Bite, Inc. <br>1332 Hermosa Avenue, Suite 14<br>Hermosa Beach, California 90254<\/p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n\n\n\n<h2 class=\"wp-block-heading\">1. SECURITIES LAW NOTICE<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">This document relates to (the \u201cOffering\u201d) of membership interests (the \u201cInterests\u201d) in<strong>\u00a0Film Bite, Inc.<\/strong> \u00a0(the \u201cCompany\u201d).<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The Interests:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Have\u00a0<strong>not been registered<\/strong>\u00a0under the Securities Act of 1933, as amended (the \u201cSecurities Act\u201d), or any state securities laws<\/li>\n\n\n\n<li>Are offered pursuant to exemptions, including, but not limited to,\u00a0<strong>Regulation D (Rule 506(b) or 506(c))<\/strong><\/li>\n\n\n\n<li>May not be sold, transferred, or otherwise disposed of absent registration or an applicable exemption<\/li>\n<\/ul>\n\n\n\n<p class=\"wp-block-paragraph\">This document is&nbsp;<strong>confidential<\/strong>&nbsp;and may not be reproduced or distributed without prior written consent of the Company.<\/p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n\n\n\n<h2 class=\"wp-block-heading\">2. SPECULATIVE INVESTMENT AND TOTAL LOSS RISK<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">Investment in the Company is&nbsp;<strong>highly speculative<\/strong>,&nbsp;<strong>illiquid<\/strong>, and involves a&nbsp;<strong>high degree of risk<\/strong>, including the possible&nbsp;<strong>complete loss of capital<\/strong>.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">No assurance can be given that:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Any project will be completed<\/li>\n\n\n\n<li>Any revenue will be generated<\/li>\n\n\n\n<li>Any distributions will be made<\/li>\n<\/ul>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n\n\n\n<h2 class=\"wp-block-heading\">3. DETAILED FILM, MEDIA, AND ENTERTAINMENT RISKS<\/h2>\n\n\n\n<h3 class=\"wp-block-heading\">3.1 Development and Greenlight Risk<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">Projects may fail to obtain financing, talent attachments, or approvals necessary to proceed.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">3.2 Production and Completion Risk<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">Risks include:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Budget overruns<\/li>\n\n\n\n<li>Delays or shutdowns<\/li>\n\n\n\n<li>Loss of key cast\/crew<\/li>\n\n\n\n<li>Force majeure events<\/li>\n<\/ul>\n\n\n\n<p class=\"wp-block-paragraph\">Completion bonds, if obtained, may not fully protect investors.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">3.3 Guild and Union Risks<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">The Company\u2019s projects may be subject to agreements with guilds, including:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>SAG-AFTRA<\/li>\n\n\n\n<li>WGA<\/li>\n\n\n\n<li>DGA<\/li>\n\n\n\n<li>IATSE<\/li>\n<\/ul>\n\n\n\n<p class=\"wp-block-paragraph\">Risks include:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Strikes or labor disruptions<\/li>\n\n\n\n<li>Increased costs due to union requirements<\/li>\n\n\n\n<li>Residual and pension obligations<\/li>\n<\/ul>\n\n\n\n<h3 class=\"wp-block-heading\">3.4 Distribution and Market Acceptance Risk<\/h3>\n\n\n\n<ul class=\"wp-block-list\">\n<li>No guarantee of theatrical, streaming, or broadcast distribution<\/li>\n\n\n\n<li>Competitive marketplace with oversupply of content<\/li>\n\n\n\n<li>Platform algorithm changes affecting visibility<\/li>\n<\/ul>\n\n\n\n<h3 class=\"wp-block-heading\">3.5 Revenue Waterfall and Recoupment Risk<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">Film\/media revenues are typically distributed pursuant to complex \u201cwaterfall\u201d structures, which may include:<\/p>\n\n\n\n<ol class=\"wp-block-list\">\n<li>Distribution fees and expenses<\/li>\n\n\n\n<li>Sales agent commissions<\/li>\n\n\n\n<li>Marketing and P&amp;A recoupment<\/li>\n\n\n\n<li>Debt repayment (if any)<\/li>\n\n\n\n<li>Preferred investor return (if applicable)<\/li>\n\n\n\n<li>Profit participation to producers, talent, and other stakeholders<\/li>\n<\/ol>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Investors may receive little or no return despite project success.<\/strong><\/p>\n\n\n\n<h3 class=\"wp-block-heading\">3.6 Intellectual Property and Chain-of-Title Risk<\/h3>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Defects in chain-of-title<\/li>\n\n\n\n<li>Copyright or trademark disputes<\/li>\n\n\n\n<li>Licensing restrictions<\/li>\n\n\n\n<li>Errors &amp; Omissions insurance limitations<\/li>\n<\/ul>\n\n\n\n<h3 class=\"wp-block-heading\">3.7 Piracy and Unauthorized Exploitation<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">Unauthorized distribution may significantly impair revenues.<\/p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n\n\n\n<h2 class=\"wp-block-heading\">4. SPORTS AND ATHLETE-RELATED RISKS<\/h2>\n\n\n\n<h3 class=\"wp-block-heading\">4.1 Athlete Performance and Career Volatility<\/h3>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Performance unpredictability<\/li>\n\n\n\n<li>Career longevity risk<\/li>\n<\/ul>\n\n\n\n<h3 class=\"wp-block-heading\">4.2 Injury and Health Risk<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">Injuries may permanently impair earning potential.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">4.3 NIL (Name, Image, Likeness) Risks<\/h3>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Regulatory changes in NIL frameworks<\/li>\n\n\n\n<li>Contract enforceability challenges<\/li>\n\n\n\n<li>Conflicts with institutional or league rules<\/li>\n<\/ul>\n\n\n\n<h3 class=\"wp-block-heading\">4.4 League and Governing Body Risk<\/h3>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Rule changes<\/li>\n\n\n\n<li>Eligibility restrictions<\/li>\n\n\n\n<li>Disciplinary actions<\/li>\n<\/ul>\n\n\n\n<h3 class=\"wp-block-heading\">4.5 Reputation and Conduct Risk<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">Negative publicity may reduce commercial value.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">4.6 Media Rights and Revenue Volatility<\/h3>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Changing broadcast\/streaming economics<\/li>\n\n\n\n<li>Contract renegotiations<\/li>\n<\/ul>\n\n\n\n<h3 class=\"wp-block-heading\">4.7 Event Disruption Risk<\/h3>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Cancellations due to pandemics, labor disputes, or force majeure<\/li>\n<\/ul>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n\n\n\n<h2 class=\"wp-block-heading\">5. FUND STRUCTURE AND CONFLICTS OF INTEREST<\/h2>\n\n\n\n<ul class=\"wp-block-list\">\n<li>The Company may allocate opportunities among affiliated entities<\/li>\n\n\n\n<li>Managers may have\u00a0<strong>conflicts of interest<\/strong><\/li>\n\n\n\n<li>No obligation to present all opportunities to the Company<\/li>\n\n\n\n<li>Affiliates may receive fees, compensation, or participation<\/li>\n<\/ul>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n\n\n\n<h2 class=\"wp-block-heading\">6. ILLIQUIDITY AND TRANSFER RESTRICTIONS<\/h2>\n\n\n\n<ul class=\"wp-block-list\">\n<li>No public market exists for Interests<\/li>\n\n\n\n<li>Transfers are restricted<\/li>\n\n\n\n<li>Investors must be prepared for\u00a0<strong>long-term holding periods<\/strong><\/li>\n<\/ul>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n\n\n\n<h2 class=\"wp-block-heading\">7. TAX RISKS<\/h2>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Partnership tax treatment is complex<\/li>\n\n\n\n<li>Investors may incur taxable income without cash distributions<\/li>\n\n\n\n<li>Changes in tax law may adversely affect returns<\/li>\n<\/ul>\n\n\n\n<p class=\"wp-block-paragraph\">Investors should consult their own tax advisors.<\/p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n\n\n\n<h2 class=\"wp-block-heading\">8. INVESTOR SUITABILITY AND REG D REPRESENTATIONS<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">Each Investor represents that they:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Are an\u00a0<strong>\u201caccredited investor\u201d<\/strong>\u00a0as defined under Regulation D, or meet applicable suitability standards<\/li>\n\n\n\n<li>Have sufficient financial sophistication<\/li>\n\n\n\n<li>Can bear a\u00a0<strong>complete loss<\/strong><\/li>\n\n\n\n<li>Are acquiring Interests for investment purposes only<\/li>\n\n\n\n<li>Are not relying on general solicitation unless permitted under Rule 506(c)<\/li>\n<\/ul>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n\n\n\n<h2 class=\"wp-block-heading\">9. LIMITATION OF LIABILITY<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">To the fullest extent permitted by law, the Company and its managers, members, officers, employees, advisors, and affiliates (collectively, the \u201cCovered Parties\u201d) shall&nbsp;<strong>not be liable<\/strong>&nbsp;for:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Investment losses<\/li>\n\n\n\n<li>Failure of any project or venture<\/li>\n\n\n\n<li>Acts or omissions of third parties<\/li>\n\n\n\n<li>Market, industry, or regulatory changes<\/li>\n<\/ul>\n\n\n\n<p class=\"wp-block-paragraph\">No Covered Party shall be liable for&nbsp;<strong>indirect, incidental, consequential, special, or punitive damages<\/strong>.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Carve-Out:<\/strong>&nbsp;Nothing herein shall limit liability for:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Fraud<\/li>\n\n\n\n<li>Willful misconduct<\/li>\n\n\n\n<li>Gross negligence<\/li>\n\n\n\n<li>Any liability that cannot be waived under applicable law<\/li>\n<\/ul>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n\n\n\n<h2 class=\"wp-block-heading\">10. BROAD FORM INDEMNIFICATION<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">The Investor agrees to&nbsp;<strong>indemnify, defend, and hold harmless<\/strong>&nbsp;the Covered Parties from and against any and all claims, liabilities, damages, losses, costs, and expenses (including attorneys\u2019 fees) arising out of or relating to:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>The Investor\u2019s breach of any representation, warranty, or covenant<\/li>\n\n\n\n<li>Any false information provided by the Investor<\/li>\n\n\n\n<li>Any violation of securities laws by the Investor<\/li>\n\n\n\n<li>Any third-party claims arising from the Investor\u2019s actions<\/li>\n<\/ul>\n\n\n\n<p class=\"wp-block-paragraph\">This obligation:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Applies\u00a0<strong>to the fullest extent permitted by law<\/strong><\/li>\n\n\n\n<li>Includes\u00a0<strong>known and unknown claims<\/strong><\/li>\n\n\n\n<li>Survives withdrawal, dissolution, or termination<\/li>\n<\/ul>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n\n\n\n<h2 class=\"wp-block-heading\">11. NO FIDUCIARY DUTY (MAXIMUM EXTENT PERMITTED BY LAW)<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">The Company and Covered Parties shall&nbsp;<strong>not owe fiduciary duties<\/strong>&nbsp;to Investors except as required by non-waivable law.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Investors acknowledge:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Conflicts of interest may exist<\/li>\n\n\n\n<li>The Company may act in its own interests or those of affiliates<\/li>\n<\/ul>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n\n\n\n<h2 class=\"wp-block-heading\">12. FORWARD-LOOKING STATEMENTS<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">All projections are speculative and based on assumptions that may not materialize.<br>Actual results may differ materially.<\/p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n\n\n\n<h2 class=\"wp-block-heading\">13. NO LEGAL, TAX, OR INVESTMENT ADVICE<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">The Company does not provide personalized advice.<br>Investors must rely on their own advisors.<\/p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n\n\n\n<h2 class=\"wp-block-heading\">14. GOVERNING LAW; VENUE<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">This Agreement shall be governed by the laws of the State of California.<br>Venue shall lie exclusively in Los Angeles County, California.<\/p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n\n\n\n<h2 class=\"wp-block-heading\">15. ACKNOWLEDGMENT AND EXECUTION<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">By executing below, the Investor acknowledges that they:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Have received, read, and understood this document<\/li>\n\n\n\n<li>Understand the\u00a0<strong>high-risk, speculative nature<\/strong>\u00a0of the investment<\/li>\n\n\n\n<li>Accept all risks, including total loss<\/li>\n\n\n\n<li>Agree to all indemnification and limitation provisions<\/li>\n<\/ul>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n\n\n\n<h2 class=\"wp-block-heading\">EXHIBIT A \u2013 ILLUSTRATIVE FILM REVENUE WATERFALL (SIMPLIFIED)<\/h2>\n\n\n\n<ol class=\"wp-block-list\">\n<li>Gross Receipts<\/li>\n\n\n\n<li>Less: Distribution Fees (10\u201335%)<\/li>\n\n\n\n<li>Less: Distribution Expenses \/ P&amp;A<\/li>\n\n\n\n<li>Net Receipts<\/li>\n\n\n\n<li>Debt Repayment (if applicable)<\/li>\n\n\n\n<li>Investor Recoupment is a favorable 75%-25% of returns, until the investment is paid back, plus a 20% profit.<\/li>\n\n\n\n<li>Profit Split (e.g., 50\/50 after the investors achieve their initial funds back, plus a 20% profit. or as defined in operating agreement)<\/li>\n<\/ol>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n\n\n\n<h2 class=\"wp-block-heading\">EXHIBIT B \u2013 INVESTOR QUESTIONNAIRE (SUMMARY)<\/h2>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Accredited Investor Status<\/li>\n\n\n\n<li>Income \/ Net Worth Certification<\/li>\n\n\n\n<li>Investment Experience<\/li>\n\n\n\n<li>Risk Acknowledgment<\/li>\n\n\n\n<li>Source of Funds Certification<\/li>\n\n\n\n<li>Anti-Money Laundering (AML) Compliance<\/li>\n<\/ul>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n\n\n\n<h2 class=\"wp-block-heading\">EXHIBIT C \u2013 ADDITIONAL SPORTS\/NIL CONSIDERATIONS<\/h2>\n\n\n\n<ul class=\"wp-block-list\">\n<li>NIL contract enforceability varies by jurisdiction<\/li>\n\n\n\n<li>Collegiate and professional rules may conflict<\/li>\n\n\n\n<li>Revenue-sharing arrangements may be restricted<\/li>\n\n\n\n<li>Ongoing legal developments may materially affect outcomes<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>OFFERING \u2013 LEGAL NOTICE, RISK DISCLOSURE, \u00a0INDEMNIFICATION, AND INVESTOR REPRESENTATIONS AGREEMENTFilm Bite, Inc. 1332 Hermosa Avenue, Suite 14Hermosa Beach, California 90254 1. SECURITIES LAW NOTICE This document relates to (the \u201cOffering\u201d) of membership interests (the \u201cInterests\u201d) in\u00a0Film Bite, Inc. \u00a0(the \u201cCompany\u201d). The Interests: This document is&nbsp;confidential&nbsp;and may not be reproduced [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"parent":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"inspiro_page_layout":"narrow","inspiro_hide_title":false,"footnotes":""},"class_list":["post-31","page","type-page","status-publish","hentry"],"_links":{"self":[{"href":"https:\/\/filmbite.tv\/index.php\/wp-json\/wp\/v2\/pages\/31","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/filmbite.tv\/index.php\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/filmbite.tv\/index.php\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/filmbite.tv\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/filmbite.tv\/index.php\/wp-json\/wp\/v2\/comments?post=31"}],"version-history":[{"count":2,"href":"https:\/\/filmbite.tv\/index.php\/wp-json\/wp\/v2\/pages\/31\/revisions"}],"predecessor-version":[{"id":185,"href":"https:\/\/filmbite.tv\/index.php\/wp-json\/wp\/v2\/pages\/31\/revisions\/185"}],"wp:attachment":[{"href":"https:\/\/filmbite.tv\/index.php\/wp-json\/wp\/v2\/media?parent=31"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}