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EFFECTIVENESS OF EXHIBITS "A", "C" , “D” and “E”: Concurrently with the execution of this agreement Owner and Purchaser have executed Exhibits A (Literary Purchase Agreement), C (Assignment of Copyright), D (Director’s Agreement) and E (Appendix 1 to Director’s Agreement) which are undated, and it is agreed that if Purchaser shall exercise the option (including without limitation payment of the Purchase Price pursuant hereto, but not otherwise, the signature of Owner to Exhibits A and C shall be deemed to be effective and these Exhibits shall constitute valid and binding agreements effective as of the date of such exercise of such option, and Purchaser is hereby authorized and empowered to insert the date on such instruments accordingly. If Purchaser shall fail to exercise the option (including payment of the Purchase Price pursuant hereto), then Exhibits A, C , D and E shall be void and of no further force or effect whatever, and Purchaser shall not be deemed to have acquired any rights in or to the Property and, upon Owner’s request therefore, Purchaser shall promptly return to Owner all originals and copies of said exhibits. If Purchaser exercises the option, Purchaser will enter the date of exercise, execute and deliver to Owner copies of Exhibit A, C, D and E, dated as of the date of the exercise of the option, and Owner will, if so requested by Purchaser, execute and deliver to Purchaser additional signed copies of Exhibits A, C, D and E. Notwithstanding the failure or omission of either party to execute and/or deliver such additional documents, it is agreed that upon the exercise of the option by Purchaser (including payment of the Purchase Price pursuant hereto) all rights in and to the Property agreed to be transferred to Purchaser pursuant to the provisions of Exhibit A shall be deemed vested in Purchaser, effective as of the date of exercise of the option (including payment of the Purchase Price pursuant hereto).