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THE REWARDS

Note! Rewards are subject to availability in each region. Prices and availability will depend on the level of sponsorship and the number of registered interested parties. Hence, price pools in each geographical zone will differ and will change from time to time, from one periodical quarter to another, from one country zone to another. Most of the prizes awarded will depend on the generosity of our sponsors, the number of participants and the running costs of each competition.
Colortape International will endeavor to raise the price pool to $1,000,000 by 2012 with your help! Help us grow our competition, please spread by the word of mouth. Thank you for your support.

Periodic Competition and Prizes.
In each short category price pools will vary according to a number of factor (be it either the main competition “0-60 Seconds Commercials Making Competition” or “Advertisement Short Films”, “Graphics Design Award”, “Animations” etc) we will try to reward as many as possible with at least an international certification and a nice incentive on top of that.

a. The Members of each geographical region (zone A, BC,D,E & F) will vote to elect twelve (12) semi-finalist in their respective zones in the “0-60 Seconds Commercials Making Shorts” category. Also the same rule applies to those entering in the “Short Films” category for each Periodic (Quarterly) Competition, and the Panel of Judges may also choose up to twelve (12) additional semi-finalists. Hence, if a 0-60 sec Commercial Short which you submitted is selected by popular vote as a semi-finalist, the Company will award you a winning prize that will be listed as an award at the time of the competition (see prizes link) and if a 0-60 Seconds Commercial Short which you submitted is selected as a semi-finalist by the Panel of Judges, Colortape International shall reward you with a price that will be available at that particular time in the zone’s price pool subject to Paragraph 9.c. of these Terms and Conditions. Cash prices subject to availability.

Also, in the “Advertisement Short Films” category, if a Short Film made Complies with the advertising criteria as per required “Theme” in the competition in the respective quarter, which you submitted, and if selected by popular vote as a semi-finalist, the Company will award you a winning prize that will be listed as an award at the time of the competition (see prizes link) and if your “Advertisement Short Film” which you submitted is selected as a semi-finalist by the Panel of Judges, Colortape International shall reward you with a price that will be available at that particular time in the zone’s price pool subject to Paragraph 9.c. of these Terms and Conditions. Cash prices subject to availability.

If you have been selected in either category (Commercial Short or Film Short respectively) and according to each corresponding geographical region (or zone – A,B,C,D,E & F) you may then compete in a final world wide competition by submitting a new short with a theme selected by one of the major sponsors which would meet the sponsor’s requirements and will be compiled by the sponsor’s own panel. A dedicated theme to suit the sponsor’s needs and requirements in the category you have just been selected from, be it either the “0-60 Seconds Commercial Making” competition and/or in the “Advertisement Short Films” category in that Periodic (Quarterly) Competition for every Short you submitted that was a semi-finalist for that Periodic (Quarterly) Competition.

Upon Acceptance of each such new ‘Short’ in their respective categories and subject to Paragraph 9.c. of these Terms and Conditions, the Company shall give you an award from the price pool available in your respective zone. From the submissions and subject to Paragraph 9.c. of these Terms and Conditions.

The World Wide jury panel which will be randomly pre-selected from each region (zone A or 1,B or 2,C or 3,D or 4,E or 5 & F or respectively zone 6) will choose

(i). a 1st place Winner and the
Company will award the winner a Grand Jury prize that will be available at the time of the selection from a pool of prices and a special Sponsor prizes comprised of either book(s), software(s), gadgets, voucher(s) or others. Subject to availability.
Note! subject to Paragraph 9.c. of these Terms and Conditions. Also as the winner you could score a freelance contract with one of the sponsors, if the sponsor is interested or looking for a freelancer.
Colortape International will act as a “human resources or third party consultant” in the negotiation process. Colortape International will be entitled to receive a certain percentage (commission based) of the total contract value from either party. Negotiable. Hint! Colortape International will endeavor to raise the price pool to $1million by year 2012 with your help

(ii). a Runner-Up
Company will award such runner-up a Jury prize that will be available at the time of the selection from a pool of prices and a special Sponsor prizes comprised of either book(s), software(s), gadgets, voucher(s) or others, Subject to availability. Also subject to Paragraph 9.c. of these Terms and Conditions. Also as a runner-up you could score a freelance contract with one of t the sponsors, if the sponsor is interested in contracting your services or is looking for a freelancer. Colortape International will act as a “human resources or third party consultant” in the negotiation process. Colortape International will be entitled to receive a certain percentage (commission based) of the total contract value from either party. Negotiable. Hint! Colortape International will endeavor to raise the price pool to $1million by year 2012 with your help!

In each short category be it either
“0-60 Seconds Commercials Making”,
“Advertisement Short Films”,
“Best/Most Effective Subliminal Advertising Idea“,
“0-60 Seconds Funniest Engrish Competition”,
“Best Short Commercial Script Idea”,
“Best 0-60 Seconds HD Logo Design”,
“Best 0-60 Seconds 3D-HD Animation”,
“Best 0-60 Seconds WAP (Mobile) Ads”,
” Best 0-60 Seconds iPOD Ads”,
” Best Storyboard based on a Script Idea”,
“Best Graphics Design”,
“Best Animations”
or any other………………….

(iii). For each Periodic (Quarterly) Competition, there will also be three “Wild Card Entry” winners selected as follows: In the “0-60 Seconds Commercials Making Shorts” Category one (1) Commercial Short will be selected based upon voting by the Members; one (1) Short will be selected by Company; and one (1) Short will be selected by one randomly selected members of the Jury, and one (1) Short will be selected by a randomly selected sponsor. Three (3) Wild Card Entry winners will each be allowed to compete in the Annual Competition. Upon Acceptance of a new Short for the Annual Competition submitted by a Wild Card Entry winner and subject to Paragraph 9.c. of these Terms and Conditions,

6. Annual Competition and Prizes.
“0-60 Seconds Commercial Making Short” following the Company’s Acceptance of such new “Short” as winners of the Annual Competition.

The winner shall be given the opportunity to work as a freelancer, or on subcontract basis, and to be involved in either the pre or post production of a new TV, DVD, Web, digital signage or any form of digital Commercial promotion (by making a new design, or through new development, modeling, filming, directing etc) shoot for the Company or its sponsors on terms and conditions determined by the Company.

“The Company” will award the winner a Grand Jury prize that will be available at the time of the selection from a pool of prices and a special Sponsor prizes comprised of either book(s), software(s), gadgets, voucher(s) or others. Subject to availability. Note! subject to Paragraph 9.c. of these Terms and Conditions.

Also as the winner you could score a freelance contract described “as above”.

Colortape International will act as a “human resources or third party consultant” in the negotiation process. Colortape International will be entitled to receive a certain percentage (commission based) of the total contract value from either party. Negotiable.
Hint! Colortape International will endeavor to raise the price pool to $1million by year 2012 with your help!

7.Compensation.
a. As full consideration for the grant of Rights, the Company will pay you a royalty equal to (i) Forty Percent (40%) of “Gross Receipts” (defined below) from such Rights minus (ii) the sum of (a) all expenses paid by the Company relating to the acquisition, development, production, or distribution of such Rights, (b) interest at Seven Percent (7%) on the amount of such expenses from the date incurred to the date of recoupment, and (c) a distribution fee to the Company equal to Thirty Percent (30%) of Gross Receipts.

b. “Gross Receipts” shall mean all nonrefundable cash revenues actually received by the Company attributable to the Rights, except that (i) only Twenty Two Percent (22%) of all video/DVD/VOD/WEB or similar revenue received by the Company shall be included in Gross Receipts, and the manufacturing and shipping costs relating to such revenue shall not be deducted; (ii) all membership fees and Short submission fees shall be excluded; and (iii) the revenue Company receives from advertising shall not be included in Gross Receipts unless such advertising revenue is specifically related to and generated by the Company’s exploitation of the Rights.

c. In the event that multiple Shorts are distributed as part of a compilation (e.g. Company puts fifteen (15) Shorts on a DVD and sells it to the public), the Twenty Two Percent (22%) royalty included in Gross Receipts shall be pro rated among those submitting such Shorts.

d. All payments shall be made ninety (90) days after the end of each financial quarter (accompanied by an accounting statement setting forth the calculation thereof), unless the total revenues due to you are less than Five Hundred Dollars (AUD) ($500), in which case payments shall be made on an annual basis.

e. In the event that you enter into an agreement with a party other than Company pursuant to which you are engaged to perform services on a series or other production based upon the Rights, you and Company agree that the terms of Paragraph 7.a. shall not apply to such exploitation of the Rights, but that the terms of Paragraph 7.a. shall continue to apply with respect to any other exploitation of the Rights.

8. Consequence of Invalid Submission. If a submission of a “0-60 Seconds Commercial Making Short” , “Advertisement Film Short” or any other shorts entered in any competitions mentioned “as above” are invalid for any reason, the Company will have the right, in its sole discretion, to implement one or more of any of the following sanctions:

a. Forfeiture of the submission fee or prize money for that submission.

b. Rejection or rescission of Acceptance and of the Short’s status as a semi-finalist, runner-up, special Jury and Sponsor prize winner, winner or Wild Card Entry winner of any Competition (in which case the remaining “Shorts” shall move up one place); or

c. Refusal to accept future submissions.

9. Competition Restrictions.
a. The Company reserves the right to cancel a Competition in the event that the Company determines, in its sole discretion, that there are an insufficient number of entries submitted for a Competition.

b. The Company reserves the right to restrict the right to vote in a Competition to those entering the Competition.

c. With respect to a winning Short, no prize or award money will be awarded, if not properly registered through the withoutabox (www.withoutabox.com) see Colortape International Competition for signing up facility and not prior the fee has been received, or if your entry has not been accepted and approved by Colortape International, or if no tracking number has been obtained through registration, or without submission of a technically acceptable master and appropriate tax and banking documentation, both as determined by the Company in its sole discretion.

d. Colortape International reserves all rights to cancel any competition at any time.




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