April 8, 1939
THIS AGREEMENT AND RELEASE made and entered into this 8th day of April, 1939, by and between STAN LAUREL, hereinafter sometimes called "LAUREL", STAN LAUREL PRODOCT!ONS, INC., a corporation, hereinafter sometimes called "PRODOCT!ONS", First Parties, and HAL ROACH STUDIOS, INC., a corporation, hereinafter sometimes called "STODIOS", Second Party,
WITNESSETH:
There is now pending aact1on No. 434444 in the Superior Court of the State of California, in and for the County of Los Angeles, entitled: Stan Laurel and Stan Laurel Productions, Inc., a corporation, Plaintiffs, vs. Hal Roach Studios, Inc., a corporation, Defendant. The parties desire to compromise that litigation and to that end agree as follows:
(1) The contract referred to in said action is hereby cancelled.
(2) Concurrently herewith, plaintiffs in said action have delivered to defendant in said action a dismissal with prejudice, to be filed by defendant forthwith.
(3) LAUREL and PRODUCTIONS, jointly and severally, release STUDIOS from any and all claims which they or either of them have against STUDIOS, except claims under the agreement hereinafter mentioned. STUDIOS hereby release LAUREL and PRODUCTIONS, and each of them, from any and all claims which STUDIOS has against them, or either or them, except claims under the agreement hereinafter mentioned.
(4) Concurrently herewith, STUDIOS has paid LAUREL the sum or five thousand dollars ($5,000.00), and concurrently herewith STUDIOS is delivering to Benjamin W. Shipman a note in his favor, 'for thirty-five thousand dollars, which said note is delivered to said Benjamin W. Shipman as a part of the settlement of said litigation and in consideration thereof. Nothing hereinbefore contained shall be deemed to be a release of said note.
(5) STUDIOS agrees that no claim, defense, judgment or other matters affecting Stan Laurel may be used as an off-set, counter-claim or defense against said promissory note for thirty-five thousand dollars ($35,000.00), and said note will be enforceable no matter what the disposition may be of the contract mentioned in the next succeeding paragraph.
(6) Concurrently herewith, STUDIOS has entered into an agreement with LAUREL, dated April 8th. 1939, for the performance of services by LAUREL for the STUDIOS for a term of one (1) year.
IN WITNESS WHEREOF, the parties have executed this agreement the day and year first above written.
STAN LAUREL
STAN LAUREL PRODUCTIONS, INC.
President
First Parties
HAL ROACH STUDIOS, INC.
By FRANK ROSS, President
MAT D. O'BRIEN, Secty.
Second Party
April 8, 1939
OLIVER N. HARDY,
c/o Hul Rouch Studios, Inc.
8822 Washington Blvd.,
Culver City, California
Dear Sir:
This will serve to evidence our understanding in connection with an amendment to the contract dated November 15th, 1933, und the amendment thereof of August 2nd, 1938, between the undersigned HAL RDACH STUDIOS, INC. and yourself, and having to do with the matter of rendition of services by you.
FIRST: It is agreed that the present term thereof which expires November 12th, 1939, is extended to and including the 5th of April, 1940.
SECOND: It is hereby agreed that all option periods are cancelled.
THIRD: It is agreed that all of the terms (including rate of weekly compensation) of said contract and as modified by said agreement of August 2nd, 1938, shall be in full force and effect, except only as herein set forth.
FOURTH: It is agreed that the STUDIOS cannot require the ARTIST to appear in radio, or radio programs unless his approval is first obtained thereto.
FIFTH: It is agreed that no part of the lay-off shall be taken from date hereof until commencing on or after May 12th, 1939, and between May 12th and ending on November 12th, 1939, STUDIOS shall be entitled, if desired, to take six weeks lay-off in the manner specified in the agreements (of November 15th, 1933 and August 2nd, 1938) between the parties and after November 12th, 1939 until the end of the term of the contract STUDIOS shall be entitled, at its option, to take five weeks of such lay-offs.
HAL ROACH STUDIOS, INC.
By Frank Ross
Vice-President
By Mat D. O'Brien
Secretary
ACCEPTED, APPROVED AND AGREED TO: