What is the Strike Price?

The strike price is an amount specified in the completion bond that represents the total costs that you and UniFi determine will be needed to produce, complete and deliver your production. The strike price includes (1) the budgeted above-the-line and below-the-line costs including union fringes and insurance costs, (2) an appropriate contingency allowance that you and UniFi agree upon, and (3) the fee or premium that is payable to UniFi. Under the terms of the Completion Guaranty, the Completion Guarantor has no liability if your financiers and investors fail to make the full amount of the strike price available for you to produce, complete and deliver your production in accordance with a pre-approved cash flow schedule.