For the purposes of this Contract, Ralph Fiennes satisfies the Payout Criterion if either:

Official Announcement: Ralph Fiennes is officially announced, confirmed, or publicly credited as cast to perform M in the next James Bond film, regardless of whether the performance ultimately occurs; OR

Actual Performance: Ralph Fiennes appears on stage, on screen, or in recorded content as M in any official performance, showing, or release of the next James Bond film.

Additional clarification(s):

If the next James Bond film is entirely cancelled or abandoned before any official performance or release occurs, but Ralph Fiennes was officially announced in M, the Contract will resolve to “Yes.”

If multiple people are announced for M (e.g., alternating cast, dual casting), and Ralph Fiennes is among them, the Contract will resolve to “Yes.” [b][c]

The Contract may resolve to “No” prior to the Expiration Date if: (a) the next James Bond film is cancelled or completes its run without Ralph Fiennes being announced or performing in M, or (b) another person is officially announced as the sole exclusive performer for M.