Licensing contract/release for Documentary

I've been approached (via email) by a person purportedly representing Dakota Pictures (Peter Margolis project) -  who are currently making a documentary on the life of Randy Rhoads (late guitarist for Ozzy Osbourne).  I was wanting to get opinions from any of you on the contract language and whether any of it would/could be of a "rights grabbing" nature.

Below is the release I was sent, after requesting to see the language:

PHOTOGRAPHY/ARTWORK/PROPS/SET DRESSING RELEASE

The undersigned hereby grants DAKOTA PICTURES (“DP”) its successors, assigns and licensees, permission to use the material described below (the “Property”) for use as photography, props and/or set dressing in the television series and/or production tentatively entitled __________________________________ (the “Show”).

Property:__________________________________________
__________________________________________________
__________________________________________________

For good and valuable consideration, the undersigned hereby irrevocably grants to DP the right to distribute, exhibit or otherwise exploit the Property in the Show, any related advertising, marketing and promotion of the Show, and in any related or derivative versions or uses of the Show, in all media now known or hereafter developed throughout the universe in perpetuity.

The undersigned represents and warrants: (i) that it has the full right and authority, either as owner or as agent of the owner, to grant such permission to ILP in this agreement, (ii) that the Property is free and clear of any liens or other third party claims, (iii) that such use as authorized herein will not give rise to any claims of infringement, invasion of privacy or publicity, claims for payment of any monies such as re-use fees or residuals, any or other claims, and (iv) that no other third party permissions or licenses are required with such use.  The undersigned agrees to indemnify, defend and hold DP, its licensees and assigns harmless from and against any claims, damages or expenses (including reasonable costs and attorney’s fees) arising out of a breach or alleged breach of the representations or warranties provided herein.  Finally, because of editing and other factors, the undersigned acknowledges that DP has no obligation to use such Property in the Show, and that it may use such Property in its sole discretion.  In no event shall the undersigned have the right to enjoin the development, production, distribution, or exploitation of the Show.  DP may transfer and assign this agreement or all or any of its rights or privileges hereunder to any entity or individual without restriction.  This agreement shall be binding on all of the undersigned’s successors-in-interest and heirs.  This agreement, its validity, construction and effect shall be governed by the laws of the State of California. The parties hereto agree to submit to jurisdiction in the State of California.

(Thanks in advance for any input you can give me on this particular subject.)