EFTA00593587.pdf

"ARBITRAGE" FINANCE PLAN 11.24.10 "SIMPLE" BREAKDOWN;) TOTAL CASH BUDGET ASSUME: 32 shoot days, nyc, dir provides (WHAT MOVIE COSTS TO MAKE) 9,500,000 key locations, no producer/writer/director fees FOREIGN SALES PRESALES (ASSUME WILL HIT) 7,771,500 AT AFM- beat take by 8%, assume 5% overall above estimates ACTUAL SALES TO DATE 4,387,000 Closed per attached chart REMAINING SALES 3,384,500 DEPOSITS 658,050 15% CLOSED LESS DEPOSITS (SOLD FOREIGN BASE) 3,728,950 BANK LOAN ON SOLO FOREIGN BASE 2,983,160 80% After discount and fees GAP LOAN ON REMAINING FOREIGN BASE 1,692,250 50% After discount and fees TOTAL FOREIGN LOAN FEES 514,295 11% FOREIGN LOAN PROCEEDS TO PRODUCTION 4,675,410 LEFT FOR EQUITY TO RECOUP FROM UNLOANED FOREIGN AFTER FEES 2,581,795 TAX CREDIT TAX CREDIT 1,995,000 21% Per Bob Salerno on NYS Tax Credit BANK LOAN ON TAX CREDIT 1,695,750 85% TAX LOAN FEES 169,575 10% TAX PROCEEDS TO PRODUCTION 1,496,250 75% After discount and fees LEFT FOR EQUITY TO RECOUP FROM UNLOANED TAX CREDIT AFTER FEES 129,675 ALL LOAN PROCEEDS TO PRODUCTION 6,171,660 DEPOSITS TO PRODUCTION 658,050 ALL PROCEEDS TO PRODUCTION 6,829,710 SALES FEES SALES COMMISSION 582,863 7.5% Lisa Wilson at Parlay/GK Films MARKET CHARGE 150,000 TOTAL SALES FEES 732,863 OTHER FEES WITHHOLDING TAXES (WHT) 77,715 1% COLLECTION ACOUNT (CAM) 77,715 1% RESIDUALS 233,145 3% TOTAL OTHER FEES 388,575 TOTAL FEES (SALES AND OTHER) 1,121,438 PROCEEDS LESS FEES (SALES AND OTHERS) 5,708,273 ADDITIONAL EQUITY NEEDED FOR BUDGET 3,791,728 EQUITY TOTAL EQUITY 3,791,728 EQUITY "A" COMMITTED 1,000,000 Nicholas Jarecki and Kevin Turen EQUITY "B" NEEDED 2,791,728 RECOUPMENT/PROFIT ASSUME US FIRESALE 1,081,422 DVD alone worth 2mm UNBORROWED FOREIGN & TAX PROCEEDS 2,711,470 TOTAL RECOUPMENT IF NO OVERAGES 3,792,892 Relatively secure break-even EFTA00593587