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