EFTA02685312

"ARBITRAGE" PROFORMA P / L REVENUE FOREIGN SALES Foreign Sales Closed Foreign Sales Remaining Total Foreign Sales DOMESTIC (net) NY TAX CREDIT Low High 4.387.000 3.465.000 7,852,000 2,250,000 1.950,000 4,387,000 4,422.000 8,809,000 4,250,000 1.950.000 Total Revenue 12,052,000 15,009,000 Less Production Loans Less Costs Marketing Fee Distribution Expenses Foreign Sales Fee (some already paid from deposits) Guild Residuals Foreign Withholding Tax Collection I Accounting Fees (6,694,875) 7.5% 5.6% 1.0% 0.6% 5,357,125 (75,000) (80.000) (309,141) (565,712) (78.520) (43.186) 8.314,125 (75,000) (80.000) (380,916) (731,304) (88.090) (48,450) (1,151.559) (1403.75°; Total Revenue net of Sales Costs 4,205,566 6,910,366 Equity Investment (3.200 000) O.200,001. Gross Profit 1,005,566 3,710,366 Equity Preferred Return 25% i 800.000 I Net Profit 205,566 2,910,366 EFTA_R1_02008749 EFTA02685312 Project: "Arbitrage" Director I Writer: Nicholas Jatecki Cast: N Patina. Susan Sarandon, Eva Green. Drake. Michelle Monaghan Producers! EPs: Laura Bickford. Robert Salerno, Kevin Turen, Brian Young Sales Agent: Parlay! GK Films US Distributor: TBD Guilds: DGA, WGA, SAG Bond Company: Film Finances (FFI) Location: NYC Start Date: 3/21/2011 Delivery Date (approx.) 5/1/2012 (thealncal deliverables) Production Budget: $9,642,846 Equity: $3.200.000 Foreign Sales to Date: $4,387,500 Available Tax Rebate: $1,950,000 Strike Price: $10,909,875 Financing Entity Instrument/Securitization USD (gross) % of Comm. Market/Dist, Finance Interest Production et(net( Strike Charge Reserve g 1 Equity Equity (125% ROI) $3,200.000 29% 50 S0I I $0 So SO 53.200,000 18/111O8 Product Placement 5300.000 3% 50 $O SO SO SO $300,000 Sakonnet New York Tax Credit (year 1 (aT .82, year 2 © .74) $1,950,000 18% $0 SO $429,000 $0 SO $1,521,000 Deposits Junes Loan (gap) Foreign Deposits Secured against all unsold foreign territories (200% coverage) $715.000 $1.729.750 7% 16% $0 50 $1 SO $0 S69,190 $0 SO SO $0 5715.000 51.660.560 Senior Loan (presale) Secured against all foreign contracts (net of deposits) $3.015.125 28% $279,759 575.0Cf.: $83.035 5306.044 5100.000 52.246.286 $10,909,875 100.00% $279,759 $75,000 $581,225 $308,044 $100,000 $9,642,846 E FTA_R1_02008750 EFTA02685313 EXHIBIT A Film Tee: Arbitrage Production Budget $9.642.846 Run Date: 12/6110 I COMPLETED SALES 8 INITIAL DEPOSITS Category C 85% Abbreviations: EX=Executco of Contracl SP=Starl of pulpy' CP=Completion of PeepPal NOD=Nolice of Delivery TA=Technical Acceptance TH. US Theatrical Release VD= US Video Release PD= Physical De;were Territory Distributor Contract Contract Tamp Amount Deposits C4699.7 C Category C Available Collateral Required Advil,* Payments 6 Closing Rabe Financed 5 - $ 85% $ TOTAL CATEGORY A DEPOSITS REQUIRED: I $ ' I TOTAL CATEGORY A PAymENTS FINANCED. I $ - I Category C & D I I I I I I Territory Distributor Contract Contract Terms Amount Deposits Category 0 Category D Available collateral Required Advance Payments 29 Closing Rate Financed Airlines 180 Australia TBD Benelux 113D Brazil Swim Eastern Europe SPI CIS/Baltic States MGN Franca Metropolitan Germany/Austria Wed Bunch Greece Italia Italy 780 Japan TBD Mexico/Lai Arn/Cen Am W/Brazfl Middle East Italia Portugal 1BD Scandinavia Svensk South Africa TBO South Korea 180 Spain Tnpics United KInclom TBD 20% EX. eta NOD $ 20% EX. 00% NOD $ 20% EX. 00% NO0 $ 20% EX. 00% NOD $ 20% EX. 00% NOD $ 20% EX. GO% NOD 5 10% ERIOXTN30•471410%v17 5 to% Exriven0Doolael S 20% EX 00% N30 $ 20% EX. 00% NOD 5 20% EX 00% NOD $ 5 20% EX to% NOD $ 20% EX. 00% NOD $ 20% EX. so% NOD $ 20% EX. 00% 1100 $ 2o% Ex 00% NO0 $ 20% EX. 00% NOD . S 20% EX. 00% NW S • • - .",, . 115.000 85% 70.000 80% 80.000 80% 57.500 85% 105.0203 85% 30.000 80% - 80% - 80% - 85% 30.000 80% - 85% 70.000 85% • 80% - 85% 75.000 80% - 8$% $ $ • $ - - S 391.000 S 69.000 $ 224.000 $ 56.000 5 256.000 S 64.000 S 439675 S 77,625 803.250 S 141.750 96,000 $ 24.000 - • • - - 96.000 $ 24.000 - 238.000 S 42.000 • - - 5 240.000 S 60.000 $ - $ 558.375 TOTAL CATEGORY D DEPOSITS REQUIRED: I $ 632.500 I TOTAL CATEGORY D PAYMENTS FINANCED: I $ 2.184.125I I Category I E I I I I I Territory Distributor Contract Contract Terms Amount Deposits Category E Category E Available Collateral Required Advance Payments et Closing Rate Financed China ODOroam Indonesia TIM Hong Kong 180 Israel TBD Iceland Myndform TOD South Korea TOD Pakistaranditrari Lanka Italia 20% ex. BO% TA S 45.000 S 20% Ex. 00% NOD $ • $ 20% Ex. s0% NOD S - 5 20% EX. 00% NOCi $ - $ 20% EX. 00% NO0 $ 7.500 $ 2o% EX. so% NO0 $ - $ 20% Ex 00% NOD S - $ 20% EX. 00% NOD 5 25.000 $ 9.003 $ 25.200 $ 10.800 $ • • $ - - • $ • 1.500 $ 4.200 S 1.800 $ • - 5.000 S 14 000 S 6.000 EFTA_R1_02008751 EFTA02685314 EXHIBIT A Pan A,1:1 S.11 TBD 20% EX. Be% NOD $ • Pornryal Pns 20% Ex. B0% NOD 7.00) 19,600 $ 8.400 Switzerland Ascot 20% EX. ea% NOD $ 20.000 56.000 24.000 Trriatan SSG 20% EX. SC% NOD $ 20.000 56.000 24.000 Thatrand TBD 20% Ex. NA NOD $ • $ Turkey Plnema 20% EX. BO% NOD 20.000 56.000 S 24,000 TOTAL CATEGORY E DEPOSITS REQUIRED. I S 82,500 $99,000 TOTAL CATEGORY E PAYMENTS FINANCED: I $ 231,000 I II. REMAINING ESTIMATES: %04 Discounted Primary Territory Ask 671knals Tab Estlenat• Budget Collateral Value Airline $ 165.000 110.000 Japan 550000 275 000 United Kingdom (6 Maland) 1,430.000 1,265 000 Benelux 412 503 357 500 Italy 715.000 577,500 Australia 467 500 385 000 South Africa 55000 44 000 South Korea 720 OCC. ' 65 000 $ 4,015.000 3.179.000 2,54 ,200 % of Discounted Territory Ask Estimate Take Estimate Budget Collateral Value Pan Asia Sat Hong Kong 55 CCC 1.11 Indonesia 82.500 55.000 Isreal 16 503 S 11.000 Philippine; 22,000 11000 Malaysia 38 SCO 27 500 Thailand S Ile xcii5 82.503 I $ 407.000 I $ 280,5001 224,400 Total Unsold Termones 4,422,000 3.469.500 III. TERM SHEET CALCULATIONS Total Budget 10,201,116 Less: New York StateiNew York City (1.521,000) Intel Contract Deposits (715.000) Equity Contribution ( I sl position aganst Domestic Rights: 2nd position agams1 Foreign Rights) (3,500.0001 Loan Commitment Amount (Inclusive of Lender Reserve) 4,465.116 Commitment Fee (1.75% of Commitment Amami) 1.75% $ 83,035 Gap Fee 0 4.0% 4% $ 69.190 Legal Reserve $ 100,000 Estimated Initial Interest Reserve (0x3.50%)' 18 months 6.45% : 306,044 Lender Reserve: 558,270 Total Category A Payments Financed: Total Category D Payments Financed: 2.764.125 Total Category E Payments Financed: 23000 Assumed Collateral Value of Acceptable Contracts @ Loan Closing 3,015,125 Gap Amount Financed @ 200% Coverage 1,729,750 Total Loan Commitment Amount (Collateral Value of Contracts • Gap Amount) 4.744.675 EFTA_R1_02008752 EFTA02685315