Medieval Attractions N.V - Page 10

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          horseback, and jousting.  The show resembled scenes from the                
          movie “El Cid”, which J. Montaner had seen prior to creating the            
          show.  The show was run by the corporation, and J. Montaner was a           
          minority shareholder.                                                       
               Jaime Climent (Climent) had several businesses in Benidorm,            
          Spain, including a barbeque restaurant with seating for 2,000               
          people, called Rancho Grande.  Climent was familiar with                    
          J. Montaner’s show and wanted to bring it to Benidorm.  Climent             
          contacted J. Montaner, and they agreed to open a show in                    
          Benidorm.  On January 25, 1977, Torneo Medieval, S.A. (TM), was             
          incorporated in Spain.  The initial shareholders of TM were                 
          Climent, 45 percent; J. Montaner, 13 percent; Juan Colom                    
          Valcaneras, 15 percent; Juan-Pedro Rousselet Barbaud (Rousselet),           
          15 percent; and Bosch, 12 percent.  TM operated a medieval theme            
          dinner theater in Benidorm in a castle known as Castell Comte               
          D’Alfaz.                                                                    
               Some of the Son Termens employees were transferred to                  
          Benidorm to assist with opening the show.  The Benidorm show was            
          similar to the Son Termens show, and, over time, innovations were           
          incorporated into the Benidorm show.  The show in Benidorm became           
          profitable 2 to 3 years after it began operating.  Neither                  
          J. Montaner, his sisters, nor the other shareholders of                     
          Son Termens, S.A., were compensated by TM for the use of the                
          medieval dinner show concept.                                               






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