Medieval Attractions N.V - Page 43

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          Kissimmee, Florida.  A sales contract was signed to purchase the            
          Highway 192 parcel in October 1981.                                         
               The Spanish investors hired Chavez to assist with the                  
          Florida plans.  Chavez and his wife were heavily involved in the            
          preliminary development and organization of the Florida operation           
          and frequently represented the Spanish investors.  Chavez’s                 
          activities included buying land and looking for estimates,                  
          contractors, engineers, architects, attorneys, accountants, and             
          banks.  Chavez signed the contract to purchase the Florida land             
          for the castle and located Charles H. Parsons (Parsons), a                  
          Florida architect.  The land contract named the buyer as “an                
          Offshore Corporation to be formed”.                                         
               In 1982, Parsons traveled to the Don Pancho Hotel in Spain             
          to meet with several of the Spanish investors regarding the                 
          construction of the castle in Kissimmee.  Parsons viewed the                
          castle at Benidorm and was given preliminary drawings that a                
          Spanish architect had made of the Benidorm castle.  Chavez                  
          eventually signed the contract hiring Parsons.  The Spanish                 
          investors had several other meetings at the Don Pancho Hotel to             
          discuss the U.S. venture.  During one of these meetings,                    
          Santandreu promised the Spanish investors that the American                 
          company would compensate them for their work.                               
               The Spanish investors began to form several corporations to            
          develop the Florida project.  The first corporation, Inverspan,             
          was incorporated on November 19, 1981, in the Netherlands                   




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