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X. Distribution Agreements ............................. 76
A. The TroMetro Distribution Agreement ............. 76
B. The Troma Distribution Agreement ................ 77
C. Troma Entertainment, Inc. ....................... 77
D. Troma’s Distribution of the EBD Film Library .... 78
1. Distribution History ........................ 78
2. Distribution Revenue and Expenses ........... 79
XI. Transactions with Imperial Credit Industries, Inc. .. 80
A. Imperial Credit Industries, Inc. ................ 80
B. Shopping for Tax Deals .......................... 81
C. Proposed Transaction with SMP ................... 82
D. Proposed Transaction with Corona ................ 84
1. Formation of Corona Film Finance
Fund, LLC ................................... 84
2. The Corona Transaction ...................... 85
3. Initial Purchase of SMP’s Interest
in Corona ................................... 88
4. Additional Purchase of SMP’s Interest
in Corona ................................... 89
5. Sale of the $79 Million Receivable .......... 91
6. Imperial’s Capital Contribution ..... ....... 92
7. Treasury Bills ........................ ..... 93
XII. Subsequent Transactions Involving TroMetro
and Troma .......................................... 93
A. Capital Contribution Agreement ................. 93
B. Assumption Agreement ........................... 94
C. Transfer and Assignment of the Carolco
Securities ..................................... 94
D. SMHC and Troma Merger .......................... 94
1. SMHC Merges into Troma ..................... 94
2. SMHC’s Dissolution ......................... 95
3. Tax Return Treatment of the Transaction .... 95
4. Termination of the Distribution
Agreements ................................. 96
E. Letter Agreement with TroMetro ................. 97
F. Troma Finance, LLC ............................. 97
XIII. Business Characteristics of SMP, Corona, and SMHC .. 98
A. SMP ............................................ 98
B. Corona ......................................... 99
C. SMHC ........................................... 99
XIV. Partnership Tax Returns ............................ 99
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Last modified: May 25, 2011