- 5 -
called Techno Sport Toboggan. Petitioner entered into the lease
transaction under the entity name B.B.B., Ltd. Petitioner had a
30-percent interest in the lease. The lease required an initial
payment of $15,000; petitioner's portion totaled $4,500.
Petitioner executed a promissory note in the amount of $4,500 for
his participation under the lease agreement.
Also on December 20, 1983, petitioner entered into a
Computer Program Employment Agreement (agreement) with ALA
Enterprises, Inc. (ALA), providing for distribution of Techno
Sport Toboggan. The agreement provided that ALA manufacture 500
copies of the video game for an advance payment of $3,900.
Petitioner's share of that payment totaled $1,170.
On December 23, 1983, petitioner entered into an equipment
lease with Century for the lease of a master video called
Monsoon. Petitioner entered into the lease transaction through
the entity name BAYS Enterprises, Ltd. (BAYS). The lease
required an initial payment of $15,000; petitioner's portion of
that payment totaled $1,250. Petitioner executed a promissory
note in the amount of $1,250 for his participation under the
lease agreement.
Also on December 23, 1983, petitioner entered into a
Computer Program Employment Agreement (agreement) with ALA
Enterprises, Inc. (ALA), providing for distribution of Monsoon.
The terms are identical to those under the agreement covering
Techno Sport Toboggan.
Page: Previous 1 2 3 4 5 6 7 8 9 10 11 12 13 14 Next
Last modified: May 25, 2011