- 22 -
property to fit a medieval theme even though it would be
dissimilar to the Florida castle. The reassessment of expenses
helped persuade the Spanish investors to proceed in California.
A. Gelabert signed the contract to purchase the KDS property
on December 4, 1985. Taylor did not meet with any of the Spanish
investors until January 1986. Expenses incurred by Santandreu,
Segui, J. Montaner, and Kahne in connection with investigating
the California castle were paid by MTNV.
The same type of corporate organization was used to operate
the California castle as the Florida castle. On December 30,
1985, Calinvest, N.V. (Calinvest), was incorporated in the
Netherlands Antilles. The purpose of Calinvest was to own the
land and building used for the California castle. On
December 31, 1985, MANV was incorporated for the purpose of
operating the Buena Park castle. The shareholders of Calinvest
and MANV were as follows:
Interest Interest
Name in MANV in Calinvest
Dapy (Kahne1) 12% 17%
Holiday (Segui1) 12% 17%
Primavert (Santandreu1) 12% 20%
Promidux (P. Montaner1) 12% 17%
Roundabout (Santandreu1) 12% 17%
Spectrust (Valiente1) 5% 5%
Wayout (Climent1) 5% 5%
Royal Catering (A. Gelabert1) 5% 2%
Estaspan, Ltd. 5% -
Santandreu 5% -
J. Montaner 5% -
Segui 5% -
Kahne 5% -
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