Medieval Attractions N.V - Page 98

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               The management agreement between Eurotor and MANV was dated            
          February 1, 1986, and named as representatives A. Gelabert for              
          MANV and Segui for Eurotor.  It did not mention any of the other            
          agreements but provided for the same arrangement, i.e., 2 percent           
          of gross production with a 1-year duration.  The services that              
          Eurotor was to provide were the same as in the agreement with               
          MTNV.                                                                       
               There were additional documents related to TM, Eurotor,                
          Gatetown, and Manver that were dated 1986 but not provided to C&L           
          in 1986.  There were also documents dated 1986 that were actually           
          drafted sometime during 1987 and later.  Two documents, both in             
          Spanish, reflect a sale by TM to Gatetown of the Medieval Times             
          formula.  TM was to deliver, pursuant to the sale, the name,                
          trademark, and handbook of the formula to Gatetown.  The two                
          documents are virtually identical in language and terms, and both           
          are dated March 1, 1986.  The only difference is that one                   
          document reflects a sales price of $7,312 and is signed by Mayol            
          for Manver and by J. Montaner for TM.  The other document                   
          reflects a sales price of 3,000,000 pesetas (approximately                  
          $26,000) and was not signed.  The language in both documents,               
          except for the sales price, was the same language in the document           
          provided to C&L on December 12, 1986, that purported to represent           
          a sale of the Medieval Times formula from TM to Manver for                  
          1,000,000 pesetas.                                                          






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