Medieval Attractions N.V - Page 105

                                       - 52 -                                         
                                        1988                   1989                   
          Futureprom N.V.               $  786,085          $1,678,138                
          Lince N.V.                    1,172,763           3,735,209                 
               Manver International, C.V. (MICV), and Manver Global, B.V.,            
          were incorporated in 1990.  Santandreu and Onate were members of            
          MICV’s Executive Committee.  Lince and Futureprom each owned                
          48.5 percent of MICV stock.  A document dated October 17, 1990,             
          purported to transfer from Manver to MICV:                                  
               all world wide rights to the intellectual property and                 
               franchising rights with respect to the idea, concept                   
               and Operating Manuals concerning a Dinner and                          
               Tournament Show Restaurant in medieval style and/or                    
               villa’s Medieval style under the names “Medieval Times”                
               and/or “Medieval Life”, and all related rights                         
               including but not limited to trademarks, tradenames,                   
               copyrights, goodwill, licenses and physical ownership                  
               of documents embodying any right of intellectual                       
               property and franchising rights etc., hereinafter                      
               referred to as “The Intellectual Property” * * *                       
               In consideration of the sale, MICV agreed to pay to Manver             
          $64.1 million by “way of two promissory notes which will be                 
          issued upon signature of this agreement.”  The document was                 
          signed by Onate for Manver and by Santandreu for MICV.                      
          Subsequently, a 1990 financial statement for MICV reflected a               
          $64.1-million note payable.  In 1991, the $64.1 million was                 
          reflected as capital stock.                                                 
          VI.  Trademarks and Copyrights                                              
               In December 1982, Castro filed an application for a post               
          office box in Kissimmee, Florida, in the name of Medieval Times.            
          The name Medieval Times had not been used previously in the                 





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