- 76 -
cash payment TroMetro ever made on the $2,284,000 TroMetro note.
On December 21, 1998, TroMetro paid SMP $150,000 pursuant to the
second note purchase agreement. TroMetro never made any
additional cash payments on the $1.25 million TroMetro note.
X. Distribution Agreements
In 1997, SMHC entered into a distribution agreement with
TroMetro which, in turn, entered into a distribution agreement
with Troma. The distribution agreements covered a portion of the
EBD film library and several of SMHC’s acquired libraries.
A. The TroMetro Distribution Agreement
As of December 23, 1997, SMHC and TroMetro entered into a
distribution agreement (the TroMetro distribution agreement).
Pursuant to this agreement, SMHC gave TroMetro a license to
distribute 33 of the 65 film titles within the EBD film library,
as well as the “Wisdom” library and the “City Lights” library.47
TroMetro never paid any royalties to SMHC pursuant to the
TroMetro distribution agreement.
47 The 33 film titles from the EBD film library were:
“Astro Zombies”, “Auditions”, “Avenger”, “Banana Monster”,
“Battle of the Last Panzer”, “Battle of the Valiant”, “The
Beast”, “Blood Brothers”, “Blood Castle”, “Carthage in Flames”,
“Cold Steel for Tortuga”, “Dual of Champions”, “Escape From
Hell”, “Fear”, “Fist of Fear, Touch of Death”, “Headless Eyes”,
“Invincible Gladiators”, “Return of the Conqueror”, “Return of
the Zombies”, “SS Experimental Love Camp”, “The Sword and the
Cross”, “Tiger of the Seven Seas”, “Tormentor”, “White Slave”,
“Octavia”, “Platypus Cove”, “Hullabaloo Over Georgia”, “To Love
Again”, “This Time I’ll Make You Rich”, “Danger Zone”,
“Sidewinder One”, “Ninja Showdown”, and “Ninja Squad”.
Page: Previous 66 67 68 69 70 71 72 73 74 75 76 77 78 79 80 81 82 83 84 85 NextLast modified: May 25, 2011