Hannover House, Inc. has entered into an international financing and distribution agreement with Belle Starr, Inc., to cover the production and releasing costs for the motion picture production, 'The Legend of Belle Starr'. The production costs for the film are estimated at $3.5 million (inclusive of fees, contingency, interest and bond), and the 'initial theatrical releasing' costs for the film have been budgeted at $1.5 million (supporting a 600-screen, USA theatrical launch). Under the terms of the agreement, Belle Starr, Inc. will be solely responsible for the funding of the film's production and releasing costs.

Hannover House will handle worldwide sales representation, distribution and licensing of the film under a performance-based sales agency agreement; but Hannover House will be required to defer one-half of its customary sales agency fees until the production and releasing costs have been fully recouped for Belle Starr, Inc. At such point in time that Belle Starr, Inc. shall have received back all principal investments, plus interest and 20% return, thereafter, ownership of the film shall be assigned over to vest with Hannover House, subject to ongoing profit participations due to Belle Starr, Inc. and principal talent participants in the film.