Filing: Approval Of Special Purpose, Irish-Dom

Filing: Approval Of Special Purpose, Irish-Domiciled Entity




ITEM 1 - MINUTES OF THE BOARD OF DIRECTORS MEETING OF FEB. 3, 2014

A special meeting with proper notification of the Company's Board of Directors was held at 11:00 am on Monday, February 3, 2014 at the Company's principal headquarters in Springdale, Arkansas. The following minutes cover agenda items discussed, and where noted, acted upon by the Board of Directors.

1). APPROVAL OF SPECIAL PURPOSE, IRISH-DOMICILED ENTITY -
The Board reviewed a financing deal structure to facilitate the funding of up to $12-million dollars for the production of the fantasy feature film "Mother Goose: Journey To Utopia." In order to access some aspects of the funding that require certain components of "European Content" qualification, the formation of an E.U. based entity to perform some production functions related to this project
is indicated. The Board approved the formation of such an entity, and accepted the recommendation of Eric Parkinson to engage a Dublin-based law firm to facilitate the entity formation and the submission of the E.U. qualifying filings. The Board also discussed the other elements and funding sources that collectively will comprise the total production financing for this project. Details of the financing for this major production are planned for announcement and discussion at the Shareholder's Meeting, Feb. 21, 2014, with a market launch of the film at the Cannes Film Festival and Marche du Filme in May, 2014.