"ARBITRAGE" - INVESTMENT SUMMARY Arbitrage, LLC, a Delaware limited liability company, seeks an investment of $2,700,000 to capitalize the production of "Arbitrage," a feature-film starring Al Pacino, Drake, Eva Green, and Susan Sarandon, written and to be directed by Nicholas Jarecki, beginning principal photography March 21, 2011 in New York City. The term of the investment will be approximately 18 months beginning on January 10, 2011. The investor recoups their principal amount, as well as a 25% preferred payment. The investor will then receive 30% of ongoing net revenues from the picture's exploitation over its commercial life. The investment will be secured by the picture negative, which will be produced for a total cash cost of $9,642,846. The picture will be bonded by Film Finances, Inc., the world's largest motion-picture guarantor (backed by the Lloyd's of London.) This guarantees delivery of the picture on budget and schedule. REVENUE SOURCES: FOREIGN SALES Our foreign sales agent Lisa Wilson at Parlay / GK Films has already made substantial foreign sales, exceeding her initial pre-sale projections by 10%. Current foreign sales are $4,387,000. Further sales for remaining territories are estimated between $3,465,000 and $4,422,000. The estimates for these sales were computed using the same method as those that were used for the initial sales. These further sales will be made at markets (Cannes, Berlin) after the picture has begun production and generated viewable footage, as well as at distributor screenings upon completion of the picture. Total foreign sales are projected between $7,852,500 and $8,809,500 TAX CREDITS New York State and New York City provide a combined tax incentive of 35% on non- talent ("Above the Line") expenditures to film producers. Based on our film's cash budget ($9,644,000) we expect a rebate of $1,995,000. US SALES Upon completion, the picture will be shown to film distributors in the United States. Our