Maxim demanded more expensive product...... Maxim was paid well!

PAYMENT SCHEDULE

	A	B	C	D	E
1	Analysis of Payment to:
2	"Dennis Publishing Group"
3	"Alpha Media Group"
4	License Agreement dated November 26, 2006
5	First Amendment Agreement dated April 30th, 2007
6
7	DATE	AMOUNT	DESCRIPTION	Contract Section	Comment
8	12/13/06	$100,000.00	Maxim Licensing Fee	4.1 Initial License Fee	Non-Refundable
9	4/18/07	$25,000.00	Maxim Licensing Fee	4.2 Royalty Advance	Non-Refundable
10	5/30/07	$25,000.00	Maxim Licensing Fee	4.2 Royalty Advance	Non-Refundable
11	7/11/07	$50,000.00	Maxim Licensing Fee	3.0 Amendment Fee	Non-Refundable
12	TOTAL	$200,000.00	TOTAL ROYALTY FEES PAID
13
14	Need to Confirm	$140,641.00	Maxim Bunglaows - Cofresi	4.3b/4 Real Estate Royalty	Royalty Paid
15	5/16/08	$124,223.00	Maxim Bungalows - Cofresi	4.3b/4 Real Estate Royalty	Royalty Paid
16	5/16/08	$105,878.00	Maxim Bungalows - Juan Dolio	4.3b/4 Real Estate Royalty	Royalty Paid
17		$370,742.00	TOTAL REAL ESTATE ROYALTY FEE PAID
18
19	Note:	-	July 1, 2007 to June 30, 2008 Minimum requirement	4.4 Guaranteed Minimum	$300,000
20
21	4/25/07	$1,700.00	Yacht Name Change "Independence" to "Maxim"	1.13/2	Name Change Fee
22	6/13/07	$64.65	Maxim decals for Yacht	1.13	Identification Maxim
23	7/25/07	$1,500.00	Yacht Name Change "Maxim" to "Independence	2. Amendment 1	Name Change Fee
24		$3,264.65	TOTAL YACHT EXPENSES RELATING TO MAXIM
25
26	5/26/08	$9,500.00	Maxim Magazine - Stitch In Cards	Not Included in Contract	Advertising
27
28	??	$48,533.98	Liability Insurance Premium - $20,000,000	1.12/ Insurance
29
30		????????	Legal Fees - Gardiner-Roberts, LLP	Requested Amount
31
32	Note:	-	Contract Term November 2006 to June 2017	3.1 Term of Agreement	Options for |renewal
33	Note:	-	Early Termination 6/30/2012	3.2 Early Termination	Performance Based
34	Note:	-	Licensor Termination Rights	9.1 to 9.1.16	To Be Fully Reviewed
35	Note:		Licensee Termination Rights	9.2 to 9.2.12	To Be Fully Reviewed
36
37
38		$632,040.63