Value Microcaps Motherboard

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I believe SCRH now has 24 licensees which is double what they had on the last quarterly report.

Here are the newest 3.

Palm Springs

https://www.facebook.com/scorespalmbeachfl

This has to be a new licensee agreement because they were removed from the previous agreement.

As of April 17, 2015 the parties settled this matter. Pursuant to the settlement, defendants agreed to pay us $150,000, payable in 13 installments. The first installment of $50,000 was paid upon finalization of the settlement, with 12 subsequent monthly payments of $8,333.33 commencing on May 1, 2015. The defendants also executed consents to the entry of a permanent injunction against them prohibiting their continued use of the name and trademark “Scores” at their clubs if either or both of the defendants default in their obligations under the settlement. In connection with the settlement, the parties entered into an amendment of the July 18, 2013 License Agreement between them. The amendment, among other things, (i) removes the Palm Beach club from the license agreement, (ii) provides that the license agreement shall only apply to the Jacksonville and Savannah nightclubs, (iii) requires the licensees to pay us a fixed royalty of $5,000 per month for each club, commencing May 1, 2015, and (iv) requires that the Savannah nightclub and any related websites utilize the name “Scores Presents.” As of June 30, 2015 the defendants remain in compliance with this settlement.

This one is their one remaining lawsuit. It looks like it is now clearly under the Scores umbrella

http://www.scoresmichigan.com/

and the previously posted magazine.

List of total licensees

1, NY 22,003
2. Chicago 43,867
3. Balt 35,645
4. N.O. 30,000
5. Tampa 30,000
6. Atlantic City 30,000
7. Scoreslive.com 2,264
8. Houston 30,000
9. Harvey 15,000
10. Indiana 15,000
11 Savannah 15,000
12 Jacksonville 15,000
13 Providence 30,000
14. New Haven 15,000
15. Columbus 15,000
16. Greenville SC 15,000
17 Mooresville 30,000

4 about to open. I will assume the smaller 5K per month royalty figure.

18. SCORES PRESENTS CHARLOTTE 1 15,000

19. SCORES PRESENTS CHARLOTTE 2 15,000

20. SCORES PRESENTS HICKORY 15,000

21. SCORES TOLEDO 15,000

22. Magazine

23. Scores Palm Beach

24. Scores Detroit Michigan