Global Entertainment Holdings Inc (GBHL)

[4u2nv2]

On August 2, 2016 the Company entered into a library license agreement with Digicable Network India, Ltd. (“Digicable”) for the exclusive license of its digital library in India and the non-exclusive license within Digicable’s reach outside India for an initial two-year period commencing December 1, 2016, and automatically renewable for additional one-year periods thereafter unless otherwise terminated. The license anticipates the delivery of up to approximately 1,900 digital titles for broadcast by Digicable over the license period against a monthly license fee to the Company of US $0.04 cents, per Digicable subscriber, with a minimum monthly fixed floor of $ 400,000, less applicable Indian withholding taxes. Payment of Digicable’s license fees begin within 10 days after the end of the quarter in which the Company’s digital content is delivered, such that the first payment from Digicable is expected on or about March 10, 2017. Operating Plan