Replies to post #40113 on Seven Arts Entertainment Inc (SAPX)

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On April 2, 2013, the Board also approved a five year extension of Peter Hoffman’s and Kate Hoffman’s employment agreements on the same terms as currently applicable, subject to continued review of proposed increases in Ms. Huffman’s bonus and bonus compensation by the Audit Committee. Peter Hoffman will continue to serve as chief executive officer of the Company and a member of the Board of Directors, with a focus on film and television production and distribution and Kate Hoffman will continue to serve as chief operating officer of the Company and a member of the Board of Directors also with a focus on film and television production and distribution.