Peter Pan Agreement

DQ Entertainment International ("DQE")

PETER PAN IS BACK IN A 3D/HD AVATAR

FOR 21ST CENTURY

DQ Entertainment, a global animation, gaming and live action entertainment production and distribution company, is pleased to announce 'The New Adventures of Peter Pan' in a 3D animated CGI format. The TV series will consist of 26 episodes of half hour each, as an enchanting fantasy-adventure genre of story telling.

DQ Entertainment Ireland Limited is co-producing this high-end television series with Method Animation, France and Story Board Animation, France at a global budget of Euro 9.91 million (INR 60 Crore). This high end 3D TV series will be a feature quality visual delight with some stereoscopic effects.

Method Animation, France and Story Board Animation, France have entered into a development deal with France Television, France and a high quality design and pilot team is already working in France in due editorial consultation with DQE Ireland for Scripting also.

Peter Pan - 26 x 22' 3D HD has generated tremendous interest world wide including Europe for broadcasting and home entertainment including Licensing which DQE is working in collaboration with co producers Method Animation and Story Board Animation, France.

Said Julien Borde, Head of Children and Youth Programs, France Télévisions - "We are delighted to join Method Animation and DQ Entertainment in the development of Peter Pan. France Televisions 1st commissioner of animation in Europe is working on adaptation of international IP's for more than 20 years and has produced some of the most exciting international franchises (Garfield, Gaston Lagafffe, Tintin,Lucky Luke, Marsupilami...). It is a great honor for us to be part of such a challenging and motivating project. With the passion of Method and DQ artists, we are sure the first animated series version of Peter Pan will be consistent with the original universe and bring emotions and fun to a all new generation of kids"

Said, "Tapaas Chakravarti, Chairman and CEO of DQ Entertainment "We are delighted to have Method Animation as our co-producers supported by Storyboard Animation, France for creative and post production development of series. The creative pedigree of Method Animation, which is currently co-producing Little Prince, Iron Man - II as well as Charlie Chaplin, is well know worldwide, and this new series will bring renewed sparkle to our relationship. DQE and its co-producers are truly grateful to the qualitative development support by the marquee broadcaster -France Television."

Aton Soumache, CEO of Method Animation, France said, "We are very confident and moving quickly on the development of this beautiful 21st Century CGI/3D Television series in collaboration with our long term partners DQE Group to bring to life breathtaking visuals of an all-new Neverland, Peter and Tinker Bell with stunning 21st Century, London Skyline to delight 21st century kids and parents alike. Characters are designed in 3D-CGI animation and will perfectly fit into this delightful world of imagination. We have chosen the best development writers and I am sure there will be tremendous Licensing and Merchandizing value to the all new adventures of Peter Pan. We are truly privileged to join hands with DQE on this world-famous property and to start a development deal with france télévisions"

End

About Peter Pan

Peter Pan, his friends and foes, all new and old, in a fantasy-action-adventure, set in a timeless and magical world of Neverland and 21st century London. Neverland is defined by imaginations running wild, and the place for big adventures, ruled by a boy who never grew up. New generation Wendy, her brothers and their loving dog Newfie join forces with Peter Pan and Tinkerbell to face their long time foe Captain Hook and his pirates in a never-ending battle to save Neverland from unimaginable evils.

About DQE

DQE is one of the leading producers of animation, visual effects, game art and live action entertainment content for the global media and entertainment industry. With a workforce of approx 3500 permanent employees and a global client - partner base of over 90 producers, distributors, broadcasters and licensors including Walt Disney Television Animation, Nickelodeon Animation Studios Inc., Electronic Arts, Marvel Comics, American Greetings, NBC-Universal, BBC Group, M6/ France TV Group / TF-1 - leading broadcasting and Distribution groups from France, ZDF TV and ZDF Enterprises - leading broadcaster and global distributor from Germany, ABC Australia, Al Jazeera - Arabic nations, Disney Channels - Asia, Cartoon Network Group and many more world-wide.

DQE has produced/co-produced and distributed iconic brands such as Iron Man - the first 3D animated TV series, Twisted Whiskers, Mikido, Casper, Pinky & Perky, second season of Large Family, third season of Mickey Mouse Club House, First and Second Season of Madagascar TV Series and now in Second Season and Fanboy for Nickelodeon, USA and is now co-producing properties like Little Prince and Little Nick with major international broadcasters and producers. DQE has a library of over 350 hours of international programs for distribution and licensing globally for TV, home entertainment, merchandising and publishing is on fast track.

DQE's 100% home grown production in Hi-end 3D, 'The Jungle Book' is in production as a 52 episode animated series and a 60 minute TV feature in co-production with international majors including TF1 and Moonscoop , France, ZDF Group, Germany and is to be released world-wide in 2010. Toomai-The Elephant Boy which is a live action TV series is in development in co-operation with international broadcasters, while several Indian IPs like Mysteries & Feluda, Omkar, Balkand I, II and III with International Broadcasters have had a successful run.

DQE has also announced the development of a series of animated short films for television in collaboration with French production companies Method Animation and MK2. DQE, Method Animation and MK2 announced the production and worldwide distribution and exploitation of an animated version of 104 six-minute episodes inspired by the legendary film icon Charlie Chaplin's Hollywood films. The first series will be developed in colour creating a timeless atmosphere and a unique look, blending early 20th century with present time, allowing for younger generations to identify with the Charlie Chaplin character.

DQE has received recognition and awards at several national and international forums fostering creativity and excellence. Some of the recent recognitions have been at the Ernst & Young, Entrepreneur of the Year - 2009 India Awards, The UK Broadcast Awards 2010, Sichuan TV Festival International "Gold Panda" Awards, The Emmy Award, administered by the National Academy of Television Arts & Sciences for Tutenstein TV series co-produced by DQE and several others.

DQE's production facilities are based in Hyderabad, Mumbai and Kolkata and it has international sales representatives in Los Angeles, Paris and Tokyo.