GAMESIDE GmbH

Frankfurt am Main

Jahresabschluss zum 31. Dezember 2008

Bilanz zum 31. Dezember 2008
(Balance sheet as of December 31, 2008)

AKTIVA

(ASSETS)

	EUR	31.12.2008 (accounting year) EUR	31.12.2007 (previous year) EUR
A. Anlagevermögen
(Fixed Assets)
I. Sachanlagen
(Tangible Assets)
1. Grundstücke und Bauten
(Land and buildings)	46.303.063,56		29.202.534,01
2. Geleistete Anzahlungen und Anlagen im Bau
(Payments on account and assets under construction)	0,00	46.303.063,56	2.523.215,54
II. Finanzanlagen
(Financial assets)
1. Anteile an verbundenen Untemehmen
(Shares in affiliated companies)		6.223.271,30	7.380.265,44
B. Umlaufvermögen
(Current assets)
I. Forderungen und sonstige Vermögensgegenstände
(Receivables and other assets)
1. Forderungen aus Lieferungen und Leistungen
(Trade receivables)	221.233,07		45.072,62
2. Forderungen gegenüber verbundene Untemehmen
(Revceivables affilated companies)	378.021,72
3. Sonstige Vermögensgegenstände
(Other assets)	604.893,52	1.204.148,31	172.618,83
II. Guthaben bei Kreditinstituten
(Bank balances)		365.392,83	308.066,05
C. Rechnungsabgrenzungsposten
(Prepaid expenses)		0,00	10.516,93
		54.095.876,00	39.642.289,42
PASSIVA
(EQUITY AND LIABILITIES)
	EUR	31.12.2008 (accounting year) EUR	31.12.2007 (previous year) EUR
A. Eigenkapital
(Equity)
I. Stammkapital
(Subscribed capital)	25.000,00		25.000,00
II. Kapitalrücklage
(Capital reserve)	7.500.000,00		0,00
II. Gewinnn- / Verlustvortrag
(Cumulative income / losses brought forward)	41.358,34		-33.865,86
IV. Jahresüberschuss/Jahresfehlbetrag
(Net income/Net losses)	0,00	7.566.358,34	75.224,20
B. Rückstellungen
(Accruals)
1. Steuerrückstellungen
( Tax accruals)	4.072,52		4.048,00
2. Sonstige Rückstellungen
(Other accruals)	82.366,00	86.438,52	20.655,60
C. Verbindlichkeiten
(Liabilities)
1. Verbindlichkeiten gegenüber Kreditinstituten
(Liabilities to banks)	36.518.595,20		25.058.536,12
2. Verbindlichkeiten aus Lieferungen und Leistungen
(Trade payables)	30.145,90		192.506,29
3. Verbindlichkeiten gegenüber Gesellschaftem
(Shareholder liabilities)	9.715.495,35		13.343.835,85
4. Verbindlichkeiten gegenüber verbundenen Untemehmen
(Payables to affiliated companies)	1.098.594,56		937.534,56
5. Sonstige Verbindlichkeiten
(Other liabilities)	0,00	47.362.831,01	18.814,66
		55.015.627,87	39.642.289,42

Notes to the Annual Financial Statements for the business year from January 1 until December 31, 2008

English translation ( German Version Prevails)

GAMESIDE GmbH, Frankfurt am Main

I. General Remarks to the Annual Financial Statements for the business year

The financial statements of GAMESIDE GmbH, Frankfurt am Main - in the following "GAMESIDE" or "Company" - were prepared in accordance with the rules of German commercial code.

As set forth in Section 267 para. 1 HGB, in the year under report, the GAMESIDE GmbH is classified as a "small" corporation and has made use of the facilitations concerning the notes and opted in accordance with Section 264 para. 1 sentence 3 German Commercial Law (HGB) not to prepare a management report.

The balance sheet is presented in accordance with Section 266 para. 2 and 3 German Commercial Law. Profit and loss statement is presented using the method of total cost ("Gesamtkostenverfahren") according to Section 275 para. 2 German Commercial Law.

II. Remarks to the Accounting Principles

Valuation principles are consistent with prior year.

Fixed Assets

Land and building are valued at acquisition costs less systematic depreciations. In 2008 depreciation was performed pro rata temporis for the tangible assets in accordance with the tax regulations (§7 EStG and the official AfA tabulations).

Shares in affiliated companies are valued with their acquisition costs.

Current Assets

Receivables and other assets are shown at their nominal values.

Accruals

The other accruals include all recognisable risks and contingent liabilities.

Liabilities

Liabilities are stated at their repayment amounts. Interest are accrued

III. Explanation of the Balance Sheet

Fixed assets

The breakdown, classification and development of the individual fixed asset items summarised in the balance sheet are reflected in the "Fixed Assets Movement Schedule" which is in accordance with the legal regulations as set forth in § 268 para. 2 HGB.

Current assets

Receivables and other assets as well as cash in hand and cash at banks are stated in their nominal values. Capitalised receivables and other assets have a remaining period of maturity of less than one year.

Foreign currency receivables do not exist.

Accruals

The other accruals were set up for upcoming expenses.

Liabilities

Payable to affiliated enterprises exist against Calamara GmbH, Frankfurt am Main EUR 916.159,60 and Coldmount GmbH, Frankfurt am Main EUR 182.434,96

The liabilities due to shareholders are towards Redford GmbH, Frankfurt am Main, an amount EUR 6.297.474,05 and the Gameside Ltd, Ireland with an amount of 3.418,021,30.

Residual periods to maturity can be seen from the breakdown of liabilities attached to the Notes.

Foreign currency liabilities do not exist.

IV. Explanation of the profit-and loss statement

The turnover concerns rental income and recharged operating costs.

The depreciation has been performed systematically

The other operating expenses basically consist of rechargeable and non rechargeable operations costs, legal and financing costs.

V. Other information

The Company has no employees.

Business Managers in the accounting year were:

Mr. Donal Ring, Castleisland, Ireland

Mrs. Ursula Rutovitz, Frankfurt am Main, Germany (since December 2008).

The Managers have not received any remuneration.

Relating to the legal restrictions of § 181 BGB, the Managers are exempted.

Earnings 2008 will be dissipated because of the profit and loss transfer agreement with the Redford GmbH. The minority shareholders will receive a compensation payment.

VI. Remarks to the parent company

GAMESIDE GmbH is an affiliated company of Redford GmbH, Frankfurt am Main.

Frankfurt am Main, December 15, 2009

Donal Ring

Ursula Rutovitz

Anlagenspiegel zum 31.12.2008
(Fixed Assets Movement Schedule as of 31 December 2008)

GAMESIDE GmbH, Frankfurt am Main

	Historische Anschaffungskosten
	(original Acquisition costs)
	Stand (state) 01.01.2008 EUR	Zugang (add/t/ons) EUR	Abgang (leaving) EUR	Umbuchungen (reclassification) EUR	Stand (state) 31.12.2008 EUR
Sachanlagen (Fixed Assets)
1. Grundstücke und Bauten
(Land and buildings)
Bad Wörishofen	9.201.231,13	0,00	81.614,76	0,00	9.119.616,37
Maschen	9.046.563,65	0,00	5.501,14	0,00	9.041.062,51
Fulda, Hopfengarten	0,00	0,00	0,00	9.926.540,07	9.926.540,07
Bamberg	0,00	0,00	0,00	7.727.754,22	7.727.754,22
Köln-Ronsdorf	11.411.378,72	0,00	0,00	0,00	11.411.378,72
	29.659.173,50	0,00	87.115,90	17.654.294,29	47.226.351,89
2. Geleistete Anzahlungen und Anlagen im Bau
(Payments on account and assets under
construct/on)
Fulda Hopfengarten	1.727.182,15	8.199.357,92	0,00	-9.926.540,07	0,00
Bamberg	796.033,39	6.931.720,83	0,00	-7.727.754,22	0,00
	2.523.215,54	15.131.078,75	0,00	-17.654.294,29	0,00
Summe Sachanlagen
( Total tangible asset)	32.182.389,04	15.131.078,75	87.115,90	0,00	47.226.351,89
Finanzanlagen (Financial Assets)
1. Anteile an verbundenen Unternehmen
(Shares in affiliated companies)
CV Control GmbH	6.463.129,10	0,00	239.857,80	0,00	6.223.271,30
Brownside GmbH	917.136,34	2.615,53	0,00	0,00	919.751,87
	7.380.265,44	2.615,53	239.857,80	0,00	7.143.023,17
Summe Anlagevermögen
(Total fixed assets)	39.562.654,48	15.133.694,28	326.973,70	0,00	54.369.375,06

	Kumulierte Abschreibung
	(total depreciation)
	Stand (state) 01.01.2008 EUR	Zugang (add/t/ons) EUR	31.12.2008 Stand (state) EUR
Sachanlagen (Fixed Assets)
1. Grundstücke und Bauten
(Land and buildings)
Bad Wörishofen	170.659,47	126.932,32	297.591,79
Maschen	179.489,03	143.607,50	323.096,53
Fulda, Hopfengarten	0,00	15.838,37	15.838,37
Bamberg	0,00	20.534,18	20.534,18
Köln-Ronsdorf	106.490,99	159.736,47	266.227,46
	456.639,49	466.648,84	923.288,33
2. Geleistete Anzahlungen und Anlagen im Bau
(Payments on account and assets under
construct/on)
Fulda Hopfengarten	0,00	0,00	0,00
Bamberg	0,00	0,00	0,00
	0,00	0,00	0,00
Summe Sachanlagen
( Total tangible asset)	456.639,49	466.648,84	923.288,33
Finanzanlagen (Financial Assets)
1. Anteile an verbundenen Unternehmen
(Shares in affiliated companies)
CV Control GmbH	0,00	0,00	0,00
Brownside GmbH	0,00	0,00	0,00
	0,00	0,00	0,00
Summe Anlagevermögen
(Total fixed assets)	456.639,49	466.648,84	923.288,33

	Buchwert
	(book value)
	Stand (state) 31.12.2008 EUR	Stand (state) 31.12.2007 EUR
Sachanlagen (Fixed Assets)
1. Grundstücke und Bauten
(Land and buildings)
Bad Wörishofen	8.822.024,58	9.030.571,66
Maschen	8.717.965,98	8.867.074,62
Fulda, Hopfengarten	9.910.701,70	0,00
Bamberg	7.707.220,04	0,00
Köln-Ronsdorf	11.145.151,26	11.304.887,73
	46.303.063,56	29.202.534,01
2. Geleistete Anzahlungen und Anlagen im Bau
(Payments on account and assets under
construct/on)
Fulda Hopfengarten	0,00	1.727.182,15
Bamberg	0,00	796.033,39
	0,00	2.523.215,54
Summe Sachanlagen
( Total tangible asset)	46.303.063,56	31.725.749,55
Finanzanlagen (Financial Assets)
1. Anteile an verbundenen Unternehmen
(Shares in affiliated companies)
CV Control GmbH	6.223.271,30	6.463.129,10
Brownside GmbH	919.751,87	917.136,34
	7.143.023,17	7.380.265,44
Summe Anlagevermögen
(Total fixed assets)	53.446.086,73	39.106.014,99

Verbindlichkeitenspiegel zum 31. Dezember 2008
(Payables aging report as of December 31, 2008)

GAMESIDE GmbH, Frankfurt am Main

	Gesamt	Restlaufzeit	Restlaufzeit	Restlaufzeit	davon besichert
	(total)	(remaining period)	(remaining period)	(remaining period)	(thereof secured)
	EUR	< 1 Jahr EUR	von 1 Jahr bis 5 Jahre EUR	> 5 Jahre EUR	EUR
1. Verbindlichkeiten gegenüber Kreditinstituten
(Liabilities to banks)	36.518.595,20	1.638.162,06	9.653.578,60	25.226.854,54	36.518.595,20
2. Verbindlichkeiten aus Lieferungen und Leistungen
(Trade payables)	30.145,90	30.145,90	0,00	0,00	0,00
3. Verbindlichkeiten gegenüber Gesellschaftern
(Shareholder liabilities )	9.715.495,35	79.976,74	9.635.518,61	0,00	0,00
4. Verbindlichkeiten gegenüber verbundenen Gesellschaftern
(Payables to affiliated enterprises)	1.098.594,56	1.098.594,56	0,00	0,00	0,00
5. Sonstige Verbindlichkeiten
(Other liabilities)	0,00	0,00	0,00	0,00	0,00
	47.362.831,01	2.846.879,26	19.289.097,21	25.226.854,54	36.518.595,20