Team Communications Group, Inc. Schedule of Cash Requirements as of August 31, 2001

Summary

This document lists the cash requirements and proposed payments for Team Communications Group, Inc. as of August 31, 2001. It details amounts due for payroll, rent, professional fees, legal settlements, and other expenses, along with proposed payment amounts and available cash. The schedule is intended to provide a clear overview of the company's short-term financial obligations and cash management plan.

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EX-10.2 4 v76540ex10-2.txt TEAM COMMUNICATIONS EXHIBIT 10.2 Exhibit 10.2 TEAM COMMUNICATIONS GROUP, INC. SCHEDULE A -------------------------------------------------------------------------------- CASH REQUIREMENTS 8/31/01
AMT DUE PROPOSED --------- -------- PAYROLL Terminated employees @ 8/20/01 10,592 10,592 Management from 8/10/01 payroll 31,885 from 8/24/01 payroll 28,173 P/R for w/e 9/14 - 1 employee 1,442 1,442 ------- Gross Pay 12,034 Payroll tax allowance Tax adjust 7.00% 842 Adjust to actual / estimate - ------- Payroll Cash Requirements 12,876 Non-contractual payroll deferrals 171,155 - ------- Payroll Acct Trfr 12,876 ------- MERCANTILE - Line of Credit Interest due 09/13 7,000 Fixed asset loan due 08/17 26,000 Note 1,000,000 ------- Subtotal - ------- RENT Sep 27,501 27,501 LABS Intl Image (Sonic Foundry) 12,129 Pacific Title film / tape storage 983 983 Preferred Media film / tape storage 389 389 Quik-Pix 1,500 Broadcast Standards 4,538 Transcription Company 1,306 Lavon Enterprises 625 625 --------- ------- Subtotal 21,470 1,997 --------- ------- PROFESSIONAL FEES Bruckhaus Heller Westrick Lober 30,645 Cella old DSL consulting agmt 4,000 Concord Effekten 26,442 DGAP 1,488 Freshfields Bruckhaus Deringer 298 Greenberg Traurig 87,543 Heenan Blaikie 15,825 James D. Henderson 5,072 John McAuliffe due approx w/e Jul 27 42,000 Houlihan Lokey 28,557 Kelly Lytton 61,866 Laffer & Gottlieb 21,592 Marriott Harrison 4,509 Mayer Brown & Platt 24,091 Milbank Tweed 73,675 Morris Marketing 17,615 Nasdaq 2,000 Novian & Novian 12,109 PvF Investor Relations AG 18,500 Schneider Securities 15,000 Rolland Schroeder 25,000 Sitrick & Company 7,068 Sonnenschein Nath & Rosenthal 6,798 Stonefield Josephson fee cut in half in exch for $35k now 62,096 SynCap Management 10,000 --------- ------- Subtotal 603,789 - --------- -------
TEAM COMMUNICATIONS GROUP, INC. SCHEDULE A -------------------------------------------------------------------------------- CASH REQUIREMENTS 8/31/01
AMT DUE PROPOSED --------- -------- LEGAL SETTLEMENTS Alliance 35,000 Beyond Pmt 4 due Aug 1 20,000 Pmt 5 due Sep 1 20,000 O'Brien balance due over time 57,500 O'Brien 12,191 --------- ------- Subtotal 144,691 - --------- ------- ALL OTHER A-1 Binding 1,581 1,581 ADP Investor Resources 2,639 Blue Cross est Jul/Aug/Sep pmt 10,124 10,124 est Sep pmt 3,500 3,500 CA Environments 2,423 Canon Business Solutions 4,578 2,364 Career Group 3,139 Citicorp Leasing 6,488 4,000 Contract Purchasing 4,000 2,000 Depository Trust Company 1,985 Federal Express 2,502 500 Friedman writer pmt 6,750 Ira Gerber 4,229 4,229 Heller Financial July & Aug int 90,000 Hoffman, Gary 3 mo past due 21,332 Lightbridge 2,875 Marquee Entertainment 119,737 Phone GE Exchange 4 Sprint 3,424 2,000 Verizon 1,650 809 Premium Financing Specialists D&O financing due 7-Sep 136,846 17,106 Ridgway 8,347 2,000 RR Donnelley 2,505 Rubin, Kim 21,399 Solomon expenses 8,661 Solomon expenses - D&O 17,900 Telescene down + pmt 1 due 20-jul 322,300 Trade Finance - general liability insurance 4,331 4,331 United Capital Leasing 10,681 William Morris 2 pmts $10k ea past due (total $20k) 15,000 Misc small vendors / labs / etc 11,467 2,000 ------- TOTAL 98,918 ======= RESERVE 1,082 CASH IN BANK 100,000 Available 100,000 ------- Total 100,000 =======