Item 1.01 Entry into a Material Definitive Agreement. Hannover House, Inc. ("Company") has entered into an international financing and distribution agreement with Belle Starr, Inc. , to cover the production and releasing costs for the motion picture production, "The Legend of Belle Starr." The production costs for the film are estimated at 3.5-million dollars (inclusive of fees, contingency, interest and bond), and the "initial theatrical releasing" costs for the film have been budgeted at 1.5-million dollars (supporting a 600-screen, USA theatrical launch). Under the terms of the agreement, Belle Starr, Inc. will be solely responsible for the funding of the film's production and releasing costs. Hannover House will handle worldwide sales representation, distribution and licensing of the film under a performance-based sales agency agreement; but Hannover House will . . . Item 1.02 Termination of a Material Definitive Agreement. Hannover House, Inc. ("Company") has terminated a corporate financing agreement that had been previously entered into on August 13, 2013 with Greenwood Finance Group, LLC ("Greenwood"). The purpose of the agreement with Greenwood was to provide payables relief under a "Debt-Conversion" transaction for the benefit of qualified and eligible debt holders of Company. As a result of the termination of this agreement, a total of 6,200,000 shares of "unrestricted" stock will be immediately retired back into treasury stock of the Company, and removed from the market of issued shares. Company does not feel that the termination of this "Debt Conversion" transaction will have a materially, negative impact on current operations. Separately, Company officers D. Frederick Shefte (President) and Eric F. Parkinson (C.E.O.) have each cancelled a previously . . .
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