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Filing Details

Issuer

Cik	Name	Symbol	Sector (SIC)	IRS No
1410402	Circle Entertainment Inc.	CEXE.PK	Real Estate (6500)	364612924

Insiders

Cik	Name	Reported Address	Insider Title	Director	Officer	Large Shareholder	Other
1373244	Paul Kanavos	650 Madison Avenue New York NY 10022	President	Yes	Yes	Yes	No

Reported Non-Derivative Transactions

Sec. Name	Acquisiton - Disposition	Date	Amount	Price	Remaning Holdings	Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
Common Stock, $0.01 Par Value	Acquisiton	2011-09-16	5,556,870	$0.02	5,556,870	No	4	P	Indirect	See footnote

Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
No	4	P	Indirect	See footnote

Reported Non-Derivative Holdings

Sec. Name	Remaning Holdings	Nature of Ownership	Explanation
Common Stock, $0.01 Par Value	11,973,527	Direct
Common Stock, $0.01 Par Value	5,501,611	Indirect	See footnote
Common Stock, $0.01 Par Value	500,000	Indirect	See footnote
Common Stock, $0.01 Par Value	500,000	Indirect	See footnote

Footnotes

These shares are held by the Kanavos Dynasty Trust 2011, of which the Reporting Person is the sole investment advisor and his spouse and children are the beneficiaries.
These shares are held by Atlas Real Estate Funds, Inc. ("Atlas"). The Reporting Person, together with Robert F.X. Sillerman, a director, executive officer and greater than 10% stockholder of the Issuer, and Brett Torino, a greater than 10% stockholder of the Issuer, are deemed to be the beneficial owners of such shares by virtue of being Atlas' controlling stockholders, executive officers and directors.
These shares are owned by the Reporting Person through the Paul C. Kanavos 2008 GRAT.
These shares are owned by the Reporting Person's spouse through the Dayssi Olarte de Kanavos 2008 GRAT.