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EXECUTIVE SUMMARYTOTAL BUDGETThe total budget to develop, produce, execute and deliver thefinished film is projected at $250,000 (USD.)TIMELINEProduction on NATURAL STATE OF DRAGbegan September 2023 at theMiss Gay Arkansas America Pageant in Little Rock, Arkansas.The production anticipates a wrap on principal photography by July 2024 with two months of post production to deliver a finished product. Estimated point at which the film enters the market and initial revenues are generated: 20 months.FILM INVESTMENT OPPORTUNITIESFLAPPER FILMS is proud to partner withFLAPPER HOUSE, INC.— a 501(c)(3) multi-media companythat supports and develops projects that bring public awarenessto the arts as well as causes and issues that benefit the world.For more information about making a contribution,please email at: contact@naturalstateofdrag.comAll donations are tax deductible. Flapper House, Inc.4400 West Riverside DriveSte. 110, #115Burbank, CA 91505EIN#: 87-4392832

A FLAPPER FILMS PRODUCTIONNATURAL STATE OF DRAGis a documentary film project about the history of drag in Arkansas—a red state with blue roots and a long traditionin the art of female impersonation. This film explores the many, deep historical contradictions in Arkansaswhere entrenched racism and prejudice have existed alongside the vibrantand trailblazing personalities who defied the odds and paved the way for the LGBTQ+ community to express themselves and find freedomin the art of drag.This lively documentary feature film dives into the archives and goes on the roadto capture the state’s dynamic queens and activists to highlight the history ofthis conservative but sassy state where looks can be deceiving. DIRECTOR/PRODUCER Elizabeth GracenPRODUCERS Sandra Marbaise, Spencer May & Ron StandridgeGENRE Documentary FeatureLOCATION ArkansasBUDGET $250,000 A FLAPPER FILMS PRODUCTIONSYNOPSISARKANSASNATURAL STATE OFNatural State of Drag

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Director/ProducerNative Arkansan Elizabeth Gracen is a veteran of television and film productions best known for her work on the long-running series HIGHLANDER and for being crowned Miss America 1982. An award-winning filmmaker, her fascination with the world of drag goes back to the late 1990s and her first film, THE DAMN DEAL—an experimental short documentary about young female impersonators competing in the Miss Gay America Pageant system. Her production company Flapper Films continues to create and develop educational, informational, and inspiring content for multi-generational men and women and is proud to partner with the non profit Flapper House Inc. to produce NATURAL STATE OF DRAG.Director & ProducersNatural State of DragElizabeth GracenProducerSpencer MaySpencer May has been setting the bar for excellence in female impersonation and pageantry in and beyond Arkansas for 30 years. As Kelly Cruise, he won the title of Miss Gay Arkansas America 1993. A two time Top 10 Miss Gay America finalist, he placed fourth alternate as Miss Gay Arkansas. As Arkansas Entertainer of the Year 1997, he advanced on to place in the elite Top 10 at National Entertainer of the Year. On film, he was one of the subjects featured in “The Damn Deal,” a short documentary produced by Miss America 1982 Elizabeth Gracen. He also appears in the feature film documentary “Pageant.” A former advertising professional, he is now a highly regarded stylist at The Fix Salon in Little Rock.

An award-winning writer and publicist, Ron Standridge is a Natural State native and veteran communications professional. A graduate of the University of Central Arkansas, Ron spent 18 years as public relations coordinator at CARTI, Inc. and has also served as communications director for the Arkansas Community Foundation and director of alumni and constituent relations at the University of Arkansas for Medical Sciences. He is now the owner of Write Away, Ron Communications and Public Relations. As a team member at My Ideal Music, Inc., Ron works closely with the estate of singer Margaret Whiting to promote and preserve the legacies of the legendary Whiting Family. A former director of the Miss Gay Arkansas America Pageant, Ron is also a noted drag archivist specializing in the history of Miss Gay America.ProducersNatural State of DragRon StandridgeDesigner and business woman Sandra Marbaise is the past founder and owner of Creative Advantage, an award-winning graphic design studio, and SanLori, a nationally renowned paper manufacturing company. A resident of Little Rock and graduate of the University of Central Arkansas, she enjoys working with many creative and meaningful organizations, locally and internationally.ProducerSandra MarbaiseProducer

ARKANSASNATURAL STATE OFFull Item Budget Available Upon Requestcontact@naturalstateofdrag.comBudget Natural State of Drag - Budget Summary Prod. Co.: FLAPPER FILMS Director: Elizabeth Gracen Producer: Elizabeth Gracen, Sandra Marbaise Producer: Spencer May, Ron Standridge Location: Arkansas Budget Date: 10/15/2023BUDGET ACTUALS REMAINING1000Pre-Production & Development $0 $02000Producing Staff $0 $03000Rights, Music & Talent $77,000 $0TOTAL ABOVE THE LINE $77,000 $0 $0BELOW THE LINEBUDGET ACTUALS REMAINING4000Crew & Personnel $11,050 $05000Production $39,340 $06000Travel & Related Expenses $15,800 $07000Post-Production $39,000 $08000Insurance/Legal $8,500 $09000Administration $3,500 $010000Promotion $31,590 $0TOTAL BELOW THE LINE (B) $148,780 $0 $0SUBTOTAL (ATL + BTL) $225,780 $0 $0CONTINGENCY $22,578 $0FISCAL SPONSOR FEE OF DONATIONS$0GRAND TOTAL $248,358 $0 $0% OF ESTIMATED FILM WORTH COMPLETED% OF ESTIMATED FILM WORTH LEFT TO COMPLETE 100.00%BREAKDOWN BY FILMMAKING PROCESSPre-Production $0 $0 $0Production $55,890 $0 $0Post-Production $126,300 $0 $0Promotion & Administration $43,590 $0 $0SUBTOTAL $225,780 $0 $0GRAND TOTAL (CONTINGENCY & FEES) $248,358 $0 $0

Flapper FilmsElizabeth Gracen, Director/Producer626-265-3227contact@naturalstateofdrag.comSandra Marbaise, Producer501-765-5701sandramarbaise@naturalstateofdrag.comSpencer May, Producer501–529-1062spencermay@naturalstateofdrag.comRon Standridge. Producer501- 837-7366ronstandridge@naturalstateofdrag.comWe appreciate you for taking the time to review and considerall materials and information. We are happy to discussNATURAL STATE OF DRAGin further detail at your convenience.www.naturalstateofdrag.comARKANSASNATURAL STATE OFThank YouNatural State of Drag