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From:
To: jeevacationggmail.com
Subject:
Date: Tue, 04 Oct 2011 16:21:51 +0000
i spoke with dan. seems a bit less anxious. he must have found some cash for his immediate crunch.
i put the 3 points to him: more protection, less risk, more upside. he wanted me to talk to his lawyer. i said i would after they
came up with some new ideas.
fyi - this is what is on table now:
on protection
second mortgage
intercreditor agreement giving holder of 2nd the right to cure anyy defaults and to buy first mortgage if it is in default
i become a co-manager of Ilc with veto on any bankruptcy or other creditor protection moves, any new financing, new
members, and further amendments to Ilc agreement
on money terms
18% for 1 year - earned on first day
$1,000,000 on sale
let's see...
EFTA00682921
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EFTA00682921
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