From:
Sent: Tuesday, October 4, 2011 4:22 PM
To: jeevacation@gmail.com
i spoke w=th dan. seems a bit less anxious. he must have found some cash for his imm=diate crunch.
i put the 3 points to him: more protection, less risk, more upside. he want=d me to talk to his lawyer. i said i would after
they came up with some ne= ideas.
fyi - this is what is on table now:
on protection
second mortgage
intercreditor agreement giving holder of 2nd the right to cure anyy default= 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 =rotection moves, any new financing, new
members, and further amendments to=llc agreement
on money terms
18% for 1 year - earned on first day
$1,000,000 on sale
let's see...
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EFTA_R1_01392747
EFTA02379352