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I-Glow

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I-Glow

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Re: Nacho15 post# 577

Tuesday, 08/23/2016 8:31:07 PM

Tuesday, August 23, 2016 8:31:07 PM

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TSGL has a payment due in October for the TCA note.

The initial Revolving Note in the amount of $1,300,000 is due and payable along with interest thereon on October 5, 2016, and bears interest at the minimum rate of 12% per annum, increasing to 22% per annum upon the occurrence of an Event of Default, as defined in the Credit Agreement.

Kimmy has no way to repay this loan and it is guaranteed that TCA will bring LTNC into the lawsuit.

IG

"Are you gonna pull those pistols or whistle Dixie?"

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