Presidential Realty Corp. (PDNLB)

[db7]

so important date/milestones:

1) Presidential agreed to endeavor for the next 30 days to obtain an extension or refinancing of the mortgage debt.

2) If the appraisal and the loan extension/refinancing is not obtained within 180 days, then First Capital and Presidential may within 10 days mutually agree in writing to extend the time to complete the extension/refinancing of the loan, or either First Capital or Presidential may elect to cancel the transfer of the T9 Ownership Interest following 10 days prior written notice to the other party.