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Re: Sheepdog post# 97469

Tuesday, 07/14/2015 2:28:11 PM

Tuesday, July 14, 2015 2:28:11 PM

Post# of 112299
I guess I must have missed that statement you refer to about another 6 months. Where was that stated?

I do not see where one might have gotten that out of the following...

Terms of the Bayport/LeBonds joint venture are as follows, and will be reflected on our audited financials for the 3rd quarter of 2015.

$15,000,000.00 in total acquisition funding to Bayport over the course of 180 days.

$7,500,000.00 is to be received within 90 days, and $7,500,000 to be received within 180 days.

Acquisitions ownership and revenue are to be shared 80% to Bayport and 20% to LeBonds.

Annual 9% interest rate payable once a year, renewable or repayable after the first 2 years.