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Re: andrewflying post# 137104

Friday, 05/04/2018 1:13:43 PM

Friday, May 04, 2018 1:13:43 PM

Post# of 163724
It's in the 10-K

Both parties have agreed to restructure the indebtedness represented by the Note, as follows: (a) SIAF issues 5,196,333 shares of its common stock at $3.00 per common share and the transfer of 400,000 common shares of Tri-way Industries Ltd. to the Note holder; and (b) SIAF executes a new promissory note in the principal amount of $15,589,000 to the Note holder to be paid in installments over a period of time. However, both parties remain open to negotiate an all-cash settlement of the Note.


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