Global Digital Solutions Inc (GDSI)

[Coreton]

“Litigation proceeds” refers to the proceeds received to litigate. Not proceeds awarded as part of the settlement or judgement against defendant.

The funds will be paid from any judgement except that now that the judge has set damages recoverable as “actual damages”. This will include the cost of litigation. So any judgement in GDSIs favor will include the cost of litigation on top of the awarded amount leaving GDSI to pay the 27.5% out of the awarded amount.

Litigating expenses are $5m for GDSI, litigation investor provides $5m. If GDSI is awarded judgement it would also be awarded an additional $5m for litigation expenses. GDSI would repay the investor the $5m. An additional 27.5% ($1.375m) would be paid out of the awarded damages.

Who cares what the initials of the investor is as long as the Bill is paid.