ALL Fuels & Energy Co. (fka AFSE)

[Steede]

AFSE only had six months to exercise the option on the other 6% of the Princess Concession. The cost of that 6% increased over time from $240,000 within the first 60 days after the contract was signed (9/12/11), to $340,000 for the period 60-120 days after contract signing, to $500,000 for 120-180 days after the contract signing. It's not clear if AFSE did exercise the option, but that six months has expired. From the 3/1 PR by AFSE, they had not exercised the option yet, so if they did, it would have had to be by 3/12/12, and at the $500,000 rate.

They have until 9/12/12 to exercise their options on the Paradise Concession and can do so in 5% increments (up to 15%) for $120,000 per increment.