Universal Apparel and Textile Co. (DKGR)

[blowout]

This clause is to do with the one lease, it also reads to me:Conditions of Sale. As a condition of sale with respect to the Glover lease, seller must
receive in consideration a total of $500,000 by the end of a two year period in addition to
any additional funds invested by seller. The Seller shall receive all revenues generated
from the property until the acquisition price has been paid or an alternative agreement
has been reached. The $500,000 owed to the seller will not be paid by funds obtained
from the working interest that the seller is otherwise entitled to. Buyer shall then receive
a 100% working interest and have title to the lease. Seller agrees that full amount of
monies that were previously invested in the wells on the Glover lease by Drake will be
forwarded to the operator and be used towards the development of another lease once
seller liquidates the oil held in the storage tanks.

Here is how I read this, the Buyer, Drake can payout the interest by paying the full amount of $500,000 over two years. Therefore Drake cannot use funds earned by the Seller (well financed by Drake 50/50 %)
Also oil in the tanks will be used for servicing new wells, that is where the new equipment comes in.